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<br /> <br /> STAFF REPORT <br /> <br /> <br /> <br />TO: Mayor Keis and Members of City Council <br /> <br />FROM: Joel Hanson, City Administrator <br /> <br />DATE: April 4, 2018 <br /> <br />RE: Economic Development Authority Approval of the Purchase Agreement for the <br />Sale of the City-owned properties at 53 & 167 South Owasso Boulevard <br /> <br /> <br />The City Council held a special meeting on April 3, 2018 to review and approve the purchase <br />agreement for the properties at 53 & 167 South Owasso Boulevard. The Economic Development <br />Authority must also approve the purchase agreement, so the Council will need to temporarily <br />adjourn and reconvene as the Economic Development Authority to approve the purchase <br />agreement. A copy of the purchase agreement (updated 4-4-2018) is attached. <br /> <br />Staff recommends the EDA approve the purchase agreement subject to final review and <br />comments by the City Attorney. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />