City of Lawton - File #: 24-2194

• File #: 24-2194
• Version: 1
• Type: New Business- Ordinance
• Status: Agenda Ready
• File created: 12/2/2024
• In control: City Council
• On agenda: 12/10/2024
• Title: Consider an ordinance repealing Article 10-20 of Chapter 10, Lawton City Code, in its entirety and replacing it with the enactment of Sections 10-20-101 through 10-20-171 by approving and adopting the Second Amended Skills Training, Education, Development, and Investment (STEDI) Project Plan; designating and adopting the Project Area and increment district boundaries; establishing a date for the creation of Increment District No. Five, City of Lawton; establishing a date for the creation of Increment District No. Six, City of Lawton; identifying and establishing tax increment districts temporarily designated as Increment Districts No. “A”, “B”, “Ca”, “Cb”, “Da” “Db”, “E”, “Fa”, “Fb”, “G”, “Ha”, “Hb”, “I”, “J”, “K”, “M”, “N”, “O”, “P”, Q”, “R”, “S”, “T”, and “U”, City of Lawton; deferring their numbering and effective date; establishing the City of Lawton as the principal entity to carry out and administer the project plan; authorizing and designating the Lawton Economic Development Au...

ITEM TITLE:

Consider an ordinance repealing Article 10-20 of Chapter 10, Lawton City Code, in its entirety and replacing it with the enactment of Sections 10-20-101 through 10-20-171 by approving and adopting the Second Amended Skills Training, Education, Development, and Investment (STEDI) Project Plan; designating and adopting the Project Area and increment district boundaries; establishing a date for the creation of Increment District No. Five, City of Lawton; establishing a date for the creation of Increment District No. Six, City of Lawton; identifying and establishing tax increment districts temporarily designated as Increment Districts No. "A", "B", "Ca", "Cb", "Da" "Db", "E", "Fa", "Fb", "G", "Ha", "Hb", "I", "J", "K", "M", "N", "O", "P", Q", "R", "S", "T", and "U", City of Lawton; deferring their numbering and effective date; establishing the City of Lawton as the principal entity to carry out and administer the project plan; authorizing and designating the Lawton Economic Development Authority to carry out implementation actions for the project; establishing a tax apportionment fund; declaring apportioned funds to be funds of the Lawton Economic Development Authority; authorizing the use of ad valorem and sales tax increment revenues for the payment or financing of certain project costs; authorizing the Lawton Economic Development Authority to pledge the apportioned increments to repayment of debt; establishing plan objectives and implementation procedures; authorizing the use of other resources to pay for or finance project costs; authorizing the Lawton Economic Development Authority to issue bonds and carry out certain provisions of the project plan; ratifying and confirming the actions of, and acknowledging the recommendations and findings of the review committee and the planning commission; directing continuing apportionment; providing for severability; providing for codification; and declaring an emergency.

INITIATOR: Stanley Booker, Mayor

STAF...