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HomeMy WebLinkAbout2026.05.14_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 14, 2026 - 10:00 AM NOTE: APPROPRIATE ACTION may include, but is not limited to: acknowledging, affirming, amending, opplQv` authorizing, awarding, denying, postponing, or tabling. J� qy FO AGENDA %ry 1. Call to Order - Skip Mefford, Chair 2. Consideration and appropriate action relating to the Consent Agenda. (All matters 11 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 9, 2026, Regular Meeting B. Accept monthly financial report 3. Consideration and appropriate action relating to items removed from the Consent Agenda 4. Discussion relating to City Departments and attached reports Chris Garrett A. Community Development Report B. Public Works Project Status Report C. Sales Tax Report and Revenue Outlook (Report will be provided at the meeting) 5. Discussion relating to Economic Development and Opportunities Chris Garrett 6. Consideration and appropriate action relating to the FY 2026-2027 Hotel Tax Fund 376 Expenditures Carly Novozinsky (Attachment) 7. Consideration and appropriate action relating to Resolution 2026-01, approving the OEDA FY 2026-2027 Annual Operating Budget Carly Novozinsky (Attachment) Staff recommends approval of Resolution 2026-01. 8. Report from City Manager Chris Garrett 9. Report from Trustees 10. New Business (New Business is any item of business which could not have been foreseen at the time of posting of the agenda) 11. Adjournment Notice of Public Meeting filed in the office of the City Clerk on Thursday, December 11, 2025, and the Agenda posted at City Hall, 200 South Main Street, at 5:00 pm on Tuesday, May 12, 2026. Q&R �#Ii J Onn M. Stevens, City Clerk The City of Owasso encourages citizen participation. To request an accommodation due to a disability, contact the City Clerk prior to the scheduled meeting by phone 918-376-1502 or by email to istevens@citvofowosso.com OWASSO ECONOMIC DEVELOPMENT AUTHORITY MINUTES OF REGULAR MEETING THURSDAY, APRIL 9, 2026 The Owasso Economic Development Authority met in regular session on Thursday, April 9, 2026, at City Hall in the Community Room, 200 South Main Street, Owasso, Oklahoma per the Notice of Public Meeting filed Thursday, December, 2025, and the Agenda filed in the office of the City Clerk and posted at City Hall, 200 South Main Street at 5:00 pm on Tuesday, April 7, 2026. Call to Order - Chair Skip Mefford called the meeting to order at 10:00 am. A quorum was declared present. Present: Absent: Chair -Skip Mefford Trustee - Alvin Fruga Secretary - Chelsea Feary Vice Chair- Dennis Phillips Trustee - David Charney Trustee - Dirk Thomas Trustee - Bryan Spriggs Staff - City Manager Chris Garrett, Julie Lombardi 2. Consideration and appropriate action relating to 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 - March 12, 2026, Regular Meeting B. Accept monthly financial report Dr. Thomas moved, seconded by Dr. Spriggs, to approve the Consent Agenda, as presented. YEA: Fruga, Mefford, Phillips, Spriggs, Thomas NAY: None Motion carried: 5-0 3. Consideration and appropriate action relating to items removed from the Consent Agenda - None 4. Consideration and appropriate action relating to a recommendation to the City Council regarding the construction bids received for the Owasso Sports Park Field Drainage Project Chris Garrett presented item and discussion was held. Dr. Spriggs moved, seconded by Mr. Phillips to recommend to City Council to utilize $302,997.00 out of the Hotel Tax Fund for a bid award for the Owasso Sports Park Field Drainage Project. YEA: Fruga, Mefford, Phillips, Spriggs, Thomas NAY: None Motion carried: 5-0 5. Discussion relating to City Departments and attached reports A. Community Development Report B. Public Works Project Status Report C. Quarterly Green Country Tourism Reports Chris Garrett referred to the reports included in the agenda packet. Discussion was held. 6. Discussion relating to Economic Development and Opportunities Chris Garrett presented the item and discussion was held. 7. Report from City Manager Chris Garrett reported on the budget process, contract negotiations, adoption of a City flag, and City Council meeting time change. 8. Report from Trustees - None 9. New Business - None OEDA Minutes April 9, 2026 Page 2 10. Adjournment Dr. Thomas moved, seconded by Dr. Spriggs, to adjourn the meeting. YEA: Fruga, Mefford, Phillips, Spriggs, Thomas NAY:None Motion carried: 5-0 and the meeting adjourned at 10:45 am. Heather Stewart, Recording Secretary Owasso Economic Development Authority Statement of Revenues, Expenses and Changes in Fund Net Assets For the Month Ending April 30, 2026 MTD YTD Budget Operating Revenues $0.00 $0.00 $0.00 Operating Expenses: Materials & supplies 0.00 0.00 0.00 Services & other charges 0.00 0.00 5,000.00 Capital outlay 0.00 0.00 0.00 Total Operating Expenses Operating Income (Loss) Non -Operating Revenues (Expenses): Investment income Promissory note revenue RAN debt service & other costs Transfer from Hotel 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 0.00 0.00 24.30 0.00 0.00 0.00 am-111, 0.00 5,000.00 0.00 (5,000.00) 272.47 0.00 0.00 0.00 272.47 225.00 0.00 0.00 0.00 $225.00 24.30 272.47 (4,775.00) 0.00 0.00 0.00 24.30 272.47 (4,775.00) 10,401.00 10,401.00 $10,673.47 $5,626.00 O. ._,.a..s. V TO: The Honorable Chair and Trustees Owasso Economic Development