The URL can be used to link to this page

Home My WebLink About2004.03.11_OEDA AgendaPUBLIC NOTICE OF THE MEETING OF THE OWASSO ECONOMIC DEVELOPMENT AUTHORITY TYPE OF MEETING: DATE: TIME: PLACE: Regular March 11, 2004 10:00 a.m. Owasso City Hall Main Conference Room 1 I 1 North Main OEDA FILE Notice and agenda filed in the office of the City Clerk and posted on the City Hall bulletin board at 4:00 p.m. on Monday, March 8, 2004. �r Rickey Hayes, E ono c evelopment Director AGENDA 1. Call to Order & Roll Call Ms. Lawrence 2. Request Approval of Minutes of the February 12, 2004 Regular meeting. Ms. Lawrence Attachment #1 3. Request Approval of Claims. Ms. Lawrence Attachment #2 Owasso Economic Development Authority March 11, 2004 Page 2 4. Presentation of Financial Report. Ms. Bishop Attachment #3 5. Update from Economic Development Director. Mr. Hayes Attachment # 4 6. Report from OEDA Manager. Mr. Ray 7. New Business. 8. Adjournment. OWASSO ECONOMIC DEVELOPMENT AUTHORITY MINUTES OF REGULAR MEETING Thursday, February 12, 2004 The Owasso Economic Development Authority met in regular session on Thursday, February 12, 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 4:00 p.m. on Monday, February 9, 2004. ITEM 1: CALL TO ORDER & ROLL CALL Chairman Brenda Lawrence called the meeting to order at 10:10 a.m. PRESENT ABSENT Brenda Lawrence, Chair Steve Cataudella, Trustee Scott Yandell, Vice -Chair Dee Sokolosky, Trustee Tom Kimball, Trustee Gary Akin, Trustee Frank Enzbrenner, Secretary STAFF CITIZENS PRESENT Rickey Hayes, Economic Development Director Brent Colgan Rodney Ray, City Manager Steve Baker Tim Rooney, Assistant City Manager Eric Wiles, Community Development Director Sherry Bishop, Finance Director Chris Cross, Public Works Julie Stevens, Administrative Assistant A quorum was declared present. ITEM 2: REQUEST APPROVAL OF MINUTES OF THE JANUARY 8, 2004 SPECIAL MEETING AND THE JANUARY 22, 2004 SPECIAL MEETING. Mr. Sokolosky moved, seconded by Ms. Lawrence, to approve the minutes of the January 8, 2004 and January 22, 2004 special meetings, by reference made a part hereto. AYE: Sokolosky, Lawrence, Yandell, Kimball, Enzbrenner, Akin NAY: None ABSTAIN: None Motion carried 6 -0. F Owasso Economic Development Authority ITEM 3: REQUEST APPROVAL OF CLAIMS. No Claims AYE: None NAY: None ABSTAIN: None ITEM 4: PRESENTATION OF FINANCIAL REPORT. Ms. Bishop presented a brief financial report for January 2004. ITEM 5: UPDATE FROM ECONOMIC DEVELOPMENT DIRECTOR February 12, 2004 Mr. Hayes reported on economic development activities in the city and Eric Wiles provided the January building permit report and commented on the active residential building within the City. ITEM 6: CONSIDERATION AND APPROPRIATE ACTION RELATING TO A DOWNTOWN REDEVELOPMENT PLAN RECOMMENDATION TO THE OWASSO CITY COUNCIL. Mr. Wiles gave an overview of the proposed plan. Members discussed the recommendations and recommended revisions to the plan. Motion made by Mr. Kimball to revise plan, seconded by Mr. Yandell. AYE: Kimball, Yandell, Lawrence, Sokolosky, Enzbrenner, Akin NAY: None ABSTAIN: None Motion carried 6 -0. ITEM 7: REPORT FROM OEDA MANAGER Mr. Ray invited all members of the Authority to attend the Good to Great workshop to be presented by Dr. Ken Eastman. Mr. Cross from the Public Works Department gave a brief update on current projects within the city to include the 96th & 1291h intersection and 86th Street Widening project. -2- J a Owasso Economic Development Authority February 12, 2004 ITEM 8: NEW BUSINESS Mr. Kimball discussed a recent trip to the Vanguard, Inc. office in Florida made by him and Mr. Hayes. Mr. Kimball commented that the trip was productive and the City of Owasso was well received by those employees who may relocate to the Tulsa office. ITEM 9: ADJOURNMENT Mr. Enzbrenner moved, seconded by Mr. Kimball, to adjourn. AYE: Enzbrenner, Kimball, Lawrence, Sokolosky, Yandell, Akin NAY: None Motion carried 6 -0, and the meeting was adjourned at 10:55 a.m. Date Approved -3- M MEMORANDUM TO: THE HONORABLE CHAIR & TRUSTEES OWASSO ECONOMIC DEVELOPMENT AUTHORITY FROM: RICKEY )-IAYES, ECONOMIC DEVELOPMENT DIRECTOR J.. (,d-x—r SUBJECT: OEDA Claims for February 2004 DATE: 03/08/04 There were no claims for February 2004 Owasso Economic Development Authority Schedule of Revenues and Expenses For the Month Ending February 29, 2004 * *Note: For the purposes of this report, "Retained Earnings" includes only current assets and current liabilities Month -to -date Year -to -date Operating Revenues: Contributions $0.00 $0.00 Reimbursements 0.00 0.00 Interest 4.63 50.21 Total Operating Revenues 4.63 50.21 Operating Expenses: Materials & supplies 0.00 0.00 Services & other charges 0.00 6,250.00 Capital outlay 0.00 0.00 Total Operating Expenses 0.00 6,250.00 Operating Income (Loss) 4.63 (6,199.79) Non - Operating Revenues (Expenses): Transfer from General Fund 0.00 0.00 Total Non - Operating Revenues (Expenses) 0.00 0.00 Net Income (Loss) 4.63 (6,199.79) Retained Earnings ** 06/30/03 18,410.90 Retained Earnings ** 02/29/04 $12,211.11 * *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: March 3, 2004 Target Corporation has informed staff that they have requested proposals from three developers in Owasso that would define the developer's site plans and financial mechanisms of the "deal ". Owasso Land Trust, Paragon Development, and Hunt Properties have been asked to provide information. Target has stated that they would like a construction ready pad site early Spring 05. I will forward information as it arrives. As you already know, Vanguard Car Rental USA Inc., formerly National Car Rental and Alamo Car Rental, recently announced a move of the company's corporate offices to the MCI building at Cherokee Industrial Park. Initially, about 150 employees will move to Owasso from the Ft. Lauderdale, Florida area and about 700 jobs will be created by the end of this year. I attended two receptions and breakfasts for the Vanguard employees that visited the Tulsa area in February. Several local realtors reported contracts on homes from the initial visits and many more are expected as the relocation deadlines arrive for the employees. One of the things I learned from the Vanguard employees was the strategic importance of the Internet and that information about Owasso both residential and commercial, is being sought everyday. I believe that this technology is key to our success in the next few months and years. We are currently updating the web page and all the marketing material and I will have the new material to you for your review in the next few weeks. Two groups continue discussions locally in regard to construction of a medical complex for the City of Owasso. One group, Alliance Healthcare, is working with officials of the Larkin Bailey Trust and the other group, the Haskell Enterprise Group, is working locally on land acquisition for a site for the hospital and medical complex. The addition of a modern medical complex in our city is an essential proponent of our quality of life as our population increases and commercial growth and development continues. 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.