Broken Arrow Municipal Authority
Meeting of: 05-06-2025
Title:
title
Approval of and authorization to execute a Purchase and Sales Agreement for real property generally located in the 19900 block East 61st Street South, Broken Arrow, Oklahoma; and approval to execute Resolution No. 1653, a Resolution of the City of Broken Arrow ratifying, approving, authorizing and accepting a Purchase and Sales Agreement for real property located in Broken Arrow, Wagoner County, Oklahoma and more particularly described as A Part of the West 10 acres of the East 29.97 acres of Lot 3 of Section 6, Township 18 North, Range 15 East of the Indian Base and Meridian, Wagoner County, Oklahoma, more particularly described as follows: Commencing at the Northeast Corner of Government 3; thence along the North line of Section 6, S88°53'47"W a distance of 657.70 feet; thence along the East Line of the West 10 acres of the East 29.97 acres of Lot 3, S01°19'39"E a distance of 353.75 feet to the Point of Beginning; thence S88°40'21"W a distance of 65.00 feet; thence S34°10'10"W a distance of 325.93 feet; thence S88°41'13"W a distance of 75.00 feet; thence along the West Line of the East 29.97 acres of Lot 3, S01°18'47"E a distance of 700.08 feet; thence along the South Line of Government Lot 3, N88°52'13"E a distance of 329.43 feet; thence N01°19'39"W a distance of 966.55 feet to the Point of Beginning. Having an area of 273,105 Square Feet, 6.2696 acres (the “real property”) in accordance with the terms of a certain Purchase and Sales Agreement by and between the City of Broken Arrow and John M and Cynda A Spoon Trust; approving and authorizing purchase of the real property pursuant to the Purchase and Sales Agreement and authorizing the City of Broken Arrow expenditure of the sum $181,818.40 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 Approval of and authorization to execute a Purchase and Sales Agreement for real property generally located in the 19900 block East 61st Street, Broken Arrow, Oklahoma; and containing other provisions relating thereto (Project No. S.24010)
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Background:
John M and Cynda A Spoon Trust own real property generally located in the 19900 block East 61st Street, Broken Arrow, Oklahoma 74014, also known as A Part of the West 10 acres of the East 29.97 acres of Lot 3 of Section 6, Township 18 North, Range 15 East of the Indian Base and Meridian, Wagoner County, Oklahoma, more particularly described as follows: Commencing at the Northeast Corner of Government 3; thence along the North line of Section 6, S88°53'47"W a distance of 657.70 feet; thence along the East Line of the West 10 acres of the East 29.97 acres of Lot 3, S01°19'39"E a distance of 353.75 feet to the Point of Beginning; thence S88°40'21"W a distance of 65.00 feet; thence S34°10'10"W a distance of 325.93 feet; thence S88°41'13"W a distance of 75.00 feet; thence along the West Line of the East 29.97 acres of Lot 3, S01°18'47"E a distance of 700.08 feet; thence along the South Line of Government Lot 3, N88°52'13"E a distance of 329.43 feet; thence N01°19'39"W a distance of 966.55 feet to the Point of Beginning. Having an area of 273,105 Square Feet, 6.2696 acres. This parcel is located directly across from the Broken Arrow Public Schools Vanguard Academy. The City is considering future utility infrastructure needs in this area. The attached Resolution No. 1653 approves and authorizes the purchase of real estate and designates signatories for all closing documents. (Project No. S.24010).
Cost: $181,818.40 plus closing costs
Funding Source: OWRB Loan
Requested By: Charlie Bright, P.E., Director of Engineering and Construction
Approved By: City Manager’s Office
Attachments: Resolution No. 1653
Purchase and Sales Agreement
Recommendation:
recommend
Approve and authorize execution of a purchase and sale agreement and a Resolution No. 1653
end