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Home My WebLink About2003.07.10_OEDA AgendaPUBLIC NOTICE OF THE MEETING OF THE OWASSO ECONOMIC DEVELOPMENT AUTHORITY TYPE OF MEETING: Regular OEDA FILE DATE: July 10, 2003 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, July 7, 2003. Rickey Hay s, Ec is Development Director AGENDA 1. Call to Order & Roll Call Mr. Kimball 2. Request Approval of Minutes of the June 12, 2003 Regular Meeting Mr. Kimball Attachment #2 3. Request Approval of Claims Mr. Kimball Attachment #3 OWASSO ECONOMIC DEVELOPMENT AUTHORITY July 10, 2003 PAGE 2 4. Presentation of Financial Report Ms. Bishop Attachment 44 5. Consideration and Appropriate Action Rel Year o Election of Officers for the Owasso Economic Development Authority for Mr. Kimball Attachment # 5 6. Consideration and Appropriate Action Relating to OEDA Budget for FY 03 -04 Chair Attachment #6 7. Update from Economic Development Director Mr. Hayes Attachment #7 8. Downtown Redevelopment Plan Implementation Mr. Ray OWASSO ECONOMIC DEVELOPMENT AUTHORITY July 10, 2003 PAGE 3 9. Report from OEDA Manager Mr. Ray 10. New Business 11. General Discussion Relating to the Purpose, Goals, and Focus of the City's Economic Development Efforts. Mr. Ray 12. Adjournment OWASSO ECONOMIC DEVELOPMENT AUTHORITY MINUTES OF REGULAR MEETING Thursday, June 12, 2003 Je 12, The Owasso Economic Development Authority met in regular session on Public Tday, un and 2003 in the Main Conference Room l etin at Owasso City Hall per the board at 4:00 p.m. on Monday, June 9, 2003. Agenda posted on the City Hall bu ITEM 1: CALL TO ORDER & ROLL CALL Chairman Tom Kimball called the meeting to order at 10:08 a.m. PRESENT ABSENT Tom Kimball, Chair Frank Enzbrenner, Secretary Brenda Lawrence, Vice Chair Dee Sokolosky, Trustee Scott Yandell, Trustee Gary Akin, Trustee Michael Helm, Trustee STAFF Rickey Hayes, Economic Development Director Marcia Boutwell, City Clerk Rodney Ray, City Manager A quorum was declared present. ITEM 2: 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 ITEM 5: June 12, 2003 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: GENLKAL _ — 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 -2- Owasso Economic Development Authority Date Approved WIN N June 12, 2003 OEDA CLAIMS TO BE PAID 07110103 V ND R TULSA METRO CHAMBER OF COMMERCE REGIONAL CONSORTIUM $6,250.00 Owasso Economic Development Authority Schedule of Revenues and Expenses For the Month Ending June 30, 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 ** 06/30/03 Month -to -date Year -to -date $0.00 0.00 11.65 11.65 0.00 0.00 0.00 0.00 11.65 0.00 0.00 11.65 * *Note: For the purposes of this report, "Retained Earnings" includes only current assets and current liabilities $0.00 0.00 245.04 245.04 0.00 12,500.00 0.00 12,500.00 (12,254.96) 25,000.00 25,000.00 12,745.04 11, 915.86 $24,660.90 MEMORANDUM fU11 FROM: THE HONORABLE CHAIR & TRUSTEES OWASSO ECONOMIC DEVELOPMENT AUTHORITY RICKEY HAYES �'�' SUBJECT: Election of OEDA Officers for Fiscal Year 03 -04 DATE: July 3, 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: THE HONORABLE CHAIR & TRUSTEES OWASSO ECONOMIC DEVELOPMENT AUTHORITY FROM: RICKEY HAYES 1 �" 1 ECONOMIC DEVELOPMENT DIRECTOR SUBJECT: PROPOSED OEDA BUDGET Fiscal Year 2003 -2004 DATE: July 3, 2003 BACKGROUND: Pursuant to statutory provisions, an annual operating budget for the OEDA has been developed and transmitted for your review. On Monday, July 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 July 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 $0 OEDA 5 -year Expenditure Trend (OEDA 95 -710) FY 00 FY 01 FY 02 3000 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 OEDA 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* Other Services & Charges 95 -710 53001 Prof. & Tech. Services 53670 Dues & Fees *Total Other Services & Charges* Capital Outlay 95 -710 54400 Machinery *Total Capital Outlay* Total OEDA 19 - _ 19 - - 49,405 4,915 25,000 3,000 49,405 4,915 25,000 3,000 49,405 4,934 25,000 3,000 OEDA MEMORANDUM TO: OWASSO ECONOMIC DEVELOPMENT AUTHORITY BOARD OF TRUSTEES FROM: RICKEY HAYES - ��f SUBJECT: ECONOMIC DEVELOPMENT DIRECTOR'S REPORT DATE: July 7, 2003 I continue to work with several prospective new businesses. Owasso is attracting the attention of major retail and restaurant outlets. Construction and site work continues with Home Depot and development plans are underway in multiple locations around the City of Owasso. O'Charleys, Waffle House, International House of Pancakes, and Kentucky Fried Chicken are among those national chain restaurants that are planning sites in our city. National Steak and Poultry is expanding their facility and adding up to 50 new jobs. NSP has been an excellent corporate citizen and continues to enlarge it's product and customer base. I am continuing visits to area business owners and building relationships with the retail and industrial establishments doing business in Owasso. I have been in about 230 businesses in the past 12 months. As new development begins to take place in Owasso, relationships with existing business will be very valuable in being able to do retention and expansion projects with local retailers and industry. I attend Planning Commission and •poard of Adjustment meetings to represent the interest of local businesses. The "Quality of Life" packet is finished and the material is available in print and electronic media. The new marketing material highlights Owasso's parks, churches, schools, residential developments, city government and services and area attractions. The economic development section on the City of Owasso's web page (cityofowasso.com) has just gone through a major update and the new information has been added. The economic development page has a completely new look and has received over 800 "hits ". Retailers have communicated to staff that the web page is very user friendly and contains great and easily accessed information. Traffic count maps are available from the Economic Development Department at City Hall and will be available on the web shortly. A partnership with the Oklahoma Department of Transportation will give greater coverage and efficiency in our traffic count efforts. As always, if I can serve you in any way, please call.