[{"_1":2,"_99":-5,"_100":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,75,87],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},"mediaId",6640904,"mediaKeyId","2548666-64898feca6bdeaff9b39c1fccb761ff4","parentId",2548666,"title","Council approves contracts, bonds, grants and community contributions in consent and action items","audioSeconds",1490,"startMs",625000,"endMs",2115000,"viewUrl","/Search/View?dp=1&key=2548666-64898feca6bdeaff9b39c1fccb761ff4&start=625&end=2115","thumbnailUrl","https://assets.pipeline.soar.com/2548666-64898feca6bdeaff9b39c1fccb761ff4/thumbnail_625000.jpg","articleUrl","/articles/6640904/Clinton-City/Clinton-County/Iowa/Council-approves-contracts-bonds-grants-and-community-contributions-in-consent-and-action-items","mediaUrl","https://secure.pipeline.soar.com/6640904-236e8e729ada628c8463c160e7a89ad4/orig.mp4?Expires=1771015624&Signature=WcsJjfMJ0k6MpyFimKQLjHeprxEmCN0r3R-Q~orVjBAlminTA6K66vy2LjxN9jFzPtm~ATNMn8X7jm6bEvq4NpyAo9gQZ8wKhxd~0nFOewHNVyblQJCJGZdZznij4qKephynAZ445KmRSJMRIHkdJEJD7FSSDbiDectF7lzP1kH8nkVpDbufkYUj0xUDFROYJlVOI8D8UR-z~qoKAbkmx6TsT7MpLSygzBo9SSE6Yn175UNx2SlNvIRkClm~FNfBIIRtOqOTf6Y3ySHs7Sh~FDwa7lF62aR2wn7VCjmEciPJw509jgH9jaZgdqtjjKYYtBqIWBDcaMWzMi6zHe3pDw__&Key-Pair-Id=KUT5TJCACFTXG","author","Clinton","date","2025-03-11T23:03:48.537Z","article","The Clinton City Council on March 11 approved a series of resolutions and routine items, including contract awards, capital financing authorizations and community contributions. The items below summarize the formal actions taken and their outcomes as recorded by roll call.

- Chip-seal project U-2025: The council adopted a resolution accepting bids and awarding contract for project U-2025 (chip seal). The resolution was moved by Council member Musman and adopted by roll call (unanimous yes vote recorded).

- Crack-seal project T-2025: The council adopted a resolution accepting bids and awarding contract for project T-2025 (crack seal). The resolution was moved and seconded and adopted by roll call (unanimous yes vote recorded).

- Capital loan notes (essential corporate purposes): The council adopted a resolution instituting proceedings for issuance of not to exceed $9,630,000 general obligation capital loan notes for essential corporate purposes (ECP). The resolution was moved by Council member Shemmers and adopted by roll call.

- General corporate purposes notes: The council adopted a resolution instituting proceedings for issuance of not to exceed $920,000 general obligation capital loan notes for general corporate purposes (GCP). The resolution was moved by Council member Seeley and adopted by roll call.

- Issuance and levy for bond series 2025: The council approved a resolution authorizing issuance of general obligation capital loan notes, series 2025, and levying a tax for payment of the notes (motion presented by Council member Davis). The motion was adopted by roll call.

- SRF refunding / Iowa Finance Authority loan note: The council approved a loan and disbursement agreement with the Iowa Finance Authority and issuance of $2,473,000 general obligation capital loan notes series 2025A to refund an SRF loan (moved by Council member Davis). The resolution was adopted by roll call; staff noted the refinancing places the loan in compliance and that early years would include higher interest/interest-only portions per the payment schedule presented.

- Additional routine approvals and community contributions: The council adopted multiple consent-agenda items and approved donations and agreements: $10,000 contribution to the Clinton Historical Society; $12,500 to the Clinton Area Showboat Theater; $6,000 for the Fourth of July festival; and a tourism agreement with Greater Clinton Partners / Grow Clinton for FY2025. Appointments to boards and commissions were approved as presented.

- Collateral assignment for economic development grants: The council adopted a resolution approving a collateral assignment of economic development and LMI fund grants from College Brough LLC to Iowa Trust and Savings Bank; staff explained the assignment routes incentive payments to the bank for loan repayment in accordance with the development agreement.

