HomeMy WebLinkAbout2010.01.25_Sales Tax Watchdog Committee AgendaJulie Stevens
CITY OF OWASSO
SALES TAX WATCHDOG
COMMITTEE
0`1,j OF OWASSO O
i
1904
F,yQ OF THE
January 25, 2010
6:30pm
Old Central, 109 N. Birch
PUBLIC NOTICE OF THE MEETING OF THE
OWASSO SALES TAX WATCHDOG COMMITTEE
TYPE OF MEETING: Regular
DATE: January 25, 2010 REC
TIME: 6:30 PM
PLACE: Council Chambers JAN p
Old Central Cjh, 1 ?0/0
109 N. Birch
Owasso, OK
Agenda filed in the office of the City Clerk and posted on the City Hall bulletin board at 1 700
AM on Thursday, January 21, 2010. n
Jul' M. St vens, eputy City Clerk
AGENDA
1. Call to Order
Ms. Brenda Snow, Chairman
2. Roll Call
Ms. Stevens
3. Presentation by the Assistant City Manager for the purpose of reviewing Sales Tax
Watchdog Committee purpose, duties, and responsibilities.
Ms. Bishop
4. Consideration and appropriate action relating to a request for Committee approval of
the July 27, 2009 Minutes.
Ms. Brenda Snow, Chairman
Attachment # 4
5. General Discussion of Projects and Status Reports.
Mr. Stevens
Mr. Lehr
Attachment # 5
6. Presentation and Discussion of Financial Reports.
Ms. Bishop
Attachment # 6
Mat �di'a+& &t Wwi4aaA
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PUBLIC NOTICE OF THE MEETING OF THE
OWASSO SALES TAX WATCHDOG COMMITTEE
TYPE OF MEETING:
DATE:
TIME:
PLACE:
Regular
January 25, 2010
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 10:00
AM on Thursday, January 21, 2010.
Juliann M. Stevens, Deputy City Clerk
AGENDA
1. Call to Order
Ms. Brenda Snow, Chairmary
�,e aK Vie
2. Roll Call KpT S�11T • `�� l lt*-1f7e y
Ms. Stevens n
u C i G x U� S YES �`�� N x
i h at r a E (F 1� Y�1
�nA,tttl-�w t�- oi�rts (�1K�2� �yt��"�� 3►'�2�d�Shaw
3. Presentation by the Assistant City Manager for the purpose of reviewing Sales Tax
Watchdog Committee purpose, duties, and responsibilities.
Ms. Bishop
r' 5- %66 -w lf-aAIWIA A" ��yr , AwbuD cispc�,,",kylt "fits vF "t ht
4. Consideration and appropriate action relating to a request for Committee approval of the
July 27, 2009 Minutes.
Ms. Brenda Snow, Chairman
Attachment # 4
,rn - S IM mi 'D A' .
Owasso City Council
January 25, 2010
Page 3
11. Adjournment.
r
c-) �Y44 a0.1t--
OWASSO SALES TAX WATCHDOG COMMITTEE
MINUTES OF REGULAR MEETING
Monday, July 27, 2009
The Owasso Sales Tax Watchdog Committee met in regular session on Monday, July 27, 2009 in
the Council Chambers of the Old Central Building, 109 N. Birch, per the Notice of Public
Meeting and Agenda posted on the City Hall bulletin board at 10:00 AM on Friday, July 24,
2009.
ITEM 1: CALL TO ORDER.
Mr. Steve Mowery, Vice - Chairman, called the meeting to order at 6:35 PM.
ITEM 2: ROLL CALL
PRESENT
Steve Mowery
Bob Barnes
Danny Ewing
Matt Roberts
ABSENT
Jeff Westerfield
Jeff Ferguson
Angela Ritchie
David Boggs
STAFF PRESENT
Sherry Bishop, Assistant City Manager
Juliann Stevens, Administrative Assistant
Angela Hess, Finance Department
Bradd Clark, Fire Department
Warren Lehr, Golf /Parks Department
Larry Langford
Erik Miller
Mark Schneider
Brenda Snow
Joe Sparks
Matthew Roberts
(I/) P gQ V'_ h/1 U'" 0
Rodney Ray, City Manager
Roger Stevens, Public Works Department
Janet Isaacs, Finance Department
ITEM 3: CONSIDERATION AND APPROPRIATE ACTION RELATING TO A REQEUST
FOR APPROVAL OF THE FEBRUARY 2 2009 MINUTES
Committee members were mailed a draft copy of the February 2, 2009 watchdog meeting
minutes on February 3, 2009 for review. Mr. Ewing moved, seconded by Mr. Barnes to approve
the minutes of the February 2, 2009 special meeting.
