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City staff say payment of about $1.185 million will close appeal and allow city to take title to disputed Avalon property
Summary
City attorneys and treasury staff briefed the committee on a proposed resolution to pay roughly $1,185,000 from the sinking fund to resolve appeal costs in a case with Rockham Properties; staff described the payment as the final installment, after which title to the property would vest with the city and repayment will be levied over three years.
Tulsa finance and legal staff told the Public Works Committee that a resolution authorizing a payment of “$1,185,000 and some change” to Rockham Properties would satisfy appeal-related attorney fees and certain tax reimbursements tied to the Avalon property and close the litigation.
Chad Becker of the Tulsa Treasury said finance staff will issue payment from the city’s sinking fund, then forward paperwork to the county…
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