Edmond residents to vote on sales tax rate to purchase land near Hafer Park

Local
Edmond residents voice frustration with new development project possibly coming to Hafer Park

EDMOND, Okla. (KFOR) – Residents in Edmond will soon be heading to the polls to determine the future of land near a popular park.

On Oct. 12, Edmond residents will vote on a temporary 0.25% sales tax.

Officials say the temporary sales tax would be used to purchase 22 acres of land adjacent to Hafer Park.

The land just south of Hafer Park is privately owned and the owners are looking to develop the site with a mixture of retail and residential uses. Since there has been opposition from the public, city officials proposed purchasing the land to avoid further contention.

The tentative purchase price for the land is $3,998,000 plus closing costs.

If the sales tax is approved, it would change Edmond’s sales tax rate from 8.25% to 8.50% from January 1, 2022 to December 31, 2022.

The sales tax rate would return to 8.25% on January 1, 2023.

City officials say the increased tax rate would likely generate $5 million. Any money received in excess of the purchase price and closing costs may be used to pay for improvements to the land.

City leaders say if the measure doesn’t pass, the tax rate will stay the same and it will be up to the landowner to develop the land the way they want.

Copyright 2021 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Latest News

More News

National News

More U.S & World

Washington D.C.

More Washington

Your Local Election HQ

More Your Local Election HQ

Daily Oklahoma Coronavirus Data

Trending

Contact In Your Corner Team

Latest News

More News

SCAN ME: KFOR App QR Code

image of QR Code

KFOR Digital Originals

More Digital Original

Follow @KFOR on Twitter