HomeMy WebLinkAbout2015.06.11_OEDA AgendaPUBLIC NOTICE OF THE MEETING OF THE
OWASSO ECONOMIC DEVELOPMENT AUTHORITY
TYPE OF MEETING:
DATE:
TIME:
PLACE:
Regular
June 11, 2015
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Owasso CIly H011, Lower Level Conference Room
111 N. Main
Owasso, Oklahoma
Notice and agenda filed in the office of the City Clerk and posted on the City Hall bulletin board
at 5:00 PM on Tuesday, June 9, 2015. n Av M a
Chelsea M.E. Levo, Economic Development Director
AGENDA
Call to Order
Dr. Thomas, Chair
2. Consideration and appropriate action relating to a request for Trustee approval of the
Consent Agenda. All matters listed under "Consent' are considered by the Trustees to be
routine and will be enacted by one motion. Any Trustee may, however, remove an item
from the Consent Agenda by request. A motion to adopt the Consent Agenda is non -
debatable.
A. Approval of minutes of the May 14, 2015 regular meeting
Attachment
B. Approval of claims
Attachment
C. Acceptance of the monthly financial reports
Attachment
3. Consideration and appropriate action relating to items removed from the Consent Agenda
4. Presentation and discussion relating to the proposed FY 2015 -2016 Hotel Tax Fund Budget.
Ms. Jones
Attachment
5. Presentation and discussion relating to proposed Resolution No. 2015 -01 approving the
OEDA FY 2015 -2016 Annual Operating Budget.
Ms. Jones
Attachment
6. Report from OEDA Director
Ms. Levo
Attachment
' Business Development Report
' Monthly Building Report
* Public Works Project Status Report
* Monthly Sales Tax Report
OEDA
June 11, 2015
Page 2
7. Report from OEDA Manager
Mr. Lehr
8. Report from OEDA Trustees
9. New Business (New Business is any item of business which could not have been foreseen at
the time of posting of the agenda.)
10, Adjournment
MEETING OF THE
OWASSO ECONOMIC DEVELOPMENT AUTHORITY
MINUTES OF MEETING
Thursday, May 14, 2015
The Owasso Economic Development Authority met in regular session on Thursday, May 14, 2015
in the Lower Level Conference Room at City Hall, 111 N Main, Owasso, Oklahoma per the Notice
and agenda filed in the office of the City Clerk and posted on the City Hall bulletin board at 5:00
PM on Tuesday, May 12, 2015.
ITEM 1: CALL TO ORDER & ROLL CALL
Chair Dirk Thomas called the meeting to order at 10:00 AM.
PRESENT
Dirk Thomas, Chair
Dee Sokolosky, Vice -Chair
Gary Akin, Secretary
Jeri Moberly, Trustee
Bryan Spriggs, Trustee
David Charney, Trustee
A quorum was declared present.
ABSENT
Frank Enzbrenner, Trustee
ITEM 2: CONSIDERATION AND APPROPRIATE ACTION RELATING TO A REQUEST FOR TRUSTEE
APPROVAL OF THE OEDA CONSENT AGENDA
A. Approval of minutes of the April 9, 2015 Regular Meeting
B. Approval of claims
C. Acceptance of the monthly financial reports
Dr. Spriggs moved to approve the consent agenda, seconded by Ms. Moberly.
AYE: Thomas, Sokolosky, Akin, Moberly, Spriggs, Charney
NAY: None
Motion carried 6 -0
ITEM 3: CONSIDERATION AND APPROPRIATE ACTION RELATING TO ITEMS REMOVED FROM THE
CONSENT AGENDA
No action required
ITEM 4: REPORT FROM OEDA DIRECTOR
Chelsea Levo provided the business development report; Bronce Stephenson
presented the Monthly Building Report for April; Roger Stevens presented the Public
Works project status report; Linda Jones provided the monthly sales tax report.
Discussion was held.
ITEM 6: REPORT FROM OEDA MANAGER
Warren Lehr provided an update of
renovation project. Discussion was held.
ITEM 7: REPORT FROM OEDA TRUSTEES
No Report
ITEM 8: NEW BUSINESS
None
the Vision 2025 sales tax and the city hall
OEDA
May 14, 2015
Page 2
ITEM 9: ADJOURNMENT
Dr. Spriggs moved to approve the consent agenda, seconded by Ms. Moberly.
AYE: Thomas, Sokolosky, Akin, Moberly, Spriggs, Chamey
NAY: None
Motion carried -0 and the meeting adjourned at 10:48 AM.
Marsha Hensley, Minute Clerk
-2-
sd
The City Wit out Limits.
TO: THE HONORABLE CHAIRMAN AND TRUSTEES
OWASSO ECONOMIC DEVELOPMENT AUTHORITY
FROM: CHELSEA M.E. LEVO
ECONOMIC DEVELOPMENT DIRECTOR
SUBJECT: CLAIMS, OEDA
DATE: June 11, 2015
No claims for May 2015.
Owasso Economic Development Authority
Statement of Revenues, Expenses and Changes in Fund Net Assets
For the Month Ending May 31, 2015
. Estimated Investment Income
MTD
YTD
Budget
Operating Revenues
$0.00
$0.00
$0.00
Operating Expenses:
Materials & supplies
0.00
0.00
0.00
Services & other charges
0.00
0.00
5,000.00
Capital outlay
0.00
0.00
0.00
Total Operating Expenses
5,000.00
0.00
0.00
Operating Income (Loss)
0.00
(5,000.00)
0.00
Non - Operating Revenues (Expenses):
Investment income
0.67
7.47
8.00
Promissory note revenue
0.00
0.00
0.00
RAN debt service & other costs
0.00
0.00
0.00
Transfer from Hotel Tax Fund
0.00
0.00
0.00
Total non - operating revenues (expenses)
7.47
$8.00
0.67
Net income (loss) before contributions and
transfers
0.67
7.47
(4,992.00)
Transfer to general fund
0.00
0.00
0.00
Change in net assets
(4,992.00)
7.47
0.67
Total net assets - beginning
9,062.66
9,062.66
Total net assets - ending
$9,070.13
$4,070.66
. Estimated Investment Income
The City Wit out Limits.
