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Monroe council approves pre-negotiated land sale to solar firm Pure Power Contractors
Summary
City council approved a pre-negotiated sale of roughly 18.5 acres in Monroe Corporate Center to Pure Power Contractors, which plans to relocate its headquarters, retain 162 employees and add about 100 more over five years; projected capital investment: $7–$10 million.
Monroe City Council on Nov. 25 approved a pre-negotiated sale of about 18.52 acres in Monroe Corporate Center to Pure Power Contractors, a photovoltaic design and solar-power contracting company that said it intends to relocate its headquarters to the city.
Teresa Campo, introducing the item, said Pure Power submitted a letter of intent to purchase the property at a sale price transcribed as $1,400,000 and that staff recommended the sale and authorization for the city manager to execute closing documents. "They currently employ 162 employees and are looking to relocate their headquarters here to Monroe," Campo said during the presentation.
Justin Taylor, identified in the meeting as the company's founder and president, told council the company's average base salary "is at 93,000 on average throughout the company," and said Pure Power operates electrical and solar apprenticeship programs and plans partnerships with South Piedmont Community College to recruit and train local workers.
City materials presented at the meeting listed projected capital improvements on the property at $7–$10 million and the company’s stated intention to retain its existing workforce and hire an additional roughly 100 employees within five years. Councilor questions focused on job skill levels and apprenticeships; Taylor said the company employs a range of roles from foremen to project managers and VPs and that it sponsors apprenticeship cohorts across multiple local firms.
Council moved to adopt a resolution approving the pre-negotiated sale "subject to compliance with requirements and provisions of the program and applicable laws and regulation," and to authorize the city manager to execute necessary closing documents. The motion was seconded and called for a vote. The council recorded the motion and authorization during the meeting.
Next steps noted by staff include completion of closing documents and compliance checks before the transaction is finalized.
