The Enid News and Eagle, Enid, OK

Local and State News

July 16, 2013

City declines to buy hangar

PEGASYS gets $185,000 for operations, money to relocate

(Continued)

ENID, Okla. — Agenda items approved

In other business, the commission approved amending the current budget to reflect expenditures approved last year amounting to nearly $13 million for streets, stormwater improvements and Enid Renaissance Project, among other infrastructure items.

The city also will levy an additional $46,685 from the ad valorem tax rolls to pay out a workers’ compensation judgment from a 2006 injury suffered by a former employee.

More than $30,000 set aside but unused for the 2006 Southgate Road Improvement Project was canceled, and the commission authorized Cole & Reed P.C. to audit the city’s finances for the fiscal year ending June 2013.

Commissioners also approved previously budgeted program funding to Leonardo’s Discovery Warehouse, Youth and Family Services of North Central Oklahoma, Booker T. Washington Community Center and Main Street Enid.

Broadway Tower

A planned boutique hotel that could have rooms ready by Christmas will be asking for an incentive from the city, the developer told the commission during an informal study session before the meeting.

B.H. Tower LLC, owned by Johnny Peart, bought the tower in December 2012. Peart said he will have more than 70 hotel rooms, office space, restaurants and retail shops when renovations are complete.

The cost of renovation will be about $2 million, he said. The incentive agreement could be worth $236,000, and would take 1.5 percent of the taxable sales from room rentals and send them back to the company.

The rebate would not take funds from hotel/motel tax revenue, but rather sales tax revenue.

Peart said he is not concerned that the Broadway Tower Hotel will be near another downtown hotel — the one being built by the LodgeWell Group — mainly because his hotel will be a tourist attraction not tied to Enid Event Center.

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