AYE: Mowery, Barnes, Roberts, Ewing, Miller, Langford, Schneider
NAY: None
ABSTAIN: None
Motion carried 7 -0.
C
Watchdog Committee
July 27, 2009
Page 3 of 3
ITEM 9: NEW BUSINESS
None.
ITEM 10: ADJOURNMENT
Mr. Ewing moved to adjourn the meeting, Mr. Schneider seconded the motion.
AYE: Mowery, Barnes, Roberts, Ewing, Miller, Langford, Schneider
NAY: None
ABSTAIN: None
Motion carried 7 -0.
The meeting adjourned at 7:15 PM.
3
Steve Mowery, Vice Chairman
CAPITAL IMPROVEMENT PROJECTS
STATUS REPORT
January 25, 2010
GENERAL GOVERNMENT
• (Quality of Life Initiative
- Initiative included in Capital Improvement Resolution No. 2009 -01 to
receive funding.
- During their October 20, 2009 meeting, the City Council awarded a contract
to Alaback Design Services, Inc. in the amount of $113,960 for services
related to the implementation of the initiative.
PUBLIC WORKS DEPARTMENT
Y N. 1291h E. Avenue Wide_n_inq Project (South of Home Depot to E. 76th Street North
- City Council awarded the construction contract to Becco Construction in the
amount $8,320,902 on August 21, 2007.
- The Notice to Proceed was issued on October 1, 2007 and construction was
complete in July of 2009 for a revised construction contract total of
$8,192,565.
- All invoices relating to the project have been received and a request for
action to approve the Project Completion Report is included on the January
25, 2010 Sales Tax Watchdog agenda.
E. 86th Street North Widening (from Main Street to N. Memorial Drive)
- Funding for the construction of this project is a result of a "matching grant "; 80%
ODOT funding and 20% City funding.
- An Engineering design for the project was completed in September 2008.
- An Environmental Assessment was approved by ODOT in December 2008 and
the Federal Highway Department in February 2009.
- Right -of -way negotiations and utility relocations are anticipated to be
completed by November of this year.
- Construction is expected to begin in February 2011.
E. 106TH Street North and Garnett Road Intersection Improvement Project
- A $750,000 grant from ODOT was approved in February 2009.
- On March 24, 2009, City Council awarded an engineering design contract with
PSA Dewberry in the amount of $119,500. Engineering Design is 80%
complete. Review and approval of the current design is needed from the
Oklahoma Department of Transportation (ODOT). Representatives from
ODOT have commented on the review and approval process being delayed
due to the many stimulus projects being submitted. PSA Dewberry
Penney site. In November 2009, City Council authorized the revised scope
of work to be payable to POSE, Inc under their existing contract and not to
exceed $419,125. The additional work was performed and completed prior
to the Thanksgiving Holiday.
On December 15 2009, City Council approved final payment to Pavement
Conservation Specialists Inc. bringing the total contract amount to
$398,401, an under run of $20,723.
Staff is awaiting a final invoice from Tulsa County. Upon payment of all
invoices, staff anticipates requesting the approval of a Project Completion
Report during the July 26, 2010 Sales Tax Watchdog meeting.
Traffic Signal Enhancements:
- On October 7, 2008, the City Council awarded an engineering agreement in the
amount of $37,000 to Traffic Engineer Consultants, Incorporated.
- A traffic study began in October 2008 and the traffic data report was submitted to
the staff in February 2009.
- On July 21, 2009, the City Council awarded the hardware installation contract to
Midstate Traffic Control, Inc. in the amount of $132,711.
- The installation of hardware began in October 2009. Signal linking on East
86th Street North is 95% complete and East 76th Street North is 100%
complete. Timing modifications to all standalone intersections are
complete.
