Economic development authority to order.

Pickle here.

Green.

Here.

Ford.

Here.

Parks.

Here.

Wimpy.

Here.

Are there any items to be removed from the consent agenda?

Make a motion to approve the consent agenda as it stands.

Second.

Roll call.

I would I would like to make one comment.

It's not it's then it's not relative in terms of your decision, but I wanted to mention on item number D, if I can, real quick.

I was thinking about pulling that off, so I'm glad you're I'm glad you're saying that.

Yeah.

So just for uh the council or the authority, is that uh obviously in 2023 the the uh voters overwhelmingly approved the renewal of the uh franchise with PSO for electricity, and as a part of that, that included increasing the uh franchise fee by one percent to be dedicated for economic development.

This one of the first applications that we had, and and the way the the process works is that any time there's requests that has to come before the council and or the authority, and so they requested some assistance with uh actually uh unexpected uh work that need to be done in in regards to the ONG line that's that's um underneath Elm Place, and so they requested the funding and then determined that it wasn't necessary, and so actually I wanted to be just clear, transparent is that actually what was approved now.

Basically, we're just closing this out.

So they didn't need the money after all.

I read that twice.

I'm like, they didn't need the money.

Yeah, that was good.

That was good.

All right, item six is general authority business.

Item A is consideration discussion of economic development briefing sheets for the first quarter, calendar 2026.

Travis Stevens Council Parks, we need your vote on that consent agenda.

I decided yes.

Definitely got it.

Hi, sir.

Good evening, Chair, trustees, city manager, great to be before you tonight.

My first economic update.

So I'm I'm uh honored to have this opportunity and join this discussion with you guys and happy to answer any questions you may have.

Like I said, this is our first update.

I want to just kind of give you a little context on what we're calling these briefing sheets and how we got here.

Uh Christy McLean from the TED team, she joined Ted.

Actually, today was her six month anniversary.

Um so kudos to her.

I joined Ted about three weeks after her.

And one of the things we quickly discovered as we were onboarding and acclimating uh to our new roles were these economic development agreements and how vast and complicated they were and pretty intimidating actually when you kind of start reading through them.

And so as we tried to wrap our hands and heads around these things, um, I think and I'll give all the credit to Christy, she's done most of the legwork on these.

We came up with the idea of of these summary sheets, and it was really to help us and and organize it to where we could quickly understand if we want to go back and find something, get through these amendments, and then at the previous council meeting, Justin Green's uh councillor green said, Hey, I'd like an economic update where where there are updates, and so we said, Hey, we've got these excellent briefing sheets we just put together for ourselves.

We can share these with city council and and the trustees of beta as well.

So uh keep in mind this is our prototype, our first run at these.

So happy to take feedback, anything you feel needs to be added or included in these.

More than welcome to incorporate these moving forward.

So, just real quickly to go through the structure.

I don't know if you guys have access to these on your screen, but or have had a chance to read through them.

So this is just the reader's digest version of these EDAs.

Uh, a who, what, when, why, how quick quick reference guide.

So quickly at the at the top, you see parties, so it's just who's involved, who's the developer, obviously the city is a partner in these as well.

The key dates and deadlines that we need to know are the developers sticking to them, um, what are they what's on the horizon, and just the numbers.

So as you read through an EDA, it it could be 20 pages and a lot of text, and those numbers just kind of jump off the page at you.

So we thought, oh, this would be a great great thing to summarize city obligations, developer obligations, who's doing what, who's accountable for for when things are supposed to take place, the clawbacks and default mechanisms, what happens if they don't live up to their end of the bargain, and then the summary, which is really just a catch-all of anything we wanted to include as well.

So as we dig in, Hackberry Market.

Um, if you'll if you'll realize or uh as a reference, it's south of the Creek Turnpike, just off aspen.

If you drive out there today, you see a big dirt field with some parking lot paved, uh, and a big sign that reads future site for Home Depot.

Uh Hobby Lobby is part of that as well.

As you just kind of read through the summary, you'll notice that it is a TIFF district.

