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Home My WebLink About2009.02.02_Sales Tax Watchdog Committee Agenda_SpecialC r' PUBLIC NOTICE OF THE MEETING OF THE OWASSO SALES TAX WATCHDOG COMMITTEE TYPE OF MEETING: DATE: TIME: PLACE: Special February 2, 2009 6:30 PM Council Chambers Old Central 109 N. Birch Owasso, OK Agenda filed in the office of the City Clerk and posted on the City Hall bulletin board at 5:00 PM on Wednesday, January 28, 2009. Juliann M. Stevens, Deputy City Clerk AGENDA 1. Call to Order Ms. Brenda Snow, Chairman 2. Roll Call Ms. Stevens 3. Request Approval of the July 28, 2008 Minutes Ms. Brenda Snow, Chairman Attachment #3 4. General Discussion of Projects and Status Report Mr. Ray Mr. Clark Mr. Stevens Mr. Lehr Attachment 44 Owasso City Council February 2, 2009 Page 2 5. Presentation and Discussion of Financial Reports Ms. Bishop Attachment #5 6. Project Completion Reports Ms. Brenda Snow, Chairman Attachment #6 A. Firestation No. 3 Construction Project B. Tulsa Community College /Tulsa Technology Center Land Acquisition 7. Consideration and approval of Progress Report for Public Distribution Ms. Brenda Snow, Chairman Attachment #7 8. Report from Assistant City Manager Ms. Bishop 9. New Business 10. Adjournment F 1,11"' PUBLIC NOTICE OF THE MEETING 0' T"IL OWASSO SALES TAX WATCHDOG, COMMITTEE TYPE OF MEETING: DATE: TIME: PLACE: Regular January 26, 2009 6:30 I'M Council Chambers Old Central 109 N. Birch Owasso, OK Agenda filed in the office of the City Clerk and posted on the City Hall bulletin board at 5:00 PM on Thursday, January 22, 2009. Rva"n'—p M. Stevens, Deputy City Clerk . V I AGENDA I Call to Order Ms. Brenda Snow, Cbai.nnan 2. Roll Call Ms. Stevens 3. Request Approval of the July 28, 2008 Minutes Ms. Brenda Snow, Chairman. Attachment #3 4. General Discussion of Projects and Status Report Mr. Ray Mr. Clark Mr. Stevens Mr. 'Lehr Attachment #4 Owasso City Council January 26, 2009 Page 2 5. Presentation and Discussion of inancial Reports Ms. Bishop Attachment 95 6. Project Completion Reports Ms. Brenda Snow, Chairman Attachment 46 A. Firestation No. 3 Construction. Project B. Tulsa Community College/Tulsa-'recli.notogy Center Land Aquisition 7. Consideration and approval of Progress Report for Public Distribution Ms. Brenda Snow, Chafirnan Attachment 97 8. Report from. Assistant City Manager .Ms. Bishop 9. New Business 10. Adjournment OWASSO SALES TAB WATCI.lDOG COMMITTEE MINUTES OF REGULAR MEETING Monday, July 2S, 2008 The Owasso Sales Tax Watchdog Committee met in a regular meeting on Monday, July 28, 2008 zn in the Council Chambers of the Old. Central Building, 109 N. Birch, per the Notice of Public Meeting mid Agenda posted on the City Hall bulletin board at 5:00 PM on Tuesday,, July 22, 2008. ITEM 1: CALL TO ORDER. Ms. Brenda Snow, Chairman, called the meeting to order at 6:30 PM. ITEM 2: ROLL CALL PRESENT Steve Mowery Bob Barnes David Boggs Matthew Roberts ABSENT Jeff Westerfield Danny Ewing Bob Buss , . Teff Fer2uson Angela Ritchie .Mark- Callery Brenda Snow Randy Cowling Erik Miller Donna Pepper Joe Sparks STAFF PRESENT Sherry Bishop, Administrative Services