Broken Arrow Municipal Authority
Meeting of: 09-03-2024
Title:
title
Acceptance of a Mutual Access Easement from 918 Home Investments, LLC, located at 2116 North 28th Street, Lot 21, Block 1, Bentree, Broken Arrow, Oklahoma, 74014, located in the Northwest Quarter of Section 6, Township 18 North, Range 15 East, Wagoner County, State of Oklahoma; This easement is for the Bentree Lift Station Access Road Project No. S.24010
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Background:
The attached Mutual Access Easement is being conveyed to the City of Broken Arrow from 918 Home Investments, LLC, an Oklahoma limited liability company. The parcel 0.0181 acres of Mutual Access Easement located at 2116 North 28th Street, Lot 21, Block 1, Bentree, Broken Arrow, Oklahoma, 74014, located in the Northwest Quarter of Section 6, Township 18 North, Range 15 East, Wagoner County, State of Oklahoma. 918 Home Investments, LLC, has accepted the following offer, made subject to Broken Arrow Municipal Authority approval:
Permanent Mutual Access: 787 SQUARE FEET (SF) @ $4.22 SF = $3, 321.00
Property Damages: $15,000.00
Total Just Compensation Amount (Rounded) = $18,500.00
A copy of the signed acceptance of the City’s offer is attached.
A copy of the signed mutual access easement and conditions for payment are attached.
Cost: $18,500.00
Funding Source: OWRB Loan
Requested By: Charlie Bright, P.E., Director of Engineering & Construction
Approved By: City Manager’s Office
Attachments: Mutual Access Easement
Acceptance Letter
Conditions for Payment
Recommendation:
recommend
Accept the Mutual Access Easement
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