- This project is scheduled for final completion in January of this year.
PARKS DEPARTMENT
S Sports Park FY 2009
- Improvements will include the in.stallation of water lines throug#crut-A-he-
- --S- ports -P ark - South— _�D 'k �.p I , tt'A, I, r i q 0-h &) l' d 06 0 u )op f, 6Y11.).
- The Public Works Department complet the design work and applied for
the necessary permits with the Department of Environmental Quality. Upon
permitting, the work will be performed by the Public Works personnel.
City of Owasso
Capital Improvements Fund
Project Status Summary Report
As of December 31, 2009
Quality of Life Initiative
• 86th Street Widening
v 129th E Ave Widening
a 86th Street Main - Memorial
0 106th /Garnett Intersection
0 TTC /TCC Access Road
0 Street Improvements FY 2009
Street Improvements FY 2010
0 Sports Park FY 2009
Project Cost
Estimate
Project
Budget
Expended
FY 2010
Expended to
Date
Contract &
Encum
Percent of
Budget
Expended
Percent
Complete
Completion
Report
Approval
120,000
120,000
0
0
113,960
0%
0%
3,320,000
3,319,241
15,500
3,319,241
100%
100%
1/25/2005 Amended
8,680,000
8,664,266
13,863
8,620,898
99%
100%
Proposed
1,450,000'
1,450,000
8,510
17,510
1%
1%
1,700,000 *
1,700,000
44,753
86,936
32,564
5%
5%
1,900,000
1,900,000
469,813
632,313
1,108,189
33%
33 %
1,114,000
1,113,293
558,240
726,933
36,115
65%
65%
250,000
250,000
0
0
0%
0%
569,100
569,083
0
0
0%
0%
$19,103,100
$19,085,882
$1,110,678
$13,403,830
$1,176,868
70%
• Prior to 2003 Election
o Resolution 2007 -05 Priority Projects
0 Resolution 2008 -01 Priority Projects
Resolution 2009 -01 Priority Projects
Resolution 2009 -08 Priority Projects
*Note - Additional Project funding will be provided by other resources.
C:\ Users \julie_stevens\AppData \Local \Microsoft \Windows \Temporary Internet Files\ Content .Outlook \429NA3UL \[capital improvement fund projects 2009 12.x1s]
City of Owasso
Monthly Sales Tax Revenues
Last Five Fiscal Years
2009 -2010 2008 -2009 2007 -2008 2006 -2007 2005 -2006
Jul
$1,523,296.22
$1,463,146.16
$1,341,097.93
$1,252,532.37
$1,017,573.68
Aug
1,457,190.41
1,420,417.94
1,322,978.99
1,334,836.21
1,015,717.94
Sep
1,384,785.99
1,453,976.96
1,312,193.14
1,364,828.62
1,035,632.81
Oct
1,386,073.05
1,453,905.08
1,361,802.72
1,248,082.34
981,341.39
Nov
1,222,181.35
1,358,986.71
1,335,464.66
1,161,834.48
961,699.87
Dec
1,481,442.33
1,497,046.05
1,315,944.77
1,224,807.13
989,988.83
Jan
1,662,272.89
1,628,566.99
1,445,290.21
1,103,892.80
Feb
1,621,964.23
1,575,026.08
1,510,401.30
1,199,000.82
Mar
1,299,354.84
1,292,129.15
1,108,328.52
1,421,532.19
Apr
1,289,190.50
1,313,532.63
1,256,964.10
951,508.84
May
1,430,199.15
1,333,170.96
1,352,262.60
1,192,227.77
Jun
1,392,852.76
1,432,255.94
1,249,721.59
1,145,888.73
$8,454,969.35
$17,343,313.27
$16,564,163.96
$15,509,889.47
$13,016,005.67
PAGE TWO
Amount
FORMING SUPPLIES
Date
GL Account
Vendor
11/12/2009
40- 300 - 062 -54210
LOWES
11/12/2009
40- 300 - 062 -54210
LOWES
11/12/2009
40- 300 - 062 -54210
LOWES
11/12/2009
40- 300 - 062 -54210
ROADSAFE
11/12/2009
40- 300 - 062 -54210
ROADSAFE
11/12/2009
40- 300- 062 -54210
MAXWELL SUPPLY
11/12/2009
40- 300 - 062 -54210
APAC - OKLAHOMA, INC
11/12/2009
40- 300 - 062 -54210
EQUIPMENT ONE
11/12/2009
40- 300 - 062 -54210
