HomeMy WebLinkAbout1998.01.08_OEDA Agenda
PUBLIC NOTICE OF THE MEETING OF THE
OWASSO ECONOMIC DEVELOPMENT AUTHORITY
TYPE OF MEETING:
DATE:
TIME:
PLACE:
Regular
January 8, 1998
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 9:00 a.m. on Monday, January 5, 1998.
Robert Tobias, Economic evelopment Director
AGENDA
1. Call to Order
2. Roll Call
3. Request Approval of the Minutes of December 11, 1997 Regular Meeting.
Mr Enzbrenner
Attachment #3
OWASSO ECONOMIC DEVELOPMENT AUTHORITY
JANUARY 8, 1998
PAGE 2
4. Request Approval of Claims.
Mr Enzbrenner
Attachment #4
5. Presentation of Financial Report.
Ms Bishop
Attachment #5
6. Report from Economic Development Director
Mr Tobias
7. Unfinished Business
8. New Business
9. Adjournment
OWASSO ECONOMIC DEVELOPMENT AUTHORITY
MINUTES OF REGULAR MEETING
December 11, 1997
PRESENT
ABSENT STAFF PRESENT
Frank Enzbrenner
Rodney Ray
Gary Akin
Sherry Bishop
Brian Smith
Robert Carr
Mark Wilken
Marsha Hensley
Tom Kimball
Alan Anderson
Brenda Lawrence
ITEM 1: CALL TO ORDER
Chairperson Frank Enzbrenner called the meeting to order at 10:09 AM and declared a quorum
present.
ITEM 2: ROLL CALL
Ms. Julie Warren from INCOG was introduced to the Authority.
ITEM 3: REQUEST APPROVAL OF MINUTES OF NOVEMBER 13, 1997
REGULAR MEETING AND NOVEMBER 18 1997 SPECIAL MEETING
Motion was made by Mr. Anderson and seconded by Mr. Wilken, to approve the minutes of the
November 13, 1997 regular meeting and November 18, 1997 special meeting. A vote on the
motion was recorded as follows:
Anderson - Yes
Smith - Yes
Lawrence - Yes
Akin - Yes
Kimball - Yes
Enzbrenner - Yes
Wilken - Yes
The motion carried 7 -0.
ITEM 4: REQUEST APPROVAL OF CLAIMS
Mr. Kimball moved to approve the current claims in the amount of $26,662.33 to Brown
Construction Company. Motion was seconded by Mr. Kimball. A vote on the motion was
recorded as follows:
OWASSO ECONOMIC DEVELOPMENT AUTHORITY
December 11, 1997
Page No. 2
Anderson - Yes
Smith - Yes
Lawrence - Yes
Akin - Yes
Kimball - Yes
Enzbrenner - Yes
Wilken - Recuse
The motion carried 6 -0.
ITEM 5: PRESENTATION OF FINANCIAL REPORT
Report was given by Ms. Bishop.
ITEM 6: CONSIDERATION AND APPROPRIATE ACTION RELATING TO AN
APPLICATION FOR PAYMENT FROM BROWN CONSTRUCTION
COMPANY IN THE AMOUNT OF $26.662.33. FOR CONTRACTED
WORK COMPLETED AT THE ONG WORK CENTER PROJECT.
Mr. Enzbrenner presented the item to the Trustees. Mr. Anderson moved, seconded by Mr.
Smith, to approve an application for payment in the amount of $26,662.33 to Brown
Construction. A vote on the motion was recorded as follows:
Anderson - Yes
Smith - Yes
Lawrence - Yes
Akin - Yes
Kimball - Yes
Enzbrenner - Yes
Wilken - Recuse
The motion carried 6 -0.
ITEM 7: CONSIDERATION AND APPROPRIATE ACTION RELATING TO AN
INVOICE FOR PAYMENT FROM THE OWASSO PUBLIC WORKS
AUTHORITY IN THE AMOUNT OF $5.102.50 FOR PROVISION OF THE
FUTURE CONSTRUCTION OF A DOWNSTREAM RELIEF SEWER
SERVING THE ONG FACILITY.
OWASSO ECONOMIC DEVELOPMENT AUTHORITY
December 11, 1997
Page No. 3
The Trustees were briefed on the above item. Mr. Smith moved to approve an invoice for
payment from the Owasso Public Works Authority in the amount of $5,102.50. Motion was
seconded by Mr. Kimball. A vote on the motion was recorded as follows:
Anderson - Yes
Smith - Yes
Lawrence - Yes
Akin - Yes
Kimball - Yes
Enzbrenner - Yes
Wilken - Recuse
The motion carried 6 -0.
YPEM 8: DISCUSSION RELATING TO TBE NEED TO CONSIDER THE
IMPLEMENTATION OF A MAIN STREET PROGRAM.
