Committee advances draft ordinance setting criteria for TIF districts, including $50,000 threshold for studies
Attorney Catherine Walker presented a draft ordinance to add TIF district criteria to Chapter 12, proposing a $50,000 threshold above which applicants must supply market feasibility and cost-benefit analyses, and recommending requirements for outreach, stakeholder committees, and incentives for mixed housing and active transportation.
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Attorney Catherine Walker presented a draft ordinance to the City of Norman Council Oversight Committee that would add criteria for establishing Tax Increment Financing (TIF) districts to Chapter 12 of the city code.
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