Broken Arrow Economic Development Authority
Meeting of: 03-24-2026
Title:
title
Approval of and authorization to execute Fourth Amendment to Economic Development Agreement by and among PDG-Broken Arrow, LLC and the Broken Arrow Economic Development Authority and the City of Broken Arrow
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Background:
PDG-Broken Arrow, LLC, Authority, and City entered into an Economic Development Agreement dated July 6, 2023, for Adams Creek Town Center.
The agreement has been amended by the First Amendment to the Economic Development Agreement dated May 7, 2024, the Second Amendment to the Economic Development Agreement dated February 18, 2025, and the Third Amendment to the Economic Development Agreement dated June 16, 2025.
The parties desire to adopt certain conforming and clarifying amendments to align the Agreement’s recitals, project description, rebate timing language, and performance/timeline provision with the definition of “Commencement date” as amended by the Second and Third Amendments.
Cost: $0
Funding Source: N/A
Requested By: Travis Stephens, Economic Development Director
Approved By: City Manager’s Office
Attachments: Fourth Amendment of Economic Development Agreement
Recommendation:
recommend
Approve and authorize execution of the Fourth Amendment to Economic Development Agreement by and among PDG-Broken Arrow, LLC and the Broken Arrow Economic Development Authority and the City of Broken Arrow
end