In a special meeting today, Enid City Commission will vote on two real estate contracts with Hunt Properties.
Hunt aims to acquire the southeast corner of Cleveland and Garriott, demolish the existing homes and businesses there and then build a retail outlet. Commissioners on Tuesday tabled the same contracts so language could be added to strengthen the city’s position.
The contracts include a deal for Hunt to buy from the city five acres of land that now includes a soon-to-be obsolete fire station and a grassy park area. The purchase price has increased since Tuesday by $50,000 and stands at $550,000.
That deal goes along with a multi-property acquisition being orchestrated by the city of Enid to buy about two dozen homes and businesses in the Lahoma Courts Addition on the southeast corner of the intersection.
The city is buying the properties and will be reimbursed by Hunt.
In their Tuesday meeting, commissioners were uneasy that the contracts did not go far enough to guarantee Hunt would install a high-caliber retailer.
The city hopes to acquire 23 land parcels by June 30, 2015. According to a summary of the contract, Hunt would then pay back the city hall costs plus a 10 percent carry fee. City Attorney Andrea Chism said she warned Hunt it could cost more than $3 million to acquire the land.
Today’s special meeting begins at 3 p.m. from the city administration building, 401 W. Garriott.