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HomeMy WebLinkAbout2015.04.09_OEDA AgendaPUBLIC NOTICE of THE MEETING of THE OWASSO ECONOMIC DEVELOPMENT AUTHORITY TYPE F MEETING: Regular DATE: April 9, 2015 TIME: 10:00 a.m. PLACE: Owasso City Hall, Lover Level Conference Room 111 N. Main Owasso,, Oklahoma Notice and agenda filed in the office of the City Clerk nd posted on the city Hall bulletin board at 5:00 PM on Tuesday, April 7,2015. Chelsea M.E. Levo, Economic Development Director AGENDA 1. Call to Order [fir. Thomas, Chairman 2. Consideration and appropriate action rel-ating to a request for Trustee approval of the Consent Agenda. All matters listed under "Consenf' are considered by the Trustees to be routine and will be enacted by one motion. Ain ► Trustee may, however, remove are item from the Consent Agenda by request. A motion to adopt the Consent Agenda is non- debatable. A. Approval of minutes of the March 12, 2015 regular meeting Attachment B. Approval of claims Attachment C. Acceptance of the monthly financial reports Attachment 3. Cori I #eratlon and appropriate action relating to items removed from the Consent Agenda 4. Report from OEDA Director Ms. Levo Attachment * Business Development Report * Monthly Building Report * Public Works Project Status Report * Monthly Sales Tax Report 6. Report from OEDA Manager Mr. Lehr '. Report from OEDA Trustees OEDA April 9,, 2015 Page 2 8. ar Business (New Business is n item of business which could not have been foreseen at the time of posting of the agenda.) 9. Adjournment MEETING OF THE OWASSO ECONOMIC DEVELOPMENT AUTHORITY MINUTES OF MEETING Thursday.. March 12, 2015 The Owasso Economic Development Authority met in regular session on Thursday, March 12, 2015 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, March 10, 2015. ITEM 1: CALL TO ORDER & ROLL CALL Chair Dirk Thomas called the meeting to order at 10:02 AM. PRESENT Dirk Thomas, Chair David Charney, Trustee Jeri Moberly, Trustee Frank Enzbrenner, Trustee Bryan Spriggs, Trustee A quorum was declared present. ABSENT Dee Sokolosky, Vice -Chair Gary Akin, Secretary ITEM 2: CONSIDERATION AND APPROPRIATE ACTION RELATING TO A REQUEST FOR TRUSTEE APPROVAL OF THE OEDA CONSENT AGENDA A. Approval of minutes of the February 12, 2015 Regular Meeting B. Approval of claims C. Acceptance of the monthly financial report Following discussion, Dr. Spriggs moved to approve the consent agenda, seconded by Ms. Moberly. AYE: Thomas, Charney, Moberly, Enzbrenner, Spriggs NAY: None ABSTAIN: None Motion carried 5 -0. ITEM 3: CONSIDERATION AND APPROPRIATE ACTION RELATING TO ITEMS REMOVED FROM THE CONSENT AGENDA No action required ITEM 4: Presentation of the Vision 2025 Excess Funds Projects. Teresa Willson presented the Vision 2025 Excess Funds proposed projects. Mr. Charney moved to endorse theVision 2025 Excess Funds proposed projects as presented, seconded by Dr. Thomas. AYE: Thomas, Charney, Moberly, Enzbrenner, Spriggs NAY: None ABSTAIN: None Motion carried 5 -0. ITEM 5: REPORT FROM OEDA DIRECTOR Chelsea Levo provided the business development report; Bronce Stephenson presented the Monthly Building Report for February; Roger Stevens presented the Public Works project status report; Sherry Bishop presented the sales tax monthly report. Discussion was held. ITEM 6: REPORT FROM OEDA MANAGER No report. OEDA March 12, 2015 Page 2 ITEM 7: REPORT FROM OEDA TRUSTEES No Report ITEM 8: NEW BUSINESS None ITEM 9: ADJOURNMENT