On the agenda: Yukon meeting — data center (Nov 3)

Yukon Economic Development Authority Agenda
Centennial Building - 12 South 5th Street
November 3, 2026 – 6:00 p.m.

The City of Yukon strives to accommodate the needs of all citizens, including those who may be disabled. If you would
like to attend this Authority meeting but find it difficult to do so because of a disability or architectural barrier, please
contact City Hall at 405-354-1895. We will make a sincere attempt to resolve the problem. If you require a sign-language
interpreter at the meeting, please notify City Hall, 500 West Main, by noon, October 30, 2026.

1.

Call to Order

2.

Roll Call
Justin Ellis, Chairman
David Goodwin, Vice Chairman
Jordan Westfall
Adam Shriver
Ryan Crosley
Chase Tippens
Pam Shelton

3.

Discussion and possible action to approve the minutes of October 6, 2026, regular
meeting.

4.

Discussion and possible action to approve the year-to-date financial statement as
of October 31, 2026.

5.

Discussion and possible action to approve Exhibit E, Project Costs Payment Notice
No. 02, submitted by Syntrias Development Partners, LLC, pursuant to the Economic
Development Agreement for Increment District No. 3, City of Yukon, and to authorize
the disbursement of Tax Increment revenues in the amount of $268,465.00 for
reimbursement of eligible Project Costs incurred through October 27, 2026, as
supported by the accompanying AIA Document G702, Application and
Certification for Payment No. 02.

6.

Visitor Comments
Anyone who has an item of business to present to the Board that appears on the
agenda, please come to the podium at this time and state your name. You are
requested to limit your presentation to three (3) minutes. Any item being presented
MUST pertain to an item on the agenda.

7.

Reports
This section is intended for Board Members and staff to make announcements
concerning economic development matters.
a) Economic Development Director
b) City Manager
c) Board Members

8.

Adjournment

Yukon Economic Development Authority
Regular Meeting
October 6, 2026
Minutes
The Yukon Economic Development Authority met in a regular meeting on October 6, 2026 at
6:00 p.m. in the Council Chambers of the Centennial Building, 12 South Fifth Street, Yukon,
Oklahoma.
1.

Call to Order

Chairman Ellis called the meeting to order at 6:06 p.m.
2.

Roll Call

Present:

Absent:
3.

Justin Ellis, Chairman
David Goodwin, Vice Chairman
Ryan Crosley
Chase Tippens
Jordan Westfall
Adam Shriver
Pam Shelton

Discussion and possible action to approve the minutes of the September 1, 2026, special
meeting.

A motion to approve the minutes of the September 1, 2026, special meeting was made by
Goodwin and seconded by Westfall.
AYES: Tippens, Crosley, Goodwin, Westfall, Ellis
NAYS: None
VOTE: 5-0
MOTION CARRIED
4.

Discussion and possible action to approve Exhibit E, Project Costs Payment Notice No.
01, submitted by Syntrias Development Partners, LLC, pursuant to the Economic
Development Agreement for Increment District No. 3, City of Yukon, and to authorize the
disbursement of Tax Increment revenues in the amount of $533,988.00 for reimbursement
of eligible Project Costs incurred through September 30, 2026, as supported by the
accompanying AIA Document G702, Application and Certification for Payment No. 01.

Bryce Johnson and Michael Carnuccio was introduced during consideration of the payment
application. The development representatives discussed the costs incurred to advance the
project and answered questions concerning the application.
Economic Development Director Damian Denmark explained that Syntrias Development
Partners submits invoices, which are reviewed with bond counsel to verify costs and reviewed
internally by Finance before presentation to the Authority. He stated that the submitted invoice
met the P3 public-private partnership funding requirements and required Authority approval
before the bank could release the first payment.
The loan was reported closed at approximately $7.6 million, with the application representing
the first draw. In response to a request for information on amounts drawn and funds remaining,

YEDA Regular Meeting Minutes – October 6, 2026

Page 2

Damian Denmark stated that Finance would provide financial reports in each meeting packet
beginning with the next Authority meeting. The reports would show financial activity,
approvals, and the remaining draw balance. He also stated that each payment would require
separate Authority approval and sign-off, rather than a blanket authorization. Repayment
through OTC collections was discussed.
Development representatives reported that the application included design, engineering,
cost modeling, estimates, and pre-construction services for the Trey Young Athletic Facility,
parking garage, hotels, restaurants, and retail. They also discussed the September 4
groundbreaking and national coverage through ESPN.
It was reported that the P3 application process approved through the ODFA board required
a monthly draw schedule identifying anticipated use and encumbrance of funds. The
payment application was below the anticipated approved funding limit for that draw.
Trinity Builds' anticipated subcontractor agreements were described as generally providing net
30 payment terms. A request was made for Authority meetings at least every 30 days to
accommodate those payments. It was stated that Authority meetings were scheduled to
coincide with City Council meetings.
The Board discussed the Authority's responsibility for reviewing and approving payments for TIF
improvements. Chairman Justin Ellis noted that these matters required action by the Authority
rather than simply being forwarded to City Council. Development representatives also
discussed their work with City staff on a Main Street building and the larger development, and
stated that they were considering another project in 2027.
A motion to approve Exhibit E, Project Costs Payment Notice No. 01, submitted by Syntrias
Development Partners, LLC, and authorize the disbursement of $533,988.00 in Tax Increment
revenues for reimbursement of eligible Project Costs incurred through September 30, 2026, as
supported by AIA Document G702, Application and Certification for Payment No. 01 was
made by Goodwin and seconded by Westfall.
AYES: Tippens, Crosley, Goodwin, Westfall, Ellis
NAYS: None
VOTE: 5-0
MOTION CARRIED
5.

Discussion regarding the use of Non-Disclosure Agreements (NDAs) in economic
development activities, including the potential benefits and risks of NDAs and the role
and authority of the City of Yukon and the Yukon Economic Development Authority in
entering into such agreements.

Board Member Westfall stated that the item had been requested to explain the benefits and
risks of municipal NDAs, their relationship to Freedom of Information requests, and their use in
communications with corporations.
Damian Denmark reported that he had discussed NDAs with City Attorney Micheal Oglesby.
He explained that an NDA could restrict his voluntary disclosure of project information but
would not supersede public records requirements. Emails, communications, and call logs could
remain subject to a records request, including a request using a retailer's name as a search
term. He stated that, in two situations in Yukon, prospective parties did not issue NDAs after
learning that the agreements would not provide the exemption from disclosure they expected.

