Okla. Stat. tit. 11, § 11-38-120: Designation of tax increment allocation district

A. At the time of adoption of an urban renewal plan pursuant to

this act, or subsequent thereto, the municipal governing body may

designate the urban renewal area to be a tax increment allocation

district by either resolution or ordinance.

B. Before a municipality may designate a tax increment

allocation district, the municipal governing body shall hold a

public hearing thereon, after public notice thereof by publication

at least one time not less than fifteen (15) days prior to the date

of such public hearing, in a newspaper having general circulation in

the area of operation of the municipality, and by posting not less

than five public notice signs, each having at least nine (9) square

feet of display area, for a period of fifteen (15) successive days

including the day of the public hearing for which notice is being

given, in the area to be included in the proposed tax increment

allocation district. Public notice may be combined with public

notice of a hearing on an urban renewal plan or an amendment

thereto.

C. Following such hearing, the municipal governing body may

designate an urban renewal area to be a tax increment allocation

district if it finds that the designation of such district is

necessary or desirable in achieving the objectives of one or more

urban renewal or urban redevelopment projects.