Economic Development Incentives and Agreements

At a glance

  • What: agreements and policies that support business development: the annual professional services agreement with the Lawton-Fort Sill Economic Development Corporation, the LEDA trust indenture, tax increment certifications and retail incentives.
  • Where it stands: items appeared across the 2026-09-22, 2026-10-13 and 2026-10-27 agendas.
  • Next: further incentive applications under the revised retail policy.

Sources

Log

2026-09-22 - City Council

  • Consent: FYE 2026-2027 professional services agreement with the Lawton-Fort Sill Economic Development Corporation (not to exceed $793,461); First Amendment to the Trust Indenture creating LEDA; certification of local sales and use tax apportionment for Increment District No. 2 for January through June 2026 ($558,688.89) with the state matching payment to LEDA.

2026-10-13 - City Council

  • Consent: the same $793,461 agreement listed again.

2026-10-27 - City Council

  • Consent: amend Council Policy 1-10 (Economic Development Assistance, Retail) to accommodate smaller retail and redevelopment projects. Business: an economic development incentive application and agreement with a restaurant company.