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

2316737 · February 15, 2025

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Summary

The county's Public Building Authority approved transferring $800,000 from reserves to an ICB capital account and authorized additional allocations from 2024 bonds to support remodels, architectural contracts and roof repairs.

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.