HomeMy WebLinkAbout2002.08.15_OEDA AgendaPUBLIC NOTICE OF THE MEETING OF THE
OWASSO ECONOMIC DEVELOPMENT AUTHORITY
TYPE OF MEETING: Rescheduled Regular
DATE: August 15, 2002
TIME: 10:00 a.m.
PLACE: Owasso City Hall
Main Conference Room
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, August 12, 2002.
Marcia kBoutwelt, City derk
AGENDA
1. Call to Order
2. Roll Call
3. Request Approval of Minutes of the July 11, 2002 Regular Meeting.
Mr. Kimball
Attachment #3
OWASSO ECONOMIC DEVELOPMENT AUTHORITY
AUGUST 15, 2002
PAGE 2
4. Request Approval of Claims.
Mr. Kimball
Attachment #4
5. Presentation of Financial Report.
Ms. Bishop
Attachment #5
6. Consideration and Appropriate Action Relating to a Request for Trustee Adoption of a FY
2002 -03 Operating Budget.
Ms. Bishop
Mr. Hayes
Attachment #6
The staff will recommend Trustee adoption of the proposed budget as submitted by the City
Manager.
7. Status Report Relating to the Activities of the Regional Economic Development Consortium
Mr. Hayes
Ms. Melendez
OWASSO ECONOMIC DEVELOPMENT AUTHORITY
AUGUST 15, 2002
PAGE 3
8. Update from Economic Development Specialist.
Mr. Hayes
9. Report from OEDA Manager.
Mr. Ray
10. New Business
11. Where Should We Focus Our Efforts: A General Discussion Relating to the Purpose,
Goals, and Focus of the City's Economic Development Efforts.
Mr. Hayes, Moderator
12. Adj ournment
OWASSO ECONOMIC DEVELOPMENT AUTHORITY
MINUTES OF REGULAR MEETING
Thursday, July 11, 2002
The Owasso Economic Development Authority met in regular session on Thursday, July 11,
2002 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, July 8, 2002.
ITEM 1: CALL TO ORDER
Chairman Sokolosky called the meeting to order at 10:00 a.m.
TTF.M 2- RMI. C:AT.T.
PRESENT
Dee Sokolosky, Chair
Brenda Lawrence, Secretary
Tom Kimball, Trustee
Scott Yandell, Trustee
Mike Helm, Trustee
STAFF
Rodney J Ray, City Manager
Sherry Bishop, Finance Director
Marcia Boutwell, City Clerk
A quorum was declared present.
ABSENT
Frank Enzbrenner, Vice Chair
Gary Akin, Trustee
ITEM 3: INTRODUCTION OF NEWLY - APPOINTED TRUSTEE
Chairman Sokolosky introduced Scott Yandell, who was recently confirmed by the City Council
as a Trustee for a five -year term. He also introduced Mike Helm, who was confirmed as the
Council representative on the Authority for a one -year term. Gary Akin was reappointed to a
one -year term as Chamber representative.
ITEM 4: ELECTION OF CHAIRPERSON FOR 2002 -2003.
Mr Helm nominated Mr Kimball for the position of Chairperson, seconded by Mr Yandell. Mr
Yandell moved, seconded by Mr Helm, to elect Mr Kimball as Chairperson for fiscal 2002 -03.
AYE: Yandell, Helm, Lawrence, Kimball, Sokolosky
NAY: None
Motion carried 5 -0.
Owasso Economic Development Authority July 11, 2002
ITEM 5: ELECTION OF VICE CHAIRPERSON FOR 2002 -2003.
With Mr Kimball presiding, Mr Sokolosky moved, seconded by Mr Helm, that Ms Lawrence be
elected to the position of Vice Chairperson.
AYE: Sokolosky, Helm, Yandell, Lawrence, Kimball
NAY: None
Motion carried 5 -0.
ITEM 6: ELECTION OF SECRETARY FOR 2002 -2003.
Mr Sokolosky moved, seconded by Ms Lawrence, that Mr Enzbrenner be elected to the position
of Secretary.
