Loading...
HomeMy WebLinkAbout2016.08.11_OEDA Agenda4 a Noticie and agenda filed in, the off: ice of the City Clerk and, posted on the Cl ty Hall, 200 S Main (west entrance) at 5:00 PM on Tuesday, August 9, 201 Chelsea M.E., Levo, Economic Development Director 11. Call to Order Mr,. Charney., Chair 2. Consideration and appropriate action relating to a request for, Trustee approval of 'the Consent Agenda. All matters 1*1 1 sted under "Consent IN are considered by the, Trustees to, be routine and wil! be enacted 'by one motion. Any Trustee may, howeveir,' remove an item frorn, the Consent Agenda by request., A motion, to adopt the Consent Agenda 'i's non- debatable. A. Approval of m1nutes of the July 14, 2016 regular me�eting Attar rt B. Approval of claims Attachment C. Acceptance of the monthty financial reports Attach,ment liq Will P pil plill 1111 1 14 no Toro [go 11111311 4, Discussion, relating to TaX Increment Financing (,TIF) District: Ms. Levo Attachite-st f 6. Report from OEDA Managef Mr. Lehr MEETING OF THE OWASSO ECONOMIC DEVELOPMENT AUTHORITY MINUTES OF MEETING Thursday, July 14, 2016 The Owasso Economic Development Authority met in regular session on Thursday, July 14, 2016 in the Lower Level Conference Room at City Hall, 1 1 1 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, July 12, 2016. ITEM 1: CALL TO ORDER & ROLL CALL Secretary Gary Akin called the meeting to order at 10:00 AM. PRESENT Gary Akin, Secretary David Charney, Trustee Jeri Moberly, Trustee Dirk Thomas, Trustee Bryan Spriggs, Trustee A quorum was declared present. ITEM 2: ELECTION OF CHAIRMAN ABSENT Dee Sokolosky, Chair Skip Medford, Trustee Mr. Akin moved, seconded by Ms. Moberly, to nominate David Charney as Chairman. AYE: Akin, Charney, Moberly, Spriggs, Thomas, NAY: None ABSTAIN: None Motion carried 5 -0. ITEM 3: ELECTION OF VICE CHAIRMAN Dr. Thomas moved, seconded by Ms. Moberly, to nominate Bryan Spriggs as Vice Chairman. AYE: Akin, Charney, Moberly, Spriggs, Thomas, NAY: None ABSTAIN: None Motion carried 5 -0. ITEM 4: ELECTION OF SECRETARY Mr. Charney moved, seconded by Dr. Spriggs, to nominate Gary Akin as Secretary. AYE: Akin, Charney, Moberly, Spriggs, Thomas, NAY: None ABSTAIN: None Motion carried 5 -0. ITEM 5: CONSIDERATION AND APPROPRIATE ACTION RELATING TO A REQUEST FOR TRUSTEE APPROVAL OF THE OEDA CONSENT AGENDA A. Approval of minutes of the June 9, 2016 Regular Meeting B. Approval of claims C. Acceptance of the monthly financial reports Dr. Thomas moved to approve the consent agenda, seconded by Ms. Moberly. AYE: Akin, Charney, Moberly, Spriggs NAY: None ABSTAI N: Thomas Motion carried 4 -1. ITEM 6: CONSIDERATION AND APPROPRIATE ACTION RELATING TO ITEMS REMOVED FROM THE CONSENT AGENDA No action required ITEM 7: REPORT FROM OEDA DIRECTOR Chelsea Levo reviewed the Director's Report. Bronce Stephenson presented the Monthly Building Report for June; Roger Stevens presented the Public Works project status report; and Linda Jones provided the monthly sales tax report. Discussion was held. ITEM 8: REPORT FROM OEDA MANAGER No Report. ITEM 6: REPORT FROM OEDA TRUSTEES Mr. Akin discussed the Chamber of Commerce One Voice Agenda and the anticipated expansion of National Steak and Poultry. Dr. Thomas moved to adjourn the meeting, seconded by Dr. Spriggs. AYE: Akin, Charney, Moberly, Spriggs, Thomas, NAY: None ABSTAIN: None Motion carried 5 -0. The meeting adjourned at 10:57 AM. Juliann Stevens, Minute Clerk I TO: THE HONORABLE CHAIR AND TRUSTEES OWASSO ECONOMIC DEVELOPMENT AUTHORITY FROM: CHELSEA M.E. LEVO ECONOMIC DEVELOPMENT DIRECTOR SUBJECT: CLAIMS, OEDA DATE: August 11, 2016 No claims for July 2016. Owasso Economic Development Authority Statement of Revenues, Expenses and Changes in Fund Net Assets For the Month Ending July 31, 2016 Operating Revenues Operating Expenses: Materials & supplies Services & other charges Capital outlay Total Operating Expenses Operating Income (Loss) Non-Operating Revenues (Expenses): Investment income Promissory note revenue RAC! debt service & other costs Transfer from Motel Tax Fund Total non - operating revenues (expenses) Net income (loss) before contributions and transfers Transfer to general fund Change in net assets Total net assets - beginning Total net assets - ending MTD YTD Bud et $0.00 $0.00 $0.00 0.00 0.00 0.00 0.00 0.00 6,000.00 0.00 0.00 0.00 0.00 0.00 - 6, 000.00 0.00 0.00 (51000-00) 0.69 0.69 8.00 0.00 0.00 0.00 6.66 0.00 0.00 0.00 0.00 0.00 0,69 0.69 $8.00 0.69 0.69 (41992.00 0.60 0.00 0.00 0.69 0.69 (42992.00) 9,079.01 9;0 79.01 $9,079.70 $41087.01 Awk The Ci'ty Wit i out TO: The Honorable Mayor and City Council City of Owasso FROM: Bronce L. Stephenson, MPA, Director of Community Development Julie Trout Lombardi, City Attorney Chelsea M.E. Levo, Director of Economic Development SUBJECT: Presentation and Discussion of a Tax Increment Financing (TIF) District with Center for Economic Development Law DATE: August 5, 2016 BACKGROUND: The City of Owasso 's roots are firmly set in the downtown area around Main Street as this was where the City began around the rail depot. As this City has grown, developed and sprawled away from its core, the downtown area has seen little reinvestment and has been somewhat of a forgotten area anchored only by public services and light commercial activity. A downtown is the heart of a City and across the State of Oklahoma and the Country, Americans have been re- discovering and redeveloping their downtowns. The City of Owasso and its citizens have long seen a desire to redevelop the Main Street area as evidenced by the Downtown Master Plan that was developed in 2001. This Master Plan was the result of hundreds of hours of input from staff, the community and elected officials. Unfortunately, not much came out of this plan. The City saw the creation of the Quality of Life Plan in 2011, which involved citizens designing their ideal Owasso. Much of the input from this document discussed the redevelopment of the downtown area and