All right.

Good morning.

Welcome to the Tulsa Authority for Economic Opportunity regular board meeting for Thursday, March the 26th of 2026.

Aisha, would you call the role for us, please?

Yes, sir.

Greg Abraham?

Here.

Counselor.

Paul Bracy.

Tyler Duncan.

Here.

Jennifer Griffin.

Elian Hertata.

Andy McMillan.

I'm here.

Steve Mitchell.

John Park Hurt.

Here.

Ashley Phillipson.

Kate Nikla Hockey.

Sir Ralph Seekford.

Here.

We have a form.

Excellent.

All right.

Item two on our agenda is the review of the consent agenda.

Request to remove items from that agenda for separate discussion, consideration, and vote.

Are there any such requests?

Hearing none.

Item three.

Consider, discuss, approve, amend, revise, or reject, vote to approve.

Consent agenda items A through.

Oh, A through B.

I was really looking for that to roll over the second page.

Items A and B on our consent agenda.

Is there a motion on the consent agenda?

So move.

There's a motion.

Is there a second?

Second.

There's a motion and a second.

Would you call the roll, please?

Yes.

Greg Abrahamson?

Yes.

Counselor Bingle.

Yes.

Paul Bracy.

Yes.

Tyler Duncan.

Yes.

Jennifer Graffin.

Yes.

Andy McMellan.

Yes.

John Parkhurst.

Yes.

Terrell Seaford.

Yes.

Motion approved.

All right.

Our consent agenda is approved.

Item four is the consideration of anything removed from that.

There were none.

So we move on down to item five.

Consider discuss and approve and then revise or reject an agreement with the global district authorizing the transfer of $10,000 from the Tao microgrant budget.

And I believe Michelle is going to speak on this.

Good morning, Michelle.

Hey, thank you.

That was very quick, guys.

Yeah, quite right.

But anyway.

Oh no, you guys are like getting with it.

It's good.

Okay, so you guys are familiar with over the past couple of years.

We've been doing a series of microgrants.

Most of those have been through Avanzando Juntos.

We do these typically is $10,000 blocks with uh with a sub that we do a contract with.

Uh for this one, we're doing a work um this one will actually be with the global district.

Um his official name is the East Tulsa Main Street LLC, by the way.

Um so that's what's actually in the in the contract documents.

This will be a little different too, in that we're not only moving to adding another organization, but we're doing this as technical assistance that's being offered rather than a cash grant.

Um in this one, um the global district will be providing technical assistance in the form of uh targeted advertising on the uh social media for businesses and then doing training for them on advertising for social media.

Uh same as before.

Any there are any questions about the program.

I'd be glad to take those.

Any questions for Michelle on this program?

Okay.

You guys is old hat by now.

You're good to know.

Yeah.

Great.

All right.

Well, is there an is there a motion on item five?

Motion confirmed.

There's a motion and a second.

Would you call the roll for us, please?

Yes.

Craig Abrahamson.

Yes.

Counselor Bingle.

Absolutely, yes.

Paul Bracey.

Yes.

Tyler Duncan.

Yes.

Jennifer Griffin.

Yes.

Andy McMillan.

Yes.

Steve Mitchell.

Yes.

Joan Parkhurst.

Yes.

Terrell Seagford.

Yes.

Motion approved.

Excellent.

All right.

Moving on down to item six.

We have an update on the common good RFP from Damari.

Morning, Mari.

How are you?

Morning, everybody.

Morning.

So I wanted to just provide a high-level update on the Common Good Grocery RFP.

Tomorrow is actually the deadline for final submissions for the RFP.

Um, in quick summary, uh, we're in partnership with the Common Good in Northwest Tulsa to find an operator for uh grocery store that was formerly occupied by Warehouse Market, if you guys are familiar.

Um I always want to say Southwest Boulevard, but I think that's Southwest 49th, if I'm correct.

Um, 16,000 square feet, um, and it's very unique because most big box stores don't operate in spaces like that.

So um if I can provide context, um Aldi, if you shop at Aldi, they typically run anywhere from 20 to 30,000 square feet, so you get a feel of uh kind of what the footprint looks like.

So um we released the RFP in the very end of January.

Um we did a few things to kind of build out this RFP process, such as have conversation with associated wholesale grocer who is a distributor in this region.