Director Julie Trout Lombardi, City Attorney Juliann Stevens, Administrative Assistant Roger Stevens, Public Works Department Angela Hess, Finance DepaAment Janet Isaacs, Finance Department Bradd Clark, Fire Department David Warren, Parks Department ITEM 3: CONSIDERATION AND APPROPRIATE ACTION RELATING TO A REOEUST FOR APPROVAL OF THE JANUARY 28 2008 MINUTES Mr. Boggs moved, seconded by Mr. Cowling to approve the minutes of the .1antiary 28, 2008 regular meeting, AYE: Mowery, Boggs., Barnes, Roberts, Callery, Cowling, Snow, Ritchie NAY: None ABSTAIN: None Motion carried 8-0, Watchdog Committee July 28, 2008 Page 2 of 3 Page 4: GENERAL DISCUSSION OF PROJECTS AND STATUS REPORTS Mr. Clark, Mr. Stevens, and Mr. Warren reviewed the various projects listed on the Project Status Reports. Discussion was held regarding items listed in the report. ITEM 5: PRESENTATION AND DISCUSSION OF FINANCIAL REPORTS Ms. Bishop reviewed. the financial report's included in the agenda packet and a discussion was held by members as to the content of the reports. Ms. Bishop commented that subsequent to the preparation of the Watchdog Agenda mid accompanying documentation, an outstanding invoice was discovered for Fire Station No. 3, thus the final project cost would be included on the January 2009 financial reports. ITEM 6: CONSIDERATION AND APPROPRIATE ACTION RELATING TO A REOEUST FOR APPROVAL OF PROJECT COMPLETION REPORTS A. FIRE STATION # 2 REMODEL (207 S. CEDAR) B. FIRE STATION # 3 CONSTRUCTION (100"" ST. N. & 145T" E. AVE.) C. 86"' AND MINGORD INTERSECTION IMPROVEMENTS Ms. Bishop advised the Committee that :item 6B would be stricken due to staff's anticipation of an additional invoice and such completion report would be included on the January 2009 agenda. Mr. Mowery moved to accept completion reports for Fire Station No. 2 and the 86'h & Mingo Rd Intersection Improvements, Mr. Barnes seconded the motion. AYE: Mowery, Boggs, Barnes, Roberts, Callery, Cowling, Snow, Ritchie NAY: None ABSTAIN: None Motion carried 8-0. ITEM 7: CONSIDERATION AND APPROPRIATE ACTION RELATING TO A. REQEUST FOR APPROVAL OF TlJE PROGRESS REPORT FOR. PUBLIC DISTRIBUTION Ms. Bishop presented the item. Mr. Cowling moved to approve the Progress Report for :Public Distribution with an amendment showing Fire Station No. 3 as "in progress", seconded by Mr. Callery. AYE: Mowery, Boggs, Barnes, Roberts, Callery, Cowling, Snow, Ritchie 'NAY: None ABSTAIN: None Motion carried 8-0, Watchdog Committee July 28, 2008 Page 3 o-F3 ITEM 8: REPOR.'L.FROM. ASSISTANT CITY MANAGER .M*s. Bishop distributed Resolution No. 2008-01, approved by the Owasso City Council on Apr.i]7, 2008 amending the Capital Improvement Project priorities to receive fitriding from the Capital Improvements Fund. Ms. Bishop also presented the committee with a packet of information relating to the upcoming Hotel Tax Election to be held on August 26, 2008 and the 411, city's proposal of a Strong Neighborhood Initiative. ITEM 9: ADJOURNMENT Mr. Mowery moved, seconded by Mr. Cowling to adjourn the meeting. AYE: 'Mowery, Boggs, Barnes,Roberts, Callery, Cowling, Snow, Ritchie NAY: None ABSTAIN: None .Motion