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Council approves $950,000 annual support agreement with Lawton Economic Development Corporation
Summary
Council approved a $950,000 agreement with the Lawton Economic Development Corporation—$450,000 from hotel/motel tax and $500,000 from CIP—adding a purchasing‑policy provision and directing a follow‑up executive briefing on LEDC activity.
The Lawton City Council voted to approve a $950,000 annual limited‑support agreement with the Lawton Economic Development Corporation (LEDC), with $450,000 allocated from hotel‑motel tax receipts and $500,000 from the 2019 capital improvement program. The agreement also requires LEDC to follow the city’s purchasing policy when spending city funds.
Kristen, a city staff presenter, outlined the funding sources and said the hotel‑motel portion is contingent on tax collections. Brad, representing LEDC, thanked the council for continued support and reported multiple active projects in development. Council members discussed oversight and metrics; one councilmember asked for language allowing the council to review and adjust terms during the year. The council adopted the agreement and scheduled a special executive‑session briefing with LEDC for the following Friday morning so elected officials could receive a detailed confidential update on active projects.
What’s next: the agreement was approved (7–0); council members requested an executive‑session LEDC briefing to review active projects and asked staff to prepare a performance matrix for future oversight.