Uh they're based out of Kansas City, but they have an office in Oklahoma City.

Um had conversations with them about improving or updating the latest market study uh for the area.

The last one that was produced was in 2022, so of course there's some information and some uh some numbers that need to be updated to kind of reflect where we are now and how grocery stores operate.

So we also had a conversation with Councillor Bellis uh a couple weeks ago, just so she's well informed and she knows um what to expect out of this and lastly we've also connected with uh the National Grocers Association.

I had an opportunity to go to uh their show um a couple months ago and connect with a couple of other distributors, other uh wholesalers, um independent grocers just kind of develop some context and understand this world a little bit better.

So since all of that um we have received um just a few letters of intent.

So we're hoping to have everything, all final submissions by tomorrow.

Um from there we'll be able to kind of discuss in April what it looks like to award an RFP if things are done well, and um I'm hoping that you know we don't have any reason to extend the window.

Um but if we do, it's for for proper reason I I'd be aware of.

So um open any questions.

Uh like I said, I want to provide as much high-level information as possible just until we receive everything tomorrow.

Once that window closes and those RFPs come back in, it's uh it is it is your role to go through and and help advise on top select come up with that rubric and top selection for for who that is.

Absolutely.

Absolutely.

Yeah, so in our RFP that's the link is on our website, of course.

Um it says what you know the grading rubric grading rubric will cover um the feasibility, you know, what their experience is as an operator, all those various things.

And are we providing that advice back to common good to say, hey, here's who we suggest for you, or are we making that selection for them?

Uh I believe they'll be at the table with us making that selection since ultimately they'll be their landlord.

Right.

Um so the space will be available for lease.

So common good will have them.

They'll be right next door to them.

So we want to make sure that they are fully involved.

All right.

Other questions?

It's a good project.

Yep.

Thank you.

Thank you for the update.

No problem.

All right.

I just want to note what's on the agenda for time versus where we are in the agenda.

I knew that was coming.

Great job, man.

Great job.

Right.

All right.

Uh item seven is a proposed executive session.

First one, 25 OS section 307 C11.

Uh, for the purpose of conferring on matters pertaining to economic development, including financing, real estate development in the downtown area where public disclosure of the matter discussed would violate coverage.

Okay, so does this is there a motion to convene in executive session?

So there's a motion, is there a second?

Second.

Or a third.

There's a motion at a second.

Would you call the role, please?

All right.

And we'll have Mike and Karen.

Say that again.

Craig Abraham?

Yes.

Counselor Bingle.

Yes.

Paul Bracy.

Yes.

Tyler Duncan.

Yes.

Jennifer Griffin.

Yes.

Ellion Hertis.

Yes.

Andy McMillan.

Yes.

Steve Mitchell.

Yes.

Joan Parkhurst.

Yes.

Terrell Sinkford.

Yes.

Yeah.

All right.

So we have to do that.

Trustees we need a motion to return from our executive session to open sessions.

There's a motion and a second.

We're gonna count that as a second.

Right.

And please call roll.

Craig Abraham?

Yes.

Call Bracey?

Yes.

Tyler Duncan?

Yes.

Jennifer Griffin?

Yes.

Elliana Hertata.

Yes.

Andy McMillan?

Yes.

Steve Mitchell.

Yes.

John Parkhurst?

Yes.

Terrell Seaford.

Yes.

All right.

We are back in open session.

Item eight is the executive session minute.

During the executive session, the trustees discussed a mixed use and residential development at the Bulcade building.

Um we will note that Councillor Bingle exited the executive session at nine forty-seven.

All the other truck all the other trustees present for the uh for the open session were present for the executive session, and that is our executive session minute.

Uh item nine on our agenda.

Consider discuss and approve and then revised rejected development and financing agreement for five oh one Boston partners in the Bill Cade TIFF.

Um I think we have had a discussion around that, and so if there is a motion on item nine.

Tyler Duncan?

Yes.

Jennifer Griffin?

Yes.

Ellie Anhart.

Yes.

Andy McMillan.

Yes.

Steve Mitchell.

Joan Parker.

Yes.

Approved.

And we wish the best of luck.

Uh item ten.

Monthly budget to actuals.

Uh Lynn is going to speak to us on that.

Um, I've made a few changes to the report, and so we'll go through them.

