Sand Springs City Council Agenda Packet 2026-06-22
Project Spring Development Agreement Approved With Horizon
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Description
The Sand Springs City Council approved Resolution No. 26-32, adopting a Development Agreement for Project Spring with Horizon Land Development, LLC. The agreement establishes a 2% electricity franchise, dedicates sales tax on building materials, and provides for a 10-year one-time $1,000,000 payment structure.
Contract Details
Contract Amount
2% electricity franchise, sales tax on building materials, and 10-year one-time payment of $1,000,000.00
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
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