YEDA Regular Meeting Minutes – October 6, 2026

Page 3

Damian Denmark discussed confidentiality as a means of limiting premature announcements,
protecting development negotiations and land costs, and maintaining Yukon's position when
competing with Oklahoma City, El Reno, and other municipalities for sales tax-generating
businesses. He cited a reported increase of 60 to 70 percent in land costs in the Cimarron area
after a Buc-ee's rumor circulated before a deal was completed. He also noted that brokers
may negotiate without initially identifying the end user.
In response to questions about whether an NDA was necessary to avoid voluntary disclosure,
Damian Denmark stated that his department generally does not publicly announce ongoing
recruitment projects, whether or not an NDA is signed. He explained that confidentiality
requirements vary by project and may involve a new retailer, an additional location, or
overlapping discussions between a developer and City staff. He cautioned that initial site work
does not establish that a project will be completed.
A Board member asked how far the City might become committed to a project before
information became available to the public. Damian Denmark stated that NDAs are often
requested when site plans or specific end-user information are to be shared, after discussions
have progressed. He said that he would consult City leadership and the City Attorney before
signing an NDA because it could affect the City as well as his department.
Chairman Justin Ellis discussed the need to balance residents' access to information with
protection of development negotiations and municipal competitiveness. Damian Denmark
stated that staff was considering how to provide updates on economic development
activities, potentially through work sessions or other presentations, while protecting prospective
retailers from premature announcements. He stated that records responsive to requests would
be provided through the clerk's office in accordance with the law.
Stephanie Burdine stated that she supported protecting retail recruitment from competing
municipalities but distinguished retail NDAs from agreements concerning developments with
substantial effects on residents. She discussed a data center, citing 20 buildings, noise 24 hours
a day, seven days a week, and a distance of 300 feet from homes. She raised concerns
regarding residents' use and enjoyment of their property and potential property value effects,
and requested that those effects be considered before an NDA is signed. She also stated that
additional grocery options were needed.
Dillon Leone stated that he supported economic development and businesses providing
employment, goods, or services. He requested disclosure when a development could cause
noise pollution, consume water or power, or impose costs on residents. He questioned whether
signing an NDA was appropriate where a project could substantially affect the community.
Jeff Bratcher asked whether confidentiality agreements had been used before the Authority's
use of NDAs. No historical explanation was provided. He also asked whether such agreements
could override the Oklahoma Open Records Act or Open Meetings Act and requested
assurances that information concerning taxpayer incentives, public infrastructure costs, utility
commitments, land transactions, and other public obligations would not be withheld.
In response, it was stated that an actual agreement would have to go before City Council
and that an NDA would not override applicable open records or open meetings requirements.
A Board member stated that the data center NDA did not direct any Council, board, or
commission vote, change ordinances, or create laws, and that information could have been
requested before a vote. It was also stated that the Authority does not sign NDAs. No formal
commitment or action was taken in response to the request.

YEDA Regular Meeting Minutes – October 6, 2026

Page 4

Further discussion distinguished an agreement not to disclose information from approval of
ordinances, promises, favors, or other commitments. Jeff Bratcher asked whether a
confidentiality agreement could be used instead, and it was noted that the two terms
appeared similar.
The City Attorney stated that records would be provided in compliance with the Open Records
Act.
6.

Reports
This section is intended for Board Members and staff to make announcements
concerning economic development matters.
a) Economic Development Director

Damian Denmark reported that he attended Retail LIVE in Austin, Texas, and spoke with
approximately nine new-to-market retailers interested in Oklahoma that had already acquired
sites in the state. Contacts included QSR businesses and a potential sporting goods retailer.
After his return, a clothing store boutique franchise also contacted the department regarding
the Oklahoma market. He reported continuing work on prospective industrial and retail
projects.
Damian Denmark reported that recruitment efforts were focused on the Homeland grocery
store, CVS Pharmacy, and Gold's Gym locations. The department prepared three pitch decks
for grocery retailers already operating in the Oklahoma City market and was awaiting
responses from tenant brokers and store real estate managers.
In response to a question about the Homeland location, Damian Denmark stated that there
was no commitment. He reported contacting Homeland's real estate representative and
obtaining cost information. He identified property access and its position away from Northwest
10th, which he said carries 60,000 to 70,000 vehicles daily, as difficulties in marketing the
location. Holiday traffic was also discussed.
Damian Denmark reported that the Gold's Gym location had generated the strongest grocery
interest because of its parking layout and structure. He stated that the owner, located in
Beverly Hills, was also open to a food hall or brewery hall with multiple kitchens and willing to
offer tenant improvement incentives. He noted that retailers were concentrating on holiday
sales and that recruitment conversations might resume in January of the following year.
Damian Denmark reported that, with City Hall relocating, staff was preparing a master
development RFP for all City-owned downtown properties. He anticipated further
development of the RFP within the next couple of weeks, after final revisions were addressed
through the city clerk's office, to seek proposals concerning downtown's future development.
b) City Manager
Jeff Deckard reported on the Czech Day celebration held Saturday. He discussed the City's
partnership with the Czechs, the event's attendance, and the City's work with the organization.
c) Board Members

YEDA Regular Meeting Minutes – October 6, 2026

Page 5

Chairman Ellis reported that the Yukon Millers were 6 and 0 and would play at Union on Friday.
He encouraged support for the team.
7.

Adjournment

The meeting was adjourned at 6:51 p.m.

10-30-2026 03:14 PM

C I T Y
O F
Y U K O N
FINANCIAL STATEMENT - UNAUDITED
AS OF: OCTOBER 31ST, 2026

82 -YEDA
FINANCIAL SUMMARY

PAGE:

1

% OF YEAR COMPLETED:

33.33

CURRENT
CURRENT
PRIOR YEAR
Y-T-D
Y-T-D
BUDGET
% OF
BUDGET
PERIOD
EXPENSE
ACTUAL
ENCUMBRANCE
BALANCE BUDGET
___________________________________________________________________________________________________________________________________
REVENUE SUMMARY
SALES TAX REVENUE
MISCELLANEOUS *
***

TOTAL REVENUES

***

445,000.00
90,000.00

27,576.25
0.00

0.00
0.00

73,798.14
22,141.99

0.00
0.00

371,201.86
67,858.01

16.58
24.60

535,000.00
==============

27,576.25
============

0.00
============

95,940.13
=============

0.00
============

439,059.87
============

17.93
======

535,000.00

41,666.66

0.00

41,666.66

41,666.66

451,666.68

15.58

535,000.00
==============

41,666.66
============

0.00
============

41,666.66
=============

41,666.66
============

451,666.68
============

15.58
======

EXPENDITURE SUMMARY
YEDA *
*** TOTAL EXPENDITURES ***

** REVENUE OVER(UNDER) EXPENDITURES **
0.00 (
14,090.41)
0.00
============== ============ ============

54,273.47 (
41,666.66)(
12,606.81)
0.00
============= ============
============ ======

* October 2026 Interest Revenue not recognized as of 10.30.26 - BOK posts interest revenue on the last day of the month
*OnCue, LLC Waterline Agreement Monthly Payment - $41,666.66

1

CONTINUATION SHEET

AIA DOCUMENT G703
APPLICATION NO:
APPLICATION DATE:
PERIOD TO:

AIA Document G702, APPLICATION AND CERTIFICATION FOR PAYMENT, containing
Contractor's signed certification is attached.
In tabulations below, amounts are stated to the nearest dollar.
Use Column I on Contracts where variable retainage for line items may apply.
A
ITEM
NO.

B
DESCRIPTION OF WORK

C
SCHEDULED
VALUE

D
E
WORK COMPLETED
FROM PREVIOUS
THIS PERIOD
APPLICATION
(D + E)

F
MATERIALS
PRESENTLY
STORED
(NOT IN
D OR E)

G
TOTAL
COMPLETED
AND STORED
TO DATE
(D+E+F)

PERCENT
COMPLETE
%
(G ÷ C)

Patriot Land Company

(1) Patriot Land Company 9-30-26

(158,362)

(137,656)

(20,706) ($

(790)

(790)

(0)

(460)

(460)

(0)

-

)

(137,656)

87%
100%
100%
100%
100%
100%

100%

Syntrias Development Partners

(2) HALO 09/10/2026
(3) Oklahoma Department of Environmental Quality 7/29/26
(4) Oklahoma Department of Environmental Quality 8/19/26
(5) G Squared Advisory Partners
(6) Hartzog Conger Cason

(460)

(460)

(0)

(148,580)

(0)

(148,580)

(48,972)

(0)

(48,972)

(790)
(460)
(460)
(148,580)
(48,972)

(444,829)

(394,622)

(50,207)

(444,829)

(802,453)

(533,988)

(268,465.00)

Trinity Builds

(7) Trinity Builds 9/30/2026

TOTAL

(0.00)

(781,747)

97.42%

Users may obtain validation of this document by requesting of the license a completed AIA Document D401 - Certification of Document's Authenticity

AIA DOCUMENT G703 · CONTINUATION SHEET FOR G702 · 1992 EDITION · AIA · ©1992 THE AMERICAN INSTITUTE OF ARCHITECTS, 1735 NEW YORK
G703-1992
AVENUE, N

APPLICATION AND CERTIFICATION FOR PAYMENT
TO :

Trustees of the Yukon Economic
Development Authority
The City Council of the City
of Yukon, Oklahoma

APPLICATION NO:
Application Date:
Period From:
Period To:

FROM Developer:
Syntrias Development Partners

PAGE ONE OF TWO

AIA DOCUMENT G702
PROJECT: Miller Crossing

01

PAGES

Distribution to:

10/1/2026
5/1/2026
9/30/2026

X

YEDA

ARCHITECT:
ADG Blatt

CONTRACTOR'S APPLICATION FOR PAYMENT
Application is made for payment, as shown below, in connection with the Contract.
Continuation Sheet, AIA Document G703, is attached.

