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Oklahoma City real estate briefs for April 12, 2014

Leadership Oklahoma City, Plaza District Association receive award for contributing to Oklahoma City’s aesthetic qualities.
Oklahoman Published: April 12, 2014

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Two groups get recognition

Mayor Mick Cornett and the Oklahoma City Arts Commission honored Leadership Oklahoma City and the Plaza District Association with the Curtis A. Schwartz Cityscape Award for their contributions to improve the city’s aesthetic quality.

Leadership Oklahoma City was selected for its donation of a $400,000, 25-foot-tall steel and aluminum sculpture titled “Compass Rose.” The sculpture was created by artist Owen Morrel and is located in the Boathouse District along the Oklahoma River.

The Plaza District Association was selected for the revival of the Plaza District, on NW 16 between Classen and N Pennsylvania Avenue. Over nearly 20 years, the district has transformed from a crime-ridden area to a vibrant place with a 96.4 percent occupancy rate. Retail sales for 2013 reached $350,000 and many of the businesses experienced record sales during the 2013 Plaza District Festival.

Woman gets sentence, fine

Trina Tahir, 58, of Oklahoma City, has been sentenced to two years in federal prison and ordered to pay $382,290.82 in restitution for her role in obtaining mortgage loans fraudulently, said Sanford C. Coats, U.S. attorney for the Western District of Oklahoma.

A grand jury indicted Tahir along with Derrick Reuben Smith and Michael Gipson, in July 2010. In short, the defendants were charged with inducing lenders to fund mortgages based on inflated real estate prices and misrepresenting the distribution of excessive loan proceeds to Smith as commissions and bonuses paid to Tahir. In 2011, Tahir pleaded guilty to money laundering; a jury convicted Smith of conspiracy, and he was sentenced to 40 months in prison and ordered to pay $369,355; Gipson pleaded guilty to conspiracy and money laundering, and was sentenced to four months and ordered to pay $335,070.

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