[{"_1":2,"_99":-5,"_100":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,75,87],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},"mediaId",6575276,"mediaKeyId","3123593-0f4b8724fb7503987abc1dce69c7101e","parentId",3123593,"title","TAYO approves reserve policy, housing and parking contracts, renewals and grant extensions","audioSeconds",1099,"startMs",4149000,"endMs",5248000,"viewUrl","/Search/View?dp=1&key=3123593-0f4b8724fb7503987abc1dce69c7101e&start=4149&end=5248","thumbnailUrl","https://assets.pipeline.soar.com/3123593-0f4b8724fb7503987abc1dce69c7101e/thumbnail_4149000.jpg","articleUrl","/articles/6575276/Tulsa/Tulsa-County/Oklahoma/TAYO-approves-reserve-policy-housing-and-parking-contracts-renewals-and-grant-extensions","mediaUrl","https://secure.pipeline.soar.com/6575276-762b6c02e1844b7f5cbaa73ce651ba0a/orig.mp4?Expires=1771133222&Signature=lG6LW--xw2CgcClQHdbQa2FMc3qm2g8BUvpBOFdSKO8dgPdxCJ~dDFj2bk7gS2vKyHnmEESAMPAmqqVi3rrQfJQ8VgjWF8GB3avYeP3pPqVHj-goG8auWTNCTEnoJZcaJZt2WHSl4ZPP2fPRs5oPALJ4etwOhxitl5~CYFs4bxSBJAej1gwx8Gw5tEC8AmAMCg6SW1nD5M5kejqVKS5QSbW-OK4bWXYE1hiM8FY6UiCwhQ1e0rqXmVeMXchcBx12CjT7CNUQnCjJnC8ICu-lp1hjglaPiN8E0bhlF5xORvlg7d60saEYyDH36Ky10O1Pyqly-s8o4mEw8E7gduf0tQ__&Key-Pair-Id=KUT5TJCACFTXG","author","Tulsa","date","2025-04-24T09:01:00Z","article","The Tulsa Authority for Economic Opportunity on Thursday approved a cash-reserve policy and a package of contracts, renewals and grant extensions including a financing agreement for the West 7 project, a management agreement for the Civic Center Parkade with Oak View Group, an amendment removing the parkade from American Parking’s scope, a one-year renewal with Retail Strategies at a reduced fee, a state grant schedule extension for conceptual studies of Fair Oaks access, a microgrant transfer for Avanzano Juntos and an amended one-year extension of the authority’s office lease.

The board voted on each item by roll call during the April 24 meeting; the items passed by majority vote as recorded on the public transcript. Several items carried brief staff presentations and questions from trustees before final motions were called and approved.

Among the approved items, trustees adopted a formal operating-reserve policy to classify and hold operating reserves as restricted funds upon budget adoption. The board also approved a finance-and-development agreement for the West 7 (\"Old Holiday\") project that the staff said will set aside 60% of units as workforce-rate housing (staff described that as up to 120% area median income). The board approved an agreement to have Oak View Group (OVG) operate the Civic Center Parkade and accepted a related amendment removing the parkade from American Parking’s scope of service. Trustees also renewed the Retail Strategies contract for another year at a reduced fee and approved the ODOT PREPD grant schedule extension and a small-business microgrant allocation to Avanzano Juntos.

Votes at a glance: the items were moved, seconded and approved by roll call. The roll-call transcript shows consistent yes votes from trustees who participated; particulars of each roll call are recorded in the meeting transcript.

The board also authorized an amendment to its city‑hall office lease to relocate to the 7th floor, with a per‑square‑foot rate and tenant build‑out contributions noted in the amendment; trustees approved that item subject to final council/landlord approval.

Staff said several of the contracts are either effective July 1 or will require subsequent formal execution steps (for example, the OVG parking agreement the trustees approved to take effect July 1). For items that require city council or external-entity signatures, staff noted final execution will be subject to counsel review or the landlord/city council approval.

