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RESOLUTION R-1819-45: A RESOLUTION OF THE COUNCIL OF THE CITY OF NORMAN REQUESTING A RECOMMENDATION FROM THE STATUTORY REVIEW COMMITTEE OF HOW TO END THE UNIVERSITY NORTH PARK TAX INCREMENT FINANCING (UNP TIF) PROJECT COST FUNDING MECHANISM UTILIZING SALES TAX INCREMENT AS SOON AS POSSIBLE WITHOUT DAMAGING WHAT BENEFIT THE NORMAN PUBLIC SCHOOLS MIGHT BE RECEIVING IN STATE SCHOOL FUNDING BY VIRTUE OF THE UNP TIF DISTRICT.
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BACKGROUND: The UNP TIF District was approved by City Council after a citizen committee process where sixteen Norman Citizens were appointed on June 28, 2005, to review the proposal made by representatives of OU and developers of the Project. Citizens serving on the committee included the following: Doug Cubberley (co-chair); Marc Nuttle (co-chair); Trey Bates; Joyce Collard; John Hancock; Nick Hathaway; Steve Lucas; Gene McKown; Clark Mitchell; Sharon Parker; Gail Poole; Sean Rieger; Richard Ryan; Bob Thompson (former Mayor); Chuck Thompson; and Lyntha Wesner. The Citizen Committee met intensively for two months and submitted its 10 page report to City Council in September of 2005. (Citizen Committee Report)
Following citizen review and vetting of the proposal, the proposed Project Plan was submitted to a Statutory Review Committee as required by Oklahoma Statutes to allow the potentially affected ad valorem taxing jurisdictions to make recommendations regarding the proposal. The ad valorem taxing jurisdictions include the Norman Public Schools, Cleveland County, County Health Department, Moore-Norman Technology Center, and the Pioneer Library System, the Mayor, a representative of the Planning Commission, as well as three citizen members elected at large. In 2006, those elected at large citizens were Gene McKown, Marc Nuttle, and Chuck Thompson. The recommendation from the Statutory Review Committee recommended creation of a twenty-five (25) year development plan that allowed investment of up to $54.75 million in increment...
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