HomeMy WebLinkAbout2007.09.20_OEDA Agenda_SpecialPUBLIC NOTICE OF THE MEETING OF THE
OWASSO ECONOMIC DEVELOPMENT AUTHORITY
TYPE OF MEETING:
Special OEDA FILE
DATE:
September 20, 2007
TIME:
10:00 a.m.
PLACE:
Owasso City Hall, Lower Level Conference Room
111 N. Main
Owasso, Oklahoma
A Special Meeting agenda has been filed in the office of the Cit C r d posted n the City
Hall bulletin board at 5:00pm on Monday, September 17, 2007.
Rickey Hayes, Economic D elopm t irector
AGENDA
1. Call to Order
Mr. Sokolosky, Chairman
2. Consideration and appropriate action relating to a request for Trustee approval of the
Consent Agenda. All matters listed under "Consent" are considered by the Trustees to be
routine and will be enacted by one motion. Any Trustee may, however, remove an item
from the Consent Agenda by request. A motion to adopt the Consent Agenda is non-
debatable.
A. Approval of minutes of the August 9, 2007 Regular Meeting.
Attachment # 2 -A
B. Approval of claims.
Attachment # 2 -B
C. Acceptance of the monthly financial report
Attachment # 2 -C
3. Report from Community Development Director
Mr. Wiles
Attachment #3
OEDA
September 20, 2007
Page 2
4. Report from the Public Works Director
Mr. Stevens
Attachment #4
5. Update from Economic Development Director.
Mr. Hayes
Attachment #5
6. Report from OEDA Manager
Mr. Ray
7. Report from OEDA Trustees
8. New Business (New Business is any item of business which could not have been foreseen
at the time of posting of the agenda.)
9. Adjournment.
OWASSO ECONOMIC DEVELOPMENT AUTHORITY
MINUTES OF REGULAR MEETING
Thursday, August 9, 2007
The Owasso Economic Development Authority met in regular session on Thursday, August 9,
2007 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 5:00 p.m. on Monday, August 6, 2007.
ITEM 1: CALL TO ORDER & ROLL CALL
Chairman Dee Sokolosky called the meeting to order at 10:00AM.
PRESENT
Dee Sokolosky, Chairman
David Charney, Vice Chairman (arrives at 10:09am)
Gary Akin, Secretary
Frank Enzbrenner, Trustee
Tom Kimball, Trustee
Steve Cataudella, Trustee
Bryan Spriggs, Trustee
A quorum was declared present.
ABSENT
none
STAFF
Rodney Ray, City Manager
Ana Stagg, Public Works
Eric Wiles, Community Development
Julie Lombardi, General Counsel
OTHERS
Rich Brierre, INCOG
Jerry Lasker, INCOG
Sherry Bishop, Finance Director
Rickey Hayes, Economic Development
Juliann Stevens, Recording Clerk
ITEM 2: CONSIDERATION AND APPROPRIATE ACTION REALTING TO A REQUEST
FOR TRUSTEE APPROVAL OF THE CONSENT AGENDA.
A. Approval of minutes of the July 19, 2007 Special Meeting
B. Approval of claims —no claims
C. Acceptance of the monthly financial report
Mr. Akin moved, seconded by Mr. Enzbrenner, to approve the consent agenda.
AYE: Akin, Cataudella, Enzbrenner, Sokolosky, Kimball, Spriggs
NAY: None
ABSTAIN: None
Motion carried 6 -0.
ITEM 3: UPDATE FROM ECONOMIC DEVELOPMENT DIRECTOR
Mr. Hayes reviewed the attached report and discussion was held regarding items
contained within the report. Discussion was held regarding a comparison of
Hotel/Motel tax rates with other cities.
Owasso Economic Development Authority
August 9, 2007
ITEM 4: REPORT FROM COMMUNITY DEVELOPMENT DIRECTOR
Mr. Wiles provided an update on the July building permit report and provided
information regarding items appearing before the Planning Commission in August
2007. No questions were asked of Mr. Wiles.
ITEM 5: REPORT FROM PUBLIC WORKS DIRECTOR
Ms. Stagg gave a project status report on various capital improvement projects and
other Public Works related items.
ITEM 6: BRIEFING AND UPDATE ON THE LOAN AGREEMENT AND PROMISSORY
NOTE BETWEEN THE OEDA AND VANGUARD CAR RENTAL, USA,
INCORPORATED.
Mr. Ray provided an update and discussion was held regarding the payback of the
loan between the OEDA and Vanguard.
ITEM 7: BRIEFING AND UPDATE ON THE HUNT DEVELOPMENT AGREEMENT FOR
PROPERTY LOCATED AT 12250 E.96 TI STREET NORTH.
Mr. Ray provided an update and discussion was held regarding the development of
the property located at 12250 E 96th Street North.
ITEM 8: DISCUSSION RELATING TO THE ARKANSAS RIVER DEVELOPMENT
PROPOSAL.
Due to time restraints, Item # 8 occurred immediately following Item # 2. Mr. Ray
introduced Rich Brierre and Jerry Lasker of INCOG. A PowerPoint presentation was
made by INCOG representatives regarding the Arkansas River Development
proposal, followed by questions and further discussion among Authority members.
