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Owasso staff propose $188,986 TIF‑funded purchase of 0.32‑acre lot for public parking in Red Bud District
Summary
Staff negotiated purchase of a 0.32‑acre parcel at 113 West First Street from Owasso First Avenue Holdings LLC for $188,985.69 (about $13.50/sq ft) to create an estimated 36 public parking spaces; purchase would be funded from the Red Bud District TIF and the item is slated for next week's council meeting.
JJ Dossett, identified in the agenda header, told the council the city has negotiated to buy a 0.32-acre lot at 113 West First Street in the Red Bud District from Owasso First Avenue Holdings, LLC for $13.50 per square foot, for a total of $188,985.69, to create public parking.
Dossett said the property is at the northeast corner of Atlanta and First Avenue and previously housed an auto business. He said two partners have renovated the building into…
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