HomeMy WebLinkAbout2004.11.11_OEDA Agenda_CancellationPUBLIC NOTICE OF THE MEETING OF THE
OWASSO ECONOMIC DEVELOPMENT AUTHORITY
TYPE OF MEETING:
DATE:
TIME:
PLACE:
Notice and agenda filed1
at 5:00 p.m. on Tues�ay,
Regular
November 11, 2004
10:00 a.m.
Ow1asso City Hall
M in Conference Room
I Iq North Main
1. Call to Order & Roll Call
Mr. Yandell
--Qf the City
004.
l
OEDA FILE
posted on the City Hall bulletin board
Hayes,
AGENDA
Development Director
2. Request Approval of Minutes of the October 14, 2004 Regular meeting, October 19, 2004
Regular meeting, and October 22, 2004 Special meeting.
Mr. Yandell
Attachment #2
3. Request Approval of Claims.
Mr. Yandell
Attachment #3
4. Presentation of Financial Report.
Ms. Bishop
Attachment 94
OEDA
November 11, 2004
Page 2 of 2
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. Discussion of a Loan Agreement and Revenue Anticipation Note between the Owasso
Economic Development Authority and the City of Owasso.
Mr. Ray
10. New Business.
11. Adjournment.
OWASSO ECONOMIC DEVELOPMENT AUTHORITY
MINUTES OF REGULAR MEETING
Thursday, October 14, 2004
^
The Owasso Economic Development Authority met in regular session on Thursday, October 14,
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, October 11, 2004.
ITEM 1: CALL TO ORDER & ROLL CALL
Chairman Scott Yandell called the meeting to order at 10:05 a.m.
PRESENT ABSENT
Scott Yandell, Chair
Brenda Lawrence,Trustee
Tom Kimball, Trustee
Dee Sokolosky, Secretary
Steve Cataduella,Trustee
Gary Akin, Trustee
Frank Enzbrenner, Vice-Chair
STAFF
Rickey Hayes, Economic Development Director
Rodney Ray, City Manager
Duane Cuthberthson, Community Development
Ana Stagg, Public Works Director
Ron Cates, General Counsel
A quorum was declared present.
ITEM 2: REQUEST APPROVAL OF MINUTES OF THE SEPTEMBER 9TH, 2004
REGULAR MEETING.
Mr. Enzbrenner moved, seconded by Mr. Cataduella, to approve the minutes of the
September 9th, 2004 regular meeting, by reference made a part hereto.
AYE: Akin, Lawrence, Enzbrenner, Kimball, Cataduella, Yandell
NAY: None
ABSTAIN: Sokolosky
Motion carried 6-0.
ITEM 3: REQUEST APPROVAL OF CLAIMS.
No Claims
AYE: None
NAY: None
ABSTAIN: None
Owasso Economic Development Authority
ITEM 4: PRESENTATION OF FINANCIAL REPORT.
October 14, 2004
Ms. Bishop was absent. There was no financial report for October, 2004.
ITEM 5: UPDATE FROM ECONOMIC DEVELOPMENT DIRECTOR
Mr. Hayes reported on economic development activities in the city.
ITEM 6: REPORT FROM COMMUNITY DEVELOPMENT DIRECTOR
Duane Cuthbertson, City Planner, gave a brief report on building permits and other
development activity for the month..
ITEM 7: REPORT FROM PUBLIC WORKS DIRECTOR
Ana Stagg, Public Works Director gave a brief report on various street development,
and other Public Works related items.
ITEM 8: REPORT FROM OEDA MANAGER
Rodney Ray, City Manager, gave a brief report on hospital development and the
recent filing of an Initiative Petition challenging a zoning change recently approved
by the City Council. Mr. Ray also discussed water issues involving the City of Tulsa,
and water issues with rural water districts.
