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Home My WebLink About2003.08.14_OEDA AgendaPUBLIC NOTICE OF THE MEETING OF THE OWASSO ECONOMIC DEVELOPMENT AUTHORITY TYPE OF MEETING: DATE: TIME: PLACE: Regular August 14, 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, August 11, 2003. /1—) Rickey AGENDA 1. Call to Order & Roll Call Ms. Lawrence Development Director 2. Request Approval of Minutes of the July 10, 2003 Regular Meeting Ms. Lawrence Attachment #2 3. Request Approval of Claims Ms. Lawrence Attachment #3 OWASSO ECONOMIC DEVELOPMENT AUTHORITY August 14, 2003 PAGE 2 4. Presentation of Financial Report Ms. Bishop Attachment #4 5. Update from Economic Development Director Mr. Hayes Attachment # 5 6. Downtown Redevelopment Plan Implementation Mr. Ray 7. Report from OEDA Manager Mr. Ray S. New Business OWASSO ECONOMIC DEVELOPMENT AUTHORITY August 14, 2003 PAGE 3 9. General Discussion Relating to the Purpose, Goals, and Focus of the City's Economic Development Efforts. Mr. Ray 10. Adjournment OWASSO ECONOMIC DEVELOPMENT AUTHORITY MINUTES OF REGULAR MEETING Thursday, July 10, 2003 The Owasso Economic Development Authority met in regular session on Thursday, July 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, July 7, 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 ABSENT Frank Enzbrenner, Secretary Dee Sokolosky, Trustee Mike Helm, Trustee STAFF Rickey Hayes, Economic Development Director Sherry Bishop, Finance Director and City Clerk Rodney Ray, City Manager Eric Wiles, Director of Community Development A quorum was declared present. ITEM 2: REQUEST APPROVAL OF MINUTES OF THE JUNE 12th 2003 REGULAR MEETING. Mr. Yandell moved, seconded by Mr. Akin, to approve the minutes of the May 8, 2003 regular meeting, by reference made a part hereto. AYE: Akin, Lawrence, Yandell, Kimball NAY: None Motion carried 4 -0. ITEM 3: REQUEST APPROVAL OF CLAIMS. A claim from Tulsa Metro Chamber of Commerce Area Development Program was presented. Mr. Yandell moved, seconded by Ms. Lawrence, to approve payment of the claim in the amount of $6,250.00, by reference made a part hereto. AYE: Akin, Lawrence, Yandell, Kimball NAY: None Owasso Economic Development Authority June 12, 2003 ITEM 4: PRESENTATION OF FINANCIAL REPORT. Ms. Bishop presented a brief financial report. She also reported that the latest tax check is better than expected. Ms. Bishop discussed OEDA proposed budget for FY 03 -04. ITEM 5: CONSIDERATION AND APPROPRIATE ACTION 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. By bylaws, officers will be elected at the regularly scheduled July OEDA meeting. Mr. Yandell nominated Brenda Lawrence for Chairman, seconded by Mr. Akin. The Motion carried 4 -0. Mr. Akin nominated Scott Yandell for vice - chairman, seconded by Mr. Kimball. Motion carried 4 -0. Mr. Kimball nominated Frank Enzbrenner for Secretary, seconded by Mr. Akin. Motion carried 4 -0. AYE: Akin, Lawrence, Yandell, Kimball NAY: None ITEM 6: CONSIDERATION AND APPROPRIATE ACTION RELATING TO OEDA BUDGET FOR FISCAL YEAR 03 -04 Ms. Bishop gave a brief overview of the proposed OEDA budget for FY 03 -04 and discussed Statutory requirements for public trusts to have a budget on file. Mr. Kimball moved to approve OEDA budget as presented, seconded by Mr. Akin. Motion carried 4 -0. AYE: Akin, Lawrence, Yandell, Kimball NAY: None ITEM 7: 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. Wiles gave a project status report. Mr. Hayes reported on economic development activities in the city.. ITEM 8: DOWNTOWN REDEVELOPMENT PLAN IMPLEMENTATION Mr. Ray gave a brief report on the Owasso Downtown Redevelopment Plan. -2- Owasso Economic Development Authority June 12, 2003 ITEM 9: REPORT FROM OEDA MANAGER No report. ITEM 10: 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. Mr. Ray discussed Vision 2025 package and upcoming Capital Improvements package for the City of Owasso. A brief discussion followed. ITEM 11: ADJOURNMENT Mr. Akin moved, seconded by Mr. Yandell, to adjourn. AYE: Lawrence, Akin, Yandell, Kimball NAY: None Motion carried 4 -0, and the meeting was adjourned at 11:40 a.m. Date Approved -3- Brenda Lawrence, Chairperson MEMORANDUM TO: THE HONORABLE CHAIR & TRUSTEES OWASSO ECONOMIC DEVELOPMENT AUTHORITY I FROM: RICKEY HAYES 1�,� c�'LJ SUBJECT: OEDA Claims for July 2003 DATE: 08/11/03 Payment was made to the Tulsa Metro Chamber of Commerce Area Development Partnership for $6250.00 on July 10, 2003 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 $0.00 0.00 11.65 11.65 0.00 6,250.00 0.00 6,250.00 (6,238.35) 0.00 0.00 (6,238.35) "Note: For the purposes of this report, "Retained Earnings" includes only current assets and current liabilities Year -to -date $0.00 0.00 245.04 245.04 0.00 18,750.00 0.00 18,750.00 (18,504.96) 25,000.00 25,000.00 6,495.04 11,915.86 $18,410.90 Owasso Economic Development Authority Schedule of Revenues and Expenses For the Month Ending July 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 ** 06/30/03 Retained Earnings ** 07/31/03 Month -to -date Year -to -date $0.00 $0.00 0.00 0.00 8.73 8.73 8.73 8.73 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 8.73 8.73 0.00 0.00 0.00 0.00 8.73 8.73 "Note: For the purposes of this report, 'Retained Earnings" includes only current assets and current liabilities 18,410.90 $18,419.63 MEMORANDUM TO: OWASSO ECONOMIC DEVELOPMENT AUTHORITY BOARD OF TRUSTEES FROM: RICKEY HAYES SUBJECT: ECONOMIC DEVELOPMENT DIRECTOR'S REPORT DATE: August 11, 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. Road widening at 96th Street North and 129th E. Avenue is set to begin as soon as right -of -way acquisition is completed. 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 240 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 Board 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 1000 "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.