TO: Honorable Chair and Trustees
Owasso Economic Development Authority
FROM: Chelsea M.E. Levo
Economic Development Director
SUBJECT: Hotel Tax Fund, 3% Expenditures
DATE: June 9, 2015
11104 :(h ;1:9111,11171
In 2002, Owasso voters approved a 3% hotel tax with the funds to be "set aside and used exclusively to
encourage, promote and foster economic development and cultural enhancement, tourism and
pursue regional promotion for the City of Owasso ...." In August 2008, Owasso citizens voted to
increase the hotel tax rate to 5 %. The 27. increase was designated by the City Council to fund the
Strong Neighborhood Initiative.
376 ECONOMIC DEVELOPMENT HOTEL TAX FUND EXPENDITURES:
The Hotel Tax fund (City of Owasso) is used to account for the revenues received from the hotel tax and
to account for the use of those restricted funds. Recognizing the OEDA Trustees' interest in the
appropriation of funding for economic development, the proposed budget for fiscal year 2015 -2016 for
the Hotel Tax fund is presented to the OEDA for review. The FY 2015 -2016 budget for the City of Owasso
will be presented on Tuesday, June 16 for Council approval.
For FY 2016, the estimated revenue from the 3% hotel tax is $245,000, which is a 2% increase over last
year's projected revenue. The proposed FY 2016 ending fund balance pertaining to economic
development is $515,699.
Proposed economic development activities include:
• Tulsa's Future Recruiting Trips (4)
$4,000
• Independence Day Fireworks
$16,000
• Tulsa's Future
$15,000
• Governor's Council for Economic Development
and Workforce Jobs Call Trip
$2,000
• Economic Forecast Report
$5,000
• Community and Holiday Banners
$6,000
• Holley Trolley
$7,000
• Owasso Chamber /Home & Garden Show
$1,250
• Tulsa Chamber InterCity Visit
$5,000
• Tulsa Chamber DC Fly -In
$5,000
• Other Projects
$5,000
ATTACHMENT:
Hotel Tax Fund - 3% Summary of Revenues and Expenditures Budget
Hotel Tax Fund - 3% Expenditures Detail
376 Summary of Revenues and Expenditures Budget
Expenditures
Economic Development
Other Services $101,621 $99,906 $120,250 $122,850
Transfer to OEDA 0 500,000
Total Economic Development Expenditures $101,621 $599,906 $120,250 $122,850
Surplus /(Excess Expenditure) $96,660 ($365,876) $120,950 $123,350
Projected Beginning Total Fund Balance $540,615 $637,275 $271,399 $392,349
Projected Ending Total Fund Balance $637,275 $271,399 $392,349 $515,699
Projected
Estimated
Actual
Actual
Actual
Revenue
FY 12 113
FY 13 114
FY 14 115
FY 15 116
Revenues
Hotel Tax 37.
$195,186
$231,016
$240,000
$245,000
Miscellaneous
3,095
3,014
1,200
1,200
Total Economic Development Revenues
$198,281
$234,030
$241,200
$246,200
Expenditures
Economic Development
Other Services $101,621 $99,906 $120,250 $122,850
Transfer to OEDA 0 500,000
Total Economic Development Expenditures $101,621 $599,906 $120,250 $122,850
Surplus /(Excess Expenditure) $96,660 ($365,876) $120,950 $123,350
Projected Beginning Total Fund Balance $540,615 $637,275 $271,399 $392,349
Projected Ending Total Fund Balance $637,275 $271,399 $392,349 $515,699
Revenues
Expenditures
Ending Fund Balance
Expenditures FY 13 (to date)
Macy's Fulfillment Center Incentive
Retail Attractions Contract
Tulsa's Future
Independence Day Celebration
Home & Garden Show
Holly Trolley
Holiday Banners
Economic Forecast
Intercity Visit
DC Fly In
Tulsa's Future Recruiting Trips
ICSC
Economic Development Video
Gathering on Main
Impact Engineering
Restaurant Shuttle
Marketing materials
TCC Regional Meeting
Expenditure Total
3% Hotel Tax
Actual Actual Actual Projected Projected
FY 12 FY 13 FY 14 FY 15 FY 16
$180,918
$198,281
$191,286
$241,200
$246,200
48,696
101,621
599,906
63,127
122,850
$540,615
$637,275
$228,655
$406,728
$530,078
$500,000
$43,500
48,000 $12,000
$15,000
15,000
15,000
15,000
15,114
15,000
15,000
12,500
1,250
1,250
1,250
1,250
4,266
4,505
4,321
4,500
2,790
2,905
2,910
2,760
3,631
5,000
5,000
5,000
4,946
3,607
2,267
841
1,529
2,125
907
873
7,798
200
6,445
6,662
1,000
448
$48,696
$101,621
$599,906
$63,127
sd
The City Wit out Limits.
TO: THE HONORABLE CHAIRMAN AND TRUSTEES
OWASSO ECONOMIC DEVELOPMENT AUTHORITY
FROM: CHELSEA M.E. LEVO
ECONOMIC DEVELOPMENT DIRECTOR
SUBJECT: FISCAL YEAR 2015 -2016 BUDGET APPROVAL
RESOLUTION NO. 2015-01
DATE: June 9, 2015
BACKGROUND:
The proposed budget for fiscal year 2015 -2016 is presented for the OEDA Trustees review.
