Broken Arrow City Council
Meeting of: 06-02-2025
Title:
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Approval of and authorization to execute the sale of the bid 25.14 for the property located at 401 E. Kenosha to CRS Sanders
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Background:
The property located at 401 E. Kenosha was acquired by the City of Broken Arrow in 1996 through uncontested condemnation as part of the Kenosha Street widening project. The property was purchased from Allen C. Anderson for $114,000, with funding provided by the Property Tax and Judgment Fund. Since the completion of the road project, the approximately 6,500 square foot (0.15 acre) parcel has remained inactive within the City's property inventory.
On December 3, 2024, the City Council approved the disposition of the property. Accordingly, Bid No. 25.142 for the sale of the parcel was publicly advertised on February 28, 2025. In addition to the public notice, all adjacent property owners were notified by both email and certified mail. The bid package included a current good faith appraisal valuing the property at $120,000, which was conducted by Ace Appraisal Group, a reputable and experienced appraisal firm.
On March 26, 2025, one responsive bid was received from Mike Lester with Samson Commercial, acting on behalf of CRS Sanders Investment, in the amount of $40,000. On May 21, 2025, the governing body approved RFA 25.605, granting an extension for further research and discussion regarding the disposition of this property.
This parcel has remained idle and has provided no economic return to the City since the completion of the original street project.
Staff recommends proceeding with the sale for several reasons. The property is situated within the Downtown Residential Overlay District, which includes the Rose District, a key focus area for revitalization efforts by the City of Broken Arrow. The City has invested considerable resources in the development of this district to support long term economic and social growth. The property is landlocked and surrounded b...
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