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HomeMy WebLinkAbout2022.05.12_OEDA AgendaPUBLIC NOTICE OF THE MEETING OF THE OWASSO ECONOMIC DEVELOPMENT AUTHORITY Owasso City Hall, Community Room 200 South Main Street, Owasso, OK Thursday, May 12, 2022 - 10:00 AM NOTE: APPROPRIATE ACTION may include, but is not limited to: acknowledging, affirming, amending, approving, authorizing, awarding, denying, postponing, or fabling. 1. Call to Order David Charney, Chair AGENDA RECEIVED MAY 10 2022 City Clerk's Office 2. Consideration and appropriate action relating to a request for approval of the Consent Agenda. (All matters listed under "Consent" are considered by the Trustees to be routine and will be enacted by one motion. Any Trustee may, however, remove an item from the Consent Agenda by request. A motion to adopt the Consent Agenda is non - debatable.) A. Approve minutes of the April 14, 2022 Regular Meeting (Attachment) B. Accept monthly financial report (Attachment) 3. Consideration and appropriate action relating to items removed from the Consent Agenda 4. Report from Assistant City Manager (Attachment) Chris Garrett A. Community Development Report B. Public Works Project Status Report C. Sales Tax Report and Revenue Outlook S. Consideration and appropriate action relating to the FY 2022 -23 Hotel Tax Fund 3% Expenditures Linda Holt (Attachment) 6. Consideration and appropriate action relating to Resolution No. 2022 -01 approving the OEDA FY 2022 -23 Annual Operating Budget Chris Garrett (Attachment) Staff recommends approval of Resolution 2022 -01. 7. Report from City Manager S. Report from Trustees 9. New Business (New Business is any item of business which could not have been foreseen at the time of posting of the agenda) 10. Adjournment Notice of Public Meeting filed in the office of the City Clerk on Friday, December 10, 2021, and the Agenda posted at City Hall, 200 South Main Street, at :00 pm on Tuesday May 10, 2022. Chris Garrett, sistant City Manager The City of Owosso encourages citizen participation. To request an accommodation due to a disability, contact the City Clerk at least 48 hours prior to the scheduled meeting by phone 918- 376 -1502 orby email to istevens@citvofowasso.com OWASSO ECONOMIC DEVELOPMENT AUTHORITY MINUTES OF REGULAR MEETING THURSDAY, April 14, 2022 The Owasso Economic Development Authority met in regular session on Thursday, April 14, 2022, at City Hall in the Community Room, 200 South Main Street, Owasso, Oklahoma per the Notice of Public Meeting filed December 10, 2021, and the Agenda filed in the office of the City Clerk and posted at City Hall, 200 S Main Street at 5:00 pm on Tuesday, April 12, 2022. tlW4nI1t7*7i:t_i Chair David Charney called the meeting to order at 10:00 am. Present: Absent Chair - David Charney Trustee - Skip Mefford Vice Chair- Bryan Spriggs Trustee - Chelsea Feary Trustee - Dirk Thomas Trustee - Alvin Fruga Trustee - Dee Sokolosky A quorum was declared present. 2. Consideration and appropriate action relating to a request for approval of the Consent Agenda. (All matters listed under "Consent" are considered by the City Council to be routine and will be enacted by one motion. Any Councilor may, however, remove an item from the Consent Agenda by request. A motion to adopt the Consent Agenda is non - debatable.) A. Approve minutes - March 10, 2022 B. Accept monthly financial report Dr. Thomas moved, seconded by Dr. Spriggs to approve the Consent Agenda, as presented. YEA: Sokolosky, Spriggs, Thomas, Fruga, Feary, Charney NAY:None Motion carried: 6 -0 3. Consideration and appropriate action relating to items removed from the Consent Agenda None 4. Economic Development Strategic Plan Quarterly Report and Owasso Chamber of Commerce Initiatives and Opportunities Chelsea Feary presented the item and discussion was held. 5. Report from Assistant City Manager A. Community Development Report B. Public Works Project Status Report C. Sales Tax Report and Revenue Outlook Chris Garrett introduced Alexa Beemer to present item A and discussion was held. Roger Stevens presented item B and discussion was held. Linda Holt presented item C and discussion was held. 6. Discussion of Owasso Economic Development Authority Purpose and Responsibilities Warren Lehr reported on the history of Economic Development Authority, and utilization of the Hotel Tax Fund. Discussion was held. 7. Discussion of Open Meeting Act Requirements Warren Lehr reviewed the Open Meeting Act as it relates to governing bodies, and meeting agenda items. Discussion was held. OEDA Minutes April 14, 2022 Page 2 8. Report from City Manager Warren Lehr reported on recent Tulsa World article about the City of Owasso, and the Single - Family downsizing trends. Discussion was held. 9. Report from Trustees Chelsea Feary extended invitation to visit the Owasso Chamber; Alvin Fruga reported on the Owasso Day at the Capitol; and Dee Sokolosky requested to have Hotel Tax Fund spending item placed on the next agenda. 