carried 8-0. The meeting adjourned at 7:50 PM- Brenda Snow, Chairman City of Owasso Capital Improvements Fund Project Status Summary Report As of December 31, 2008 G TCC!TTC Land New Fire Station #3 • 86th Street Widening n 129 E Ave Widening n Main Street Redevelopment n Street Improvements FY 2008 a 86th Street Main - Memorial 4 106th /Garnett Intersection c TCC/TTC Access Road c Street Improvements FY 2009 • Sports Park FY 2008 • Sports Park Baseball Field #1 0 Sports Park FY 2009 Resolution 2006 -10 Priority Projects c Resolution 2007 -05 Priority Projects 0 Resolution 2008 -01 Priority Projects Project initiated prior to tact 2003 election *Note - Additional Project funding will be provided by other resources. Percent of Completion Project Cost Expended Expended to Contract & Budget Percent Report Estimate Project Budget FY 2009 Date Encum Expended Complete Approval 3,073,000 3,073,000 3,052,952 3,082,952 99 % 100% Proposed 2,355,450 2,273,105 6,536 2,199,155 97% 100 % Proposed 3,312,100 3,312,099 3,303,741 100% 100 % 1/2512005 8,680,000 8,658,403 2,541,675 6,047,123 2,663,880 70 % 70 % 100,000- 100,000 19,639 20,406 20% 98% 1,000,000 1,194,853 410,004 1,210,046 4,266 101% 99 % 650,000- 650,000 0 0 % 0% 450,000 450,000 0 0% 0 % 1,900,000 1,900,000 103,194 103,194 53,306 5 % 5% 1,000,000 1;000,000 132,763 132,764 25,114 13% 16% 235,083 235,083 0 0% 0 % 440,000 442,500 93,238 432,550 98% 98 % 500,000 500,000 0 0% 0 % $23,695,633 $23,789,043 $6,360,003 $16,501,932 $2,746,566 69 % Resolution 2006 -10 Priority Projects c Resolution 2007 -05 Priority Projects 0 Resolution 2008 -01 Priority Projects Project initiated prior to tact 2003 election *Note - Additional Project funding will be provided by other resources. City of Owasso Sales Tax Collections and Restricted Use of One Percent Fiscal Year 20O8-28Oy Totals . $8,647,478M $2,882,492.97 $803,347.68 $814,612.56 $827,613.98 $44,798,22 ($1,065.07) $391,055A6 503,16Z07 Outstanding debt issued to fund capital projects: 20O4 Sales Tax Revenue Note -$10,0OO,00O issued 12/22/2UO4, matures 12/01/2O11 2005 Sales Tax Revenue Note -$i0/J80.00O issued 1O/24/2UQ5, matures 12/O1/2D12 2OO7 Sales Tax Revenue Note -$10.O8U.00O issued O9/102OD7. matures OQX)1/2014 2O88 Sales Tax Revenue Note '$7.G80.00D issued 1209120D8' matures 12/0112O18 Three Percent Sales Tax Collection One Percent 2OO4 Sales Tax Rev Note 2OO5 Sales Tax 20U7 Sales Tax 20U8 Sales Tax Rev Note Rev Note Rev Note Fiscal �e� Fees/ Interest Earnings Excess to Capital Improvements Fund Balance 112,106.61 Jul 1.463.146.16 487.71538 133.881.28 135.788.78 137.708.33 253,37 80^000.30 192,707.00 Aug 1.420.417.84 473.472'65 133.891.28 135.768.70 137.708.33 88.104.28 258.811-27 Sep 1.453.978.96 484,658.99 133,091.28 135,708.78 188.049.33 76.949.82 335.780.89 Oct 1.453.905.08 404.035.03 133.891.28 185,768.78 138.04033 70.925.00 412.6W55 Nov 1.358.98071 452.995.57 133.891.28 135.768.76 138.04033 (2.000.00) 43.28020 455'97235 Dec 1.497.046.05 499^015.35 133.891.28 135.768.76 138.04933 44.798.22 081,58 47.189.32 503.182.07 Jan Feb Mar Apr May Jun Totals . $8,647,478M $2,882,492.97 $803,347.68 $814,612.56 $827,613.98 $44,798,22 ($1,065.07) $391,055A6 503,16Z07 Outstanding debt issued to fund capital projects: 20O4 Sales Tax Revenue Note -$10,0OO,00O issued 12/22/2UO4, matures 12/01/2O11 2005 Sales Tax Revenue Note -$i0/J80.00O issued 1O/24/2UQ5, matures 12/O1/2D12 2OO7 Sales Tax Revenue Note -$10.O8U.00O issued O9/102OD7. matures OQX)1/2014 2O88 Sales Tax Revenue Note '$7.G80.00D issued 1209120D8' matures 12/0112O18 City of Owasso Monthly Sales Tax ReV8OUHs Last Five Fiscal Years $101309,751.79 $16,564,163.96 $15,509,889.47 $13,016,005.67 $11,253,36003 2008-2009 2007-2008 2006-2007 2005-2006 2004-2005 Jul 1.463,146.18 $1.341.097.03 $1,252'532.37 $1,017,573.88 $910.733.72 Aug 1.420.417.94 1.322.978.99 1'334'826.21 1.015.717.94 014,007.46 Sep 1.453.978.96 1.312.193.14 1'884'828.62 1.035.632.81 988,704.68 Oct 1.453,905.08 1.361.802.72 1'248.082.84 981.341.39 851.782.01 Nov 1.350.986.71 1.335.464.66 1'161'834.48 961.609.87 835.488.88 Dee 1.497'046.06 1.315.944.77 1,224'807.13 989.088'83 951.169.18 Jan 1.602,272.80 1.628.586.09 1,445,290.21 1,103.892.80 968,888.14 Feb 1.575.028.08 1.510.401.30 1.199'000.82 1,050,127.03 Mar 1,292,129. 15 1.108,328.52 1.421.532.19 863.064.72 Apr 11313.532.63 1.256.904.10 851.508.84 888^000.83 May 1,333.170.96 1`352,262.60 1.182.227.77 1,026.634.39 Jun 1.432,255.94 1,249.721.50 1.145.888.73 1'008.76t80 $101309,751.79 $16,564,163.96 $15,509,889.47 $13,016,005.67 $11,253,36003 CI-(Y OF OWASSO CAPITAL IMPROVEMENTS FUNDS EXPENDITURES FOR THE PERIOD JULY 2008 THROUGH DECEMBER 2008 Date GL Account Vendor 12/12/2008 40- 150 -064 -54001 INVESTORS TITLE 12/12/2008 40- 150 -064 -54001 INVESTORS TITLE 13/2/2008 40 -250- 029 -54100 BKL INC 11/21/2008 40 -2S0- 029 -54100 CROSSLAND CONSTRUCTION 7/1/2008 40- 300 -54210 REFERENCE 20090523 8/12/2008 40-300 -021 -54210 BECCO CONTRACTOR 9/8/2008 40 -300- 021 -54210 BECCO CONTRACTOR 10/13/2008 40- 300 - 021 -54210 BECCO CONTRACTOR 10/22/2008 40- 300-021 -54210 OKLAHOMA NATURAL GAS 11/13/2008 40- 300 - 021-54210 BECCO CONTRACTOR 12/11/2008 40- 300 - 021 -54210 BECCO CONTRACTOR 11/13/2008 40- 300 -047 -54210 CROSSLAND 129 E. AVE WIDENING PROJECT 40 -300- 047 -54210 SIGNALTEK INC 7/1/2008 40-300 -54210 REFERENCE 20090523 7/31/2008 40- 300 -053 -54210 SEMMATERIALS, LP 8/14/2008 40- 300 - 053 -54210 SHERWOOD CONSTRUCTION 8/14/2008 40 -300- 053 -54210 CHANDLER MATERIAL 8/14/2008 40 -300- 053 -54210 SHERWOOD CONSTRUCTION 8/14/2008 40 -300 -053 -54210 BROWN FARMS LLC 8/14/2008 40- 300 -053 -54210 BROWN FARMS LLC 8/14; 2008 40- 300 - 053 -54210 BROWN FARMS LLC 8/14/2008 40-300- 053 - 54210 BROWN FARMS LLC 8/14/2008 40- 300 -053 -54210 BROWN FARMS LLC 8/14/2008 40- 300 -053 -54210 BROWN FARMS LLC 8/14/2008 40 -300- 053 -54210 RAINBOW CONCRETE 8/14/2008 40- 300 - 053 -54210 ACTION SAFETY SUPPLY 8/15/2008 40- 300-053-54210 MILL CREEK LUMBAR 8/15/2008 40- 300 -053 -54210 MILL CREEK LUMBAR Description Amount Proiect Total LAND PURCHASE- ROBINSON 1,891,149.80 LAND PURCHASE- OWASSO LAND TRUST 1,161,802.60 TCC /TTC LAND $3,452,952.40 FINAL ARCHITECTURAL BILL 2,660.00 FINAL PAYMENT - CRACKED FLOOR 3,876.00 NEW FIRE STATION #3 $6,536.00 RETAINAGE REVERSAL - 315,307.34 129 E. AVE