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Owasso council approves purchase of 0.32-acre lot for public parking in Redbud District
Summary
The Owasso City Council approved buying a 0.32-acre parcel in the Owasso Redbud District to create public parking intended to relieve pressure on nearby businesses. The purchase price, funding source and basic operations were described by staff.
The Owasso City Council on a unanimous voice vote approved the purchase of approximately 0.32 acres in the Owasso Redbud District for use as public parking.
City staff told the council the property, northeast of South Atlanta and West First Avenue at 113 West First Street, would be acquired from Owasso First Avenue Holdings LLC at $13.50 per square foot for a total the presenter cited as $108,985.69, with funding available through Tax Increment District No. 1 (Owasso Redbud District). JJ Dawson, a city staff…
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