HomeMy WebLinkAbout2003.06.12_OEDA AgendaPUBLIC NOTICE OF THE MEETING OF THE
OWASSO ECONOMIC DEVELOPMENT AUTHORITY
TYPE OF MEETING:
DATE:
TIME:
PLACE:
Regular
June 12, 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, June 9, 2003. /1
Rickey Hayes,
we]
1. Call to Order & Roll Call
Mr. Kimball
2. Request Approval of Minutes of the May 8, 2003 Regular Meeting
Mr. Kimball
Attachment #2
3. Request Approval of Claims
Mr. Kimball
Attachment #3
Director
OWASSO ECONOMIC DEVELOPMENT AUTHORITY
JUNE 12, 2003
PAGE 2
4. Presentation of Financial Report and Discussion of Proposed OEDA Budget for FY03 -04
Ms. Bishop
Attachment #4
5. Discussion Relating to Election of Officers for the Owasso Economic Development
Authority for Fiscal Year 2003 -2004
Mr. Kimball
Attachment # 5
6. Update from Economic Development Director
Mr. Hayes
Attachment #6
7. Downtown Redevelopment Plan Implementation .
Mr. Ray n jr % t,tn
5tM AMA � �4� r
f 3 /
8. Report from OEDA Manager
Mr. Ray
15 ,
OWASSO ECONOMIC DEVELOPMENT AUTHORITY
JUNE 12, 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, May 8, 2003
The Owasso Economic Development Authority met in regular session on Thursday, May 8, 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, May 5, 2003.
ITEM 1: CALL TO ORDER & ROLL CALL
Chairman Tom Kimball called the meeting to order at 10:00 a.m.
PRESENT ABSENT
Tom Kimball, Chair
Brenda Lawrence, Vice Chair
Frank Enzbrenner, Secretary (in at 10:05)
Dee Sokolosky, Trustee
Scott Yandell, Trustee
Gary Akin, Trustee
Michael Helm, Trustee
STAFF
Rickey Hayes, Economic Development Director
Marcia Boutwell, City Clerk
A quorum was declared present.
ITEM 2: REQUEST APPROVAL OF MINUTES OF THE APRIL 10, 2003 REGULAR
MEETING.
Mr. Akin moved, seconded by Ms. Lawrence, to approve the minutes of the April 10, 2003
regular meeting, by reference made a part hereto.
AYE: Akin, Lawrence, Yandell, Sokolosky, Helm, Kimball
NAY: None
Motion carried 6 -0.
ITEM 3: REQUEST APPROVAL OF CLAIMS.
No claims were presented.
ITEM 4: PRESENTATION OF FINANCIAL REPORT.
Ms. Bishop said that there is no change in the financial report. She also reported that the latest
tax check is better than expected
Owasso Economic Development Authority May 5, 2003
ITEM 5: CONSIDERATION AND APPROPRIATE ACTION RELATING TO OEDA
MEMBERSHIP STATUS IN THE TULSA METRO CHAMBER OF COMMERCE
AREA DEVELOPMENT CONSORTIUM.
There was discussion relating to the OEDA membership in the Tulsa Metro Chamber of
Commerce Area Development Consortium. This item had been discussed at a previous meeting
of the OEDA and was listed on this agenda so that action could be taken. The OEDA agreed to a
one -year membership and half of the membership fee has been paid. Mr. Akin moved, seconded
by Mr. Yandell, to pay the second half of the membership fee, and to give written notice to the
consortium that the OEDA will not be continuing its membership at the end of the final six -
month period.
AYE: Akin, Yandell, Lawrence, Enzbrenner, Sokolosky, Helm, Kimball
NAY: None
Motion carried 7 -0.
ITEM 6: UPDATE FROM ECONOMIC DEVELOPMENT DIRECTOR.
Mr. Hayes introduced Community Development Director Eric Wiles discussed building activity,
as well as future activity. Mr. Carr gave a project status report. Mr. Hayes reported that there
are currently several retail opportunities. He said that traffic count date continues to be
collected. Marketing packets were discussed. Mr. Hayes said that he has had requests from
realtors for marketing packets to be given to potential clients. He asked if the packets should
continue to be given at no cost. After discussion, the consensus was that at least $1.00 should be
charged for a packet. Aerial photos were discussed, and suggestions were made of several
companies that offer that service.
ITEM 7: DOWNTOWN REDEVELOPMENT PLAN IMPLEMENTATION.
Mr. Hayes announced that there would be a town hall meeting on May 8th to discuss the
proposed Main Street stripping plan.
ITEM 8: REPORT FROM OEDA MANAGER
No report.
ITEM 9: NEW BUSINESS.
None.
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Owasso Economic Development Authority
May 5, 2003
ITEM 10: GENERAL DISCUSSION RELATING TO THE PURPOSE, GOALS, AND FOCUS
OF THE CITY'S ECONOMIC DEVELOPMENT EFFORTS.
