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HomeMy WebLinkAbout2003.05.08_OEDA AgendaPUBLIC NOTICE OF THE MEETING OF THE OWASSO ECONOMIC DEVELOPMENT AUTHORITY TYPE OF MEETING: DATE: TIME: PLACE: Regular May 8, 2003 10:00 a.m. 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, May 5, 2003. Rickey Hayes, AGENDA 1. Call to Order & Roll Call Mr. Kimball 2. Request Approval of Minutes of the April 10, 2003 Regular Meeting Mr. Kimball Attachment #2 3. Request Approval of Claims Mr. Kimball Attachment #3 Director OWASSO ECONOMIC DEVELOPMENT AUTHORITY MAY 8, 2003 PAGE 2 4. Presentation of Financial Report Ms. Bishop Attachment #4 5. Consideration and Appropriate Action Relating to OEDA Membership Status in the Tulsa Metro Chamber of Commerce Area Development Consortium Mr. Ray 6. Update from Economic Development Director Mr. Hayes Attachment #6 7. Downtown Redevelopment Plan Implementation Mr. Ray Report from OEDA Manager Mr. Ray OWASSO ECONOMIC DEVELOPMENT AUTHORITY MAY 8, 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 11. Adjournment OWASSO ECONOMIC DEVELOPMENT AUTHORITY MINUTES OF REGULAR MEETING Thursday, April 10, 2003 The Owasso Economic Development Authority met in regular session on Thursday, April 10, 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, April 7, 2003. ITEM 1: CALL TO ORDER & ROLL CALL Vice Chair Brenda Lawrence called the meeting to order at 10:04 a.m. PRESENT ABSENT Tom Kimball, Chair (in at 10:06) Brenda Lawrence, Vice Chair Frank Enzbrenner, Secretary Dee Sokolosky, Trustee Scott Yandell, Trustee Gary Akin, Trustee Michael Helm, 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 FEBRUARY 13, 2003 REGULAR MEETING. Mr. Enzbrenner moved, seconded by Mr. Yandell, to approve the minutes of the February 13, 2003 regular meeting, by reference made a part hereto. AYE: Enzbrenner, Yandell, Akin, Helm, Lawrence NAY: None Motion carried 5 -0. (Mr. Sokolosky was not present at the February 13`h meeting and did not vote on these minutes.) 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 April 10, 2003 ITEM 5: PRESENTATION BY MR. THOMAS LOY, CHAIRMAN AND CEO OF METRFUND CORPORATION. Mr. Thomas made a presentation to the OEDA regarding MetaFund Corporation and the economic development type work that they do. MetaFund is a not for profit 501(c)(3) certified community development financial institution. ITEM 6: UPDATE FROM ECONOMIC DEVELOPMENT DIRECTOR. Mr. Hayes introduced Public Works Director Robert Carr, who gave a status report on current projects. Community Development Director Eric Wiles discussed building activity, as well as future activity. He reported that Home Depot has applied for rezoning and a site plan review. Mr. Hayes discussed traffic count data, the Economic Development page on the City's web site, and potential businesses. He said that there is a big demand for the marketing packet. This versatile tool is very easily customized for individual customers. ITEM 7: DOWNTOWN REDEVELOPMENT PLAN IMPLEMENTATION. Mr. Ray reported that many of the commercial owners along Main Street have been shown the proposed striping plan, and to this point there have been no objections. A meeting is being planned to further discuss the plan and respond to questions and concerns. It will be specifically targeted toward businesses and residents on either side of Main St. from E. 76th St. N. to E. 86th St. N. Mr. Ray said that this project is high on the Capital Improvements list. He also reported that the Central Baptist Church building is back on the market, and the City is taking a serious look at making an offer on the property. ITEM 8: REPORT FROM OEDA MANAGER Mr. Ray discussed the Regional Economic Development Consortium. This item had been discussed at some length at the last meeting of the OEDA. Most of the entities that had originally become members of the Consortium have given their notice that they are pulling out of the group. The OEDA has paid half of its commitment fee. It is staff's belief that payment should be made for the remainder, and then notice of intent of the OEDA to pull out should be given. There will need to be an action item on the May 8th agenda regarding this. Mr. Ray also reported to the Trustees that a joint meeting of the Owasso City Council and Collinsville City Commission had been held, with Commissioner Wilbert Collins present, to discuss items of mutual interest to both communities. ITEM 9: NEW BUSINESS. None. -2- Owasso Economic Development Authority April 10, 2003 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. Kimball moved, seconded by Mr. Enzbrenner, to adjourn. AYE: Kimball, Enzbrenner, Helm, Akin, Yandell, Sokolosky, Lawrence NAY: None Motion carried 7 -0, and the meeting was adjourned at 11:40 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 April 2003 DATE: 05/08/03 There were no claims for April 2003. Owasso Economic Development Authority Schedule of Revenues and Expenses For the Month Ending April 30, 2003 Month -to -date Year -to -date Operating Revenues: Contributions $0.00 $0.00 Reimbursements 0.00 0.00 Interest 17.17 219.36 Total Operating Revenues 17.17 219.36 Operating Expenses: Materials & supplies 0.00 0.00 Services & other charges 0.00 12,500.00 Capital outlay 0.00 0.00 Total Operating Expenses 0.00 12,500.00 Operating Income (Loss) 17.17 (12,280.64) Non - Operating Revenues (Expenses): Transfer from General Fund 0.00 25,000.00 ' Total Non - Operating Revenues (Expenses) 0.00 25,000.00 Net Income (Loss) 17.17 12,719.36 Retained Earnings `* 06/30/02 11,915.86 Retained Earnings ** 04/30/03 $24,635.22 * *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 "—f— SUBJECT: ECONOMIC DEVELOPMENT DIRECTOR'S REPORT DATE: May 8, 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 are interested in doing retail development in the City of Owasso. Hunt Properties has been in town two times in the past two weeks. Several other retail representatives from Oklahoma City, 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 and 169 intersection project is complete and the 86th Street project is nearing completion. 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. The marketing tool is very versatile and is easily adaptable for customizing for individual customers. A city employee from Arkansas called last week and told me that a marketing firm in Arkansas told a recent gathering of economic developers there that the Owasso marketing packet was an excellent example of how to package pertinent information in a clear, concise, and attractive manner. 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 four Town Hall meetings since January. Topics covered include Community Development, Emergency Services, and Parks and Recreation. The last meeting in the series was held April 24, at 6:30 P.M. in the lobby of City Hall. And was an open forum for the citizens of Owasso to discuss any topic of interest or concern. Another Town Hall meeting will be held tonight, May 8, to give Owasso citizens a chance to give input on the downtown re- striping plan presented by Robert Carr, Director of Public Works. As always, if I can serve you in any way, please call.