CLEAR LAKE, Iowa – City council moved forward Monday night on two major economic development projects in Clear Lake.
Council held a public hearing on October 4 on the incentives for a warehouse project that would transform the former five-star co-op building on Main Avenue into a dry goods warehouse that would be leased to Greenlee Corrugated Solutions. The project would add a projected value of $ 1.5 million to the building and result in the hiring of six to ten employees.
Greenlee Corrugated Solutions provides corrugated cardboard packaging for large businesses. Clear Lake would give the project property tax exemptions and storm sewer improvement offsets.
City Council also approved an additional incentive for 47,000 square foot commercial and retail development in the Willow Creek Urban Renewal Area. Construction on the $ 8 million project is scheduled to begin in April 2022 and end in August 2023. Council voted for additional compensation of $ 200,000 for water and storm sewer upgrades.
In addition, council also voted on Monday to approve plans for an application for listing on the National Register of Historic Places for the Clear Lake seawall. The application would be part of a dike rehabilitation project, which was originally built in the 1930s.