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CONTRACT K-2021-15: A CONTRACT BY AND BETWEEN THE NORMAN UTILITIES AUTHORITY, NORMAN MUNICIPAL AUTHORITY, CITY OF NORMAN, AND HIDALGO TRADING, L.L.C., IN THE AMOUNT OF $388,500 FOR THE PURCHASE OF REAL PROPERTY LOCATED AT 333 BRATCHER-MINER ROAD PLUS CLOSING COSTS TO BE DETERMINED PRIOR TO CLOSING FOR THE WATER RECLAMATION FACILITY AND SANITATION FACILITIES AND GRANT OF EASEMENT E-2021-1 TO HIDALGO TRADING, L.L.C.
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BACKGROUND: The City/Norman Utilities Authority (NUA) currently owns the majority of the area along Bratcher-Miner Road, generally south of Highway 9 between Chautauqua Avenue and Jenkins Avenue for various City operations and functions. For the Utilities Department, operations and facilities in this area include:
- Water Reclamation Facility (WRF) - West of Jenkins and North of Bratcher-Miner Road;
- Transfer Station - East of Chautauqua and North of Bratcher-Miner Road; and
- Compost Facility - South of Bratcher-Miner Road between Chautauqua Avenue and Jenkins Avenue.
Future facilities within this general area will be the Household Hazardous Waste Facility located on the Transfer Station Site and also future advanced treatment processes at the WRF as required to implement water reuse.
DISCUSSION: The property owned by Hidalgo Trading, LLC, located at 333 Bratcher-Miner Road, is approximately 20.62 acres of land located adjacent to several Utilities Department facilities. With planned future facilities and the potential need for the existing facilities to expand to meet future growth, this property is ideally situated.
The property was advertised for sale in late 2019 and City/NUA staff approached the owner regarding the potential purchase of the property. The City/NUA hired Artman Appraisal Company to complete an appraisal report to determine the fair market value for the property. The appraisal report was completed and issued on March 5, 2020. The valuation of the 20.62 acres was determined to be $404,000.
During negotiati...
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