creating that "special place" that Owasso was missing. In 2013, the City finished the GrOwasso 2030 Land Use Master Plan, which took a great deal of input from Owasso is citizens. Again, the direction was that this community wanted to redevelop and enhance Owasso's downtown. The document called for a downtown development district to create development standards that would create a special place in Owasso. On the heels of the Growasso Plan, Community Development staff created a Downtown Overlay District, which was reviewed and approved by the Planning Commission and City Council. The Downtown Overlay District created special requirements for development in the area, restricted incompatible uses, removed costly development standards and set the table for redevelopment of the area. The Overlay was a way to show potential developers that Owasso was serious about the redevelopment of the downtown and set a new standard for quality development. The issue of Downtown redevelopment was the topic of the 2015 Owasso Economic Summit. Staff, along with guests from other successful communities, presented on the vision and how to successfully transform downtown areas. One of the key takeaways is that downtown areas do not see success without public - private partnerships to create opportunities for new development. These partnerships allow new development to be successful in areas where they would otherwise fail. After the Economic Summit, multiple investors approached staff wanting to be a part of downtown's redevelopment, but were faced with the daunting reality of investing new development dollars into an area that had not seen any public or private dollars invested in years. Since the summit, staff has had multiple opportunities to speak to citizen, business and civic groups about Owasso's downtown, with great public support and interest. Staff worked with the community and stakeholders to develop a brand for the redevelopment of downtown, with the Redbud District as the chosen name. By letting the community help to name and choose the logo, interest in the redevelopment of downtown is more popular than ever. CENTER FOR ECONOMIC DEVELOPMENT LAW: Recently, Economic Development Director Chelsea Levo, Community Development Director Bronce Stephenson, Assistant City Manager Sherry Bishop and City Attorney Julie Lombardi met with the Center for Economic Development Law (CEDL) of Oklahoma City to discuss utilizing their services and expertise of incentive districts for the development of downtown Owasso. As Owasso's Redbud District is on the cusp of redevelopment, the creation of an incentive district increases options for making the downtown revitalization a success. Tax Increment Financing (TIF) Districts have been successfully utilized in transforming areas such as El Reno, Ardmore, Norman, Lawton, Enid, Midwest City, Oklahoma City, Tulsa, Broken Arrow and numerous other communities across the state. An engagement letter with the CEDL was approved by the City Council. Representatives of the firm will attend the City Council work session to discuss downtown redevelopment and the concept of a Tax Increment Financing (TIF) District. uuml 1 CENTE,R FO',11R,',11ECO 11 I ummm V Vw 11 olWl I U�' olmp Imi m 111 lu'u PIMEIIII,N nu T umV uu D� 0 ill IVIVI I Iu1 IIVI(Illlllllllw uuul 1V lu' uu uuul All`W OKLAHOMA CITY, .. fir ... ... ..... .. 73102-342] _ ...... TONE (40x) 4606 FAX (405) 232-50-1 0 .ec W M. T. ei. -v r for m Ecanami.c De - -, �s . . team.. .. s . iPresident, I � m Batchelaiir, and is supparted. by Cha,Jt lirrnan. Dan Batclhelor, w Iwo iir . iir � m i.. w . giro and. Lisa....H.A.rden, Attorney,jeff Sabin, i .. . e..... . - . o... .. C.McMurry. . e legal teem is g,. e assi.stants and. sup.port sty CENTER FOR ECONOMIC DEVELOPMENT LAW, PLLC ATTORNEY BIOGRAPHIES DAN BATCHELOR brings forty years of experience to the creation of legal and financial strategies that enable communities to execute development projects, especially those involving both private and public sectors. As general counsel of the Oklahoma City Urban Renewal Authority since 1966, Dan has provided legal guidance for more than $1 billion in the development and expansion of downtown Oklahoma City and the Oklahoma Health Center. He has been instrumental in developing legal and financial strategies for development of the Presbyterian Health Foundation Research Park (now the OU BioTech Research Park). His education and related credits include: a BS degree with honors, Southeastern Oklahoma State University, 195 8; University of Oklahoma College of Law, 1961; President of the American Law Student Association (designated Outstanding Officer for the years 1956 -61); Board of Editors, Oklahoma Law Review; Order of the Coif; Outstanding Graduating Law Student of 1961; named Law Graduate of the Year 1961 by the Phi Delta Phi International Legal Fraternity; and member of Oklahoma's national moot court team which won first place in the region and second place in the nation in both 1959 and 1960. Dan currently serves as a Director of FNB Financial Services, Inc., the holding company for The First National Bank in Durant and First Texoma Bank in Sherman, Texas; secretary- treasurer and board member for the Native American Cultural and Educational Authority, a state agency; and board member of A Chance to Change Foundation, a private, non - profit service organization. LESLIE V. BATCHELOR is president of the firm and manages a wide variety of redevelopment, financing, and litigation matters. Leslie's practice encompasses local government law and public - private development projects of all types and sizes. She is nationally recognized for her expertise in public - private partnerships, tax increment financing techniques, and other redevelopment and strategies. Representative projects include the restoration and reopening of the historic Skirvin Hotel, creation of the Dell Business Center on a former brownfield along the Oklahoma River, and formulation of Oklahoma