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Council approves urban renewal amendment and purchase agreement tied to Hobo Renewable Diesel
Summary
The council adopted an amendment to the LincolnWay Industrial Rail & Air Park urban renewal plan and approved a purchase, sale and development agreement with Hobo Renewable Diesel LLC that adjusts the abatement schedule and preserves a Dec. 31 purchase deadline; the council also authorized an RFP to farm city land while the option remains in place.
The Clinton City Council adopted an amendment to the Phase 3 LincolnWay Industrial Rail & Air Park Urban Renewal Plan and approved a purchase‑sale and development agreement with Hobo Renewable Diesel LLC, city staff said.
City staff explained the amendment responds to changes in state incentive programs: because the state's high‑quality jobs incentives are no longer available, the urban renewal language and incentive structure for Hobo…
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