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Owasso to build TIF-funded public parking lot after awarding $187,777.35 contract

Owasso City Council · March 4, 2026

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Summary

Council authorized the award of a construction contract to Penny Dozer Service LLC for a Red Bud District public parking lot, accepting the low bid of $187,777.35; staff said the lot will have 39 regular spaces and two handicap spaces and will be open public parking.

The Owasso City Council authorized a construction contract for a public parking lot in the Red Bud District and approved expenditures from the district’s tax increment financing (TIF) fund.

Dwayne Henderson summarized the procurement: a mandatory pre-bid conference on Feb. 12 drew 22 companies and 12 bids were opened on Feb. 19. Penny Dozer Service LLC submitted the lowest bid of $187,777.35; staff said that amount was below the engineering estimate and recommended awarding the contract.

Henderson said the city will use the site for 39 regular parking spaces and two handicap spaces and that the lot will be public and open during daytime hours, with potential nighttime or event requirements to be enforced as needed. Funding will come from incremental TIF revenues authorized by the adopted project plan and budget for the Red Bud District.

Councilors moved and seconded approval and the motion carried by voice vote. Staff will proceed with contract execution and construction.