Oklahoma § 62-873 - Designation of rural housing incentive districts Authority of municipality or county - Findings and determinations Review by Executive Director of Oklahoma Housing Finance Agency

§ 62-873. Designation of rural housing incentive districts Authority of municipality or county - Findings and determinations Review by Executive Director of Oklahoma Housing Finance Agency

A. The governing body of any municipality or county is hereby

authorized to designate rural housing incentive districts within

such municipality or county. Any municipal governing body may

designate one or more such districts in such municipality, and any

county governing body may designate one or more such districts in

any part of the unincorporated territory of such county. Prior to

making such a designation, the governing body shall conduct a

housing needs analysis to determine what, if any, housing needs

exist within its community. After conducting the analysis, the

governing body shall adopt a resolution containing a legal

description of the proposed district, a map depicting the existing

parcels of real estate in the proposed district, and a statement of

the following findings and determinations:

1. There is a shortage of quality housing of various price

ranges in the municipality or county despite the best efforts of

public and private housing developers;

2. The shortage of quality housing can be expected to persist

and additional financial incentives are necessary in order to

encourage the private sector to construct or renovate housing in the

municipality or county;

Oklahoma Statutes - Title 62. Public Finance

3. The shortage of quality housing is a substantial deterrent

to the future economic growth and development of such municipality

or county; and

4. The future economic well-being of the municipality or county

depends on the governing body providing additional incentives for

the construction or renovation of quality housing in such

municipality or county.

B. The resolution containing the findings contained in

subsection A of this section shall be published at least once in a

legal newspaper of general circulation within the municipality or

county.

C. Upon publication of the resolution as provided in subsection

B of this section, the governing body shall send a certified copy of

the resolution to the Executive Director of the Oklahoma Housing

Finance Agency, requesting that the Executive Director review the

resolution and advise the governing body whether he or she agrees

with the findings contained therein. If the Executive Director

advises the governing body in writing that he or she agrees with

each of the findings of the governing body, the governing body may

proceed to establish the district as set forth in the Oklahoma Rural

Housing Incentive District Act. If the Executive Director fails to

agree with the findings, the Executive Director shall advise the

governing body in writing of the specific reasons therefor.

Added by Laws 1999, c. 140, § 4, eff. Nov. 1, 1999.