OTHERPENDING

City of Monroe Agenda Packet 2026-05-26

Project Clear Development Pact with Scannell Proposed

Reimbursement up to $4,500,000 for public infrastructure costs; 75% CRA tax abatement for 15 years (future)Town of MonroeSCANNELL PROPERTIES #787 LLCMay 25, 2026

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Description

Monroe Council is considering a development agreement with Scannell Properties #787, LLC for Project Clear, a 390,000-square-foot food distribution facility at 4850 Butler Warren County Line Road. The deal provides up to $4.5 million in TIF-funded infrastructure reimbursement and anticipates a 75% CRA tax abatement for 15 years.

Contract Details

Contract Amount

Reimbursement up to $4,500,000 for public infrastructure costs; 75% CRA tax abatement for 15 years (future)

Vendor

SCANNELL PROPERTIES #787 LLC

Agency

Town of Monroe, OH

Contract Type

OTHER

Document Date

May 25, 2026

Contract Term

Infrastructure reimbursement through TIF revenues; CRA abatement term 15 years (planned)

Renewal Info

CRA Agreement anticipated to grant 75% abatement for 15 years; development agreement includes TIF reimbursement capped at $4.5 million from available revenues.