For those who did not attend this meeting, I will try to summarize it as I saw it. We were told at the November 10 meeting that the meetings on the 16th & 17th were the time to have our questions answered. Gary Clark, head of the OSU Foundation, talked for a few minutes and told us we could not ask questions during his general presentation and that we were not there to talk about the Master Plan, as that was done in the Nov. 10 meeting.
Gary said that the OSU Foundation had “limited” funds with which to “acquireâ€ properties with “voluntary” acquisitions. He said we would break into 14 groups and meet with Cinnabar reps to ask questions. He then introduced *Kirk Roberts, pres. of Cinnabar, who explained just how the “appraisal”, and “voluntary” acquisitions would work. He told us to sign up to have an appraisal done on our property. Appraisal would be what the property would sell for on the open market, NOT replacement value.
Acquisitions will be completed by June 1, 2006, but can possibly be extended, if the property is not needed right now. Properties South and East from Washington and McElroy will be needed first.
After appraisal is done, they will give the property owner an offer in person, or it can be mailed. Property owner can counter in writing. Property Owner can also have their own appraiser and present that appraisal to Cinnabar, if the appraisal is â€œreasonableâ€. Appraisals are to be completed by March 1, 2006.
He also stated that each owner could okay a part sale/part â€œgiftâ€ to the university. He said that moving expenses could be paid by the Oklahoma Department of Transportation.
* I thought Mr. Clark introduced the Cinnabar representative as Kirk Roberts, but the Stillwater Newpress said Bob Parmele, Jr. was president of Cinnabar & the presenter. I am sure the Newpress talked to the presenter and reported it accurately. (Sorry about that)