City of McAlester recently issued the following announcement.
NOTICE OF PUBLIC HEARINGS
Notice is hereby given pursuant to 62 O.S. §859, that The City of McAlester, Oklahoma will hold
two (2) public hearings regarding the proposed adoption of a project plan and creation of a tax increment
financing (TIF) district within the City.
The first public hearing will be held on July 16, 2018 at 6:00 p.m. in the Council Chambers of
the McAlester City Hall, located at 28 E. Washington Avenue, McAlester, Oklahoma 74501.
Pursuant to 62 O.S. §859(B)(3), the first public hearing shall be for information and questions purposes
only, persons will be given an opportunity to be heard at the second public hearing before any votes are
taken. The primary purpose of the first hearing will be to provide information and to answer questions,
which shall include, but not be limited to, an analysis of the positive or negative impacts which may result
from the adoption of the proposed tax increment financing district project plan. At this public hearing a
representative of the City shall present the proposed plan and answer questions from any interested
The second public hearing will be held during the regularly scheduled McAlester City Council
meeting on July 24, 2018 at 6:00 p.m. in the Council Chambers of the McAlester City Hall, located
at 28 E. Washington Avenue, McAlester, Oklahoma 74501. The primary purpose of the second public
hearing shall be to give any interested persons the opportunity to express their views on the proposed plan
or amendment thereto, before any vote is taken.
Complete copies of the proposed project plan are available to the public on the City’s
website: http://www.cityofmcalester.com and are also available in the office of the McAlester City
Clerk, at 28 E. Washington Avenue, McAlester, Oklahoma 74501, you can also request a copy from
the McAlester City Clerk at (918) 423-9300.
The proposed project plan and tax increment financing district would capture and reinvest up to
ninety percent (90%) of sales tax revenue generated within the project area for improvements within the
project area. This plan does not increase the existing sales tax rate, and does not capture or redirect ad
valorem taxes. It is proposed to begin on the date the first retail sale occurs within the project area, and
would terminate when it has generated $5,500,000.00, or for a period of sixty (60) months whichever
Original source: http://www.cityofmcalester.com/CivicAlerts/SingleAlertItem?Mobile=ON&alertID=145