City's Core to Shore Urban Renewal Plan. Leslie is an experienced litigator. She represents public entities in claims arising from financing and development activities. She defends taxpayer and qui tam actions, and litigates claims involving land use and eminent domain. Leslie serves as the City Attorney for the City of The Village and as development counsel to several local development authorities, including the Yukon Economic Development Authority. Prior to founding the Center for Economic Development Law with her father, Dan Batchelor, Leslie served in the U.S. Department of Justice as Deputy Associate Attorney General, Counsel to Attorney General Janet Reno, and Counselor to the Assistant Attorney General for the Civil Division. Before joining the Justice Department, Leslie was an associate at McAfee & Taft, where she concentrated on civil litigation. She served as a law clerk to the Honorable William J. Holloway, Jr., of the United States Court of Appeals for the Tenth Circuit. Leslie received her undergraduate degree magna cum laude from Brown University and her Master's and law degrees from the University of Virginia, where she was an instructor in philosophy and a teaching assistant in legal research and writing. An active community volunteer, Leslie has served in leadership roles in a number of professional and community organizations, including Chair of the Urban Land Institute - Oklahoma, president of Historical Preservation, Inc., president of the Oklahoma County Bar Foundation, and president of Oklahoma City Housing Services Redevelopment Corporation (Positively Paseo!). She also serves on the Board of i2E, the Board of Visitors for the Honors College at the University of Oklahoma, and the Ralph Ellison Foundation. She is married to Scott E. Williams, a federal prosecutor, and is the mother of twin girls. EMILY K. POMEROY serves as development counsel to cities, towns, and other public entities, to assist them in the strategic, procedural, and financing aspects of their redevelopment endeavors. Her transactional practice focuses on the adoption and implementation by governmental entities of public - private redevelopment projects of all types and sizes. Her litigation practice consists of representing the firm's regular clients, including the Oklahoma City Urban Renewal Authority, when litigation arises from economic development projects, redevelopment activities, or land acquisition. Emily joined the firm in 2003 after completing her legal education at the University of Oklahoma. During one semester of law school, she served as law clerk to the Senior Attorney of the Special Projects Group of the Environmental Enforcement Section of the Environment and Natural Resources Division at the U.S. Department of Justice. She received her undergraduate degree from Bucknell University in Lewisburg, Pennsylvania. She graduated magna cum laude, with recognition, including Phi Beta Kappa, Omicron Delta Kappa National Leadership Honor Society, and the Charles F. White Memorial Award for Excellence in Academics and Athletics. Emily was born in Oklahoma City and attended Casady School, where she graduated magna cum laude in 1995. Emily is a member of the Oklahoma County Bar Association, the Oklahoma Bar Association, and the American Bar Association. Emily is an active community volunteer, serving as an officer of the Legal Assistant Services Committee of the Oklahoma Bar Association, a member and former president of the Oklahoma City Housing Services Redevelopment Corporation, an executive officer and former president of the Phi Beta Kappa Association of Oklahoma City, and a member of the Urban Land Institute. ll, rs, commercial agreements; handling agreements. LISA HARDEN is a real estate and business transaction attorney who has extensive experience in a broad range of commercial transactions in all phases of real estate sales and acquisitions, exchanges, construction and development, financing and refinancing, commercial leasing and real estate management. Prior to joining the firm, Lisa served as the General Counsel for an upscale golf community and country club between 2005 and 2012, where she provided legal advice and representation on all business, corporate, development, organizational, operational, contractual, financial, and employment matters, including: negotiating and closing all real estate purchases and sales; addressing title, survey, and zoning issues; project design and development, land use planning; platting; marketing; preparation and negotiation of development, engineering, architectural and construction contracts, easements, equipment leases, office leases, vendor, supplier, entertainment, outsourcing, marketing, and other various membership matters; and writing membership Before serving as General Counsel to the golf community and country club, Lisa was an associate at Phillips, McFall, McCaffrey, McVay & Murrah, P.C. where she represented owners, operators, managers, developers, brokers, sellers, purchasers, landlords and tenants in all phases of commercial real estate and business transactions. Lisa earned her Juris Doctorate, cum laude, from the Oklahoma City University School of Law, and her degree of Bachelor of Arts in Letters from the University of Oklahoma. Born in Chickasha, Oklahoma, Lisa lives in Oklahoma City with her husband, Larry, and their two young children. JEFF SABIN's practice focuses primarily on real estate development and land use issues. He began working for the firm as an intern in 2012 while working to complete his law degree at Oklahoma City University School of Law, where he was the recipient of a prestigious, full - tuition Dean's Scholarship. While in law school, Jeff served as a member of the Oklahoma City University Law Review and as a research assistant for Assistant Professor Celeste Pagano. He also received CALI Excellence for the Future Awards in Legal Research and Writing, Evidence, Land Use, Oklahoma Land Titles, Tribal Law, and