Authority FROM: Community Development Department SUBJECT: Development Report DATE: May 1, 2026 Disclaimer. Development items, their listed hearing dates, and other information contained herein are tentative at the time of this report and do not act as official hearing notifications and may be subject to change. Please refer to posted Public Hearing Agendas for all official hearing information and notification. NEW COMMERCIAL DEVELOPMENT \/•OA 26-03/OZ 26-02- Ranch Creek Trall property, north of 76St N oAnnexation and subsequent rezoning from Agriculture (AG) in Tulsa County to Public Facilities (PF) approved by the City Council on 3/17/26 •OA 25-03/OZ 25-02- 20 Acres East of Sports Park South Annex-ation oAnnexation and subsequent rezoning from Agriculture (AG) in Tulsa County to Public Facilities(PF) approved by the City Council on 5/20/25 •OZ 26-03- 7801 N Owasso Expy oRezoning request from Commercial General (CG) to Industrial Light (IL) approved by the City Council on 3/17/26 •OZ 25-07 & Land Use Master Plan Amendment-13601 E 96 St N & 9610 N 136 E Ave oRequest to amend the land use category designation from "Residential' to "Transitional' In the GrOwasso 2035 Land Use Master Plan approved by the City Council on 1/20/26 OSubsequent rezoning request from Agriculture (AG) to Office (0) approved by the City Council on 1120126 •OZ 25-06, Hoehn Property- East of US-169 & South of E 103 St oRezoning request from Agriculture (AG) to Commercial Shopping (CS) approved by the City Council on 9/16/25 • 135th Subdivision No. 1- North of E 116 St N & N 135 E Ave OPrellminary Plat to be reviewed by the Owasso Planning Commission on 5/11/26 • Owasso 6th Grade Center/Sth Grade Center-8101 N 129 E Ave oChange of Access approved by the Owasso Planning Commission on 4/13/26 OSlte plan reviewed by the Technical Advisory Committee on 3/17/26 • MCD Owasso H03SD474- North of NE corner of E 86 St N & N 145 E Ave OSIte plan reviewed by the Technical Advisory Committee on 4/15/26 OFinal Plat to be reviewed by the City Council on 5/5/26 oPreliminary Plat approved by the Owasso Planning Commission on 4/13/26 oRezoning from Residential Multl-Family (RM) to Commercial Shopping (CS) approved by the City Council on 2/17/26 (OZ 26-01) •Owasso Market II (Old Detention Pond)/Owasso Marketplace Annex. NW corner of E 96 St N &N 119 E Ave 0Partial Plat Vacation and replat approved by the City Council on 3/17/26 -Glover Coffee Creek (Expansion)- NE of 20505 N Owasso Expy OLot split (OLS 26-01) reviewed by the Technical Advisory Committee on 2/18/26; has been approved OSpecific Use Permit to allow for an expansion of an existing auto sales faclllty within the US-169 Overlay District approved by the City Council on 11/18/25 •NeoSource-405 W 2nd Ave OSite plan reviewed by the Technical Advisory Committee on 3/17/26 OFlnal Plat approved by the City Council on 3/17/26 oPreliminary Plat approved by the Owasso Planning Commission on 3/9/26 OLot 3, Block 2 Bailey Ranch Commercial Phase I. NE corner of N 110 E Ave & E 103 St N oFinal Plat approved by the City Council on 2/27/26 -Rejoice Elementary Parking Lot Expansion-10701 N 129 E Ave oSite plan to be reviewed by the Technical Advisory Committee on 5/20/26 -Smalls Sliders-11769 E965t N o5ite plan reviewed by the Technical Advisory Committee on 3/17/26 •Braum's Ice Cream & Dairy Stores Parking Lot Expansion-M03 E 76 St N oSite Plan reviewed by the Technical Advisory Committee on 2/18/26 •713rew Owasso- NW corner of E 96 St N & N 119 E Ave oSIte Plan reviewed by the Technical Advisory Committee on 1/21/26 - - - -Owasso First Church Addition- 10100 N Garnett Rd oS1te Plan reviewed by the Technical Advisory Committee on 12/17/25 -Owasso 8th Grade Addition-13901 E 86 ST N oSite Plan reviewed by the Technical Advisory Committee on 12/17/25 •Mercy Regional EMS-11428 N 129 E Ave o5ite Plan reviewed by the Technical Advisory Committee on 6/18/25 •Braum's-11432 N 135 E Ave oSite Plan reviewed by the Technical Advisory Committee on 7/16/25, has been approved *Hartland Center (ON HOLD)- NE corner of E 106 St N & N 97 E Ave (Mingo Rd) oSite Plan reviewed by the Technical Advisory Committee on 1/15/25 *German Corner Commercial (ON HOLD)- SW corner of E 116 St N & Garnett Rd oSite Plan for Phase 1 reviewed by the Technical Advisory Committee on 1/15/25 -Witten Vintage Auto- E of SE corner of E 76 St N & N 129 E Ave *Studio 31- NW corner of E 112 St N & Garnett Rd -St. John Encompass Health Rehabilitation, Phase II (ON HOLD)-13402 E 86 St N *Primrose School (ON HOLD)-14403 E 106 St N •Vision Hardwood (ON HOLD)- North of the NE Corner of E 116 St N & N Garnett Rd -Classic Chevrolet (Expansion)- 8501 N Owasso Expy •Chicken Express- 9331 N Garnett Rd *Clarity Holdings -South of the SW corner of E 106 St N & N Garnett Rd *Goodwill Industries- N 11290 N 135 E Ave •Apex Title Company- 507 E 19 St •116th Attic Storage Owasso- 11105 E 116 St •N Garnett Lot 2, Block 9- SE corner of 96 St & Garnett Rd •Robinson Industrial Park Phase 1-south of 76 St N & west of railroad tracks *Owasso Public Works and Vehicle Maintenance Facilities- East of SE corner of N 97 E Ave (Mingo Rd) and E 116 St N •5th Avenue Business Park- 304 E 5th Ave •Helscel-Huneryager Industrial Park— 7301 N 115 E Ave REDBUD DISTRICT DEVELOPMENT Now Open Sweet Mia 0 201 S Main St, #150 (Smoke building) o Certificate of Occupancy issued 12/18/25 Coming Soon 1'' Street Lofts (ON HOLD) o