Dr. Spriggs moved to adjourn the meeting, seconded by Mr. Enzbrenner. AYE: Thomas, Charney, Moberly, Enzbrenner, Spriggs NAY: None ABSTAIN: None Motion carried 5 -0 and the meeting adjourned at 11:25 AM. Chelsea Levo, Economic Development Director IIIM I TO: THE HONORABLE CHAIRMAN AND TRUSTEES OWASSO ECONOMIC DEVELOPMENT AUTHORITY FROM: CHELSEA M.E. LEVO ECONOMIC DEVELOPMENT DIRECTOR SUBJECT: CLAIMS, OEDA DATE: April 9, 2015 No claims for March 2015. Owasso Economic Development Authority Statement of Revenues, Expenses and Changes In Fund Net Assets For the Month Ending Mauch 31, 201 Operating Revenues Operating penes Materials & supplies Services & other charges Capital outlay Total Operating Expenses Operating Income Loss Non- Operating Revenues (Expenses)- Investment income Promissory note revenue A! 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 * Investment ent income estimated ITD YTDI Budget $0.00 0.00 $0.00 0.00 0.00 0.00 0.00 0.00 5X0.00 0.00 0.00 0.00 0.00 51000.00 0.00 0.0 (5,000.00) 0.00 0.62 6.05 8.00 0.00 .6 0.00 0.00 0.00 0.00 0.00 0.60 0.00 6.05 $8.00 0.62 0.62 6.06 (41992.00 0.00 0.06 0.00 6.05 (4, 992.00 0.62 9,062,6 9X2.66 $91066.71 $41070.66 Awk The Ci'ty Wit i out TO: THE HONORABLE CHAIR AND TRUSTEES OWASSO ECONOMIC DEVELOPMENT AUTHORITY FROM: CHELSEA M.E. LEVO DIRECTOR OF ECONOMIC DEVELOPMENT SUBJECT: DIRECTOR'S REPORT DATE: April 9, 2015 NEW BUSINESS DEVELOPMENT • Sprouts Fresh Market opened on April lst in the Willis Farms commercial center. • Development work on the Academy Sports site continues. Footings should be poured soon and the structure should go vertical within the month. Academy projects to open in the early fall of this year. • Plans have been received for Zaxby's Chicken locating on the NW corner of 86th and 129th, replacing the Kum & Go. • Construction on Buffalo Wild Wings has begun, locating north of Aldi on the E service road between 86th and 96th streets north. Civil plans for Dairy Queen are approved and construction should begin by early summer. It will be located next to Cracker Barrel on the northeast lot. • Framing has begun on AMC Urgent Care, located on the south lot next to IHOP. BUSINESS RETENTION & EXPANSION (BR &E) • Work continues on Rejoice Christina Academy. The elementary school phase is under construction while plan review is being done for the 2nd larger phase comprised of the Mid -High and the sports facilities. WORKFORCE DEVELOPMENT • The Tulsa metro just hit 4.2% unemployment, well below full employment of 5%, which means employers will continue to struggle to find skilled workers. This means as a community we have to be as strategic as possible in ensuring job seekers have the right skills, and that they're being connected to employers as quickly and effectively as possible. INDUSTRY NEWS • Off -price chains that sell high - profile brands and designer goods for 20 to 60 percent below department and specialty store prices, are outperforming much of the retail sector; they are growing faster than competitors and are gaining market share. The sector's popularity surged during the recession and has stayed popular now that the economy has rebounded. Emboldened by a nimble real estate and merchandising strategy and by growing clout with vendors, these off -price chains are on an expansion binge stateside and in international markets too. By the end of 2013, Burlington, Nordstrom Rack, Ross Stores and TJX were generating about 8 percent, nearly $28 