The undersigned Contractor certifies that to the best of the Contractor's knowledge,
information and belief the Work covered by this Application for Payment has been
completed in accordance with the Contract Documents, that all amounts have been paid by
the Contractor for Work for which previous Certificates for Payment were issued and
payments received from the Owner, and that current payment shown herein is now due.

1. ORIGINAL CONTRACT SUM
2. Net change by Change Orders
3. CONTRACT SUM TO DATE (Line 1 ± 2)
4. TOTAL COMPLETED & STORED TO
DATE
(Column G on G703)
5. RETAINAGE:
a.
0% of Completed Work
$
(Column D + E on G703)
b.
0% of Stored Material
$
(Column F on G703)
Total Retainage (Lines 5a + 5b or
Total in Column I of G703)
6. TOTAL EARNED LESS RETAINAGE
(Line 4 Less Line 5 Total)
7. LESS PREVIOUS CERTIFICATES FOR

$
$
$
$

$
$

(0)
(781,747)
533988)

CERTIFICATE FOR PAYMENT
In accordance with the Contract Documents, based on on-site observations and the data
comprising the application, the Architect certifies to the Owner that to the best of the
Architect's knowledge, information and belief the Work has progressed as indicated,

PAYMENT (Line 6 from prior Certificate)

$

(533,988)

the quality of the Work is in accordance with the Contract Documents, and the Contractor

$

(268,465)
(6,465,815)

CONTRACTOR: Syntrias Development Partners, LLC.

By:

Date:

October 27, 2026

State of: Oklahoma
County of: Oklahoma
Subscribed and sworn to before me this 1 day of OCT.
2026
Notary Public:
My Commission expires:
Commission NO:

8. CURRENT PAYMENT DUE
9. BALANCE TO FINISH, INCLUDING RETAINAGE
(Line 3 less Line 6)
CHANGE ORDER SUMMARY
Total changes approved
in previous months by Owner

(7,247,562)
(0)
(7,247,562)
(781,747)

$

is entitled to payment of the AMOUNT CERTIFIED.
AMOUNT CERTIFIED . . . . . . . . . . . $

$0.00)

(Attach explanation if amount certified differs from the amount applied. Initial all figures on this
Application and on the Continuation Sheet that are changed to conform with the amount certified.)
City of Yukon Economic Development Authority

Total approved this Month

$0.00)

By:

TOTALS

$0.00)

NET CHANGES by Change Order

ADDITIONS

DEDUCTIONS

(268,465)

$0.00)

$0.00)

Date:

This Certificate is not negotiable. The AMOUNT CERTIFIED is payable only to the
Contractor named herein. Issuance, payment and acceptance of payment are without
prejudice to any rights of the Owner or Contractor under this Contract.

AIA DOCUMENT G702 · APPLICATION AND CERTIFICATION FOR PAYMENT · 1992 EDITION · AIATHE AMERICAN INSTITUTE OF ARCHITECTS, 1735 NEW YORK AVE., N.W., WASHINGTON, DC 20006-5292
Users may obtain validation of this document by requesting a completed AIA Document D401 - Certification of Document's Authenticity from the Licensee.

APPLICATION AND CERTIFICATION FOR PAYMENT
TO :

Trustees of the Yukon Economic
Development Authority
The City Council of the City
of Yukon, Oklahoma

APPLICATION NO:
Application Date:
Period From:
Period To:

FROM Developer:
Syntrias Development Partners

PAGE ONE OF TWO

AIA DOCUMENT G702
PROJECT: Miller Crossing

01

PAGES

Distribution to:

10/1/2026
5/1/2026
9/30/2026

X

YEDA

ARCHITECT:
ADG Blatt

CONTRACTOR'S APPLICATION FOR PAYMENT
Application is made for payment, as shown below, in connection with the Contract.
Continuation Sheet, AIA Document G703, is attached.

The undersigned Contractor certifies that to the best of the Contractor's knowledge,
information and belief the Work covered by this Application for Payment has been
completed in accordance with the Contract Documents, that all amounts have been paid by
the Contractor for Work for which previous Certificates for Payment were issued and
payments received from the Owner, and that current payment shown herein is now due.

1. ORIGINAL CONTRACT SUM
2. Net change by Change Orders
3. CONTRACT SUM TO DATE (Line 1 ± 2)
4. TOTAL COMPLETED & STORED TO
DATE
(Column G on G703)
5. RETAINAGE:
a.
0% of Completed Work
$
(Column D + E on G703)
b.
0% of Stored Material
$
(Column F on G703)
Total Retainage (Lines 5a + 5b or
Total in Column I of G703)
6. TOTAL EARNED LESS RETAINAGE
(Line 4 Less Line 5 Total)
7. LESS PREVIOUS CERTIFICATES FOR

$
$
$
$

$
$

(0)
(930,327)
533988)

CERTIFICATE FOR PAYMENT
In accordance with the Contract Documents, based on on-site observations and the data
comprising the application, the Architect certifies to the Owner that to the best of the
Architect's knowledge, information and belief the Work has progressed as indicated,

PAYMENT (Line 6 from prior Certificate)

$

(533,988)

the quality of the Work is in accordance with the Contract Documents, and the Contractor

$

(417,045)
(6,317,235)

CONTRACTOR: Syntrias Development Partners, LLC.

By:

Date:

October 27, 2026

State of: Oklahoma
County of: Oklahoma
Subscribed and sworn to before me this 1 day of OCT.
2026
Notary Public:
My Commission expires:
Commission NO:

8. CURRENT PAYMENT DUE
9. BALANCE TO FINISH, INCLUDING RETAINAGE
(Line 3 less Line 6)
CHANGE ORDER SUMMARY
Total changes approved
in previous months by Owner

(7,247,562)
(0)
(7,247,562)
(930,327)

$

is entitled to payment of the AMOUNT CERTIFIED.
AMOUNT CERTIFIED . . . . . . . . . . . $

$0.00)

(Attach explanation if amount certified differs from the amount applied. Initial all figures on this
Application and on the Continuation Sheet that are changed to conform with the amount certified.)
City of Yukon Economic Development Authority

Total approved this Month

$0.00)

By:

TOTALS

$0.00)

NET CHANGES by Change Order

ADDITIONS

DEDUCTIONS

(417,045)

$0.00)

$0.00)

Date:

This Certificate is not negotiable. The AMOUNT CERTIFIED is payable only to the
Contractor named herein. Issuance, payment and acceptance of payment are without
prejudice to any rights of the Owner or Contractor under this Contract.

AIA DOCUMENT G702 · APPLICATION AND CERTIFICATION FOR PAYMENT · 1992 EDITION · AIATHE AMERICAN INSTITUTE OF ARCHITECTS, 1735 NEW YORK AVE., N.W., WASHINGTON, DC 20006-5292
Users may obtain validation of this document by requesting a completed AIA Document D401 - Certification of Document's Authenticity from the Licensee.

1

CONTINUATION SHEET

AIA DOCUMENT G703
APPLICATION NO:
APPLICATION DATE:
PERIOD TO:

AIA Document G702, APPLICATION AND CERTIFICATION FOR PAYMENT, containing
Contractor's signed certification is attached.
In tabulations below, amounts are stated to the nearest dollar.
Use Column I on Contracts where variable retainage for line items may apply.
A
ITEM
NO.

B
DESCRIPTION OF WORK

C
SCHEDULED
VALUE

D
E
WORK COMPLETED
FROM PREVIOUS
THIS PERIOD
APPLICATION
(D + E)

F
MATERIALS
PRESENTLY
STORED
(NOT IN
D OR E)

G
TOTAL
COMPLETED
AND STORED
TO DATE
(D+E+F)

PERCENT
COMPLETE
%
(G ÷ C)

Patriot Land Company

(1) Patriot Land Company 9-30-26

(158,362)

(137,656)

(20,706) ($

(790)

(790)

(0)

(460)

(460)

(0)

-

)

(137,656)

87%
100%
100%
100%
100%
100%

100%

Syntrias Development Partners

(2) HALO 09/10/2026
(3) Oklahoma Department of Environmental Quality 7/29/26
(4) Oklahoma Department of Environmental Quality 8/19/26
(5) G Squared Advisory Partners
(6) Hartzog Conger Cason

(460)

(460)

(0)

(297,160)

(0)

(297,160)

(48,972)

(0)

(48,972)

(790)
(460)
(460)
(297,160)
(48,972)

(444,829)

(394,622)

(50,207)

(444,829)

(951,033)

(533,988)

(417,045.00)

Trinity Builds

(7) Trinity Builds 9/30/2026

TOTAL

(0.00)

(930,327)

97.82%

Users may obtain validation of this document by requesting of the license a completed AIA Document D401 - Certification of Document's Authenticity

AIA DOCUMENT G703 · CONTINUATION SHEET FOR G702 · 1992 EDITION · AIA · ©1992 THE AMERICAN INSTITUTE OF ARCHITECTS, 1735 NEW YORK
G703-1992
AVENUE, N

APPLICATION AND CERTIFICATE FOR PAYMENT

Page 1 of 3

TO:
Syntrias Development Partners
5709 NW 163rd Terrace
Edmond, OK 73013

PROJECT:
Miller Crossing Sitework
1900 S Yukon Parkway
Yukon, OK 73009

FROM:
TRINITY BUILDS, LLC
13431 Broadway Ext, Suite 140
OKC, OK 73114

VIA:

PROJECT NO: 2614
PERIOD TO: 10/1/2026-10/24/2026
APPLICATION NO: 02
INVOICE NO: 2614.02
CONTRACT DATE: 5/9/2026
The undersigned certifies that to the best of the Contractor's knowledge, information and belief, the Work covered by this
Application for Payment has been completed in accordance with the Contract Documents, that all amounts have been paid by
the Contractor for Work which previous Certificates for payment were issued and payments received from the Owner/Client, and
that current payments shown herein is now due.

CONTRACTOR'S APPLICATION FOR PAYMENT
Application is made for payment, as shown below, in connection with the Contract.
Continuation sheet is attached.
1. ORIGINAL CONTRACT SUM

$444,828.41

2. Net change by Change Orders

$0.00

CONTRACTOR: TRINITY BUILDS, LLC

3. CONTRACT SUM TO DATE (Line 1 +/- 2)

$444,828.41

By:

4. TOTAL COMPLETED & STORED TO DATE
(Column G on Continuation Sheet)

$444,828.81

State of: Oklahoma

5. RETAINAGE:
a. 0% of completed Work

County of: Oklahoma
Subscribed and sworn to before

$0.00

(Column I on Continuation Sheet)

b. 0% of Stored Material

me this____________
day of

Total Retainage (Line 5a +5b or

Notary Public:

(Total in Column I of Continuation Sheet)

$0.00

ARCHITECT'S CERTIFICATE FOR PAYMENT

6. TOTAL EARNED LESS RETAINAGE
$444,828.81

(Line 4 less Line 5 Total)

7. LESS PREVIOUS CERTIFICATES FOR PAYMENT

$394,621.82

(Line 6 from prior Certificate)

8. CURRENT PAYMENT DUE

In accordance with the Contract Documents, based on onsite observations and the data comprising application, the Architect
certifies to the Owner that to the best of the Architect's knowledge, information and belief the Work has progressed as
indicated, the quality of the Work is in accordance with the Contract Documents and the Contractor is entitled to payment of the
AMOUNT CERTIFIED.

$50,206.99

9. BALANCE TO FINISH, INCLUDING RETAINAGE
(Line 3 less Line 6)
ADDITIONS

AMOUNT CERTIFIED:
($0.40)

(Attach explination if amount certified differs from the amount applied for. Initial all figures on this application and on the
continuation sheet that are changed to confrom to the amoutn certified.)

DEDUCTIONS

Previously Approved CO's:
Total Approved this Month:

$0.00

$0.00

TOTALS:

$0.00

$0.00

NET CHANGES by Change Order

,2026

$0.00

(Column F on Continuation Sheet)

CHANGE ORDER SUMMARY

Date:

ARCHITECT:
By:
$0.00

This certificate is not negotiable. The Amount Certifed is payable only to the contractor named herein. Issuance, payment and
acceptance of payment are without predjudice to any rights of the Owner of Contractor under this Contract.

A

B

C

ITEM
NO.

SCHEDULED
VALUE
BUDGET CODE

1

DESCRIPTION OF WORK

Advertisements & Invitations

2

00.11 00.C:
Advertisements and
Invitations
01.00 10.O: Overhead

3

01.00 20.O: Profit

4

01.10.L: Labor

5
7
8

9

D

E

WORK COMPLETED

FROM PREVIOUS
APPLICATION
(D + E)

G

F

THIS PERIOD

MATERIALS
TOTAL
PRESENTLY COMPLETED
STORED
AND STORED
(NOT IN D
TO DATE
OR E)
(D + E + F)

H

I

J

% (G / BALANCE TO
C)
FINISH
(C - G)

RETAINAGE

$250.00

$250.00

$0.00

$0.00

$250.00

100.00%

$0.00

$0.00

Overhead

$20,219.50

$17,937.36

$2,282.14

$0.00

$20,219.50

100.00%

$0.00

$0.00

Profit

$20,219.50

$17,937.36

$2,282.14

$0.00

$20,219.50

100.00%

$0.00

$0.00

Staff Labor

$290,851.00

$260,169.00

$30,682.00

$0.00

$290,851.00

100.00%

$0.00

$0.00

01.13.C: General
General Conditions: Consumables
Conditions
01.41 26.O: Permit
Permit Requirements
Requirements
01.50 00.R:
Port-a-Jons
Temporary Facilities and
Controls
Field Office
01.52 13.R: Field
Offices and Sheds

$9,960.71

$0.00

$9,960.71

$0.00

$9,960.71

100.00%

$0.00

$0.00

$150.00

$150.00

$0.00

$0.00

$150.00

100.00%

$0.00

$0.00

$476.33

$476.33

$0.00

$0.00

$476.33

100.00%

$0.00

$0.00

$24,901.00

$24,901.00

$0.00

$0.00

$24,901.00

100.00%

$0.00

$0.00

01.53 00.S: Temporary
Construction
01.56 26.R:
Temporary Fencing
01.58 13.C:
Temporary Project
Signage

Earthwork/Rock Groundbreak/Laydown

$33,000.00

$33,000.00

$0.00

$0.00

$33,000.00

100.00%

$0.00

$0.00

Temporary Fencing

$34,000.00

$34,000.00

$0.00

$0.00

$34,000.00

100.00%

$0.00

$0.00

Groundbreak Signage

$2,446.75

$2,446.75

$0.00

$0.00

$2,446.75

100.00%

$0.00

$0.00

13

01.78 32.O:
Builders Risk

Builders Risk Insurance

$5,000.00

$0.00

$5,000.00

$0.00

$5,000.00

100.00%

$0.00

$0.00

14

06.10 00.C: Rough
Carpentry

Groundbreak - Rough Carpentry

$3,354.02

$3,354.02

$0.00

$0.00

$3,354.02

100.00%

$0.00

$0.00

$444,828.81

$394,621.81

$50,206.99

$0.00 $444,828.81 100.00%

$0.00

$0.00

10

11
12

TOTALS:

CHANGE ORDERS
A

B

C

ITEM
NO.

