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Home My WebLink About1996.04.11_OEDA AgendaMarsha Hensley PUBLIC NOTICE OF A REGULAR MEETING OF THE OWASSO ECONOMIC DEVELOPMENT AUTHORITY TYPE OF MEETING: Regular DATE: April 11, 1996 TIME: 10:00 a.m. PLACE: Owasso City Hall Conference Room 207 S Cedar, Owasso, OK Notice and Agenda filed in the office of the City Clerk and posted on the City Hall bulletin board at 1:00 p.m. on Monday, April 8, 1996 Timothy D. Roc(n4y, Community DevelopAnt Director AGENDA 1. Call to Order Mr. Kimball 2. Request Approval of the Minutes of March 14, 1996 Regular Meeting ..Mr. Kimball 3. Request Approval of Claims Ms. Bishop 4. Presentation of Financial Report Ms. Bishop Owasso Economic Development Authority April 11, 1996 Page No. 2 5. Discussion Regarding Stolle Products Proposal Mr. Kimball 6. Discussion and Update Regarding Ongoing Economic Development .. Mr. Kimball 7. New Business Mr. Kimball 8. Adjournment Mr. Kimball OWASSO ECONOMIC DEVELOPMENT AUTHORITY MINUTES OF REGULAR MEETING March 14, 1996 The Owasso Economic Development Authority met in regular session on Thursday, March 14, 1996 in the Owasso City Hall Conference Room per the Notice of Public Meeting and Agenda posted on the City Hall bulletin board at 1:00 p.m. on Monday, March 11, 1996. PRESENT Tom Kimball Gary Akin Alan Anderson Frank Enzbrenner Charles Burris Bill Retherford Brenda Lawrence ITEM 1: CALL TO ORDER ABSENT STAFF PRESENT Rodney Ray Sherry Bishop Marsha Hensley Ron Cates Chairperson Tom Kimball called the meeting to order at 10:03 a.m and declared a quorum present. ITEM 2: REQUEST APPROVAL OF THE MINUTES OF FEBRUARY 8,199 REGULAR MEETING Mr. Retherford moved, seconded by Mr. Enzbrenner, to approve the minutes as submitted. A vote on the motion was recorded as follows: Kimball - Yes Enzbrenner - Yes Anderson - Yes Retherford - Yes Lawrence - Yes Akin - Yes Burris - Yes Motion carried 7-0. ITEM 3: REQUEST APPROVAL OF THE MINUTES OF FEBRUARY 13, 1996 SPECIAL MEETING Mr. Burris moved, seconded by Mr. Anderson, to approve the minutes as submitted. A vote on the motion was recorded as follows: Kimball - Yes Enzbrenner - Yes Anderson - Yes OWASSO ECONOMIC DEVELOPMENT AUTHORITY March 14, 1996 Page No. 2 Retherford - Yes Lawrence - Yes Akin - Yes Burris - Yes Motion carried 7-0. ITEM 4: REQUEST APPROVAL OF THE MINUTES OF FEBRUARY 20, 1996 SPECIAL MEETING Mr. Retherford moved, seconded by Mr. Anderson, to approve the minutes as submitted. A vote on the motion was recorded as follows: Kimball - Yes Enzbrenner - Yes Anderson - Yes Retherford - Yes Lawrence - Yes Akin - Yes Burris - Yes Motion carried 7-0. ITEM 5: REQUEST APPROVAL OF CLAIMS Mr. Burris moved to approve the current claims in the amount of $264.70 to Ronald D. Cates. Motion was seconded by Mr. Anderson. Mr. Akin stated an invoice for $1,000.00 for the Owasso Chamber of Commerce Home & Garden Show was submitted for approval but was not on the claims list. Mr. Enzbrenner moved that we add the invoice for the Home & Garden Show to the list of the approved claims, seconded by Mr. Retherford. A vote on the