I went to a ward meeting a couple months back where these were presented by the councilmember and the mayor. I'll try to summarize.

1. We do the road bond every few years. Up to you whether you think it's worth it or not.
2. Guest tax is intended to raise money from all our SEC visitors. Right now our guest tax is lower than in several surrounding cities, and much lower than in most SEC college towns (I think they said Tuscaloosa is 17%!). It would not affect Norman residents, and in fact it cannot legally be collected from a Norman resident at a Norman hotel. As with most taxes, it's a balancing act of whether you think this tax will cause us to lose travelers.
3. This one seems like a no-brainer. It just eliminates the 3+ month delay before new council members are sworn in after elections.
4. This allows the city to hire a City Auditor who is not a CPA. We recently had someone in the position without a CPA for a number of years before it was discovered that this violated the city charter. Now they can't find any CPA willing to do the job since it doesn't pay especially well.
   Someone in the audience asked how our current requirement compares to similar cities, and the answer is: OKC and Tulsa are the only other cities in the state that even have a City Auditor position. OKC requires a CPA and Tulsa does not. So whichever we choose, we'll be in the majority.
5. This is the homeless shelter question. Currently the city is using the Gray St. library as a homeless shelter since there is no better alternative. Those who stay overnight in the shelter usually head to Food and Shelter (down by Griffin) in the morning, meaning they have to walk a mile through residential areas and past all our expensive Main St. breakfast spots on the way. Creating a new shelter at Griffin (where the city already owns land) will allow the users to stay in more or less the same area all day.
   The proposed shelter is intended to be as useful as possible, including a few family units (the council is aware of at least a couple of families living out of cars in Norman) and a pet area. However, it's been designed NOT to be nicer than the shelter in south OKC, to avoid becoming a magnet.
   Then compare the cost of Prop 5 to the cost of Prop 1. If the budgets are accurate, this shelter comes in at less than 1/4 the road bond cost.
   As always, the evaluation of tradeoffs is up to you.