Site Plan reviewed by the Technical Advisory Committee on 8/20/25 o OPUD 24-02, to allow for up to 12 dwelling units on the property, approved by City Council on 12/17/24 TCCL Library Lofts/Library Expansion • Luigi's 0 102 S Main St (Mowery building) o Under construction! o Certificate of Occupancy issued 10/29/25 o Site Plan reviewed by the Technical Advisory Committee on 9/17/25, approvable but waiting on execution of alley closure and lot combination o Building Plans under review o OPUD 25-01 /OZ 25-01 to allow for a mixed -use library and multi -family development approved by the City Council on 7/17/25 o Alleyway closure request approved by the City Council on 7/17/25 o OLC 25-02, to combine several lots within Block 14 of Original Town, reviewed by the Technical Advisory Committee on 6118/25. Has since been approved. Vintage at Redbud (ON HOLD) o OPUD 23-03, to allow for 7 townhomes on a single Downtown Mixed (DM) -zoned lot approved by City Council on 3/21123 NEW RESIDENTIAL DEVELOPMENT •OA 25-05 (Deannexation), Coves V Stone Canyon- SE of Stone Canyon Pond oDeannexation request approved by the City Council on 11/18/25 •OA 25-04-1/3 mile south of SE corner of E 86 St & Memorial Dr oAnnexation request approved by the City Council on 9/16/25 Annexation •Corrigan Glen- North of NW corner of 96 St & N 97 E Ave oRequestto abandon previously -approved OPUD 23-06 approved by the City Council on 2/17/25 oConcurrent request to vacate a previously -approved final plat approved by the City Council on 2/17/25 •OPUD 25.02 (Owasso Trails)-1/4 mile north of the NW corner of E 76 St & N Memorial Dr oPlanned Unit Development request to allow for approx. 141 single-family residential units approved by City Council on 6117/25; preliminary plat approved by the Planning Commission on 6/10/25 _ oAnnexation and subsequent rezoning from Agriculture (AG) in Tulsa County to Residential Single- - - --- _ Family (RS-2) approved by the City Council on 5/20/25 • Northwest Estates at Stone Canyon- SE corner of E 76 St N & N 161 E Ace oPreliminary Plat to be reviewed by the Owasso Planning Commission on 6/8/26 •Fairway Villas -SE corner of 89 St & 97 E Ave oFinal Plat originally approved by the City Council on 5/21/24, has since expired; (re)approved by City Council on 11/18/25 oPreliminary Plat approved by the Owasso Planning Commission on 1/8/24 *Hawthorne at Stone Canyon, Phase II- SW of the intersection of E 76 St N and N 193 E Ave oRevised Preliminary Plat approved by the Owasso Planning Commission on 5/12/25 tl -Boardwalk at Preston Lakes (formerly "McKnight Farms"} NW comerof E 86 St N & N 161 E Ave oPreliminary Plat approved by the Owasso Planning Commission on 3/10/25 oFinal Plat (for Phase 1) approved by Owasso City Council on 4/15/25 • Brighton Park Phase II- NE corner of a 109 St N & N 97 E Ave oPreliminary Plat approved bythe Owasso Planning Commission on 3/10/25 -Bailey Village- East of SE corner of E 106 St N & N 97 E Ave oPreliminary Plat approved by Planning Commission on 11/11/24 -Twill Johnson Ranch (ON HOLD)- NW corner of E 101 St N & N 129 E Ave oFinal Plat approved by City Council on 9/19/23 �I -The Villages at New Leaf Phase II- South of SE corner of E 86 St N & N Memorial Dr • Presley Hollow II — North side of 76 St N and N 161 E Ave o143 of 143 single-family lots remaining -Villas at Stonebridge II- 12924 E 76 St N -Reunion at Owasso Phase III — NW corner of E 98 St N and N 119 E Ave (behind Lowes) -Silo at Smith Farm- SE of E 96 St N & N Garnett Rd oll of 62 single-family lots remaining -Keys Landing II- NW of intersection of E 66 St N & N 129 E Ave o87 of 94 single-family lots remaining -Morrow Place Phase III- East of SE corner of E 126 St N & N 129 E Ave o4 of 98 single-family lots remaining *Hawthorne at Stone Canyon, Phase I —SW of the intersection of E 76 St N and N 193 E Ave of of 19 single-family lots remaining -Presley Hollow— North side of 76 St N and N 161 E Ave o8 of 197 single-family lots remaining *Nottingham Hill —SW corner of E 96 St N and N 145 E Ave o5 of 58 single-family lots remaining Would you like to see a map of where these developments are occurring? Please scan here! The City of Owasso is seeking feedback on proposed amendments to the Owasso Zoning Code! OR Code to Draft Zoning Code Document: ............... o.. OR Code to Leave Feedback on Draft: lil lil Sd REALPeapk • REAL Ge4lcler• PEALCOInmunity City of Owasso Community Development Planning Items List May 4, 2026 Disclaimer: Planning items, their fisted hearing dates, and other information contained herein are tentative at the time of this report and do not act as official hearing notifications and may be subject to change. Please refer to posted Public Hearing Agendas for all official hearing Information and notification. The City of Owasso is seeking feedback on proposed amendments to the Owasso Zoning Code! To view a draft copy of the proposed text amendments, please visit the link below: httips://www.cityofowasso.com/DocumentCenter/View/l 0689/Zoning-Code-Draft-3526-Excludina-Title-Table- of-Contents To leave your feedback on the proposed amendments, please visit the link below: httos://survey123.circqis.com/share/8fef4O877cOa4l89b 1 Iea07d5100abel Missed attending one of our public input meetings? The presentation from the March 23rd, 2026 public input meeting can be downloaded by following the link below: httr)s://www.cityofowcisso-com/DocumentCenter/View/I 