In the Village of Clear Lake you can enjoy the best of everything from unlimited outdoor recreation activities to an indoor athletic club and fitness center. From several large industrial manufacturers located in our industrial park to the small craft shops located on Main Street., From a great school system providing quality education to a local government that cares about people. Clear Lake offers residents and visitors big-city amenities without losing their small town charm.The Village has two active Tax Incremental Finance Districts (TID), TID #2 and #3. TID #2 is an industrial District on the west side of the Village that was created in 1999 and has a 23 year life so it can exist until 2022. TID #3 is a blighted District that covers most of the downtown and along 5th Street. This district was created in 2003 and has a 27 year life, so it can be active until 2030.
The Village is allowed to put up to 12% of the Village’s equalized value in the creation of new TIDs plus the increment of all their active TIDs. As of 2007, the Village has 6.38% of their equalized value in their active TIDs. Therefore, the Village would have Clear Lake room to create more Districts if needed without dissolving any of the existing TIDs.
They offer TIF funding to developers. They also utilize regional planning for facade and microloans.