Subject to FISTA approving an amended budget and the proposed amended support agreement, consider approving the First Amendment to the Limited Services Agreement between Fires Innovation Science & Technology Accelerator Development Trust Authority (FISTA) and City of Lawton for FY 23-24, including any floor amendments that may be made thereto, to incorporate (a) $36,620.02 for repairs to Central Park Mall for storm damage, (b) $257,250.00 for Property Insurance Premiums for Central Park Mall, and (c) $1 million financial incentive to support a collaboration agreement between r4 Technologies, Inc. and the FISTA Innovation Park wherein artificial intelligence (“AI”) will be utilized for workforce and supply chain development, and to drive economic growth, with $500,000 of said $1 million in support being allocated in this support agreement and the remaining $500,000 to be considered when preparing the FY-24-25 support agreement with FISTA.

Committee

City Council

Introduced

October 20, 2023

On agenda

October 30, 2023