Uh we can start on page three.

Um as you can see, uh our we're running with a surplus this year as it um and I have detailed that on page eleven.

You don't have to go to page eleven.

Because we'll get there.

Um, but I just wanted you to know I've just added a few things to the report just to try and make it a little bit more transparent.

Um on the next page, I've also uh yeah, I've added a column there that says month to date actuals for February.

These were the transactions in February.

Um I thought that this might help um pinpoint what actually changed from the previous previous month.

We know about the parking operations.

The lease revenue is in line with what we get every month.

Mostly that's the revenue from the American Airlines hangar, the ground lease, and the wheel and break center.

And then the interest income is the pooled interest income as well as the investment earnings.

On page six.

Okay.

So this is what you've seen every every month on the parking revenues.

As you can see, it's about 120,000 over the annualized target for this point in the year and almost 300,000 above American Park Teams target for this point in the year.

The the parking operators narrative of this is on page 14 and 15, but you don't have to go to that.

Sorry.

So on page six.

Please.

Okay.

Okay.

So there's really not this is where I told you I've detailed the revenues for different things.

And then I've added the information down here that of the investments were Tao.

It doesn't show on the reports that I just showed you, but I just wanted you to know.

So moving forward, one page, please.

Just the graph that you see every month.

Forward one page.

There's really nothing surprising there, nothing to note other than you'll see that there's a credit for other services.

On the next page, I've detailed the other services expenditures because it looks like as we talked about last month, it looked like we were really skewed, but that was my fault because I hadn't updated first of all the budget for a budget amendment that we had done last fall.

And then I had also I think said that the there was the community arts initiative projects of comprised 150,000 of that 195, but it's really just 100.

But anyway, moving down, I've split the expenditures, the major expenditures into departments for TAO.

So you can see where the monies went.

So the majority of the money went through the admin department, which is where we run all of our expenses.

So that's what's skewing the numbers and making it look like we're really overspending.

However, we're not.

Just to make a note of that, um, just to note for future, uh I'm going to move that BBBRC grant monies to a different fund next fiscal year so that it doesn't throw off the numbers like that.

But all of those are there, it's just a wash.

We get the money, we spend it.

Then on to the next page, please.

Um this is what you see every month.

Nothing new on that page.

I don't think there's anything new we need to note there.

And then on the next page, I've broken down approximate numbers for the surplus detail where the reason we're showing such a surplus at this point in the year.

And a lot of that is not going to reoccur again.

Like for instance, um, the sale of the auto.

I know it's a small amount, but I thought you'd like to see it.

Um the reimbursements from the NCOG, SOBON and Subway won't reoccur.

Uh the admin fees we're still collecting some of those, so um that'll be ongoing for a few more years.

Uh additional revenue for the wheel and break, uh additional uh interest income, and the BBBRC grant revenues, and then uh program administration, and then uh 868,000 that we transferred to the operating funds so that we could invest it for the parking revenues.

Um it's all in the investment account at BOK.

I didn't separate the investment for parking from the investment from into a different uh account at B OK, so we just have one account at B OK, but um anyway, that of course will not be reoccurring, and then the cash balances Lynn on this may not be a you question, uh the wheel and break center and I guess Lancing and whatever areas wheeling break a like a triple net lease, are they responsible for maintenance on their on the facility or not?

So I thought that was the case, but memory was fading on that one.

Okay, and then um if we go forward, oh I'm sorry, just one page, then you'll see your the chart.

Lynn, I'm sorry, are those numbers on the bottom, the balances after the transfers listed on the top on that page?

Like the transfer to the operating fund uh from parking fund, is that on the bottom of the balance of the parking fund?

Does that include the transfer uh the transfer or before the transfer?

Uh it's reserved for uh future tax.

That 868,000 is 3.7.

I'm sorry, it's in the before or after the transfer.

The balance.

The balance is after the transfer.

Thank you.

Any other questions?

Questions for Lynn?

All right.

Okay, Lynn.

I'm sorry.

Thank you.

I'm not I'm not sure.

All right.

Okay, so then of course the chart that you always see, and um then on page um 14 and 15 is the operator narrative or the the um parking.

Then on the last um two pages, this is just a continuation of what we talked about last month um with the affordable housing trust fund.