WIDENING PROJECT 1,528,284.10 129 E. AVE WIDENING PROJECT 290,236.62 129 E. AVE WIDENING PROJECT 303,997.36 GAS FACILITIES RELOCATION 59,347.65 129 E. AVE WIDENING PROJECT 469,886.86 129 E. AVE WIDENING PROJECT 205,230.12 129TH E AVE WIDENING $:2,541,675.37 MAIN ST STREETSCAPE ENHANCEMENT 16,134.09 LOOPS FOR TRAFFIC SIGNALS 3,505.00 MAIN STREET REDEVELOPMENT $19,639.49 RETAINAGE REVERSAL - 37,994.57 PAVEMENT REPAIR PROJECT 3,976.57 ASPHALT FOR STREET REPAIR 1,503.50 STORMPIPE AND GASKET 125.20 CONCRETE FOR STORMPIPE 445.25 SOD FOR STORMPIPE PROJECT 160.00 SOD FOR STORMPIPE PROJECT 80.00 SOD FOR STORMPIPE PROJECT 160.00 SOD FOR STORMPIPE PROJECT 45.00 SOD FOR STORMPIPE PROJECT 80.00 SOD FOR STORMPIPE PROJECT 80.00 CONCRETE FOR STORMPIPE 137.25 07 -08 PAVEMENT STRIPING 9,500.11 FORM BOARDS FOR STORM PIPE 140.79 HARDWARE FOR STORM PIPE 6.19 $6,360,002.67 Date GL Account Vender Description Amount Proiect Total 8/15/2008 40- 300 -053 -54210 APAC, INC. - OKLAHOMA ASPHALT FOR STREET REPAIR 343.97 8/15/2008 40- 300- 053 -54210 OWASSO TOP SOIL DIRT FOR STORM PIPE REPLACEMENT 40.00 8/15/2008 40- 300 - 053 -54210 OWASSO TOP SOIL DIRT FOR STORM PIPE REPLACEMENT 60.00 8/25/2008 40 -300 -053 -54210 OWASSO TOP SOIL DIRT FOR STORM PIPE REPLACEMENT 260.00 8/28/2008 40- 300 - 053 -54210 SIGNALTEK INC LOOPS FOR TRAFFIC SIGNALS 1,900.00 9/10/2008 40- 300 - 053 -54210 SHERWOOD CONSTRUCTION CONCRETE FOR CURB & GUTTERING 2,100.00 9/11/2008 40- 300 -053 -54210 SHERWOOD CONSTRUCTION CONCRETE FOR STREET REPAIR 3,201.00 101/2/2008 40- 300 - 053-54210 SHERWOOD CONSTRUCTION CONCRETE FOR STREET REPAIR 823.50 10/2; 2008 40- 300 - 053-54210 WATER PRODUCTS MANHOLE - RISER 86.70 10/15/2008 40 -300- 053-54210 SHERWOOD CONSTRUCTION CONCRETE FOR 8 STREET MANHOLE 166.50 10/15/2008 40 -300 -053 -54210 SHERWOOD CONSTRUCTION ASPHALT FOR FY 07 -08 STREET REPAIR 869.25 10/15/2008 40- 300 -053 -54210 SHERWOOD CONSTRUCTION ASPHALT FOR FY 07 -08 STREET REPAIR 1,372.50 10/15/2008 40- 300 -053 -54210 SHERWOOD CONSTRUCTION ASPHALT FOR FY 07 -08 STREET REPAIR 1,647.00 10/28/2008 40- 300 - 053-54210 BECCO CONTRACTOR ASPHALT FOR FY 07 -08 STREET REPAIR 99,935.06 11/1.3/2008 40- 300 -053 -54210 SEMMATERIALS, LP ASPHALT FOR FY 07 -08 STREET REPAIR 1,510.94 -L211111/2008 40- 300 -053 -54210 LOBO HOLDINGS DB ASPHALT FOR FY 07 -08 STREET REPAIR 246,982.30 12/11/2008 40- 300-053 -54210 TULSA ASPHALT ASPHALT FOR FY 07 -08 STREET REPAIR 69,860.17 STREET IMPROVEMENTS FY2008 $410,004.18 9/22/2008 40- 300-061 -54210 CRAFTON, TULL AND ASSOCIATES N 140 E AVE EXTENSION 6,210.54 10/13 /2008 40 -300- 061 -54210 CRAFTON, TULL AND ASSOCIATES CONSULTING SERVICES FOR N 140 E AVE EXT 23,960.07 10/28/2008 40-300- 061 -54210 CRAFTON, TULL AND ASSOCIATES CONSULTING SERVICES FOR N 140 E AVE EXT 24,857.29 11/24/2008 40- 300-061 -54210 CRAFTON, TULL AND ASSOCIATES CONSULTING SERVICES FOR N 140 E AVE EXT 26,406.87 12/30/2008 40 -300- 061 -54210 CRAFTON, TULL AND ASSOCIATES CONSULTING SERVICES FOR N 140 E AVE EXT 21,759.59 TCC /TTC ACCESS ROAD $103,194.36 10/31/2008 40 -300- 062 -54210 SF SHOPS INVESTORS, L.P. REIMBURSEMENT FOR TRAFFIC SIGNAL 84,667.00 10/31/2008 40 -300- 062 -54210 