10. New Business (New Business is any item of business which could not have been foreseen at the time of posting of the agenda) None 11. Adjournment Dr. Thomas moved, seconded by Dr. Spriggs to adjourn the meeting. YEA: Sokolosky, Spriggs, Thomas, Fruga, Feary, Charney NAY: None Motion carried: 6 -0 and the meeting adjourned at 11:24 am. Chris Garrett, Assistant City Manager Owasso Economic Development Authority Statement of Revenues, Expenses and Changes in Fund Net Assets For the Month Ending April 30, 2022 MTD YTD Budget Operating Revenues $0.00 Operating Expenses: Materials & supplies Services & other charges 5,000.00 Capital outlay Total Operating Expenses 5,000.00 Operating Income (Loss) (5,000.00) Non - Operating Revenues (Expenses): Investment income 2.89 28.99 60.00 Promissory note revenue RAN debt service & other costs Transfer from Hotel Tax Fund Total non - operating revenues (expenses) 2.89 28.99 $60.00 Net income (loss) before contributions and transfers 2.89 28.99 (4,940.00) Transfer to general fund Change in net assets 28.99 2.89 (4,940.00) Total net assets - beginning 9,441.00 9,441.00 Total net assets - ending $9,469.99 $4,501.00 TO: The Honorable Chair and Trustees Owasso Economic Development Authority FROM: Community Development Department SUBJECT: Development Report DATE: May 1, 2022 NEW COMMERCIAL DEVELOPMENT •N /A •M Coach Bus Company —west of NW corner of E 1065t N and N Garnett Rd o5pecific Use Permit allowing a passenagr transportation facility in a Commercial Shopping District will be reviewed by Council on 6/21/22 •Drive-Thru Coffee Shop -11940 E 86 St N oRezoning request from Office to Commercial Shopping to be reviewed by Council on 5/17/22 oAssociated Variance (OBOA 22 -03) to allow for a reduction in lot width approved by Board of Adjustment on 4/26/22 *Robinson Tract South of TTC mixed -use development— E 106 St N and US-169 oRezoning request from Agriculture to Commercial General and Residential Multi - family zoning approved by Council on 12/21/21 •Red Bud Village mixed -use development— East side of N 137 E Ave, between N 106 St N and N 116 St N oCouncil approved Ordinance 1180, approving PUD 21 -01 on 7/20/21 -Caffeine Corner Addition -SE corner of 106 St N & US -169 oCouncil will review plat on 6/21/22 • CVP Owasso DB - East of NE corner of 116 St N and N 129 E Ave oCouncil will review plat on 6/21/22 •Ator Commercial Center- 505 E 19 St N oLot Split approved by Planning Commission on 4/11/22 -Casa del Mar -SE cornerof 86 & Memorial oPlat approved by Council on 2/15/22 *Trinity Church— NW corner of E 76 St N and N Memorial Or oFinal plat approved by Council on 1/19/21 oPlat filed week of 3/28/22 -Bible Church of Owasso -11121 N 129 E Ave oFinal plat will be reviewed by Council soon •Drive-Thru Coffee Shop -11940 E 86 St N oSite Plan reviewed by TAC on 4/20/22 *First Christian Church Owasso (addition)- 10100 N Garnett Rd oSite Plan approved •QuikTrip Carwash Addition- 9600 N Garnett Rd oCouncil approved Specific Use Permit (SUP) on 3/15/22 oSite Plan approved •Braum's — Garrett Creek Center —11432 E 135 E Ave aliber Collision —9155 N Owasso Expressway 1 ndy's Frozen Custard- Smith Farm Village, 96 & Garnett hipotle- Smith Farm Village, 96 & Garnett I! irdy Jo Coffee- SW corner of 86 & Main ental Depot- Garnett Rd, north of Slim Chicken xus Financial —8901 N 145 E Ave D North Business Park— E 106 St N and N 135 E Ave 'endy's —11298 N 135 E Ave -Pizza Hut -11412 N 134 E Ave 4B -Vines Office Park- 11595 E 116 St •Airtopia Adventure Park- 12932 E 86 St N *Ascension St. John Rehabilitation Hospital — E 86 St N and N 136 E Ave *Dr. Curtis Dental — 9050 N Garnett Rd -Warren Clinic —13691 E 116th St N •Criterion Project, mixed -use development —11298 N 135 E Ave •Granny & Dot's Daycare- SW corner of E 86 St N and N 145 E Ave •Helscel- Huneryager Industrial Park — 7300 N 115 E Ave •Jiffy Lube (Formerly Grease Monkey Garage) -13311 E 116 St N •A New Leaf Community —SE corner of E 86 St N and N Memorial Dr EXPANSION OF EXISTING COMMERCIAL • Chick -FII -A Expansion- 12015 E 96 St • Site Plan reviewed by TAC on 2/16/22 • Building permit under review • McAlister's Deli - 8529 N 129 E Ave • Relocated to 12922 E 86 St N (former Pizza Hut location) • Now open, as of 4/13/22 • Garnett Medical Center (Vision Source) - 10304 N Garnett Rd o Under construction • Attic Storage- 11500 E 80 St o Under construction • Owasso Cemetery- 11811 E 76 St o Adding accessory structure • Rejoice Christian School- 13413 E 106 St o Added an additional ticket booth for their football field REDBUD DISTRICT DEVELOPMENT Now Open Coming Soon • Wlld Ivy (2nd Location)- 108 W 1 Ave • Britton Flats- NW corner of W 1 St and N Atlanta • Opened in 03/2022 o TAC will review Site Plan on 5/18/22 • Best Little Hair House- 108 W 1 Ave • Tyner Townhome Development- 108 N Atlanta • Opened in 03/2022 o Site Plan approved o Under construction • Freedom Light Therapy- 425 W 2 Ave • Foster's (Expansion)- 105 E 2 St