Meeting
  AGENDA
 
  June 22, 2021
  3:00 PM
  TRUST MEMBERS
  Todd Stone, Chair
  Rhonda Hooper, Vice Chair
  Jim Roth
  Mark K. Stonecipher
  Miriam Campos
  Craig Freeman, General Manager
  Catherine O'Connor, Surrogate General Manager
  Amy K. Simpson, Secretary
  Wiley Williams, Deputy Municipal Counselor

200 N. Walker, 3rd Floor, Council Chamber
 

 












INFORMATION ABOUT OCEDT TRUST MEETINGS
 
The Oklahoma City Economic Development Trust (OCEDT) generally meets on a monthly basis in the Council Chamber at City Hall unless prior notice of a change is posted. If Council or another City Trust is in session, the OCEDT meeting will be held in the Executive Conference room (same floor). To confirm meeting dates, call (405) 297-2245. Free parking is available at the Sheridan-Walker Parking Garage (501 West Sheridan). Parking tickets must be validated in the Mayor’s/City Manager’s reception area.

The following guidelines are in place for meetings in the Council Chamber at City Hall: only the south entrance to City Hall will be open; air purifying machines have been installed in the Chamber; hand sanitizer machines and disposable face masks will be available. 
It is the policy of the City to ensure that communications with participants and members of the public with disabilities are as effective as communications with others. Anyone with a disability who requires an accommodation, a modification of policies or procedures, or an auxiliary aid or server in order to participate in this meeting should contact the ADA department coordinator at 297-2506 or TDD 297-2020 as soon as possible but not later than 48 hours (not including weekends or holidays) before the scheduled meeting. The department will give primary consideration to the choice of auxiliary aid or service requested by the individual with disability. If you need an alternate format of the agenda or any information provided at said meeting, please contact the ADA department coordinator listed above 48 hours prior to the scheduled meeting.
Addressing the Trust
Citizens may address the Trust on certain items by signing up to speak and providing the agenda item number, their reason for appearing and their address, but all comments must be relevant to the item. The Chair or presiding officer may in her or his discretion prohibit a person from addressing the Trust, or have any person removed from the Council Chamber, if that person commits any disorderly or disruptive behavior. Disorderly conduct includes, but is not limited to, any of the following: speaking without being recognized by the Chair or presiding officer; continuing to speak after notice that the speaker’s allotted time has expired; presenting comments or material not relevant to the item under discussion; failing to comply with the lawful instructions of the Chair or presiding officer; engaging in other conduct, activity or speech that delays, pursuant to 21 O.S. §280, disruptive conduct includes any conduct that is “violent, threatening, abusive, obscene or jeopardes the safety of self or others”.  A person may also be subject to arrest and removal from the Municipal Building for violation of Oklahoma City Municipal Code 2020, § 30-81 – Disorderly conduct and/or violation of Okla. Stat. tit. 21, §280- Willfully Disturbing, Interfering With or Disrupting State Business, Agency Operations or Employees.

 Citizens may also address the Trust on individual concerns at the end of the agenda when the Chair asks if there are any comments by citizens. Comments should concern OCEDT matters. Please fill out a “Request to be Heard” form located outside the Chambers. Please return this form to the staff member at the table in front of the horseshoe. PLEASE LIMIT YOUR COMMENTS TO 3 MINUTES.  Continuing to speak beyond the time allowed by the Chair or presiding officer shall constitute grounds for removal from the Council Chamber. If you know in advance that you wish to address the Trust, you may call 297-2245 and provide your name and subject about which you wish to speak.


Trust Actions
Official action can be taken only on items that appear on the agenda. The Trust may dispose of business on the agenda by adopting, approving, amending, correcting, ratifying, denying, deferring or continuing resolutions, plans and specifications, addenda, amendments and contracts. Other actions may also be taken.
When more information is needed to act on an item, the Trust may refer items to the General Manager or the Municipal Counselor. The Trust may also refer items to committees of the Trust, to a board or commission, or to independent consultants for additional study. Under certain circumstances, items are deferred to a specific later date or stricken from the agenda entirely. 
Television Coverage
Oklahoma City Economic Development Trust meetings can be watched live on Cox Cable Channel 20. 

























 

 








Oklahoma City Economic Development Trust
June 22, 2021
3:00 PM
Council Chamber, Third Floor, Municipal Building, 200 N. Walker, Oklahoma City, Oklahoma
I.

Call to Order

II.

Approval of Minutes
May 25, 2021 Oklahoma City Economic Development Trust Meeting

III.

Ratify OCEDT Claims

IV.

Items for Individual Consideration

A.

