Okla. Admin. Code § 300:25-3-3

Current through Vol. 42, No. 4, November 1, 2024

Section 300:25-3-3 - Issuance and termination of license to encroach

(a) An appraisal from an Oklahoma licensed appraiser may be presented to the Board of Directors for review and approval or an Applicant may agree to a standard cost per square foot set by the Board of Directors.

(b) Applications for a License to Encroach shall state the number of years for which the Applicant is seeking the License. For instance, the Applicant may request that the License is sought for any number of years up to and including ninety-nine (99) years.

(c) A License to encroach shall not be issued until such time as the Board has determined the value of the encroachment and all costs associated with the License, including but not limited to third party survey fees, application fees, or appraisal fees shall have been paid by the Applicant.

(d) All Licenses to encroach shall automatically terminate upon destruction or removal of the improvement on GRDA land. An improvement may be maintained, but it may not be rebuilt if destroyed.

(e) All Licenses to encroach shall terminate upon default of a holder of a license to pay any monies due.

(f) The term (number of years) of a License to encroach shall be at the sole discretion of the Board but may not exceed a maximum of ninety-nine (99) years.

(g) At the end of the term, GRDA may require that the property be returned to its original condition.

(h) Current Licenses in effect may be extended without further Board action upon request and payment of application fee to ninety-nine (99) years from the original date the license was issued.

Okla. Admin. Code § 300:25-3-3

Added at 23 Ok Reg 1327, eff 5-25-06

Amended by Oklahoma Register, Volume 37, Issue 24, September 1, 2020, eff. 9/11/2020