Title
EXCHANGE OF TITLE TO REAL PROPERTY BY DEEDS BETWEEN THE CITY OF NORMAN AND HIGHWAY 9 LAND COMPANY TO CORRECT A CONVEYANCE OF INACCURATELY IDENTIFIED LAND, AND CONVEY THE CORRECT AND COMPLETE PARK LAND GRANT FOR THE SUMMIT VALLEY PARK SITE.
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BACKGROUND: In 2003, a portion of the land north of State Highway 9, on both sides of 36th Avenue SE was platted for development of Summit Valley Addition. The Board of Park Commissioners accepted the staff recommendation at that time to accept an estimated 7 acres of park land from the developer to satisfy the Park Land Dedication ordinance of the City of Norman. As time passed, the preliminary plat for Summit Valley Addition split into two final plats, one for Summit Valley Addition and one for Bellatona Addition; with both remaining under control of the same developer, however. Each addition maintained their obligation to provide public park land, which was ultimately decided to be a total of 7.254 acres of contiguous land with easy access from both neighborhoods. In 2009, the City received a deed for 0.6484-acre of land from the developer for a first phase of development in Summit Valley to cover its land obligation at that time. The remaining acreage was to come as future phases of the developments were brought to final plat stage. However, since the filing of that first park land deed, the City has met with the developer and agreed to modify the shape of the park land to include a more suitable portion of land including more street frontage and necessitating the adjustment of some lot lines. The overall size of the total park remains above the required size noted earlier. However, in order to account for the change in shape and to clarify the single deed for the entire 7.254 acres of park land now proposed, the City must return the original 0.6484-acre parcel to the developer in exchange for a new deed from the developer for the entire park, and file the conveyances to both parties correctly so as to...
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