More details about future of Serta Simmons building in Clear Lake could be released tonight

CLEAR LAKE — We could find out more tonight about what’s in store for the former Serta Simmons building in Clear Lake.

Back in July, North Iowa Corridor Economic Development Corporation CEO Chad Schreck told the Clear Lake City Council that the building had been sold to an unnamed company after closing in April. Schreck said at the time he could not name the new owner, but stated it would be a light industrial manufacturer with about 35-to-50 new jobs in the first year with job growth as things develop.

The Clear Lake City Council tonight is being asked to make some amendments to the city’s Consolidated Urban Renewal Area Plan & TIF Districts to incorporate the former Serta building’s property tax rebate agreement as well as other projects including: the 700 block of Buddy Holly Place Alley Improvements; Starboard Square Leasehold Improvements Forgivable Loan; and the Pritchard’s Innovation Center & Lake Lifestyles Property Tax Rebate Agreement.

The council will hold a public hearing and vote on the measure during their meeting tonight starting at 6 o’clock at City Hall.