Empathy List Archives

KD

Kevin Dodson

Fri, Feb 28, 2020 8:49 PM

Is there a certain procedure that needs to be followed when a town
purchases real property? The property would include a building and the
town would be paying money for the property.

--
Kevin Dodson
Attorney at Law
308 A Northeast First Street
Pryor, OK 74361
918-824-3600 <(918)%20824-3600>
Fax: 918-824-3601 <(918)%20824-3601>
E-Mail: kevinatdodsonlawoffice@gmail.com

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Is there a certain procedure that needs to be followed when a town purchases real property? The property would include a building and the town would be paying money for the property. -- Kevin Dodson Attorney at Law 308 A Northeast First Street Pryor, OK 74361 918-824-3600 <(918)%20824-3600> Fax: 918-824-3601 <(918)%20824-3601> E-Mail: kevinatdodsonlawoffice@gmail.com Notice: CONFIDENTIAL AND PRIVILEGED COMMUNICATION: This e-mail transmission, and any documents, files or previous e-mail messages attached to it, may contain confidential information that is legally privileged. If you are not the intended recipient, or person responsible for delivering it to the intended recipient you are hereby notified that any disclosure, copying, distribution or use of any of the information contained in or attached to this message is STRICTLY PROHIBITED. Interception of e-mail is a crime under the Electronic Communications Privacy Act, 18 U.S.C. 2510-2521 and 2107-2709. If you have received this transmission in error, please immediately notify us by replying to this e-mail or by calling 918-824-3600 <(918)%20824-3600>, and destroy the original transmission and its attachments without reading them or saving them to disk. Thank you.

RT

Robert Thompson

Fri, Feb 28, 2020 9:25 PM

If installment pay, must be in rem mortgage only

Robert C. Thompson
Cheek & Falcone, PLLC
6301 Waterford Blvd., Suite 320
Oklahoma City, Okla. 73118
direct telephone:405-286-9560
direct fax: 405-286-9680
Firm telephone: 405-286-9191
rthompson@cheekfalcone.com

From: Oama oama-bounces@lists.imla.org on behalf of Kevin Dodson kevinatdodsonlawoffice@gmail.com
Sent: Friday, February 28, 2020 2:49:15 PM
To: oama@lists.imla.org oama@lists.imla.org
Subject: [Oama] Muncipality - Town Board of Trustees

Is there a certain procedure that needs to be followed when a town purchases real property? The property would include a building and the town would be paying money for the property.

--
Kevin Dodson
Attorney at Law
308 A Northeast First Street
Pryor, OK 74361
918-824-3600tel:(918)%20824-3600
Fax: 918-824-3601tel:(918)%20824-3601
E-Mail: kevinatdodsonlawoffice@gmail.com mailto:kevinatdodsonlawoffice@gmail.com

Notice: CONFIDENTIAL AND PRIVILEGED COMMUNICATION: This e-mail transmission, and any documents, files or previous e-mail messages attached to it, may contain confidential information that is legally privileged. If you are not the intended recipient, or person responsible for delivering it to the intended recipient you are hereby notified that any disclosure, copying, distribution or use of any of the information contained in or attached to this message is STRICTLY PROHIBITED. Interception of e-mail is a crime under the Electronic Communications Privacy Act, 18 U.S.C. 2510-2521 and 2107-2709. If you have received this transmission in error, please immediately notify us by replying to this e-mail or by calling 918-824-3600tel:(918)%20824-3600, and destroy the original transmission and its attachments without reading them or saving them to disk. Thank you.

If installment pay, must be in rem mortgage only Robert C. Thompson Cheek & Falcone, PLLC 6301 Waterford Blvd., Suite 320 Oklahoma City, Okla. 73118 direct telephone:405-286-9560 direct fax: 405-286-9680 Firm telephone: 405-286-9191 rthompson@cheekfalcone.com ________________________________ From: Oama <oama-bounces@lists.imla.org> on behalf of Kevin Dodson <kevinatdodsonlawoffice@gmail.com> Sent: Friday, February 28, 2020 2:49:15 PM To: oama@lists.imla.org <oama@lists.imla.org> Subject: [Oama] Muncipality - Town Board of Trustees Is there a certain procedure that needs to be followed when a town purchases real property? The property would include a building and the town would be paying money for the property. -- Kevin Dodson Attorney at Law 308 A Northeast First Street Pryor, OK 74361 918-824-3600<tel:(918)%20824-3600> Fax: 918-824-3601<tel:(918)%20824-3601> E-Mail: kevinatdodsonlawoffice@gmail.com<mailto:kevinatdodsonlawoffice@gmail.com> Notice: CONFIDENTIAL AND PRIVILEGED COMMUNICATION: This e-mail transmission, and any documents, files or previous e-mail messages attached to it, may contain confidential information that is legally privileged. If you are not the intended recipient, or person responsible for delivering it to the intended recipient you are hereby notified that any disclosure, copying, distribution or use of any of the information contained in or attached to this message is STRICTLY PROHIBITED. Interception of e-mail is a crime under the Electronic Communications Privacy Act, 18 U.S.C. 2510-2521 and 2107-2709. If you have received this transmission in error, please immediately notify us by replying to this e-mail or by calling 918-824-3600<tel:(918)%20824-3600>, and destroy the original transmission and its attachments without reading them or saving them to disk. Thank you.