D

SCHEDULED
VALUE
BUDGET CODE

DESCRIPTION OF WORK

E

FROM PREVIOUS
APPLICATION
(D + E)

TOTALS:

F

WORK COMPLETED

$0.00

THIS PERIOD

$0.00

$0.00

G

MATERIALS
TOTAL
PRESENTLY COMPLETED
STORED
AND STORED
TO DATE
(NOT IN D
OR E)
(D + E + F)

$0.00

$0.00

H

I

% (G / BALANCE TO
C)
FINISH
(C - G)

0.00%

J

RETAINAGE

$0.00

$0.00

I

J

GRAND TOTALS
A

B

C

ITEM
NO.

SCHEDULED
VALUE
BUDGET CODE

DESCRIPTION OF WORK

GRAND TOTALS:

D

FROM PREVIOUS
APPLICATION
(D + E)

$444,828.81

E

WORK COMPLETED

$394,621.81

THIS PERIOD

$50,206.99

F

G

MATERIALS
TOTAL
PRESENTLY COMPLETED
STORED
AND STORED
(NOT IN D
TO DATE
OR E)
(D + E + F)

H

% (G / BALANCE TO
C)
FINISH
(C - G)

$0.00 $444,828.81 100.00%

$0.00

RETAINAGE

$0.00

Name
Bryce
Clay
Josh
Wyatt
APMs
PEs
Jen
Ken
Carpenters/Laborers
PreCon

Hours
30
30
24
12
24
37
19
20
0
24

Cost
$8,400.00
$7,050.00
$4,920.00
$1,080.00
$1,968.00
$2,479.00
$1,349.00
$2,020.00
$0.00
$1,416.00
$30,682.00

TRINITY BUILDS, LLC
Project Cost Detail
October 1 - October 26, 2026

DESCRIPTION OF WORK
Advertisements & Invitations
Staff Labor
General Conditions: Consumables
Permit Requirements
Temporary Facilities and Controls
Field Offices and Sheds
Temporary Construction
Temporary Project Signage
Rough Carpentry
Builders Risk

THIS PERIOD
$0.00
$30,682.00
$9,960.71
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$5,000.00

I NVOI CE
BLACKBIRD ENVIRONMENTAL, LLC
PO Box 720100
Norman, OK 73070

[email protected]
+1 (405) 640-3011
www.blackbirdenv.com

Bill to

Ship to

Mr. Clay Cockrill
Patriot Land, LLC
141 NE 13th Street, Suite 100
Oklahoma City, Oklahoma 73104

Mr. Clay Cockrill
Patriot Land, LLC
141 NE 13th Street, Suite 100
Oklahoma City, Oklahoma 73104

Invoice details

P.O. Number: 2182

Invoice no.: 1888
Terms: Net 30
Invoice date: 09/18/2026
Due date: 10/18/2026

#

Date

Product or service

Description

Qty

Rate

Amount

1.

Wetland Specialist (2026)

Wetland Specialist (Hourly)

24

$178.00

$4,272.00

2.

Mileage

Travel to and from the study area

75

$0.7 0

$52.50

(Miles)

Ways to pay

$4,324.50

Total

Note to customer
Yukon Property Additional Field and Permit Submittal
NW 1/4 of Section 27, T12N, R5W
Canadian County, Oklahoma

View and pay

to k e n =

October 12, 2026
Invoice No:

283068

Patriot Land Company
[email protected]
[email protected]
Project
002680015.00
Miller Crossing -- Yukon, Oklahoma
Mixed-Use subdivision
Professional Services from September 01, 2026 to September 30, 2026
Fee
Billing Phase

Percent Previous Fee
Complete
Billing

Fee

Due Diligence Site Investigatoin
Flood & Detention Feasibility Study
Rezoning / PUD
Schematic Design
Subdivision Plat (North Tract)-Prelim
Subdivision Plat (North Tract) - Final
Total Fee

5,000.00
30,000.00
9,500.00
50,000.00
5,500.00
10,000.00
110,000.00

100.00
100.00
67.00
100.00
67.00
0.00

5,000.00
30,000.00
950.00
50,000.00
0.00
0.00
85,950.00

Total Fee

Current Fee
Billing
0.00
0.00
5,415.00
0.00
3,685.00
0.00
9,100.00
9,100.00

Reimbursable Expenses
Mileage

113.98
113.98

Total Reimbursables
Invoice Amount Now Due:
Billings to Date
Fee
Expense
Total Billed to Date

Current
9,100.00
113.98
9,213.98

Prior
85,950.00
0.00
85,950.00

Total
95,050.00
113.98
95,163.98

Outstanding Invoices
Number
279963
282399
Total

Date
7/20/2026
9/21/2026

Balance
3,400.00
16,500.00
19,900.00

wallace design collective, pc - 123 north martin luther king jr boulevard - tulsa, oklahoma 74103 - 918.584.5858

113.98
$9,213.98

Project

002680015.00

Miller Crossing -- Yukon, Oklahoma

Invoice

Billing Backup
WALLACE DESIGN COLLECTIVE, PC
Project

002680015.00

283068

Monday, October 12, 2026
11:45:42 AM

Invoice 283068 Dated 10/12/2026
Miller Crossing -- Yukon, Oklahoma

Reimbursable Expenses
Mileage
EX 000080885
EX 000081159
EX 000081160
EX 000081161

9/14/2026

Savage, Christopher / / 44.00 miles @
0.725
10/2/2026
Savage, Christopher / / 36.00 miles @ 0.76
10/2/2026
Angier, Afsana / / 36.00 miles @ 0.76
10/2/2026
Patel, Purvi / / 36.00 miles @ 0.76
Total Reimbursables

31.90
27.36
27.36
27.36
113.98

113.98

Total this Project

$113.98

Total this Report

$113.98

wallace design collective, pc - 123 north martin luther king jr boulevard - tulsa, oklahoma 74103 - 918.584.5858

INVOICE

Invoice Date: 10/05/2026
Invoice No: 26-10-000001
Page 1 of 1
CORPORATE OFFICE and CENTRAL LABORATORY
(405) 528-0541

Client Address: Patriot Land Company, LLC
Michael Carnuccio
141 NE 13th St.
Suite 100
Oklahoma City, OK. 73104 USA

Account No: 0230PLC26
Project No: 2630-0649
Project Desc.: S Yukon Pkwy & Old Oklahoma 4, Oklahoma

===================== Invoice Detail by Report ===================
Report No.

