Sand Springs Municipal Authority AgendaPacket 2026-06-22
Development Agreement Approved With Horizon Land Development
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Description
Sand Springs City Council approved a Development Agreement for Project Spring with Horizon Land Development, LLC that includes a 2% electricity franchise, sales tax on building materials, and a 10-year one-time $1,000,000 payment. The agreement supports major economic development tied to the Project Spring initiative.
Contract Details
Contract Amount
$1,000,000.00 one-time payment plus 2% electricity franchise and sales tax on building materials
Vendor
HORIZON LAND DEVELOPMENT LLC
Agency
City of Sand Springs, OK
Contract Type
FINANCIAL_SERVICES
Document Date
June 22, 2026
Contract Term
10-year one-time payment structure; overall term not fully specified
Renewal Info
Development Agreement includes a 10-year one-time payment structure; no automatic renewal terms mentioned.
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