Broken Arrow City Council
Meeting of: 06/04/2017
To: Mayor and City Council
From: Engineering and Construction Department
Title:
title
Approval of and authorization to execute Resolution No. 1024, a Resolution authorizing the execution of a Contract for Sale of Real Estate for Real Property being the South 660 feet and the West 825 feet of the SW/4 of the SW/4 of Section 24, Township 18 North, Range 14 East, Tulsa County, State of Oklahoma including structures and improvements; and authorizing the City of Broken Arrow’s expenditure of the sum of $700,000.00 to Betty B. Winfrey, Linda M. Main, Russell Floyd Read IV, and Elizabeth Ann Read to effect such purchase; 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 for the 2-3 MG Elevated Storage Tank Project (Project No. 165424)
End
Background:
The City’s right-of-way agent has negotiated a payment of $700,000.00.00 for acquisition with Betty B. Winfrey, Linda M. Main, Russell Floyd Read IV, and Elizabeth Ann Read, the property owners of parcel 1, which consists of 11.34 acres, being the South 660 feet and the West 825 feet of the SW1/4 of the SW/14 of Sec. 24, T18N, R14E, Tulsa County, State of Oklahoma. Payment is will be on the 06/05/17 City Council claims list. Staff recommends that the Council approve Resolution No. 1024 to effect the purchase.
Cost: $700,000.00
Prepared By: Alex M. Mills, P.E., CFM, Engineering and Construction Director
Reviewed By: Finance Department
City Attorney
Assistant City Manager - Operations
Approved By: Michael L. Spurgeon, City Manager
Attachments: Resolution 1024
Offer Letter
Recommendation:
Approve Resolution No. 1024 and authorize its execution