Mr. Hayes request comments and feedback from the OEDA on his first year as Economic
Development Director.
ITEM 11: ADJOURNMENT
Ms. Lawrence moved, seconded by Mr. Enzbrenner, to adjourn.
AYE: Lawrence, Enzbrenner, Helm, Akin, Yandell, Sokolosky, Kimball
NAY: None
Motion carried 7 -0, and the meeting was adjourned at 10:55 p.m.
Date Approved
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Tom Kimball, Chairperson
MEMORANDUM
TO: THE HONORABLE CHAIR & TRUSTEES
OWASSO ECONOMIC DEVELOPMENT AUTHORITY
FROM: RICKEY HAYES
SUBJECT: OEDA Claims for May 2003
DATE: 06/09/03
There were no claims for May 2003
Owasso Economic Development Authority
Schedule of Revenues and Expenses
For the Month Ending May 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 ** 05/31/03
Month -to -date Year -to -date
$0.00
0.00
14.03
14.03
0.00
0.00
0.00
0.00
14.03
0.00
0.00
14.03
* *Note: For the purposes of this report, "Retained Earnings" includes only
current assets and current liabilities
$0.00
0.00
233.39
233.39
0.00
12,500.00
0.00
12,500.00
(12,266.61)
25,000.00
25,000.00
12,733.39
11,915.86
$24,649.25
MEMORANDUM
TO: THE HONORABLE CHAIR & TRUSTEES
OWASSO ECONOMIC DEVELOPMENT AUTHORITY
FROM: RICKEY HAYES
RCONOMIC DEVELOPMENT DIRECTOR
SUBJECT: PROPOSED OEDA BUDGET
Fiscal Year 2003 -2004
DATE: June 12, 2003
BACKGROUND:
Pursuant to statutory provisions, an annual operating budget for the OEDA has been developed
and transmitted for your review. On Monday, June 9,2003 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 June 1, 2003 was $12,150
REVENUE
95- 000 -46100 Interest income $ 200
TOTAL REVENUE $ 200
PROPOSED EXPENDITURES
Personal Services
$ 0
Materials and Supplies
$ 0
Other Services
$ 3,000
Capital Outlay
$ 0
TOTAL EXPENDITURES
$ 3,000
PROPOSED NET
($2,800)
PROJECTED ENDING FUND BALANCE (JUNE 30, 2004)
$9,350
RECOMMENDATION:
Staff recommends Trustee approval of proposed OEDA budget for fiscal year 2003 -2004
Owasso Economic Development Authority
Proposed Budget
FY 2003 -2004
BEGINNING FUND BALANCE (7 -1 -2003) $ 12,150
PROPOSED REVENUE
95- 000 -46100 Interest 200
TOTAL REVENUE 200
PROPOSED EXPENDITURES
Personal Services 0
Materials & Supplies 0
Other Services 3,000
Capital Outlay 0
TOTAL EXPENDITURES 3,000
PROPOSED NET (2,800)
PROJECTED ENDING FUND BALANCE (6 -30 -2004) $ 9,350
Owasso Economic Development Authority
Fiscal Year 2003 -2004
Annual Budget
$50,000
$45,000
$40,000
$35,000
$30,000
$25,000
$20,000
$15,000
$10,000
$5,000
Eff
OEDA 5 -year Expenditure Trend
(OEDA 95 -710)
FY 00 FY 01 FY 02 FY 03 FY 04
Expenditure Category
Actual
1999 -2000
Actual
2000 -2001
Actual
2001 -2002
Projected
Actual
2002 -2003
Proposed
2002 -2003
Personal Services
-
-
-
-
-
Materials & Supplies
-
-
19
-
-
Other Services & Charges
13,298
49,405
4,915
25,000
3,000
Capital Outlay
-
-
-
-
-
Total 13,298 49,405 4,934 25,000 3,000
191491.01
Owasso Economic Development Authority
Fiscal Year 2003 -2004
Annual Budget
Projected
Actual Actual Actual Proposed
Line Item Description 2000 -2001 2001 -2002 2002 -2003 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 49,405 4,915 25,000 3,000
53670 Dues & Fees
*Total Other Services & Charges` 49,405 4,915 25,000 3,000
Capital Outlay
95 -710 54400 Machinery
'Total Capital Outlay*
Total OEDA 49,405 4,934 25,000 3,000
OEDA
MEMORANDUM
TO: THE HONORABLE CHAIR & TRUSTEES
OWASSO ECONOMIC DEVELOPMENT AUTHORITY
FROM: RICKEY HAYES It---
SUBJECT: Election of OEDA Officers for Fiscal Year 03 -04
DATE: June 9, 2003
BACKGROUND:
Pursuant to OEDA bylaws, officers for the Owasso Economic Development Authority are
selected annually. Members select a Chairman, Vice - Chair, and Secretary to serve the OEDA for
the fiscal year and to provide leadership, planning, and implementation of projects for the coming
year that will directly benefit the economic well being of the community. The Chairman will be
elected at the first regular meeting in July of each year by the members and will assume the chair
immediately after his election and will oversee the election of the Vice -Chair and Secretary.
