Consider approving a “Purchase and Sale Agreement and Settlement Agreement” between School House Slough, Inc. and the Lawton Water Authority in the amount of $2,875,000.00 for the purchase by the Authority on behalf of the City of Lawton of improvements made by School House Slough Inc., as well as: (a) personal property, (b) appurtenances and other rights associated with the improvements or personal property, (c) School House Slough Inc.’s interest in any leases or occupancy agreements with third-party tenants currently within the property, (d) a copy of any existing plans and specifications for the improvements and any surveys, environmental studies, engineering reports and other technical information owned by School House Slough Inc., and (e) all January 1, 2023 electricity meter readings relating to or taken from any location at the property, or the last meter readings in the custody, control, or possession of School House Slough Inc. prior to the termination of School House Slough’s lease that relate to or were taken from any location on the property; said agreement also addressing other issues relating to the transaction, providing a release from School House Slough Inc. of claims it may have against the Lawton Water Authority and the City of Lawton, providing a release by the Lawton Water Authority of claims it may have against School House Slough Inc.; and if the agreement is approved, authorize the execution of the agreement and any other action necessary to effectuate payment to School House Slough Inc.
What this record is
- Held by
- School House Slough 2 records across this site
- Amount
- $2.88M
- Runs until
- Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
- Type
- purchase
professional services contracts in OK that end within a year →
Governments publish the end date in the award. That date is when the
work goes back out to bid, and it is usually stated years ahead.
Read automatically from the title of the official record. The source document below is authoritative.
School House Slough also holds
Approve and ratify the action of the Lawton Water Authority in approving a “Purchase and Sale Agreement and Settlement Agreement” between School House…- Committee
- Lawton Water Authority
- Introduced
- January 12, 2024
- On agenda
- January 17, 2024
Where it was heard
Lawton Water AuthorityWatch what Lawton buys
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