Oklahoma City Economic Development

AGENDA June 18, 2024 3:00 PM TRUST MEMBERS Todd Stone, Chair Rhonda Hooper, Vice Chair Maurianna Adams Mark K. Stonecipher Miriam Campos Craig Freeman, General Manager Kenton Tsoodle, Surrogate General Manager Miki Graham, Assistant Secretary Joshua Minner, Assistant 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) 297­2506. 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 (405)297­2506 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 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) 297­2506. 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 (405)297­2506 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 jeopardizes 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, § 30­81 – 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 (405)297­2506 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. address the Trust, you may call (405)297­2506 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 18, 2024 3:00 PM Council Chamber, Third Floor, Municipal Building, 200 N. Walker, Oklahoma City, Oklahoma I. Call to Order II. Approval of Minutes ­ May 21, 2024 Oklahoma City Economic Development Trust Meeting III. Ratify OCEDT Claims IV. Items for Individual Consideration A. Joint Resolution with The City of Oklahoma City authorizing the allocation of $500,000 in General Obligation Limited Tax Bond Funds to the Alliance for Economic Development of Oklahoma City (“Alliance”) contingent upon the Alliance’s award of $2,500,000 in Oklahoma Air Service Development Grant Program funds with said funds to be used for the purpose of bringing new non­ stop air service to the Will Rogers World Airport. (GOLT) B. Subordination and Standstill Agreement between the Oklahoma City Economic Development Trust, P­W Phase III Development LLC, and The Baptist Foundation of Oklahoma for the Page Woodson Phase III Affordable Housing Project. (TIF)  Oklahoma City Economic Development Trust June 18, 2024 3:00 PM Council Chamber, Third Floor, Municipal Building, 200 N. Walker, Oklahoma City, Oklahoma I. Call to Order II. Approval of Minutes ­ May 21, 2024 Oklahoma City Economic Development Trust Meeting III. Ratify OCEDT Claims IV. Items for Individual Consideration A. Joint Resolution with The City of Oklahoma City authorizing the allocation of $500,000 in General Obligation Limited Tax Bond Funds to the Alliance for Economic Development of Oklahoma City (“Alliance”) contingent upon the Alliance’s award of $2,500,000 in Oklahoma Air Service Development Grant Program funds with said funds to be used for the purpose of bringing new non­ stop air service to the Will Rogers World Airport. (GOLT) B. Subordination and Standstill Agreement between the Oklahoma City Economic Development Trust, P­W Phase III Development LLC, and The Baptist Foundation of Oklahoma for the Page Woodson Phase III Affordable Housing Project. (TIF) C. Memorandum of Agreement Between the Oklahoma City Economic Development Trust (OCEDT) and the Oklahoma City MAPS Investment and Operating Trust (OCMIOT). D. Amendment No. 1 to the Operating Agreement with the City of Oklahoma City, the Oklahoma City Public Property Authority, and Oklahoma City Innovation District, Inc., Project M4­DDH10, MAPS 4 Innovation Hall, assigning the Operating Agreement to the Oklahoma City Economic Development Trust, near NE 9th Street and North Stiles Avenue. E. Resolution of the Oklahoma City Economic Development Trust approving the disbursement of $159,938.54 to Oklahoma City Innovation District, Inc., for Pre­ Opening Operations at the MAPS 4 Innovation Hall, near NE 9th Street and North Stiles Avenue. (GEN­ED) F. Resolution of the Oklahoma City Economic Development Trust (OCEDT) approving an Amendment to the First Americans Museum Foundation’s (Foundation) 2023­2024 Fiscal Year Budget for an additional $1,000,000 for Operations of the First Americans Museum to be provided by OCEDT using State Funding authorized pursuant to 2023 Senate Bill 31x and authorizing the OCEDT General Manager to facilitate said disbursement. G. Joint Resolution of the City of Oklahoma City and the Oklahoma City Economic Development Trust Approving the First Americans Museum Foundation’s (Foundation) proposed 2024­2025 Fiscal Year Budget in the total amount of $4,000,000 to be provided by the Oklahoma City Economic Development Trust (OCEDT). (GenED) H. Joint Resolution of the City of Oklahoma City and the Oklahoma City Economic Development Trust setting and establishing the Myriad Gardens Foundation Annual Management Fee and Annual Public Support for Facility Maintenance in the total amount of $2,899,620 for the Operation, Management, and Maintenance of the Myriad Botanical Gardens for the 2024­2025 Fiscal Year; providing for the Foundation’s submittal of Leading for Results performance measurement data; and  $4,000,000 to be provided by the Oklahoma City Economic Development Trust (OCEDT). (GenED) H. Joint Resolution of the City of Oklahoma City and the Oklahoma City Economic Development Trust setting and establishing the Myriad Gardens Foundation Annual Management Fee and Annual Public Support for Facility Maintenance in the total amount of $2,899,620 for the Operation, Management, and Maintenance of the Myriad Botanical Gardens for the 2024­2025 Fiscal Year; providing for the Foundation’s submittal of Leading for Results performance measurement data; and allowing for Amendments to the Annual Management Fee and Annual Public Support upon subsequent Council and Trust approval. (GEN­ED) I. Joint Resolution of the City of Oklahoma City and the Oklahoma City Economic Development Trust setting and establishing the Scissortail Park Foundation Annual Management Fee and Capital Fund support in the total amount of $5,578,588 for the Operation and Management of Scissortail Park for the 2024­2025 Fiscal Year; providing for the Foundation’s submittal of “Leading for Results” performance measurement data; and allowing for Amendments to the Annual Management Fee and/or additional transfers into the Capital Fund upon subsequent Council and Trust approval. (GEN­ED) J. Professional Services Agreement with the Oklahoma City Economic Development Foundation, Inc., for community and economic development services, not to exceed $1,325,000, July 1, 2024 through June 30, 2025. K. Joint Resolution of the City of Oklahoma City and the Oklahoma City Economic Development Trust, setting and establishing the Annual Professional Services Fee in the amount of $620,544, and setting and establishing the funding for “Other Additional Services” in the amount of $123,165, for the Administration and Management of Economic Development Activities and Programs by the Alliance for Economic Development of Oklahoma City, Inc., for the 2024­2025 Fiscal Year. L. Fiscal Year 2024­2025 Oklahoma City Economic Development Trust Budget. (TIF) (GOLT) (GEN­ED) M. Receive the Oklahoma City Economic Development Foundation FY 2024 3rd Quarter Report. (GEN­ED) V. Comments from Staff, Trustees and Citizens VI. Adjourn