Um page 17 is what you saw last month, and then on page 18, I just um detailed that a little bit more fully so that you could see where the monies were for the affordable housing trust fund.

Any questions?

Okay, so um next month uh we'll talk about the budget, but I also wanted to ask you because our presentation is getting so long, and I know you like it short and sweet, but is there anything that you'd like me to start presenting that I'm not already presenting?

Is there anything you'd like me to stop presenting that I'm presenting?

So um you don't have to tell me today, but you can think about it.

So we talked about this at the meetings and uh it seemed like we've expanded quite a bit, but we could send the whole report to everybody ahead of time, but uh we might summarize a little differently for the presentation of what everybody thinks.

I think we will probably defer to your uh to your recommendations.

Yeah, I mean if the financial committee is already reviewing all that, I think that the shorter, the shorter, yeah.

We'll talk about that.

Okay.

Sounds good.

Thank you.

All right.

Thank you.

Looks like we're ready for our monthly staff.

All right, here you go.

If you can't hear me, I can't hear myself, so let me know.

Um, great, admin.

Um so first, I think to the point about the finance committee and the incentives committee, I'd like to just thank you all for continuing to be engaged.

We're um we're heading towards our last quarter of the fiscal year, and I feel like versus where we were 12 months ago, I feel like the board, the committees, the staff, I feel like there's just so much more alignment, and I feel like we're able to have these efficient um board meetings because we are going through that process, right?

We're bringing things to the committee.

If the committee feels like it needs to be talked about with the board, we're bringing it up here, and I feel like we are able to be much more effective and productive over the last 10 months, and I appreciate your guys' help on doing that, um, especially operationally.

Um right now we stand at 18 plus an intern as far as head count goes.

We have two technically open positions.

The director of business um of small business entrepreneurship.

Um, as you can see, Jonah's no longer here, he has officially moved to Texas.

Um, and so we are currently doing second round interviews for that role for the director of small business.

Um, our other position that's open is the economic and incentives manager role.

Um, as you can tell, Karen and Mike are working very, very hard, and I think the incentives area is a clear strength, it's a competitive strength that our organization has versus especially other EDOs in town.

And so um I feel like my my philosophy is like you double down on your strengths.

And so they've been doing such a great job, as you can imagine, their workload is quite a bit at the moment, and I think as we we should expand that team.

So the economic incentives manager.

Um we have expectations around them having um familiar uh expertise and familiarity with GIS tools, but also engaging with the community um so that there is much more distributed workload for the economics um for the incentives and municipal relations team.

Um and you know, thank you to Lynn and staff.

That is um a new essentially even a new accounting vertical that we've rolled out um over the past 10 months or so, and I think we're able to streamline, build that up and have its own expenses.

So it's been working quite well.

Um we are so first, thank you for um thank you for attending the private activity bond training.

Um I think that went really well.

We are still finalizing the process and the payment process, of course, on um on how on on doing them in general.

And so we still aim for the April 1st launch.

We are gonna have a marketing side of that, which I have 180 working on as well, you know, just making sure that's um available out there for what is a private activity bond and what are some baseline eligibility criteria needed for that.

Umer and I have already had a conversation with one company in town about um possibly applying for one of our um private activity bonds, and it was a great conversation, and someone that's already working with the city of Tulsa.

So it could be a wonderful um pilot for that.

Um what else?

We are yeah, I think you know the team has done a great job recently on um being more out in the ecosystem, um, attending different conferences, different local events.

Um I know that the mayor was at the tribal symposium, which a few of us attended, and he did highlight our work with the tribal nations.

Um again, something that we've really been pushing on the last year.

Uh lastly, I did want to just um shout out Gary Hamer, who passed the DFCP exam about two weeks ago.

He was in meetings about the board in the morning, and he went and passed the exam in the afternoon.

So it's great to have that expertise built out.

What is the name of the certification that you passed?

Development finance.

What's the Certified Professional?

There you go.

And Mike, Mike is our uh Mike is also a DCFP, so I'm following in Mike's.

Mike Blaze the Pass, and I'm following.

Gary just said that he wants to be in the incentives.

But I love I love to see the additional expertise being built out on our team.

We covered a lot.

It covers private.

Oh, you can you you can't talk so much.

Hey, we're gonna be able to do that.

The incentive team's got their hands full, so I'm I'm I'm taking up other parts of that.

