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CONTRACT K-1516-65: A CONTRACT BY AND BETWEEN THE CITY OF NORMAN, OKLAHOMA, AND ANITA S. FULTON, KENNETH L. SPERRY, AND JERRY S. SPERRY IN THE AMOUNT OF $60,291.89 PLUS CLOSING COSTS FOR THE PURCHASE OF REAL PROPERTY AT 820 EAST MAIN STREET.
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BACKGROUND: In 2011, the City purchased five properties adjacent and to the south of 820 and 822 E. Main Street that were in the process of being foreclosed. These five properties were in the floodplain and the structures were entirely within the floodway. The properties were purchased using Greenbelt Acquisition Funds. After the purchase, the homes were demolished and sod was installed.
After historic rainfall this past May, the property owners of 820 and 822 E. Main approached the City requesting that the City purchase their property also. Both properties sustained significant flood damage. The structures on both properties are located entirely within the floodway in the Bishop Creek drainage area. Staff presented this issue to the City Council Oversight Committee on June 18, 2015 and received direction to negotiate with the property owners for the purchase of their property. Staff provided an update to City Council during Executive Session on August 18, 2015 and as a result of that discussion, brings forward Contracts K-1516-60 and K-1516-65 for the purchase of 822 E. Main and 820 E. Main.
DISCUSSION: As part of the City's adopted Norman 2025 Plan and Storm Water Master Plan, one of the goals identified was to "protect environmentally sensitive lands that are generally the least suitable for development, especially flood prone areas . . . ." In 2000 City Council began appropriating funds into the Greenbelt Acquisition Fund. Further, in Resolution R-1011-93, the Norman City Council established criteria for prioritizing the use of Greenbelt Acquisition Funds, including the protection, preservation, and restoration of natural flood plains throughout Norman which serve to protect life and propert...
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