Broken Arrow City Council
Meeting of: 05-07-2024
Title:
title
Approval of and authorization to execute Resolution No. 1573, a resolution authorizing acceptance of a General Warranty Deed for Parcel 12.0, which consists of 0.27 acres of Permanent Right-of-Way for the Aspen/Tucson Improvements, located at the Southeast corner of Aspen Avenue and Tucson Street, Broken Arrow, Oklahoma in the Northwest Quarter of Section 3, Township 17 North, Range 14 East, Tulsa County, State of Oklahoma, from the Vrooman Living Trust and Frances M Day Trust for the Aspen/Tucson Improvements, Parcel 12.0. (Project No. ST2031)
End
Background:
The attached General Warranty Deed is being conveyed to the City of Broken Arrow, a municipal corporation, from Vrooman Living Trust and Frances M Day Trust, the owners. Parcel 12.0 consists of 0.27 acres of permanent Right-of-Way generally located at the Southeast corner of Aspen Avenue and Tucson Street, Broken Arrow, Oklahoma in the Northwest Quarter of Section 3, Township 17 North, Range 14 East, Tulsa County, State of Oklahoma. Vrooman Living Trust and Frances M Day Trust has accepted the following offer, made subject to City Council approval:
Permanent Right of Way: 11,546.70 SQUARE FEET (SF) @ $3.25 SF = $37,527.00
Settlement Costs: $12,473.00
Total Just Compensation Amount (Rounded) = $50,000.00
A copy of the signed acceptance of the City’s offer is attached, as is the General Warranty Deed. Payment of the compensation amount is on the May 7, 2024 City Council Claims List.
Cost: $50,000.00
Funding Source: 2018 GO Bond
Requested By: Charlie Bright, P.E., Director of Engineering & Construction
Approved By: City Manager’s Office
Attachments: Resolution No. 1573, General Warranty Deed, Temporary Construction Easement, Acceptance Letter, Conditions for Payment, Affidavit, Affidavit for Title or Ownership of Land - Exempt Business or Trust
Recommendation:
recommend
Approve and authorize execution of Resolution No. 1573
end