Commercial Paper. He received his J.D. magna cum laude and a Certificate in Real Estate Practice from OCU Law in 2014, and at graduation was awarded the Excellence in Real Property Law Award by the Oklahoma City Real Property Lawyers Association. Prior to law school, Jeff received a B.A. in Geography, with distinction, from the University of Oklahoma and spent over four years as a city planner for the City of Hutto, Texas, a high- growth suburb of Austin, Texas. During his time as a city planner, Jeff participated in the development of an award - winning downtown revitalization plan for Hutto and oversaw the comprehensive rewrite of the City's development ordinances into a unified development code. He also served as a development case manager, assisting developers navigate the city's regulations and approvals process. Jeff is a member of the Oklahoma Bar Association, American Bar Association, the American Planning Association, and the Urban Land Institute. Awk The Ci'ty Wit i out TO: HONORABLE CHAIR & TRUSTEES OWASSO ECONOMIC DEVELOPMENT AUTHORITY FROM: CHELSEA M.E. LEVO DIRECTOR OF ECONOMIC DEVELOPMENT SUBJECT: DIRECTOR'S REPORT DATE: August 11, 2016 NEW BUSINESS DEVELOPMENT Zaxby's Chicken -- 12807 E 86th St N o Under construction • Amber Crossing - 11413 E 96th St N o One vacant 1,500 sf space available for lease • Fairway Market II - 9538 N Garnett Rd o One vacant 1,900 sf space available for lease • LaQuinta Inn - 8949 N Garnett Rd o Under construction • Braum's - location on north side of E 96th St near the Garnett intersection o Open for business • Braum's - 11503 E 76th St N • Tear down and rebuild of existing store to begin after construction of new E 96th St N & N Garnett Rd store • Site under construction • Dusty's Grill and Cantina - 7708 N Owasso Expressway • New Mexican restaurant in former Blondie's Pizza location • Open for business • PYs Pub and Grille - 9500 N 129th E Ave • Former Compadres location • Open for business • Smith Farm Market -- 9018 N 121St E Ave #500 • Vacant 10,820 sf space • Formerly Pier 1, closed on February 24 • Wheels & Thrills - NE Corner of E 106th St N and N Garnett Rd • New skating rink • Site plan was approved last year • Plans under review • Eastern OK Oral Surgery Center- 12802 E 101st PI N o Site under construction • Ator Center II - 8700 Block of N Garnett Rd 0 Replatted to create buildable lots to be marketed for commercial development • Owasso Industrial Park • Two new concept buildings to be constructed by OLT • One about 10,500 sf • One about 4,500 sf • Site under construction REDBUD DISTRICT DEVELOPMENT • Fritz Development - NE Corner of 3rd St & Birch • Duplex developed on existing lot • Construction nearing completion • Mowery Development - SW Corner of N Main St & W 1 St Ave 0 Construction beginning soon of new buildings, to include restaurant, retail, office space on ground level with loft apartments on second floor level • Coulter Development - SE Corner of Main St & E 76th St N • Property has been purchased and is now in the design phase • Announcements coming soon BUSINESS RETENTION & EXPANSION (BR &E) • Bailey Medical Center, Bariatrics Unit - 10512 N 1 l 0th E Ave • Interior remodel and addition to the existing building • Project completed • Rejoice Christian Campus - 10701 N 129th E Ave • Phase II construction is underway • Building Permits have been issued for the Support Facility and Concession /Locker Room for Rejoice High School • Project completed • First Christian Church - 10100 N Garnett Rd • Addition to building - 13,145 sq ft addition. • Project completed • Panera Bread -- 12417 E 96th St N • Filed for a building permit to add a drive -thru window • The menu board will be on the east side of the building and the service /point of contact window will be on the back north wall of building • Charity Auto Sales - 8884 N Garnett Rd • Relocating to E 1 16th St N • Plans under review • Owasso Public Schools - Mary Glass Performing Arts Center 0 Remodel of current space ANNOUNCEMENTS & NEW JOBS CREATED • In late June, six members of the Williams Cos. board resigned following a failed attempt to oust Williams CEO Alan Armstrong. The events followed one day after Dallas -based Energy Transfer Equity (ETE) announced it was walking away from an attempted merger with Williams. Following these resignations, Williams, their president and CEO, and their remaining board of directors now appear to be totally aligned, giving the company the best opportunity for future success. Williams has a long, rich history headquartered in Tulsa, and is one of the region's most successful corporate citizens, employing nearly 900 people locally. A merger between Williams and ETE would have had devastating consequences to the entire state of Oklahoma, particularly Tulsa and Oklahoma City, as ETE had disclosed plans to remove a substantial presence of high - paying jobs from Oklahoma if the merger were finalized. • Five tax incremental financing districts adjoining Tulsa International Airport were approved in late June by the Tulsa County Commission. The land involved totals 3,067 acres, and is owned by the city and leased to the Tulsa Airports Improvement Trust. Officials say proceeds from the district could amount to nearly $100 million over 20 years. That money will be used for infrastructure improvements to attract businesses to the underutilized tracts surrounding the airport. • Macy's has begun seasonal hiring for the fall season. Current employment (not including seasonal hires) are: • Fulltime Operations - 616 • Part Time Operations - 627 • Support: Fin ance /HR /Maint. /Safety /Security /Training - 75 • Managers /Directors /VPs - 49 • Total headcount - 1367 Business Attraction Requests received: 2 Proposals submitted: 0 MARKETING ACTIVITY • Tour of Advanced Plastics, July 21, 2016 o Staff toured Advanced Plastics, Inc. on Thursday, July 21. Scott Shortess discussed the company's growth and plans for future expansion. The Advanced Plastics Companies have