TWIN CITIES
11/12/2009
40- 300 - 062 -54210
MILL CREEK LUMBER
11/12/2009
40- 300 - 062 -54210
EQUIPMENT ONE
11/25/2009
40- 300 - 062 -54210
MAXWELL SUPPLY
11/25/2009
40- 300 - 062 -54210
MAXWELL SUPPLY
11/25/2009
40- 300 - 062 -54210
APAC - OKLAHOMA, INC
11/25/2009
40- 300 - 062 -54210
EQUIPMENT ONE
11/25/2009
40- 300 - 062 -54210
VANCE BROTHERS
11/25/2009
40- 300 - 062 -54210
VANCE BROTHERS
11/25/2009
40- 300 - 062 -54210
ROADSAFE
11/25/2009
40- 300 - 062 -54210
ROADSAFE
11/25/2009
40- 300 - 062 -54210
ROADSAFE
11/25/2009
40- 300 - 062 -54210
MILL CREEK LUMBER
11/25/2009
40- 300 - 062 -54210
KEYSTONE SERVICE
12/9/2009
40- 300 - 062 -54210
LOWES
12/9/2009
40- 300 - 062 -54210
LOWES
12/9/2009
40- 300 - 062 -54210
MAXWELL SUPPLY
12/9/2009
40- 300 - 062 -54210
GREENHILL
12/9/2009
40- 300 - 063 -54210
MIDSTATE TRAFFIC
12/21/2009
40- 300 - 063 -54210
MIDSTATE TRAFFIC
12/28/2009
40- 300 - 062 -54210
PAVEMENT CONSERVATION
12/29/2009
40- 300 - 062 -54210
PAVING MAINTENANCE
12/30/2009
40- 300 - 062 -54210
PMSI
12/30/2009
40- 300 - 062 -54210
SHERWOOD CONSTRUCTION
12/30/2009
40- 300 - 062 -54210
VANCE BROTHERS
12/30/2009
40- 300 - 062 -54210
APAC - OKLAHOMA, INC
12/30/2009
40- 300 - 062 -54210
ROADSAFE
12/30/2009
40- 300 - 062 -54210
JIM D. WILSON
o�
Description
Amount
FORMING SUPPLIES
95,28
PAINTING SUPPLIES
35.64
FORMING SUPPLIES
158.99
PAINTING FOR CURB
198.75
PAINTING FOR CURB
132.50
FIBER EXP
104.10
TYPE I STREET REPAIRS
1,694.20
PROPANE TO HEAT TACK OIL
61.38
TYPE I STREET REPAIRS @ 96TH ST
2,890.00
LUMBER
3.62
PROPANE FOR ASPHALT BOX
61.38
SEALANT
184.25
SEALANT
184.25
ASPHALT FOR TYPE I REPAIR
1,233.70
RENTAL
136.50
TACK OIL
1,297.75
TACK OIL
65.55
FLEX TABS
225.00
FLEX TABS
225.00
FLEX TABS
450.00
SUPPLIES
198.66
FOG SEAL - 96TH ST PROJECT
23,940.00
96TH ST /MASTER LOCK
10.98
96TH ST MATERIALS
129.97
MARKING PAINT
158.30
CREDIT REFUND /CONCRETE
4,756.25
TRAFFIC SIGNAL ENHANCEMENT
76,906.02
TRAFFIC SIGNAL ENHANCEMENT
23,954.34
STREET REPAIRS
189,261.55
CRACK SEALING EQUIPMENT
6,099.62
CRACK SEALING EQUIPMENT
1,288.55
CONCRETE
3,914.00
TACK OIL
170.10
ASPHALT
1,977.50
SIGNAGE
231.00
PROGRAM SIGNALS
227.00
STREET IMPROVEMENTS FY 2009
Project. Total
$558,239.68
$1,110,678.35
PROJECT COMPLETION REPORT
PROJECT: North 129th East Avenue Improvements
DATE PROJECT WAS INITIATED: October 1, 2007
DATE PROJECT WAS COMPLETED: July 21, 2009
DEPARTMENT RESPONSIBILITY FOR PROJECT: Public Works Department
STAFF COMMENTS: The North 129th East Avenue Improvements (from East 76th
Street North to East 94th Street North) involved the widening of the street to five lanes
construction of new sidewalk, curb and gutter and signalization at the High School/Mid -High
and the 6"' Grade Center at an estimated cost of $8,680,000. On August 21 2007 City
Council awarded the construction contract to Becco Construction in the amount
$_8,320,902.80. Construction of the improvements have been completed realizing an under
run of $128,336.88, for a revised contract amount of $8,192,565.92. Other expenditures
related to this improvement project included right of way acquisition utility relocations
engineering and design, and other professional services totaling $429,000; for a total project
cost of $8,620,898.
