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On December 12, 2017 at 7:00 P.M., at Bethany City Hall, 6700 N.W. 36th Street, Bethany, Oklahoma, the City Council of the City of Bethany will conduct the first public hearing to consider a presentation of the Project Plan for creation of Bethany Tax Increment Financing District No. 1, which is 8 acres, more or less, located on the south side of NW 39th Expressway and bounded on the west by Overholser Drive, in Bethany, Oklahoma; the legal description of the boundaries of the Tax Increment Financing District in Oklahoma County, Oklahoma is attached to this notice as Exhibit A.
A copy of the proposed Project Plan for Bethany Tax Increment Financing District No. 1, including proposed project costs and sources of tax increment revenue to be used for public assistance for the project is on file in the office of the City Manager of the City of Bethany at Bethany City Hall, available for public inspection during normal hours of City Hall operation; the Project Plan is attached to this notice as Exhibit B. A map showing the boundaries of the Tax Increment District, current development on the property and a drawing depicting the layout of the proposed development under the project plan are also attached to this notice as Exhibit C.
The first public hearing will be for the presentation of the plan to the public and to answer questions and to describe the potential positive impacts which may result from adoption of the plan. At the second public hearing persons will be given an opportunity to be heard on their views before any vote is taken to adopt the project plan and create Bethany Tax Increment Financing District No. 1.
After the first public hearing by the Bethany City Council a second public hearing will also be conducted by the City Council on December 19, 2017 at 7:30 P.M. at Bethany City Hall, 6700 N.W. 36th Street, Bethany, Oklahoma. The second public hearing will be to give any interested persons the opportunity to express their views on the feasibility or desirability of adoption of the project plan and Bethany Tax Increment Financing District NO. 1.
Interested persons are urged to attend both public hearing and express their views and obtain answers to their questions.