been providing precision machined plastic and metal components since 1979. They provide a wide range of engineered plastics in stock shapes as well as custom machining and fabricating services. Advanced Plastics specializes in production & MRO component items for a wide range of industries. • Aerospace • Military • Oil and Gas • Sports and Leisure • Electronic Components • Food Processing • Material Processing Industries • OML Community Leadership Development Class, August 5, 2016 o Ms. Levo spoke about Owasso's approach to economic development to the current CLD Class on Friday, August 5 in Tahlequah, OK. SCHEDULED EVENTS & ACTIVITY • Tra.ject Brand Council Meeting, Wednesday, August 10, 2016 • Advanced Machining & Fabricating tour with OSU IT, Tuesday, August 16, 2016 • Tulsa Resiliency Roundtables, Tuesday, Tulsa, OK, August 23, 2016 • Tulsa's Future Regional Partnership Meeting, August 25, 2016, location TBA Regular Meeting of the OEDA, 10:00 AM, Thursday, September 8, 2016 RESIDENTIAL SINGLE FAMILY NEW CONSTRUCTION MONTH END REPORT JULY 2016 Month 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 1 January 13 25 15 17 18 19 15 22 12 15 2 February 14 19 23 29 17 15 26 21 19 26 3 March 25 35 30 46 14 27 27 31 23 18 4 April 30 31 36 31 19 26 26 36 27 23 5 May 60 23 27 30 20 23 19 17 15 9 6 June 27 21 34 23 19 24 19 12 11 31 7 July 23 24 28 17 20 15 27 23 20 16 8 August 27 18 28 19 12 15 18 19 33 0 9 September 17 40 20 11 12 12 28 15 13 0 10 October 31 15 36 13 10 21 15 19 23 0 11 November 26 10 13 1 8 11 7 21 25 0 12 December 8 6 13 9 10 16 11 34 7 0 Totals 301 267 303 246 179 224 238 270 228 138 YTD 192 178 193 193 127 149 159 162 127 138 JULY YEAR -TO -DATE COUNT 250 200 --------------------------------------------------------------------------------------------------------------------------- - - - - -- 150 -- - - - - -- - - - - -- - - - - -- -------------- - - - - -- - - - - - -- - - - - - -- ----------------------- - - - - -- 100 -- - - - - -- - - - - -- - - - - -- - - - - - -- - - - - - -- - - - - - -- - - - - - -- - - - - - -- - - - - - -- - -- 0 Ell""I'l""I'll",'ll""I'll,'ll""I'llI NM ........................................... Elm ............................................ 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 JULY 192 178 193 193 127 149 159 162 127 138 JULY YEAR -TO -DATE DOLLARS 25,000,000 20,000,000 -------------------------------- -------- - - - - -- ----------------------------------------------------------- 15,000,000 - - - - -- -------- - - - - -- -------- - - - - -- -------- - - - - -- --------- - - - - -- -- - - - - -- 10,000,000 - - - - -- -------- - - - - -- -------- - - - - -- -------- - - - - -- --------- - - - - -- -- - - - - -- 5,000,000 - - - - -- -------- - - - - -- -------- - - - - -- -------- - - - - -- --------- - - - - -- -- - - - - -- 0 .............................................. ............................... ........................................................... ............................... ........................................................... ............................... ........................................................... ............................... 2012 2013 2014 2015 2016 ................................................................................................................................................................................................................................................................ JULY 18,304,891 21,885,995 22,524,625 16,428,105 18,194,530 TOTAL NEW CONSTRUCTION DOLLARS FOR EACH YEAR 60,000,000 45,000,000 ------------------------------------------------------------------------------ - - - - -- --------------------------------- 30,000,000 -------------------------- - - - - -- -------- - - - - -- --------- - - - - -- --------------------------------- 15,000,000 - - - - -- -------- - - - - -- -------- - - - - -- --------- - - - - -- --------- - - - - -- - - - - - -- 2012 2013 2014 2015 2016 TOTAL 28,308,306 32,426,395 36,257,454 46,969,251 18,194,530 RESIDENTIAL MULTI - FAMILY NEW CONSTRUCTION MONTH END REPORT JULY 2016 (Initial recording bean May 2016 Month 2016 201 2018 2019 20 0 2021 20 2 2023 2024 2025 1 January 2 February 3 March 4 April 5 May 0 6 June 0 7 July 0 8 August 9 September 10 October 11 November 12 December Totals 0 0 0 0 0 0 0 0 0 0 YT D 0 0 0 0 0 0 0 0 0 0 JULY YEAR -TO -DATE COUNT 4 0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 JULY 0 0 0 0 0 0 0 0 0 0 JULY YEAR -TO -DATE DOLLARS 500,000 0 .............................................. "I'l""I'll""I'll'll""I'l'll""I'll""I'll",'ll""I'll""I'll",ll,'ll""I'll""I'll",'ll""I"ll""I'll""I'll",'ll""I'll""I'll",ll,'ll""I'll""I'll",'ll""I"ll""I'll""I'll",'ll""I'll""I'll",ll,'ll""I'll""I'll",'llI ............................................... 2016 2017 2018 2019 2020 .................................................................................................................................................................................................................................................................................................................... JULY 0 0 0 0 0 TOTAL NEW CONSTRUCTION DOLLARS FOR EACH YEAR 15,000,000 .................................................................. "I'l""I'll""I'll'll""I'll""I'll",'ll""I'll""I'll",ll,'ll""I'l'll""I'll""I'll",'ll""I'll""I'll",'ll""I'll""I'll",,,'ll""I'l'll""I'll""I'll",'ll""I'll""I'll",'ll""I'll""I'll",,,'ll""I'l'll""I'll""I'll","I ............................................... "I'l""I'll""I'll'll""I"ll""I'll""I'll",'ll""I'll""I'll",'ll,'ll""I'll""I'll",'ll""I'll""I'll""I'll",'ll""I'll""I'll",'ll,'ll""I'll""I'll",'ll""I'll""I'll""I'll",'ll""I'll""I'll",'ll,'ll""I'll""I'llI .................................................... 