Um, you'll see the all the numbers there, how much square feet is required, the the total investment of the project.

Um, and I will just kind of as far as an update of I think what everybody really wants to know as far as timelines.

Um Hobby Lobby has mandated to the developer that they be up and running before the Christmas season this year, and Home Depot should be shortly right at right behind them as far as a uh open date.

Um there are a bit of moving targets, so we don't have the exact um dates yet, but I'm sure those will be coming out shortly.

Next, we have Adams Creek.

This is just east of Lowe's on Hillside Drive.

If you've driven out there, the thing that people keep remarking is how quickly this is going vertical and how quickly the walls are going up.

Their completion deadline, if you look at that, is not until May 31st, 2027.

Um they haven't told us this, but just looking at it, it looks like they're going to be way ahead of that that timeline.

Uh city obligation, this is a sales tax rebate TIFF as well.

Um so the great thing about this structure.

One thing just real quickly on these EDAs and what's helpful for these summary sheets is no EDAs are alike.

Everyone is unique and different, and so we feel like this is a really good helpful way to just kind of recognize that as well.

Um this project is also ahead of schedule.

Uh, as far as any any updated news, we have been told that a restaurant is pending on one of the out parcels, and then the developers really excited about, but they haven't told us which restaurant that is yet.

They just said it was it was a big one that the community will really appreciate.

So we're excited to hear hear what that will be shortly.

Next, Aspen Ridge.

That's the research development, just off north of the Creek Turnpike again off Aspen.

Um, a lot of activity out there as you drive if you drive out there.

Uh a lot of dirt being moved.

So Freddy's uh the foundation, I think it was poured last week.

You can see that coming out of the ground.

168 unit apartments.

Uh, if you look behind research, you see mounds of dirt and lots of heavy equipment being moved for that project.

Uh they just finished a four-unit commercial building that's um will soon be ready for occupancy.

Signed for a car wash will be coming out of the ground pretty pretty soon.

Um, and then the developer has indicated to us that they are in talks with three different restaurants that they only have room for one, I believe, but um they're zeroing in on on who that's going to be as well.

On peat development right across the street on Aspen, just to the west.

Um a lot going on on out there.

I will tell you the uh the goal out there was a couple new restaurants and the recruit a mid-tier hotel.

Um progress so far, as you guys probably are aware.

If you've seen you you've obviously seen a McDonald's out there, you can see the building.

It's it's it's gonna be coming online soon.

Seven brew is in the development stages just south of McDonald's, and then a credit union just south of that.

Uh also the foundation has been poured if you if you go out there and look as well.

Uh there is a um just kind of one thing to have on everyone's radar is when you look at clawbacks in that section.

Uh they were obligated to have a national full service restaurant, sit-down restaurant by June 30th, 2025.

They have they've obviously exceeded that.

So that just triggers if we so choose, the city could buy that property back, turn around, work with a different developer and in hopes to get to that restaurant.

The best case scenario for us is to hopefully that this developer will finally come through and get that restaurant.

Otherwise, it's just more time.

It's working with another developer.

Um but I do believe we're we're probably getting pretty close to that that window as far as allowing that developer to continue that.

So that may be a uh a clawback that we we utilize here pretty soon.

Shops at Aspen Creek.

Uh this is immediately east of the Warren Theater.

This is really the only uh EDA that's that's still kind of in the pre-development or pending stage.

Um the rub on that is they the developer has been communicating it to us.

They have several let's call them just second-tier box retail uh retailers that are ready to go with letters of intent, but it's all pending on a on a big anchor tenant that everybody's uh basically the the other retailers have said if they come, we're coming.

And and so we have been told by the developer for probably about six weeks that this company they have a committee, it goes through several levels of of approval.

It's on that last, whatever their highest committee is to approve this site.

Um it was supposed to happen a couple times, it keeps getting delayed.

The developer has assured us that it's happening this week and that we should know something this week, knock on wood.

So uh the last one, I apologize.

There was a duplication.

Tiger Crossing, or next to last one, directly across the street from Broken Arrow High School to the north.

If you drive out there, you see a lot of dirt moving as well.