der Stevens
PROJECT COORDINATOR
Public Works
DEPARTMENT
January 15, 2010
DATE
Approved this 25TH day of January, 2010.
Brenda Snow, Chairman
SUPPLEMENTAL
PROJECT COMPLETION REPORT
PROJECT: E. 86" Street North Improvements
DATE PROJECT WAS INITIATED: September 2, 2003
DATE PROJECT WAS COMPLETED: June 15, 2004 * see supplemental below
DEPARTMENT RESPONSIBILITY FOR PROJECT: Public Works Department
STAFF COMMENTS: E. 86th Street North Improvements (from N 129th East Avenue to N
145th East Avenue) which involves the widening of the street to five lanes construction of
new sidewalk, curb and gutter and signalization at 8th Grade Center. On August 5 2003
City Council awarded the construction contract to Becco Construction Inc. Tulsa OK in the
total amount of $2,472,065.20. Three change orders were issued during construction in the
amount of $188,447.44. Final construction cost for the project was $2,660,512.64.
Supplemental Information:
Including expenses for right of way acquisition, utility relocations engineering and design
and all other costs, the total project was $3,303,741 as of December 31 2005. The on inal
CProject Completion Report was approved by the Watchdog Committee on January 24 2005
One item related to right of way clearance, the demolition of a barn remained outstanding.
The barn has been demolished and removed from the property at a cost of $15,500. Final
Roger Stevens
PROJECT COORDINATOR
Public Works
DEPARTMENT
January 25, 2010
DATE
Approved this 25TH day of January, 2010.
Brenda Snow, Chairman
SALES TAX PROJECTS
WATCHDOG COMMITTEE PROGRESS REPORT
FY 2009 -2010 CAPITAL IMPROVEMENTS FUND PROJECTS Progress Report #53 Dated 12131/09
PROJECT Cost Estimate Expended Design Bid Construction
Quality of Life Initiative
86th Street Widening
129th E Ave Widening
86th Street Main - Memorial
106th /Garnett Intersection
TTC /TCC Access Road
Street Improvements FY 2009
Street Improvements FY 2010
Sports Park FY 2009
Total
120,000
0
3,320,000
3,319,241
8,680,000
8,620,898
1,450,000
17,510
1,700,000
86,936
1,900,000
632,313
1,114,000
726,933
250,000
0
569,100
0
$ 19,103,100
$ 13,403,830
COMPLETED PROJECTS
rod
Dept
Expended
Uompletion
Computerization
007
000
624,481
01/23106
TCC/TTC Land
064
150
3,076,475
02/02/09
Fire Station #2 Remodel
023
250
248,468
07/28/08
New Fire Station #3
029
250
2,199,155
02/02/09
86 & Main Intersection ROW
011
300
303,625
07/24/04
96 & 129 E Ave Intersection
022
300
1,747,745
01/23/06
96 & Hwy 169 Interchange
027
300
1,349,964
01/23/06
Garnett Widening (86 to 96)
020
300
5,601,858
01/22107
96 Str Widening (Garnett to Owasso Mkt)
025
300
4,929,552
01/22/07
Intersection Engr. Prelim
035
300
100,000
07/23/07
Street Improvements FY2007
042
300
807,746
01/21/08
86th & Mingo Intersection
013
300
861,524
07/28/08
Main Street Redevelopment
047
300
29,384
07/27/09
Street Improvements FY 2008
053
300
1,210,046
07/27/09
Silvercreek Drainage
034
370
877,049
01/22107
YMCA Pool
030
515
1,000,000
01/22107
Sports Park Expansion through FY07
024
515
2,062,418
01/21108
Sports Park Baseball Field #1
058
515
488,429
07/27/09
X