2016 2017 2018 2019 2020 .............................................................. ............... CITY OF OWASSO RESIDENTIAL LOT INVENTORY STATUS July 31, 2016 SUBDIVISION Burberry Place (6/09) Camelot Estates (4/07) Carrington Pointe I (1/11) Carrington Pointe I Extended (10/15) 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 Hickory Creek II Honey Creek (4/02) Keys Landing I (3/08) Lake Valley IV (5/10) Lake Valley V (9/30) Lake Valley V Phase 2 Lake Valley V Phase 3 Lakes at Bailey Ranch (10/07) Maple Glen (12/08) Maple Glen II (1/11) Maple Glen III (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 III (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 89 139 171 15 66 45 61 37 101 71 42 85 24 50 23 202 131 114 78 82 71 235 98 93 43 92 20 44 58 93 272 147 84 96 31 40 3143 # DEVELOPED # AVAILABLE 87 2 115 24 166 5 13 2 31 35 34 11 58 3 36 1 93 8 66 5 41 1 84 1 23 1 49 1 25 -2 198 4 121 10 112 2 72 6 63 19 46 25 232 3 98 0 93 0 43 0 90 2 18 2 43 1 15 43 87 6 243 29 144 3 82 2 94 2 27 4 31 9 2873 270 Watercolours (12/02) The Summit at Southern Links (6/97) Sawgrass Park II (04/05) Remington Park II (11/04) Preston Lakes III (10/04) Preston Lakes (12/00) Park Place at Preston Lakes Nottingham Hill (6/09) Nottingham Estates V (3/01) Nottingham Estates IV (8/01) Maple Glen IV (6/2/14) Maple Glen III (5/13) Maple Glen II (1/11) Maple Glen (12/08) Lakes at Bailey Ranch (10/07) Lake Valley V Phase 3 Lake Valley V Phase 2 Lake Valley V (9/30) Lake Valley IV (5/10) Keys Landing 1(3/08) Honey Creek (4/02) Hickory Creek II Hickory Creek Falls at Garrett Creek Amended (12/05) Falls at Garrett Creek (12/05) Fairways VI (12/00) Fairways V (8/99) Crescent Ridge (02/08) Country Estates VI (11/03) Country Estates III (3/99) Champions West (5/08) Champions East (05/08) Carrington Pointe I Extended (10/15) Carrington Pointe 1 (1/11) Camelot Estates (4/07) Burberry Place (6/09) CITY OF OWASSO Residential Lot Inventory Status 0 50 100 150 200 250 300 ■ Lots Developed 13Total Lots COMMERCIAL NEW CONSTRUCTION MONTH END REPORT JULY 2016 Month 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 1 January 4 4 1 1 3 1 1 1 1 2 2 February 3 2 0 1 3 1 1 0 2 1 3 March 2 0 1 3 0 0 0 1 2 0 4 April 0 4 1 1 1 0 4 0 2 0 5 May 1 1 2 1 2 1 0 0 0 0 6 June 1 1 2 0 0 2 1 2 3 2 7 July 0 1 0 0 0 0 1 0 0 2 8 August 3 1 0 0 2 2 0 0 0 0 9 September 28 3 0 0 0 0 0 3 2 0 10 October 4 1 0 0 1 0 4 0 1 0 11 November 1 1 2 2 1 0 1 3 1 0 12 December 1 1 0 1 0 0 1 2 0 0 Totals 48 20 9 10 13 7 14 12 14 7 YT D 11 13 7 7 9 5 8 4 10 7 JULY YEAR -TO -DATE COUNT JULY YEAR -TO -DATE DOLLARS 30,000,000 25,000,000 ----------------------------------------------------------------------------- - - - - -- --------------------------- 20,000,000 ----------------------------------------------------------------------------- - - - - -- --------------------------- 15,000,000 ----------------------------------------------------------------------------- - - - - -- --------------------------- 10,000,000 ----------------------------------------------------------------------------- 5,000,000 - - - - -- -------- - - - - -- ---------------------------------- - - - - -- - - - - -- --------------------------- --------- - - - - -- IN .- 2012 2013 2014 2015 2016 JULY 9,301,000 4,845,140 4,585,000 28,070,000 7,815,000 OCCUPANCY PERMITS NAME ADDRESS DATE COMPLETE JULY 2016 First Church 10100 N Garnett Rd 7/15/2016 Yes Dusty's Grill & Cantina 7708 N Owasso Exp 7/5/2016 Yes SansPark Foot Massage 12500 E 86 St N #105A 7/5/2016 Yes PJ Bar & Grill 9500 N 129 E Ave #130 7/1/2016 Yes JUNE 2016 9538 N Garnett Rd #102 12/31/2015 Yes Starbucks 13506 E 116 St N 6/6/2016 Yes B ra u m's 11415 E 96 St N 6/9/2016 Yes The Emerald Academy 11111 N 116 St N 6/13/2016 Yes Owasso Auto Source 300 W 2 Ave 6/16/2016 Yes Folds of Honor 8551 N 125 E Ave, Suite 100 6/17/2016 Yes MAY 2016 12555 E 86 St N 11/18/2015 Yes Serenity Nails 9500 N 129 E Ave 5/23/2016 Yes APRIL 2016 11760 E 86 St N 10/12/2015 Yes Starbucks 9035 N 121 E Ave 4/1/2016 Yes Red Robin 9017 N 121 E Ave 4/4/2016 Yes Capelli Salon 12300 E 86 St N 4/8/2016 Yes MARCH 2016 10701 N 129 E Ave 10/26/2015 Yes Owasso Laundromat Facility 12802 E 86 PI N 3/11/2016 Yes Owasso Express Laundry Center 9700 North Garnett Road 3/22/2016 Yes FEBRUARY 2016 9263 N Owasso Exp 10/3/2015 Yes Butcher Bros. Meats 13720 E 86 St N #160 2/8/2016 Yes JANUARY 2016 Liquids 11413 E 96 St N #300 1/25/2016 Yes DECEMBER 2015 Firehouse Subs 9538 N Garnett Rd #101 12/3/2015 Yes 76th Street Professional Plaza 12899 E 76 St N #106 12/8/2015 Yes Genscripts Pharamacy 9538 N Garnett Rd #102 12/31/2015 Yes NOVEMBER 2015 Adaline 11413 E 96 St N #100 11/19/2015 Yes Oxford Owasso Memory Care 11113 E 103 St N 11/25/2015 Yes Titan Black 403 W 2 Ave #101 11/6/2015 Yes MJ Executive Management 14601 E 88 PI N 11/5/2015 Yes SAHO Animal Hospital 12555 E 86 St N 11/18/2015 Yes OCTOBER 2015 MedExpress 11760 E 86 St N 10/12/2015 Yes Walmart Neighborhood Market 11551 N 129 E Ave 10/14/2015 Yes Ohana Arts 13720 E 86 St N #150 10/15/2015 Yes Alter -You Tailoring 8505 N 121 E Ave 10/16/2015 Yes Rejoice Elementary School 10701 N 129 E Ave 10/26/2015 Yes SEPTEMBER 2015 Arby's Roast Beef Restaurant 11500 N 140 E Ave 9/8/2015 Yes Buffalo Wild Wings 9263 N Owasso Exp 10/3/2015 Yes PERMITS APPLIED FOR IN JULY 2016 ADDRESS BUILDER ADD /ZONE VALUE I A.S.F. EPE:IRMIT# 12016E 109 PIN Simmons Homes MGIV /RS3 $ 105,160 1,912 16- 0701 -X 14605E 144 St N Capital Homes LVV3 /RS3 $ 124,465 21263 16- 0702 -X 12812E 67 PIN Rausch Coleman HCII /RS3 $ 117,975 21145 16- 0703 -X 12815E 67 PIN Rausch Coleman HCII /RS3 $ 102,355 1,861 16- 0704 -X 12500E 86 St N A -Max Signs 86thOC /CG $ 2,500 26 16- 0705 -5 12910E 86 STN Cowen Construction ROCO /CS $ 1,200,000 2,380 16- 0706 -C 10920 N 108 E Ave Meadows Building MC /RS3 $ 11,125 900 16- 0707 -X 15524E 87 St N Simmons Homes PPPL /RS3 $ 153,285 2,787 16- 0708 -X 9200 N 98 E Ct Baker Pools FVI /RS3 $ 28,000 388 16- 0709 -P 12500E 86 St N #102 Sign World of Tulsa ECCC /CG $ 3,000 28 16- 0710 -S 9056 N 121 E Ave Acura Neon SF /CS $ 7,500 55 16- 0711 -5 11303 N 147 E PI Simmons Homes LVV3 /RS3 $ 133,265 21#423 16- 0712 -X 10406 N 118 E Ave Mark Rowe