MEMORANDUM
TO: OWASSO ECONOMIC DEVELOPMENT AUTHORITY BOARD OF
TRUSTEES
FROM: RICKEY HAYES
SUBJECT: ECONOMIC DEVELOPMENT DIRECTOR'S REPORT
DATE: June 9, 2003
We are still very busy with several potentially huge retail opportunities, which are very timely
with the recent downturn in tax revenue. Home Depot started construction with preliminary site
preparation work the first week in June. The Home Depot deal was very important to the City of
Owasso and all our future development. Hunt Properties is working with several national chain
retailers for a proposed retail development on the west side of US 169 and report to me that
interest in Owasso is tremendous. This development is over 500,000 square feet and would
include up to nine additional pad sites along with the project.
Also discussions continue about a full service hospital in the area and continue to develop
between Symphony Healthcare, from Memphis, and local representatives. I will provide
information as this project develops.
The Economic Development page on the City of Owasso's web site is being updated again. The
material from the "Quality of Life" brochure will be added and the main web page is being
changed again in order to stay on the cutting edge in appearance, efficiency, and technology.
As always, if I can serve you in any way, please call.
OWASSO ECONOMIC DEVELOPMENT AUTHORITY
MINUTES OF REGULAR MEETING
Thursday, June 12, 2003
The Owasso Economic Development Authority met in regular session on Thursday, June 12,
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, June 9, 2003.
ITEM 1: CALL TO ORDER & ROLL CALL
Chairman Tom Kimball called the meeting to order at 10:08 a.m.
PRESENT
Tom Kimball, Chair
Brenda Lawrence, Vice Chair
Scott Yandell, Trustee
Gary Akin, Trustee
Michael Helm, Trustee
ABSENT
Frank Enzbrenner, Secretary
Dee Sokolosky, Trustee
STAFF
Rickey Hayes, Economic Development Director
Marcia Boutwell, City Clerk
Rodney Ray, City Manager
A quorum was declared present.
ITEM 2: REQUEST APPROVAL OF MINUTES OF THE MAY 8 2003 REGULAR
MEETING.
Mr. Akin moved, seconded by Mr. Yandell, to approve the minutes of the May 8, 2003 regular
meeting, by reference made a part hereto.
AYE: Akin, Lawrence, 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 said that there is no change in the financial report. She also reported that the latest
tax check is better than expected. Ms. Bishop discussed OEDA proposed budget for FY 03 =04,
and advised that the FY 03 -04 budget will be voted on in the July meeting.
Owasso Economic Development Authority
June 12, 2003
ITEM 5: DISCUSSION RELATING TO ELECTION OF OFFICERS FOR THE OWASSO
ECONOMIC DEVELOPMENT AUTHORITY FOR FISCAL YEAR 2003 -2004
Chairman Kimball discussed the election of officers for the OEDA for fiscal year 03 -04. Officers
will be elected at the regularly scheduled July OEDA meeting.
ITEM 6: UPDATE FROM ECONOMIC DEVELOPMENT DIRECTOR.
Mr. Hayes introduced Community Development Director Eric Wiles discussed building activity,
as well as future activity. Due to the absence of Public Works Director Robert Carr, Mr. Hayes
gave a project status report. Mr. Hayes reported that there are currently several retail
opportunities. Mr. Hayes discussed Home Depot progress and allowed OEDA trustees to view
site plans for up- coming retail developments.
ITEM 7: DOWNTOWN REDEVELOPMENT PLAN IMPLEMENTATION.
Mr. Ray gave a brief report on the Owasso Downtown Redevelopment Plan.
ITEM 8: REPORT FROM OEDA MANAGER
No report.
ITEM 9: NEW BUSINESS.
None.
ITEM 10: GENERAL DISCUSSION RELATING TO THE PURPOSE, GOALS, AND FOCUS
OF THE CITY'S ECONOMIC DEVELOPMENT EFFORTS.
Mr. Ray led a brief discussion of OEDA activities and noted two regional plans to put together
an incentive package for American Airlines and Boeing.
ITEM 11: ADJOURNMENT
Ms. Lawrence moved, seconded by Mr. Helm, to adjourn.
AYE: Lawrence, Helm, Akin, Yandell, Kimball
NAY: None
Motion carried 5 -0, and the meeting was adjourned at 11:21 p.m.
Tom Kimball, Chairperson
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Owasso Economic Development Authority
Date Approved
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June 12, 2003