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Moore council adopts Vernor tax-increment financing project plan
Summary
The Moore City Council approved an ordinance adopting the Vernor Economic Development Project Plan to establish three tax-increment financing districts (A, B and C), authorizing the Moore Economic Development Authority to administer the plan. Council noted the developer had already broken ground.
The Moore City Council on May 4 approved an ordinance adopting the Vernor Economic Development Project Plan and establishing three ad valorem tax-increment financing (TIF) districts, A, B and C, under the Oklahoma Land Development Act.
Staff had held a second public hearing on the plan; no members of the public signed up to speak. Staff (speaker 5) told…
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