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MAPS Trust sets FY2027 distribution at 4% after debate on rollforward rules
Summary
After discussion about which projects have operating agreements and whether unused prior distributions roll forward, the MAPS Investment and Operating Trust approved a resolution authorizing FY2027 distributions equal to at least 4% of average market value and asked staff to clarify spending-policy aggregation rules.
The Oklahoma City MAPS Investment and Operating Trust approved a resolution on Feb. 16 authorizing distributions for fiscal year 2027 equal to at least 4% of the investment pool's average market value, after trustees debated how unused prior‑year allocations should be handled.
Randall Lewis, assistant finance director, introduced the resolution and explained the dollar figure in the draft resolution was left blank so trustees could set a distribution percentage. "The resolution is written in a way where…
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