Members of another Tax Increment Finance Committee were named by the Enid City Commission Tuesday night.

Members will determine whether a TIF district should be created to aid in the construction of a second ethanol plant in Enid.

One TIF district already has been approved to help finance construction of an ethanol plant for Oklahoma Ethanol at 16th and Willow.

The new TIF, if approved, would help construction of an ethanol plant by SNB Associates, of Pratt, Kan. It would be built at 30th and Willow.

A TIF district establishes an area in which increased ad valorem taxes will be delayed for a specific period of time. Those funds will be used to help defray construction costs of the improvement, in this case SNB’s ethanol plant. In the meantime, the tax-receiving agencies will continue to receive taxes at the current ad valorem rate. At the end of the TIF district time, the plant will pay out normal ad valorem taxes.

Ward 5 City Commissioner John Hodgden was named to represent the city commission on the new TIF Committee. Hodgden was chairman of the previous TIF review committee.

Also appointed were John Merz, representing the Enid Planning Commission; County Assessor Wade Patterson, representing Garfield County; John Cromwell, representing the county Health Department; John Loewen, representing Pioneer-Pleasant Vale Public Schools; and Jim Strate, representing Autry Technology Center.

In other business, commissioners voted — after considerable discussion — to pay a $640,000 court levy in favor of KM Property from the stormwater fund, rather than place it on the tax rolls.

The payment will settle a case with KM Properties over the price of property condemned for a water retention project in 2002. The city originally offered $178,972 for the property, but KM Properties disputed the amount and settled with the city for an additional $640,000, bringing the total paid for the property to $818,972.

There were two items under the administration portion of Tuesday’s agenda dealing with the matter. One would have paid the money from the city’s sinking fund, thus placing it on the tax rolls. The other called for payment from the stormwater fund.

The judgment must be paid by May 5.

Hodgden made the motion to take money from the stormwater fund to pay the judgment.

Ward 6 Commissioner Todd Ging suggested the funds come from the sinking fund because of urgent needs by the city for the money in the stormwater fund.

Commissioners also approved an emergency resolution amending the city’s 2005-06 street improvement fund. The arterial street improvement program is ready for bid, and the adjusted budget amount is $2,094,136.

Finance Director Jerald Gilbert said about $1.9 million has been spent or encumbered on arterial work this year, and $830,000 is needed to bid the 2006 arterial street resurfacing program.

React to this story:


Recommended for you