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Council approves $2.8 million loan and related infrastructure and training items
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Summary
The council approved a $2.8 million downtown redevelopment loan for an 80-unit project and approved a stormwater change order, a fire-training course authorization and an equipment donation to the police foundation.
Tulsa City Council voted to approve several items intended to advance downtown housing and infrastructure, including up to $2.8 million in redevelopment loan funds to support a proposed 80-unit apartment building.
Public commenter John Huffines described the downtown loan and related items as supporting “housing security” and praised partnerships with the Tulsa Authority for Economic Opportunity. Aaron Persley gave councilors a brief project overview, saying the proposed 3D Flats would be an 80-unit, seven-story building with two stories of parking (about 50 spaces), financed in part by a $2,800,000 loan with a six-year term and a 6% interest rate; he said 13 of the 80 units would be designated workforce/affordable housing.
Councilors moved and adopted approval of agenda items 4b through 4e on a roll-call vote. Among the items approved were a $438,220 change order to replace stormwater structures and piping along Utica Avenue, authorization related to National Fire Academy training for city personnel, and acceptance of a $10,145 specialized storage box donated by the Tulsa Police Foundation for the police community response team.
During discussion councilors noted the workforce-affordable units would target households earning roughly 30%–80% of area median income (AMI); one councilor cited AMI for a family of four at about $58,000 and estimated those units would be priced for households earning roughly $18,000–$40,000. The motion to approve items 4b–4e carried on a roll-call vote recorded by the clerk.