0705/Zoning-Code-Public-Meefing-32326-x New Items Project Name: Northwest Estates at Stone Canyon Case Type: Preliminary Plat General Location: Southeast corner of E 761h ST N & N 161 et E Ave Planning Commission Meeting: June 8, 2026 Project Detail: Preliminary Plat proposing 404 Lots in 50 Blocks with 17 reserve areas and is approximately 135.41 acres. The subject property is zoned CS and RS-3 under Stone Canyon PUD. City of Owasso Planner Assigned to Project: Alexa Beemer, AICP — Planning Manager (918)376-1536; abeemer@cityofowasso.com x +� May 4, 2026 Page 1 of 3 City of Owasso Project Name: Rejoice Elementary School Parking �+ •.k 1 Case Type: Site Plan *this case type does not go to public meetings for review/approval* General Location: i r 10701 N 1291h E Ave, Owasso, OK 74055 Project Submitted to Staff: April 20, 2026 .s , Project Detail: Site Plan proposing a parking lot expansion within ' a 0.66-acre area. The subject property is zoned CS and is within the US-169 Overlay District. City of Owasso Planners Assigned to Project: M; Alexa Beemer, AICP - Planning Manager (918)376-1536; abeemer@cityofowasso.com ♦� Wendy Kramer -City Planner'T' (918)376-1545; wkromer@cityofowasso.com " I. f IY J" a f,. rreviousiy Keponea nems LAprn zuzo zouommai ueaaimej Project Name: 1351h Subdivision No. 1 Case Type: Preliminary Plat — -- - General Location: North of E 116th ST N & N 135th E Ave Planning Commission Meeting: May 11, 2026 Project Detail: Preliminary Plat proposing 6 Lots in 2 Blocks and is approximately 18.53 acres. The subject property is zoned CS under OPUD 05-02A and is within the US- 169 Overlay District. City of Owasso Planner Assigned to Project: Wendy Kramer- City Planner (918)376-1545;wkramer@cityofowasso.com �I n r �varw�irn . ©aroararun �°� May 4, 2026 Page 2 of 3 City of Owasso Project Name: MCD Owasso 7- Case Type: Site Plan *this case type does not go to public meetings for review/approval* j tiF General Location: 8651 N 1451h E Ave, Owasso, OK 74055 Project Submitted to Staff: April 1, 2026 ° - -- Project Detail - Site Plan proposing the construction of one-3,780 II square foot building. The subject property is zoned CS under OPUD-15A. City of Owasso Planners Assigned to Project: Alexa Beemer, AICP - Planning Manager (918)376-1536; obeemer@cityofowasso.com Wendy Kramer- City Plannerd.j . (918)376-1545; wkramer@cityofowasso.com �it: To view Planning Items In an Interactive Map format, please visit: httos: //eXDertence.arca is.com/experience/fd95b424 290c427fb4567ff 171 e I b29d I.1Jr17M Public Participation Visit the City of Owasso's agenda center for agendas, packets, and minutes for City Council, Planning Commission, and Board of Adjustment: httr)s://www.citvofowasso.com/ActendoCenter EN IL AL. For Planning Commission and Board of Adiustment meetings: If you want to comment on a planning division item at an upcoming meeting and are unable to attend, you may submit comments/feedback to Planning Staff at plannina@citvofowasso.com by email. Please include either the case number or project name in the subject line of your correspondence. These comments will then be shared with the relevant Board, Commission, or City Council. May 4, 2026 Page 3 of 3 City of Owasso RESIDENTIAL SINGLE FAMILY NEW CONSTRUCTION MONTH END REPORT APRIL 2026 Month 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 January 9 8 9 9 7 35 8 14 10 0 2 February 15 8 8 4 8 11 4 31 25 1 3 March 55 19 4 12 9 8 29 23 15 2 4 April 20 17 6 8 49 25 13 11 27 11 5 May 11 20 4 5 19 24 19 16 13 6 June 5 7 5 22 24 7 11 21 7 7 July 9 14 11 11 34 7 8 18 3 8 August 12 6 6 35 17 1 23 14 6 9 September 6 2 7 17 33 3 13 6 12 10 October 7 3 21 7 24 2 11 11 5 11 November 19 7 2 10 20 5 3 8 5 12 December 9 6 3 7 14 3 25 15 6 Totals 177 117 86 147 258 131 167 190 134 14 YTD 99 52 27 33 73 79 54 79 77 14 APRIL YEAR-TO-DATE COUNT 120 ------ -- 100 '-------------- --------- —---- ____.......... ------------------------------- ----------------------------"""-'—"' 80 -- -------------------------------------- ------------------- - •---- ------------ —--- ------ 60 --------------------- -- -------- —_--------- ------- ------------------ ------- ... 40 -- ------ -------------_'____ ------- ------- ------- ------- --------------- 20 -- ------ ------ ------ ------- ------- -""" " ------ ------- ---------------- ml- 0 2017 2016 1 2019 2020 2%1 2022 2023 2024 2025 2026 APRIL 99 52 27 33 73 79 54 79 77 14 TOTAL NEW CONSTRUCTION DOLLARS FOR EACH YEAR 45,000,000 30,000,000— ------------ '-------- -------------- ----------------------- ------- .. 15,000,000 ------ '__.__•-"--- -------------- ------------- 2022 2023 2024 2025 2026� TO20,280,175 30,600,920 32,759,680 23,640, TAL 492 2,630,434 CITY OF OWASSO RESIDENTIAL LOT INVENTORY STATUS April 30, 2026 Hawthorne at Stone Canyon Ph 1 (3/20) Keys Landing II (12/23) Misc. Morrow Place 111 (11/23) Nottingham Hill (6/09) Presley Hollow (3/21) Presley Hollow 11 (2/25) Silo at Smith Farm (7/24) TOTALS # OF LOTS # DEVELOPED # AVAILABLE 19 18 1 94 7 87 1 1 0 98 94 4 58 53 5 197 189 8 143 0 143 62 51 11 672 413 269 RESIDENTIAL MULTI -FAMILY NEW CONSTRUCTION MONTH END REPORT APRIL 2026 Month 2017 2018 201E 2020 2021 2022 2023 2024 2025 2026 1 January 4 0 0 0 0 107 0 0 0 0 2 February 6 0 0 0 0 4 14 0 0 0 3 .March *13 0 64 0 22 0 0 0 0 0 4 April 0 4 0 0 0 6 0 0 59 0 5 May 0 0 0 0 0 262 0 0 0 6 June 0 0 0 0 0 240 0 0 0 7 July 0 0 0 0 0 0 366 14 *59 8 August 0 0 0 0 0 0 42 0 25 9 September 4 9 0 0 0 36 0 0 0 10 October 0 0 0 0 0 0 0 0 0 11 November 0 0 0 0 0 0 0 0 0 12 December *10 0 0 58 0 0 0 0 0 Totals 37 13 64 58 22 655 422 14 143 0 YTD 23 4 64 0 22 117 14 0 59 0 *Units part of mixed use projects; construction dollars counted towards new commercial. 