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City of Monroe Agenda Packet 2026-05-26

Corridor 75 Park Land Deal in Project Clear Pact

Reimbursement up to $4,500,000 for public infrastructure costs; 75% CRA tax abatement affecting property (future)Town of MonroeCORRIDOR 75 PARK LTDMay 25, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

Monroe plans to enter a development agreement including Corridor 75 Park, LTD as land seller for Project Clear, enabling public infrastructure improvements supported by up to $4.5 million in TIF reimbursements. The associated project is expected to benefit from a 75% CRA tax abatement on improvements for 15 years.

Contract Details

Contract Amount

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

Vendor

CORRIDOR 75 PARK LTD

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 abatement planned for 15 years; development agreement coordinates land dedication and TIF-backed reimbursements.

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