[{"_1":2,"_121":-5,"_122":-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",[32,75,87,99,109],{"_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",6543595,"mediaKeyId","3449108-132f9f8227de4bcd6edcb6f41aa2741a","parentId",3449108,"title","Votes at a glance: TAYO/TDA board approves budgets, property agreements and housing fund changes; marketing contract tabled","audioSeconds",436,"startMs",543000,"endMs",979000,"viewUrl","/Search/View?dp=1&key=3449108-132f9f8227de4bcd6edcb6f41aa2741a&start=543&end=979","thumbnailUrl","https://assets.pipeline.soar.com/3449108-132f9f8227de4bcd6edcb6f41aa2741a/thumbnail_543000.jpg","articleUrl","/articles/6543595/Tulsa/Tulsa-County/Oklahoma/Votes-at-a-glance-TAYOTDA-board-approves-budgets-property-agreements-and-housing-fund-changes-marketing-contract-tabled","mediaUrl","https://secure.pipeline.soar.com/6543595-ffc22928e4e622eb1415a52eb5a3a5fb/orig.mp4?Expires=1771164354&Signature=VoqtFxC4vpE6tc7zXG8AOiVMNbogar24YNo22BBblDT7IWpTMlRKzMHRzzRaLrBkbiikbld86mTaPiOeWUwJ4t8Q3yGSln7PNug~tUc9GkRuS-qnHpk1tNJq5KgJ1dhB85bZ52XP1KMORjt4Yloi~ingZFPHE9m5iJtv1amEr5L2YcBXRsEd4gA6sETeB~ivYI4Jodyl9~2qefvMzS-vdC~D0PisPmuZCsU0IGBGw12MySwugv7Ycni7aiZB~zRG~FwXNYnKnhzLdQvkEZUqYtHzyj75vbkiKJq0688j~wJTDOXd2gKlOr5DYj81d96nxaK~rAx52OX0vv8Ih9A5HQ__&Key-Pair-Id=KUT5TJCACFTXG","author","Tulsa","date","2025-05-22T09:00:00Z","article","The joint meeting of the Tulsa Authority for Economic Opportunity (TAYO) and Tulsa Development Authority (TDA) produced a series of formal approvals and one tabling on May agenda items. Below are each item recorded as formal board actions at the meeting with outcomes and key details drawn from the transcript.

Votes at a glance (select items taken at the meeting)

- Consent agenda: Approved (motion and roll call; no items removed). Item list and votes were taken at the beginning of the session.

- 2026 annual budget (TAYO): Approved. Lynn presented an updated fiscal projection showing an improved projected loss for fiscal year 2026 (projected loss reduced from $210,000 to $176,000) after recognizing the $2.6 million sale of 311 North Boulder and other revenue changes; trustees voted to adopt the annual operating budget.

- FY budget amendment (relocation/furniture): Approved. A housekeeping amendment moved approximately $80,000 of current appropriations to capital/expenditure categories to fund furniture and moving costs for the new seventh-floor office; no net new appropriation was requested.

- Golden Shovel marketing services agreement (~$27,000): Tabled pending receipt of the contractor agreement. Staff asked to circulate the contract copy; trustees voted to postpone action until the next meeting to allow full review.

- TIF/assistance agreement (second amendment re: WPX): Approved. A housekeeping second amendment to the development finance/assistance agreement tied to WPX was approved. (Related to the bond authorization item.)

- Affordable Housing Trust Fund termination for G4MF Midtown project: Approved. Trustees approved terminating an agreement for a planned motel conversion (65 units) that the developer determined infeasible, unencumbering $466,000 to return to the Affordable Housing Trust Fund for other projects. Board discussion noted the developer had successfully completed a nearby conversion that produced 81 units but was experiencing lease-up challenges there (~60 occupied at the existing project).

- Property sale / redevelopment agreements (TDA): Approved. The board approved multiple redevelopment/sale agreements (examples: sale of 2201 North Lewis to Terrace Dory Homes LLC for a to-be-built 1,400 sq ft home; two parcels at 1605 and 1619 N. Martin Luther King Jr. Blvd tied to the Terrence Crutcher Foundation, each in the $25,000 range). Legal staff confirmed documents are in standard form.

- 403 South Cheyenne loan amendment: Approved. The board approved a first amendment extending repayment for a TDA loan (developer experienced market/financial strain). The amendment includes an 18-month extension and an escalating interest-rate schedule starting at 6% for the first six months and increasing by 1 percentage point every six months up to 8%; staff said the amendment will reimburse TDA for renewal costs.

- Authority to acquire property at tax sale (not to exceed $100,000): Approved. Trustees authorized staff to use up to $100,000 to acquire property through Tulsa County treasurer/tax sale processes and to pursue county resale deeds; staff framed this as a test of the approach using existing budget surplus.

