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Mount Clemens approves 16‑year PILOT and $30,000 MSA for Edison Crossing 1
Summary
The Mount Clemens City Commission approved a 16‑year, 6% payment‑in‑lieu‑of‑taxes (PILOT) and a $30,000‑per‑year municipal services agreement (MSA) for the Edison Crossing 1 housing project after staff analysis showed the city would gain revenue though other taxing jurisdictions would receive less.
The Mount Clemens City Commission on Dec. 21 approved a developer request for a 16‑year, 6% payment‑in‑lieu‑of‑taxes (PILOT) and a $30,000‑per‑year municipal services agreement for Edison Crossing 1, a housing project that received site plan approval and state housing tax credits.
City Manager Johnson briefed the commission that Woda Cooper received site‑plan approval and MSHDA housing tax credits and formally requested the PILOT and MSA. Johnson said the agenda packet included an analysis showing the city would receive more revenue under the PILOT+MSA than under ad valorem taxes — roughly $15,000 more per…
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