Council amends economic development agreement with High 5 Entertainment after executive session; construction to begin within six months

Jenks City Council entered an executive session to discuss an amendment to the economic development agreement with High 5 Entertainment and, on returning to open session, approved a first amendment to the disposition and economic development agreement.

The motion to enter executive session cited the confidential nature of economic development negotiations and the possibility that public disclosure would harm the city’s bargaining position. The meeting record notes the council went into executive session and returned at 6:30 p.m. with no votes taken during the closed session.

In open session the council considered Item 6, described as a first amendment to the disposition economic development agreement with High 5 Entertainment. The mayor read the amendment’s highlights: construction must begin within six months of approval and the project is to be completed by Dec. 21, 2027, among other changes described in the packet. Councilmember (mover) moved to approve the amendment; a second was recorded and the roll-call vote was unanimous.

Council congratulated the parties and encouraged timely progress. “Congratulations, gentlemen. Better get some shovels. Let’s get going,” the mayor said after the vote. The amendment and its implementation schedule are now part of the city’s record; staff will track milestones and report back per the agreement’s reporting requirements.

What happens next: The city and High 5 must meet the amendment’s timelines (construction start within six months and project completion by Dec. 21, 2027). Staff indicated they will monitor compliance and follow contractual remedies if the developer fails to meet obligations.