Mr. Tobias presented a report on the feasibility of redeveloping Main Street and the downtown
corridor. Also discussed, was the possibility of preparing a series of steps or recommendations
to be taken, then be presented at the next meeting. There were questions regarding what type
of business would go into that area. Ms. Julie Warren from INCOG made a brief presentation
concerning the focus of an overall master plan on this economically distressed area.
ITEM 9: DISCUSSION RELATING TO THE NEED TO CONSIDER THE
DEVELOPMENT OF A TAX INCREMENT FINANCING DISTRICT.
Preliminary discussions on the need to explore new funding mechanisms in the Enterprise Zone
a reinvestment zone were discussed.
ITEM 10: REPORT FROM DIRECTOR OF ECONOMIC DEVELOPMENT
Mr. Tobias briefed the Authority on the status of several economic development projects and
prospects.
ITEM 11: UNFINISHED BUSINESS
None
ITEM 12:
None
OWASSO ECONOMIC DEVELOPMENT AUTHORITY
December 11, 1997
Page No. 4
ITEM 13: ADJOURNMENT
Mr. Anderson moved to adjourn, seconded by Mr. Wilken. A vote on the motion was recorded
as follows:
Anderson - Yes
Smith - Yes
Lawrence - Yes
Akin - Yes
Kimball - Yes
Enzbrenner - Yes
Wilken - Yes
Motion carried 7 -0 and the meeting was adjourned at 11:05 AM.
Frank Enzbrenner, Chairperson
Date Approved .
City of Owasso
Owasso Economic Development Authority
Schedule of Revenues and Expenses
For the Month Ending December 31, 1997
* *Note: For the purposes of this report, "Fund balance" includes only
current assets and current liabilities.
MTD
YTD
Operating income:
Contributions
$0.00
$0.00
Sale of property
0.00
0.00
Other
79.91
445.87
Total revenues
79.91
445.87
Operating expenses:
Materials & supplies
0.00
0.00
Services & other charges
0.00
625.00
Capital outlay
0.00
0.00
Total expenses
0.00
625.00
Operating income (loss)
(179.13)
79.91
Non - operating income (expenses):
Proceeds of construction loan
26,662.33
227,193.97
ONG Work Center Project
(31 764.83)
(232,296.47)
Total non - operating income (expenses)
(5,102.50)
(5,102.50)
Net income (loss)
(5,281.63)
(5,022.59)
Fund balance ** 07/01/97
$38,273.53
Fund balance ** 12131/97
$32,991.90
* *Note: For the purposes of this report, "Fund balance" includes only
current assets and current liabilities.
MEMORANDUM
TO: THE OWASSO ECONOMIC DEVELOPMENT AUTHORITY
CITY OF OWASSO
FROM: ROBERT M. TOBIAS, JR.
DIRECTOR OF ECONOMIC DEVELOPMENT
SUBJECT: MONTHLY REPORT
DATE: January 8, 1998
The following represents an overview of the various activities on which staff has been
working:
ECONOMIC DEVELOPMENT PROJECTS:
Vision Owasso. A forum is under consideration for mid January, in which the various
activities encompassed by the Vision Owasso Program are summarized, along with the
preliminary announcement of the community vision statement. The process, which will
be followed to produce a strategic economic community development plan, will also be
outlined and discussed at this time to secure a consensus.
The completion of the Vision Owasso program has resulted in an increase in volunteers
to serve on four standing committees, inclusive of economic development, leadership,
infrastructure and quality of life. In an effort to provide the OEDA with a community-
based perspective on these issues, the board may consider having these committees report
to the OEDA on an as- needed basis.
Industrial Development. The lack of available land zoned for industrial uses limits the
effectiveness of recruitment efforts. Based upon the ongoing development of the city's
comprehensive plan, staff is presenting information related to properties located at
Cherokee Industrial Park and certain properties along U.S. Highway 169 and 1161' Street
North, to prospective industrial users.
Downtown Redevelopment. Staff is coordinating preliminary discussions with a private
developer that has expressed an interest in serving as the primary developer of our
downtown redevelopment effort. By redeveloping and working proactively to attract new
retail, commercial and housing construction in this targeted area, we can resurrect this
area and create a focal point for the community. Additionally, property values will be
increased, sales taxes will increase and the quality of life will be improved for residents
in close proximity to this area, as well as residents from throughout the Owasso service
area. This program will also contribute to our community response to the major
employers at Cherokee Industrial Park, which have expressed the need to increase the
level of retail and business services in their immediate service area.