Legend:
X
-In Progress
- Complete
-Not Applicable
N
X
X
X
X
Legend:
X
-In Progress
- Complete
-Not Applicable
N
MEMORANDUM
TO: THE SALES TAX WATCHDOG COMMITTEE
CITY OF OWASSO
FROM: JULIANN STEVENS
ADMINISTRATIVE ASSISTANT
SUBJECT: SALES TAX WATCHDOG COMMITTEE PURPOSE, DUTIES, AND
RESPONSBILITIES
DATE: January 25, 2010
BACKGROUND:
During the July 2009 Sales Tax Watchdog meeting, a request was made to review the purpose,
duties, and responsibilities of the committee. Below is an outline of the Capital Improvement
Project process and responsibilities of the Sales Tax Watchdog Committee:
• The City of Owasso has a three percent sales tax. One percent sales tax (1/3 of the
revenue collected) is restricted to fund capital improvement projects only. (Ordinance
763)
• Resolution 2003 -14 establishes the procedure by which the City Council determines which
capital projects become priorities eligible to receive funding.
• Capital Projects are defined as having a cost more than $100,000 and a life expectancy of
at least ten years.
• The Capital Improvements Committee is comprised of citizens and staff who meet as
needed to discuss which capital projects should be funded.
• Capital Improvements Committee makes recommendations for capital priorities to the City
Council.
• City Council conducts a public meeting in order to receive citizen input regarding the
proposed list of prioritized capital projects received from the committee.
• City Council adopts by resolution the prioritized list of capital projects eligible to receive
funding for a current or future fiscal year.
Doc# 03160898 Pgs 3 B/P 7159/0447 -0449v
Receipt # 687741 10/17/03 15:04:31 11! 111111111! 111111II! IIIlIIl11ii!! Il 11111VIIIVIII!1111!!I!i11111111
Fee -A •
17.00 �____ i 00687
e4ikjilr"1_#
c- XLe,e. I-ILy 11
ORDINANCE NO. 763 111 N. Main
CITY" OF OWASSO Owasso, OK 74055
AN ORDINANCE OF THE CITY OF OWASSO, OKLAHOMA RELATING TO
REPLACING AND SUPERSEDING ORDINANCE NO. 326, AS AMENDED;
REMOVING STATED TERMINATION DATE OF EXCISE TAX LEVIED BY
ORDINANCE NO. 326, AS AMENDED; PROVIDING FOR THE PURPOSE OF
THE PROCEEDS OF SAID ONE PERCENT 1% EXCISE TAX; PROVIDING
FOR THE EFFECTIVE DATE OF SAID ONE PERCENT (1%) EXCISE TAX,
PROVIDING FOR SUBSISTING STATE PERMITS; PROVIDING FOR
CT) PAYMENT OF TAX; PROVIDING THAT THE ONE PERCENT (1%) TAX
} REPLACES THE ONE PERCENT (1 %) TAX CURRENTLY LEVIED;
. PROVIDING FOR AMENDMENTS TO THIS ORDINANCE; PROVIDING
THAT THE PROVISIONS OF THIS ORDINANCE ARE CUMULATIVE AND
IN ADDITION TO ANY AND ALL TAXING PROVISIONS OF OTHER CITY
ORDINANCES; PROVIDING FOR NO REPEAL OF TAX; PROVIDING FOR
SEVERABILITY OF PROVISIONS; AND CONTAINING OTHER PROVISIONS
RELATED THERETO.
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF OWASSO, OKLAHOMA AS
FOLLOWS:
Section 1. Citations and Codification. This Ordinance shall be known and may be cited. as
ethe City of Owasso Sales Tax Ordinance of 2003, and the same shall be codified and incorporated
into the Code of Ordinances, City of Owasso, Oklahoma.
Section 2. Replace and Supersede Ordinance No. 326 as Amended. This Ordinance No.
