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Home My WebLink About2003.10.09_OEDA AgendaPUBLIC NOTICE OF THE MEETING OF THE OWASSO ECONOMIC DEVELOPMENT AUTHORITY TYPE OF MEETING DATE: TIME: PLACE: Regular October 9, 2003 10:00 a.m. Owasso City Hall Main Conference Room 111 North Main 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, October 6, 2003. Rickey Hayes, E4onot Development Director AGENDA 1. Call to Order & Roll Call 2 Ms. Lawrence Request Approval of Minutes of the September 11, 2003 Regular Meeting Ms. Lawrence Attachment #2 Request Approval of Claims Ms. Lawrence Attachment #3 OWASSO ECONOMIC DEVELOPMENT AUTHORITY October 9, 2003 PAGE 2 4. Presentation of Financial Report Ms. Bishop Attachment #4 5. Update from Economic Development Director Mr. Hayes Attachment # 5 6. Update on the City of Owasso Capital Improvements Project Election Mr. Ray 7. Discussion on Downtown Redevelopment Plan Implementation and Vision 2025 Funding Mr. Ray 8. Report from OEDA Manager Mr. Ray OWASSO ECONOMIC DEVELOPMENT AUTHORITY October 9, 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, September 11 , 2003 The Owasso Economic Development Authority met in regular session on Thursday, September 11, 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, September 8, 2003. ITEM 1: CALL TO ORDER & ROLL CALL Chairman Brenda Lawrence called the meeting to order at 10:05 a.m. PRESENT Brenda Lawrence, Chair Scott Yandell, Vice -Chair Dee Sokolosky, Trustee Mike Helm, Trustee Gary Akin, Trustee Frank Enzbrenner, Secretary ABSENT Tom Kimball, Trustee STAFF Rickey Hayes, Economic Development Director Rodney Ray, City Manager Julie Stevens, Administrative Assistant A quorum was declared present. ITEM 2: REQUEST APPROVAL OF MINUTES OF THE AUGUST 14, 2003 REGULAR MEETING. Mr. Helm moved, seconded by Mr. Yandell, to approve the minutes of the August 14, 2003 regular meeting, by reference made a part hereto. AYE: Akin, Lawrence, Enzbrenner, Yandell, Helm, Sokolosky NAY: None ABSTAIN: None Motion carried 6 -0. ITEM 3: REQUEST APPROVAL OF CLAIMS. No Claims AYE: None NAY: None ABSTAIN: None Owasso Economic Development Authority September 11, 2003 ITEM 4: PRESENTATION OF FINANCIAL REPORT. Mr. Hayes presented a brief financial report for August 2003 in Ms. Bishop's absence.. ITEM 5: UPDATE FROM ECONOMIC DEVELOPMENT DIRECTOR Mr. Hayes reported on economic development activities in the city, and a proposed Business Incubator site at the "Old Central" Annex. ITEM 6: PRESENTATION AND DISCUSSION OF THE CITY OF OWASSO CAPITAL IMPROVEMENTS PROJECT ELECTION Mr. Ray discussed the upcoming Capital Improvements Project Election scheduled for October 14th and OEDA members watched the presentation and discussed various items about the proj ects. ITEM 7: DOWNTOWN REDEVELOPMENT PLAN IMPLEMENTATION Mr. Ray gave a brief report on the Owasso Downtown Redevelopment Plan. Mr. Ray discussed how the Vision 2025 approval would benefit the downtown redevelopment plan. ITEM 8: REPORT FROM OEDA MANAGER No report. ITEM 9: NEW BUSINESS There was no new business. ITEM 10: GENERAL DISCUSSION RELATING TO PURPOSE, GOALS AND FOCUS OF THE CITY'S ECONOMIC DEVELOPMENT EFFORTS No discussion on this item. ITEM 11: ADJOURNMENT Mr. Yandell moved, seconded by Akin, to adjourn. AYE: Lawrence, Akin, Helm, Yandell, Enzbrenner, Sokolosky NAY: None Motion carried 6 -0, and the meeting was adjourned at 11:15 a.m. -2- Owasso Economic Development Authority Date Approved -3- September 11, 2003 Brenda Lawrence, Chairperson OEDA CLAIMS TO BE PAID 10/09/03 VENDOR DESCRIPTION AMOUNT TULSA METRO CHAMBER OF COMMERCE REGIONAL CONSORTIUM $6,250.00 Owasso Economic Development Authority Schedule of Revenues and Expenses For the Month Ending September 30, 2003 * *Note: For the purposes of this report, "Retained Earnings" includes only current assets and current liabilities Month -to -date Year -to -date Operating Revenues: Contributions $0.00 $0.00 Reimbursements 0.00 0.00 Interest 7.50 23.97 Total Operating Revenues 7.50 23.97 Operating Expenses: Materials & supplies 0.00 0.00 Services & other charges 0.00 0.00 Capital outlay 0.00 0.00 Total Operating Expenses 0.00 0.00 Operating Income (Loss) 7.50 23.97 Non - Operating Revenues (Expenses): Transfer from General Fund 0.00 0.00 Total Non - Operating Revenues (Expenses) 0.00 0.00 Net Income (Loss) 7.50 23.97 Retained Earnings ** 06/30/03 18,410.90 Retained Earnings ** 09/30/03 $18,434.87 * *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 SUBJECT: ECONOMIC DEVELOPMENT DIRECTOR'S REPORT DATE: October 2, 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. Several national chain restaurants are planning sites in our city. Road widening and intersection improvements at 96th Street North and 1291h E. Avenue are underway. Oklahoma National Bank is under construction. Arvest Bank and Waffle House recently opened on 76th street.. Construction will begin soon on Wal- Greens just north of the Home Depot site. Several retail outlets are under development in the same development with Wal- Greens. Meetings with a group desiring to bring a bowling alley to Owasso where held recently. There is renewed interest and building support for a major new medical development. The Vision 2025 passage will expedite this development. I am happy to announce that business incubator certification from the Oklahoma Department of Commerce is completed. We have already had several inquiries from possible incubator tenets. I believe that the incubator will be a very effective economic development tool for the City of Owasso. 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 15 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. We have made minor changes to the marketing tool cover design. 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 1600 "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 now available on the economic development web page. As always, if I can serve you in any way, please call. Your input and direction are always important to the success of our efforts.