As a Title 60 Public Trust, the OEDA is required to file an annual budget with its
beneficiary, the City of Owasso. The budget or appropriation for a public trust is not a
legal restriction on the expenditure of funds as it is for a municipality. Resolution No. 2015-
01 adopts the annual operating budget for the OEDA.
Staff recommends OEDA Trustee approval of Resolution No. 2015 -01 adopting the FY
2015 -2016 budget proposal with estimated resources of $9,070 and total appropriations
for expenditure of $5,000.
ATTACHMENTS:
OEDA Proposed Budget
OEDA Budget Adoption Resolution
• N �
DESCRIPTION
The Owasso Economic Development Authority Fund is established to account for revenues and
expenditures of the City's Economic Development Trust Authority. The purpose of the OEDA is to
plan, implement, and promote projects and programs that will directly benefit the economic well
being of the community
BUDGET HIGHLIGHTS
The recommended FY 2016 budget includes $5,000 in contingency funding for Economic
Development activities that may arise during the fiscal year.
OEDA FUND
Summary of Revenues and Expenditures
Budgetary Basis
Actual Actual Projected Proposed Percent
2012 -2013 2013 -2014 2014 -2015 2015 -2016 Change
Revenues
Investment Revenue $
Total Revenues $
Other Sources
Transfers In
Total Revenues & Other Sources $
Expenditures
Other Services & Charges $
Debt Service
Total Department Expenditures $
Other Uses
Transfers Out
Total Expenditures & Other Uses $
Change in Fund Balance $
8 $
8
$
8
$
8 0.00%
8 $
8
500,000
$
8
-
$
8 0.007.
- -
8 $
500.008
$
8
$ 500,000 $
- $
5,000 #DIV /01
-
$
100.00%
$ 500,000 $
- $
5,000 #DIV /0!
- $
500,000
$
-
$
5,000
#DIV /01
8 $
8
$
8
$
(4,992)
- 62500.00%
Projected Beginning Balance 9,046 9,054 9,062 9,070 0.09%
Projected Ending Balance $ 9,054 $ 9,062 $ 9,070 $ 4,078 - 55.04%
OWASSO ECONOMIC DEVELOPMENT AUTHORITY
RESOLUTION NO. 2015 -01
A RESOLUTION PROVIDING FOR THE ADOPTION OF AN ANNUAL OPERATING BUDGET
FOR THE OWASSO ECONOMIC DEVELOPMENT AUTHORITY; ESTABLISHING LEVELS OF
EXPENDITURES AS PROVIDED BY STATUTE; AND ESTABLISHING AN EFFECTIVE DATE.
WHEREAS: It is the intent of the Owasso Economic Development Authority to adopt an
operating budget for fiscal year 2015 -2016; and,
WHEREAS: The adoption of such budget is vital to the continuation of services to the citizens
of Owasso; and,
WHEREAS: Public access to the adopted budget is desired; and,
WHEREAS: Certain filing requirements are mandated by State Statutes.
NOW THEREFORE, BE IT RESOLVED BY THE TRUSTEES OF THE OWASSO ECONOMIC DEVELOPMENT
AUTHORITY:
THAT: Total resources available in the amount of $5,000 and total appropriations in the
amount of $5,000 are hereby established.
THAT: The effective date of this Resolution shall be July 1, 2015.
APPROVED AND ADOPTED this day of , 2015 by the Trustees of the Owasso
Economic Development Authority.
Authority Chair
I111110.911
Authority Secretary
nTity Wil out Limits.
TO: THE HONORABLE CHAIR AND TRUSTEES
OWASSO ECONOMIC DEVELOPMENT AUTHORITY
FROM: CHELSEA M.E. LEVO
DIRECTOR OF ECONOMIC DEVELOPMENT
SUBJECT: DIRECTOR'S REPORT
DATE: June 9. 2015
NEW BUSINESS DEVELOPMENT
• Academy Sports + Outdoors- 8959 N. Garnett Road
o Development work on site continues. Work on 191h Street and Garnett has
started. Lane closures and delays will occur and flagmen are on site directing
traffic. Plans are to hand over building and infrastructure by Mid -July. Academy
projects to open in the early fall of this year.
• Zaxby's Chicken - 12807 E. 86th Street N.
o Awaiting crews that are building in Tulsa at present. Construction is anticipated
to start in two to four weeks.
• Dairy Queen - 9495 N. Owasso Expressway
o Under construction and framing has been completed. This should be open within
30 to 40 days. It is located to the north of Cracker Barrel on the service road.
• AMC Urgent Care, 9003 N. Garnett Road
o Construction is wrapping up. This business should open soon.
• Communication Federal Credit Union - 12312 E. 86th Street N.
o Nearing end of construction and should be complete in 30 days.
• Buffalo Wild Wings -9263 N. Owasso Expressway
o Under construction and framing. They could open in late summer.
• Wal -Mart Neighborhood Market - 11551 N. 129th E. Avenue
o Construction is underway. Work is now beginning on the intersection of E 116th St
N and N 129th E Ave. Additional turn lanes are being added. Work will be ongoing
through September. Looking at late 2015 opening.
• Oxford Glen Memory Care Center- 11113 E. 103rd Street N.
o Under construction. Project should be complete by the end of the summer.
• Amber Crossing - 11413 E. 96th Street N.
o Under construction. No predicted opening date.
• Caudle Center Phase III - 9538 N. Garnett Road
o Under construction.
• LaQuinta Inn - Lot 2, Block 1 of the "Replat of the Sevens"
o Civil plans and earth change permits have been issued. Preconstruction meeting
is scheduled for June 1, 2015.
• Macy's - receiving cases and are wrapping up hiring process for their weekend shift.
