Amendment to Property Acquisition Agreement with OCEDT Approved
City of OklahomaCity · Oklahoma City, OK- Disclosed value
- $1,575,000 plus 95% of ground lease rent proceeds over 30 years
- From agenda
- Document date
- Feb 25, 2026
- Renews
- Free account
The 30-second brief
The OCURA Board approved and ratified an amendment with the Oklahoma City Economic Development Trust to lower the acquisition price for a key redevelopment property, shifting payment to 95% of received ground lease rents over 30 years, replacing an earlier lump sum approach.
Oklahoma City Economic Development Trust holds this contract with City of Oklahoma. Its other public contracts on record include work for Oklahoma City Airport Trust.
The renewal date is on record. A free account shows it, with the renewals for every City of Oklahoma contract.
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Contract details
- Amount
- $1,575,000 plus 95% of ground lease rent proceeds over 30 years
- Document date
- February 25, 2026
- Term
- Through July 31, 2058, or term of ground lease
- Renews
- Free account
- Agency
- City of Oklahoma
- Source document
- Oklahoma City Urban Renewal Authority Special Meeting Agenda Feb 2026 (Agenda)
Oklahoma City Economic Development Trust's other public contracts
More City of Oklahoma contracts
Questions about this contract
Who was awarded the government contract by City of Oklahoma?
Oklahoma City Economic Development Trust was awarded this government contract by City of Oklahoma, as recorded on February 25, 2026. The contract value is $1,575,000 plus 95% of ground lease rent proceeds over 30 years.
How much is the Oklahoma City Economic Development Trust contract with City of Oklahoma worth?
The Oklahoma City Economic Development Trust contract with City of Oklahoma is valued at $1,575,000 plus 95% of ground lease rent proceeds over 30 years.
What type of contract is this?
This is a government contract, documented as a agenda record.
Where was this contract approved?
This contract appears in Oklahoma City Urban Renewal Authority Special Meeting Agenda Feb 2026 (Agenda), dated February 25, 2026 from City of Oklahoma. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Oklahoma City Economic Development Trust hold?
Oklahoma City Economic Development Trust may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Oklahoma currently buying?
Explore City of Oklahoma's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.