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Council sets hearings to amend urban renewal plan and convey land for proposed Hobo Renewable Diesel project
Summary
The council set consultation and public hearing dates to amend the Phase Three Lincoln Way Industrial Rail & Air Park Urban Renewal Plan to allow alternative incentives for Hobo Renewable Diesel LLC after the state sunset of the High Quality Jobs Act; staff said the amendment would permit tax rebates and tax-increment rebates as alternatives to the now-unavailable program.
Clinton City Council on March 24 authorized setting dates for consultation and public hearings to amend the Phase Three Lincoln Way Industrial Rail and Air Park Urban Renewal Plan and to consider a proposed purchase‑sale‑development agreement with Hobo Renewable Diesel LLC.
Nathan Overberg, participating online, told the council the change responds to the legislature’s sunset of the High Quality Jobs Act, which had provided a mechanism for local tax‑abatement incentives. Because that state program is no longer available, the proposed amendment would revise the urban renewal plan’s project description to allow the city to use other incentive tools—tax rebates, tax‑increment rebates and rural tax abatement—as the local incentive structure for the Hobo development.
Overberg explained the amendment also adjusts the sequence of approvals so that Hobo could buy ground and start certain work pending later state incentive approval, while preserving a December 31 closing date in the current timeline. Council members asked clarifying questions and then set the required consultation and hearing dates.
The action does not itself grant incentives or convey property; it schedules the procedural steps needed to consider an amended urban renewal plan and a related parcel conveyance and development agreement.