- Greenwood Legacy Corporation second budget amendment (support operations): Approved. Trustees authorized a budget amendment to allow up to $60,000 in additional support funds for startup operations (tied to previously set-aside funds and city-level appropriation).

Procedural note: Several votes were recorded by roll call; where transcript named roll-call responses, the board recorded unanimous or majority \"yes\" votes and no recorded \"no\" votes on the listed approvals.

Ending: The tabled Golden Shovel marketing contract will return at a future meeting once trustees receive the missing agreement document; other approved items will be implemented by staff according to the budget and contract timelines described during the meeting.","mediaType","Video","parentTitle","Tulsa - Tulsa Authority for Economic Opportunity/Tulsa Development Authority - May 22, 2025","oneSentenceSummary","At its May meeting, the TAYO/TDA boards approved the 2026 annual budget, a budget amendment for relocation and furniture, multiple redevelopment and sale agreements, termination of one affordable housing award (returning $466,000 to the trust fund), a loan amendment for 403 Cheyenne, authority to buy tax-sale property up to $100,000, and a Greenwood Legacy operational allotment; a marketing contract with Golden Shovel was tabled pending receipt of the draft agreement.","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},6543599,"TAYO approves up to $8 million in TIF bonds to fund WPX headquarters incentive",175,289000,464000,"/Search/View?dp=1&key=3449108-132f9f8227de4bcd6edcb6f41aa2741a&start=289&end=464","https://assets.pipeline.soar.com/3449108-132f9f8227de4bcd6edcb6f41aa2741a/thumbnail_289000.jpg","/articles/6543599/Tulsa/Tulsa-County/Oklahoma/TAYO-approves-up-to-8-million-in-TIF-bonds-to-fund-WPX-headquarters-incentive","https://secure.pipeline.soar.com/6543599-1cbcff7678eefa310bdc3756e9c91f15/orig.mp4?Expires=1771164354&Signature=Lnytxsmvh9TsjQM2AIAAattVETY8mP-Qgnla85y8Hi85YxxxdsjssPECmxSd-RduB2YBSwNPHCDEcROMH3CuR5o-hO0t6DHwmgT-JjMZlvb6EXrBh8YkiRO5PMQpNINQWhQYoEJVBq0rWMoMJZXBO-3X-EWDZhE3Gr1h30LrBLgMkgHRpOQi2hpg5mYwMeOaGFv-yM1oNUCUXw~gM6fUyxxoY-hlnFXFazSOh7iclXFt~4JLVwy63YxGNs6G9wfP0w4cXeXPaqctEcYHSUhrujPpEQr3weYSS5O7bjjGoq4~VnudCPkgcSiOud1wO3btyCt7a1Mk8AOyltkwMqSN9A__&Key-Pair-Id=KUT5TJCACFTXG","The Tulsa Authority for Economic Opportunity (TAYO) voted to authorize issuing bonds not to exceed $8,000,000 to fund an economic incentive for Tax Increment Financing (TIF) District No. 15, the financing vehicle tied to the WPX headquarters project.

John Weidman, bond counsel, told trustees the resolution would allow TAYO to issue bonds and \"advance fund the economic incentive\" for the building purchased by FC, a Tulsa PropCo. He said the bonds are structured at an assumed 7% interest rate over the remaining 20-year TIF term and are priced to remain under the $8 million cap. He told the board the bonds probably will be sold late June with a closing in early July.

Weidman emphasized the local agency's limited exposure: \"TAYO's obligation is only to collect the TIF increment and transfer it; none of your credit nor your funds are being used to pay these bonds,\" he said. He added that issuance fees will be paid to the trustee and that the structure includes automatic principal pay-down as increment receipts exceed early projections.

Trustees asked no substantive follow-up questions during the presentation and the motion to approve the resolution passed on the board vote called at the meeting.

Why this matters: The authorization lets TAYO provide up-front financing tied to projected incremental taxes from the WPX property. The agency's narrative to trustees highlights that repayment depends on the TIF increment rather than the agency's general fund or credit.

Background and next steps: If approved by the council as the beneficiary, the bonds will be priced and sold in the coming weeks. Staff and counsel said the bonds' amortization is designed to accelerate when increment receipts exceed initial projections, reducing term interest expense and shortening payoff timing.