SPatBR /RS3 $ 20,000 600 16- 0713 -X 10736 N 153 E Ave W6 LVIII /RS3 $ 10,000 192 16- 0714 -X 7705 N 142 E Ave Executive Homes TCW /RS3 $ 155,705 2,831 16- 0715 -X 7806 N 142 E Ave Executive Homes TCW /RS3 $ 178,200 3,240 16- 0716 -X 11107 N 148 E Ave Capital Homes LVVPHI /RS3 $ 111,265 1,023 16- 0717 -X 14100E 92 St N Strategic Builders CE /RS3 $ 194,920 3,544 16- 0718 -X 14105E 91 St N Strategic Builders CE /RS3 $ 205,920 3,744 16- 0719 -X 12209E 80 PIN Boyd Smith ECE /RS3 $ 15,000 288 16- 0720 -X 14707E 114 St N Simmons Homes LVV3 /RS3 $ 105,710 1,922 16- 0721 -X 14610E 114 St N Simmons Homes LVV3 /RS3 $ 111,430 2,026 16- 0722 -X 12019E 110 Ct N Simmons Homes LVV3 /RS3 $ 100,815 1,833 16- 0723 -X 1500 N Ash St Axis Builders ATOR /RS1 $ 2,300,000 8,344 16- 0724 -C 15513E 87 St N Simmons Homes PPPL /RS3 $ 155,265 2,823 16- 0725 -X 18702 N 155 E Ave Isimmons Homes I PPPL /RS3 1 $ 151,365 21757 16- 0726 -X 16 Single Family $ 2,207,100 39,134 SgFt 4 Accessory $ 56,125 1,980 Sq Ft 2 New Commercial $ 3,500,000 10,724 SgFt 3 Signs $ 13,000 109 SgFt 1 Pool $ 28,000 388 SgFt 26 Total Building Permits $ 5,804,225 52,335 SgFt CCi�ty o f Owaysfl- 212 N. Mai^. St. 0 0 K 7 4oss PERMITS APPLIED FOR WITHIN OWASSO FENCELINE - JULY 2016 ADDRESS COUNTY BUILDER SUBDIVISION TYPE VALUE 19494 E. Clearbrook Rogers American Heartland Builders Clear Brook New Home $1,845,100.00 5050 E. 475 Road Rogers W6LLC Unplatted Accessory $31,000.00 19740 E. 72nd St N. Rogers Score Construction Oakridge @ Cooper Ranch Accessory $40,000.00 16722 E. 115th St N. Rogers Simmons Homes Quailbrook II New Home $146,100.00 16772 E. 115th St N. Rogers Simmons Homes Quailbrook II New Home $120,240.00 16682 E. 115th St N. Rogers Simmons Homes Quailbrook II New Home $1321420.00 11109 N. 185th E. Ave Rogers Palm Harbor Homes Rolling Meadows Modular Homes $135,000.00 7008 N. 197th E. Place Rogers Executive Homes The Ridge II New Home $210,000.00 19710 E. 69th PI N. Rogers Executive Homes The Ridge II New Home $210,000.00 17504 E. 88th St N. Rogers Lawson Group Green Meadows Estastes III Residential Add. $51,200.00 16406 E. 79th St N. Rogers Dikeman Construction Eagles Landing Accessory $47,500.00 12133 N. 95th E. Ave Tulsa Steven Wilson Unplatted Residential Rem. $30,000.00 Single Family $2,663,860.00 Multi Family n/a Residential Remodel $81,200.00 Accessory $118,500.00 New Commercial n/a Commercial Remodel n/a Other $135,000.00 Total Building Permits $2,782,360.00 PROJECT STATUS REPORT City of Owasso Public Works Department August 4, 2016 E. 76th Street North Widening (from U.S. Hwyl 69 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. 76th 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 - May 7, 2013 - Engineering agreement for Poe & Associates, Inc. of Tulsa, Oklahoma and funding agreement was approved by City Council. - The engineering design is approximately 90% complete. - The environmental assessment (NEPA) portion of the project commenced per FHWA funding requirements. - NEPA was approved and cleared by ODOT /FHWA - July 21, 2015 - ODOT, Poe & Associates and City of Owasso met on location and conducted a plan -in -hand meeting. - March 15. 2016 - City of Owasso approved a ROW acquisition, utility relocation and overall construction agreement from ODOT. - ROW staking has commenced along with the appraisal process. - Appraisals have been received and offers letters are being distributed to the property owners. • Garnett Widening (from E. 96Lhh Street North to E. 106th 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. - In July 2015, the NEPA document was approved by FHWA. - ROW acquisition commenced in October 2015. - Per the federal government and ODOT, the environmental must be updated since utility relocation didn't commence by May 2016. The update will commence in August with completion expected in September 2016. - Staff and ROW agent continue discussions with the property owner and attorney in order to obtain the last parcel of land in need for utility relocation and construction. - With the completion of land acquisition right around the corner, staff informed all private utility companies to be ready to start utility relocation within the next 60 days. • E. 1 16th Street North and 129th 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. - Engineering design is approximately 60% complete. - Environmental study commenced in March 2015. NEPA Document prepared by ODOT was completed in December 2015. As a result, environmental document was sent to FHWA in January in 2016 for approval. - Land acquisition is anticipated to commence in August 2016 with completion in October 2016. - Utility relocation meetings have commenced with AEP, GRDA, AT &T and COX. Once easement and ROW corridors have been determined for utilities and road construction, ROW and easement documents will be prepared and negotiations will commence. U.S. 169 Highway Widening Project (from E. 56 hh Street North to E. 66th 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. - ODOT administered a preconstruction meeting with Becco in mid -June 2015. Construction commenced on July 6 with completion scheduled to occur by February 2017. - Phase I bridge and roadway improvements were complete in December 2015. - Phase II work was complete in May 2016. - Dirt, road and pier work continue on the last phase of the project. Contractor is on schedule to be complete by November 2016. • Brookfield Crossing Stormwater Improvements - In October 2014, City Council approved an agreement for engineering services with Kellogg Engineering. - Engineering design and bid specifications is expected to be complete in August 2016. FY 2015 -2016 Street Rehabilitation Program - In August 2015, City Council approved the project priority list. - Funding in the amount of $1,765,975 is included, with $1 million funded from the Capital Improvements Fund and $765,975 from the '/2 Penny Sales Tax Fund. - Engineering Division is designing the following locations for rehab: - Atlanta