The Norman Transcript


December 11, 2013

Norman City Council votes 8-1 for job development measure in North Park TIF district



The TIF works by setting aside a portion of the sales tax and ad valorem tax generated by the new business coming to Norman in the district to pay for the infrastructure to support that business development.

Once the infrastructure and the park are complete and all debts related to the development are paid off, the full tax amounts will revert to the partnering entities that benefit from those taxes.

In the meantime, a portion of the sales taxes still are going straight into the city's general fund — $2.1 million last year alone — and some property taxes are still going to the schools.

Additionally, all of the Public Safety Sales Tax money is paid to that city fund. No PSST money is diverted to the TIF fund.

Prior to establishing the TIF district, public schools and other entities affected by the tax had to agree to have a portion of those future taxes diverted to pay for the development.

Dozens of restaurants and retail stores have filled the area north of Robinson Street along 24th Avenue Northwest. The Embassy Suites Norman Hotel and Conference Center has brought multiple conferences and conventions to the city, and additional hotels being built near the Embassy Suites will expand the conference opportunities available for Norman, stakeholders said.

On the north end of the development, the NEDC purchased land from the UNP developer — the OU Foundation and its subsidiaries — at below-market prices in an effort to provide incentive tools for attracting employers to Norman who meet the criteria of the Oklahoma Quality Jobs Act, according to city staff notes.

The NEDC has received a grant from the Economic Development Authority to help with the cost of the business park development and infrastructure.

“We believe a bid for the infrastructure should be go out by the end of this year,” City Attorney Jeff Bryant said during discussions of the item during the city council study session Tuesday.

Text Only | Photo Reprints
  • Shelter construction ongoing; residents voice concerns

    A regular quarterly meeting of the Animal Shelter Oversight Board prompted Norman residents to speak up about more than just a photo release issue Monday night involving Friends of the Animals of Norman volunteers and the city of Norman. ...

    July 30, 2014

  • Breast Care Center will relocate to HealthPlex

    The Norman Regional Health System will move its Breast Care Center to the HealthPlex campus, making it more accessible for patients, hospital officials said Monday. At its monthly board meeting, the Norman Regional Hospital Authority ...

    July 29, 2014

  • Officials say transparency lacking in Wal-Mart zoning

    Norman city staff recently admitted to withholding information from the public regarding a controversial zoning change in southeast Norman. If approved by the city council, the proposal will allow a Wal-Mart supercenter at Cedar Lane and ...

    July 25, 2014

  • Fracking Operation Norman library to host community dialogue about fracking

    Are Oklahoma oil companies an oligarchy that is controlling state policy? Is fracking safe? These and other topics will be the subject of an upcoming Fracking Forum from 7 to 8:30 p.m. Aug. 11 in the Norman Public Library’s Lowry Room, 225 ...

    July 24, 2014 1 Photo

  • City manager calls Moore strong while addressing Chamber

    MOORE — Moore’s City Manager Steve Eddy could have quoted Dickens: “It was the best of times, it was the worst of times.” Eddy, with help from Mayor Glenn Lewis, reported on Tuesday on the State of the City to the Moore Chamber of ...

    July 23, 2014

  • walmart City leaders say ‘yes’ to Wal-Mart supercenter postponement

    Despite complaints that a postponement request was in the eleventh hour, a zoning change in east Norman was put on hold Tuesday night. The proposal to rezone property at Cedar Lane Road between 24th Avenue Southeast and Highway 77 ...

    July 23, 2014 1 Photo

  • Moore City Council paves way for Sam’s Club location

    MOORE — The Moore City Council approved a $5 million bond Tuesday to be repaid with sales tax and utility revenues. “A good amount of street improvements needs to be done,” Moore City Manager Steve Eddy said. “This will be paid for with ...

    July 22, 2014

  • Another brick in the Wal-Mart

    Norman could soon have five Wal-Mart stores, including three supercenters and two neighborhood markets. A proposal for the newest supercenter will come before the Norman City Council at 6:30 p.m. Tuesday via a request for a zoning change on ...

    July 20, 2014

  • Local group celebrates ruling

    A local group, Mothers of Many, expressed its elation with Friday’s 10th Circuit Court ruling striking down Oklahoma’s state ban on same-sex marriage....

    July 20, 2014

  • Leftover loss still hurting

    OKLAHOMA CITY — Cities, counties and school districts remain frozen out of a federal program that has sent millions of dollars worth of trenchers, trailers, semis, bulldozers, boats and forklifts and other equipment over the years....

    July 19, 2014