• Taco Bell - 13315 E. 116th Street N.
o Public infrastructure is underway and vertical construction on the site should
begin soon
Arby's - 11500N. 140th E. Avenue
o Preparing site. Infrastructure development has begun on the site. Awaiting
construction permit from ODOT.
Furniture Factory Outlet -12900 E 86th St N
o Locating in the east vacant space in the Owasso Town Center.
BUSINESS RETENTION L EXPANSION (BRLE)
Construction on SAHO is nearing completion. They hope to open in their new location in
July.
National Steak and Poultry is hiring 50+ people to meet increased business. Staff is
working with them on state tax credits for this expansion.
WORKFORCE DEVELOPMENT
• Oklahoma has experienced 7.58% employment growth since February 2010, the state's
lowest point of the Great Recession, according to a study released by The Pew
Charitable Trust. The state has created 116,900 jobs since 2010. Employment in March
2015 was 1,659,500. Read more htto: / /bit.ly /I IxGTW3
INDUSTRY NEWS
• Repairing America's deteriorating infrastructure - crumbling bridges, congested
highways, outmoded airports and train tracks, crowded runways - is important, but not
enough. Transportation infrastructure must be renewed and reinvented. Read more
http: / /bit.ly /l EvuJBv
• Driven by a continuing surge in the commercial aviation market, the aerospace and
defense (A &D) industry marked its best year ever in 2014 for revenue and operating profit
- the fifth consecutive year of record revenues and profits. Read more
http: / /pwc.to /1 esrkT7
• The future mall is already here — albeit in bits and pieces — in elements found at
shopping properties around the world. Read more http: / /bit.ly /1 B3Ko4c
• National update of a couple local tenants... http: / /bit.ly /1 HZmR1 B
• Retailing today ... more updates on local national retailers... h_t_tp: / /bitJv /1 ITisRJ
RESIDENTIAL SINGLE FAMILY NEW CONSTRUCTION MONTH END REPORT MAY 2015
Month
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
1 January
22
13
25
15
17
18
19
15
22
12
2 February
41
14
19
23
29
17
15
26
21
19
3 March
50
25
35
30
46
14
27
27
31
23
4 April
52
30
31
36
31
19
26
26
36
27
5 May
36
60
23
27
30
20
23
19
17
15
6 June
29
27
21
34
23
19
24
19
12
0
7 July
12
23
24
28
17
20
15
27
23
0
8 August
28
27
18
28
19
12
15
18
19
0
9 September
12
17
40
20
11
12
12
28
15
0
10 October
25
31
15
36
13
10
21
15
19
0
11 November
13
26
10
13
1
8
11
7
21
0
12 December
16
8
6
13
9
10
16
11
34,
0
Totals
336
301
267
303
246
179
224
239
270
96
YTD 201 142 133 131 153 88 110 113 127 96
MAY YEAR -TO -DATE COUNT
250 --- -•--• - --
200 ---•-•—••--•°—••°---•••—•---••--------------'---------'---•----------
15D - --- ------ ------------------- ----- __- - - -- ---.•....r---------------------------'°----------••----
100 '-'-'- ------- ------ --------n"------- -
D 2006 2007 2008 2009 2010 1 2011 2012 2013 2014 2015
MAY 201 1 142 133 131 153 1 88 110 113 127 96
TOTAL NEW CONSTRUCTION DOLLARS FOR EACH YEAR
45,000,000
30,000,000 --__.—_°_-___ _- --- --------------------------- - ------------ --------------- --
15,000,000 -._ .- ---- ----'---------- ..:.1 -- ------------ --------- -_ _-
2011 2012 -- -� -- 2013 2014 2015
TOTAL 21,464,855 28,202,279 32,102,888 34,337,904 14,945,975
CITY OF OWASSO
RESIDENTIAL LOT INVENTORY STATUS
May 31, 2015
Burberry Place (6/09)
Camelot Estates (4/07)
Carrington Pointe 1 (1/11)
Champions East (05/08)
Champions West (5/08)
Country Estates III (3/99)
Country Estates VI (11/03)
Crescent Ridge (02/08)
Fairways V (8/99)
Fairways VI (12/00)
Falls at Garrett Creek (12/05)
Falls at Garrett Creek Amended (12/05)
Hickory Creek
Honey Creek (4/02)
Keys Landing (3/08)
Lake Valley IV (5/10)
Lake Valley V (9/30)
Lake Valley V Phase 2
Lakes at Bailey Ranch (10/07)
Maple Glen (12/08)
Maple Glen II (1/11)
Maple Glen 111 (5/13)
Maple Glen IV (6/2/14)
Nottingham Estates IV (8/01)
Nottingham Estates V (3/01)
Nottingham Hill (6/09)
Park Place at Preston Lakes
Preston Lakes (12/00)
Preston Lakes 111 (10/04)
Remington Park II (11/04)
Sawgrass Park II (04/05)
The Summit at Southern Links (6/97)
Watercolours (12/02)
TOTALS
# OF LOTS
# DEVELOPED
# AVAILABLE
89
87
2
139
109
30
171
162
9
66
13
53
45
24
21
61
58
3
37
36
1
101
93
8
71
66
5
42
41
1
85
84
1
24
23
1
50
27
23
