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Home My WebLink About1997.07.10_OEDA Agenda_AddendumNOTICE OF PUBLIC MEETING OF THE OWASSO ECONOMIC DEVELOPMENT AUTHORITY TYPE OF MEETING: DATE: TIME: PLACE: Regular July 10, 1997 10:00 a.m. Owasso City Hall Lower Level Conference Room 207 S Cedar, Owasso, Oklahoma Notice of Addendum filed in the office of the City Clerk and posted on the City Hall bulletin board at 4:00 p.m. on Tuesday, July 8, 1997. Marc Boutwell, Cit Clerk ADDENDUM TO AGENDA Items numbered 1 through 2 on the agenda filed on July 7, 1997, shall remain the same. Items numbered 3 through 12 are now numbered 4 through 13; and the following is submitted for addendum thereof. 3. Election of Officers for Fiscal Year 1997-98. (a) Chairperson (b) Vice Chairperson (c) Secretary Mr Anderson /"/ar.sha� PUBLIC NOTICE OF THE MEETING OF THE OWASSO ECONOMIC DEVELOPMENT AUTHORITY TYPE OF MEETING: DATE: TIME: PLACE: Regular July 10, 1997 10:00 a.m. Owasso City Hall Lower Level Conference Room 207 S Cedar, Owasso, Oklahoma Notice and agenda filed in the office of the City Clerk and posted on the City Hall bulletin board at 4:00 p.m. on Monday, July 7, 1997. AGENDA 1. Call to Order 2. Roll Call �3: Request Approval of the Minutes of June 12, 1997 Regular Meeting. Mr Anderson Attachment #3 OWASSO ECONOMIC DEVELOPMENT AUTHORITY JULY 10, 1997 PAGE 2 ,1541 Request Approval of Claims. Mr Anderson Attachment #4 A5,`c),ri,� J v0/ Presentation of Financial Report. Ms Bishop Attachment #5 Update and Discussion of Issues Relating to Precision Components. Mr Ray 4 9/7/ Presentation of Status Report Relating to Current Projects. Mr Ray ,a 0� '✓ presentation of Status Report Relating to Current Prospects. Mr Ray OWASSO ECONOMIC DEVELOPMENT AUTHORITY JULY 10, 1997 PAGE 3 I� /9' Report from OEDA Manager I4 W. Unfinished Business Ne Business !3 Adjournment pfp� -M --? OWASSO ECONOMIC DEVELOPMENT AUTHORITY MINUTES OF REGULAR MEETING Thursday, June 12, 1997 The Owasso Economic Development Authority met in regular session on Thursday, June 12, 1997 in the Lower Level Conference Room at Owasso City Hall per the Notice of Public Meeting and Agenda posted on the City Hall bulletin board at 10:00 a.m. on Monday, June 9, 1997. ITEM 1: CALL TO ORDER Mr Anderson called the meeting to order at 10:05 a.m. ITEM 2: ROLL CALL PRESENT ABSENT STAFF Alan Anderson, Chair Rodney J Ray Frank Enzbrenner, Vice Chair Sherry Bishop Tom Kimball, Trustee Buz Walker Brenda Lawrence, Trustee (in at 10:15) Phil Lutz Bill Retherford, Trustee Robert Carr Gary Akin, Trustee A quorum was declared present. ITEM 3: REQUEST APPROVAL OF THE MINUTES OF MAY 8. 1997 REGULAR MEETING. Mr Enzbrenner moved, seconded by Mr Retherford, to approve the minutes as submitted, by reference made a part hereto. AYE: Akin, Anderson, Enzbrenner, Kimball, Retherford NAY: None Motion carried 5 -0. ITEM 4: REQUEST APPROVAL OF THE CLAIMS. Mr Kimball moved, seconded by Mr Enzbrenner, that the claims be approved as submitted. AYE: Akin, Anderson, Enzbrenner, Kimball, Retherford NAY: None Motion carried 5 -0. Owasso Economic Development Authority ITEM 5: PRESENTATION OF FINANCIAL REPORT. Ms Bishop presented and discussed the May financial report. June 12, 1997 ITEM 6: CONSIDERATION AND APPROPRIATE ACTION RELATING TO A REQUEST FOR TRUSTEE ADOPTION OF AN FY 1997 -98 OPERATING BUDGET. Ms Bishop