motion was recorded as follows: Kimball - Yes Enzbrenner - Yes Anderson - Yes Retherford - Yes Lawrence - Yes Akin - Yes Burris - Yes Motion carried 7-0. ITEM 6:. PRESENTATION OF FINANCIAL REPORT OWASSO ECONOMIC DEVELOPMENT AUTHORITY March 14, 1996 Page No. 3 Report was given by Ms. Bishop. ITEM 7: CONSIDERATION & APPROPRIATE ACTIONS CONCERNING PURCHASE OF REAL PROPERTY FROM STAR MENTAL HEALTH INC.. INCLUDING APPROVAL OF ANY CONTRACT AMENDMENTS AND AUTHORIZING EXPENDITURES OF FUNDS FOR EARNEST MONEY Mr. Ray stated that all changes on the contract have been accomplished by Mr. Cates and Mr. Hardin. The contract should be delivered to Mr. Enzbrenner on March 15, 1996. Mr. Burris moved to approve contracts, amendments and authorization of expenditures of funds for earnest money, seconded by Mr. Anderson. A vote on the motion is recorded as follows: Kimball - Yes Enzbrenner - Recuse Anderson - Yes Retherford - Yes Lawrence - Yes Akin - Yes Burris - Yes Motion carried 6-0. ITEM 8: UPDATE ON NATIONAL STEAK & POULTRY Mr. Kimball announced that ribbon cutting ceremonies for National Steak & Poultry will be April 25, 1996. The final phase on the road construction will be in June with completion being in October. ITEM 9: UPDATE ON BETTY SMITH BUSINESS PARK Mr. Kimball stated the preliminary plat for the Betty Smith Business Park was approved by the Planning Commission on March 12, 1996. ITEM 10: COORDINATOR'S REPORT Mr. Ray informed the Authority of the request of Three Lakes Apartments wanting to lease apartments before entire project is finished. Tulsa Equipment Company and a tire recycling project is in process. ITEM 11: UNFINISHED BUSINESS None OWASSO ECONOMIC DEVELOPMENT AUTHORITY March 14, 1996 Page No. 4 ITEM 12: NEW BUSINESS None ITEM 13: ADJOURNMENT Mr. Retherford moved to adjourn, seconded by Ms. Lawrence. A vote on the motion was recorded as follows: Kimball - Yes Enzbrenner - Yes Anderson - Yes Retherford - Yes Lawrence - Yes Akin - Yes Burris - Yes Motion carried 7-0 and the meeting was adjourned at 11:15 a.m. Tom Kimball, Chairperson Date Approved CITY OF OWASSO OWASSO ECONOMIC DEV. AUTHORITY 4/8/96 12:51:03 A/P CLAIMS REPORT APAPVR PAGE: 1 PO # VENDOR DESCRIPTION AMOUNT ECONOMIC DEVELOPMENT 961975 RONALD D CATES LEGAL SERVICES 1,53.86 961976 LONNIE HARDIN CONTRACT LABOR 150.00 962038 TUTTLE & ASSOCIATES INC ENGINEERING SERVICES 7,000.00 962043 TUTTLE & ASSOCIATES INC NSP SURVEY 412.50 DEPARTENT TOTAL > 8,616.36 FUND TOTAL > 8,616.36 GRAND TOTAL > 8,616.36 City of Owasso Owasso Economic Development Authority Schedule of Revenues and Expenses For the month ending March 31, 1996 Revenues Transfer from City - General Fund Contributions Sale of property Other Total revenues Expenses Current operating -- Materials & supplies Services & other charges Capital outlay Total expenses Excess (deficiency) of revenues over expenses Retained earnings 07/01/95 Retained earnings 03/31/96 MTD YTD $0.00 $0.00 0.00 27,000.00 46,000.00 46,000.00 62.75 336.11 46,062.75 73,336.11 0.00 299.92 1,264.70 6,734.04 38,993.00 44,555.43 40,257.70 51,589.39 $5,805.05 21,746.72 13,726.69 $35,473.41