202
198
4
131
113
18
114
112
2
78
64
14
82
52
30
235
232
3
98
96
2
93
90
3
43
40
3
92
52
40
20
17
3
44
43
1
58
13
45
93
60
33
272
243
29
147
144
3
84
82
2
96
94
2
31
26
5
40
31
9
3034
2625
409
Watercolours (
The Summit at Southern Links
Sawgrass Park II
Remington Park II
Preston Lakes III
Preston Lakes(
Park Place at Preston
Nottingham HIII
Nottingham Estates V
Nottingham Estates IV
Maple Glen IV (f
Maple Glen 111
Maple Glen II
Maple Glen (
Lakes at Bailey Ranch (
Lake Valley V PI
Lake Valley V
Lake Valley IV
Keys Landing
Honey Creek
Hickory
Falls at Garrett Creek Amended
Falls at Garrett Creek
Fairways VI
Fairways V
Crescent Ridge (
Country Estates VI(
Country Estates III
Champions West
Champions East (
Carrington Pointe I
Camelot Estates
Burberry Place
CITY OF OWASSO
Rpsidpnfial I of Invpnfnm Stafrlc
12102)
(6/97)
74/05)
11/04)
10/04)
12/00)
Lakes
(6109)
(3/01)
(8101)
/2/14)
(5/13)
(1/11)
12108)
l0 /07)
ase 2
(9/30)
(5/10)
(3/08)
(4/02)
Creek
12/05)
12/05)
12/00)
(8/99)
12/08)
11/03)
(3/99)
(5/08)
)5/08)
(1/11)
(4/07)
0 50 100 150 200 250
■Lots Developed OTOtaI Lots
300
COMMERCIAL NEW CONSTRUCTION MONTH END REPORT MAY 2015
Month
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
1 January
9
4
4
1
1
3
1
1
1
1
2 February
0
3
2
0
1
1
1
1
0
2
3 March
14
2
0
1
3
0
0
0
1
2
4 April
1
0
4
1
1
1
0
1
0
2
5 May
2
1
1
2
1
2
1
0
0
0
6 June
4
1
1
2
0
0
2
1
2
0
7 July
0
0
1
0
0
0
0
1
0
0
8 August
7
3
1
0
0
2
2
0
3
0
9 September
1
28
3
0
0
0
0
0
0
0
10 October
3
4
1
0
0
1
0
4
0
0
11 November
1
1
1
2
2
1
0
1
3
0
12 December
1
1
1
0
1
0
0
1
2
0
Totals
43
48
20
9
10
11
7
11
12
7
YTD 26 10 11 5 7 7 3 3 2 7
MAY YEAR -TO -DATE COUNT
30
--
25
..
– ------------------- ----- ----------------------- – ---- ------.__.._---------------- ----- ----- ------- -----
20
-•
-- ----- – ------------ – ---- – ------------------------ – ---- ----_—..— ---- – ------- --- ----- -----°----------
15
-•
-------------------------------------------------------------°---------------------------------------
10
5
---
-
••--- E-1 ------------------------------------------------ ------------------------'_—'---
------ ------- - -- -- ------------------------.._._--'--'---
2007 2008 2009 2010 2011 2012 2013 2014 2015
2006
MAY
26
10
11
5
7
7
3
3
2
7
TOTAL NEW CONSTRUCTION DOLLARS FOR EACH YEAR
30,000,000
15,000,000 ----- ---------- - --'--- – ----------- --- ... — ...
____________________________
2011 2012 2013 2014 2015
TOTAL 6,018,116 17,296,000 9,375,440 21,178,400 8,470,000
OCCUPANCY PERMITS
NAME ADDRESS APPLICATION OPENING COMPLETE
DATE DATE
MAY 2015
APRIL 2015
Scissortail Provisions 702A N Main St 3/23/2015 4/6/2015 Yes
State Farm 9100 N Garnett Rd 4/1/2015 4/28/2015 Yes
MARCH 2015
Sprouts Farmers Market 9601 N 133 E Ave 7/18/2014 4/1/2015 Yes
FEBRUARY 2015
JANUARY 2015
12903 -B E 96 St N
6/17/2014
10/6/2014
Yes
Hapa Sushi
13720 E 86 St N #200
1/5/2015
1/21/2015
Yes
Royal Salon
11640 E86 St N
9/2412014
1/31/2015
Yes
DECEMBER 2014
9551 N Owasso Exp #102
8/13/2014
11/6/2014
Yes
Simple Simons
11330 N Garnett Rd
9/3/2014
12/2/2014
Yes
Baskin Robins
12808 E 86 St N
5/12/2014
12/15/2014
Yes
NOVEMBER 2014
9500 N 129 E Ave #100
3/19/2014
6/24/2014
Yes
Mathnasium
12336 E 86 St N
10/30/2014
11/11/2014
Yes
Lash Love
9100 N Garnett Rd
11/3/2014
11/19/2014
Yes
OCTOBER 2014
Whataburger
12903 -B E 96 St N
6/17/2014
10/6/2014
Yes
Blondy's Pizza
7708 N Owasso Exp
10/6/2014
10/27/2014
Yes
Hideaway Pizza
12903 -A E 96 St N
3/5/2014
11/6/2014
Yes
Jimmy John's Sandwhiches
9551 N Owasso Exp #102
8/13/2014
11/6/2014
Yes
SEPTEMBER 2014
Rock Nutrition 7703 N Owasso Exp #11 6/18/2014 9/1/2014 Yes
I_111C111-1111KIIE!
Super 8 Hotel
11604 E 76 St N
2/26/2013
8/15/2014
Yes
JULY 2014
Heartland Dental
13101 E 96 St N
11/12/2013
717/2014
Yes
Bricktown Brewery
11909 E 96 St N
5/29/2014
7/7/2014
Yes
JUNE 2014
Bite Perfect
12810 E 101 PI N #102
4/13/2013
613/2014
Yes
Ichiban Steak House
9500 N 129 E Ave #100
3/19/2014
6/24/2014
Yes
9inetyEight Apartments
12700 E 100 St N #1 -24
2/26/2013
6/19/2014
Yes
Tulsa Bone & Joint
12455 E 100 St N #120
3/5/2014
6111/2014
Yes
Body by BJ
403 W 2 Ave #102
4/22/2014
6/13/2014
Yes
Ok Baptist Children's Home
12760 E 74 St N
6/20/2013
6/30/2014
Yes
PERMITS APPLIED FOR IN MAY 2015
ADDRESS
BUILDER
ADD /ZONE
VALUE
A.S.F.
