Sale of town real estate to internet provider vs. private resident?
Counselors:
My town owns a small piece of real estate inside town limits. It would usually have minimum value.
However, an internet provider wants to make the location the hub of their service. That would make highspeed internet available to the whole town. We currently do not have that service. Of course the town wants to sell to the internet provider. The sale price is not an issue.
Now a private resident who owns adjacent property also wants to buy the subject real estate.
Does anyone have experience dealing with this variation on selling town property? I greatly appreciate your advice.
Stay warm out there!
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Lloyd Brent Palmer, Esq.
Private Counsel & Attorney at Law
PALMER LAW
101 E. 13th St. Ada, OK 74820
(405) 496-1154 palmer@callpalmer.commailto:palmer@callpalmer.com
This email may be privileged attorney-client communication and/or litigation work product. It is intended solely for the addressee(s). Please reply to sender if you receive this message in error. Such error does not waive the applicable privilege(s). Pacta sunt servanda. φφκα
Instead of selling it, why can't you enter into a long-term Lease? That way if it ever ceases to be used for the internet provider you can terminate it and do something else with the property, like declare it surplus and receive competitive bids.
Beth Anne Childs
The Childs Law Firm, PLLC
1015 South Detroit Avenue
Tulsa, Oklahoma. 74120
(918) 521-3092
From: Lloyd Brent Palmer, Esq. via Oama oama@lists.imla.org
Sent: Tuesday, February 18, 2025 2:34 PM
To: OAMA@lists.imla.org oama@lists.imla.org
Subject: [Oama] Sale of town real estate to internet provider vs. private resident?
Counselors:
My town owns a small piece of real estate inside town limits. It would usually have minimum value.
However, an internet provider wants to make the location the hub of their service. That would make highspeed internet available to the whole town. We currently do not have that service. Of course the town wants to sell to the internet provider. The sale price is not an issue.
Now a private resident who owns adjacent property also wants to buy the subject real estate.
Does anyone have experience dealing with this variation on selling town property? I greatly appreciate your advice.
Stay warm out there!
[cid:image001.png@01DB8212.3EF8DA40]
Lloyd Brent Palmer, Esq.
Private Counsel & Attorney at Law
PALMER LAW
101 E. 13th St. Ada, OK 74820
(405) 496-1154 palmer@callpalmer.commailto:palmer@callpalmer.com
This email may be privileged attorney-client communication and/or litigation work product. It is intended solely for the addressee(s). Please reply to sender if you receive this message in error. Such error does not waive the applicable privilege(s). Pacta sunt servanda. φφκα
Sounds like a great opportunity for an economic development project. I’m not in the office today, but I have some information I can share when I return to the office.
Jon Miller
Get Outlook for iOShttps://aka.ms/o0ukef
From: Lloyd Brent Palmer, Esq. via Oama oama@lists.imla.org
Sent: Tuesday, February 18, 2025 2:34:44 PM
To: OAMA@lists.imla.org oama@lists.imla.org
Subject: [Oama] Sale of town real estate to internet provider vs. private resident?
Counselors: My town owns a small piece of real estate inside town limits. It would usually have minimum value. However, an internet provider wants to make the location the hub of their service. That w
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Counselors:
My town owns a small piece of real estate inside town limits. It would usually have minimum value.
However, an internet provider wants to make the location the hub of their service. That would make highspeed internet available to the whole town. We currently do not have that service. Of course the town wants to sell to the internet provider. The sale price is not an issue.
Now a private resident who owns adjacent property also wants to buy the subject real estate.
Does anyone have experience dealing with this variation on selling town property? I greatly appreciate your advice.
Stay warm out there!
[cid:image001.png@01DB8212.3EF8DA40]
Lloyd Brent Palmer, Esq.
Private Counsel & Attorney at Law
PALMER LAW
101 E. 13th St. Ada, OK 74820
(405) 496-1154 palmer@callpalmer.commailto:palmer@callpalmer.com
This email may be privileged attorney-client communication and/or litigation work product. It is intended solely for the addressee(s). Please reply to sender if you receive this message in error. Such error does not waive the applicable privilege(s). Pacta sunt servanda. φφκα
