Broken Arrow City Council
Meeting of: 05-06-2025
Title:
title
Consideration, discussion and possible approval and execution of a Resolution No.1654 creating, naming, and establishing the commencement date for Increment District No. 6, City of Broken Arrow; ratifying and confirming the Ordinance of the City Council of the City of Broken Arrow, Oklahoma, providing for severability; and containing other provisions related thereto
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Background:
Resolution No. 1654 is creating, naming and establishing the commencement date for Increment District #6. In accordance with the requirements of the Act and as contemplated by Section 4 of the TIF Ordinance, the City hereby determines that the Increment District referred to therein shall be named “Increment District No. 6, City of Broken Arrow” and said Increment District is hereby created with an effective date of July 1, 2025 (referred to as the “Commencement Date”), and a termination date of June 30, 2050 (referred to as the “Expiration Date”), said Expiration Date representing a period not to exceed twenty-five (25) full fiscal years following the Commencement Date. All other provisions of the TIF Ordinance are hereby ratified and confirmed
Cost: N/A
Funding Source: N/A
Requested By: Cynthia S. Arnold, Finance Director
Approved By: City Manager’s Office
Attachments: Resolution No. 1654
Recommendation:
recommend
Approve Resolution No. 1654 and authorize its execution.
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