Council adopts Southern Villa economic development plan and approves stormwater budget transfers

The Tulsa City Council adopted an economic development plan for the Southern Villa District and approved related ordinances and budget transfers affecting stormwater capital projects.

Ordinance and legal basis: The council approved an ordinance "approving and adopting the Southern Villa District economic development plan pursuant to [the] Oklahoma Local Development Act," establishing three new ad valorem and sales tax increment districts as outlined in the agenda materials.

Budget amendments: Council also approved an ordinance amending the fiscal year 2026 budget to transfer unencumbered and unexpended appropriation balances of $636,295.71 and $1,927,000, both identified in the packet as transfers related to stormwater capital projects.

Council action: The items were presented together on the consent/ordinance agenda as items 7a through 7e. No public speakers were recorded on those items; the council moved to approve 7a through 7e and the roll call recorded unanimous yes votes from those present.

Why it matters: The economic development plan authorizes tax-increment financing districts and related implementation steps that will guide public investment and private development within the Southern Villa District. The stormwater budget transfers signal city capital spending to support stormwater infrastructure projects tied to the broader capital program.

Next steps: With council adoption, city staff will proceed with implementation consistent with the Oklahoma Local Development Act and the plan documents; specific project-level contracts and capital work will be scheduled through standard procurement and capital project processes.

Ending: Councilors voted to adopt the plan and the budget transfers; staff will return with program and project-level details as those items move toward procurement and construction.