{"data":{"id":"us-ok/okla.-stat.-tit.-74-74-6201","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 74, § 74-6201","heading":"Lease agreement with Greater Sand Springs Trust","body":"Authority.\n\nA. The Office of Management and Enterprise Services shall enter\n\ninto a lease agreement with the Greater Sand Springs Trust Authority\n\nfor a term of ninety-nine (99) years with respect to the real\n\nproperty and improvements constituting the former Hissom Memorial\n\nTreatment Center, as more particularly described by subsection C of\n\nthis section.\n\nB. The lease agreement described in subsection A of this\n\nsection:\n\n1. Shall allow the Greater Sand Springs Trust Authority to\n\nenter into agreements regarding the property described in subsection\n\nC of this section with third parties without the express consent of\n\nthe Office of Management and Enterprise Services, including the\n\nright of the Authority to sublease all or any part of the real\n\nproperty described in subsection C of this section;\n\n2. Shall provide for the unrestricted access, use and\n\ndevelopment of the real property described in subsection C of this\n\nsection by the Greater Sand Springs Trust Authority in order for the\n\nAuthority to fulfill its purposes according to the terms of its\n\ntrust indenture, including, but not limited to, the right of the\n\nAuthority to construct capital improvements on, above or under the\n\nproperty to fulfill the purposes stated in the indenture of the\n\nAuthority. The lease shall provide that the Authority owns and\n\nmaintains capital improvements constructed upon the real property\n\nwith the funds of the Authority;\n\n3. Shall provide for the conveyance by the Office of Management\n\nand Enterprise Services to the Greater Sand Springs Trust Authority,\n\nby quit claim deed or by such other instrument of conveyance as the\n\nOffice of Management and Enterprise Services and the Authority may\n\nmutually agree, for not more than a payment by the Authority to the\n\nDepartment of a nominal consideration not to exceed Ten Dollars\n\n($10.00), of any parcel of real property described by the Authority\n\nand certified, by a majority of the trustees of the Authority, to be\n\nnecessary for a complete development of the property described in\n\nsubsection C of this section and necessary for the Authority to\n\nfulfill any purpose specified in its trust indenture. A rebuttable\n\npresumption shall exist that any conveyance made pursuant to the\n\nprovisions of this paragraph shall be considered to have been made\n\nfor the general economic benefit of the residents of the beneficiary\n\nof the Greater Sand Springs Trust Authority and that the disposition\n\nof the parcel by the Authority is in furtherance of an essential\n\ngovernmental function by making a productive use of the parcel.\n\nAfter conveyance of a parcel of real property to the Authority\n\npursuant to this paragraph, the Authority shall have the exclusive\n\nright to exercise all powers, rights and privileges with respect to\n\nthe parcel as authorized by law to the owner of any real property,\n\nincluding, but not limited to, the right to sell the parcel as\n\nprovided by paragraph 4 of this subsection;\n\n4. Shall provide for the conveyance by the Authority to another\n\nlegal entity, by quit claim deed or by such other instrument of\n\nconveyance as the Authority and the other legal entity may mutually\n\nagree, of any parcel of real property described by the Authority the\n\nproposed conveyance of which to be certified, by a majority of the\n\ntrustees of the Authority, as necessary for a complete development\n\nof the property described in subsection C of this section and\n\nnecessary for the Authority to fulfill any purpose specified in its\n\ntrust indenture. A rebuttable presumption shall exist that any\n\nconveyance made pursuant to the provisions of this paragraph shall\n\nbe considered to have been made for the general economic benefit of\n\nthe residents of the beneficiary of the Greater Sand Springs Trust\n\nAuthority and that the disposition of the parcel by the Authority is\n\nin furtherance of an essential governmental function by making a\nst indenture. A rebuttable presumption shall exist that any\n\nconveyance made pursuant to the provisions of this paragraph shall\n\nbe considered to have been made for the general economic benefit of\n\nthe residents of the beneficiary of the Greater Sand Springs Trust\n\nAuthority and that the disposition of the parcel by the Authority is\n\nin furtherance of an essential governmental function by making a\n\nproductive use of the parcel. If the Authority sells any part or\n\nall of the real property or improvements described in subsection C\n\nof this section subsequent to the conveyance to the Authority by the\n\nOffice of Management and Enterprise Services, the Authority shall\n\ndetermine the value of the real property sold separate and apart\n\nfrom the value of the improvements, if any. The Authority shall\n\ndetermine its direct and indirect costs for acquisition,\n\nmaintenance, improvement, marketing and sale of any parcel of real\n\nproperty conveyed to a legal entity pursuant to this paragraph. The\n\nAuthority shall pay to the Office of Management and Enterprise\n\nServices the amount of consideration received by the Authority from\n\nthe sale of the real property in excess of the direct and indirect\n\ncosts