ITEM 9: CONSIDERATION AND APPROPRIATE ACTION RELATED TO A REQUEST
FOR TRUSTEE APPROVAL OF A LOAN AGREEMENT AND REVENUE
ANTICIPATION NOTE BETWEEN THE OWASSO ECONOMIC
DEVELOPMENT AUTHORITY AND THE CITY OF OWASSO, AND
AUTHORIZATION OF RESOLUTION NO. 2004-01
Due to time constraints, Items 9 was discussed after item 4. No action was taken on
these items. Meeting was recessed until Tuesday, October 19th at 2:00 PM.
-2-
Owasso Economic Development Authority
October 14, 2004
ITEM 10. CONSIDERATION AND APPROPRIATE ACTION RELATED TO A REQUEST
FOR TRUSTEE APPROVAL OF A LOAN AGREEMENT BETWEEN THE
OWASSO ECONOMIC DEVELOPMENT AUTHORITY AND VANGUARD CAR
RENTAL USA AND AUTHORIZATION OF RESOLUTION 2004-02.
Due to time constraints, Item 10 was discussed along with Item 9. No action was
taken on this item. Meeting was recessed until Tuesday, October 19th at 2:00 PM.
ITEM 11. NEW BUSINESS
ITEM 12. ADJOURNMENT
At 11:25 am, the meeting was recessed until Tuesday, October 19th, 2004 at 2:00 PM.
Scott Yandell, Chair
Date Approved
-3-
OWASSO ECONOMIC DEVELOPMENT AUTHORITY
MINUTES OF REGULAR MEETING
Thursday, October 19, 2004
The Owasso Economic Development Authority reconvened the regular session on Tuesday,
October 19, 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, October 11,
2004.
ITEM 1: CALL TO ORDER & ROLL CALL
Chairman Scott Yandell called the meeting to order at 2:20pm.
PRESENT
Scott Yandell, Chair
Brenda Lawrence,Trustee
Tom Kimball, Trustee
Dee Sokolosky, Secretary
Steve Cataduella,Trustee
Gary Akin, Trustee
Frank Enzbrenner, Vice-Chair
OTHERS
Randy Cowling
Jim East
STAFF
Rodney Ray, City Manager
Ron Cates, General Counsel
Juliann Stevens, Administrative Assistant
A quorum was declared present.
ITEM 9: CONSIDERATION AND APPROPRIATE ACTION RELATED TO A REQUEST
FOR TRUSTEE APPROVAL OF A LOAN AGREEMENT AND REVENUE
ANTICIPATION NOTE BETWEEN THE OWASSO ECONOMIC
DEVELOPMENT AUTHORITY AND THE CITY OF OWASSO, AND
AUTHORIZATION OF RESOLUTION NO. 2004-01
The regular meeting of October 14, 2004 continued with discussions among members
regarding the loan agreement and concerns of approving the agreement without first
obtaining credit enhancement insurance. Mr. Ray informed members that
conversations continue between the City staff and credit agencies. Also discussed,
was the addition of language to the loan agreement stating a "due on sale" clause.
Mr. Enzbrenner made a motion to table the item until such credit enhancement
insurance can be obtained. Mr. Cataudella seconded the motion.
AYE: Enzbrenner, Cataudella, Yandell, Kimball, Sokolosky, Lawrence, Akin
NAY: none
Owasso Economic Development Authority
October 19, 2004
ITEM 10. CONSIDERATION AND APPROPRIATE ACTION RELATED TO A REQUEST
FOR TRUSTEE APPROVAL OF A LOAN AGREEMENT BETWEEN THE
OWASSO ECONOMIC DEVELOPMENT AUTHORITY AND VANGUARD CAR
RENTAL, USA AND AUTHORIZATION OF RESOLUTION 2004-02.
Item 10 discuss was combined with Item 9. Mr. Enzbrenner made a motion to table
the item until such credit enhancement insurance can be obtained. Mr. Cataudella
seconded the motion.
AYE: Enzbrenner, Cataudella, Yandell, Kimball, Sokolosky, Lawrence, Akin
NAY: none
ITEM 11. NEW BUSINESS
None
ITEM 12. ADJOURNMENT
Motion made by Tom Kimball, seconded by Brenda Lawrence to adjourn.