Sampled

Qty

Billing Code

Unit Type

2977

10/04/2026

1.00

GW001 - Laboratory + Report (Final
Invoice)

LumpSum

REMIT TO: 3400 N. LINCOLN BLVD
OKLAHOMA CITY, OK 73105
ACH/EFT Payment Instructions:
Email remittances to: [email protected]

Unit Rate

Extension

$7,167.50

$7,167.50

Report Number 2977 for a Subtotal of:

$7,167.50

Total for this Invoice:

$7,167.50

TERMS: DUE UPON RECEIPT
FIN 82-3042789
We Accept Visa / MasterCard / AMEX

INVOICES OVER 90 DAYS ARE SUBJECT TO A MINIMUM $150 LATE FEE
CREDIT CARD TRANSACTIONS ARE SUBJECT TO 2.5% SERVICE FEE

201 Robert S. Kerr Avenue
Suite 1600
Oklahoma City, Oklahoma 73102
Phone - 405-235-7000
Fax - 405-996-3403
Tax ID # 20-1997652

Attn: Clay Cockrill
Syntrias Development, LLC
13431 North Broadway Extension, Ste140
Oklahoma City, OK 73114

Invoice Date:
Invoice No.:

October 26, 2026
121041

Matter: 18741.5002
PREF A - Miller Crossing

EDC
Due Upon Receipt

Send invoice via email and US mail

Fees

06/01/2026

EDC

JLF

07/20/2026

07/27/2026

EDC

EDC

Hours

Amount

Discuss Yukon site development with Jacob
Fanning.

0.20

75.00

Discuss with Evan Chambers scope of real
property for Miller Crossing.

0.20

60.00

Work on revisions to new Fund and review pro
forma.

1.30

487.50

Work on LOI for McBride development and
discuss with Clay.

0.20

75.00

07/28/2026

EDC

Work on McBride LOI.

0.50

187.50

07/29/2026

EDC

Discuss McBride LOI with Jacob Fanning and
finish revisions; send to client and review in
connection with site plan.

2.40

900.00

JLF

Work on McBride JV letter of intent.

0.60

180.00

EDC

Discuss Miller Crossing with Kasidi Liebmann

08/17/2026

Scan to Pay
If you choose to pay your invoice by credit card, a processing fee of 2% will be added to cover the cost charged by the card processor.
Please contact Billing Department at 405.235.7000 with any questions or email [email protected].

Syntrias Development, LLC
ID# 18741.5002 - EDC
RE: PREF A - Miller Crossing

and Trey Tipton; follow up with Clay Cockrill.

Hours
1.30

Amount
487.50

Call with Evan Chambers and Trey Tipton
regarding division of duties and plan for the
development and equity raise.

0.70

No Charge

Prepare issues list for MCDC negotiations;
review documents from Trey Tipton.

1.10

412.50

Call with client regarding Miller Crossing
structure; follow up on issues list.

0.70

262.50

Call with Trey, Michael, and Clay regarding
status of Patriot Land.

1.60

600.00

Call with client regarding update in fund
structure.

0.70

No Charge

Call with Clay regarding transaction structure
and PPM; work on PPM questionnaire with Kasidi
Liebmann.

0.70

262.50

Draft PPM Questionnaire in preparation for
discussions regarding structure and next
steps.

1.20

336.00

EDC

Complete PPM questionnaire and send to Clay.

0.60

225.00

EDC

Work on organizational documents for PREF;
discuss ADGBlatt Contract with Cecilee Van
Horn.

0.70

262.50

CVH

Discuss architect contract with Evan Chambers.

0.30

78.00

KBL

Call with Evan Chambers to discuss structure
of Special Purpose Vehicle for Miller Crossing
properties; begin draft of Fund Operating
Agreement.

1.20

336.00

EDC

Work on new Fund LLC Agreement.

0.30

112.50

EDC

Travel and meet with Syntrias team regarding
PPM Questionnaire; follow up work on offering
documents with Kasidi Liebmann.

3.60

1,350.00

Attention to AIA Document B121 for Master
Agreement between Owner and Architect.

0.30

78.00

Begin work on LLC Agreement and PPM; discuss
with Kasidi Liebmann. [9/4-9/5]

4.80

1,800.00

Research regarding Qualified Client status;
provide Evan Chambers summary of the same.

2.00

No Charge

KBL

08/18/2026

08/21/2026

08/25/2026

08/26/2026

EDC

EDC

EDC

KBL

EDC

08/27/2026

09/01/2026

09/02/2026

09/03/2026

09/04/2026

KBL

CVH

EDC

09/06/2026

Invoice Date:
10/26/2026
121041
Invoice No.:
Page No.:
2

KBL

Syntrias Development, LLC
ID# 18741.5002 - EDC
RE: PREF A - Miller Crossing

09/07/2026

09/08/2026

CVH

KBL

JCC

Invoice Date:
10/26/2026
121041
Invoice No.:
Page No.:
3

Hours

Amount

Attention and comment to AIA Document B121 for
Master Agreement between Owner, Miller
Crossing Development, and Architect, ADG
Blatt.

1.50

390.00

Work on Syntrias PREF A initial offering
questionnaire documents; provide updates on
questionnaire for initial operating agreement
drafts; work on Operating Agreement.

4.00

1,120.00

Analyze tax structuring questions regarding
new development; email correspondence to Evan
Chambers regarding tax considerations.

0.50

187.50

09/09/2026

KBL

Draft PPM.

1.30

364.00

09/10/2026

KBL

Work on Operating Agreement and PPM.

1.30

364.00

09/11/2026

KBL

Work on Operating Agreement; work on PPM.

6.80

1,904.00

EDC

Finish ADGBlatt contract review and send to
Clay; follow up with additional comments.

1.70

637.50

EDC

Discuss new Yukon Mills prospect with Michael.

0.20

75.00

09/12/2026

KBL

Work on Private Placement Memorandum.

3.00

840.00

09/13/2026

EDC

Review and revise PREF A Operating Agreement;
send comments to Kasidi Liebmann.

3.30

1,237.50

Attention to email correspondence between Clay
Cockrill and Even Chambers regarding comments
to AIA B101 Architect Contract.

0.30

78.00

KBL

Revise Syntrias PREF A Operating Agreement.

1.30

364.00

EDC

Review and revise PPM; update ADG Blatt
contract.

0.60

225.00

Work on updates to PPM and Operating
Agreement.

2.10

588.00

Review and comment to CBRE Exclusive Leasing
and Sales Agreement with Syntrias Development
Partners.

2.10

546.00

Review and comment to CBRE Exclusive Leasing
and Sales Agreement with Syntrias Development
Partners.

0.80

208.00

Review and comment to CBRE Exclusive Leasing
and Sales Agreement with Syntrias Development
Partners.

1.20

312.00

09/14/2026

09/15/2026

09/16/2026

09/17/2026

09/18/2026

CVH

KBL

CVH

CVH

CVH

Syntrias Development, LLC
ID# 18741.5002 - EDC
RE: PREF A - Miller Crossing

09/19/2026

Hours

Amount

Work on PPM and Operating Agreement; follow up
with Kasidi Liebmann. [9/19-9/20]

3.50

1,312.50

Review comments from Evan Chambers and make
updates to Private Placement Memorandum and
Operating Agreement.

5.00

1,400.00

Make revisions to Operating Agreement from
Evan Chambers comments; make corresponding
updates to PPM.

2.50

700.00

Finish CBRE agreement and send to client;
continue work on PPM and Operating Agreement.

0.40

150.00

Work on PPM revisions; work on Operating
Agreement revisions.

3.00

840.00

Attention to and revise CBRE Compensation
Agreement between CBRE and Syntrias
Development.

1.50

390.00

Attention to revised CBRE Compensation
Agreement per email correspondence with Clay
Cockrill.

0.40

104.00

Work on PPM and Operating Agreement revisions;
discuss with Kasidi Liebmann.

0.80

300.00

Revise PPM and Operating Agreement; circulate
to Client for review.

2.00

560.00

Call with Clay Cockrill regarding questions to
CBRE Agreement; Attention to CBRE Agreement
incorporating changes from said call.

1.40

364.00

EDC

Work on PPM risk factor revisions.

0.50

187.50

EDC

Finish updates to PPM risk factors and discuss
with Kasidi Liebmann; send comments on Trinity
GC Contract to Cecilee Van Horn.