incurred by the Authority. The Office of Management and\n\nEnterprise Services shall budget all funds received from the sale of\n\nany parcel pursuant to this section. These funds shall be expended\n\nby the Office of Management and Enterprise Services for the sole\n\npurpose of additional maintenance or improvements for the remainder\n\nof the real property or for improvements at the property described\n\nin this section. Upon sale of the final parcel or real property and\n\nimprovements pursuant to this section, the Office of Management and\n\nEnterprise Services shall remit the amount received and all\n\nremaining funds from previous sales for deposit to the credit of the\n\nHissom Memorial Treatment Center Surplus Fund for appropriation\n\npursuant to law;\n\n5. Shall provide that the Office of Management and Enterprise\n\nServices shall maintain the real property and the improvements\n\nlocated on the real property described in subsection C of this\n\nsection in a manner conducive to the preservation of existing\n\neconomic value of the real property and improvements, subject to the\n\nordinary depreciation of the improvements, until such time as the\n\nAuthority acquires ownership of a parcel whereupon the Authority and\n\nthe Office of Management and Enterprise Services, by mutual written\n\nagreement, shall amend the lease to provide for proportionately\n\ndiminished maintenance expenses to be incurred by the Office of\n\nManagement and Enterprise Services or some other legal entity;\n\n6. Shall not require the payment of rent by the Greater Sand\n\nSprings Trust Authority in excess of One Dollar ($1.00) per year;\n\n7. Shall not require a purchase price for any option granted to\n\nthe Greater Sand Springs Trust Authority to acquire any parcel of\n\nthe property described by subsection C of this section in excess of\n\nTen Dollars ($10.00);\n\n8. Shall not require the Office of Management and Enterprise\n\nServices to consent to a sublease of the property described by\n\nsubsection C of this section by the Authority to any other legal\n\nentity; and\n\n9. Shall not impose the expense of maintenance or repair of the\n\nreal property or improvements located on the property described by\n\nsubsection C of this section upon the Greater Sand Springs Trust\n\nAuthority, except as otherwise provided by paragraph 5 of this\n\nsubsection.\n\nC. The real property and improvements which shall be leased by\n\nthe Office of Management and Enterprise Services to the Greater Sand\n\nSprings Trust Authority as required by subsection A of this section\n\nare described as follows:\n\n1. Governmental lots 5, 7, and 8 in Section 9; and\n\n2. The part of Governmental Lots 6 and 7 lying north of the\n\ncenterline of the Burlington Northern Santa Fe Railroad right-of-\neal property and improvements which shall be leased by\n\nthe Office of Management and Enterprise Services to the Greater Sand\n\nSprings Trust Authority as required by subsection A of this section\n\nare described as follows:\n\n1. Governmental lots 5, 7, and 8 in Section 9; and\n\n2. The part of Governmental Lots 6 and 7 lying north of the\n\ncenterline of the Burlington Northern Santa Fe Railroad right-of-\n\nway, formerly the S.L. \u0026 S.F. Railroad right-of-way, in Section 15;\n\nand\n\n3. Lots 1 and 2, and that part of Governmental Lot 3 lying\n\nnorth of the centerline of said railroad right-of-way and those\n\nparts of each of the following tracts lying north of the centerline\n\nof said railroad right-of-way:\n\na. the Southwest Quarter (SW/4) of the Northeast Quarter\n\n(NE/4);\n\nb. the Northwest Quarter (NW/4); and\n\nc. the Northeast Quarter (NE/4) of the Southeast Quarter\n\n(SE/4) in Section 16;\n\n4. All in Township 19 North, Range 11 East of the Indian\n\nMeridian, Tulsa County, Oklahoma; and\n\n5. Together with all the appurtenances thereto belonging to\n\nsuch property.\n\nD. The Authority shall have the right to access, ingress,\n\negress, use and enjoyment of the roads existing on the property\n\ndescribed by subsection C of this section as of July 1, 1997.\n\nE. With respect to the real property and improvements described\n\nin subsection C of this section and the lease agreement required by\n\nsubsection A of this section, or any transfer of the property to the\n\nAuthority, the Office of Management and Enterprise Services shall\n\nnot be subject to the requirements of:\n\n1. Section 387 of Title 60 of the Oklahoma Statutes;\n\n2. Section 1056 of Title 64 of the Oklahoma Statutes;\n\n3. Section 126.2 of this title;\n\n4. Section 129.4 of this title; or\n\n5. Section 456.7 of this title.\n\nF. With respect to the lease or sale of any part or all of the\n\nreal property or improvements described in subsection C of this\n\nsection, the Greater Sand Springs Trust Authority shall not be\n\nsubject to the requirements of:\n\n1. Section 387 of Title 60 of the Oklahoma Statutes;\n\n2. Section 241 of Title 64 of the Oklahoma Statutes;\n\n3. Section 129.4 of this title; or\n\n4. Section 456.7 of this title.","path":["OK Code","Title 74"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os74.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"81da687daa730aa7ee501964e8919192aee147c55b683a4d3324723476478ee9","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-74-74-62.9","next":"us-ok/okla.-stat.-tit.-74-74-6202"},"notice":"GroundRules: Original legal text. Not legal advice."}