TULSA DEVELOPMENT AUTHORITY TERM SHEETTulsa Development Authority Term Sheet • February 5th, 2019
The purpose of this term sheet is to outline the general terms being considered by the parties as they negotiate a Development and Financing Assistance Agreement (“Assistance Agreement”) with the Tulsa Development Authority (“TDA”) to provide assistance in development financing to the Developer for the proposed Projects, contingent upon the adoption by the City of Tulsa of the North Tulsa Economic Development Project Plan (“Project Plan”) and the creation of one or more increment districts under the Local Development Act, 62 O.S. §§ 850-869.