140 120 100 80 60 40 20 0 APRIL YEAR-TO-DATE COUNT 017 2018 2019 2020 2021 2022 2023 2024 2025 2026 23 4 64 0 22 117 14 0 59 0 TOTAL NEW CONSTRUCTION DOLLARS FOR EACH YEAR 90,000,000 75,000,000 •••W_............ ......... —•-- 60,000,000 -- _••--•—••••—•—------- —•---•-----------------------�.••_•—___-- 45,000,000 ______A -----------------30,000,000 -----••••••______________________•______.•______15,000,000 •••••• •—•••••..•.•..•••••--------------------- ____--.-----_•--•2022 2024 2025 2026 TOTAL 82,454,792 1,400,000 17,173,400 - COMMERCIAL NEW CONSTRUCTION MONTH END REPORT APRIL 2026 Month 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 January 2 0 0 1 1 0 1 1 2 0 2 February 0 0 3 0 0 3 2 3 0 2 3 March 2 3 2 1 1 8 1 0 1 0 4 April 0 0 0 0 3 2 3 0 1 1 5 May 1 2 1 0 0 1 3 0 4 6 June 0 1 1 - 2 2 3 1 0 18 7 July 0 2 0 2 2 0 0 5 1 8 August 2 1 2 0 2 2 2 0 1 9 September 1 1 2 1 3 1 2 1 0 10 October 0 0 0 1 0 1 0 1 2 Il November 2 1 0 1 3 2 1 1 0 12 December 0 0 0 0 1 0 2 1 1 Totals 10 11 11 9 18 23 18 13 31 3 YTD 4 3 5 2 5 13 7 4 4 3 APRIL YEAR-TO-DATE COUNT 25 20 ----------------------------------------"""""__________-____---____________________________"._.__."'----------__""---- 10--------------------------------------------- —------ —----- "— —---------------------------------- .............. — 5 ----------------------------- ..........___... ....___ ----------"-""'----'---------------- —'_____ 0 2017 1 2018 1 2019 2020 1 2021 1 2022 1 2023 12024 2025 2026 APRIL 4 1 3 1 5 1 2 1 5 13 7 4 4 3 TOTAL NEW CONSTRUCTION DOLLARS FOR EACH YEAR 75,000,000 60,000,000 45,000,000-------------- _------ _-.._-_.__.._-.--.-.-___________---------------------------- --------- ....... _... _.... _..... 15,000,000 ------ .............' -'--'------'-- ___________"' ..... __...................... 2022 2023 2024 2025 2026 TOTAL 25.134,256 32,518,744 42,928,244 58,405,711 2,185,000 Certificate of Occupancy Monthly List NAME ADDRESS DATE COMPLETE r_1�:71�7iYZ: Salt & Solace 11400 N Garnett Rd 4/2/2026 Yes Park Maintenance Building 10314 E 116th St N 4/13/2026 Yes Cornerstone Ace Hardware (addition) 11550 N 129th E Ave 4/16/2026 Yes Vibe Right Studios 7744 N Owasso Exp, #B 4/30/2026 Yes Mix on Main 4 S Main St 4/30/2026 Yes John E Koller Jewelry 12702 E 86th St N 4/30/2026 Yes Zurkster Graphics 7301 N Owasso Exp, #E100 3/13/2026 Yes Trophy Design 7301 N Owasso Exp, 91110 3/16/2026 Yes Texas Roadhouse (addition) 9311 N Owasso Exp 3/19/2026 Yes Vibes Nutrition & Fit Club 8751 N 117th E Ave, #1 3/24/2026 Yes FEBRUARY 2026 New Creations Tattoo 11330 N Garnett Rd, #F 2/2/2026 Yes Screaming Earth Records 12334 E 86th St N 2/2/2026 Yes Edward Jones (remodel) 12338 E 86th St N 2/4/2026 Yes Central Baptist Church (addition) 9001 N 145th E Ave 2/12/2026 Yes Crunch Fitness 8787 N Owasso Exp, #F 2/24/2026 Yes JANUARY 2026 918 Family Wellness 12150 E 96th St N, #101 1/19/2026 Yes Red River Credit 12500 E 86th St N, #102 1/28/2026 Yes Cornerstone Ace Hardware (warehouse) 11550 N 129th E Ave 1/28/2026 Yes Kinect Glass Company 7301 N Owasso Exp, #F100 12/4/2025 Yes Sweet Mia Nail Spa 201 S Main St, #150 12/18/2025 Yes Ink Slingerc Tattoo Studio 11632 E 86th St N 12/22/2025 Yes Blossom 7 Oriental 11634 E 86th St N 12/26/2025 Yes Owasso Planet Fitness 9291 N Garnett Rd 12/26/2025 Yes NOVEMBER 2025 Chloe Lee's Coffee & Bakehouse 429 E 2nd Ave 11/11/2025 Yes Twisted Ambitions Yarn 208 E 5th Ave, #C 11/12/2025 Yes OCTOBER 2026 Daisy Belle Paw Spa & Market 12500 E 86th St N, #106 10/8/2025 Yes Baptist Children's Home (kitchen remodel) 12762 E 74th St N 10/8/2025 Yes EZOV 108 W 1 st Ave, #B 10/13/2025 Yes Mr. Zason Fresh Mexican Grill 12500 E 86th St N, #101 10/14/2025 Yes Luigi's Italian Restaurant 102 S Main St, #E 10/29/2025 Yes 3Natives Agai Cafe 11412 N 134th E Ave, #C1 10/29/2025 Yes Wandering Magpie 8751 N 117th E Ave, #B 10/2912025 Yes Legacy Stonework & Monuments of OK 7301 N Owasso Exp, #F105 10/29/2025 Yes Taco Casa 9581 N Garnett Rd 10/31/2025 Yes SEPTEMBER 2025 Chase Bank Owasso 11305 E 96th St N 9/4/2025 Yes Trails End Nutrition 12899 E 76th St N, #112 9/4/2025 Yes Oklahoma's Credit Union 9441 N Garnett Rd, #200 9/15/2025 Yes Tinker Federal Credit Union 9039 N 121st E Ave 9/17/2025 Yes Full Circle 11230 N Garnett Rd, #C 9/29/2025 Yes Reindeer Pass Railroad 7301 N Owasso Exp, #H110 9/29/2025 Yes CUV of Owasso— ;ZOO S. Mai. Sf: Owasso; OK 74055 Certificate of Occupancy Monthly List NAME ADDRESS DATE COMPLETE Black Saddle Hair Cc 8434 N 123rd E Ave, #B 9/29/2025 Yes Diversity Fade Barbershop 12208 E 86th St N 9/29/2025 Yes 76 Spa Nails 413 E 2nd Ave 9/29/2025 Yes Cypress Crossing Apartments 10015 N Owasso Exp 9/30/2025 Yes AUGUST 2025 C&N Masonry 7301 N Owasso Exp, #F120 8/13/2025 Yes Hodson Elementary School (expansion) 14500 E 86th St N 8/15/2025 Yes St. John's Women's Imaging (remodel) 12455 E 100th St N 8/27/2025 Yes JULY 2025 Sewtoria 8703 N Owasso Exp, #N 7/9/2025 Yes Palm Bay Esthetics 7301 N Owasso Exp, #E110 7/9/2025 Yes Pei Wei Asian Kitchen 11340 N 96th St N, 9100 7/11/2025 Yes Zurkster Graphics 7301 N Owasso Exp, #B115 7/14/2025 Yes 5th Ave Business Park — Executive