All right.

Um any questions as far as admin and ops goes.

I know we had we had a long um committee meeting.

A few of us were in there um last week to go over some of the other points.

All right.

Good.

Thank you.

Thank you.

Thank you for being here because I know you're tired from your trip.

Wouldn't miss it for the world.

All right.

You're still out on leave.

Vicki's at a meeting, so give you the finance and real estate update.

So as far as just home projects continuing to move along, met with urban twice to strategize, discuss timeline and use of funds, worked with the developers to receive the documents, met with McArthur, and then the uh Vicky also discussed the project with the Finance and Budget Committee.

As far as community goes, had a meeting with some TU real estate students, and then she attended the Avonsantos Juntos Growing Together Construction Program for Developers a couple weeks ago.

Affordable Housing Trust Fund uh drove around and toured some current projects, all of our affordable housing trust fund projects, took pictures of the progress that it's going along, uh targeted grants for application, met with first United Bank, and then attended the TASA Housing Impact Fund intro session, uh, as well as the Ruth Nelson Family Foundation info call, and then also some meetings on rental assistance funders and work to amend some of our current affordable housing trust fund agreements.

And then developers uh discussed project with developer, attended the developer roundtable, and then attended program on the state of American rental housing.

Then also not on here is um as far as uh Civic Center Parquet, the elevators um modernization that work has uh resumed, so we're excited to get that moving along.

That's it for me.

Questions for Billy?

Thanks, sir.

Thank you.

All right, thanks.

Welcome back, Mike.

Thank you.

You guys are very familiar with most of the things that are already up here, so I'm not really gonna touch on on all of them.

I did want to read you a bit of an email that we got from our uh friends in City Legal.

Um Audrey Blank, who we work with on all of the the preliminary TIFF activities, the approval process and everything sent this to Karen and I yesterday.

So in the last seven months, council has adopted four project plans.

Pearl Crudgefield A, Southern Villa, and the second amended downtown, as well as created and named one TIFF district, Crutchfield A.

Seems we expect in the near future to name and create the for the Pearl TIFF A, amend the Crutchfield project plan, and create and name one or more of the Crutchfield TIFF districts.

That just alone is more TIFF activity than we used to see in any given year or two.

That's just over the last slightly more than half of a year.

The the work we're doing continues to accelerate.

There's more and more need for the tools that we have in place, and there's less additional funding that's available.

So I want to thank Renita for allowing us to try and expand our team.

Um Karen and I are here every day for long hours working on all these things.

So just want to thank you guys for your support of the work that we do.

Um the last few bullets that are up on the slide are the future workload.

Um we have additionally more than a dozen that have their place on Karen's wall that we are working towards moving forward with drafting plans.

So you these four that you see here are the next ones that you will likely see in the second half of this year as we move through the development agreements like we just work for on the Filcade.

Um as we continue working in the Crutchfield area.

There will be numerous development agreements that are not reflected here inside of the Pearl.

Additionally, there will be numerous development agreements.

Um I just wanted to thank you all for all the the support that we see from you every month and sometimes every week.

So are there any questions on the incentive side?

Thank you.

Awesome.

So community development.

Who is speaking with Gary is uh good morning, trustees.

Uh this isn't anything new that you uh wouldn't have already seen.

This is my our two primary focuses right now are the TIFA grant and uh of course the community impact initiative.

And so the big things in uh the TIFA or uh infrastructure finance and asset concession grant, if you want to uh really roll out a big an acronym.

Um the work for our use case and financial analysis is rapidly progressing.

Uh the two deliverables have already been completed.

Uh the market analysis for the Kerpatrick Heights Group and Master Plan area uh is completed.

It is a draft, but uh it's essentially complete.

And then uh last week we also received uh a briefing and the draft of the existing conditions assessment of those uh of the Kirpatrick Heights uh Group and Master Plan area, and so essentially the those two the market analysis, really looking at what the demand is or what the projected demand is for uh housing, commercial retail, uh, andor office, and looking at um comparing that to other uh uh across the Tulso market and and then sort of zooming in on what the market opportunities are in the Kirpatrick Heights area and looking at um potential rents, housing types, um, all the way from single family to detached and uh or similar and attached um multifamily uh all the way up to um excuse me, all the way up to multi-family.