This is uh a much smaller uh not just let's call it a non-power center, but um seven pad sites, no reports on what type of business is coming in.

But these are gonna be more your your donut shops, sandwich shop, insurance agent kind of kind of office space.

Uh and then lastly, we have Creek 51, which is the industrial park.

Um there's three three businesses operating now, a couple of lots have been sold, and a couple more are still out there.

Uh the EDC continues to steer industrial projects there as well as as Aero Forge.

Um, so that's what we have to show if any large manufacturer wants to come to town.

That's our that's what we have to offer.

So with that, happy to take any questions or feedback on what you guys would like to see in the future on these updates.

So yeah, I think they this layout is great.

It gives you quick information that is readily, yeah, easily to appreciate that.

Yeah, thank you on that.

I'm sure we can all say we've we all get questions all the time.

Well, when's this coming?

Yeah, how far is that going?

Did they get this by doing that?

So this does help.

I appreciate you guys taking the time to put this together for us.

Um I did have one question over on peak.

I was driving by there today, and I noticed they have uh their McDonald's sign up.

They have one of the really tall ones.

I was like, I didn't know that we couldn't remember if we allowed those or what the guidelines were on that.

So I'm gonna have to just for yeah, a sister department, so right.

Or brother, or brother.

I knew that was coming.

I have four girls, so I'm gonna so when we go through the development process, we do review they have to submit for a sign permit, and that's one of the the review processes, and it does meet our sign code based on the type of sign they wanted to install.

Okay, okay, and because it's the reason for that is is because it's location near to the turnpike, so that way people drive on the turnpike and see it.

If you put a lower amount of sign, it wouldn't be visible from the turnpike, and people mostly think we had an issue with one across the street.

They had to redo fantastic.

We may need to remind the one that's being a little slow that we are the number one best place to live in the state in the 12th of the nation.

You better pick it up.

Someone else is gonna scoop in.

Mayor, if I may, yeah.

So I I wanted to talk to Travis, and I'm glad to have James and Amber here.

Is it's with this matters with regard to the uh entrant signage for AeroForge.

So a couple of years ago, council talked about we share some some uh renderings and gave an approval essentially.

I'm gonna bring that back to the council this spring and just reaffirm council's support of that of what was talked about because now it's time to actually finalize and move forward because uh we're we're essentially just about finished with with uh the basic infrastructure that we we ought council authorized in uh a year and a half or so ago, and so I just want to make sure everybody is still comfortable with that design.

I think it looked amazing, but we were talking about moving forward, and I said I just want to since it's been a while, uh I want to bring it back to council.

So I'm gonna work with with Amber and James and Travis to bring that back to you at some point just to just to reconfirm council's desire to move forward.

Okay, thank you, sir.

All right, all right.

Thank you very much.

All right, remarks and uh by governing body members, city manager.

Uh Madam Chair, I just want to mention is I uh we had our community partners meet today, and and James announced that uh they'll be moving to their to their their uh new office space uh later this week and that they'll be operating operating next month.

And so I'm very excited that uh uh they found a great place, a lot of work has gone into it, and very happy for them that they're moving.

And and uh I just can't tell you how much I appreciate him and Amber and their entire team and all that they do, you know, in our partnership, and uh and also their thank my thankfulness for their help with uh with the bond package and uh not only being a partner to us but also taking the initiative to communicate with their memberships the importance of the public education piece.

And so I just want to say thank you to you, James, to your and your team.

It's exciting to move, but it's a mess, so we'll be thinking about you.

That will create additional space for the school district and the superintendent and the president of the school board talked about the need for space uh today at the meeting, and so obviously they probably already have dibs on where everything's going, but it's really really needed administratively, and so uh this is a this is a good for for both for both of our partners.

Okay, we have no executive session motion to adjourn.

Second I'll make a motion to clear the room uh and get ready for our executive session for city council.

Second pickle, yes, green, yes, forward, yes, hearts, yes, whimpy, yes.

Good job.

Thank you, sir.

I'm in big trouble.

If they're putting a seven group by that McDonald's, my wife.