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Tue August 19, 2014
Moore Voters To Consider Bond Proposal, Sales Tax
Moore residents will vote on a $15 million bond proposal and a sales tax renewal for road improvements and public safety this fall.
The Norman Transcript's Joy Hampton reports the Moore City Council on Monday placed two initiatives on the November ballot. The 15-year bond proposal would fund an Interstate 35 overpass bridge at SW 34th Street. Local developers tell city leaders that retailers would come to the area if the bridge is built.
If approved, the cost to an average sized, $125,000 home will be about $68 in property taxes over the course of the first year of the note and will decrease each year.
The council also briefly considered using the bond to build a railroad underpass east of the intersection of South Fourth Street and Broadway Street. While some Moore residents have complained about stopped trains blocking traffic in the area, the bigger concern is the bridge at 34th Street.
Currently, 366 units of a multifamily development are under construction east of I-35 at 34th. Additionally, there is an opportunity to expand commercial development along 34th on both sides of the interstate.
A half percent sales tax renewal would continue to pay for transportation and public safety. It was first approved in 2007 and renewed in 2011. Eighty percent of the tax goes to residential street improvements and the rest goes to public safety equipment.
The sales tax extension will run for another four years if approved.
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