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Council advances 75 Scott Street redevelopment: first readings set, staff outlines PILOT terms
Summary
Council approved first readings for two ordinances related to the 75 Scott Street redevelopment: a payment-in-lieu-of-taxes (PILOT) ordinance tied to an LIHTC project (Ordinance 25-007) and amendments to the Scott Street Planned Unit Development design standards (Ordinance 25-006). Council set a second-reading/public hearing for Sept. 29, 2025.
Monroe City Council placed on first reading two ordinances related to the proposed redevelopment of the former fire station site at 75 Scott Street, which would be developed as a 46-unit rental project financed in part through the Low-Income Housing Tax Credit (LIHTC) program.
Director Mark Cochran reviewed the proposal from developer Woda Cooper: 46 apartments (24 one-bedroom and 22 two-bedroom units) to be supported by the LIHTC program. Under the proposed…
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