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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 -2- 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.