News Column

2nd public hearing for Bison Trails project on tap for City Council

July 20, 2014

By Kelcey King, Bartlesville Examiner-Enterprise, Okla.



July 20--The second public hearing regarding a proposal for the creation of Tax Increment Financing District No. 9 is scheduled for 7 p.m. Monday during a special meeting of the Bartlesville City Council.

TIF District No. 9 would make way for the Bison Trails Addition -- a proposed housing addition comprised of 31 single-family homes and 292 apartment units. The project previously gained approval from the Metropolitan Area Planning Commission and contains property located east of Bartlesville, bordered by Industrial Boulevard to the north, Bison Road to the east, Bluestem Drive to the west and U.S. Highway 60 to the south.

A TIF district allows ad valorum tax increments, as well as sales tax generated by construction materials delivered within the TIF district, to be captured and used to repay investments made by the City of Bartlesville in private-public partnerships to develop new housing.

A plan for the addition, which was rezoned for residential development last year, was created by Tulsa-based developer Steve Adams of Adams Land LLC as an effort to increase the availability of upscale rental options. According to information provided by Adams, cost per home will range between $275,000 and $325,000, and apartments will cost approximately 90 cents per square foot.

The hearing will provide a chance for citizens to comment on plans for the property. The hearing is scheduled for 7 p.m. Monday in the City Council Chambers at City Hall, located at 401 S. Johnstone Ave.

In related business, the council is expected to consider approval of an ordinance pertaining to the legal requirements concerning the district.

Also on the agenda for Monday are the following items:

-- Change Order No. 1 for the VFD conversion at Circle Mountain and Toalson Water Pump Stations project

-- Present and review the history and development of previous park studies and park development master plans approved by previous City Councils

-- Discus, receive public input and take possible action to review and update the 2009 Park and Recreation Development Plan

The meeting will begin at 7 p.m. Monday in the City Council Chambers at City Hall, located at 401 S. Johnstone Ave. The public is invited to attend.

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(c)2014 the Bartlesville Examiner-Enterprise (Bartlesville, Okla.)

Visit the Bartlesville Examiner-Enterprise (Bartlesville, Okla.) at www.examiner-enterprise.com

Distributed by MCT Information Services


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Source: Examiner-Enterprise (Bartlesville, OK)


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