Broken Arrow Economic Development Authority
Meeting of: 08-7-2018
Title:
title
Approval of and authorization to execute Resolution No. 1114, a Resolution of the Broken Arrow Economic Development Authority, an Oklahoma Public Trust of which the City of Broken Arrow is the sole beneficiary (the "Authority") accepting a General Warranty Deed from the City of Broken Arrow conveying all right, title, and interest in the approximate 5.2225 acres of City owned property identified as tracts 1A, 1B and 2B of Lot 2 combined of Lot 2, Block 1, Tiger Hill Plaza, a platted subdivision within the City of Broken Arrow, Tulsa County, State of Oklahoma, and generally located on the southwest corner of Lynn Lane (9th Street) and Kenosha Street (71st Street); repealing Resolution No. 865, a resolution of the Broken Arrow Economic Development Authority accepting a deed from the City of Broken Arrow conveying all right, title and interest in 6.84 acres of land located at the southwest corner of Lynn Lane (9th street) and Kenosha Street (71st Street); approving and authorizing execution of a certain Agreement for the purchase and sale of real property by and among the Broken Arrow Economic Development Authority and Tiger Hill Plaza, LLC designating representatives of the Broken Arrow Economic Development Authority for purposes of granting certain approvals and executing certain instruments as required under and in connection with said Purchase Agreement; and containing other provisions relating thereto
End
Background:
On July 10, 1992, long-time Broken Arrow residents Scott L. and Anne Graham (the "Grahams") provided to the City an L-shaped tract of land located at the southwest corner of Lynn Lane (9th Street) and East Kenosha Street (71st Street), in an area which is part of an approximate 37-acre area commonly referred to as Tiger Hill ("Tiger Hill"). This tract was donated to the City of Broken Arrow without cost or restriction pursuant to a General Warranty Deed recorded in Tu...
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