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05-28-2025 Council Packet
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05-28-2025 Council Packet
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<br /> <br />NONMAJOR CAPITAL PROJECTS FUNDS <br /> <br />Capital projects funds are used to account for and report financial resources that are restricted, committed, or assigned to <br />expenditures for capital outlays, including the acquisition and construction of major capital facilities and other capital <br />assets. Capital projects funds exclude those types of capital-related outflows financed by enterprise funds. <br /> <br />Nonmajor capital projects funds presently established are as follows: <br /> <br />Ten Percent Charitable Gambling – Used to account for amounts received and related to the City’s <br />charitable gambling contributions used for community service projects. <br /> <br />Park Acquisition – Used to account for amounts received and related to park acquisition fees. <br /> <br />Fleur Royal Condos HIA– Used to account for amounts received and related expenditures of the Fleur Royale Condos. <br /> <br />TIF #2-1 Kandice Heights – Used to account for amounts received and related project expenditures of TIF District #2-2 – <br />Kandice Heights. <br /> <br />TIF #3-2 Rice/LC Road – Used to account for amounts received and related project expenditures of TIF District #3-2 – <br />Rice/LC Road. <br /> <br />TIF #3-3 The Lodge – Used to account for amounts received and related project expenditures of TIF <br />District #3-3 – The Lodge. <br /> <br />TIF #5-1 St. Jude – Used to account for project costs associated with St. Jude expansion and other <br />redevelopment along Rice Street and Highway 36 funded by tax increment financing. <br /> <br />TIF #6-1 – Used to account for amounts received and related project expenditures of TIF #6-1. <br /> <br />TIF #7-1 Suite Living – Used to account for amounts received and related project expenditures of TIF #7-1 – Suite Living. <br /> <br />TIF #7-2 Bix Produce – Used to account for amounts received and related project expenditures of TIF #7-2 – Bix Produce. <br /> <br />TIF #7-3 Owasso Warehouse – Used to account for amounts received and related project expenditures of TIF #7-3 – <br />Owasso Warehouse. <br /> <br />Twin Lake Boulevard Development – Used to account for activity relating to TIF loan to developer for the Twin Lake <br />Development Project. <br /> <br />Water/Sewer Equipment Replacement Fund – Used to account for funds set aside from the City’s water and sewer <br />operating utilities as well as other government sources of revenue to be used forfeiture equipment replacement and <br />capital costs. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />109
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