billion, of the clothing and footwear sales in the U.S., according to Scott Tuhy, a vice president and senior credit officer at Moody's Investors Service. Read more http: /Zbit.ly /1 C6d6Q4 How do taxes in your state compare nationally? This convenient pocket -size booklet compares the 50 states on many different measures of taxing and spending, including individual and corporate income tax rates, business tax climates, excise taxes, tax burdens and state spending. Read more http: / /bit.ly /1 CLUgEr Developers have had to get creative when it comes to salvaging America's failing shopping centers, turning them into hospitals, churches, and even parks. Read more http: / /theatln.tc /1 aWYJ6G 2014 was a banner year for the U.S. shopping center industry, with surging occupancy rates and strong growth in rents and net operating income (NOI), according to research from ICSC and NCREIF. "Record growth in key indicators such as occupancy and NOI strongly indicate a healthy outlook and further underline the ability of the industry to innovate to fit the needs of today's consumer," said ICSC spokesman Jesse Tron. The occupancy rate for U.S. open -air shopping centers was 92.7 percent at the end of the fourth quarter, the highest level since second - quarter 2008, according to the organizations. Meanwhile, mall occupancy was at 94.2 percent, a level not seen since fourth - quarter 1987. Read more http: / /bit.ly /1 C714oX RESIDENTIAL SINGLE FAMILY NEW CONSTRUCTION MONTH END REPORT MAR Month 2006 2007 2008 2009 2010 2011 2012 2013 1 January 22 13 25 15 17 18 19 15 2 February 41 14 19 23 29 17 15 1 26 3 March 50 25 35 30 46 14 27 27 4 April 52 30 31 36 31 19 26 26 5 May 36 60 23 27 30 20 23 19 6 June 29 27 21 34 23 19 24 19 7 July 12 23 24 28 17 20 15 27 8 August 28 27 18 28 19 12 15 18 9 September 12 17 40 20 11 12 12 28 10 October 25 31 15 36 13 10 21 15 11 November 13 26 10 13 1 8 11 7 12 December 16 8 6 13 9 10 16 1 1 Totals 336 301 267 303 246 179 224 238 YT D 113 52 79 68 92 49 61 68 MARCH YEAR-TO-DATE COUNT inn MARCH YEAR-TO-DATE DOLLARS 10,000,000 8,000,000 ---------------------------------------------------------------------------------------------------- - - - - -. 6,000,000 ---------------------------------------------------------------------------------------------------- - - - - -. 4,000,000 ---------------------------------------------------------------------------------------------------- - - - - -. 2,000,000 -------- - - - - -- -------- - - - - -- I I ----- - - - - -. 0 2011 2012 2013 2014 CITY OF OWASSO RESIDENTIAL LOT INVENTORY STATUS March 31, 2015 SUBDIVISION Burberry Place (6/09) Camelot Estates (4/07) Carrington Pointe I (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 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 66 45 61 37 101 71 42 85 24 50 202 131 114 78 82 235 98 93 43 92 20 44 58 93 272 147 84 96 31 40 3034 # DEVELOPED # AVAILABLE 87 2 107 32 162 9 10 56 23 22 58 3 36 1 93 8 66 5 41 1 84 1 23 1 16 34 198 4 113 18 112 2 64 14 43 39 232 3 96 2 89 4 40 3 45 47 17 3 43 1 13 45 52 41 243 29 144 3 82 2 94 2 26 5 31 9 2583 451 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 2 Lake Valley V (9/30) Lake Valley IV (5/10) Keys Landing (3/08) Honey Creek (4/02) 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 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 MARCH 2015 Month 2005 2006 2007 2008 2009 2010 2011 2012 2013 1 January 2 9 4 4 1 1 3 1 1 2 February 5 0 3 2 0 1 1 1 1 3 