SF SHOPS INVESTORS, L.P. ROAD REPAIRS @ 96TH ST N. & 121 E AVE 6,875.00 10/31/2008 40- 300 - 062 -54210 SF SHOPS INVESTORS, L.P. TRAFFIC SIGNAL MODIFICATION 29,335.00 11;'24/2008 40 -300- 063 -54210 TRAFFIC ENGINEER ENGINEERING SERVICES AGREEMENT 315.00 12/30/2008 40- 300 -063 -54210 TRAFFIC ENGINEER ENGINEERING SERVICES AGREEMENT 11,571.16 STREET IMPROVEMENTS FY2009 $132,763,16 7/1/2008 40-515 -54205 REFERENCE 20090523 RETAINAGE REVERSAL - 14,549.50 7/1/2008 40 -515 -54205 REFERENCE 20090523 RETAINAGE REVERSAL - 9,216.23 8/14/2008 40- 515 - 058 -54205 FIT CONSTRUCTION BALL FIELD CONSTRUCTION 59,080.18 8/26/2008 40- 515 - 058 -54205 FIT CONSTRUCTION BALL FIELD CONSTRUCTION 20,757.92 9/5/2008 40- 515 - 058 -54205 FIT CONSTRUCTION BALL FIELD CONSTRUCTION 21,850.44 10/2/2008 40 -515- 058 - 54205 RIDGELAND ENTERPRISE BALLFIELD RETAINAGE 15,315.30 SPORTS PARK BASEBALL FIELD #1 $93,238.11 $6,360,002.67 PROJECT: Fire Station No. 3 DATE PROJECT WAS INITIATED: November, 2006 DATE PROJECT WAS COMPLETED: June, 2008 DEPARTMENT RESPONSIBILITY FOR PROJECT:- Fire Department STAFF COMMENTS: FY 2006-2007 Capital Improvements Fund included a $2,300,000 allocation for the design and construction of Fire Station No. 3. The addition of the third fire station vastly improves the service and response times for the North and Northeast sections of the City. The project was originally conceptualized as a two apparatus bay facility with dormito[y sleeping arrangements. In considering the 40-year life of the building, the project was designed to incorporate three apparatus bays and individual sleeping quarters. The architectural firm BKL, Incorporated designed the fire station proiect. Through the competitive bidding process, Crossland Construction Company was awarded the building project, and received notice to proceed in January, 2007. Some features of the fire station include computer wiring, diesel exhaust capturing system in the apparatus baV, separate sleeping quarters for the firefighters, both private (firefighter) and ADA-compliant public restroom facilities, a community meeting room, and a facility generator. It is important to note that Fire Station No. 3 also incorporates a police precinct office, which is the first effort to distribute police officers around the community. It is believed that this concept will be a part of each future fire station. The total capital project cost equaled $2,199,155. L.rc Department DEPARTMENT PROJECT COORDINATOR January 15,29Q19— DATE Approved this 26th, day of January, 2009. Brenda Snow, Chairman PROJECT COMPLETION REPORT PROJECT: - .1 1 u1sa Coinnignity College/ Tulsa Tecluiology Center Land Aquisitloll DATE PROJECT WAS COMPLETED: December 2008 'DEPARTMENT RESPONSIBILITY FOR PROJECT:- Managerial Department STAFF COMMENTS: The City entered into negotiations with the Owasso Land Trust ("OLT") and H. Allen & Doris L. Robinson to purchase property that the City could subsequently donate to Tulsa Technology Center (TTC) to accommodate further development of the institution's campus in Owasso. The city purchased 10.66 acres from O'.1..T for One Million, One Hundred Fifty-Ninc Tbousand, Seven