Suites 314 E 5th Ave, #110 & #111 7/22/2025 Yes JUNE 2025 Inside Bend — Green Country Fly Company 314 E 5th Ave, #102 6/5/2025 Yes ULUX Nails Spa 11340 E 96th St N, #200 6/11/2025 Yes Northern Oklahoma Dermatology 314 E 5th Ave, #106 6/13/2025 Yes CV Events 7301 N Owasso Exp, #E125 6/17/2025 Yes MAY 2025 Rejoice Church (remodel) 13413 E 106th St N 5/16/2025 Yes Studio Nine One Eight 7301 N Owasso Exp, #A120 5/19/2025 Yes Casa Del Mar Apartments 8360 E 86th St N 5/22/2025 Yes Momentum Learning Center 8787 N Owasso Exp, #E 5/22/2025 Yes Worth Audiology 11300 N Garnett Rd 5/30/2025 Yes Boot Barn 9002 N 121st E Ave, #600 5/30/2025 Yes CiIV of OwaSs — 200 S. Mai. Sf. Owayto; OK 74055 PERMITS APPLIED FOR IN APRIL 2026 ADDRESS BUILDER ADD/ZONE VALUE A.S.F. PERMIT# 9530 N 129 E Ave, #102 Business Owner CC/CS $ 10,000 1,568 26-0401-C 10012 E 110 St N Shed Crafters of Owasso AFII/RS3 $ 13,000 288 26-0402-X 11505 E 94 Ct N Capital Homes S@SF/RNX $ 121,575 1,621 26-0403-X 7301 N Owasso Exp, #M110 Panoramic Graphics Sol. HHIP/IL $ 650 72 26-0404-S 14201 E 91 St N Homeowner CE/RS2 $ 5,535 138 26-0405-X 12511 N 134 E Ave Simmons Homes MPIII/RS3 $ 165,075 2,201 26-0406-X 12415 E 68 PI N Landmark Homes KLII/RS3 $ 222,675 2,969 26-0407-X 12007 E 68 PI N Landmark Homes KLII/RS3 $ 222,675 2,969 26-0408-X 12005 E 68 PI N Landmark Homes KLII/RS3 $ 213,375 2,845 26-0409-X 12003 E 68 PI N Landmark Homes KLII/RS3 $ 209,850 2,798 26-0410-X 12108 E 68 St N Landmark Homes KLII/RS3 $ 213,375 2,845 26-0411-X 12106 E 68 St N Landmark Homes KLII/RS3 $ 206,850 2,758 26-0412-X 12104 E 68 St N Landmark Homes KLII/RS3 $ 210,600 2,808 26-0413-X 7301 N Owasso Exp, #A110 Encinos 3D HHIP/IL $ 12,000 41 26-0414-S 14907 E 88 St N InstaShed PL/RS2 $ 10,810 384 26-0415-X 11522 E 94 PI N Capital Homes S@SF/RNX $ 153,450 2,046 26-0416-X 13145 E 80 St N Galaxy Pools CM/RS2 $ 7,000 452 26-0417-P 11606E 104 St N lGreat Day Improvements SP@BR/RS3 1 $ 52,740 160 1 26-0418-X 11410 N 109 E Ave lHomeowner I HA2A/RMH 1 $ 100,000 1 4,000 26-0419-X it Single Family $ 2,039,500 29,860 SgFt 1 Residential Remodel $ 52,740 160 SgFt 3 Accessory $ 29,345 810 SgFt 1 Commercial Remodel $ 10,000 1,568 Sgft 2 Signs $ 12,650 113 SgFt 1 Pool $ 7,000 452 SgFt 19 Total Building Permits 1 $ 2,151,235 32,963 SgFt Cify of Owayto WO S. Mai. Sf• Owasso-, OK 74055 City of Owasso Public Work Department STATUS REPORT May 5, 2026 Garnett Road Widening (E 106th St N to E 1161h St N) - In July 2025, City Council approved construction contract with R&L Construction. - Construction commenced on September 8, 2025, with completion anticipated in September 2026. - Sanitary sewer infrastructure installation is complete. - Water and stormwater line installation is approximately 80% complete. - E 961h St N from approximately N 1191h E Ave to N 129th E Ave Improvements - West Phase - In April 2025, City Council approved a construction contract with Grade Line Construction. Construction commenced in May 2025. Mill and asphalt overlay is complete. Roadway striping is approximately 60% complete, with final completion expected in mid -May 2026. E 106th St N and N 129ih E Ave Intersection Improvements - Construction commenced on March 16, 2026, with completion by December 2026. Contractor continues the installation of temporary stormwater culverts. Once complete, the temporary lanes will be installed along with relocation of rural water lines. E 96th St N and N 145th E Ave Intersection Improvements - Currently, the project is advertised for construction bids, with proposed bid award in June 2026. - Construction is anticipated to commence in August 2026. E 96th St N from N 1341h E Ave to N 145th E Ave Improvements - In July 2022, City Council approved an engineering agreement with Garver Engineering. - Engineering design is approximately 80% complete. - Right-of-way obtainment continues with 1 of the 14 property owners. - Utility relocation commenced in April 2026, with completion by May 2027; followed by roadway construction. - Public Works Facility - In October 2022, OPWA approved an architectural/engineering agreement with Beck Design. - Administrative staff is operating out of the new facility. - Field Operations/Fleet and Facility Maintenance occupancy is anticipated in late -May 2026. Ribbon cutting is anticipated in June 2026. Parks Facility - In June 2025, City Council approved a construction contract with Magnum Construction. - Staff is expected to occupy the new facility in May 2026. Ranch Creek Trail Project - Design agreement was approved by City Council in September 2024. - Land purchase agreement was approved by City Council in December 2025. - Environmental study is complete. - Design is ongoing with completion by the summer of 2026; followed by construction. E 86th St N and N 1615t E Ave Intersection Improvements - Engineering design is approximately 80% complete; followed by right-of-way obtainment in July 2026. E 861h St N Bridge Replacement - Engineering design is 80% complete. - Land acquisition is scheduled to commence in May 2026; followed by utility relocation. E 1061h St N from N 1291h E Ave to N 1451h E Ave Improvements - Engineering design agreement was approved by City Council on January 21, 2025. - A Public Meeting to introduce the project was held Tuesday, February 24, 2026. - Right-of-way obtainment commenced in March 2026; followed by utility relocation. E 96'h St N from Mingo Rd to Garnett Rd Improvements - Engineering design agreement was approved by City Council on January 21, 2025. - Engineering design is 60% complete. - Temporary construction easement acquisition is expected to commence in May 2026, with completion expected by June 2026; followed by utility relocation. E 861h St N from Main St to Garnett Rd - Engineering design agreement was approved by City Council on January 21, 2025. - Engineering design is 60% complete, with land acquisition forthcoming soon. US 169 Improvements/E 66'h St N to E 86", St N - Stormwater infrastructure and asphalt paving is near completion from E 76 St N to E 86 St N. Stormwater infrastructure and roadway base preparation is approximately 40% complete from E 66 St N to E 76 St N. - Roadway improvements are scheduled to be complete by August 2026. May 2020 Sales& Use Tax Report RFAL 0.apb • PFAL CM1wM• pEPLeon�munly Total Monthly Sales Tax Comparison ss,oao,000 snsoo,Doa $a,0Dg000 s3,00,000 _ s5,a00,000 s2,500,0oa 52.000,11M ar,s0a,ax Si3Oao.ao0 ssoo.000 5 Jul Aug sap D<I N. Dec Jen Feti Mar Apr May Jun veax Year -to -Date Sales Tax Total S5D,000,000 Sa51000,000 U0,000,000 ss5,00o,000 SM.M,000 a25,000,000 $20,000,000 S15,o0a000 MO.=,000 $5 MD,000 s Jul Aug Up On N. Oec J. Feh My Apr May Jun City of Owasso Total Sales & Use Tax Report Budget to Actual Comparison May 8, 2026 2025-26 2025-26 Actual Collections Budget Projections Over (Under) Projection Amount Percent Amount Percent Amount Percent Jul $ 4,355,290 8.4% $ 4,379,929 8.5% $ (24,639) -0.6% Aug 4,608,781 8.9% 4,332,012 8.4% 276,768 6.4% Sep 4,545,903 8.8% 4,218,924 8.2% 326,980 7.8% Oct 4,204,586 8.1% 4,262,195 8.3% (57,609) -1.4% Nov 4,232,493 8.2% 4,069,559 7.9% 162,934 4.0% Dec 4,611,409 8.9% 4,396,529 8.5% 214,880 4.9% Jan 4,887,543 9.5% 4,859,410 9.4% 28,134 0.6% Feb 4,873,668 9.4% 4,671,781 9.0% 201,887 4.3% Mar 4,021,509 7.8% 3,783,056 7.3% 238,454 6.3% Apr 4,266,334 8.3% 3,993,205 7.7% 273,129 6.8% May 4,616,627 8.9% 4,453,220 8.6% 163,407 3.7% Jun Totals $ 49,224,143 95.3% $ 47,419,818 91.8% $ 1,804,326 3.8% City of Owasso Total Monthly Sales Tax Revenues Last Five Fiscal Years 2025-2026 2024-2025 2023-2024 2022-2023 2021-2022 Jul $ 3,898,576 $ 4,030,577 $ 3,809,901 $ 3,859,805 $ 3.440,377 Aug 4,143,296 3,935,340 3,892,331 3,888,306 3,558,829 Sep 4,029,327 3,813,881 3,629,534 3,743,687 3,522,962 Oct 3,776,982 3,869,565 3,839,191 3,767,889 3,653,860 Nov 3,805,182 3,512,031 3,686,934 3,750,140 3,443,276 Dec 3,930,076 4,032,449 3,777,373 3,854,603 3,538,043 Jan 4,290,931 4,500,490 4,107,128 4,145,010 3,890,744 Feb 4,126.656 3,929,036 4,109,253 4,055,635 4,033,475 Mar 3,616,662 3.425,391 3,270,677 3,334,731 2,990,573 Apr 3,708,767 3,429,728 3,636,407 3,659,838 3,491,187 May 4,022,317 3,879,286 3,934,149 4,018,971 3,726,630 Jun 3,882,411 3,650,844 3,797,070 3,678,903 $43,348,772 $ 46,240,184 $ 45,343,723 $ 45,875,686 $ 42,968,861 City of Owasso Total Sales Tax Report Budget to Actual Comparison May 8, 2026 2025-2026 2025-2026 Actual Collections Budget Projections Over (Under) Projection Amount Percent Amount Percent Amount Percent Jul $ 3,898,576 8.5% $ 3,911,175 8.5% $ (12,599) -0.3% Aug 4,143,296 9.0% 3,904,194 8.5% 239,101 6.1% Sep 4,029,327 8.8% 3,736,840 8.2% 292,487 7.8% Oct 3,776,982 8.2% 3,827,918 8.4% (50,936) -1.3% Nov 3,805,182 8.3% 3,628,605 T9% 176,576 4.9% Dec 3,930,076 8.6% 3,902,032 8.5% 28,044 0.7% Jan 4,290,931 9.4% 4,279,582 9.3% 11,349 0.3% Feb 4,126,656 9.0% 4,015,282 8.8% 111,373 2.8% Mar 3,616,662 7.9% 3,351,069 7.3% 265,593 7.9% Apr 3,708,767 8.1% 3,553,855 7.8% 154,912 4.4% May 4,022,317 8.8% 3,932,824 8.6% 89,493 2.3% Jun Totals $ 43,348,772 94.6% 91.7% $ 1,305,394 3.1% $ 42,043,377 City of Owasso Monthly Use Tax Revenues Last Five Fiscal Years 2025-2026 2024-2025 2023-2024 2022-2023 2021-2022 Jul $ 456,714 $ 456,893 $ 485,519 $ 401,124 $ 326,380 Aug 465,485 443,880 418,758 363,566 404,700 Sep 516,576 506,093 450,327 425,319 318,417 Oct 427,604 470,266 416,968 357,484 392,609 Nov 427,311 451,108 406,494 406,252 339,020 Dec 681,333 516,729 477,825 422,765 368,226 Jan 596,612 611,039 572,582 478,272 487,449 Feb 747,012 693,612 613,597 574,438 509,782 Mar 404,847 448,391 411,558 378,203 330,651 Apr 557,567 419,411 399,253 440,597 310,281 May 594,310 517,675 468,542 505,331 390,745 Jun 424,110 439,205 415,151 348,589 $ 5,875,372 $ 5,959,207 75,560,626 $ 5,168,503 $ 4,526,849 Fiscal Year 2026 Use Tax Budget is $5.8 million City of Owasso Total Sales Tax Report Two Year Comparison May 8, 2026 2025-2026 2024-2025 Increase or (Decrease) Percent Percent Amount of Budget Amount of Actual Amount Percent Jul $ 3,898.576 8.5% $ 4,030,577 8.7% $ (132,002) -3.3% Aug 4,143,296 9.0% 3,935,340 8.5% 207,956 5.3% Sep 4,029,327 8.8% 3,813,881 8.2% 215,447 5.6% Oct 3,776,982 8.2% 3,869,565 8.4% (92,583) -2.4% Nov 3,805,182 8.3% 3,512,031 7.6% 293,151 8.3% Dec 3,930,076 8.6% 4,032,449 8.7% (102,373) -2.5% Jan 4,290,931 9.4% 4,500,490 9.7% (209,560) -4.7% Feb 4,126,656 9.0% 3,929,036 8.5% 197,619 5.0% Mar 3,616,662 7.9% 3,425,391 7.4% 191,272 5.6% Apr 3,708,767 8.1% 3,429,728 7.4% 279,039 8.1% May 4,022,317 8.8% 3,879,286 8.4% 143,031 3.7% Jun Totals $43,348,772 94.6% $42,357,774 91.6% $ 990,998 2.3% Fiscal Year 2026 Sales Tax Budget is $45.837 million; Fiscal Year 2025 Sales Tax Budget was $45.055 million. City of Owasso Total Use Tax Report Two Year Comparison May 8, 2026 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun 2025-2026 