By Associated Press - Wednesday, April 6, 2016

YUKON, Okla. (AP) - A city hall and development project in Yukon is being discarded in response to recently discovered financial mismanagement.

The Oklahoman (https://bit.ly/1V9jgJr ) reports that the City Council voted Tuesday to designate a plot of land as surplus and approve its sale. City spokeswoman Jenna Roberson says the city must pay $2.4 million for the property by September.

“We just can’t afford it,” Roberson said.

Roberson says the city purchased the land along Route 66 to build a city hall with development around the property, which is by a Wal-Mart Neighborhood Market.

“I would say it’s very valuable land,” said Kinlee Farris, CEO of the Yukon Chamber of Commerce. “The new Wal-Mart is doing great there and the east side of Yukon is really getting developed.”

City officials announced the discovery of numerous financial problems last month, including inappropriate account transfers, unauthorized purchases and other improper financial decisions. The city is left without enough money to meet financial obligations for the rest of the fiscal year. Mayor John Alberts has said that Yukon would encounter liquidation and layoffs in order to make ends meet.

But Farris said she believes Yukon will overcome its financial woes.

“We are still in the fastest growing county in the state, and Yukon is still growing,” Farris said.

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Information from: The Oklahoman, https://www.newsok.com

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