DOWNTOWN/ MAPS TAX INCREMENT REVIEW COMMITTEE

­SPECIAL MEETING­ DOWNTOWN/MAPS TAX INCREMENT REVIEW COMMITTEE AGENDA July 12, 2022 11:00 AM COMMITTEE MEMBERS: Ronald J. Norick, Chairman Butch Freeman, Vice Chairman Scott Randall, Oklahoma City Public Schools Craig Woodruff, Metropolitan Library Dr. Patrick McGough, Oklahoma City/County Health Aaron Collins, Metro Technology Center Nick Gales, Planning Commission Chris Kauffman, At­Large Member Dick Stubbs, At­Large Member Bill Warren, At­Large Member 431 W. Main, EMBARK Large Conference Room ­SPECIAL MEETING­ DOWNTOWN/MAPS TAX INCREMENT REVIEW COMMITTEE July 12, 2022 11:00 AM I. Call to Order II. Approval of Minutes of the March 25, 2022 Downtown/Maps Tax Increment Review Committee III. TIF Districts #2, #3, #8 & #10 Project and Financial Status Report IV. Resolution of the Downtown/MAPS Tax Increment Review Committee recommending approval of an allocation not to exceed a total of $975,000; with $325,000 of that total amount allocated from Increment District No. 2’s Hotels/Commercial Developments Budget Category to pay the developer seventy­five percent (75%) of the actual ad valorem taxes paid each year by developer after a certificate of occupancy is issued and through the remaining life 431 W. Main, EMBARK Large Conference Room ­SPECIAL MEETING­ DOWNTOWN/MAPS TAX INCREMENT REVIEW COMMITTEE July 12, 2022 11:00 AM I. Call to Order II. Approval of Minutes of the March 25, 2022 Downtown/Maps Tax Increment Review Committee III. TIF Districts #2, #3, #8 & #10 Project and Financial Status Report IV. Resolution of the Downtown/MAPS Tax Increment Review Committee recommending approval of an allocation not to exceed a total of $975,000; with $325,000 of that total amount allocated from Increment District No. 2’s Hotels/Commercial Developments Budget Category to pay the developer seventy­five percent (75%) of the actual ad valorem taxes paid each year by developer after a certificate of occupancy is issued and through the remaining life of Increment District No. 2 up to a maximum of $325,000; and $650,000 of that total amount allocated from Increment District No. 8’s Other Economic Developments Budget Category for Assistance in Development Financing to close a gap in financing costs for the Public Strategies relocation project; with all of said funds being used specifically for qualified infrastructure improvements and utility upgrade costs because the project meets the objectives of the Amended and Restated Downtown/MAPS Economic Development Project Plan dated September 14, 2021, and there is adequate funding available. V. Comments from Committee Members, Staff and Citizens VI. Adjournment