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Council adopts Southern Villa economic development plan and approves stormwater budget transfers
Summary
The council voted to adopt the Southern Villa District economic development plan under the Oklahoma Local Development Act and approved related ordinances and fiscal-year budget transfers, including two transfers totaling about $2.56 million for stormwater capital projects.
The Tulsa City Council adopted an economic development plan for the Southern Villa District and approved related ordinances and budget transfers affecting stormwater capital projects.
Ordinance and legal basis: The council approved an ordinance "approving and adopting the Southern Villa District economic development plan pursuant to [the] Oklahoma Local Development Act," establishing three new ad valorem and sales tax increment districts as outlined in…
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