AYE: Sokolosky, Lawrence, Helm, Yandell, Kimball
NAY: None
Motion carried 5 -0.
ITEM 7: REQUEST APPROVAL OF MINUTES OF THE JUNE 20, 2002 SPECIAL
MEETING.
Mr Sokolosky moved, seconded by Ms Lawrence, to approve the minutes of the June 20, 2002
special meeting, by reference made a part hereto.
AYE: Sokolosky, Lawrence, Yandell, Helm, Kimball
NAY: None
Motion carried 5 -0.
ITEM 8: REQUEST APPROVAL OF CLAIMS.
No claims were presented.
ITEM 9: PRESENTATION OF FINANCIAL REPORT.
Ms Bishop presented the financial report. She reminded the Trustees that they will have to
approve a budget to be filed with the City Clerk. The proposed budget will be on the August
agenda.
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Owasso Economic Development Authority
July 11, 2002
ITEM 10: UPDATE REPORT RELATING TO STATUS OF THE METROPOLITAN
REGIONAL ECONOMIC DEVELOPMENT INITIATIVE.
Mr Ray reported that the proposal to carry over and transfer $25,000 from the General Fund to
the OEDA was presented to the Council at their Work Session and has been placed on the July
16th agenda for action. If the Council approves the requested action, the agreement will be
signed and the funds deposited as requested.
ITEM 11: REPORT FROM OEDA MANAGER
Mr Ray said that Rickey Hayes has accepted the position as Economic Development Specialist,
with his first day being July 29th. Robert Moore has been hired as City Planner and Eric Wiles
has been hired as Community Development Director. Both will also begin their duties on July
29th. Mr Ray briefly discussed several projects, including the status of Highway 20, street
project, the 76th St & 169 intersection improvements, and a recent Supreme Court ruling that
cities may serve any property in a rural water district that is not currently being served by a rural
water district.
ITEM 12: NEW BUSINESS.
None.
ITEM 13: ADJOURNMENT
Mr Yandell moved, seconded by Ms Lawrence, to adjourn.
AYE: Yandell, Lawrence, Sokolosky, Helm, Kimball
NAY: None
Motion carried 5 -0, and the meeting was adjourned at 10:50 p.m.
Date Approved
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Tom Kimball, Chairperson
At the time of the posting of this agenda, there were no claims to be presented.
Owasso Economic Development Authority
Schedule of Revenues and Expenses
For the Month Ending July 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 ** 06/30/02
Retained Earnings *' 07/31/02
Month -to -date
$0.00
0.00
15.58
15.58
f
0.00
0.00
15.58
Year -to -date
"Note: For the purposes of this report, "Retained Earnings" includes only
current assets and current liabilities
$0.00
0.00
15.58
15.58
0.00
0.00
0.00
0.00
15.58
0.00
0.00
15.58
11,915.86
$11,931.44
MEMORANDUM
TO: THE HONORABLE CHAIR & TRUSTEES
OWASSO ECONOMIC DEVELOPMENT AUTHORITY
FROM: RICK HAYES
RCONOMIC DEVELOPMENT DIRECTOR
SUBJECT: PROPOSED OEDA BUDGET
DATE: August 14, 2002
BACKGROUND:
Pursuant to statutory provisions, an annual operating budget for the OEDA has been developed
and transmitted for your review. On Monday, August 12, 2002, legal notice of a public hearing
was posted on the City Hall bulletin board. Copies of the proposed budget have been made
available for public review.
The fund balance as of July 1, 2002 was $11,916
IQU"J
Interest income $ 500
Transfer from City of Owasso, $25,000
TOTAL REVENUE $25,500
PROPOSED EXPENDITURES
$30,000
Proposed expenditures are for Personal services, materials and supplies, participation in a
regional economic development consortium with the Tulsa Chamber, and other services.
PROJECTED ENDING FUND BALANCE (JUNE 30, 2003)
$7,416
RECOMMENDATION:
Staff recommends Trustee approval of proposed OEDA budget.