1.40

525.00

EDC

KBL

09/20/2026

09/21/2026

KBL

EDC

KBL

CVH

09/22/2026

CVH

EDC

KBL

09/23/2026

09/25/2026

Invoice Date:
10/26/2026
121041
Invoice No.:
Page No.:
4

CVH

09/27/2026

KBL

Revise and restructure risk factors.

1.50

420.00

09/28/2026

EDC

Work on organizational documents; follow up
with Cecilee Van Horn regarding Contractor
Agreement.

0.30

112.50

Attention to Clay Cockrill comments to CBRE
Compensation Agreement; Telephone conference
with Evan Chambers regarding the same;
Attention to Agreements with Trinity Builds.

3.00

780.00

Discuss Trinity-Syntrias contract with Cecilee
Van Horn; work on Fund checklist.

0.50

187.50

09/29/2026

CVH

EDC

Syntrias Development, LLC
ID# 18741.5002 - EDC
RE: PREF A - Miller Crossing

09/30/2026

Hours

Amount

Review Syntrias Amended and Restated Operating
Agreement draft; review checklist.

0.40

150.00

Attention and comment to AIA Agreements
between Syntrias and Trinity Builds.

4.00

1,040.00

Discuss Subscription Agreement with Evan
Chambers.

0.30

72.00

Work on Fund subscription documents and
discuss with Gaby Byrne.

0.50

187.50

Work on PPM revisions; work on Patriot
rollover matters; discuss capital call process
with Michael and Clay.

0.90

337.50

Draft Subscription Agreement; Discuss rollover
agreement with Evan Chambers and Kasidi
Liebmann.

1.80

432.00

GBB

Draft Subscription Agreement.

1.30

312.00

EDC

Work on PREF A organizational documents;
discuss capital call tranches with Kasidi
Liebmann; work on Subscription Agreement.

0.70

262.50

Make updates to PPM regarding tranche
concepts; make updates to Operating Agreement
with attention to tranche capital concept.

2.40

672.00

Review Subscription Agreement; work on Fund
Operating Agreement with Kasidi Liebmann.

1.10

412.50

Discuss and review Rollover Agreement with
Gaby B. Byrne.

0.50

140.00

GBB

Draft Rollover Agreement and Election Form.

2.10

504.00

EDC

Meet with Clay, Bryce, and Michael regarding
PPM and Operating Agreement; follow up with
Kasidi Liebmann regarding revisions; work on
Patriot Land acquisition with Gaby B. Byrne.

4.50

1,687.50

Continue working on revisions to PPM and
Operating Agreement; work on Patriot Land
acquisition documents and Subscription
Agreement.

1.70

637.50

Work on Patriot Land acquisition and updates
to PPM.

1.90

712.50

Update Subscription Agreement to account for
Patriot Land matters.

1.00

240.00

EDC

CVH

10/02/2026

GBB

EDC

10/05/2026

EDC

GBB

10/06/2026

10/08/2026

KBL

EDC

10/09/2026

10/10/2026

10/12/2026

10/13/2026

Invoice Date:
10/26/2026
121041
Invoice No.:
Page No.:
5

KBL

EDC

EDC

GBB

Syntrias Development, LLC
ID# 18741.5002 - EDC
RE: PREF A - Miller Crossing

Hours

Amount

Work on PPM and Patriot Land acquisition; send
request list to Naomi D. Smith regarding
merger structure.

1.80

675.00

Attention to AIA Agreement between Syntrias
and Architect, ADG Blatt.

2.30

598.00

Work on updates to PPM and Operating
Agreement.

1.10

412.50

Discuss Patriot Land merger acquisition
structure with Naomi D. Smith; work on PPM
updates with Kasidi Liebmann. [10/15-10/16]

2.00

750.00

Revise PPM and Operating Agreement; send to
client.

1.50

562.50

Draft Side Letter; update Operating Agreement;
draft Form ID and prepare for filing;
correspondence with Evan Chambers and Clay
Cockrill regarding the same.

2.90

812.00

Call with client regarding final updates to
PPM and Operating Agreement; revise and send.

4.60

1,725.00

KBL

Work on PPM; work on Side Letter.

3.80

1,064.00

EDC

Finish Operating Agreement and PPM; send to
client; coordinate with Preston Rose on
acquisition review and TIF documents.

3.30

1,237.50

KBL

Work on Side Letter draft.

0.50

140.00

KBL

Prepare for merger documentation; prepare
transaction checklist for merger documents and
research regarding the same; call with Evan
Chambers and Preston Rose regarding TIF
updates to PPM.

2.30

644.00

2.80

994.00

3.10

1,162.50

5.80

2,059.00

EDC

10/14/2026

CVH

EDC

10/15/2026

10/17/2026

10/19/2026

EDC

EDC

KBL

EDC

10/20/2026

10/21/2026

PWR Call with Evan Chambers and Kasidi B. Liebmann
regarding transaction. Review of PPM, deal
sheet, and model.
EDC

10/22/2026

Invoice Date:
10/26/2026
121041
Invoice No.:
Page No.:
6

Work on Merger Agreement for Patriot Land;
work on Construction documents.

PWR Review of incentive documents. Review of PPM,
deal sheet, and model; follow-up with Evan
Chambers regarding TIF and development risks.
CVH

Attention to ADG Blatt Master Service
Agreement for Syntrias; Prepare for Call with
Clay Cockrill; On call with Clay Cockrill to

Invoice Date:
10/26/2026
121041
Invoice No.:
Page No.:
7

Syntrias Development, LLC
ID# 18741.5002 - EDC
RE: PREF A - Miller Crossing

Hours

Amount

discuss updated changes to Master Service
Agreement; Incorporate comments to Master
Service Agreement per call with Clay Cockrill.

3.10

806.00

KBL

Work on Merger documents.

1.70

476.00

EDC

Work on Patriot Land acquisition and merger
structure with Naomi D. Smith; work on TIF
matters with Preston Rose.

1.90

712.50

153.10

48,971.50

For Current Services Rendered
Recapitulation
Timekeeper
Chapel, Jesse C.
Chambers, Evan D.
Fanning, Jacob L.
Liebmann, Kasidi B.
Byrne, Gaby B.
Van Horn, Cecilee
Rose, Preston W.

Title
Partner
Partner
Associate
Associate
Associate
Associate
Counsel

Hours
0.50
64.20
0.80
50.30
6.50
22.20
8.60

Rate
$375.00
375.00
300.00
280.00
240.00
260.00
355.00

Total
$187.50
24,075.00
240.00
14,084.00
1,560.00
5,772.00
3,053.00

Total Current Work

48,971.50

Balance Due

$48,971.50

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INVOICE

G Squared Advisory Partners, LLC
400 North Walnut Avenue
Oklahoma City, Oklahoma 73104
Phone: (405) 831-0668 / (405) 779-7141
BILL TO

INVOICE #

DATE

Syntrias Development Partners, LLC

1

10/13/2026

141 Northeast 13th Street, Suite 100

CUSTOMER ID

TERMS

Oklahoma City, Oklahoma 73104

Syntrias

Due in net 15-days

Attn: Clay Cockrill

DESCRIPTION
Consulting Fee for P3

QTY
1

UNIT PRICE
(

AMOUNT

297,160.00) (

SUBTOTAL

297,160.00)

(

-

)

(

-

)

(

-

)

(

-

)

(

-

)

(

-

)

(

-

)

(

-

)

(

-

)

(

-

)

(

-

)

(

-

)

(

Revised by half per agreement
with YEDA 10-29-26

297,160.00)

TAX RATE
TAX

TOTAL

If you have any questions about this invoice, please contact
Steve or Thomas at (405) 831-0668 or (405) 779-7141.

