HomeMy WebLinkAbout2020 16_Accept Offer on Property_106th St N and MingoCITY OF OWASSO, OKLAHOMA
RESOLUTION 2020 -16
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF OWASSO, OKLAHOMA,
ACCEPTING AN OFFER TO PURCHASE PROPERTY AT THE NORTHEAST CORNER
OF EAST 106TH STREET NORTH AND NORTH MINGO ROAD
WHEREAS, the City of Owasso owns approximately 1.2 acres, more or less, of land
located at the northeast corner of East 1061h Street North and North Mingo Road, as
recorded in a Deed filed under Doc #2006016583 in the Tulsa County Clerk's Office; and,
WHEREAS, the Property is currently vacant and unused by the City and the City
Council finds that the sale of the property is in the best interest of the citizens of Owasso;
and,
WHEREAS, the Owasso City Council previously authorized the property to be sold
in Resolution 2019 -08 and Resolution 2020 -07; and,
WHEREAS, the property has appraised for $95,000.00 and the submitted offer from
Terry Josserand proposes to pay $75,000.00 for the property.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF OWASSO,
OKLAHOMA, THAT:
The Owasso City Council accepts the offer of $75,000.00 from Terry Josserand to purchase
the above - referenced property, and hereby authorizes the City Manager to execute a
sales contract.
ATTEST:
J
I
n M. Stevens,
APPROVED this 181h day of August, 2020, by the
City Council of the City of Owasso, Oklahoma
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APPROVED AS TO FORM:
J�6 Lombardi, City Attorney
Resolution 2020 -16
Page 1 of 1
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TO: The Honorable Mayor and City Council
FROM: Juliann M. Stevens
City Clerk
SUBJECT: Resolution 2020 -16, Sale of City Property
DATE: August 14, 2020
BACKGROUND:
APPROVED BY COUNCIL
AUG 18 Zucu
On March 5, 2019, the City Council approved Resolution 2019 -08, authorizing staff to conduct a
public competitive sealed bid process for the sale of surplus real property, "as is, where is, and
with all faults," containing approximately 1.2 acres located at the northeast corner of East 106th
Street North and North Mingo Road. Pursuant to such authorization, the City Clerk published a
Notice of Sale for the property and an invitation to bid in the Owasso Reporter. A minimum bid
price was set at the appraisal price of $95,000.00. No bids were received for the property.
On March 3, 2020, the City Council approved Resolution 2020 -07, authorizing the City Manager,
or his designee(s) to conduct an open- market process for the sale of the tract with
negotiation, as may be appropriate.
On July 6, 2020, a purchase offer was submitted in the amount of $75,000.00 from Terry
Josserand. A counteroffer in the amount of $85,000.00 was declined by Mr. Josserand.
Following discussion at the August work session, a resolution has been drafted for City Council
consideration and action to accept Mr. Josserand's offer to purchase the said tract, in the
amount of $75,000.00.
RECOMMENDATION:
Staff recommends approval of Resolution 2020 -16.
ATTACHMENTS:
Resolution 2020 -16
Purchase Offer