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Jenks council approves TIF assistance and agreements for Raw Pickle LLC development near the outlet mall
Summary
Council approved a development agreement and security agreement enabling tax-increment financing and reimbursements for sewer infrastructure to support a multi-use project by Raw Pickle LLC; the authority and the city each approved companion resolutions.
The City of Jenks approved a set of agreements to support a proposed Raw Pickle LLC development in the Jenks River District, authorizing tax-increment financing (TIF) and related security arrangements.
Nate Ellis, an attorney with Public Finance Law Group, told council the project site is a 10‑acre parcel immediately south of the Creek Turnpike along the river and near the outlet mall. The planned uses discussed include an In The Raw restaurant, a Bahama Bucks franchise and a medical spa, with additional potential projects under consideration. Ellis said the developer has requested assistance for infrastructure and site improvements not to exceed $4,270,000.
Ellis described that the developer will complete certain sewer improvements, with a subset — about $680,000 — to be reimbursed within 30 days of completion and acceptance by the city; the balance of assistance would be repaid over time from tax‑increment revenues generated by the site. Ellis said the costs are authorized project costs under the adopted River District project plan.
Council and staff described the project as public infrastructure that will benefit the broader area. Staff noted that the sewer work will tie into a lift station on the southwest corner of the outlet mall and said the improvements would enable additional hook-ups from undeveloped parcels south of the site.
Council approved resolution 874 authorizing the Jenks Economic Development Authority to assist the city in carrying out and administering the River District project and approved the economic development agreement, a security agreement related to certain TIF revenues, and authorizing use of assistance in development financing. Later in the meeting the Jenks Economic Development Authority approved a companion resolution (2025‑02) accepting the authority’s responsibilities under the project and approving the same security and assistance documents. Both votes were recorded as unanimous.
The council discussion included a note from staff that increased sales-tax producing developments in the TIF area can leverage additional local benefit through state matching provisions. Council cautioned that the mall’s timing and decisions (Simon Property management) are separate matters and may affect project sequencing.
Ending note: With council and the authority approvals, the agreements are authorized; the economic assistance will be subject to completion of required infrastructure and acceptance by the city before reimbursements are released.