The meeting packet and the transcript record each motion and the roll-call results; the approvals will be reflected in the authority’s contract files and next-month accounting steps where required.","mediaType","Video","parentTitle","Tulsa - Tulsa Authority for Economic Opportunity - Apr 24, 2025","oneSentenceSummary","The Tulsa Authority for Economic Opportunity on Thursday approved a cash-reserve policy and a package of contracts, renewals and grant extensions including a financing agreement for the West 7 project, a parking-management agreement with Oak View Group, and a one-year lease amendment that relocates TAYO offices to the 7th floor of City Hall.","taxTitle","Tulsa, Tulsa County, Oklahoma","taxId",2682,"location","headline","","shortSummary",{"_33":76,"_35":36,"_37":38,"_39":77,"_41":78,"_43":79,"_45":80,"_47":81,"_49":82,"_51":83,"_53":84,"_55":56,"_57":58,"_59":85,"_61":62,"_63":64,"_65":86,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6575267,"Oak View Group selected to operate Civic Center Parkade; trustees approve contract and transition plan",1147,969000,2116000,"/Search/View?dp=1&key=3123593-0f4b8724fb7503987abc1dce69c7101e&start=969&end=2116","https://assets.pipeline.soar.com/3123593-0f4b8724fb7503987abc1dce69c7101e/thumbnail_969000.jpg","/articles/6575267/Tulsa/Tulsa-County/Oklahoma/Oak-View-Group-selected-to-operate-Civic-Center-Parkade-trustees-approve-contract-and-transition-plan","https://secure.pipeline.soar.com/6575267-25763ae38765503f3cf5285aa68fd8ba/orig.mp4?Expires=1771133222&Signature=lmRV51eDGWdG~9BUgF1cCnHFTMvbmZxRrw6dhhpHXzatSfz5c7f~adnpk2KMR9yNNKH1Wdoc~m0cUPI4H33SbLGcMXE-qFsAibUmRHDbiisd2oR44~T-PNP2Vmjvj35iuewcZ~Ifi4ul2TiZh9KSHtnd2cbKz3qrj4UiwQDgX0JNhRpmqrm~ZyNe8ICiCyWCnDd8RN3KTL8DBIr0~CEPE4R9SIv6FzcDxPZe~45qQlpzWYJjsZIp22AhNvKXFBLZcw5zL3BI5wrSNg-DPLdxm25nB9ybm1anILN6zVAXkl8EKV6p6~XwwsluGCPnSeyTcDmUBpT5egbxeJ8sdFdhfQ__&Key-Pair-Id=KUT5TJCACFTXG","The Tulsa Authority for Economic Opportunity approved a management agreement with Oak View Group (OVG/Global Spectrum LP) for the Civic Center Parkade, with operations slated to transition July 1.

Keller Taylor, vice president for Oak View Group, and Joe Lang, vice president of parking and mobility services, presented OVG’s approach to managing event and monthly parking, dynamic pricing and guest experience. Lang told trustees OVG does not add markups for items such as credit‑card fees or labor and described a reporting cadence intended to give the authority not only the P&L but explanations for any variances. He said OVG will produce a facility-condition and capital-priority list within the first 60 days of operations and will work with TAYO to prioritize capital repairs.

The contract as presented mirrors the existing American Parking contract in deliverables and monthly reporting; staff identified the monthly management fee as $6,000 (stated during the presentation as $6,000 per month, $36,000 annually). Trustees asked about the condition of the parkade’s assets, capital‑improvement planning, and how OVG will integrate parking sales with ticketing systems to sell parking at point of ticket purchase. OVG said earlier pilots with the arena’s ticketing flow increased prepaid parking sales and that bringing the Civic Center Parkade into that flow is expected to raise event parking revenue.

The board approved the OVG agreement by roll call and later approved an amendment to the American Parking agreement to remove the Civic Center Parkade from that operator’s scope; staff said other American Parking contract provisions remain unchanged and American Parking’s fee will be adjusted accordingly.