Percent Amount of Budget $ 456,714 7.8% 465,485 8.0% 516,576 8.9% 427,604 7.3% 427,311 7.3% 681,333 11.7% 596,612 10.2% 747,012 12.8% 404,847 7.0% 557,567 9.6% 594,310 10.2% 2024-2025 Percent Amount of Actual $ 456,893 7.7% 443,880 7.4% 506,093 8.5% 470,266 7.9% 451,108 7.6% 516,729 8.7% 611,039 10.3% 693,612 11.6% 448,391 7.5% 419,411 7.0% 517,675 8.7% Increase or (Decrease) Percent Amount of Actual $ (179) 0.0% 21,605 4.9% 10,482 2.1% (42,662) -9.1% (23,796) -5.3% 164,604 31.9% (14,426) -2.4% 53,400 7.7% (43,544) -9.7% 138,156 32.9% 76,635 14.8% Totals $ 5,875,372 100.9% $ 5,535,097 92.9% $ 340,274 6.1% sd PEAL Pe ,-•M 0, � - m rRE4L CmmmnR/ TO: Honorable Chair and Trustees Owasso Economic Development Authority FROM: Carly Novozinsky, Finance Director SUBJECT: Hotel Tax Fund, 3% Expenditures DATE: May 12, 2026 BACKGROUND: 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 fax rate to 5%. The 2% increase was designated by the City Council to fund the Strong Neighborhood Initiative. 3% ECONOMIC DEVELOPMENT HOTEL TAX FUND EXPENDITURES: The City of Owasso's Hotel Tax Fund 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 2026-2027 for the 3% Hotel Tax fund is presented to the OEDA for review. The fiscal year 2026- 2027 budget for the City of Owasso will be presented on Tuesday, June 16, 2026, for Council consideration and appropriate action. For fiscal year 2026-2027, the estimated revenue from the Economic Development 3% hotel tax is $388,903 which is a 2.7% decrease from fiscal year 2025-2026 estimated revenues. The proposed Economic Development Hotel Tax fiscal year 2026-2027 expenditure budget is $281,278. The proposed budget is a decrease of $849,364 from the fiscal year 2025-2026 adopted budget. The decrease is due to drainage improvements at the Sports Park included in the 2025-2026 budget. RECOMMENDATION: Staff will present the proposed fiscal year 2026-2027 Economic Development 31/0 Hotel Tax Budget for OEDA consideration and recommendation to the Owasso City Council. ATTACHMENT: Hotel Tax Fund - Revenues and Expenditures Budget for fiscal year 2026-2027 Hotel Tax Fund - 3% Expenditures Detail for fiscal year 2026-2027 Summary of Revenues and Expenditures Hotel Tax - Fund 25 Revenues Hotel Tax 3% Investment Income Total Revenues Expenditures Economic Development Personal Services Other Services Capital Outlay Total Economic Development Expenditures Surplus/(Excess Expenditure) Projected Beginning Fund Balance Projected Ending Fund Balance Projected Proposed Percent Actual Actual Actual Budget Change FY 23 1 24 FY 24 1 25 FY 25 1 26 FY 26 1 27 FY 26 1 27 $ 401,172 $ 383,562 $ 399,499 $ 388,903 -2.7% 87,412 92,608 76,136 63,510 -16.6% $ 488,584 $ 476,170 $ 475,635 $ 452,413 -4.9% $ - $ 46,869 $ 115,642 $ 128,278 10.9% 97,980 51,108 115,000 153,000 33.0% - 600,000 1,202,997 - -100.0% $ 97,980 $ 697,977 $ 1,433,639 $ 281,278 -80.4% $ 390,604 $ (221,807) $ (958,004) $ 171,135 $ 2,180,649 $ 2,571,253 $ 2,349,446 $ 1,391,442 -40.8% $ 2,571,253 $ 2,349,446 $ 1,391,442 $ 1,562,577 12.3% Description Personal Services Economic Forecast Strategic Plan Initiatives Sports Park Improvements CITY OF OWASSO Hotel Tax Fund - 3% Economic Development Proposed Budget FY 2026-2027 Actual Expenditures FY25 Adopted Expenditures FY26 Proposed Expenditures FY27 $ 187,741 $ 115,642 $ 128,278 - 5,000 5,000 69,063 110,000 148,000 - 900,0V - TOTAL $ 256,804 $ 1,130,642 $ 281,278 *OEDA has recommended a budget amendment of $302,997 not reflected above TO: The Honorable Chair and Trustees Owasso Economic Development Authority (OEDA) FROM: Carly Novozinsky, Finance Director SUBJECT: Fiscal Year 2026-2027 Budget Approval - Resolution No, 2026-01 DATE: May 12, 2026 BACKGROUND: The proposed budget for fiscal year 2026-2027 is presented to the OEDA Trustees for 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 2026-01 adopts the annual operating budget for the OEDA. RECOMMENDATION: Staff recommends Trustee approval of Resolution 2026-01 adopting the fiscal year 2026-2027 budget proposal with estimated resources of $1 1,122 and total appropriations for expenditure of $5,000. ATTACHMENTS: OEDA Proposed Fiscal Year 2026-2027 Budget OEDA Budget Adoption Resolution OWASSO ECONOMIC DEVELOPMENT AUTHORITY FUND Other Funds - Fund 50 DESCRIPTION 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 FY 2027 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 Projected Proposed Percent Actual Actual Actual Budget Change FY 23 124 FY 24 1 25 FY 251 26 FY 261 27 FY 261 27 Revenues Interest $ 391 $ 380 $ 331 $ 300 -9.4% Total Revenues $ 391 $ 380 $ 331 $ 300 -9.47. Expenditures Other Services _ $ - $ - $ - $ 5,000 100.0% Total Departmental Expenditures $ - $ - $ - $ 5,000 100.0% Surplus/(Excess Expenditure) $ 391 $ 380 $ 331 $ (4,700) Projected Beginning Fund Balance $ 9,720 $ 10,111 $ 10,491 $ 10,822 3.2% Projected Ending Fund Balance $ 10,111 $ 10,491 $ 10,822 $ 6,122 -43.4% OWASSO ECONOMIC DEVELOPMENT AUTHORITY RESOLUTION NO. 2026-01 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 2026-2027; 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 $11,122 and total appropriations in the amount of $5,000 are hereby established. THAT: The effective date of this Resolution shall be July 1, 2026. APPROVED AND ADOPTED this 141h day of May, 2026 by the Trustees of the Owasso Economic Development Authority. Skip Mefford, Authority Chair ATTEST: Juliann M. Stevens, City Clerk