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HomeMy WebLinkAbout2003.04.10_OEDA AgendaPUBLIC NOTICE OF THE MEETING OF THE OWASSO ECONOMIC DEVELOPMENT AUTHORITY TYPE OF MEETING: DATE: TIME: PLACE: Regular April l 0th,2003 10:00 a.m. Owasso City Hall Main Conference Room 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, April 7th, 2003. Rickey Hayes, Economi evelopment Director AGENDA 1. Call to Order & Roll Call Mr. Kimball 2. Request Approval of Minutes of the February 13, 2003 Regular Meeting Mr. Kimball Attachment #2 3. Request Approval of Claims Mr. Kimball Attachment #3 OWASSO ECONOMIC DEVELOPMENT AUTHORITY April 10th, 2003 PAGE 2 4. Presentation of Financial Report Ms. Bishop Attachment #4 5. Presentation by Mr. Thomas Loy, Chairman and CEO of MetaFund Corporation 6. Update from Economic Development Director Mr. Hayes Attachment #6 7. Downtown Redevelopment Plan Implementation Mr. Ray 8. Report from OEDA Manager Mr. Ray OWASSO ECONOMIC DEVELOPMENT AUTHORITY April 10th, 2003 PAGE 3 9. New Business 10. General Discussion Relating to the Purpose, Goals, and Focus of the City's Economic Development Efforts. Mr. Ray OWASSO ECONOMIC DEVELOPMENT AUTHORITY MINUTES OF REGULAR MEETING Thursday, February 13, 2003 The Owasso Economic Development Authority met in regular session on Thursday, February 13, 2003 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 10, 2003. ITEM 1: CALL TO ORDER & ROLL CALL Chairman Tom Kimball called the meeting to order at 10:02 a.m. PRESENT Tom Kimball, Chair Frank Enzbrenner, Secretary Scott Yandell, Trustee Gary Akin, Trustee Michael Helm, Trustee ABSENT Brenda Lawrence, Vice Chair Dee Sokolosky, Trustee STAFF Rickey Hayes, Economic Development Director Rodney Ray, City Manager Marcia Boutwell, City Clerk A quorum was declared present. ITEM 2: REQUEST APPROVAL OF MINUTES OF THE JANUARY 9, 2003 REGULAR MEETING. Mr. Akin moved, seconded by Mr. Enzbrenner, to approve the minutes of the January 9, 2003 regular meeting, by reference made a part hereto. AYE: Akin, Enzbrenner, Yandell, Helm, Kimball NAY: None Motion carried 5 -0. ITEM 3: REQUEST APPROVAL OF CLAIMS. No claims were presented. ITEM 4: PRESENTATION OF FINANCIAL REPORT. Ms. Bishop was not present. The financial report was included in the agenda packet. There was nothing to add, and there were no questions or comments. Owasso Economic Development Authority February 13, 2003 ITEM 5: UPDATE FROM ECONOMIC DEVELOPMENT DIRECTOR. Mr. Hayes discussed traffic count data, the Economic Development page on the City's web site, and potential businesses, including a plastics manufacturing firm. He then introduced Community Development Director Eric Wiles, who provided a development update. Public Works Director Robert Carr distributed and discussed the project status report. ITEM 6: DOWNTOWN REDEVELOPMENT PLAN IMPLEMENTATION. Mr. Ray reported that Code Red Underground Utilities has been working on preliminary costs to place the utilities along Main St. underground. Most of the utility companies involved have agreed to supply materials, but not labor. Cox Cable has agreed to participate in labor. The staff will continue working on this project. ITEM 7: CONSIDERATION AND APPROPRIATE ACTION ON A RESOLUTION CONCERNING THE MAIN STREET STRIPING PROJECT. Mr. Ray said that in November of 1999, public meetings were held for the purpose of gaining citizen input into potential projects related to the enhancement of Main St. Several proposals were discussed, with the consensus that the general public was not in favor of reducing the number of lanes and placing raised medians on Main St. because of the limitations of left turns, reduction of speed and possible traffic congestion. One of the main problems was that the placing of raised medians would make it difficult to enter some businesses, residential areas and driveways. The decision was made to abandon the boulevard concept and overlay the existing Main St. roadway from E. 76th St. N. to E. 86th St. N. That was done in 2002. The staff recently developed a striping concept that could improve left turn movements, widen the driving lanes, and enhance the safety of using this north -south route. The proposal would create a center turn lane for left hand turn movements, reduce the number of driving lanes from four to two, and maintain the ease of access to the various neighborhoods. Staff intends to present this plan to the City Council for their review, comment, and action. Because of the involvement of the OEDA in the initiation, funding and development of the Downtown Redevelopment Plan, the staff believes it appropriate to request the OEDA's review and endorsement of the proposed project. OEDA Resolution #2003 -01 supports the Main Street Striping Plan as submitted by the City of Owasso Public Works Department. Mr. Enzbrenner moved, seconded by Mr. Yandell, to approve OEDA Resolution #2003 -01, showing support for the striping plan. AYE: Enzbrenner, Yandell, Akin, Helm, Kimball NAY: None Motion carried 5 -0. -2- Owasso Economic Development Authority ITEM 8: REPORT FROM OEDA MANAGER February 13, 2003 Mr. Ray discussed briefly the Regional Economic