Okla. Stat. tit. 11, § 11-38-109

A. For the purpose of aiding in the planning, undertaking or

carrying out of an urban renewal project, a municipality or any

other public body may:

1. Cause public buildings and public facilities to be

furnished, including parks, playgrounds, recreational, community,

educational, water, sewer, or drainage facilities, or any other

works which it is otherwise empowered to undertake; furnish,

dedicate, close, vacate, pave, install, grade, regrade, plan or

replan streets, roads, sidewalks, ways or other places; or make

exceptions from building regulations; and cause administrative and

other services to be furnished;

2. Accept by gift or otherwise acquire, with or without

consideration, title to real property in an urban renewal project

area, hold such real property and enter into lease-purchase or other

agreements respecting the operation, use, or disposal of such land,

Oklahoma Statutes - Title 11. Cities and Towns Page 410

with a duly organized urban redevelopment corporation or Urban

Renewal Authority. Such lease-purchase or other agreements shall

contain such terms and conditions as may be deemed necessary and

convenient to the execution of an urban renewal plan; or

3. Appropriate funds for urban renewal purposes.

B. If at any time title to or possession of any real property

in an urban renewal project is held by any municipality or public

body or governmental agency which is authorized by law to engage in

the undertakings, carrying out, or administration of urban renewal

projects (including any agency or instrumentality of the United

States of America), the provisions of the agreements referred to in

this section shall inure to the benefit thereof and may be enforced

by such public body or governmental agency.

C. Any sale, conveyance, lease or lease-purchase agreement or

agreement provided pursuant to this section may be made by a public

body to any other public body without appraisal, public notice,

advertisement or public bidding.

D. For the purpose of aiding in the planning, undertaking or

carrying out of an urban renewal project hereunder, a municipality

or an Urban Renewal Authority or any other public agency, board or

body may (in addition to its other powers and upon such terms, with

or without consideration, as it may determine) do and perform any or

all of the actions or things which such public agencies or public

bodies are authorized to do or perform, including the furnishing of

financial and other assistance.

E. For the purposes of this section, or for the purposes of

aiding in the planning, undertaking or carrying out of an urban

renewal project, such municipality may issue and sell its general

obligation bonds. Any bonds issued by a municipality pursuant to

this section shall be issued in the manner and within the

limitations prescribed by laws of this state for the issuance and

authorization of bonds by such municipality for public purposes

generally.