o Opened in 03/2022 o Site Plan approved o Civil plans and building permit under review • Just a Bite Bakery- 103 W 3 St • Tyner Quadplex Development- 203 E 3rd St N o Opened in 10/2021 o TAC reviewed Site Plan on 2/16/22 o Under construction • Edward Jones & Read Smart- old Kum & Go • Potential Library Expansion o Opened in 09/2021 o TCCL held a townhall meeting on potential expansion in 01 /2022 • 123 E Broadway - Future site for Redbud District • Community Center Patio /Outdoor Classroom Parking o Bid awarded to Grasssoluttons LLC to o Land donated from Anchor Stone construct addition at 3/15/22 Council meeting Company of approximately 6,367 sf for the o Under Construction purpose of future parking • Mowery Development- SW Corner of N Main St &W1Ave o Dr. Whitney M. Ellsworth PT clinic opened 12/2021 NEW RESIDENTIAL DEVELOPMENT o Lot Split to be reviewed by Planning Commission on 6/13/22 oWould split 3.99 acre Into 2 new lots, to allow for one of the new lots to be platted as part of the Morrow Place Phase III subdivison • Wolfe Property -13637 E 79 St N clot Split to be reviewed by Planning Commission on 5/9/22 oWould split 20 acre, Agriculture -zoned lot into 2 new lots for single- family homes -Morrow Place Phase 111- South of 1265t N & west of 135 E Ave o98 single - family lots oPreliminary Plat approved by Planning Commission on 4/11/22 •Hawthorne at Stone Canyon, Phase IP SW of the intersection of E 76 ST N and N 193 E Ave 078 single - family lots oPreliminary Plat approved by Planning Commission on 2/7/2022 -Smith Farm Village -SE corner of E 96 St N and N Garnett Rd o62 single- family lots, to serve as dedicated rental community oPreliminary Plat (for residential portion) approved by Planning Commission in 10/2021 •Hawk's Landing —South side of E 76 St N and N 154 E Ave o 70 single - family lots oFinal plat approved by City Council on 9/15/2020 *Keys Landing II —West of N 129 E Ave and south of E 76 St N o 97 single - family lots oFnal plat approved by Council on 12/21/21 *Casa del Mar (apartment portion) -SE corner of 86 & Memorial 0240 unit multi - family complex, to be built in phases oFinal Plat was approved by Council on 2/15/22 •Reunion at Owasso Phase II- NW corner of E 98 St N & N 119 E Ave (behind Lowes) 026 unit multi - family complex for seniors oSite Plan reviewed by TAC on 3/16/22 *Owasso Baptist Children's Home- SW corner of E 76 St N and N 129 E Ave 033 housing units o5ite Plan reviewed by TAC 1/19/22 -Parker (formerly "Emery") Village — NE of the intersection of E 106 St N and N Garnett Rd 0380 multi - family unit apartment complex 0110 single - family lots oSite Plan for Parker Village (apartments) reviewed by TAC on 9/16/2020 0104 unit detached multi - family complex *Hawthorne at Stone Canyon, Phase I — SW of the intersection of E 76 ST N and N 193 E Ave 044 of 56 single - family lots remaining -Presley Hollow — North side of 76 St N and N 161 E Ave o70 of 197 single - family lots remaining •Reunion at Owasso — NW corner of E 98 St N & N 119 E Ave (behind Lowes) 022 unit multi - family complex for seniors •Township 21 Apartments — south of E 86 St N and west of N 145 E Ave 057 unit mult- family complex •Stone Creek of Owasso — SW Corner of E 76 St N and N 161 E Ave 091 of 100 single - family lots remaining *Morrow Place Phase II — SE corner of E 126 St N and N 129 E Ave 016 of 79 single - family lots remaining RESIDENTIAL SINGLE FAMILY NEW CONSTRUCTION MONTH END REPORT APRIL 2022 Month 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 1 January 15 22 12 15 9 8 9 9 7 35 2 February 26 21 19 26 15 8 8 4 8 11 3 March 27 31 23 18 55 19 4 12 9 8 4 April 26 36 27 23 20 17 6 8 49 25 5 May 19 17 15 9 11 20 4 5 19 6 June 19 12 11 31 5 7 5 22 24 7 July 27 23 20 16 9 14 11 11 34 8 August 18 19 33 15 12 6 6 35 17 9 September 28 15 13 15 6 2 7 17 33 10 October 15 19 23 12 7 3 21 7 24 11 November 7 21 25 6 19 7 2 10 20 12 December 11 34 7 3 9 6 3 7 14 Totals 238 270 226 189 177 117 88 147 258 79 YTD 94 110 81 82 99 52 27 33 73 79 APRIL YEAR -TO -DATE COUNT 120 100 80 60 200 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 APRIL 94 110 1 81 82 99 52 1 27 33 73 79 APRIL YEAR -TO -DATE DOLLARS 12,000,000 10,000,000 8,000;000 6,000,000 4,000,000 2,000,000 APRIL 2019 2020 2021 2022 6,434,270 3,479,135 4.633,355 11,237,781 11,113,410 CITY OF OWASSO RESIDENTIAL LOT INVENTORY STATUS April 30th, 2022 SUBDIVISION Carrington Pointe II (11/16) Charleston Place (4/19) Estates at Morrow Place (9/17) Hawthorne at Stone Canyon (3/20) Morrow Place Phase II (2/21) Nottingham Hill (6/09) Presley Hollow (3/21) Stone Creek at Owasso (9/20) The Cottages at Mingo Crossing (3/19) TOTALS # OF LOTS # DEVELOPED # AVAILABLE 93 84 9 17 11 6 98 94 4 56 12 44 79 63 16 58 40 18 197 127 70 100 9 91 57 56 1 755 496 259 RESIDENTIAL MULTI - FAMILY NEW CONSTRUCTION MONTH END REPORT APRIL 2022 (Initial recording began May 2016) Month 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1 January 4 107 2 February 6 4 3 