Ending: With the resolution passed, TAYO staff will proceed with final issuance steps and send the package to the City Council for the council-level approvals needed before sale.","Trustees voted to authorize TAYO to incur indebtedness not to exceed $8 million to advance-fund an economic incentive for TIF District No. 15 (WPX headquarters). Bond counsel said the agency\u00019s obligation is limited to collecting and transferring TIF increment; bonds are expected to price late June with a July closing.",{"_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},6543579,"Trustees raise permitting delays for large industrial projects; staff to follow up with contractors",268,2402000,2670000,"/Search/View?dp=1&key=3449108-132f9f8227de4bcd6edcb6f41aa2741a&start=2402&end=2670","https://assets.pipeline.soar.com/3449108-132f9f8227de4bcd6edcb6f41aa2741a/thumbnail_2402000.jpg","/articles/6543579/Tulsa/Tulsa-County/Oklahoma/Trustees-raise-permitting-delays-for-large-industrial-projects-staff-to-follow-up-with-contractors","https://secure.pipeline.soar.com/6543579-0eb93e5e03da433212715c67340e7805/orig.mp4?Expires=1771164354&Signature=C0zzZOVdrg6lmTXvVD32gyBmp8nCK5eUS3fuHu~GMv9jBBrnnu-oV-t9otTp2AXjLoVsygXkX32GIeY2mWAyhvLCLCve6AD536oNSHl1IuO1YdmddwIUOaThYiu4s-w-VPQb9w4zNg1zePJCwDldLXT0Ei87weZzuGSVW-OmUorbnF6dECCDpyAnYgP5z3T3dzUuYfffQB0727Bn9Y~rrsL0NWLeeA2W4VBLIeKlFAztC5P9jiibVH9RTxhJk1AtfRVdZjGMG7feN09jaAj3KmIMrJKXfef-egmw9SeANeLdToIaGj7mwnmQkAUomcdGmV76f9oKKwsGGDw7Bh0JeA__&Key-Pair-Id=KUT5TJCACFTXG","Several trustees raised concerns about permitting delays for large-scale industrial and manufacturing projects and reported anecdotal feedback from contractors that Tulsa's permitting process can be slower than neighboring jurisdictions.

Trustees said contractors and developers told them the city's permitting experience had discouraged some projects or moved them to nearby jurisdictions such as Claremore and Pryor. Trustees proposed a practical, field-focused approach: invite architects, engineers and contractors to sit with planning and permitting staff and walk through recent project experiences to identify specific breakdowns and opportunities for process improvement.

Staff said they had already begun meeting with builders and the department head (Michael Skates was named) and offered to expand that engagement. Trustees asked staff to invite the contractors who reported challenges, and to bring findings and recommended fixes back to the board or a committee for follow-up.

Why this matters: Permit review speed and predictability affect site selection decisions, especially for large industrial projects that drive jobs and capital investment. Trustees framed the outreach as a way to improve the city's economic competitiveness.

Ending: Staff agreed to coordinate targeted meetings with practitioners and provide a summary back to trustees on identified pain points and proposed process changes.","Board members reported recurring complaints from local contractors and developers that Tulsa's permitting process creates delays for large industrial projects. Trustees asked staff to convene architects, engineers, and permitting officials for targeted field sessions to identify and fix bottlenecks.",{"_33":100,"_35":36,"_37":38,"_39":101,"_41":102,"_43":44,"_45":103,"_47":104,"_49":50,"_51":105,"_53":106,"_55":56,"_57":58,"_59":107,"_61":62,"_63":64,"_65":108,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6543584,"TAYO projects smaller FY26 loss after $2.6M lot sale; board approves annual budget and relocation amendment",215,758000,"/Search/View?dp=1&key=3449108-132f9f8227de4bcd6edcb6f41aa2741a&start=543&end=758","/articles/6543584/Tulsa/Tulsa-County/Oklahoma/TAYO-projects-smaller-FY26-loss-after-26M-lot-sale-board-approves-annual-budget-and-relocation-amendment","https://secure.pipeline.soar.com/6543584-06a55192ef3495772a19c1a8220b5480/orig.mp4?Expires=1771164354&Signature=OSxfef3zKyh~56Dy~pA7xmEr4-xdU-vwVbqPjMMFnXQqn4VUPi1p-BkmIL1iO4NoUJgZcKoMlQw9ZpbHcO0d4Ry6EAZ6Zw~YESLhsvmoTj8mKAZ0xRQTtf7lvzkaFR0fgxzEbe5C8KHRzpw4laq8RrtQBHDmWe10wPtiMj5I1tmE5hxtK-U3ax-6wYfJZMsnd04pVloUavScjO2h09vAkzQw7mbK7NGphHzy~QIQySUG2dKYFqJCueHh3JFiI070kPAwu6MeuHA-i7LsQh74FcfLUoJPDHNanVSX1RMORiouaLt4ONoKLxy2qp88KdjlORVzD1yJ5TaWAbrv7FbG2A__&Key-Pair-Id=KUT5TJCACFTXG","TAYO finance staff presented an updated FY2026 budget and a related housekeeping budget amendment tied to the authority's planned move to a new seventh-floor office.

