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Council approves construction and operating agreements for Lton Youth Sports Complex tied to $88.37M bond
Summary
The council ratified a development agreement, a construction-manager-at-risk contract with Bolt Company, and an operations agreement with the Lton Youth Sports Trust Authority; bond proceeds from an $88.37 million package will fund part of the project.
The Lton City Council unanimously ratified a package of agreements on March 11 that set the legal and procurement framework for the Lton Youth Sports Complex.
Key approvals included: (1) a construction-management-at-risk (CMAR) agreement with Bolt Company to provide pre-construction and construction management services and to develop a guaranteed maximum price (GMP) for the project; (2) a development agreement designating the Lton Youth Sports Trust Authority as developer and tying bond proceeds to project delivery and compliance with the Oklahoma Competitive Bidding Act; and (3) an operations and management agreement appointing the Authority as the city’s exclusive agent to operate and maintain the complex once constructed.
Tim (city staff) explained the CMAR is two-phase: a pre-construction phase to develop the GMP, which the council must approve, and a construction phase initiated by a notice to proceed. The development agreement secures the bond proceeds—part of a sales-tax revenue bond series (2026A and 2026B) with an aggregate original principal amount referenced in the record as $88,370,000—while preserving the city’s rights to approve the GMP and issue the construction notice to proceed. The operations agreement ties facility staffing, budgeting, maintenance and insurance responsibilities to the Authority and includes checks for major debt or litigation actions and a fiscal-year alignment for renewals.
Council and staff thanked volunteers and members of the Authority for a multi-year effort to advance the project. Brian Henry, chairman of the youth sports authority, said the region’s youth-sports participation has grown substantially and stressed the city’s need for indoor capacity: "We're here because they’re already here," he said, noting demand for more indoor playing space and tournament capacity.
What happens next: Staff said bid documents would be released imminently and the Authority and Bolt will proceed to develop a GMP to return to council for approval. Groundbreaking and dedication events were described as imminent; staff noted bond closing activities were scheduled related to the 2026 bond series.
Representative quote: "Bolt will provide pre-construction and construction services and will develop a guaranteed maximum price that will come back to council for approval," Tim said.