Staff said OVG will deliver monthly reports by the 15th for board review and recommended capital requests will be budgeted separately in TAYO’s capital planning cycle.","Board approved Oak View Group (OVG/Global Spectrum) to operate the Civic Center Parkade, effective July 1, with a management fee the board recorded as $6,000 per month ($36,000 annually). OVG described dynamic pricing, event-based staffing and plans for a 60‑day capital assessment after takeover.",{"_33":88,"_35":36,"_37":38,"_39":89,"_41":90,"_43":91,"_45":92,"_47":93,"_49":94,"_51":95,"_53":96,"_55":56,"_57":58,"_59":97,"_61":62,"_63":64,"_65":98,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6575272,"TAYO staff presents draft FY26 budget showing potential $210,000 deficit; reserves to be restricted at budget adoption",406,236000,642000,"/Search/View?dp=1&key=3123593-0f4b8724fb7503987abc1dce69c7101e&start=236&end=642","https://assets.pipeline.soar.com/3123593-0f4b8724fb7503987abc1dce69c7101e/thumbnail_236000.jpg","/articles/6575272/Tulsa/Tulsa-County/Oklahoma/TAYO-staff-presents-draft-FY26-budget-showing-potential-210000-deficit-reserves-to-be-restricted-at-budget-adoption","https://secure.pipeline.soar.com/6575272-ffe94bdf4aef077d84cb8a825fa54539/orig.mp4?Expires=1771133222&Signature=PpCTdTHODBkT~6WPMXYJ2yFcKhbtCCIYPtRzpH3ZAPVdDz6yPv4yW06bKG1szzVkGdwToRpdDlxKG9-e0giqaWerX9BwlvEVUV5AcXZ3JKGhEkheB1c7bq8K9TJgXAXOOIHG1x11eD~fbHlNanoZDKBgy16-mHAq5CkwUyp1~Y47GjeZ~W4SxbhaGgqOPfs6G-JnMK3gZLNieqU02J8mp~SgHkEtjUrPDtk~ix8IK0FglQF~8Z9FJkyrM5jWIV7Yu5g1msituxO5QuaAD0U~SbkW1jKOAEDM8-d1dT7JEcy1ldgEAgRh1vR~SGT3znpykPCUNphjHWkK0T9apkkjDQ__&Key-Pair-Id=KUT5TJCACFTXG","Tulsa Authority for Economic Opportunity staff presented a draft FY26 budget on April 24, outlining revenue assumptions, service fees and expense changes and projecting a tentative deficit of about $210,000 based on the figures available at the time.

Lynn Kane, a TAYO staff member who presented the budget, showed year‑to‑date comparisons and noted several revenue items that are uncertain or pending confirmation. Kane said proceeds from a pending sale of 311 North Boulder—\"supposed to close next Monday\" and described in the presentation as $2,600,000—would add cash to reserves but would remove a recurring $93,000 line item if the sale completes. Kane also highlighted that parking operation revenues (from American Parking, transitioning to Oak View Group) have decreased from last year’s budget but staff hope actual receipts will come in higher than the conservative forecast.

On program revenue, Kane flagged downtown redevelopment loan funds and the affordable housing trust as areas under review, and said potential grant awards could be announced in the coming months (one expected next month, another possibly in September). On expenses, staff noted increased salary and wage costs tied to more employees and hardware purchases undertaken this fiscal year, and several line items where placeholders were used pending vendor/contract clarification.

Kane told trustees the operating reserve policy adopted earlier in the meeting will move reserves to restricted funds when the FY26 budget is adopted in July. In discussion trustees asked whether the operating reserve would cover salaries and wages; Kane explained the operating reserve target is 10% of anticipated operating expenses for the coming year and would therefore include those costs in the calculation.

Staff emphasized the budget remains a draft and the board will be asked to vote on the final FY26 budget at a future meeting. Trustees and staff discussed conservative assumptions intended to avoid over‑estimating revenue, possible upside from parking and TIF revenues, and options for adjusting service agreements and personnel costs.

Kane said the authority is hopeful that additional revenues, including parking receipts and potential grants, could reduce or eliminate the projected deficit before final budget adoption.","Staff presented a draft fiscal year 2026 budget showing $5.3 million in proposed revenues and an estimated $210,000 deficit based on current assumptions; staff noted sale proceeds, potential grants and reclassification of operating reserves as restricted funds upon budget adoption.","actionData","errors"]

Article not found

TAYO approves reserve policy, housing and parking contracts, renewals and grant extensions

Oak View Group selected to operate Civic Center Parkade; trustees approve contract and transition plan

TAYO staff presents draft FY26 budget showing potential $210,000 deficit; reserves to be restricted at budget adoption