(Published in The Norman Transcript August 14, 2016, 1t) NOTICE OF HEARING AS TO THE FILING OF THE 2017 UNIVERSITY NORTH PARK BUSINESS IMPROVEMENT DISTRICT ASSESSMENT ROLL NOTICE IS HEREBY GIVEN: 1. A shall be held upon the filing of the 2017 University North Park Business Improvement District assessment roll for said district on August 23, 2016, at 6:30 p.m. at Norman City Hall, Council Chambers, 201 W. Gray, Norman, Oklahoma 2. Any interested persons may ascertain in the office of the City Clerk: a. A description of the property to be assessed, and b. The maximum amount of benefit estimated to be conferred on each tract or parcel of land. 3. The basis for the assessment is as follows: Annual assessments for each parcel are based on the proportional relationship between each parcels BID taxable assessed value and the overall BID taxable assessed value for developed properties in University North Park, subject to certain adjustments for office, residential and industrial uses. The proportion is then applied tot he total annual assessment for the District, which is proposed to be $200,000, which will then be credited annually with other funding so as to completely offset the assessment in the first year; reduce the net annual aggregate payable to $25,000 the second year, increasing by $25,000 each year thereafter until a maximum annual total of $200,000 has been reached during the life of the district. Resolution No. R-1617-10 which acknowledges filing of the Assessment Roll is attached hereto. S.Brenda Hall Brenda Hall, City Clerk Norman, Oklahoma
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