Spokane City Council Urban Experience Committee Agenda Packet 2026-05-18
Council to approve Pavement to People deal on Monroe
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Description
City Council will consider a Pavement to People conditional agreement with Millennium Monroe LLC to support 43 workforce housing units at 2002 N Monroe via a state sales and use tax deferral. The program is intended to spur redevelopment of underutilized urban land into mixed‑income housing.
Contract Details
Vendor
MILLENNIUM MONROE LLC
Agency
City of Spokane, WA
Contract Type
FINANCIAL_SERVICES
Document Date
May 18, 2026
Contract Term
Pavement to People conditional agreement duration tied to construction completion within three years plus possible 24‑month extension and 10‑year reporting period from certificate of occupancy
Renewal Info
After construction and issuance of a final certificate, the tax deferral runs with the property for the statutory period, subject to annual performance reporting; changes in use may trigger repayment of deferred taxes per Chapter 82.92 RCW.
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