FACILITIESDISCUSSED

LEDA Weighs Options on Westwin Lease and Loan

The Authority discussed its expired Ground Lease and matured Promissory Note with Westwin Elements, Inc., involving an outstanding $2.7 million loan and a proposed $400,000 property purchase for a 40-acre pilot facility site. Trustees weighed options to negotiate new lease and repayment terms or enforce existing rights and remedies.

Document date · August 20, 2026

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$2,700,000 outstanding principal; $400,000 proposed property purchase; up to $3,000,000 original loan
Contract type
FACILITIES
Contract term
Ground Lease and Promissory Note dated December 29, 2023; Ground Lease expired June 1, 2026
Renewal date
2026-06-01
Renewal
Ground Lease expired June 1, 2026 under prior termination framework; no renewal or extension has been approved as of this agenda, though negotiation of a new arrangement is under consideration.
Document type
AgendaPacket
Source document
Lawton Economic Development Authority Agenda Packet 2026-08-20

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by City of Lawton?

Westwin Elements Inc was awarded this facilities contract by City of Lawton, as recorded on August 20, 2026. The contract value is $2,700,000 outstanding principal; $400,000 proposed property purchase; up to $3,000,000 original loan.

How much is the Westwin Elements Inc contract with City of Lawton worth?

The Westwin Elements Inc contract with City of Lawton is valued at $2,700,000 outstanding principal; $400,000 proposed property purchase; up to $3,000,000 original loan, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Lawton Economic Development Authority Agenda Packet 2026-08-20 (AgendaPacket), dated August 20, 2026 from City of Lawton. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Westwin Elements Inc hold?

Westwin Elements Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Westwin Elements Inc's profile

What is City of Lawton currently buying?

Explore City of Lawton's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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