Hundred Eighty-Five Dollars and Sixty Cents ($1,159,785.60). Additionally, the City purchased 14.64 acres from the :Robinson Family for One Million, Nine Hundred Thirteen Thousand, One Hundred Fifty-Five Dollars and Twenty Cents ($1,913,155.20). Following the execution and closing of the two land sale transactions, the City entered into a land donation agreement with TTC, as afforded under 11 O.S. §,22 -1.25 of the Oklahoma Statutes creating an exception to the law whereby a municipality may donate property to a school. district. The land donation agreement 'includes the following conditions: A). The City of Owasso's name shall. be included in the name of the new facilities to be constructed on the site; B). TTC shall construct a joint use facility on the campus, which will serve to house not only TTQ's educational proums but also a. program of instruction in higher education through a lease with TCQ; and C.) The City of Owasso shall retain a reversionary interest in the land to be donated which will enable the City to terminate TTQ's ownership of the property if either of the following should occur: 1. TTC fails to begin and diligently work to complete construction of the campus within two (2) years from the date the deed was executed, or 2.. TTC ever ceases to use the property for post- secondary educational p=oses. TTC shall, however, retain an option to purchase the property from the City if the above reversionary." vision is ever exercised by the CiLy. The purchase price to be paid. by TTC shall be the fair market value less and except any ip2provements. Ji.die Loinbardi, (,* ty Attorney PROJECT COORDINATOR Managerial .DEPARTMENT January 20, 2009 DATE I Approved this 26th day of January 2009. Brenda Snow, Chairman SALES TAX PROJECTS WATCHDOG COMMITTEE PROGRESS REPORT FY20O8-2D08 CAPITAL IMPROVEMENTS FUND PROJECTS Progress Report #51 Dated 12/31/08 PROJECT Cost Estimate Expended Design Bid Construction TCC/TTCLand New Fire Station #8 88 Street Widening 128E Ave Widening Main Street Redevelopment Street |mpnuvamentaFY2ODU 86th Street K4oin'K4ennur|o| 106th/Garnett|nbarnaction TTC7[CC Access Road Street Improvements FY2OOQ Sports Park FY20O8 Sports Park Baseball Field #1 Sports Park FY2OOQ Total 3I73L000 3.052,052 2.355/450 2.199.755 8.312.100 3.303.741 8.680.800 6.047.124 100.080 20.406 1.000.000 1.210.046 650,000 O 450,000 O 1.900.000 103.194 1.000,000 132.764 235.083 O 440.000 432.550 500,000 U 027 300 COMPLETED-PROJECTS Proj Dept Expended Uompletion Computerization 007 000 624,481 01/ Fire Station #2Remodel 023 250 248,468 07/28108 oe&Main Intersection ROW 011 300 303,625 07/24104 98&129 E Ave Intersection 022 300 1.747745 01/23/06 96 Hwy lGSInterchange 027 300 1,34�V64 01/23/06 Garnett Widening (8s,oy6) 020 300 5,601,858 01/22/07 96 St, Widening (Garnett m Owasso Mkt) 025 300 4^928,552 01/22107 /ntecnect/nnEogr. Prelim 035 800 100,000 07123107 Street Improvements FY28O7 042 300 807.748 01121K0 80m& Mingo Intersection 013 300 861.524 07/28/00 Si|vencreekDnainage 034 370 877,049 01/22/07 YMCA Pool 030 515 1.000,000 01/2207 Sports Park Expansion through FYO7 024 515 2.062,419 01121/08 RComplete