March 0 '13 0 64 0 22 0 4 April 12,000,000 4 6 5 May 6 June 282,040 7 July TOTAL NEW CONSTRUCTION DOLLARS FOR EACH YEAR 8 August 9 September 0 4 9 1,052,620 10 October 11 November 12 December 58 0 Totals 0 37 13 64 58 22 117 0 0 a YTD 0 23 4 64 0 22 117 0 0 0 Units part of mixed use projects. Construction dollars counted towards new commercial. APRIL YEAR -TO -DATE COUNT 140 120 100 80 40 20 2016 2017 2078 2019 2020 2021 2022 2023 2024 2025 APRIL 0 1 23 1 4 1 64 0 22 1 117 0 0 0 APRIL YEAR -TO -DATE DOLLARS 14,000,000 12,000,000 10,000,000 8,000,000 6,000,000 4,000,000 2,000,000 2018 2019 2020 2021 2022 APRIL 282,040 5,513,020 1,239,000 13,312,468 TOTAL NEW CONSTRUCTION DOLLARS FOR EACH YEAR 15,000,000 2018 2019 2020 2021 2022 TOTAL 1,052,620 5,513,020 4,800,000 1,239,000 13,312,468 COMMERCIAL NEW CONSTRUCTION MONTH END REPORT APRIL 2022 Month 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 1 January 1 1 1 2 2 0 0 1 1 0 2 February 1 0 2 1 0 0 3 0 0 3 3 March 0 1 2 0 2 3 2 1 1 8 4 April 4 0 2 0 0 0 0 0 3 2 5 May 0 0 0 0 1 2 1 0 0 6 June 1 2 3 2 0 1 1 2 2 7 July 1 0 0 2 0 2 0 2 2 8 August 0 0 0 2 2 1 2 0 2 9 September 0 3 2 3 1 1 2 1 3 10 October 4 0 1 2 0 0 0 1 0 11 November 1 3 1 1 2 1 0 1 3 12 December 1 2 0 0 0 0 0 0 1 Totals 14 12 14 15 10 11 11 9 18 13 YTD 6 2 7 3 4 3 5 2 5 13 APRIL YEAR -TO -DATE COUNT 10 8 6 2 0 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 APRIL 6 2 7 3 4 3 5 2 5 13 APRIL YEAR -TO -DATE DOLLARS 25,000,000 20,000,000 15,000,000 10,000,000 5,000,000 2018 2019 2020 2021 2022 APRIL 6,100,000 9,986,792 5,000,000 19,746,400 7,369,256 TOTAL NEW CONSTRUCTION DOLLARS FOR EACH YEAR 60,000,000 45,000,000 30,000,000 15,000,000 2021 2018 2019 2020 2022 TOTAL 39,943,741 17,040,600 25,640,180 56,068,466 7,369,256 Certificate of Occupancy Monthly List NAME APRIL 2022 ADDRESS Reasor's 11550 N 135 E Ave Dollar General 14499 E 86 St N McAlister's Deli 12922 E 86 St N Granny & Dots Daycare 8554 N 145 E Ave Freedom Light Therapy 435 E 2 Ave Uncle Paco's Mexican Grill 9013 N 121 E Ave Tommy's Carwash 13311 E 116 St N Best Little Hair House 108 W 1 Ave #D Wild Ivy (2nd location) 108 W 1st Ave #B Kohl's /Sephora (remodel) 12405 E 96 St N FEBRUARY 2022 Lush Nails (remodel) 11560 N 135 E Ave #105 Daisybelle Paw Spa 12500 E 86 St N Studio Nine One Eight 8263 N Owasso Exp #F JANUARY 2022 Oklahomies Mobile Gastronomy 11330 N Garnett Rd #C Attic Storage of Owasso 11500 E 80 St N #X & #Z Stanton Optical 12413 E 96 St N Wafu Ramen 9045 N 121 E Ave #500 DECEMBER 2021 Medwise Urgent Care 12939 E 116 St N Danq Bank 8571 N Owasso Exp #A -2 Three Dog Bakery 12500 E 86 St N 9106 Dr. Whitney M. Ellsworth 108 W 1 Ave #C Ah- Sigh -E 9530 N 128 E Ave #102 Advantage Diagnostic & MRI 7703 N Owasso Exp Humboldt Cannabis 422 E 22 St Limestone Construction 200 E 5 Ave NOVEMBER 2021 Behavioral Innovations Great Clips Lush Nails Waterstone Private Wealth Aces Owasso Skinworks Tattoo Studio 96st Nutrition & Energy OCTOBER 2021 Dighton -Moore Funeral Services NobiliTea (added drive -thru) Buff City Soap You Suck Vapes Enchanted Nail Bar Just A Bite Trifecta Salon Infinite Smiles Dentistry QuikTrip (remodel) 11412 N 134 E Ave #C2, #C3, & #C4 11412 N 134 E Ave #C5 11560 N 135 E Ave #105 9500 N 129 E Ave #106 9500 N 129 E Ave #114 8571 N Owasso Exp #B 9540 N Garnett Rd #112 116 N Main St 9031 N 121 E Ave #100 9018 N 121 E Ave #100 8571 N Owasso Exp #A 11412 N 134 E Ave Bld. B #6 103W3St 202 S Cedar St #C 11492 N 137 E Ave 11590 N 137 E Ave City of Owasso— 200 S. Ma.i. Si: Owasso, OK 74055 1-11�0101jd;jx:l0 4/7/2022 Yes 4/13/2022 Yes 4/13/2022 Yes 4/25/2022 Yes 3/1/2022 Yes 3/7/2022 Yes 3121/2022 Yes 3/31/2022 Yes 3/31/2022 Yes 3/31/2022 Yes 2/8/2022 Yes 2/10/2022 Yes 2/28/2022 Yes 1/1/2022 1/11/2022 1/14/2022 1/24/2022 12/2/2021 12/9/2021 12/10/2021 12/22/2021 12/28/2021 12/28/2021 12/30/2021 12/8/2021 11/5/2021 11/5/2021 11/6/2021 11/10/2021 11/11/2021 11/17/2021 11/23/2021 10/3/2021 10/6/2021 10/6/2021 10/7/2021 10/11/2021 10/12/2021 10/13/2021 10/19/2021 10/25/2021 Yes Certificate of Occupancy Monthly List NAME SEPTEMBER 2021 ADDRESS DATE COMPLETE Vera Jane Dispensary 11237 E 114 St N 9/14/2021 Yes Seven6Main 201 S Main St #201, #202, #203, & #205 9/20/2021 Yes Real Property Management Abound 9500 N 129 E Ave #230 9/23/2021 Yes Read Smart 307 E 2 St #A 9/27/2021 Yes Edward Jones 307 E 2 St #B 9/27/2021 Yes Mathnasium 12414 E 86 St N 9/27/2021 Yes AUGUST 2021 Medwise Urgent Care 11760 E 86 St N 8/18/2021 Yes Rejoice Christian Church —Field House 13407 E 106 St N 8/23/2021 Yes Blush Salon 8787 N Owasso Exp #1 8/23/2021 Yes Cookie 1013 10602 N 97 E Ave 8/24/2021 Yes Chinowith & Cohen 13512 E 116 St N 8/30/2021 Yes JULY 2021 Jillian's Little Jungle 11111 E 116 St N 7/8/2021 Yes Venus Venture Group 11215 N Garnett Rd Suite G 7/27/2021 Yes Bluestem Mercantile 201 S Main St #150 7/30/2021 Yes JUNE 2021 Firstitle & Abstract 12150 E 96 St N 617/2021 Yes QuikTrip — Kitchen Area Remodel 11502 E 76 St N 6/21/2021 Yes Viva on Main