explained that the OEDA receives funds from three sources - a budgeted amount, funds from a surcharge on commercial trash collection, and funds from a surcharge on residential and commercial building permits. The need to establish another funding source for OEDA was discussed. Mr Enzbrenner moved, seconded by Mr Retherford, to adopt the proposed FY 1997 -98 operating budget for the OEDA. AYE: Akin, Anderson, Enzbrenner, Kimball, Lawrence, Retherford NAY: None Motion carried 6 -0. ITEM 7: UPDATE AND DISCUSSION OF ISSUES RELATING TO PRECISION COMPONENTS. Mr Ray reported that the management team at Precision Components is enthusiastically supporting the concept of a new building. Some options for financing outside OEDA are being considered by Precision. Cathy Hutchison has agreed to work up a cost estimate of the current property, including the cost to vacate and clean the current premises. Discussion followed as to possible locations for commercial and industrial developments in the Owasso area. ITEM 8: PRESENTATION OF STATUS REPORT RELATING TO CURRENT PROJECTS. A memorandum was distributed referring to the status and options available for the NSP roadway extension. Mr Carr and Mr Lutz discussed the memo. The Trustees directed Mr Ray to schedule a meeting with Mr Alan Robinson. ITEM 9: PRESENTATION OF STATUS REPORT RELATING TO CURRENT PROSPECTS. No report. 2 Owasso Economic Development Authority ITEM 10: REPORT FROM OEDA MANAGER No report. ITEM 11: UNFINISHED BUSINESS None. ITEM 12: NEW BUSINESS None. ITEM 13: ADJOURNMENT Ms Lawrence moved, seconded by Mr Akin, to adjourn. AYE: Akin, Anderson, Einzbrenner, Kimball, Lawrence, Retherford NAY: None Motion carried 6 -0, and the meeting was adjourned at 11:40 a.m. Date Approved 3 Alan Anderson, Chairperson June 12, 1997 CITY OF OWASSO OWASSO ECONOMIC DEV. AUTHORITY //07/97 16:02:50 A/P CLAIMS REPORT PO # VENDOR DESCRIPTION - --- - - ---- ----- -- ---- -- ------ - - - - -- ------------------ ONG PROJECT ------------------------------ 980075 BROWN CONSTRUCTION CO ONG WORK CENTER DEPARTMENT TOTAL =___) FUND TOTAL GRAND TOTAL APAPVR PAGE: AMOUNT --- ------ - - - -- -- 57,699.00 57,699.00 57,699.00 57,699.00 1 City of Owasso Owasso Economic Development Authority Schedule of Revenues and Expenses For the Month Ending June 30, 1997 Non - operating income (expenses): - Proceeds of construction loan 277,149.20 ONG Work Center Project (282,369.22) Total non - operating income (expenses) (5,220.02) Net income (loss) (5,220.02) Retained earnings 07101/96 Retained earnings 06/30/97 YTD $0.00 3,750.00 0.00 2,494.45 6,244.45 90.50 3,486.36 0.00 3,576.86 2,667.59 1,118,484.64 (1,116,627.13) 1,857.51 4,525.10 $23,019.91 $27,545.01 MTD Operating income: Transfer from City - General Fund $0.00 Contributions 0.00 Sale of property 0.00 Other 0.00 Total revenues 0.00 Operating expenses: Materials & supplies 0.00 Services & other charges 0.00 Capital outlay 0.00 Total expenses 0.00 Operating income (loss) 0.00 Non - operating income (expenses): - Proceeds of construction loan 277,149.20 ONG Work Center Project (282,369.22) Total non - operating income (expenses) (5,220.02) Net income (loss) (5,220.02) Retained earnings 07101/96 Retained earnings 06/30/97 YTD $0.00 3,750.00 0.00 2,494.45 6,244.45 90.50 3,486.36 0.00 3,576.86 2,667.59 1,118,484.64 (1,116,627.13) 1,857.51 4,525.10 $23,019.91 $27,545.01