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Trust meeting roundup: minutes, claims ratified; multiple project allocations approved Sept. 23
Summary
The Oklahoma City Economic Development Trust on Sept. 23 approved routine minutes and claims and a range of project actions, including bid advertising for Myriad Gardens, a film-incentive assignment, interagency allocations for the Clara Luper Civil Rights Center and an agreement enabling up to $30 million for the MAPS 4 multipurpose stadium.
The Oklahoma City Economic Development Trust met Sept. 23 and approved routine business and several project actions summarized below.
Votes at a glance
- Minutes: Trustees approved minutes from the Aug. 26, 2025 meeting. - Ratification of claims: Trustees ratified claims for August 2025. - Item 4c: Trustees approved plans and specifications to be advertised for bids for the Myriad Gardens chilled-water installation. Staff said this work is funded from TIF 8 and is part of the Crystal Bridge project scope. - Item 4d: Trustees approved assignment of earned film incentives under an agreement with Safe House Films LLC to be assigned to Huntsman Film LLC, not to exceed $64,813, for the feature film project titled Project Mystery. Staff said the production has met the requirements to earn the incentive. - Item 4f: Trustees approved a memorandum of agreement between the City and the Trust to allocate funds from TIF 9 and TIF 15 to support construction of the Clara Luper Civil Rights Center, not to exceed $500,000. Staff described this as an intercity-entity transfer outlining fund movement between city accounts. - Item 4g: Trustees approved an agreement outlining allocation of funds to support the MAPS 4 multipurpose stadium, not to exceed $30,000,000. Staff stated the funding package was described as $20 million coming from TIF 2 and $10 million from Omni stabilization funds; staff explained Omni stabilization funds are governed by a debt-service threshold and can be repurposed if certain coverage benchmarks are met. (Transcript includes a garbled reference to a larger TIF-dollar figure; staff’s verbal description that the stadium allocation totals $30,000,000 and that the funding sources are TIF 2 and Omni stabilization funds is recorded in the meeting.) - Item 4h: Trustees adopted the Oklahoma City Economic Development Trust regular meeting schedule for 2026.
Other business: Trustees heard the general manager’s monthly report; no trustees asked questions. The meeting adjourned after the agenda items were disposed of.
All items listed above were approved by motion and vote at the Sept. 23 meeting. Specific vote tallies or named movers/seconders were not recorded in the transcript excerpt provided.
