Title
RESOLUTION R-1718-97: A JOINT RESOLUTION OF THE COUNCIL OF THE CITY OF NORMAN AND THE NORMAN TAX INCREMENT FINANCE AUTHORITY ADOPTING A POLICY GUIDE FOR THE IMPLEMENTATION OF THE NORMAN CENTER CITY PROJECT PLAN
Body
BACKGROUND: The Center City Form Based Code ("CCFBC") was adopted by the City Council at its meeting on May 23, 2017 to codify the goals and objectives of the Center City Vision. The City Council adopted the Norman Center City Project Plan ("Project Plan") and Tax Increment Finance District No. 3 ("Center City TIF") on December 19, 2017, to provide a financing tool to help with the implementation of the CCFBC. On December 20, 2017, the Community Planning and Transportation Committee (CP&T) met to discuss implementation strategies. The CP&T Committee met again on January 25, 2018, to review a draft Policy Guide presented by Attorney Emily K. Pomeroy of the Center for Economic Development Law (CEDL). After reviewing the draft and recommending revisions, CP&T Committee recommended the Policy Guide be moved forward for full Council review. At its February 13, 2018 City Council Special Session, the Council reviewed the revised Policy Guide. The Council made additional suggested revisions. Attached is the proposed revised Policy Guide for implementation of the Norman City Center Project Plan and Tax Increment Finance District No. 3.
DISCUSSION: The CCFBC recognizes that the area identified as Center City is a unique area of Norman. It promotes mixed uses and increased density in certain locations, a broader range of housing options, and an improved connection between Downtown Norman and the University of Oklahoma. This improved connection will increase walkability, promote biking, and result in a "park once" environment. The Project Plan authorizes $44,000,000 in Project Costs, primarily utilizing the Johnson & Associates Infrastructure Analysis as recommended public infrastructure costs to accommodate the implementation of the CCFBC,...
Click here for full text