Apartments 101 W 2nd St #B, #C, #D, & #E 6/29/2021 Yes MAY 2021 Bill Knight Collision 8231 N Owasso Exp 5/25/2021 Yes PERMITS APPLIED FOR IN APRIL 2022 ADDRESS BUILDER ADD /ZONE VALUE A.S.F. PERMIT# 9035 N 121 E Ave #100 Panterra Construction SFMP /CS $ 49,500 2,936 22- 0401 -C 9510 N 143 E Ct Denham Homes NH /RS3 $ 165,000 3,000 22- 0402 -X 7805 N 144 E Ave Custom Pools CE /RS3 $ 65,000 700 22- 0403 -P 7809 N 130 E Ct AG &L Construction CM /RS3 $ 60,000 389 22- 0404 -P 108 N Atlanta St Tyner Homes OT /RS3 $ 1,100,000 8,946 22- 0405 -X 11811 E 76 St N Advance Homes OC /RS3 $ 6,245 420 22- 0406 -C 9236 N 141 E Ave The Diaz Framing CP /RS3 $ 188,100 3,420 22- 0407 -X 9816 N 100 E Ave Homeowner HC /RS3 $ 5,000 22 22- 0408 -X 14805 E 77 St N Executive Homes PH /RS3 $ 171,765 3,123 22- 0409 -X 15710 E 75 St N Shaw Homes SC /RS3 $ 151,910 2,762 22- 0410 -X 12506 N 132 E Ave Simmons Homes MPII /RS3 $ 133,265 2,423 22- 0411 -X 12502 N 132 E Ave Simmons Homes MPII /RS3 $ 118,635 2,157 22- 0412 -X 12408 N 132 E Ave Simmons Homes MPII /RS3 $ 118,635 2,157 22- 0413 -X 12410 N 132 E Ave Simmons Homes MPII /RS3 $ 123,695 2,249 22- 0414 -X 12412 N 132 E Ave Simmons Homes MPII /RS3 $ 133,265 2,423 22- 0415 -X 9516 N 144 E Ave Rams Construction NH /RS3 $ 186,560 3,392 22- 0416 -X 9520 N 144 E Ave Rams Construction NH /RS3 $ 218,295 3,969 22- 0417 -X 9506 N 144 E Ave Rams Construction NH /RS3 $ 170,445 3,099 22- 0418 -X 14401 E 94 St N Crosby Pools NH /RS3 $ 55,000 470 22- 0419 -P 13407 E 106 St N Trigon RCC /O $ 125,000 124 22- 0420 -C 7914 N 145 E Ct Executive Homes PH /RS3 $ 145,860 2,652 22- 0421 -X 7916 N 145 E Ct Executive Homes PH /RS3 $ 139,920 2,544 22- 0422 -X 7912 N 145 E Ct Executive Homes PH /RS3 $ 123,750 2,250 22- 0423 -X 14506 E 80 St N Executive Homes PH /RS3 $ 135,795 2,469 22- 0424 -X 14508 E 80 St N Executive Homes PH /RS3 $ 145,860 2,652 22- 0425 -X 14509 E 79 St N Executive Homes PH /RS3 $ 123,750 2,250 22- 0426 -X 14507 E 79 St N Executive Homes PH /RS3 $ 123,750 2,250 22- 0427 -X 14505 E 79 St N Executive Homes PH /RS3 $ 123,750 2,250 22- 0428 -X 14506 E 79 St N Executive Homes PH /RS3 $ 123,750 2,250 22- 0429 -X 14510 E 79 St N Executive Homes PH /RS3 $ 145,860 2,652 22- 0430 -X 7915 N 147 E Ave Executive Homes PH /RS3 $ 180,345 3,279 22- 0431 -X 14507 E 80 St N Executive Homes PH /RS3 $ 145,860 2,652 22- 0432 -X 7506 N 157 E Ct Shaw Homes SC /RS3 $ 139,535 2,537 22- 0433 -X 11412 N 134 E Ave #B Northstar Construction GCCCII /CS $ 329,625 1,825 22- 0434 -C 25 Single Family $ 3,677,355 66,861 SgFt 1 Multi Family $ 1,100,000 8,946 SgFt 1 Residential Remodel $ 5,000 22 SgFt 2 New Commercial $ 131,245 544 SgFt 2 Commercial Remodel $ 379,125 4,761 SgFt 3 Pool $ 180,000 1,559 SgFt 34 Total Building Permits 1 $ 5,472,725 1 82,693 SgFt City of Owasso Public Work Department STATUS REPORT May 12, 2022 • Garnett Road Widening (from E 96 St N to E 106 St N) - On September 3, 2019, ODOT approved the construction contract with Becco Construction. - Roadway is fully open to the public. - Trees and irrigation system are scheduled to be installed by June 2022. • Garnett Road Widenina (E 106 St N to E 116 St N - Engineering design is 95% complete. - Land acquisition is complete. - Utility relocation is expected to commence in July 2022, with completion by December 2023; followed by roadway construction. • Central Park / Lakeridae Stormwater Improvements - On April 20, 2021, City Council approved the stormwater improvement contract with Construction Enterprises, Inc. - Construction commenced in June 2021, with completion expected in June 2022. - Block wall installation continues as well as the earthwork behind the wall. • Minao and E 116 St N Intersection /E 116 St N from Minao to Garnett Road Improvements - Engineering design is 95% complete. - Mingo Rd and E 116 St N Intersection - ONG is expected to commence with utility relocation in June 2022, with completion by January 2023; followed by roadway construction. - E 116 St N Improvements from Mingo Rd to Garnett Rd - ONG is scheduled to commence with utility relocation in February 2023, with completion by September 2023; followed by roadway construction. • E 116 St N and Garnett Intersection /E 116 St N from Garnett to N 129 E Ave Improvements - On November 16, 2021, City Council approved the intersection improvement contract with Crossland Heavy Construction. - Construction commenced on February 21, 2022, with completion of the intersection improvements by August 2022. - Contractor continues to prepare subgrade and install water line. Additionally, concrete placement of the west and south bound lanes is in progress. - On April 19, 2022, City Council approved the roadway improvement contract from Garnett Rd to N 129 E Ave with Crossland Heavy Construction. - Construction is anticipated to commence in July 2022, with completion by October 2023. • E 96 St N from approximately N 119 E Ave to N 129 E Ave Improvements - Engineering design is approximately 95% complete. - Land