All of the above resolutions were adopted by roll call during the meeting. Where a specific mover was stated in the record it is noted above; when the second or mover was not explicitly identified on the transcript it is listed as not specified. The council had no unscheduled public comment and moved to adjourn at the end of the agenda.","mediaType","Video","parentTitle","Regular City Council - Mar 11 2025","oneSentenceSummary","At its March 11 meeting the Clinton City Council approved bid awards for chip seal and crack seal projects, authorized several general obligation note issuances, approved contributions to local organizations and set other routine items on file.","taxTitle","Clinton City, Clinton County, Iowa","taxId",55531,"location","headline","","shortSummary",{"_33":76,"_35":36,"_37":38,"_39":77,"_41":78,"_43":79,"_45":80,"_47":81,"_49":82,"_51":83,"_53":84,"_55":56,"_57":58,"_59":85,"_61":62,"_63":64,"_65":86,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6640909,"Council sets March 25 public hearing for Hobo Renewable Diesel development agreement after presentation of site, jobs and infrastructure commitments",431,2694000,3125000,"/Search/View?dp=1&key=2548666-64898feca6bdeaff9b39c1fccb761ff4&start=2694&end=3125","https://assets.pipeline.soar.com/2548666-64898feca6bdeaff9b39c1fccb761ff4/thumbnail_2694000.jpg","/articles/6640909/Clinton-City/Clinton-County/Iowa/Council-sets-March-25-public-hearing-for-Hobo-Renewable-Diesel-development-agreement-after-presentation-of-site-jobs-and-infrastructure-commitments","https://secure.pipeline.soar.com/6640909-da14cbc290a6cb4832d98d3724859c8b/orig.mp4?Expires=1771015624&Signature=hghc1ZcUYd45~PMgRAHMCyRdovDSMWrROLpgt351Fp5ZU6Uujpy6yV3xmFVY3tRgjXKdyLKYKtGIXsqJNy6SFlAUoBDa-RA5kKBgYAhmXbt95-1TaVIOUiEb3yVYMpAv3Gj78wqlpF7RZYbeKeqw6T6LH-XGpxs5Q4v5Vd~dKOazhZXw8RZbwF0V0eU~brhvNqA3A3a4TPbGkui0sOhYkrHbRpyfGjtVhg7-B04A8GAgXgwIp~IpV06ALuGThPsDNSCokV1I1LNJahogV~QYQB~WJhYbcj0f26eSR1MzCto6jH7W7FGDafUjSKxWQmj8XgFt8uszL6rt65IlAXLDuA__&Key-Pair-Id=KUT5TJCACFTXG","The Clinton City Council on March 11 voted to set a public hearing for March 25 on a proposed purchase, sale and development agreement with Hobo Renewable Diesel LLC (\"HOBO\"). The resolution fixing the hearing date was moved by Council member Sealy and adopted by roll call.

City staff summarized the proposed project and the development agreement during the meeting. Key points presented to the council:

- Parcel and site: HOBO's primary parcel was described in the presentation as roughly 21.14 acres within a larger development area that the presenters said totals 121.14 acres. The purchase price cited in the presentation was about $32,900 per acre for the parcel(s) discussed. Option payments paid to date were noted and would be applied toward the sale price at closing.

- Infrastructure commitments and reimbursements: The developer would fund and deed more than $4 million of public rail improvements to the city, complete concrete work on 30 Sixth Avenue South and asphalt South 50 Fourth, and provide $330,000 toward a sewer line that runs along the project area. The developer's option and escrows include staged payments and a required escrow deposit of $3,000,000 within 90 days of closing for specified infrastructure work.

- Project scale, timing and jobs: Staff said the HOBO facility would produce a biodiesel blend (described in the presentation as a 20,000,000-gallon-per-year capacity). The presentation cited an initial 42 jobs with a target of about 70 employees in a short horizon. Presenters also discussed a tentative timeline tied to Iowa Economic Development Authority (IEDA) approvals: an IEDA high-quality-job (HQJ) designation and board action would be required (staff noted an IEDA board meeting on July 18); additional IEDA steps were cited with an execution contingency by October 20 and a closing deadline of December 31 (dates in the development agreement are conditions precedent and would require modification if not met).

- Public incentives and assessment: The presentation described a minimum assessment agreement and a 20-year, 80% value capture for certain incentive calculations; staff said more detailed tax-rebate mechanics would be applied after final certification of assessed value.

City staff said the council would have a fuller opportunity to question project principals and lenders at or before the public hearing; staff indicated Mike Kois and Randy Gibbs (project backers) would be available online for further questions on March 25. Council members praised staff and private partners for persistent work to reach this stage but emphasized the number of remaining conditions and the need for the council to review the final development agreement in detail.

