Broken Arrow Economic Development Authority
Meeting of: 09/15/2026
Title:
title
Approval to execute Agreement for Tax Increment Finance Counsel Services with Public Finance Law Group, PLLC
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Background:
Attached is the agreement with Public Finance Law Group PLLC in connection with the possibility of amending TIF # 1, also known as Flight Safety and Downtown. The amendment may be desirable to support certain economic development activities within the city, construction of certain retail facilities, which will encourage commerce, the retention and expansion of employment, and generate a corresponding growth in the local tax base (collectively, the “Project”); and
PFLG possesses the necessary professional capabilities and resources to provide the legal services required by Broken Arrow as described in this Agreement.
Scope of Services
(1) Consultation with representatives of Broken Arrow, including the City Manager, City Attorney, Finance Director, financing and accounting staff, financial advisors, and others, with respect to the timing, terms and legal structure of the proposed tax increment district.
(2) Preparation of written documentation relating to formal approval and amendment of a tax increment district, including, as appropriate, project plans, and authorizing resolutions or ordinances.
(3) Attendance at such meetings or hearings of the City and/or BAEDA and working group meetings or conference calls as Broken Arrow may request, and assistance to the Broken Arrow staff in preparation of such explanations or presentations to the governing bodies of the City and/or BAEDA as they may request
Staff recommends the approval of the agreement with Public Finance Law Group PLLC.
Cost: $53,000
Funding Source: TIF #1
Requested By: Cynthia S. Arnold, Finance Director
Approved By: City Manager’s Office
Attachments: Agreement for Tax Increment Finance Counsel Services
Recommendation:
recommend
Approval of and authorization to execute Agreement for Tax Increment Finance Counsel Services with Public Finance Law Group, PLLC
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