acquisition is complete. - Utility relocation is scheduled to commence in August 2022, with completion by December 2023; followed by roadway construction. • Wastewater Treatment Plant Expansion - In December 2020, OPWA approved the construction contract with Crossland Heavy Construction. - Construction commenced in March 2021, with completion scheduled for March 2023. - Force main installation continues as well as work on the new digester, headworks and blower building. • Coffee Creek Lift Station & Force Main Improvements - On April 20, 2021 OPWA approved sanitary sewer contract with MSB Construction. - Construction commenced in June 2021, with completion by June 2022. - Force main installation continues along N 145 E Ave as well as manhole installation located at E 86th St N. • E 106 St N and N 129 E Ave Intersection Improvements - Engineering design is approximately 70% complete. - Right -of -way acquisition is expected to commence in May 2022, with completion by December 2022; followed by utility relocation. • Owasso Market Sanitary Sewer Improvements - On February 16, 2021, OPWA awarded the construction contract to Jerry's Excavation, Inc. - Construction commenced in May 2021, with completion by June 2022. - Sanitary sewer pipe installation is complete. Contractor is currently working on yard restoration, with final completion expected by June 1st, 2022. • Ranch Creek Interceptor Improvements from E 96 St N to E 116 St N - In October 2019, Owasso Public Works Authority approved an engineering agreement with Greely and Hansen, LLC. - Engineering design is approximately 90% complete. - Easement acquisition commenced in April 2021, with completion anticipated by August 2022; followed by construction. • 2021 Street Rehabilitation Project - The street rehab project is separated into the three phases as shown below: • E 106 St N Improvements from Mingo Rd to approximately US 169 - The asphalt roadway improvements have been completed along E 106 St N from Mingo Road to N 135 E Ave. • E 86 St N Improvements from N 119 E Ave to N 128 E Ave is currently under construction with completion expected by May 2022. • Various street improvements in Original Town, E 106 St N and Elm Creek subdivisions • In February 2022, City Council awarded Becco Construction a contract to rehab various street segments. • Construction will commence on May 23, 2022, with completion by January 2023. • 2022 Street Rehabilitation Proiect - The street rehab project is separated into two phases as shown below: • First Phase - N 97 E Ave (Mingo Rd) from E 96 St N to E 116 St N - Cooperative effort between Tulsa County and City of Owasso to do full depth reclamation of the asphalt roadway. Construction is scheduled to commence in the fall of 2022. • Second Phase - Various street improvements in Baptist Retirement Center, Elm Creek Estates, Three Lakes II and Coffee Creek subdivisions. Construction is scheduled to commence in July 2022. • E 96 St N and N 145 E Ave Intersection Improvements - In November 2021, City Council approved an engineering agreement with Garver LLC. - Engineering design is approximately 30% complete, with completion expected by September 2022; followed by land acquisition. • E 76 St N and US 169 Bridge Improvements - In February 2022, ODOT approved a construction contract with Becco Construction. - Construction is expected to commence in June 2022, with completion by November 2023. TO: The Honorable Chair and Trustees Owasso Economic Development Authority FROM: Linda Holt Finance Director SUBJECT: Hotel Tax Fund, 3% Expenditures DATE: May 12, 2022 In 2002, Owasso voters approved a 3% hotel tax with the funds to be "set aside and used exclusively to encourage, promote and foster economic development and cultural enhancement, tourism and pursue regional promotion for the City of Owasso..." In August 2008, Owasso citizens voted to increase the hotel tax rate to 5 %. The 27. increase was designated by the City Council to fund the Strong Neighborhood Initiative. 3% ECONOMIC DEVELOPMENT HOTEL TAX FUND EXPENDITURES: The Hotel Tax Fund (City of Owasso) is used to account for the revenues received from the hotel tax and to account for the use of those restricted funds. Recognizing the OEDA Trustees' interest in the appropriation of funding for economic development, the proposed budget for fiscal year 2022- 2023 for the 3% Hotel Tax fund is presented to the OEDA for review. The FY 2022 -2023 budget for the City of Owasso will be presented on Tuesday, June 21, 2022 for City Council consideration and appropriate action. For FY 2022 -2023, the estimated revenue from the Economic Development 3% hotel tax is $357,156, which is a 1% increase in FY 2022 -2023 estimated revenues. The proposed Economic Development Hotel Tax FY 2022 -2023 expenditure budget is $98,000. The proposed budget is a $55,402 decrease from the adopted FY 2021 -2022 Economic Development Hotel Tax budget. RECOMMENDATION: Staff will present the proposed FY 