Um anyway, uh that that was uh helpful uh really um as uh is really uh uh reinforced some of the things we already knew about the area, uh but it is a having that third party uh confirmation is very helpful.

Um so that was good.

Um there are some opportunities there.

Uh there are some limitations, uh there are some market barriers uh in the area as well.

But uh anyway, so that was complete and the existing conditions was also uh again uh submitted to us last week.

We had a briefing on that, we've got a draft memo.

And exit essentially what the existing condition does is go back and look at um, goes back to the plan, uh the original plan is done in 2022.

Look at the assumptions on terms of uh income race makeup, uh, looking at the infrastructure assumptions uh and then evaluating any other any changes in uh the conditions of the of the areas.

So I'm uh read through that over uh I was at a conference the last few days, but I did read through that.

Um there are there are a few things that were helpful that that came out of it.

There are some not significant changes, uh things are largely unchanged, but there but there are a few things in it that are very helpful.

But um, so that's really the wrap on that right now, and again the work is uh rapidly progressing.

We uh anticipate having uh some uh a briefing of some sort that will likely include the TDA commissioners, uh the Greenwood Legacy Corporation uh uh members of the mayor's staff, uh and so we'll be working to try to uh identify a time probably in next late uh next month or maybe in May to go to look uh to go through those in more detail.

Um Inez has continued to work on uh the community impact initiative uh again.

Um I think I've mentioned this.

There's uh we've made or she's made with with her selection committee, uh reviewed four applications, made a selection of three of those based on a scoring rubric, uh, and now we're working through the contracting process that we hope to bring those contracts forward.

Uh again, those are would be three $30,000 grants to community-based organizations to to complete projects in their neighborhoods.

Uh we anticipate bringing those uh contracts to you next month.

Excellent.

Thank you.

All right, thank you, Gary.

Thank you, Anness.

Okay, so again, um we we brought you guys this format last month.

We're gonna continue to use that.

It was it really reflects our five verticals inside uh economic and workforce development.

We saw last month we had the IKEA announcement, which was fantastic.

The city and our incentives team has continued this month and working forward on getting all of their incentives actually approved.

So that incentive that announcement happened ahead of the incentives being through council, and that is done, so it is all real and there.

Um you'll we've talked about Jonas Move to Dallas.

We received over 40 really good qualified resumes for that position.

We did 11 introductory interviews last week, and we will do four-ish um in-person interviews over the next couple of weeks as we look to bring on that person who's gonna be in Jonah's space.

Um, but we also didn't we're also looking at a six-month look back from the launch of the size up tool, and during that time we've had over 10,000 reports generated uh by individuals using that tool, um, equivalent to over 200,000 in value to individuals who otherwise would have had to pay for development of those services, whether demographic or market analyses.

Jonathan and I returned uh yesterday from the site selectors guild uh spring conference where uh the Fair Oaks uh Innovation Park was recognized as a ready sites in their program.

It's that's their certification process.

It's very important to us because site selectors themselves are making those determinations and putting that in front of those groups.

Uh we're the first site in Oklahoma to have that designation from the site selectors guild, and so we're very excited to see that move forward.

We also launched and Jonathan worked with Labor Division to develop a standalone website for the Fair Oaks Innovation Park, which was also launched this week, I think.

Just got that out.

Uh so a lot of stuff going on there.

We did a site tour with our economic and workforce development committee then March, and we'll have other opportunities for the board in small groups to do that again in the future if there are other interest from other board members to do that.

Um in terms of workforce development, uh Jacob and Isaac conducted the first uh outreach youth outreach for this year.

We did spring break camp with Tulsa Parks, and we'll also do our first drone-in event of the year with the public on Saturday this week with the Tulsa Fire Department.

So looking forward to that, and then also the college uh journal racing championships will be held the first weekend in April.

I'm looking at Jacob, yes, um, and we'll have some additional uh teacher professional development associated with that, which will be a great ad for that.

Um, and then you heard the report from Damari about our special projects with the common good, and I won't rehearse that again.

So thank you all.

Thank you, Michelle.

Lots going on.

Uh are there trustee requests for future agenda items relevant to trust business at the moment?

We'll think of some.

I'm not aware of any new business that is uh for the trust at the moment, and so without objection, we are adjourned at 10 37.