PERMIT#
DATE
6601 N 128 E Ave
Rausch Coleman
HC /PUD
$ 108,460
1,972
15- 0501 -X
5/4/2015
14613 E 111 Ct N
Simmons Homes
LVVII /PUD
$ 123,695
2,249
15- 0502 -X
5/4/2015
409 E 2 Ave
Oil Capital Neon
76C /CG
$ 3,000
24
15- 0503 -S
5/4/2015
6618 N 128 E Ave
Rausch Coleman
HC /PUD
$ 92,675
1,685
15- 0504 -X
5/5/2015
9455 -K N Owasso Exp
A -Max Signs
TPI /CG
$ 4,000
73
15- 0505 -S
5/5/2015
6707 N 128 E Ave
Rausch Coleman
HC /PUD
$ 92,675
1,685
15- 0506 -X
5/11/2015
14617 E 111 Ct N
Simmons Homes
LVVII /PUD
$ 118,525
2,155
15- 0507 -X
5/13/2015
14616 E 111 Ct N
Simmons Homes
LVVII /PUD
$ 105,710
1,922
15- 0508 -X
5/13/2015
15508 E 87 St N
Simmons Homes
PPPL /RS3
$ 121,385
2,207
15- 0509 -X
5/13/2015
507 E 2 Ave
Adventure Signs
SAFE /CS
$ 500
32
15- 0510 -S
5/13/2015
15401 E 87 St N
Simmons Homes
PPPL /RS3
$ 147,400
2,680
15- 0511 -X
5713/2015
12011 E 109 PI N
Simmons Homes
MGII /RS3
$ 106,645
1,939
15- 0512 -X
5/15/2015
14618 E 111 Ct N
Simmons Homes
PPPL /RS3
$ 111,430
2,026
15- 0513 -X
5/18/2015
15518 E 87 PI N
Simmons Homes
PPPL /RS3
$ 207,680
3,776
15- 0514 -X
5/18/2015
11500 N 140 E Ave
Sign & Wonders
HIP /CS
$ 42,600
163
15- 0515 -S
5/18/2015
7817 N 144 E Ave
Denham Homes
CE /RS3
$ 165,000
3,000
15- 0516 -X
5/20/2015
8010 N 144 E Ave
Denham Homes
CE /RS3
$ 170,500
3,100
15- 0517 -X
5/20/2015
11122 N 146 E Ave
Champion Window
LVVII /PUD
$ 19,977
150
15- 0518 -X
5/20/2015
12150 E 96 St N
Retail Attractions
RCBC /CS
$ 5,400
29
15- 0519 -5
5/20/2015
6708 N 128 E Ave
Rausch Coleman
HC /PUD
$ 92,675
1,685
15- 0520 -X
5/26/2015
15512 E 88 St N
Simmons Homes
PPPL /RS3
$ 144,430
2,626
15- 0521 -X
5/26/2015
12802 E 86 St N
Owasso Drug Co.
ECC /CG
$ 50,000
1,400
15- 0522 -C
5/26/2015
12502 E 96 St N
jAcura Neon
ONBO /CS
$ 30,000
105
15- 0523 -S
5/27/2015
15 Single Family
$ 1,908,885
34,707 SgFt
1 Residential Remodel
$ 19,977
150 SgFt
1 Commercial Remodel
$ 50,000
1,400 SgFt
6 Signs
1 $ 85,500
1 426 SgFt
23 Total Building Permits
1 $ 2,064,362
1 36,683 SgFt
City of OwaySo-111 N. Mai. St OwasW, OK 74055
PROJECT STATUS REPORT
City of Owasso Public Works Department
June 3, 2015
• E. 76th Street North Widening (from U.S. Hwyl69 to N. 129th East Avenue)
- In October 2010, the City received notice that INCOG selected the project to
receive federal funding in the amount of $2,090,000 for engineering, right -of -way
and utility relocation costs. A 20% required match will be funded through the
City of Owasso's Capital Improvement Fund.
- In October 2011, the City received notice that INCOG selected the project to
receive federal funding in the amount of $3,470,000 for construction and
administration costs. A 20% required match will be funded through the City of
Owasso's Capital Improvement Fund.
- In February 2012, ODOT officials informed City staff of funds available in the
Federal Surface Transportation Fund for the planning phase of E. 76'h Street North
Widening Project.
- In March, INCOG presented this project to its members for consideration to
receive funding in 2012 for the engineering design. Project was approved by the
Technical Advisory, Transportation Policy Committee, and INCOG Board of
Directors
- Engineering agreement for Poe & Associates, Inc. of Tulsa, Oklahoma and
funding agreement was approved at the May 7, 2013, Council Meeting.
- The engineering design is approximately 60% complete.
- Right -of -way documents have been submitted to ODOT for final review
- ODOT has recently commenced with reviewing the National Environmental
Policy Act (NEPA) document. Staff anticipates approval from ODOT and FHWA
by August 2015.
• Garnett Widening (from E. 96Lh Street North to E. 1061h Street North)
- In November 2012, Council approved an engineering agreement with Dewberry
in the amount of $345,600.
- A Public Meeting for the Garnett Widening project was held June 27, 2013 with
City staff and representatives from PSA Dewberry to receive citizen comments
regarding the design. In October 2013, INCOG presented this project to its
members for consideration to receive federal funding in FY 2017 for the
construction phase. Project was approved by the Technical Advisory and
Transportation Policy Committees.