KS

Kimberlee Spady

Fri, Feb 28, 2020 10:03 PM

The governing body must vote to accept the conveyance and the acceptance
should be noted on the deed.

Kim Spady

The governing body must vote to accept the conveyance and the acceptance should be noted on the deed. Kim Spady

ET

Ewing, Tammy

Mon, Mar 2, 2020 8:56 PM

The town is exempt from 1) doc stamp fees and 2) real estate taxes which will accrue starting the first of the month after the deed transferring the property to the town is recorded. The rules re: calculation of real estate taxes to be collected at closing are tricky. See 68 O.S. 2940. If you are using a title company, you will want a closer who knows how to deal with governmental entity purchasers. I have a memo on the procedures for obtaining the correct amounts from Tulsa and Wagoner counties if you want to see it.

Other than that, the transaction is pretty similar to a real estate purchase not involving a governmental entity. We have worked out a form contract which applies to most of our RE purchases. If you want a copy, let me know.

Of course, your council will need to give the proper person the authority to execute the contract, closing documents, etc.

From: Oama oama-bounces@lists.imla.org On Behalf Of Kevin Dodson
Sent: Friday, February 28, 2020 2:49 PM
To: oama@lists.imla.org
Subject: [Oama] Muncipality - Town Board of Trustees

CAUTION! This email originated from outside of the City of Broken Arrow network. Do not click links or open attachments unless you recognize the sender and know the content is safe. code rgiad

Is there a certain procedure that needs to be followed when a town purchases real property? The property would include a building and the town would be paying money for the property.

--
Kevin Dodson
Attorney at Law
308 A Northeast First Street
Pryor, OK 74361
918-824-3600tel:(918)%20824-3600
Fax: 918-824-3601tel:(918)%20824-3601
E-Mail: kevinatdodsonlawoffice@gmail.com mailto:kevinatdodsonlawoffice@gmail.com

Notice: CONFIDENTIAL AND PRIVILEGED COMMUNICATION: This e-mail transmission, and any documents, files or previous e-mail messages attached to it, may contain confidential information that is legally privileged. If you are not the intended recipient, or person responsible for delivering it to the intended recipient you are hereby notified that any disclosure, copying, distribution or use of any of the information contained in or attached to this message is STRICTLY PROHIBITED. Interception of e-mail is a crime under the Electronic Communications Privacy Act, 18 U.S.C. 2510-2521 and 2107-2709. If you have received this transmission in error, please immediately notify us by replying to this e-mail or by calling 918-824-3600tel:(918)%20824-3600, and destroy the original transmission and its attachments without reading them or saving them to disk. Thank you.

The town is exempt from 1) doc stamp fees and 2) real estate taxes which will accrue starting the first of the month after the deed transferring the property to the town is recorded. The rules re: calculation of real estate taxes to be collected at closing are tricky. See 68 O.S. 2940. If you are using a title company, you will want a closer who knows how to deal with governmental entity purchasers. I have a memo on the procedures for obtaining the correct amounts from Tulsa and Wagoner counties if you want to see it. Other than that, the transaction is pretty similar to a real estate purchase not involving a governmental entity. We have worked out a form contract which applies to most of our RE purchases. If you want a copy, let me know. Of course, your council will need to give the proper person the authority to execute the contract, closing documents, etc. From: Oama <oama-bounces@lists.imla.org> On Behalf Of Kevin Dodson Sent: Friday, February 28, 2020 2:49 PM To: oama@lists.imla.org Subject: [Oama] Muncipality - Town Board of Trustees CAUTION! This email originated from outside of the City of Broken Arrow network. Do not click links or open attachments unless you recognize the sender and know the content is safe. code rgiad Is there a certain procedure that needs to be followed when a town purchases real property? The property would include a building and the town would be paying money for the property. -- Kevin Dodson Attorney at Law 308 A Northeast First Street Pryor, OK 74361 918-824-3600<tel:(918)%20824-3600> Fax: 918-824-3601<tel:(918)%20824-3601> E-Mail: kevinatdodsonlawoffice@gmail.com<mailto:kevinatdodsonlawoffice@gmail.com> Notice: CONFIDENTIAL AND PRIVILEGED COMMUNICATION: This e-mail transmission, and any documents, files or previous e-mail messages attached to it, may contain confidential information that is legally privileged. If you are not the intended recipient, or person responsible for delivering it to the intended recipient you are hereby notified that any disclosure, copying, distribution or use of any of the information contained in or attached to this message is STRICTLY PROHIBITED. Interception of e-mail is a crime under the Electronic Communications Privacy Act, 18 U.S.C. 2510-2521 and 2107-2709. If you have received this transmission in error, please immediately notify us by replying to this e-mail or by calling 918-824-3600<tel:(918)%20824-3600>, and destroy the original transmission and its attachments without reading them or saving them to disk. Thank you.