2022 -2023 Economic Development 3% Hotel Tax Budget for OEDA consideration and recommendation to the City Council, ATTACHMENT: Hotel Tax Fund - Revenues and Expenditures Budget for FY 2022 -2023 Hotel Tax Fund - 3% Expenditures Detail for FY 2022 -2023 CITY OF Owasso Summary of Revenues and Expenditures Hotel Tax - Fund 25 Revenues Hotel Tax 3% Investment Income Total Revenues Expenditures Economic Development Personal Services Other Services Total Economic Development Expenditures Surplus /(Excess Expenditure) Projected Beginning Total Fund Balance Projected Ending Total Fund Balance Projected Proposed Percent Actual Actual Actual Budget Change FY 19 120 FY 20 121 FY 21 122 FY 22 1 23 FY 22 123 $ 263,064 $ 270,111 $ 353,620 $ 357,156 1.07. 19,566 3,969 4,589 4,589 0.0% $ 282,630 $ 274,080 $ 358,209 $ 361,745 1.0% $ 11,335 $ 16,017 $ 12,965 $ - - 100.0% 91.518 71,331 86.078 98,000 13.9% 102,853 87,348 99,043 98,000 -1.1% $ 179,777 $ 186,732 $ 259,166 $ 263,745 1,164,760 1,344,537 1,531,269 1,790,435 16.9% $ 1,344,537 $ 1,531,269 $ 1,790,435 $ 2,054,180 14.7% CITY OF OWASSO Hotel Tax Fund - 3% Economic Development Proposed Budget FY 2022 -2023 Budgeted Expenditures Description FY21 Budgeted Proposed Expenditures Expenditures FY22 FY23 Intercity Visit $ 7,500 $ 7,500 DC Fly In 7,500 7,500 Holiday Banners 14,050 15,500 Holly Trolley 7,000 7,000 Home & Garden Show 1,250 1,250 Economic Forecast 5,000 5,000 Strategic Plan Initiatives 82,500 88,000 Other Projects 5,000 5,000 Part Time Staff Person 16,281 16,652 5,000 88,000 5,000 TOTAL $146,081 $153,402 $98,000 TO: The Honorable Chair and Trustees Owasso Economic Development Authority FROM: Chris Garrett Assistant City Manager SUBJECT: Fiscal Year 2022 -2023 Budget Approval Resolution No. 2022 -01 DATE: May 12, 2022 BACKGROUND: The proposed budget for Fiscal Year 2022 -2023 is presented for the OEDA Trustees review. As a Title 60 Public Trust, the OEDA is required to file an annual budget with its beneficiary, the City of Owasso. The budget or appropriation for a public trust is not a legal restriction on the expenditure of funds as it is for a municipality. Resolution No. 2022 -01 adopts the annual operating budget for the OEDA. RECOMMENDATION: Staff recommends Trustee approval of Resolution No. 2022 -01 adopting the FY 2022 -2023 budget proposal with estimated resources of $9,559 and total appropriations for expenditure of $5,000. ATTACHMENTS: OEDA Proposed FY 2022 -2023 Budget OEDA Budget Adoption Resolution OWASSO ECONOMIC DEVELOPMENT AUTHORITY FUND Other Funds - Fund 50 The Owasso Economic Development Authority Fund (OEDA) is established to account for revenues and expenditures of the City's Economic Development Trust Authority, a separate legal entity whose governing body is appointed by the Mayor or City Council. The purpose of the OEDA is to plan, implement, and promote projects and programs that will directly benefit the economic well -being of the community. BUDGET HIGHLIGHTS The proposed FY 2022 -23 budget includes $5,000 in contingency funding for Economic Development activities that may arise during the fiscal year. SUMMARY OF REVENUES AND EXPENDITURES OWASSO ECONOMIC DEVELOPMENT AUTHORITY FUND Expenditures Other Services Total Departmental Expenditures Surplus /(Excess Expenditure) Projected Beginning Fund Balance Projected Ending Fund Balance Projected Proposed Percent Actual Actual Actual Budget Change FY 19 1 20 FY 20 1 21 FY 21 1 22 FY 22 123 FY 22 123 Revenues $ 132 $ 40 Interest $ 132 $ 40 $ 60 $ 60 0.07. Total Revenues 132 40 60 60 0.07. Expenditures Other Services Total Departmental Expenditures Surplus /(Excess Expenditure) Projected Beginning Fund Balance Projected Ending Fund Balance 5,000 100.0% 5,000 100.0% $ 132 $ 40 $ 60 $ (4,940) $ 9,267 $ 9,399 $ 9,439 $ 9,499 0.6% $ 9,399 $ 9,439 $ 9,499 $ 4,559 -52.0% OWASSO ECONOMIC DEVELOPMENT AUTHORITY RESOLUTION NO. 2022 -01 A RESOLUTION PROVIDING FOR THE ADOPTION OF AN ANNUAL OPERATING BUDGET FOR THE OWASSO ECONOMIC DEVELOPMENT AUTHORITY; ESTABLISHING LEVELS OF EXPENDITURES AS PROVIDED BY STATUTE; AND ESTABLISHING AN EFFECTIVE DATE WHEREAS: It is the intent of the Owasso Economic Development Authority to adopt an operating budget for Fiscal Year 2022 -2023; and, WHEREAS: The adoption of such budget is vital to the continuation of services to the citizens of Owasso; and, WHEREAS: Public access to the adopted budget is desired; and, WHEREAS: Certain filing requirements are mandated by state statutes. NOW THEREFORE, BE IT RESOLVED BY THE TRUSTEES OF THE OWASSO ECONOMIC DEVELOPMENT AUTHORITY: THAT: Total resources available in the amount of $9,559 and total appropriations in the amount of $5,000 are hereby established. THAT: The effective date of this Resolution shall be July 1, 2022. APPROVED AND ADOPTED this 121h day of May, 2022, by the Trustees of the Owasso Economic Development Authority. David Charney, Authority Chair ATTEST: Juliann M. Stevens, City Clerk Year to Date Sales Tax Totals Total Monthly Sales Tax Comparisons $4,500.000 55.000.000 520000,000 $15,000,000 520000,000 $15,000,000 510A00,000 $5,000,000 City of Owasso Total Monthly Sales Tax Revenues Last Five Fiscal Years **Sales tax increase from 3.5% to 4.05% (55/100) for street improvements. 