March ,, 1 14 , , 2 0 1 3 0 0, 0 4 April 4 1 0 4 1 1 1 0 1 5 May 3 2 1 1 2 1 2 1 0 6 June 3 4 1 I 2 0 a 2 1 7 July 0 0 0 1 0 0 0 0 1 8 August 1 7 3 1' 0' 0 2 ' 2 0 9 September 2 1 28 3 0 0 0 0 0 10 October 1 3 4 I 0 0 1 a 4 11 November 0 1 1 1 2 2 1 0 1 12 December l 1 1 l Q 1 Q 0> 1 otals 23 43 48 20 9 10 11 7 11 YTD 8 23 9 6 2 5 4 2 2 25 20 15 10 5 0 MARCH YEAR -TO -DATE COUNT MARCH YEAR-TO-DATE DOLLARS 5,000,000 4,000,000 2014 2 3,000,000 2,000,000 1,000,000 0 2011 2012 2013 2014 MARCH 1,175,000 140,000 160,000 1,035,000 4,; OCCUPANCY PERMITS NAME ADDRESS APPLICATION OPENING COMPLETE DATE DATE MARCH 2015 Sprouts Farmers Market 9601 N 133 E Ave 7/18/2014 4/1/2015 Yes FEBRUARY 2015 JANUARY 2015 Hapa Sushi 13720 E 86 St N #200 1/5/2015 1/21/2015 Yes Royal Salon 11640 E86 St N 9/24/2014 1/31/2015 Yes DECEMBER 2014 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 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 AUGUST 2014 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 7/7/2014 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 6/3/2014 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 6/11/2014 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 MAY 2014 Garrett Creek Wine & Spirits 11560 N 135 E Ave #110 4/15/2014 5/6/2014 Yes RCB Bank 12200 E 96 St N 10/22/2013 5/14/2014 Yes St. John Medical Office 12455 N 100 E Ave 1/27/2014 5/14/2014 Yes APRIL 2014 Discount Tire 13321 E 116 St N 10/14/2013 4/30/2014 Yes Ledford Properties 425 E 22 St N 1/15/2014 4/4/2014 Yes Owasso Auto Spa /Dog Wash 9800 N 119 E Ave 2/21/2014 4/14/2014 Yes PERMITS APPLIED FOR IN MARCH 2015 ADDRESS BUILDER ADD /ZONE VALUE A.S.F. PERMIT# DATE 10919 N 121 E Ave Capital Homes MGIV /RS3 $ 153,395 214787 15- 0301 -X 3/10/2015 7622E 83 PIN Executive Homes CARPI /RS3 $ 144,540 2,628 15- 0302 -X 3/10/2015 14127E 91 St N Armstrong Home Builder CE /RS3 $ 143,165 2,603 15- 0303 -X 3/10/2015 14126 N 143 E Ave Armstrong Home Builder CE /RS3 $ 124,025 211255 15- 0304 -X 3/10/2015 9495 N Owasso Expy Lay Construction TP /CS $ 750,000 2,609 15- 0305 -C 3/10/2015 7703 N Owasso Expy Dale Wills OCC /CS $ 70,000 1,058 15- 0306 -C 3/10/2015 12807E 86 St N TBD RP /CS $ 550,000 3,654 15- 0307 -C 3/10/2015 14610E 113 St N Simmons Homes LVVII /RS3 $ 123,695 2,249 15- 0308 -X 3/10/2015 10904 N 120 E Ct Simmons Homes MGIV /RS3 $ 123,695 2,249 15- 0309 -X 3/10/2015 15518E 88 St N Simmons Homes PPPL /RS3 $ 153,285 2,787 15- 0310 -X 3/10/2015 12017E 109 PIN Simmons Homes MGIV /RS3 $ 111,430 2,026 15- 0311 -X 3/10/2015 14603E 112 PIN Simmons Homes LVVII /RS3 $ 111,430 2,026 15- 0312 -X 3/10/2015 14616E 112 PIN Simmons Homes LVVII /RS3 $ 123,695 2,249 15- 0313 -X 3/10/2015 14618E 112 PIN Simmons Homes LVVII /RS3 $ 105,985 1,927 15- 0314 -X 3/10/2015 14620E 112 PIN Simmons Homes LVVII /RS3 $ 123,695 210249 15- 0315 -X 3/10/2015 14622E 112 PIN Simmons Homes LVVII /RS3 $ 105,985 1,927 15- 0316 -X 3/10/2015 12016E 110 St N Simmons Homes MGIV /RS3 $ 123,695 2,249 15- 0317 -X 3/10/2015 15520E 88 St N Simmons Homes PPPL /RS3 $ 142,120 2,584 15- 0318 -X 3/10/2015 14201E 92 St N Denny Construction CE /RS3 $ 143,220 2,604 15- 0319 -X 3/10/2015 8917 N 143 E Ave Denny Construction CE /RS3 $ 154,110 2,802 15- 0320 -X 3/10/2015 7913 N 142 E Ave Executive Homes CW /RS3 $ 154,935 2,817 15- 0321 -X 3/10/2015 6612 N 128 E Ave Rausch Coleman HC /RS3 $ 97,845 1,779 15- 0322 -X 3/10/2015 419E 21 St Claude Neon Signs 76C /CG $ 3,600 52 15- 0323 -5 3/10/2015 11610E 80 St