Oak Ridge North City Council held its second meeting of the month last night. Here are the three things residents may have missed:

1. Fiscal year 2018 budget meetings continue
City Manager Vicky Rudy said the next budget related meeting for the city will be a tax rate meeting held August 7. The Oak Ridge North City Council will then take a vote on the proposed tax rate.

2. Woodlands Parkway Overpass plans ongoing
Rudy said the city is still in correspondence with Montgomery County Precinct 3 officials to talk about the proposed Woodlands Parkway overpass project and its relation to Robinson Road and Patsy Lane.

The city is working on an agreement that will implement a Tax Increment Reinvestment Zone—which is a taxing district created by the City Council members to attract new investment in the city and its extraterritorial jurisdiction. City officials said the TIRZ will help finance the cost of development in areas that would otherwise not attract sufficient market development.

"We’re working on an interlocal agreement that will go to the TIRZ and that is a development agreement with the county for them to do the Woodlands Parkway overpass," Rudy said. A portion of that is our Pasty intersection and light and the roadwork to get into the hotel. That will be in the agreement with the county and the TIRZ, which the city will have to approve to reimburse that in some future date." 

3. New Oak Ridge North businesses announced
Heather Neeley, director of economic development, said new businesses are expected to open in Oak Ridge North in the next few months, including Southern Chic Rentals on Robinson Road, Crane Dress Shop on Woodridge Drive and The Tile Co, which is expected to take the place of M. Fatheree Interiors.