PBA board moves $800,000 to ICB capital account and approves additional bond allocations for county projects

The Oklahoma County Public Building Authority (PBA) approved a transfer of $800,000 from PBA reserve funds into the ICB capital account to support a remodel project, and took companion actions tied to bond-funded capital projects.

PBA members also moved to support access to an additional $2,000,000 from the PBA 2024 bond series for investor capital and approved an extra $200,000 for an architectural contract tied to JJC courtroom build-outs. The PBA approved funding increases related to roof repair and associated demolition at a 7401 Northeast 23rd location.

Meeting material tied items 4 and 5 to companion BOCC actions taken earlier in the day. PBA representatives said the board has used $8.5 million of the original $15 million in the initial bond series and that a second bond series may be necessary depending on project ratings and priorities.

All votes on the items recorded in the PBA session were approved by motion and voice vote.