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Jenks Public Works Authority approves six-month extension for Oak Properties LLC development (transfer-back clause included)
Summary
The Jenks Public Works Authority approved an amendment extending the certificate-of-occupancy deadline for the Oak Properties LLC development at 106th and Elm from June 30, 2025 to June 30, 2026; the agreement provides that failure to comply will trigger transfer of the property back to the authority.
The Jenks Public Works Authority approved an amendment extending the deadline in an existing economic development agreement with Oak Properties LLC. The original agreement (02/21/2023) authorized conveyance of 38 acres at 106th and Elm for a baseball complex and associated retail, restaurant and hotel development, with a…
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