Broken Arrow Economic Development Authority
Meeting of: 05-06-2025
Title:
title
Approval of and authorization for City Manager and Broken Arrow Economic Development Authority to execute a Commitment Letter to the City of Atoka, in support of the Atoka Energy Park Project
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Background:
The Atoka Energy Park Project is a transformational public-private partnership located in Atoka, Oklahoma, designed to establish a 972 MW energy infrastructure supporting AI computing, data centers, and national security applications. Broken Arrow and other municipalities are invited to participate as non-binding co-sponsors, enabling eligibility for institutional financing and participation in direct profit sharing, with no financial liability, debt obligations, or impact on municipal bond ratings. Participation is expected to generate revenue for Broken Arrow in an amount to be determined over the life of the project. The Broken Arrow Economic Development Authority’s Commitment Letter supports the City of Atoka’s application process and participation framework under a Master Utility Service Agreement (MUSA), with an emphasis on economic benefits, workforce development, and regional growth
Cost: $0
Funding Source: None
Requested By: Michael Spurgeon, City Manager
Approved By: City Manager Office
Attachments: Commitment Letter; Atoka Energy Park Project Profile
Recommendation:
recommend
Approve and authorize the City Manager and Broken Arrow Economic Development Authority to execute a Commitment Letter to the City of Atoka, in support of the Atoka Energy Park Project
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