Street reconstruction for E 76th St N to W 3rd St. - Alley reconstruction between Broadway and W 1 St St. - Broadway reconstruction west of Atlanta - W 1St St Reconstruction - Construction of cul -de -sac on the north end of Carlsbad - Rehabilitation of N 126th E Ave from E 76th St N to E 77th PI N - Rehabilitation of E 77th PI N from N 123rd E Ave to N 126th E Ave - Rehabilitation of N 124th E Ave, adjacent to Mills Elementary Rehabilitation of E 80th Ct N Preventative Maintenance - Honey Creek II Preventative Maintenance - Bailey Ranch II /Sawgrass I Recently, City Council approved a $250,000 purchase order to begin crack sealing. Crack sealing (maintenance) is now complete. The project has been re- advertised and re -bid in two separate contracts with bid opening scheduled for August 23rd 2016. • Central Park Channel Improvements - In July 2015, Council approved an engineering agreement Meshek and Associates in the amount of $66,760. - Engineering design commenced in September 2015. - Engineering design and bid specifications are expected to be complete by August 2016. - Once the plans have been completed, Army Corp of Engineers will review and provide comments, if necessary. - Bid advertisement and construction is anticipated to commence once Army Corp of Engineers have approved the construction plans. • Sports Park Regional Detention Facility In July 2015, Council approved an engineering agreement Meshek and Associates in the amount of $57,330. Engineering design commenced in September 2015. US Army Corp of Engineers are requiring a wetland determination and various endangered species explorations on the site. Engineering design is complete. Bid advertisement and construction is anticipated to begin once US Army Corp of Engineers have approved the construction /mitigation plans. E. 1061th Street North and 145th East Ave Intersection Improvement Project - In October 2015, Council approved this project to be included as a project on the Capital Improvement Project list. - In January 2016, Council approved an engineering agreement with Poe and Associates. - Traffic Study has made a recommended configuration for the intersection. Intersection shall be two (2) thru lanes in all four directions with associated left turn lanes. Also included will be a dedicated south to west right -turn and an east to south right -turn lane. - The engineering design is scheduled to be complete by November 2016. - 60% design plans are scheduled to be submitted for review by September 1 st 2016. Garnett Widening (from E. 1061th Street North to E. 1 16th Street North) In March 2016, Council approved an engineering agreement with McClelland Consulting Engineer's, Inc. The engineering design is scheduled to be complete by November 2016. City of Owasso Monthly 3% Sales Tax Revenues Last Five Fiscal Years 2616 -17 2015 -2016 2014 -2015 2013 -2014 2012 -2613 Jul $ 211082777 2,673 563 1 t865,194 1,704,985 1630,957 Aug $ 2,01 51076 $ - 1 19731796 $ 1 18201768 $ 116781483 $ 11521$846 Sop $ 1 1973F2o3 $ 1 F 321 6'1 $ 1,61 71962 $ 1 F5151436 Oct $ 21611,695 $ 11896,451 $ 116771145. $ 115607824 Nov $ 133511' 9 $ 1 13031171 $ 11612P339 $ 1 F44,696 Dec $ 211661025 116621936 1,746,969 $ 116052740 Jan 212281743 211251525 $ 2,0731564 $ 1 F7922034 Feb $ 2F246,904 $ 216 4,4 6 $ 1 19 0P1 4 1,3172864 Mar 1 x7621438 $ 117801454 $ 17544,0 $ '" k 1666101 Apr 210447284 1,731,713 11696P815 11499$708 May $ 21041,468 1,950,566 1,3131683 $ 1,6295432 Jun $ 1 1936,362 $ 119987314 $ 1 ,864,633 $ 1 ,643,878 $ 41 123,8x4 $ 24,314 666 $ 22,727,466 $ 21,022P850 $ 1911682 3'1 Estimated collection on 3% sales tax. Actual breakdown for half-penny collections for current month not yet available. City of Owasso % Sales Tax Report Budget to Actual Comparison August 9, 201 2016 -17 2016 -17 Actual Collections Budget Projections Over Under Projection �Amount Jul 211081777 Aug 210151076 Sep Oct Nov Dec Jan Feb Mar Apr May Jury Percent Amount Percent Amount Percent 8.4% 210931447 8.4% 15,330 0.7% 8.0% 2,0' 6,325 8.1% (11749) -0.1% Totals 41123,854 16.5% 4,110,272 16.4% 1315$2 0.3% Estimated collection on % sales tax. Actual breakdown for half-penny collections for current month not yet available. City of Owasso 3% Sales Tax Report Two Year comparison August 9, 201 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Totals 2016-17 Amount 211081777 2,01 5,078 4,128,854 Percent of Budget 8.4% 8.0% 2015-16 Percent Amount of Actual 219733558 8.5% 159733796 8.1 % Increase or (Decrease Amount Percent 85,224 1.7% 41F 80 2.1% 16.5% 430471349 16.6% 7 35U Note: Fiscal Year 2017 Sales Tax Budget is $25.35 million; FY' 16 actual was $24.375 million. 1.9% Y emar-to-Date 3% Sales Tax Total.-r- 4�: City of Owasso Half-Penny Sales Tax Report ort Budget to Actual Comparison August 9$ 201 2016 -17 20160 -17 Actual Collections Budget Projections Over (Under )Projection Amount Jul 349,234 Aug 335,846 Sep Oct Nov Dec Jan Feb Mar Apr May Jun Percent Amount Percent Amount Percent 3.9% 3483908 8.9% 326 0.1% 8.6% 336$13 8.6% (291 ) -0.1% Totals 685SO80 17.5% 085,045 17.5% 35 0.0% Estimated collection on Half -Penny sales tax. Actual breakdown for half-penny collections for current month not yet available. City of Owasso Monthly Use Tax Revenues Last Five Fiscal Years Actual 2016-17 2015-2016 2014-2015 2013 -201 2012-2013 2011-2012 Jul 52,565 72,360 5 ;293 753705 $ 33;505 r91 Aug 563552 961425 56 #646 105 #903 331953 521650 Sep 1221962 615204 691079 47F6O9 53 ;951 Oct 1 061346 56, 146 1 032653 59$27 451435 Nov 911376 591434 641434 501722 43$504 Dec 113$941 89,482 861424 43 S 3 0 521052 Jan 80,355 65,206 571183 605594 ,738 471738 Feb 1021681 1101645 75$454 75$302 554671 Mar** 611743 57,044 66,121 575199 44,140 Apr 751834 561776 557507 30$577 291497 May 925667 75,595 631674 515094 551535 Jun* 961434 981093 427584 751139 411989 $ 1691117 1,123, 335 $ 926J869 8531050 6265431 566,050 *Increase in sales tax rate from 3.5% to 4.05% March 2017 Increase in sales tax rate from 3% to 3.5% June 2015