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County reviews TIF reimbursements and a proposal to sell mineral rights; no sale action taken
Summary
Oklahoma County staff briefed commissioners on tax-increment financing reimbursements, capital project lists and a company request to buy county mineral rights; commissioners received the report and did not move to sell mineral rights.
County staff briefed the Public Improvements and Infrastructure Committee on Tax Increment Financing (TIF) reimbursements and the county’s capital improvements list and discussed a request from a private company to purchase mineral rights beneath county lands.
Staff said some TIF arrangements with a city provide for reimbursements to the county on certain projects. The committee was told TIF 2 has approximately $200,000 remaining in anticipated…
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