At 2:40pm, the meeting was adjourned.
Scott Yandell, Chair
Date Approved
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OWASSO ECONOMIC DEVELOPMENT AUTHORITY
MINUTES OF SPECIAL MEETING
Friday, October 22, 2004
The Owasso Economic Development Authority met in special session on Friday, October 22,
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 Tuesday, October 19th, 2004.
ITEM 1: CALL TO ORDER & ROLL CALL
Chairman Scott Yandell called the meeting to order at 10:00 a.m.
PRESENT
Scott Yandell, Chair
Brenda Lawrence, Trustee
Frank Enzbrenner, Vice Chair
Gary Akin, Trustee
Steve Cataduella, Trustee
ABSENT
Dee Sokolosky, Secretary
Tom Kimball, Trustee
STAFF
Rickey Hayes, Economic Development Director
Ron Cates, General Counsel
Sherry Bishop, Finance Director
Tim Rooney, Assistant City Manager
A quorum was declared present.
ITEM 2: CONSIDERATION AND APPROPRIATE ACTION RELATING TO A REQUEST
FROM SF MARKETPLACE INVESTORS, LTD., AND ONEOK, INC., FOR
RATIFICATION OF A LEASE AGREEMENT FOR PROPERTY OWNED BY THE
OWASSO ECONOMIC DEVELOPMENT AUTHORITY
Mr. Akin moved, seconded by Ms. Lawrence, to approve the request .
AYE: Akin, Lawrence, Yandell, Enzbrenner, Cataduella
NAY: None
Motion carried 5-0.
Owasso Economic Development Authority
ITEM 3: ADJOURNMENT
Mr. Akin moved, seconded by Mr. Enzbrenner, to adjourn.
AYE: Lawrence , Enzbrenner, Cataduella, Akin, Yandell,
NAY: None
Motion carried 5-0, and the meeting was adjourned at 10:30 p.m.
October 22, 2004
Scott Yandell, Chairperson
Date Approved
-2-
MEMORANDUM
TO: THE HONORABLE CHAIR & TRUSTEES
OWASSO ECONOMIC DEVELOPMENT AUTHORITY
FROM: RICKEY HAYES, ECONOMIC DEVELOPMENT DIRECTOR
SUBJECT: OEDA Claims for October 2004
DATE: 11/04/04
There were no claims for October 2004.
Owasso Economic Development Authority
Statement of Revenues, Expenses and Changes in Fund Net Assets
For the Month Ending October 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
$0.00
0.00
4.51
4.51
0.00
0.00
0.00
0.00
4.51
0.00
0.00
4.51
Yea r-to-date
$0.00
0.00
17.91
17.91
0.00
0.00
0.00
0.00
17.91
0.00
0.00
17.91
10,730.55
$10,748.46
**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: November 4th, 2004
Progress continues on the commercial sites in the 96th Street retail corridor. The Smith Farms
Marketplace development by Hunt Properties is fully closed and construction has begun. Site
work is going on now and construction on the buildings will kick off in a few weeks.
Engineering is currently taking place on Garnett Road and 96th Street improvements to coincide
with the opening of the Smith Farms center. City of Owasso staff are meeting with utility
representatives and engineers on relocating utility lines in the area of 96th Street and Garnett.
Several other properties along Garnett and 96th Street are being considered for commercial
development also.
I had the privilege of attending the Governor's Economic Development Summit in Oklahoma
City a few weeks ago and enjoyed the networking opportunities and information that the
meetings provided. I attended meetings with AEP-PSO management this week regarding issues
related to customer service and governmental concerns in and around the Tulsa metro area. The
International Council of Shopping Centers (ICSC) held a regional meeting in Tulsa last month
and I had opportunity to attend and assist Hunt Properties in several meetings with retailers, as
well as networking with Tulsa commercial brokers on several projects in Owasso.
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.