HomeMy WebLinkAbout2002.04.11_OEDA AgendaPUBLIC NOTICE OF THE MEETING OF THE
OWASSO ECONOMIC DEVELOPMENT AUTHORITY
TYPE OF MEETING:
DATE:
TIME:
PLACE:
NOTICE FILED BY:
TITLE:
Regular
April 11, 2002
10:00 AM
City Hall Main Conference Room
Stan Ewing
Director of Economic Development
Filed in the office of the Owasso City Clerk and posted at the north entrance to City Hall at 5:00
PM on the 8`h day of April, 2002.
Stan Ewing, Director
Economic Development
OWASSO ECONOMIC DEVELOPMENT AUTHORITY
Thursday, April 11, 2002
Owasso City Hall Conference Room, 111 N. Main St.
AGENDA
Call to Order and Roll Call
2. Request Approval of the Minutes of the February 14, 2002 Regular Meeting.
Mr. Sokolosky
Attachment #1
3. Request for the Approval of Claims.
Mr. Sokolosky
(There were no claims at the time if this report.)
4. Presentation of Financial Report for period ending March 31, 2002
Ms. Bishop
Attachment #2
5. Discussion of CDBG boundary amendment and application status.
Mr. Ewing
No Attachments
6. Update on Enterprise Zone
Mr. Ewing
No Attachments
7. Report from the Economic Development Director
Mr. Ewing
8. Report from the OEDA Manager
9. New Business
10. Adjournment
OWASSO ECONOMIC DEVELOPMENT AUTHORITY
MINUTES REGULAR MEETING
THURSDAY, February 14, 2002
City Hall Conference Room 10 a.m.
ITEM 1: CALL TO ORDER AND ROLL CALL
Chairman Dee Sokolosky called the meeting to order at 10:00 a.m. and roll call was taken as
follows:
TRUSTEES PRESENT
Gary Akin
Frank Enzbrenner
Tom Kimball
Dee Sokolosky
TRUSTEES ABSENT
Brenda Lawrence
Brian Smith
Will Williams
STAFF PRESENT
Stan Ewing
Rodney Ray
Sherry Bishop
Mary Jo Griffin
ITEM 2: REQUEST APPROVAL OF MINUTES OF THE DECEMBER 17, 2001
SPECIAL MEETING AND THE DECEMBER 20, 2001 SPECIAL
METING.
There being no questions or amendments to the minutes Mr. Akin moved to approve the minutes
of the December 17, 2001 and December 20, 2001 Special Meetings. Mr. Kimball seconded and
the motion carried 4 -0.
AYE: Akin, Kimball, Enzbrenner, Sokolosky
NAY: none
ITEM 3: REQUEST APPROVAL OF CLAIMS
No Claims were presented.
ITEM 4: PRESENTATION OF FINANCIAL REPORTS FOR PERIOD ENDING
JANUARY 30, 2002.
There were no questions.
ITEM 5: DISCUSSION OF TAX INCREMENT FINANCING POLICY.
For general discussion purposes, Mr. Ewing combined items 5 and 6.
Mr. Ewing briefly discussed the history of the Oklahoma Department of Commerce designated
Enterprise Zone within the City of Owasso; which used 1990 census data for income. He
explained that the zone was defined by census data on the basis of income levels within a certain
area.
Owasso Economic Development Authority
Minutes of February 14, 2002 Meeting
Page 2
Mr. Ewing went on to explain that some of the same data that would define the enterprise zone is
used to also determine Tax Increment Financing Districts and Community Development Block
Grant eligibility. Currently the boundaries of the enterprise zone and the CDBG area are not the
same and if a TIF District were to be established it could have different boundaries as well. Staff
would like to eventually have these three distinct districts be more congruent. Maps were
available for viewing the discussed areas.
Mr. Ewing stated that the income level data from the 2000 census is due to be released during
June and July of this year. He would like to use this data to update the boundaries of the current
Enterprise Zone and CDBG project areas. Currently the CDBG eligible area is within an area
that we do not want to make certain improvements due to the future change of land uses as
identified within the Land Use Plan.
A preliminary needs review is to take place to identify areas between Third Street and 86th Street
North that could be submitted for future improvement funds through CDBG. Generally this area
did not meet the criteria for CDBG funding during evaluation. Mr. Ewing and Jared Bates from
Public Works Engineering will be conducting this survey.
Regarding the TIF District, Mr. Ewing would like to reenergize the TIF Policy Committee that
was established by the City Council in 1998. This would work well in being ready to utilize the
census data that will be available later this spring that will be utilized for the previously
discussed areas.
ITEM 6: DISCUSSION OF ENTERPRISE ZONES
This item was combined with item number five.
ITEM 7: DISCUSSION OF ISSUES RELATING TO A PROPOSAL BETWEEN
THE CITIES OF OWASSO, SAND SPRINGS, JENKS, BIXBY, ROGERS
COUNTY AND THE TULSA METROPOLITAN CHAMBER OF
COMMERCE FOR THE PURPOSE OF ECONOMIC DEVELOPMENT
ACTIVITY.
Mr. Ray discussed a program that Tulsa Chamber of Commerce is trying to develop that could
involve the above referenced Cities. After discussion with the board the general consensus from
the trustees was that it was not something they wanted to enter into at this time.
ITEM 8: REPORT FROM ECONOMIC DEVELOPMENT DIRECTOR
No Report
ITEM 9: REPORT FROM OEDA MANAGER
Owasso Economic Development Authority
Minutes of February 14, 2002 Meeting
Page 3
Mr. Ray discussed the following items; a zoning appeal that will be going to the City Council in
March, general discussion over uses of the hotel/motel proposition if passed and preparations for
the upcoming election, and a copy of House Bill 1199 provided by Senator Campbell.
ITEM 10: NEW BUSINESS
There was none.
ITEM 11: ADJOURNMENT
Mr. Enzbrenner moved to adjourn. Mr. Kimball seconded and the motion carried 4 -0. The
meeting adjourned at 11:40 a.m.
Aye: Enzbrenner, Kimball, Akin, Sokolosky
Nay: none
Dee Sokolosky, Chairperson
Date Approved
Owasso Economic Development Authority
Schedule of Revenues and Expenses
For the Month Ending March 31, 2002
Operating Revenues:
Contributions
Reimbursements
Interest
Total Operating Revenues
Operating Expenses:
Materials & supplies
Services & other charges
Capital outlay
Total Operating Expenses
Operating Income (Loss)
Non - Operating Revenues (Expenses):
Transfer from General Fund
Total Non - Operating Revenues (Expenses)
Net Income (Loss)
Retained Earnings ** 06/30/01
Retained Earnings ** 03/31/02
Month -to -date
$0.00
0.00
19.92
19.92
0.00
0.00
0.00
r..
0.00
0.00
19.92
Year -to -date
$0.00
0.00
261.16
261.16
19.25
4,915.00
0.00
4,934.25
(4,673.09)
0.00
0.00
(4,673.09)
16,543.31
$11,870.22
* *Note: For the purposes of this report, "Retained Earnings" includes only
current assets and current liabilities