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Inola trustees approve Sofidel expansion plan and establish tax-increment district
Summary
On Feb. 9 the Inola Town Board unanimously approved Ordinance 2026-03, creating "Increment District D" for the Sofidel Expansion Project and authorized a development and financing assistance agreement; the ordinance's emergency clause was adopted to make it effective immediately.
The Inola Town Board of Trustees voted unanimously on Feb. 9 to approve the Sofidel Expansion Project plan, adopt Ordinance 2026-03 to create "Increment District D," and authorize a development and financing assistance agreement with Sofidel. Mayor Darlene Shear moved the measures and the board approved them by unanimous vote.
The ordinance ratifies the findings and recommendations of the town's review committee and planning commission and names the Inola Industrial Authority as the primary entity to administer the project plan, including establishing a tax apportionment fund and using increment revenues to pay eligible project costs. The board also adopted an emergency clause to make Ordinance 2026-03 effective immediately upon passage.
Trustees framed the action as an economic development step to support the Sofidel expansion. The transcript records no dollar amount for the tax increment or projected revenues; specific financing terms and timelines were not specified in the meeting minutes and are not included in this record. The board voted to ratify the town's prior ordinance that approved the Sofidel Expansion Project Plan and to confirm roles for the Inola Industrial Authority, Rogers County and Inola Public Schools (Independent School District No. 5) in carrying out certain provisions of the plan.
Next steps recorded in the meeting were procedural: staff will continue with the administrative steps authorized by the ordinance and the Inola Industrial Authority will carry out plan administration and apportionment. No additional public hearings or detailed financing schedules were recorded in the transcript.
