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Council tables sale of Monroe Corporate Center land to SECO to Oct. 28 and delays incentive decision
Summary
Council voted to table a public hearing and action on the proposed sale of 20.21 acres in the Monroe Corporate Center to Southern Electrical Equipment Company, LLC (SECO), and to amend an incentive grant for a related expansion, until Oct. 28 without further advertising.
Monroe City Council on Sept. 23 voted to table a public hearing and related action on the proposed sale of roughly 20.21 acres in the Monroe Corporate Center to Southern Electrical Equipment Company, LLC (SECO) for economic development purposes and to delay consideration of an incentive-amendment for the Homecoming 2 expansion project until the Oct. 28 council meeting "without further advertising."
The council motion put the item on the Oct. 28 agenda to allow additional review; city staff and the economic development presenter asked for the tabling to permit further work on the sale terms and incentive modification. The motion to table was made and seconded on the council floor and approved by voice vote; the transcript did not include a roll-call vote tally.
No further substantive details about the purchase price, incentive amendments, or contractual terms were presented during the Sept. 23 meeting. The item will return to a future meeting for public hearing and possible action; council did not set additional conditions in the tabling motion recorded in the transcript.