The resolution setting the hearing passed by roll call; the public hearing is scheduled for the council's March 25 meeting.","The Council set a public hearing to consider a purchase, sale and development agreement with Hobo Renewable Diesel LLC; staff described acreage, rail and sewer upgrades, an initial job target and conditions tied to Iowa Economic Development Authority approval.",{"_33":88,"_35":36,"_37":38,"_39":89,"_41":90,"_43":91,"_45":92,"_47":93,"_49":94,"_51":95,"_53":96,"_55":56,"_57":58,"_59":97,"_61":62,"_63":64,"_65":98,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6640914,"Clinton City Council adopts FY2026 capital improvement plan amid debate over borrowing and property tax impacts",1448,582000,2030000,"/Search/View?dp=1&key=2548666-64898feca6bdeaff9b39c1fccb761ff4&start=582&end=2030","https://assets.pipeline.soar.com/2548666-64898feca6bdeaff9b39c1fccb761ff4/thumbnail_582000.jpg","/articles/6640914/Clinton-City/Clinton-County/Iowa/Clinton-City-Council-adopts-FY2026-capital-improvement-plan-amid-debate-over-borrowing-and-property-tax-impacts","https://secure.pipeline.soar.com/6640914-419f850b4b9208b6b4e34ee956f9a0d6/orig.mp4?Expires=1771015624&Signature=FWtXU2ceUsx89G2~5EmpxvpssZ9Hq5pBiNhjmqqlUt-zhgKhN42SZeclJUZEb-kiGXmM0NVmrIwDagtIdhexRjBX~aN-LEGzsArDb9TAJM5WQOQU3vmPXsLzj3qeFVpa9mlh-uxCgq8I86NKtHUxA5yfVa1b46royh0zVv2IO0f12n2x7I3ZkdGQqsYTfkgstjPCLB5L6mIO3Fgw3IHkYYnHW4VzBBVcm8rivLlYpT6~F7tF485A1jmXGSsetAGxAp2xLscy9STePqIU5IxHG7TwpmXrKD5WePWw~UwS0mGvA8vscLUeDoH11GJ4a1~0qaPKcaVlN3~dKCK9EWTB2Q__&Key-Pair-Id=KUT5TJCACFTXG","The Clinton City Council on March 11 adopted the city's Fiscal Year 2026 capital improvement plan (CIP) after lengthy discussion about borrowing levels, pavement management priorities and the potential impact on the property tax levy.

The resolution to adopt the CIP was moved by Council member Detterman and adopted by roll call. Council members discussed cutting roughly $950,000 to $1 million from the draft plan and suggested options including reducing pavement management funding, delaying traffic-signal projects and cutting some equipment purchases.

Council members and staff said the choices now will affect the city's debt-service levy next year. Council member Sealy said the city's prior buy-down of debt had kept the levy lower for the current year; without similar measures next year the levy could rise by roughly $2 per $1,000 of assessed value if valuations do not change. Council member Sealy said the current levy rate is near a 16-year low at $15.27 and urged colleagues to be prepared to explain increases to residents.

Staff and councilors debated which capital items are \"essential\" and which can be deferred. One speaker urged keeping pavement-management funding at $2.4 million this year to maintain the city's stated pavement condition index (PCI) target (60 to 65), warning that cutting that line would lead to more potholes and higher future repair costs. Another speaker proposed reducing pavement work to $2 million, cutting defibrillator purchases, and postponing some traffic signal projects to save about $950,000.

Council members also discussed grant-dependent projects. Staff reported the RAISE grant for the manufacturing-drive and Bluff projects is currently paused at the federal level, which could leave the city roughly $7.5 million short of a $15 million commitment in a worst-case scenario if grant reimbursements remain on hold. Staff said the overall corridor project exceeds $40 million and that the city has already invested in design work that could be reimbursed when federal obligations resume.

Several councilors urged that the CIP team be given a firm spending limit before the detailed project prioritization begins: suggestions ranged from taking 10% off the top to setting a fixed dollar cap and letting department leads re-prioritize projects within that target. Council members asked staff to prepare levy projections and to return with a pre-budget discussion so councilors could set a firm ceiling before staff fleshed out the final project list.

The council reached a final vote to adopt the resolution as presented; the item was adopted by roll call.","The Clinton City Council adopted a $15.27 million-plus capital improvement plan for fiscal year 2026 after extended debate about borrowing levels, potential cuts of roughly $1 million, and the prospect of next year's levy increasing by about $2 per $1,000 of assessed value if valuations hold steady.","actionData","errors"]

Article not found

Council approves contracts, bonds, grants and community contributions in consent and action items

Council sets March 25 public hearing for Hobo Renewable Diesel development agreement after presentation of site, jobs and infrastructure commitments

Clinton City Council adopts FY2026 capital improvement plan amid debate over borrowing and property tax impacts