Broken Arrow City Council
Meeting of: 06-03-2024
Title:
title
Approval of and authorization to execute a Purchase and Sales Agreement for a real property at 21144 East 101st Street, Broken Arrow, Oklahoma; and approval and authorization to execute Resolution No. 1583, a Resolution of the City of Broken Arrow ratifying, approving, authorizing and accepting a contract for sale of real estate for real property located in Broken Arrow, Wagoner County, Oklahoma and more particularly described as Lot Four (4), Block One (1), Whispering Hills Estates, a subdivision of the North half of the Northwest Quarter of Section 29, Township 18 North, Range 15 East of the Indian Meridian, in Wagoner County, State of Oklahoma, (the “real property”) in accordance with the terms of a certain contract for sale of real estate by and between the City of Broken Arrow and Richard and Carolyn Hubert; approving and authorizing purchase of the real property pursuant to the contract for sale of real estate; and authorizing the City of Broken Arrow expenditure of the sum $330,000.00 to effect such purchase, as well as reasonable and necessary costs; designating representatives of the City of Broken Arrow, for purposes of granting certain approvals and executing certain instruments as required under and in connection with said assignment and contract for sale of real estate; and containing other provisions relating thereto (Project No. 2417210)
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Background:
Richard and Carolyn Hubert own a real property located at 21144 East 101st Street, Broken Arrow, Oklahoma 74014, also known as Lot Four (4), Block One (1), Whispering Hills Estates, a subdivision of the North half of the Northwest Quarter of Section 29, Township 18 North, Range 15 East of the Indian Meridian, in Wagoner County, State of Oklahoma. This parcel is located directly across from the Broken Arrow Events Park entrance on 101st Street. The city is considering future infrastructure needs in this area. The attached Resolution No. 1583 approves and authorizes the purchase of the real estate and designates signatories for all closing documents. (Project No. 2417210).
Cost: $330,000 plus closing costs
Funding Source: STCI
Requested By: Charlie Bright, P.E., Director of Engineering and Construction
Approved By: City Manager’s Office
Attachments: Resolution No. 1583
Purchase and Sales Agreement
Recommendation:
recommend
Approve and authorize execution of Resolution No. 1583 and approve and authorize execution of the Purchase and Sales Agreement
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