Oklahoma § 62-855 - Review committees - Recommendations concerning proposed

§ 62-855. Review committees - Recommendations concerning proposed

district, plan or projects - Approval by governing body.

Oklahoma Statutes - Title 62. Public Finance

A. Prior to the adoption and approval of a project plan

and the ordinance or resolution required under Section

856 of this title and prior to the public hearing required

under Section 859 of this title, the governing body shall

appoint a review committee to review and make a

recommendation concerning the proposed district, plan

or project. The membership of the review committee

shall consist of the following: a representative of the

governing body who shall serve as chairperson; a

representative of the planning commission having

jurisdiction over the proposed district; a representative

designated by each taxing jurisdiction within the

proposed district whose ad valorem taxes might be

impacted according to the plan; and three members

representing the public at large and selected by the other

committee members from a list of seven names submitted

by the chairperson of the review committee; provided, at

least one of the members representing the public at large

shall be a representative of the business community in the

city, town, or county considering the proposed plan and

project, and if a proposed plan objective is development

of principally commercial retail, such representative shall

be either a retailer or a representative of a retail

organization.

B. The review committee shall consider and make its findings

and recommendations to the governing body with respect to the

conditions establishing the eligibility of the proposed district.

The review committee recommendations shall include the analysis used

to project revenues over the life of the project plan, the effect on

Oklahoma Statutes - Title 62. Public Finance

the taxing entities and the appropriateness of the approval of the

proposed plan and project. The review committee may recommend that

the project plan be approved, denied or approved subject to

conditions set forth by the committee.

C. Prior to approval by the governing body, the review

committee shall consider and determine whether the proposed plan and

project will have a financial impact on any taxing jurisdiction and

business activities within the proposed district and shall report

its findings to the governing body. Such considerations shall be

concurrent with or subsequent to the review and consideration of the

committee provided for in subsection B of this section. The

approval of any district plan or project by the governing body shall

address any findings of such impact by the review committee.

D. In the event of any changes in the area to be included in

the proposed district or any substantial changes in the proposed

plan and project or for any other reason deemed appropriate by the

governing body, the review committee shall consider and may modify

its findings and recommendations made pursuant to the provisions of

subsection B of this section.

E. Approval of the proposed district or the proposed plan or

project by the governing body which is in accord with the

recommendation of the review committee shall be by a majority vote

of the governing body. Such approval which is not in accord with

the recommendations and/or conditions set forth by the review

committee shall be by a two-thirds (2/3) majority vote.

F. Meetings of the review committee shall be subject to the

Oklahoma Open Meeting Act. Any information relating to the

marketing plans, financial statements, trade secrets or any other

proprietary information submitted to the review committee by a

person or entity seeking adoption and approval of a proposed

district, plan or project shall be confidential, except to the

extent that the person or entity which provided the information

consents to disclosure. Executive sessions may be held to discuss

such information if deemed necessary by the review committee.

Added by Laws 1992, c. 342, § 6. Amended by Laws 1993, c. 69, § 2,

eff. Sept. 1, 1993; Laws 2003, c. 255, § 3, eff. Nov. 1, 2003; Laws

2015, c. 381, § 1, eff. Nov. 1, 2015.