Joint resolution authorizing the transfer of all net proceeds (“Principal Fund”) and all accrued interest generated to date from the sale of the 2021 Taxable Series General Obligation Limited Tax Bond Funds (“2021 GOLT Bonds”) from The City of Oklahoma City to the Oklahoma City Economic Development Trust, subject to requirements that the bond funds be used for economic and community development, which includes, without limitation, general operations and administrative functions and costs of the trust and for qualified economic and community development purposes as defined in Title 62, Section 802 of the Oklahoma Statutes, as amended, and subject to policies or guidelines adopted by The City and Trust for purposes of encouraging economic development within or near Oklahoma City, and declaring acceptance of the funds by the Oklahoma City Economic Development Trust subject to a requirement that The City’s concurrence approval be obtained for qualified economic development project agreements. (GOLT)

B.

Joint Resolution of The City of Oklahoma City, the Oklahoma City Economic Development Trust, and the Myriad Gardens Foundation setting and establishing the annual management fee and annual public support for facility maintenance in the total amount of $2,833,200 for the operation, management, and maintenance of the Myriad Botanical Gardens for the 2021-2022 fiscal year; and allowing for amendments to the annual management fee and annual public support upon subsequent Council and Trust approval 301 West Reno Avenue. (GEN-ED)

C.

Joint Resolution with The City of Oklahoma City and the Scissortail Park Foundation setting and establishing the annual management fee in the amount of $3,633,100 for the operation and management of Scissortail Park, 2021-2022 fiscal year, bounded by South Robinson Avenue and South Hudson Avenue, south of SW 3rd Street and north of the Oklahoma River; and allowing for amendments to the annual management fee and/or additional transfers into the Capital Fund upon subsequent Council and Trust approvals. (GEN-ED)

D.

Resolution approving the American Indian Cultural Center Foundation’s proposed 2021-2022 fiscal year budget and pre-opening costs in the amount of $2,750,000 to be provided by the Oklahoma City Economic Development Trust as recommended by the American Indian Cultural Center Museum Finance Funding Committee (“Finance Funding Committee”); and authorizing staff to make quarterly distributions in the manner set forth in the Finance Funding Committee’s adopted resolution and recommendation, and authorizing the Mayor or Chairman to facilitate disbursements from the escrow disbursement accounts. (GEN-ED)

E.

Professional Services Agreement with the Oklahoma City Economic Development Foundation, to provide community and economic development services, not to exceed $1,115,000, July 1, 2021, through June 30, 2022. (GEN-ED) (GOLT)

F.

Amended and Restated Professional Services Agreement with the Alliance for Economic Development of Oklahoma City, Inc. and the City of Oklahoma City to provide centralized leadership and oversight of economic development activities, not to exceed $700,000 for fiscal year 2021-2022, July 1, 2021 to June 30, 2026. (TIF) (GOLT)

G.

Collateral Assignment of Development Incentive among The City of Oklahoma City, the Oklahoma City Economic Development Trust, Boathouse Bark, LLC, and Northwest Bank & Trust Company. (TIF)

H.

Acknowledgment and Consent to Collateral Assignment of Sublease Agreements among The City of Oklahoma City, the Oklahoma City Economic Development Trust, the Oklahoma City Riverfront Redevelopment Authority, the Riversport Foundation, and Boathouse Bark, LLC. (TIF)

I.

Addendum and Amendment to the Economic Development Agreement with 700 West 4th, LLC to add and substitute CRP/WRDP 700 West 4th St Owner LLC as the Developer for the 700 West Residential Project. (TIF) (GOLT-AH)

J.

A resolution of the Oklahoma City Economic Development Trust (the “Trust”) authorizing Trust and City of Oklahoma City (the “City”) staff and advisors to proceed with the development of the plan of financing pertaining to the refunding of certain indebtedness for the trust, including preparation of a preliminary official statement and solicitation of ratings; authorizing Trust and City staff to distribute a solicitation of underwriters from the pool of prequalified underwriters for the issuance of tax apportionment bonds; approving and adopting the city’s professional services agreements related to bond and financing professionals; and containing other provisions related thereto. (TIF)

K.

Joint Resolution with The City of Oklahoma City approving the transfer and assignment of any ownership interest in public infrastructure assets constructed and/or purchased on behalf of The City of Oklahoma City from the Oklahoma City Economic Development Trust to The City of Oklahoma City (13 projects); and acknowledging acceptance of the assets and responsibility for future maintenance by The City. (TIF)

L.

Fiscal Year 2021-2022 Oklahoma City Economic Development Trust Budget. (TIF) (GOLT) (GEN-ED)

V.

General Manager Reports

VI.

Comments from Staff, Trustees and Citizens

VII.

Adjourn