Questions Delay Sale Of Land Near Capital
Tuesday, October 23rd 2007, 8:28 am
News On 6
OKLAHOMA CITY (AP) -- A legal battle may be brewing over the sale of a parcel of land near the state Capital in Oklahoma City.
The Oklahoma Employees Credit Union has bid $860,000 for the land. The bid is four times higher than the appraised value. But the Oklahoma Independent Petroleum Association says all bids should be thrown out and the process started over. OIPA attorney Mike Turpen says the credit union doesn't fit the definition in an advertisement asking for bids.
The advertisement says the property can be used only for "governmental or professional association" office buildings.
Turpen says the credit union isn't a professional association and the petroleum group would consider a lawsuit challenging the credit union's ability to buy the land.
The credit union is planning an office building on the land while the OIPA wants the land to build a headquarters.