- On November 12, 2013, the INCOG Board of Directors approved federal funds to
be allocated to this specific project in the year 2017 or sooner, if funding is
available. The City of Owasso will receive $3.2 million in federal funds.
- The engineering design is approximately 80% complete.
- ODOT staff has approved the environmental study.
- The NEPA document is expected to be submitted to FHWA by June Sth 2015. Thus,
the environmental phase is anticipated to be complete by the first week of July
2015.
FY 2014 -2015 Street Rehabilitation Pro rq am
- In August 2014, City Council approved the project priority list.
- Funding in the amount of $1 million is included in the FY 2014 -2015 Capital
Improvements Fund for this project.
- Bid awarded to Becco Construction on March 3m 2015.
- Work has begun on Main St from E 14th St N to E 161h St N (Adjacent to Ator Heights
Elementary and Public Schools Administration Building). Road improvements at
this particular location are scheduled to be complete by July 1st 2015. From
there, the contractor will relocate back to Three Lakes. At this time, the FY 2014-
2015 Street Rehabilitation Project is on schedule to be complete by December
2015.
E. 116h Street North and 129 +h East Ave Intersection Improvement Project
- Tulsa County and City of Owasso have partnered together to fund the
engineering design, utility relocation and construction.
- In August 2014, application for funding for the construction phase of this project
was submitted to INCOG. If funded, the "matching grant" will result in a grant of
80% ODOT funding, 10% Tulsa County funding and 10% City funding.
- In October 2014, INCOG Transportation Technical Advisory Committee and the
Transportation Policy Committee voted to recommend this project as eligible to
receive STP funds. In addition, the INCOG Board of Directors met on Thursday,
November 13th and approved this project to receive federal funds in the amount
of $2,186,000. As a result, federal funds for construction will be available in FY
2018, or sooner, if funding is available.
- Environmental study recently commenced with approval expected in March
2016.
- Engineering design is approximately 60% complete.
- Plan -in -hand meeting held with ODOT and Tulsa County. Minor pay item changes
have been made to the plans to reflect PIH comments.
E. l 16L Street North and N 140th East Ave Signalization Project
- Plans approved by ODOT and City of Owasso
- City of Owasso 20% Funding, Maintenance Agreement and Resolution approved
at January 20, 2015 Council Meeting.
- In February 2015, ODOT advertised this project for bids.
- Bid opening occurred in March 2015.
- Bid Award occurred in April 2015.
- Construction is scheduled to commence in late June with completion in August
2015.
U.S. 169 Highway Widening Project (from E. 56th Street North to E. 66 Street
North)
- In March 2015, ODOT is tentatively scheduled to advertise this project for bids
with bid opening in April. Construction start date will be provided at a later date
by ODOT.
- Project bids were let on March 19, 2015
- Bid award occurred in April, 2015 with construction commencing in July 2015.
Brookfield Crossing Stormwater Improvements
- In October 2014, City Council approved an agreement for engineering services
with Kellogg Engineering.
- Engineering design is approximately 50% complete with final design expected to
be complete in May 2015.
- Staff is currently meeting with neighboring property owners to determine if
drainage easements will be granted for possible improvements.
• E 19'h Street North and Garnett Intersection Improvements
Construction contract was awarded to Darius Construction. Work is scheduled to
commence in April with completion expected to occur by July 2015.
- Demolition is complete and the contractor is now preparing to pour new
concrete at the intersection. E 19 St N is anticipated to be reopened by mid to
late June with final project completion in July 2015.
Transportation Master Plan Study (TMP)
- In September 2013, City Council approved an agreement for engineering
services with Guernsey Engineering.
- Schedule for finishing the plan:
• Present final draft to Council at the regular scheduled Work Session
meeting on June 9, 2015
• Conduct Public Hearing at the regular scheduled Council meeting on
July 7, 2015.
• Request to adopt the TMP by resolution at the regular scheduled
Council meeting on July 21, 2015.
City of Owasso FY 2014 -2015
Monthly 3%
$2,500,000 Sales Tax Com arisons
$2,000,000
'
$1,500,000
$1,000,000
$500,000
$0
Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Year -to -Date 3% Sales Tax Totals
$25;000,000
$20,000,000 -
$15,000,000
$10,000,000
$5,000,000
b-
Jui Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
--o- -- Budget —e —Last Year —�— Actual
City of Owasso
3% Sales Tax Report
Budget to Actual Comparison
June 9, 2015
*Estimated collection on 3% sales tax. Actual breakdown for half -penny not yet available
Total sales tax received in June including new half -penny was $2,324,349.
2014 -2015
2014 -2015
Actual Collections
Budget Projections
Over (Under) Projection
Amount
Percent
Amount
Percent
AmounF
Percent
Jul
$ 1,865,193.66
8.4%
$ 1,870,945.01
8.4%
$ (5,751.35)
-0.3%
Aug
1,820,787.95
8.2%
1,817,102.12
8.2%
3,685.83
0.2%
Sep
1,832,861.33
8.3%
1,787,552.87
8.1%
45,308.46
2.5%
Oct
1,896,450.88
8.5%
1,833,447.25
8.3%
63,003.63
3.4%
Nov
1,808,170.81
8.1%
1,743,972.52
7.9%
64,198.29
3.7%
Dec
1,862,935.76
8.4%
1,835,035.33
8.3%
27,900.43
1.5%
Jan
2,125,525.34
9.6%
2,031,503.38
9.2%
94,021.96
4.6%
Feb
2,004,466.42
9.0%
2,067,623.90
9.3%
(63,157.48)
-3.1%
Mar
1,780,454.17
8.0%
7.6%
90,290.13
5.3%
Apr
1,781,713.47
8.0%
11,690,164.04
1,750,846.41
7.9%
30,867.06
1.8%
May
1,950,585.96
8.8%
1,883,537.30
8.5%
67,048.66
3.6%
Jun*
1,992,298.81
9.0%
1,888,269.87
8.5%
104,028.94
5.5%
Totals
$ 22,721,444.56
102.3%
$ 22,200,000.00_
100.0%
$ 521,444.56
2.3%
*Estimated collection on 3% sales tax. Actual breakdown for half -penny not yet available
Total sales tax received in June including new half -penny was $2,324,349.
