Broken Arrow City Council
Meeting of: 04-03-2018
To: Mayor and City Council
From: Department of Engineering & Construction
Title:
title
Consideration, discussion, and possible approval of Resolution No. 1098, a Resolution of the Broken Arrow City Council approving and authorizing a contract for the purchase and sale of real property located at 11406 South 193rd East avenue, in Broken Arrow, Oklahoma, Tulsa County, Oklahoma; and authorizing the city of Broken Arrow's expenditure of the sum of three hundred and sixty-five thousand dollars and zero cents ($365,000.00) with general obligation bonds, to Storybook Properties, Inc., an Oklahoma corporation, to effect such purchase; as well as reasonable and necessary costs, including closing costs and escrow funds; designating representatives of the city of Broken Arrow, Oklahoma, for purposes of granting certain approvals and executing certain instruments as required under and in connection with said contract for sale of real estate; and containing other provisions relating thereto
End
Background:
The City of Broken Arrow has a projected population of 112,000 persons, representing a 49.6% increase from 2000 and the City is projected to grow by 7.7% through 2020. The City of Broken Arrow Fire Department is an all hazards department responding to a variety of incidents including fire, emergency medical services, hazards material mitigation and other types of specialized rescue. City population will always have an impact on the value of calls and the type of calls a fire department responds to. From 2002 through the present time there has been an approximately 94.7% increase in call volume for fire, emergency medical services, hazards material mitigation and rescue services. It is projected that the Fire Department's anticipated run volume will increase 22% by the year 2018. The National Fire Protection Association (NFPA) has issued a response time standard for the various types of calls the Fire Department will be dispatched to. The location of a fire station in a community directly affects the total response time needed to respond to all hazards presented.
The Ludwig Study previously approved by the Council has recommended the most logical sites for future fire stations. Property located at 11406 South 193rd East Avenue, Broken Arrow, Oklahoma is within the recommended site by the Ludwig Study for a fire station. The City approached the Seller of this property, Storybook Properties, Inc., with a proposal to purchase an estimated 3.03 acres of real property and improvements, located at 11406 South 193rd East Avenue for purposes of constructing a future fire station. The Seller has agreed to sell the Real Property identified. Both the City and Seller have determined that the $365,000.00 purchase price is reasonable, and is supported by a fair market value appraisal of the Real Property obtained by the City.
Cost: $ 365,000.00 (General Obligation Bonds) plus all closing costs and any other cost related to purchase and closing this transaction
Prepared By: Alex Mills, PE, CFM, Director of Engineering and Construction
Reviewed By: Fire Department
Finance Department
Legal Department
Assistant City Manager, Operations
Approved By: Michael L. Spurgeon, City Manager
Attachments: Resolution No. 1098
Contract for Sale of Real Estate
Recommendation:
Approve and authorize execution of Resolution No. 1098.