2021 -2022 2020 -2021 2019 -2020 2018 -2019 2017 -2018 2016 -2017 Jul $ 3,440,377 $ 3,464,240 $ 3,005,671 $ 2,998,609 $ 2,856,618 $ 2,458,012 Aug 3,558,829 3,386,133 2,968,434 2,920,263 2,835,784 2,350,922 Sep 3,522,962 3,227,732 2,969,838 2,810,048 2,687,213 2,290,655 Oct 3,653,860 3,093,584 3,067,281 2,899,646 2,670,945 2,292,548 Nov 3,443,276 3,162,417 2,855,219 2,753,335 2,764,781 2,296,775 Dec 3,538,043 3,214,507 3,105,262 2,858,066 2,741,992 2,242,747 Jan 3,890,744 3,466,684 3,399,527 3,330,435 3,136,816 2,657,262 Feb 4,033,475 3,406,382 3,294,059 3,132,584 3,091,385 2,498,036 Mar 2,990,573 2,987,980 2,677,677 2,523,512 2,507,808 2,436,309 Apr 3,491,187 2,803,716 2,845,063 2,723,563 2,621,904 2,557,997 May 3,726,630 3,596,560 2,953,020 2,945,503 2,935,547 2,810,748 Jun 3,714,051 2,907,154 3,046,140 2,717,252 2,715,777 $39,269,957 $39,523,967 $ 36,048,205 $ 34,941,703 $ 33,568,047 $ 29,607,789 **Sales tax increase from 3.5% to 4.05% (55/100) for street improvements. City of Owasso Total Sales Tax Report Budget to Actual Comparison May 11, 2022 2021 -22 2021 -22 Actual Collections Budget Projections Over (Under) Projection Amount Percen Amount Percen Amount Percent Jul $ 3,440,377 9.2% $ 3,177,136 8.5% $ 263,239 8.3% Aug 3,558,829 9.5% 3,128,225 8.3% 430,605 13.8% Sep 3,522,962 9.4% 3,035,939 8.1% 487,023 16.0% Oct 3,653,860 9.7% 3,117,420 8.3% 536,440 17.2% Nov 3,443,276 9.2% 2,982,071 8.0% 461,205 15.5% Dec 3,538,043 9.4% 3,121,355 8.3% 416,689 13.3% Jan 3,890,744 10.4% 3,537,803 9.4% 352,941 10,0% Feb 4,033,475 10.8% 3,412,757 9.1% 620,718 18.2% Mar 2,990,573 8,0% 2,764,116 7.4% 226,458 8.2% Apr 3,491,187 9.3% 2,936,773 7.8% 554,414 18.9% May 3,726,630 9.9% 3,167,518 8.4% 559,112 17.7% Jun Totals $ 39,289,957 104.8% 91.7% 14.3% $ 34,381,114 $ 4,908,643 City of Owasso Total Sales Tax Report Two Year Comparison May 11, 2022 Jun Totals $39,289,957 104.8% $35,809,936 101.8% $ 3,480,021 9.7% Note: Fiscal Year 2022 Sales Tax Budget is $37.490 million; FY'21 budget was $35.177 million. 2021 -22 2020 -21 Increase or (Decrease) Percent Percent Amount of Budget Amount of Actual Amount Percent Jul $ 3,440,377 9.2% $ 3,464,240 9.8% $ (23,863) -0.7% Aug 3,558,829 9.5% 3,386,133 9.6% 172,696 5.1% Sep 3,522,962 9.4% 3,227,732 9.2% 295,230 9.1% Oct 3,653,860 9.7% 3,093,584 8.8% 560,276 18.1% Nov 3,443,276 9.2% 3,162,417 9.0% 280,859 8.9% Dec 3,538,043 9.4% 3,214,507 9.1% 323,537 10.1% Jan 3,890,744 10.4% 3,466,684 9.9% 424,059 12.2% Feb 4,033,475 10.8% 3,406,382 9.7% 627,093 18.4% Mar 2,990,573 8.0% 2,987,980 8.5% 2,593 0.1% Apr 3,491,187 9.3% 2,803,716 8.0% 687,472 24.5% May 3,726,630 9.9% 3,596,560 10.2% 130,070 3.6% Jun Totals $39,289,957 104.8% $35,809,936 101.8% $ 3,480,021 9.7% Note: Fiscal Year 2022 Sales Tax Budget is $37.490 million; FY'21 budget was $35.177 million. City of Owasso Monthly Use Tax Revenues Last Five Fiscal Years *Increase in sales tax rate from 3,5% to 4.05% March 2017 * *Increase in sales tax revenue from taxation of internal sales beginning May 2017 Fiscal Year 2022 Use Tax Budget is $4,000,000 2021 -2022 2020 -2021 2019 -2020 2018 -2019 2017 -2018 2016 -2017 Jul $ 326,380 $ 320,463 $ 224,427 $ 107,929 $ 131,532 $ 82,565 Aug 404,700 308,877 213,728 134,957 115,912 86,552 Sep 318,417 319,035 258,541 237,044 126,135 87,371 Oct 392,609 322,295 211,009 177,983 146,402 86,713 Nov 339,020 325,866 212,040 151,865 139,772 80,855 Dec 368,226 353,105 226,537 193,866 128,876 84,107 Jan 487,449 406,969 280,550 265,379 205,110 127,549 Feb 509,782 493,847 404,153 290,595 166,541 106,593 Mar 330,651 291,099 187,882 140,226 134,603 99,853 Apr 310,281 286,867 233,275 173,422 112,614 101,930 May 390,745 439,483 257,842 201,224 119,169 123,116 Jun 316,929 321,127 192,601 137,552 114,846 $4,178,260_ _$4,184,835 $3,031,109 $2,267,091 $1,664,238 $1,182,051 *Increase in sales tax rate from 3,5% to 4.05% March 2017 * *Increase in sales tax revenue from taxation of internal sales beginning May 2017 Fiscal Year 2022 Use Tax Budget is $4,000,000 City of Owasso Total Use Tax Report Two Year Comparison May 11, 2022 2021 -22 2020 -21 Increase or (Decrease) Percent Percent Amount of Budget Amount of Actual Amount Percent Jul $ 326,380 8.2% $ 320,463 8.3% $ 5,918 1,8% Aug 404,700 10.1% 308,877 8.0% 95,823 31.0% Sep 318,417 8.0% 319,035 8.2% (618) -0.2% Oct 392,609 9.8% 322,295 8.3% 70,314 21.8% Nov 339,020 8.5% 325,866 8.4% 13,155 4.0% Dec 368,226 9.2% 353,105 9.1% 15,121 4.3% Jan 487,449 12.2% 406,969 10.5% 80,480 19.8% Feb 509,782 12.7% 493,847 12.8% 15,935 3.2% Mar 330,651 8.3% 291,099 7.5% 39,551 13.6% Apr 310,281 7.8% 286,867 7.4% 23,414 8.2% May 390,745 9.8% 439,483 11.4% (48,738) -11.1% Jun Totals $ 4,178,260 104.5% 100.0% 8.0% $ 3,867,906 $ 310,354