|Updated: 7/03 10:43 am
||Published: 7/03 10:43 am
The state has sold its first underutilized property.
The Office of Management and Enterprise Services received a winning bid for what will be the first state property sold under a new law designed to liquidate or repurpose underutilized state assets.
The former Oklahoma Educational Television Authority studio at 811 N. Sheridan Rd. in Tulsa was identified as underutilized last year under the Oklahoma State Government Asset Reduction and Cost Savings Program, which requires that the 5% most underutilized state-owned properties be identified and potential for sale be assessed.
A sealed bid auction for the property conducted by the OMES Division of Capital Assets Management between June 7 and June 28 resulted in the highest bid of $130,000 winning the auction. The minimum bid was $99,000.
“OMES will be working with other agencies to sell more underutilized properties like this in the coming months and years. It’s a worthwhile effort to responsibly manage and maintain taxpayer assets,” said OMES Director Preston L. Doerflinger.
The sale of the 6,500 square-foot building, which was being used only for storage, is expected to close in the next 60 days.
In accordance with the Oklahoma State Government Asset Reduction and Cost Savings Program, proceeds from the sale after fees and expenses will be deposited in the Maintenance of State Buildings Revolving Fund, which was created to provide ongoing maintenance to state properties. The fund received a $30 million startup appropriation under the Fiscal Year 2014 state budget agreement.
“We serve at the will of the people, and we must strive to become better stewards of the taxpayers’ money and infrastructure,” said Speaker Shannon, R-Lawton. “The liquidation of this property is the first of many steps towards creating a new era of responsible maintenance of state infrastructure.”