Development Consortium. There was discussion relating to the type and amount of support the City of Owasso is receiving from the consortium. Staff will continue to monitor the situation. Mr. Enzbrenner out at 11:27 p.m. ITEM 9: NEW BUSINESS. None. ITEM 10: GENERAL DISCUSSION RELATING TO THE PURPOSE, GOALS, AND FOCUS OF THE CITY'S ECONOMIC DEVELOPMENT EFFORTS. There was no discussion at this time. ITEM 11: ADJOURNMENT Mr. Helm moved, seconded by Chairman Kimball, to adjourn. AYE: Helm, Kimball, Akin, Yandell NAY: None Motion carried 4 -0, and the meeting was adjourned at 11:35 p.m. Date Approved -3- Tom Kimball, Chairperson MEMORANDUM TO: THE HONORABLE CHAIR & TRUSTEES OWASSO ECONOMIC DEVELOPMENT AUTHORITY FROM: RICKEY HAYES SUBJECT: OEDA Claims for February and March 2003 DATE: 04/0703 There were no claims for February or March 2003. Owasso Economic Development Authority Schedule of Revenues and Expenses For the Month Ending March 31, 2003 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 ** 03/31/03 Month -to -date Year -to -date $0.00 0.00 17.69 17.69 0.00 0.00 0.00 0.00 17.69 0.00 0.00 17.69 "Note: For the purposes of this report, "Retained Earnings" includes only current assets, and current liabilities $0.00 0.00 202.19 202.19 0.00 12, 500.00 0.00 12,500.00 (12,297.81) 25,000.00 25,000.00 12, 702.19 11,915.86 $24,618.05 MEMORANDUM TO: OWASSO ECONOMIC DEVELOPMENT AUTHORITY BOARD OF TRUSTEES FROM: RICKEY HAYES SUBJECT: ECONOMIC DEVELOPMENT DIRECTOR'S REPORT DATE: April 10, 2003 We are very busy with several potentially hugh retail opportunities, which are very timely with the recent downturn in tax revenue. Home Depot desires to begin construction the first week in June. The Home Depot deal was very important to the City of Owasso and all our future development. Two large retail developers from Texas are interested in doing retail development in the City of Owasso. Hunt Properties has been in town two times in the past two weeks and the Buxton Company came for a visit this week. Both companies are retail giants in Texas and both are excited about the funnel effect and the City of Owasso's potential customer base for their retail clients. Several other retail representatives from Dallas, Chicago, and Colorado have also contacted us about Owasso. Also discussions have begun again about a full service hospital in the area and continue to develop between Symphony Healthcare, from Memphis, and local representatives. Traffic count data continues to be collected on various intersections around town. These numbers are very important in attracting retail clients. The numbers are astounding and will be used to provide the most current information available to prospective clients, developers, and other interested parties. A map showing traffic counts was a goal for the first quarter of 2003, and has been completed. Construction on the 76th Street project is near completion and 86th Street projects is moving forward at a good pace. We are still talking to Pechiney Plastics at this time. The project will probably end up at the Port of Catoosa, but Owasso is still on the list of potential sites. The Cherokee site has been eliminated. I have been sending out marketing packets at a very fast pace, and get several requests for the material each week. We are nearing completion on a preliminary "quality of life" section that will enhance the marketing tool. An "industrial" marketing tool was developed for the Pechiney presentation. The marketing tool is very versatile and is easily adaptable for customizing for individual customers The Economic Development page on the City of Owasso's web site has been updated and will be accessed not only by citizens of Owasso but also potential customers. The web page has a brand new look and all the data from the marketing tool is included. The web page had not been updated in a couple of years, and all the information was outdated and not relevant to anyone seeking information about the City of Owasso. The web site, which has just been up for a couple of weeks, has nearly 500 hits at this time and is averaging nearly 10 hits a day. I recently heard from representatives from a national drug chain that wants to locate in Owasso that the web site was so comprehensive and the material so thorough that only a couple of specific questions about speed limits and local zoning had to be asked. The representative stated that ours was the best web site they had ever seen. I believe the world wide web is a sea of opportunity for the economic development of the City of Owasso. The training I just completed indicated that web page development was one of the keys to marketing our assets in Owasso to the rest of the world. I have participated in three Town Hall meetings since January. Topics covered include Community Development, Emergency Services, and Parks and Recreation. The last meeting in the series will be held April 24, at 6:30 P.M. in the lobby of City Hall. The final Town Hall meeting in the series will be an open forum for the citizens of Owasso to discuss any topic of interest or concern. As always, if I can serve you in any way, please call.