CLO/Pointe Vista Settlement not Court Approved

by Stephen on 09/21/2015

Fallin and the lands commission may have agreed on this bogus settlement with Pointe Vista.  Judge Stuart has not approved it.

“Governor Mary Fallin today (9/16/2015) announced that the Commissioners of the Land Office (CLO) voted to approve a settlement on the stalled hotel development on former state park land at Lake Texoma.”

Fallin and the land commission approved this settlement. The Oklahoma County Court has not.

Fallin, chairman of the CLO, said commissioners during today’s monthly meeting voted to settle lawsuits over the development on Lake Texoma in Marshall County in southern Oklahoma. The settlement involves the CLO, the Oklahoma Department of Tourism and Recreation and Pointe Vista Development, LLC, of Oklahoma City.

The Tourism Department was not a party to the suit. Why were they a party to the settlement?

“This settlement provides a clean and realistic development plan for Lake Texoma and ensures local communities and the state of Oklahoma can benefit from this great natural resource,” said Fallin. “This is a victory for the Texoma community, which has been waiting for years for an agreement and a path forward.” ??Key provisions in the settlement include:

It doesn’t provide a “development plan.” It abandons Pointe Vista’s development plan. Google: “Orwellian double speak.”

  • CLO will buy back 50 prime acres in what is known as Area B – about 225 acres on the south side of U.S. 70 and includes the site of the old state park lodge – for the construction of a hotel and entertainment facilities. CLO plans to resell to a third party buyer. – They entered the court under false pretenses to take back 758 acres of Lake Texoma State Park.
  • Pointe Vista will be released from development requirements in Area A -about 525 acres north of U.S. 70 and includes the Chickasaw Pointe Golf Course – and Area B. –They sued PVD for breach of contract, not to void their contractual development requirements.
  • CLO will remove restrictions against the sale of land in Areas A and B. They entered the court under false pretenses to take back Areas A and B, not to let them keep it and then sell it.
  • CLO will dismiss its lawsuit against Pointe Vista, and Pointe Vista will dismiss its counterclaim against CLO and any possible liability of the Tourism Department. Pointe Vista’s counterclaims were ridiculous. The Tourism Department had no liability for delivering Area C which is federal land.
  • The Tourism Department will assign its rights in Area C to the CLO. Area C is an additional 1,022 acres of parkland at Lake Texoma that the Tourism Department was under contract to sell to Pointe Vista. The Tourism Department will retain the site of the Texoma State Park for redevelopment as a state park.  CLO will negotiate any acquisition of Area C land from the federal government. The Tourism Department has no rights in Area C. Pointe Vista abandoned the EIS for the Area C federal land transfer.
    ·          In exchange for an extension in the marina and concessions lease with the Tourism Department, Pointe Vista will pay an increased royalty from 5 percent to 8 percent on qualifying marina sales.
  • Pointe Vista will continue to be a party to the concessionaire contracts on Area C.“Under the agreement, and supported by both parties, the Commissioners of Land Office will focus on opportunities to develop the 50 acres of lakefront property they will purchase from us south of Highway 70 located in Area B,” Fischer said. “With the legal matters behind us, we will assess the market and business opportunities to determine the proper next steps in regards to potential additional investments in the Texoma real estate, marina, golf course and other developments moving forward.”

There is no development going forward here. The CLO, Tourism, McAfee & Taft and Pointe Vista have conspired to steal Areas A & B from the public taxpayers who invested in it for over sixty years.

Pointe Vista signed a deal with the CLO nearly 10 years ago to purchase the former Lake Texoma State Park land and build a massive new development on the lake that would include a four-star hotel. Construction has yet to begin.

And it won’t begin. YOU are releasing them from their contracts!

In January 2014, the CLO sued Pointe Vista to force the developer to begin work on the project, or allow the state to buy back the park land.
“We appreciate the cooperation of the Pointe Vista principals in developing a new approach that will accelerate the economic development of an important area of Oklahoma,” said Harry Birdwell, secretary of the CLO. “There is much work yet to be done, but we are committed to help bring facilities to attract visitors to the area and help redevelop an area state park.”

More bullshit and lies from the CLO Secretary Harry Birdwell.  We had a state park.  You entered the Oklahoma courts to take back the park based on Pointe Vista’s breach of contract.  You entered your lawsuit based on false pretenses of prosecuting your case.  Instead you colluded with Pointe Vista, McAfee & Taft, and Tourism to give away these 758 acres and our right to take them back.

Now, it’s up to Judge Roger Stuart to decide who he represents.

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