The option to create a forms library was not available on a sites created with the Business Intelligence Center template. The option was available on other sites.

Make sure SharePoint Enterprise, Performance Point, and Publishing features are all activated at the site collection level

At the Site level make sure all of the above features area activated. If option to create forms library is still not available check to see if the Team Collaboration Lists at the site level is activated. If not, activate it and the option to create a forms library should then be available from Create>Library

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