Trustees approve minutes, TIFF budget amendment and four housing agreements

Partner Tulsa trustees voted unanimously Thursday to approve amended minutes and a slate of fiscal and developer actions, including a budget amendment to the TIFF (Tax Increment Finance Fund) for FY 2025 and four separate developer agreements for affordable housing projects.

The board first approved amended minutes for a prior meeting and the consent agenda (Section 3, items a–d) by roll call. The vote was recorded in the meeting roll call and carried without opposition.

The trustees then approved a budget amendment to the TIFF budget for FY 2025. Staff presented the requested amendment as an increase to several TIFF line items to cover shortfalls and to transfer receipts for future debt payments for two projects (Santa Fe and Ballpark). Finance staff said the amendment was needed to cover a nearly $6,000 shortfall that arose when Dallas Public Schools was paid in February despite one arts district TIFF having insufficient balance. The motion to increase the appropriation passed on a unanimous roll call.

Following the budget amendment, the board considered four separate developer agreements (agenda items 6–9). Staff said these amendments update the Portable Housing Trust Fund agreements and schedule start and completion dates previously negotiated with developers. The trustees took four separate votes, approving each agreement individually: - Item 6: Agreement with 614 Properties and Management — motion approved (roll call: all trustees voting “yes”; amount not specified in the agenda discussion). - Item 7: Agreement with Sunshine LLC (three duplexes, six units total) — motion approved; staff cited a $200,000 allocation for the project. - Item 8: Agreement with BoomTown Developments — motion approved; staff noted a $300,000 allocation and that this is the second amendment to the agreement. - Item 9: Maplewood project, second amendment — motion approved; staff said the developer requested a revised start date (June 30) and the completion date remains October 2026.

Each vote was taken by roll call and recorded as “motion approved.” Board members who participated in roll calls included Craig Abrahamson, Carl Bracey, Jennifer Griffin, Eliana Hurtado, Andy McMillan, Steve Mitchell, Mayor Mary Nichols, Joan Parker, Ashley Phillipson, Katie (last name variously transcribed), and Terrell Siegfried (votes recorded as “yes” for the listed items). Staff noted that the housing amendments were negotiated in conversation with the developers and that the delays were attributable to capital-stack timing and other financing logistics.

The trustee chair adjourned the meeting after the votes and moved on to the rest of the agenda.