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Home My WebLink About2005.01.13_OEDA AgendaPUBLIC NOTICE OF THE MEETING OF THE OWASSO ECONOMIC DEVELOPMENT AUTHORITY TYPE OF MEETING: DATE: TIME: PLACE: Regular January 13, 2005 10:00 a.m. Owasso City Hall Main Conference Room 111 North Main OEDA FILE Notice and agenda filed in the office of the City Clerk and posted on the City Hall bulletin board at 5:00 p.m. on Friday, January 7, 2005. x' Rickey Hayes, Econom velopment Director AGENDA 1. Call to Order & Roll Call Mr. Yandell 2. Request Approval of Minutes of the December 9, 2004 Regular Meeting. Mr. Yandell Attachment #2 3. Request Approval of Claims. Mr. Yandell Attachment #3 4. Presentation of Financial Report. Ms. Bishop Attachment #4 OEDA January 13, 2005 Page 2of3 5. Update from Economic Development Director. Mr. Hayes Attachment #5 6. Report from Community Development Director Mr. Wiles 7. Report from the Public Works Director Ms. Stagg 8. Report from OEDA Manager. Mr. Ray 9. Consideration and appropriate action relating to a request for Trustee approval of Resolution No. 2005-01, a resolution authorizing a Loan Agreement and Revenue Anticipation Note between the Owasso Economic Development Authority and the City of Owasso, and authorization of Chairman to execute all necessary documents related thereto. Mr. Ray Enclosure Staff will recommend Trustee approval of Resolution No. 2005-01. OEDA January 13, 2005 Page 3 of 3 10. Consideration and appropriate action relating to a request for Trustee approval of Resolution No. 2005-02, a resolution authorizing a Loan Agreement and Promissory Note between the Owasso Economic Development Authority and Vanguard Car Rental, USA, Inc., and authorization of Chairman to execute all necessary documents related thereto. Mr. Ray Enclosure Staff will recommend Trustee approval of Resolution No. 2005-02. 11. Discussion relating to the Commercial Stormwater Runoff Fee. Mr. Ray 12. New Business. 13. Adjournment. OWASSO ECONOMIC DEVELOPMENT AUTHORITY MINUTES OF REGULAR MEETING Thursday, December 9, 2004 The Owasso Economic Development Authority met in regular session on Thursday, December 9, 2004 in the Main Conference Room at Owasso City Hall per the Notice of Public Meeting and Agenda posted on the City Hall bulletin board at 5:00 p.m. on Monday, December 6, 2004. ITEM 1: CALL TO ORDER & ROLL CALL Chairman Scott Yandell called the meeting to order at 10:O1AM. PRESENT Scott Yandell, Chair .§ ._ `1 Brenda Lawrence,Trustee Tom Kimball, Trustee Dee Sokolosky, Secretary Steve Cataduella,Trustee Gary Akin, Trustee Frank Enzbrenner, Vice -Chair (arrived at 10:15AM) STAFF Rodney Ray, City Manager Sherry Bishop, Finance Director Rickey Hayes, Economic Development Director Juliann Stevens, Administrative Assistant A quorum was declared present. Ana Stagg, Public Works Director Joe Nurre, Public Works ITEM 2: REQUEST APPROVAL OF MINUTES OF THE OCTOBER 14, 2004 REGULAR MEETING OCTOBER 19 2004 REGULAR MEETING AND THE OCTOBER 22, 2004 SPECIAL MEETING. Mr. Akin moved, seconded by Mr. Cataduella, to approve the minutes of the October 14, 2004 and October 19, 2004 regular meeting, and the October 22, 2004 special meeting, by reference made a part hereto. AYE: Akin, Lawrence, Kimball, Cataduella, Yandell, Sokolosky NAY: None ABSTAIN: Motion carried 6-0. Owasso Economic Development Authority ITEM 3: REQUEST APPROVAL OF CLAIMS. No Claims AYE: None NAY: None ABSTAIN: None ITEM 4: PRESENTATION OF FINANCIAL REPORT. December 9, 2004 Ms. Bishop was present. A financial report was supplied to each member present. After a review of the report, no questions were asked of Ms. Bishop. ITEM 5: UPDATE FROM ECONOMIC DEVELOPMENT DIRECTOR Mr. Hayes reported on economic development activities in the city. Mr. Enzbrenner arrives at 10:15am. ITEM 