Owasso Economic Development Authority
Proposed Budget
FY 2002 -2003
BEGINNING FUND BALANCE (7 -1 -2002) $ 11,916
PROPOSED REVENUE
95- 000 -46100 Interest 500
95- 000 -48001 Transfer from --
City of Owasso, General Fund 25,000
TOTAL REVENUE 25,500
PROPOSED EXPENDITURES
Personal Services 0
Materials & Supplies 0
Other Services 30,000
Capital Outlay 0
TOTAL EXPENDITURES 30,000
PROPOSED NET (4,500)
PROJECTED ENDING FUND BALANCE (6 -30 -2003) $ 7,416
Owasso Economic Development Authority
Fiscal Year 2002 -2003
Annual Budget
$50,000
$45,000
$40,000
$35,000
$30,000
$25,000
$20,000
$15,000
$10,000
$5,000
$0
OEDA 5 -year Expenditure Trend
(OEDA 95 -710)
FY 99 FY 00 FY 01 FY 02 FY 03
Expenditure Category
Actual
1998 -99
Actual
1999 -2000
Actual
2000 -2001
Actual
2001 -2002
Proposed
2002 -2003
Personal Services
-
-
Materials & Supplies
-
-
-
19
-
Other Services & Charges
13,298
1,395
49,405
4,915
30,000
Capital Outlay
-
-
-
-
-
Total 13,298 1,395 49,405 4,934 30,000
OEDA
Owasso Economic Development Authority
Fiscal Year 2002 -2003
Annual Budget
Actual Actual Actual Proposed
Line Item Description 1999 -2000 2000 -2001 2001 -2002 2002 -2003
Personal Services
'Total Personal Services`
Materials & Supplies
95 -710 52001 Office Supplies
'Total Materials & Supplies"
19 -
19 -
Other Services & Charges
95 -710 53001 Prof. & Tech. Services 280 49,405 4,915 30,000
53670 Dues & Fees 1,115
'Total Other Services & Charges' 1,395 49,405 4,915 30,000
Capital Outlay
95 -710 54400 Machinery
"Total Capital Outlay'
Total OEDA 1,395 49,405 4,934 30,000
OEDA
ECONOMIC
DEVELOPMENT
REPORT
AUGUST 2002
ECONOMIC DEVELOPMENT REPORT FOR AUGUST 2002:
My first weeks in Owasso were very enjoyable. I spent an average of three hours a day meeting
local business owners in retail and industrial areas of the city. I want to be an advocate for the
local business person at city hall and be available to serve the business men and women in
Owasso in any capacity. I met each of the board members of the OEDA, and am looking forward
to working with each of you to enrich the quality of life in Owasso.
I met several local developers and discussed development needs and each developer's vision for
our city. I developed a set of goals for the economic development office that I believe will serve
the city's interest now and in the future. I had the pleasure of attending several ribbon cutting
events for newly opened businesses, and met and listened to the very impressive Attorney
General of the State of Oklahoma at the Chamber of Commerce board of directors meeting and
chamber luncheon.
I began researching several retail leads for development and am excited about the interest shown
in response. I am looking at several restaurants and at least two clothing / department stores. I am
also discussing business opportunities with a bookstore at the request of an interested citizen. I
had the pleasure of assisting some area businessmen locate office and warehouse space.
I had opportunity to meet and develop relationships with Darcy Melendez with the Tulsa Metro
Chamber of Commerce. I joined the Oklahoma Economic Development Council (OEDC) and the
International Economic Development Council (IEDC) and look forward to gleaning much
information and other useful material from these agencies. I have training and continuing
education opportunities scheduled in August, September, October, and November of this year.
I have met the members of the City Council and am very impressed with the city government and
vision of the councilors and the staff. I am excited about the potential for growth in Owasso and
am dedicated to doing the work necessary to expedite that growth.
Respectfully,
Rickey Hayes
Director of Economic Development
City of Owasso