Posts Tagged Financing News
If you have piles of dried leaves on your property and want to get rid of them, consider donating them instead of just throwing them away. The Regional Food Bank of Oklahoma is now accepting leaf donations to be used as mulch for its gardening program called Urban Harvest.
Urban Harvest is a sustainable gardening program that was created to promote organic farming and more efficient gardening techniques. Through the production of organic fruits and vegetables from the program, the Regional Food Bank of Oklahoma has been able to distributed healthier foods to their feeding programs.
Aside from organic production, Urban Harvest is also reaching out to the community through gardening trainings and education to assist gardeners and partnerships with other gardens.
Donated leaves will be converted into mulch and compost for use in the Urban Harvest gardens. Partner gardens of the organization in the city will also received some of the materials. Those who want to donate leaves can email Mason at email@example.com or go to their main office at 3355 S. Purdue Avenue, Oklahoma City. Donations will be accepted until December 18.
Senior citizens in Edmond will soon have more options when it comes to housing. There are currently no nursing homes or assisted living communities in the city, but Mon Abri, a proposed housing plan, would introduce an 87-unit housing development, including duplexes and offices for rent.
Mon Abri is being proposed by R.W. Development and will be located along Broadway and Covell Road. The plan proposes 87 units of duplexes and triplexes and up to five office building units. About 10.18 acres will be allocated to the housing units, while 1.59 acres will belong to the office buildings.
The Edmond Planning Commission has already approved the preliminary plan for Mon Abri with a vote of 4-1. Chairman Barry Moore disapproved of the plan due to the fencing issue brought about by the residents of Rock Hollow, a neighboring community.
According to R. W. Development, Mon Abri is ideal for seniors age 55 and above, but there will be no restrictions on the age of interested renters. Units up to five bedrooms will be available for rent with prices ranging from $850 – $2,000 per month.
A 18,000-square foot office building is planned for construction in front of the property, and there will be four more built in front of the Boulevard.
Since pre-holiday shopping encourages major spending among consumers, it is no surprise that the City of Edmond will be collecting more sales tax revenue. Edmond officials recently announced an increase in sales tax revenue by 3.25 percent, and although it’s not entirely credited to pre-holiday shopping, it exceeded expectations with significant growth compared to last year.
An 8.25 percent sales tax is paid by shoppers on each of their purchases with 4.5 percent going to the state and 3.75 percent to the city. There was a $4,439,437 increase in the city’s tax collection in December as compared to last year. That is about a 19.97 percent increase since July, which amounts to $26,669,492.
Of that amount, 2 percent will go to the general fund for operations, amounting to a total of $2,736,018, which is an increase of $652,442, or 31.31 percent, as compared to last year. In addition, $4,102,999 has been collected from the new half-cent sales tax, which is going toward the public safety center.
With the cold days upon us, the first thing we want to do is to turn up the temperature and keep ourselves warm all day long. The thermostat provides an easy way to adjust the room temperature, but as much as we love to instantly turn up the heat, we also have to pay attention so that we don’t face a huge surprise in our energy bill.
Here are a few tips you can follow when it comes to your thermostat use:
- Programmable thermostats are ideal if you want to adjust the temperature at desired times. Use this device to set the temperature higher in the morning and lower when you need to go to sleep or work.
- When using a programmable thermostat, make sure to avoid manual overrides to reduce energy consumption. As much as possible, let the set points do their work and manually override only if necessary.
- Turn your thermostat down whenever you have more people in the house. Each person adds body heat to the room, so the more people you have, the warmer the room will become. It’s a perfect time to lower your thermostat and save energy.
- A sudden shift in your thermostat will not heat or cool the house in an instant. In fact, it will only waste a huge amount of energy. Make sure to only change the temperature gradually.
- Setting your thermostat high will use more energy. To help you get adjusted to lower temperatures, so you can save on energy costs, try to gradually lower your thermostat by one degree for a few days or one week. Then, lower it again to another degree once you become accustomed to that lower level.
- When leaving the house for a few hours, turn your thermostat down a few degrees, so it will use less energy while you’re gone. But, if you need to go away for a few days, don’t turn off your thermostat. Instead, lower it to a level of 55 F, so that it uses less energy, but so that it also prevents your water pipes from freezing and bursting.
Penn Square Mall is about to get a new look.
The Oklahoma City shopping mall will be remodeled, mall management announced Thursday. Planned projects include redesigning the mall entrances, upgrading the food court and renovating restrooms.
New retailers will be announced during the project, which is expected to be complete in the spring.
The food court overhaul includes an expansion to include healthier food options and local flavor, plus new floors, tables and chairs.
Officials say work will be done in a way that minimizes customer inconvenience during operating hours.
Jeff Dozier, general manager of Penn Square Mall, said the remodel represents a complete transformation to better serve the needs of customers and visitors.
Penn Square Mall, owned by Simon Property Group, marked its 52nd anniversary this year. The last time it was remodeled was in 2000.
Mis Gaston, a mall spokeswoman, said she couldn’t release the cost of the upcoming project but that it represents “a significant investment” in the property.
CREATE Architecture Planning and Design in New York has been chosen to oversee the project and construction will be performed by Pepper Construction Group of Chicago.
During the past two months, more sales tax revenue has been collected than what officials were expecting. Edmond City officials said that the increase was due to the increase of purchases in roofing materials and the opening of two new grocery stores in the city.
Sales taxes collected were already approved by voters as was the allocation of these funds. An 8.25 percent tax is added to all purchases made within the city. Out of this 8.25 percent, 4.5 percent goes to the state and 3.75 percent goes to the city. Voters allocate 2 percent of the city’s sales tax percentage to a general fund and 0.5 percent to the construction of the public safety center. The remainder is then allotted to capital improvements and salaries for firefighters and the police department.
Sales tax revenue saw a significant increase during the last two weeks of July and the first two weeks of August. It was 18.98 percent higher than what was collected the same month last year. Already, $15.4 million in sales tax has been collected this year, which is $4.3 million more than what officials are expecting. The notable increase is said to be a result of the purchases of materials for roof repairs caused by a recent hailstorm.
More traffic can be expected starting next week along Bryant Avenue in Edmond when construction for a new bridge box set begins. Only one lane of the road will be open in each direction, and city officials are asking residents to change their routes if possible in order to avoid congesting the area.
The Bryant Bridge is part of the 1996 sales tax money projects that voters approved for capital improvements. A budget of $1.48 million has been allotted for the entire project.
One of the reasons for constructing the Bryant Bridge is due to the frequent flooding within the area due to poor drainage systems.
The construction of the new bridge is set to start on September 17 north of 15th Street. The project is expected to take six months to complete.