6: REPORT FROM COMMUNITY DEVELOPMENT DIRECTOR Mr. Wiles was not present for a report. Mr. Hayes gave a brief overview of the building permit report for the month of November 2004. ITEM 7: REPORT FROM PUBLIC WORKS DIRECTOR Ana Stagg, Public Works Director gave a brief report on various street development projects, and other Public Works related items. ITEM 8: REPORT FROM OEDA MANAGER Rodney Ray, City Manager, gave a brief report on hospital development activities. Discussion regarding the stormwater fee was held and members were informed that more discussions were to be expected in January 2005. Mr. Sokolosky excused himself and exiting the meeting at 10:55am. ITEM 9. NEW BUSINESS None Owasso Economic Development Authority ITEM 10. ADJOURNMENT December 9, 2004 Motion made by Ms. Lawrence, seconded by Mr. Kimball to adjourn. At 10:58am, the meeting was adjourned. Scott Yandell, Chair Date Approved MEMORANDUM TO: THE HONORABLE CHAIR & TRUSTEES OWASSO ECONOMIC DEVELOPMENT AUTHORITY FROM: RICKEY HAYES, ECONOMIC DEVELOPMENT DIRECTOR 44�� SUBJECT: OEDA Claims for December 2004 DATE: 01/06/05 There were no claims for December 2004. Owasso Economic Development Authority Statement of Revenues, Expenses and Changes in Fund Net Assets For the Month Ending December 31, 2004 Operating Revenues: Contributions Reimbursements Interest Total Operating Revenues Operating Expenses: Materials & supplies Services & other charges Capital outlay Total Operating Expenses Operating Income (Loss) Capital contributions Transfer from General Fund Total Non -Operating Revenues (Expenses) Change in Net Assets Total net assets - beginning Total net assets - ending Month -to -date Year-to-date $0.00 $0.00 0.00 0.00 4.52 26.81 4.52 26.81 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4.52 26.81 0.00 0.00 0.00 0.00 4.52 26.81 10,730.55 $10,757.36 "Note: For the purposes of this report, "Retained Earnings" includes only current assets and current liabilities MEMORANDUM TO: OWASSO ECONOMIC DEVELOPMENT AUTHORITY BOARD OF TRUSTEES FROM: RICKEY HAYES SUBJECT: ECONOMIC DEVELOPMENT DIRECTOR'S REPORT DATE: January 6, 2005 Progress continues on the commercial sites in the 961h Street retail corridor. Site work is continuing and construction on the buildin s will kick off in a few weeks. Target has certified and taken their pad, effective December 28` . Belk and Hobby Lobby are scheduled to take their pads in January. Engineering is complete on the Garnett Road and 96`h Street improvements to coincide with the opening of the Smith Farms center and the projects will be out to bid in a few days. Waterford Place at 96`h and 129`h is completed and about 80% leased according to the developers. Construction continues on two new retail / mixed use projects on 86`h Street. One project is just east of the entrance to the Greens Apartments and is called the Renaissance Center and has a GLA of 19,300 sq. ft.. The other project is the renovation of the First Baptist Church property. Fuddruckers Gourmet Hamburgers and The Lanes at Coffee Creek, a 32 lane bowling and recreational facility, are both are both reporting good numbers from their opening weeks. I am in the process of updating and revamping the Economic Development website. The site will have a completely new look and will be more user friendly. All the new marketing material will be included, as well as the other material that is relevant. The Bailey Medical Group and the Owasso Medical Campus (St. Johns Healthcare Systems) are both at the building permit stage. Both groups have received final site plan approval from the Planning Commission and the Owasso City Council. Site preparations should begin soon. As always, if I can serve you in any way, please call. Your input and direction are always important to the success of our efforts.