($ 297,160.00)

$148,580

​EXHIBIT E​
​PROJECT COSTS PAYMENT NOTICE​
​INCREMENT DISTRICT NO. 3, CITY OF YUKON​

​FROM:​

​SYNTRIAS DEVELOPMENT PARTNERS, LLC (the “Developer”)​

​TO:​

​ rustees of the Yukon Economic Development Authority (the “Authority”)​
T
​City Council of the City of Yukon, Oklahoma (the “City”)​

​DATE:​

​10/27/2026​

​Pursuant​ ​to​ ​the​ ​provisions​ ​the​ ​Economic​ ​Development​ ​Agreement​ ​dated​ ​as​ ​of​ ​May​ ​1,​
2​ 026,​ ​by​ ​and​ ​among​ ​the​ ​Authority,​ ​the​ ​City,​ ​and​ ​the​ ​Developer​ ​(the​ ​“Agreement”),​ ​you​ ​are​
​forthwith​​given​​notice​​of​​the​​expenditure​​of​​Project​​Costs​​by​​the​​Developer,​​pursuant​​to​​Sections​
​3.3​ ​and​ ​4.3​ ​of​ ​the​ ​Agreement,​ ​in​ ​the​ ​amounts​ ​shown​ ​for​ ​the​ ​purposes​ ​set​​forth​​in​​this​​Notice.​
​You​​are​​hereby​​requested​​to​​disburse​​Tax​​Increment​​revenues,​​at​​such​​times​​and​​in​​such​​amounts​
​as​ ​received,​ ​for​ ​payment​ ​of​ ​the​ ​Project​ ​Costs​ ​Reimbursement​ ​Obligation​ ​as​ ​set​ ​forth​ ​in​ ​the​
​Agreement.​
​NOTICE NUMBER​​02​
​CREDITOR​​Syntrias Development Partners, LLC.​
​DESCRIPTION OF WORK OR ITEMS PURCHASED​​See Exhibit​

​ MOUNT REQUESTED FOR REIMBURSEMENT​ ​$268,465​
A
​PAYMENT DATE OF PROJECT COST​​October 1, 2026 through​​October 27, 2026​
​ otices​​shall​​be​​supported​​by​​invoices​​and​​canceled​​checks​​or​​bank​​statements​​showing​​the​​date​
N
​funds​​are​​transferred​​for​​payment​​of​​authorized​​Project​​Costs.​ ​Reimbursement​​to​​the​​Developer​
​shall​​occur​​upon​​receipt​​by​​the​​Authority​​of​​Tax​​Increment​​revenues​​and​​action​​of​​the​​Authority​
​approving disbursement of Tax Increment revenues.​
​ ith​ ​reference​ ​to​ ​the​ ​above​ ​notice,​ ​the​ ​undersigned​ ​duly​ ​authorized​ ​representative​ ​of​ ​the​
W
​Developer​ ​certifies​ ​that​ ​the​ ​foregoing​ ​payment​ ​is​ ​for​ ​a​ ​purpose​ ​specified​ ​in​ ​the​ ​Economic​
​Development​ ​Agreement​ ​and​ ​in​ ​the​ ​Yukon​ ​Parkway​​Economic​​Development​​Project​​Plan​​and:​
​(i)​​that​​none​​of​​the​​items​​for​​which​​this​​payment​​is​​proposed​​to​​be​​made​​has​​formed​​the​​basis​​for​
​any​​payment​​heretofore​​made​​from​​the​​Tax​​Increment,​​(ii)​​that​​each​​item​​for​​which​​this​​payment​
​is​ ​proposed​ ​to​ ​be​​made​​is​​or​​was​​necessary​​and​​proper​​in​​connection​​with​​the​​Project​​and​​each​
​item​ ​of​ ​tangible​ ​property​ ​is​ ​now​ ​in​ ​place​ ​and​ ​(iii)​ ​that​ ​there​ ​has​ ​not​ ​been​​filed​​with​​or​​served​
​E-​​1​

u​ pon​ ​the​ ​Developer​ ​notice​ ​of​ ​any​ ​lien,​ ​right​​to​​lien,​​or​​attachment​​upon,​​or​​claim​​affecting​​the​
​right​ ​of​ ​any​ ​such​ ​persons,​​firms,​​or​​corporations​​to​​receive​​payment​​of,​​the​​respective​​amounts​
​stated​​in​​such​​notice​​which​​has​​not​​been​​released​​or​​will​​not​​be​​released​​simultaneously​​with​​this​
​payment.​
​SYNTRIAS DEVELOPMENT PARTNERS, LLC​

_​ _____________________________​
​Authorized Developer Representative​

​Acknowledged by:​
​ UKON​ ​ECONOMIC​
Y
​AUTHORITY​

​By:​

​Submit in triplicate:​
1​ to Developer​
​1 to Authority​
​1 to City​

​E-​​2​

​DEVELOPMENT​

​ _______________________________​
_
​Name: __________________________​
​Title: __________________________​
​Date: __________________________​

EXHIBIT “A”
YUKON ECONOMIC DEVELOPMENT AUTHORITY
DRAW REQUEST
YUKON ECONOMIC DEVELOPMENT AUTHORITY CONSTRUCTION FUND
FROM:

Trustees of the Yukon Economic Development Authority

TO:

Brooks Bank, National Association

DATE:

11/03/2026
_________________

Pursuant to the provisions the Note Indenture dated as of October 1, 2026, by and between
the Yukon Economic Development Authority (the “Authority”) and Brooks Bank, National
Association, as purchaser of the Note described therein, you are directed to pay Creditor from the
Construction Fund of said Authority as indicated below, the amounts shown for the purposes set forth
in this Draw Request.

Syntrias Development Partners
_______________________________________________________________________________
CREDITOR
TRUST NO.
Draw Request # 2
Miller Crossing
_______________________________________________________________________________
ITEM
ITEM NO.
11/03/2026
Construction progress payment - Pay App 02
$268,465.00
_______________________________________________________________________________
DATE
PURPOSE
AMOUNT
[ ]

Check here and initial if this Draw Request represents the final Advance. _______
[Remainder of Page Left Blank Intentionally]

AUTHORIZATION AND CERTIFICATE OF AUTHORIZED REPRESENTATIVE
With reference to the above Draw Request, the undersigned certifies:
1.

The above Draw Request is approved.

2.

Each obligation therein has been properly incurred and is now due and unpaid and that insofar
as such obligation was incurred for work, materials, equipment or supplies, such work was
actually performed, and such materials, equipment or supplies were actually installed or
delivered to or for the Project as evidenced by the certificate of the supervising architect or
engineer or other appropriate certification.

3.

That obligations in the stated amounts have been incurred by the Authority and that each item
is a proper charge against the Authority’s Withholding Tax Revenues and has not been paid.

4.

That there has not been filed with or served upon the Authority notice of any lien, right to lien,
or attachment upon, or claim affecting the right to receive payment of, any of the monies
payable to any of the persons, firms, or corporations named in such Draw Request, which has
not been released or will not be released simultaneously with the payment of such obligation.

5.

That such Draw Request contains no item representing payment on account of any retained
percentages which the Authority is at the date of such certificate entitled to retain.
[Signatures on Following Page]

ARCHITECT OR ENGINEER
APPROVAL (IF APPROPRIATE)

YUKON ECONOMIC DEVELOPMENT
AUTHORITY

______________________________
Signature and Date

____________________________________
Chairman

____________________________________
Secretary

Approved:
BROOKS BANK, NATIONAL ASSOCIATION

______________________________
Signature and Date
Draw Request Funded:

Date: ________________________

Amount Advanced This Draw Request:

$_____________________________

Total Amount Advanced Under Note:

$_____________________________

Submit in triplicate:
1 to Bank
1 to Authority
1 to City