City of Owasso
3% Sales Tax Report
Two Year Comparison
June 9, 2015
Note: Fiscal Year 2015 Sates Tax Budget is $22.2 million; FY'14 actual was $21 million.
Fiscal 2014 -2015
Fiscal 2013 -2014
Increase or (Decrease)
Percent
Percent
Amount
of Budget
Amount
of Actual
Amount
Percent
Jul
$ 1,865,193.66
8.4%
$ 1,704,984.63
8.1%
$ 160,209.03
9.4 %a
Aug
1,820,787.95
8.2%
1,678,483.46
8.0%
142,304.49
8.5%
Sep
1,832,861.33
8.3%
1,617,952.06.
7.7%
214,909.27
13.3%
Oct
1,896,450.88
8.5%
1,677,144.73
8.0%
219,306.15
13.1%
Nov
1,808,170.81
8.1%
1,612,339.06
73%
195,831.75
12.1%
Dec
1,862,935.76
8.4%
1,748,989.23
8.3%
113,946.53
6.5%
Jan
2,125,525.34
9.6%
2,073,564.27
9.9%
51,961.07
2.5%
Feb
2,004,466.42
9.0%
1,990,103.51
9.5%
14,362.91
0.7%
Mar
1,780,454.17
8.0%
1,544,058.21
7.3%
236,395.96
15.3%
Apr
1,781,713.47
8.0%
1,696,815.27
8.1%
84,898.20
5.0%
May
1,950,585.96
8.8%
1,813,882.69
8.6%
136,703.27
7.5%
Jun
1,992,298.81
9.0%
1,864,532.80
8.9%
127,766.01
6.9%
Totals
$22,721,444.56
102.3%
$21,022,849.92
100.0%
$ 1,698,594.64
8.1%
Note: Fiscal Year 2015 Sates Tax Budget is $22.2 million; FY'14 actual was $21 million.
City of Owasso
Monthly Sales Tax Revenues
Last Five Fiscal Years
2014 -2015
2013 -2014
2012 -2013
2011 -2012
2010 -2011
2009 -2010
Jul
$ 1,865,193.66
$ 1,704,984.63
$ 1,630,956.50
$ 1,521,672.39
$ 1,485,552.57
$ 1,523,296.22
Aug
1,820,787.95
1,676,483.46
1,521,846.41
1,485,585.66
1,409,806.38
1,457,190.41
Sep
1,832,861.33
1,617,952.06
1,518,488.35
1,485,891.81
1,433,235.57
1,384,785.99
Oct
1,896,450.68
1,677,144.73
1,560,824.24
1,517,700.88
1,467,321.34
1,386,073.05
Nov
1,808,170.81
1,612,339.06
1,447,595.59
1,420,986.61
1,362,551.29
1,222,181.35
Dec
1,862,935.76
1,748,98923
1,605,740.09
1,488,693.19
1,423,010.85
1,481,442.33
Jan
2,125,525.34
2,073,564.27
1,792,033.55
1,655,568.87
1,640,741:37
1,558,964.00
Feb
2,004,466.42
1,990,103.51
1,817,864.08
1,748,279.70
1,675,132.30
1,660,458.42
Mar
1,780,454.17
1,544,058.21
1,500,013.52
1,405,820.76
1,327,302.74
1,283,250.04
Apr
1,781,713.47
1,696,815.27
1,499,708.03
1,454,786.62
1,310,850.43
1,288,894.21
May
1,950,585.96
1,813,882.69
1,629,482.38
1,610,102.97
1,506,255.74
1,506,435.50
Jun'
1,992,298.81
1,864,532.80
1,643,877.95
1,547,918.80
1,487,182.33
1,513,720.24
$ 22,721,444.56
$ 21,022,849.92
$ 19,168,430.69
$ 18,343,008.26
$ 17,528,942.91
$ 17,266,691.76
'Estimated collection on 3% sales tax.
Actual breakdown for half -penny not yet available.
Total sales tax received in June including new half -penny was $2,324,349.
City of Owasso
Monthly Use Tax Revenues
Last Five Fiscal Years
2014 -2015
2013 -2014
2012 -2013
2011 -2012
2010 -2011
Jul
$ 50,297.74
$ 78,704.81
$ 33,564.91
$ 41,490.75
$ 42,547.09
Aug
56,645.90
105,902.83
33,982.54
52,649.70
34,592.96
Sep
61,203.63
69,078.85
47,608.82
53,050.58
42,904.66
Oct
86,146.09
103,682.82
59,327.05
48,434.75
48,534.10
Nov
89,434.02
.64,434.39
50,722.23
43,503.50
42,275.99
Dec
89,481.75
86,423.76
48,320.10
52,051.50
40,466.31
Jan
65,206.37
57,183.06
60,594.21
47,738.06
52,885.66
Feb
110,644.88
75,453.77
78,302.28
55,670.54
54,867.98
Mar
87,044.17
50,120.99
57,199.16
44,139.56
39,200.77
Apr
56,775.81
55,506.56
30,576.98
29,498.59
45,286.77
May
75,895.47
63,673.80
51,093.50
55,835.13
44,615.83
Jun`
98,092.69
42,884.09
75,138,73
41,989.03
33,512.24
$ 926,868.52
$ 853,049.73
$ 626,430.51
$ 566,049.69
$ 521,690.36
Increase
in sales tax rate from 3% to 3.5%