Lynn told trustees the projected FY26 loss had improved from a $210,000 projection (reported last month) to a $176,000 shortfall. The primary drivers she cited were the $2.6 million sale of the lot at 311 North Boulder and reduced consulting and relocation expenses (some relocation costs were moved into FY25). Lynn said interest on the proceeds (at 5%) also adds revenue relative to prior parking income projections.

On that basis, trustees approved the FY26 annual budget. The board then approved a budget amendment that reallocates roughly $80,000 among categories (legal consulting/insurance reallocations into capital expenditures and moving expenses) to pay for new furniture and certain moving costs tied to the seventh-floor move; staff said no new appropriation was required.

Staff emphasized timing: the seventh-floor relocation is imminent, IT and technology selections remain to be finalized, and furniture procurement was authorized to avoid delays during move-in. Trustees asked for follow-up on invoices and the move schedule.

Ending: With budget adoption and the amendment approved, staff will execute the move and purchase furniture and report back with financial reconciliation and a completion update.","Finance staff presented an updated FY2026 budget showing a projected loss reduced to $176,000 after sale of 311 North Boulder for $2.6 million and contract renegotiations. Trustees adopted the annual budget and approved a housekeeping amendment shifting about $80,000 to cover furniture and moving costs for the seventh-floor relocation.",{"_33":110,"_35":36,"_37":38,"_39":111,"_41":112,"_43":113,"_45":114,"_47":115,"_49":116,"_51":117,"_53":118,"_55":56,"_57":58,"_59":119,"_61":62,"_63":64,"_65":120,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6543590,"Marketing contract with Golden Shovel tabled until trustees receive draft agreement",266,844000,1110000,"/Search/View?dp=1&key=3449108-132f9f8227de4bcd6edcb6f41aa2741a&start=844&end=1110","https://assets.pipeline.soar.com/3449108-132f9f8227de4bcd6edcb6f41aa2741a/thumbnail_844000.jpg","/articles/6543590/Tulsa/Tulsa-County/Oklahoma/Marketing-contract-with-Golden-Shovel-tabled-until-trustees-receive-draft-agreement","https://secure.pipeline.soar.com/6543590-90a1f2f30b8d85f991bf1e16749f6fe4/orig.mp4?Expires=1771164354&Signature=AYjfgGcfJJoRDAftUCeS54Agjsnv4WU-9D2wURD66lE0YHYFhvbesYp66NOrukfvcpROHDgal~1dSUZrPDIDEfDkxFFqjyNjaCUxP7VRn9sb2pzb1rQ4DHce9zvkhNAWbe3My9ZRAjWhJTfTnhi9Myc6Dz9upw99SyjTSf67dANOkNsfZgxb2-EkSy8qRnEYJ8Zsfqw8rxR-7FnvSdq8ZXV8H6z6XHo0O0eLTZW1-Ik2SXUb8X1xjGyzmTXwI0z4kaHRQU7Jg8fH5jUP3p~QC6ZAAqyZaOyLuBv7n8LNO~I3quykoQpMHFLMbz6I-bCVkF8guIgpx8KIsAOF5Xviqw__&Key-Pair-Id=KUT5TJCACFTXG","The board considered a one-year proposal to hire Golden Shovel for marketing services (website creation/management, social media) with a $27,000 appropriation. Gary Clark and staff described the work and said the contract was routed through legal and staff review.

Trustees raised a procedural question: the contract text was not attached to the meeting packet. Staff acknowledged the omission and offered to circulate the agreement for board review. Following brief discussion about committee and legal review, a trustee moved to table the item until the next meeting to allow trustees time to review the contract document. The motion to table passed on a roll-call vote.

Why this matters: The contract was proposed as a cost-saving alternative to prior marketing work (staff said it was $27,000 versus a prior $100,000 arrangement). Trustees requested the actual contract language and terms before authorizing funds, citing standard due-diligence and committee review.

Next steps: Staff committed to forward the Golden Shovel agreement to trustees and legal counsel prior to the next meeting; the item will return for action once the document is in the packet.","Trustees voted to table a one-year, $27,000 marketing-services engagement with Golden Shovel after staff acknowledged the contract was not attached to the packet. Staff said legal had reviewed the agreement and will circulate the document ahead of the next meeting.","actionData","errors"]

Article not found

Votes at a glance: TAYO/TDA board approves budgets, property agreements and housing fund changes; marketing contract tabled

TAYO approves up to $8 million in TIF bonds to fund WPX headquarters incentive

Trustees raise permitting delays for large industrial projects; staff to follow up with contractors

TAYO projects smaller FY26 loss after $2.6M lot sale; board approves annual budget and relocation amendment

Marketing contract with Golden Shovel tabled until trustees receive draft agreement