ENID, Okla. — With the addition of the gas station at Cleveland and Garriott, the city of Enid has racked up more than $1 million in property buys to help convert the Lahoma Courts Addition into a retail hub.
Enid city commissioners already have approved the purchase of seven parcels of land in the small neighborhood, but none of those cost more than $80,000. Enid’s One Stop, located on the southeast corner of the intersection, will cost approximately $821,940 to acquire. Commissioners unanimously approved purchase of the land Thursday evening.
Hunt Properties has agreed to buy back all the land at cost, plus 10 percent. Hunt intends to convert the small homes and businesses into a 75,000-square-foot, “class-A” retail space.
Enid officials have allocated just more than $2 million to purchase approximately 23 properties in the neighborhood, but City Attorney Andrea Chism has said it could take $3 million to acquire them all.
The city has agreed to sell its Fire Station No. 4, which is adjacent to the Courts Addition, for $550,000. Hunt Properties already has control of about half the homes in the Courts Addition.
During their meeting Thursday, commissioners also increased their budget to $1.3 million to complete the Rolling Oaks stormwater detention project.
The cash will come from the stormwater fund and will pay for dirt removal and relocation of Rolling Oaks Drive further away from the railroad tracks.
The project originally was in this year’s budget at $325,000. However, city staff said the addition of relocation of the roadway and unexpected dirt removal pushed it up to the $1.3 million mark.
City staff said that before this allocation, there was $3.2 million in the stormwater fund, although there are no other pending projects waiting on the money. Future stormwater detention projects will be placed in next year’s budget cycle.