Staff continues to collaborate with the various taxing entities that would be impacted by
the creation of a Tax Increment Financing District (TIF) to support targeted areas of
redevelopment, such as the downtown corridor. A TIF is an innovative technique of
financing and encouraging economic development projects. A TIF allows a municipality
to designate special districts in which public improvements are made in order to attract
private development. Simply defined, a TIF is a method of funding public improvements
in an area of redevelopment by capturing for a time, all or a portion of the increased tax
revenue that may result if the redevelopment stimulates private investment.
Business Park/Commercial Development. Due to the large number and size of
available tracts along U.S. Highway 169, staff is exploring a variety of speculative office
and commercial developments in this corridor. Additionally, the completion and
occupancy of the ONG service center, coupled with the recent announcement by Hillcrest
Healthcare, will serve as the impetus to attract new retail and commercial investment and
jobs to this strategically located corridor of the city.
Transportation Initiatives. Staff is proceeding with the development of a regional
coalition of private and public sector supporters of the widening of the 76° Street North
corridor between U.S. Highway 75 and U.S. Highway 169. Preliminary discussions are
being coordinated with the major employers at Cherokee Industrial Park to explore the
extent of their interest and support in lobbying for this key transportation initiative. Upon
gaining the support of these major employers, contact will be made with other key private
and public entities, prior to preparing for a formal request to the appropriate
governmental entities.
Staff is also continuing to explore the provision of transit services between Owasso and
the Cherokee Industrial Park, as well as the Tulsa International Airport. Both Tulsa
Transit and a private transit provider have been requested to facilitate the activities
related to the provision of this public service. The provision of this service to Owasso
during the lunch time frame, is anticipated to increase the interest of commercial
development in the downtown corridor, resulting in a substantial increase in sales tax
collections.
Image Enhancements. A program to enhance the image of the Owasso area is also in its
inception. Participants of Vision Owasso and other local and regional resources will be
solicited to assess our current marketing materials and communications mediums.
Preliminary activities will focus on evaluating the current manner in which the city is
marketed, such as:
• Enhancement of our Web page
• Assessment of our current marketing materials
• Communications with our ally network
• Development of a strategic local, regional and state media and communications
campaign
ECONOMIC DEVELOPMENT PROSPECTS:
Attached is an illustration of the types of prospects, the scope of investment and the
number of jobs to be created by prospects on which staff is working. Below are those
prospects representing a high degree of priority:
Warehouse /distribution company. The companies involved with this joint venture are
continuing their market assessment effort. The scope of this project may be expanded to
represent a capital investment of up to $12 million, as compared to the initial projection
of $4 million.
Omni Entertainment. The Oklahoma Department of Commerce (ODOC) has approved
the expansion of the Enterprise Zone per the attached correspondence. This action
automatically reclassifies this economically distressed corridor of the city as a
reinvestment zone, providing the foundation for the consideration of a special district or
TIF.
In summary, staff continues to work on a variety of economic community development
projects, which will increase the property and sales tax base, plus add jobs. To reiterate,
the three primary areas of focus continue to be on:
• The facilitation of programs and services to assist our existing manufacturing base
• Development of a program to facilitate the redevelopment of our downtown corridor
• Consideration for the speculative development of a multi -tenant office building along
the U.S. Highway 169 corridor.
Staff is actively involved on projects, which could potentially produce over $80 million
of new property tax base and create more than 3,000 jobs, which would also result in a
significant increase in sales tax collection for the city.
ECONOMIC DEVELOPMENT PROJECT STATUS
Company Name
Capital Investment
Jobs
National Steak & Poultry
100
Precision Components
15
Warehouse /Distribution
$12,000,000
30
Omni Entertainment
$3,000,000
75
Hope Lumber
*
3
Hillcrest Healthcare
$14,000,000
30
Downtown Redevelopment
$5,000,000
100
Tulsa Federal Employees CU
*
10
Woods Precision
$1,000,000
10
Speculative office building
$1,000,000
50
TOTAL OWASSO
$36,000,000
423
Company Name
Capital Investment
Jobs
WorldCom
$15,000,000
3,000
Nordam Group
$7,500,000
100
Laufen International
$1,500,000
30
Alliance Business Center
$2,000,000
75
Alliance Business Center II
$3,000,000
150
CHEROKEE INDUSTRIAL PARK
$29,000,000
3,355
TOTAL OWASSO AREA
$65,000,000
3,778
January 1998
VISION OWASSO
COMMUNITY PRIORITIES
Major Issue
Ranking
Lack of commercial development
115
Inadequate streets
107
Uncontrolled growth
103
Deterioration of downtown
93
Scope of education
93
Not enough street lighting
51
Traffic
49
Lack of medical facility
48
Create community focal point
47
Lack of incentives for economic development
42
Insufficient ad valorem tax base
38
Inclusive to establish diversity
36
More restaurants
36
Greenbelts
35
Lack of economic development financing
33
Need cultural arts
32
Marketable image
32
Maintenance of public schools
32
January 1998