N Homeowner EC /RS3 $ 21600 255 15- 0324 -P 3/10/2015 11211 N 131 E PI Homeowner FGC /RS3 $ 21000 70 15- 0325 -X 3/10/2015 14601E 88 PIN Alternative Roofing PL /CS $ 45,000 1,000 15- 0326 -C 3/16/2015 11550 N 135 E Ave Claude Neon Signs GCC /CS $ 13,850 136 15- 0327 -5 3/16/2015 11048 N 120 E Ave Capital Homes MGIV /RS3 $ 113,960 2,072 15- 0328 -X 3/20/2015 14620E 113 St N Simmons Homes LVVII /RS3 $ 111,430 2,026 15- 0329 -X 3/20/2015 14516 N 146 E Ave Simmons Homes LVVII /RS3 $ 129,085 2,347 15- 0330 -X 3/20/2015 14130E 88 St N Community Builders CE /RS3 $ 28,000 210 15- 0331 -X 3/23/2015 14609E 111 Ct N Simmons Homes LVVII /RS3 $ 111,430 2,026 15- 0332 -X 3/24/2015 G4y &f Owaysfl- 212 N. Mai,. St. 0 wa��, 0 K 7 4oss PERMITS APPLIED FOR IN MARCH 2015 23 Single Family $ 2,929,850 53,268 Sq Ft 1 Residential Remodel $ 28,000 210 SgFt 1 Accessory $ 2,000 70 SgFt 2 New Commercial $ 1,300,000 6,263 SgFt 2 Commercial Remodel $ 115,000 2,058 SgFt 2 Signs $ 17,450 188 SgFt 1 Pool $ 2,600 255 Sq Ft 132 Total Building Permit $ 4,394,900 62,312 SgFt Gvfy o�F Owasso -111 N. Ma,i.w St. 0 0 K 7 4oss PROJECT STATUS REPORT City of Owasso Public Works Department April 6, 2015 • 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 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 The environmental analysis is still being reviewed by ODOT. In addition, the state biologist has recently requested for a wetland delineation of the borrow ditches along E 76 St N. As result, the environmental process will take additional time for completion. • Garnett Widening (from E. 96th 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. - ODOT is making final review comments on the National Environmental Policy Act (NEPA) document before submittal to FHWA. ODOT anticipates this review process taking an additional two months before the document is ready for FHWA review. As a result, ROW acquisition will be delayed for at least three months. • FY 2014 -2015 Street Rehabilitation Proaram - 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 3rd 2015. - Construction scheduled to begin in April with completion by September 2015. • 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. Environmental study recently commenced with approval expected in March 2016. Engineering design is approximately 60% complete. • E. 1 16th 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. - Construction is scheduled to commence in 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 anticipated in April, 2015 with construction commencing sometime this summer. • Brookfield Crossing Stormwater Improvements In October 2014, City Council approved an agreement for engineering services with Kellogg Engineering. Engineering design is approximately 30% complete with final design expected to be complete in May 2015. • E 19th 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. • Transportation Master Plan Study In September 2013, City Council approved an agreement for engineering services with Guernsey Engineering. On January 30, 2014, City staff and Guernsey Engineering conducted a public meeting to present basic concepts of the plan and received positive feedback from the citizens. Last week, staff reviewed the final draft and provided comments to the engineering consultant. The committee will have the opportunity to review the final draft by the end of this month with a meeting scheduled with the committee, engineering consultant and staff sometime in mid -May.