763, subject to approval by a majority of the qualified electors of the City as set forth in Section. 6
hereof, shall. replace and supersede in. all respects Ordinance No. 326 of the City dated April 19,
1983, as amended by Ordinance No. 326, Amended, dated May 5, 1983, as further amended by
Ordinance No. 395 of the City dated August 18, 1988, and as fiirther amended by Ordinance No.
553 of the City dated August 11, 1997 (collectively, the "Prior Sales Tax Ordinance ").
Section 3. Tax Imposed. There is hereby imposed an excise tax of one percent (1 %) to be
levied upon the gross proceeds or gross receipts derived from all sales taxable under the Oklahoma
Sales Tax Code. The excise tax imposed pursuant to this Ordinance No. 763 represents a
continuation of the excise tax levied pursuant to the Prior Sales Tax Ordinance and does not
represent an increase in the percentage of excise tax over what is currently levied by the City.
Section 4. Removal Termination Date of Tax. The Prior Sales Tax Ordinance has a stated
termination date of October 31, 2007. The excise tax levied by this Ordinance No. 763 has no
stated termination date.
Section 5. Purpose of Revenues. It is hereby declared to be the purpose of this Ordinance
to provide revenues to finance or fund capital projects and related. costs, to include debt service on
obligations issued to finance said capital projects; said projects to be reviewed by the Capital
Improvements Committee, approved by the City Council by resolution, with oversight given by the
Citizens' Watchdog Committee established by the City Council, and subject to competitive bidding
as required by law. Any amounts in the Capital Future Fund accumulated prior to the effective date
of this Ordinance shall be immediately released. for the purposes set fort]: above.
Marsha Hensley, Deputy City Cle&
APPROVED AS TO FORM:
�epTZn P. Gray, City oW
10
CITY OF OWASSO, OKLAHOMA
By:
I Ga74ochran, Mayor
S,
A H
0111mmll. "" "
CITY OF OWASSO, OKLAHOMA
RESOLUTION NO. 2003-14
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF OWASSO,
OKLAHOMA, ESTABLISHING AN AMENDATORY PROCEDURE FOR AMENDING
PRIORITY DETERMINATIONS PREVIOUSLY MADE BY THE CITY COUNCIL AS
RELATES TO UTILIZATION OF THE PROCEEDS OF THE EXCISE TAX LEVIED
BY ORDINANCE NO.763,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF OWASSO,
OKLAHOMA, THAT TO WIT:
Amendment to Priority Determination .for utilization of the proceeds of the excise tax levied by
Ordinance No. 763, shall be accomplished in the following manner, to wit:
A. The proposal for amendment to the Priority Determination shall be presented to the
Capital Improvements Committee, in a regular or special meeting thereof, called,
noticed and held in accordance with the provisions of the Oklahoma Open Meeting
Act, 25 O.S. 301, et req. The Capital Improvements Committee, in such public
meeting, shall consider all matters deemed relevant by it to the proposed
amendment to Priority Determination and at the conclusion of such consideration it
shall make a recommendation thereon to the City Council.
B. Prior to the City Council consideration of the Capital Improvement Committee's
recommendation and the proposed amendment to the Priority Determination. The
City Council, during a regular or special meeting thereof called, noticed and held in
accordance with the provisions of the Oklahoma Open Meeting Act, 25 O.S. 301 et
req., shall conduct a public hearing thereon. In addition to such notice as may be
required under the provisions of the Oklahoma Open Meeting Act, 25 O.S. 301 et
req., notice of such public hearing shall be published once in a newspaper of general
circulation not less than five (5) calendar days prior to such public hearing.
C. During the course of the public hearing, the City Council shall receive and consider
such information as deemed by the City Council relevant to the proposed
amendment to Priority Determination.
D. At the conclusion of the public hearing, the City Council shall, after discussion on
the proposed amendment, continue the matter for a period of not less than two (2)
weeks to a date, time and place certain for continued consideration of same. At such
time, the City Council shall take such action as it deems appropriate on the
proposed amendment. Any action taken shall ultimately be set forth by way of
Resolution. The date of adoption of said Resolution of the proposed amendment to
Priority Determinations shall be deemed the effective date.