Mr. Charney leaves the meeting at 11: IOam.
ITEM 9: REPORT FROM OEDA MANAGER
No Report.
ITEM 10: REPORT FROM OEDA TRUSTEES
No Report.
ITEM 11: NEW BUSINESS
None.
-2-
Owasso Economic Development Authority August 9, 2007
ITEM 12: ADJOURNMENT
Motion made by Mr. Kimball, seconded by Mr. Spriggs to adjourn.
At 12:05pm, the meeting was adjourned.
AYE: Enzbrenner, Kimball, Cataudella, Sokolosky, Spriggs, Akin
NAY: None
ABSTAIN: None
Motion carried 6 -0.
-3-
Juliann M. Stevens, Minute Clerk
CITY OF OWASSO
OWASSO ECONOMIC DEVELOPMENT AUTHORITY
CLAIMS TO BE PAID
VENDOR DESCRIPTION AMOUNT
NO CLAIMS FOR September 2007
Owasso Economic Development Authority
Statement of Revenues, Expenses and Changes in Fund Net Assets
For the Month Ending August 31, 2007
Operating Revenues
Operating Expenses:
Materials & supplies
Services & other charges
Capital outlay
Total Operating Expenses
Operating Income (Loss)
Non - Operating Revenues (Expenses):
Investment income
Promissory note revenue
RAN debt service & other costs
Total non - operating revenues (expenses)
Net income (loss) before contributions and
transfers
Transfer to general fund
Change in net assets
Total net assets - beginning
Total net assets - ending
MTD
YTD
Budget
$0.00
$0.00
$0.00
0.00
0.00
0.00
0.00
0.00
2,000.00
0.00
0.00
0.00
0.00
0.00
2,000.00
0.00
0.00
(2,000.00)
14.08
28.16
300.00
0.00
0.00
1,200,000.00
0.00
0.00
(1,201,447.00)
14.08
28.16
(1,147.00)
14.08
28.16
(3,147.00)
0.00
0.00
(26,898.00)
14.08
28.16
(30,045.00)
37,202.82
37,202.82
$37,230.98
$7,157.82
RESIDENTIAL BUILDING PERMITS (NEW CONSTRUCTION COUNTS)
Months 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
5
I$ + I'y g y
I INICE, I 7" A p ITkw�'`II' 'ull �Y '':�y � �yy�����
'^;9�,Y1 I:�, N �vk!. I, ::.n ,1,'. At�l �kl 'IW
Totals 133 162 208 293 333 401 362 377 406 524 479 520 518 336 219
Year to Date 91 121 122 218 250 266 270 274 293 402 293 356 368 270 219
420
y
315
_...,...._,......__,......---......--
y
a09
mVp
........ ............... .....................
C N
d
105
- ............... ,..._.._..... ...._.....- .,.._.,..._._..... .. ....... ........ ... ....... ..............- ..__..,_,
N
d
2 p
1993 1995 1997 1999 2001 2003 2005 2007
c 40,000,000
v 30,000,000 --------------------------
-- --a - - - - - - - - - - -
y c 20,000,000 --- ----- - -- - -- -----------------------------------------------------------
j 10,000,000 -----------------------------------
w 0
Z 1993 1995 1997 1999 2001 2003 2005 2007
c
54,000,000
0
y 40,500,000
C
0 27,000,000
U 13,500,000
a3i 0
Z 1993 1995 1997 1999 2001 2003 2005 2007
CITY OF OWASSO
RESIDENTIAL LOT INVENTORY STATUS
August 31, 2007
SUBDIVISION
# OF LOTS # DEVELOPED
# AVAILABLE
Barrington Point III (8/96)
32
30
2
Bradfords at Silver Creek (2/98)
83
82
1
Brentwood Village (6/99)
64
62
2
Broadmore Heights (10/92)
32
28
4
Camelot Estates (4/07)
139
15
124
Central Park II (7/97)
96
95
1
Coffee Creek (04/01)
101
100
1
Coffee Creek II (12/05)
79
45
34
Country Estates II (6/97)
193
191
2
Country Estates III (3/99)
61
58
3
Country Estates VI (11/03)
37
36
1
Double Oaks III (8/93)
63
62
1
Fairways at Bailey Ranch (8/95)
80
79
1
Fairways III Extended (6/99)
104
104
0
Fairways V (8/99)
71
53
18
Fairways VI (12/00)
42
39
3
Falls at Garrett Creek (12/05)
104
48
56
Honey Creek (4/02)
202
198
4
Lake Valley (02/06)
110
103
7
Lake Valley II (5/07)
118
59
59
Metro Heights (11/01)
52
52
0
Nottingham Estates III (9/99)
23
21
2
Nottingham Estates IV (8/01)
20
17
3
Nottingham Estates V (3/01)
44
41
3
Preston Lakes (12/00)
272
238
34
Preston Lakes III (10/04)
147
96
51
Remington Park II (11/04)
84
82
2
Sawgrass Park II (04/05)
96
80
16
The Summit at Southern Links (6/97)
31
26
5
The Village at Silver Creek (09/02)
62
62
0
Watercolors (12/02)
40
27
13
TOTALS
2682
2229
453
Watercolors (12102)
The Village at Silver Creek (09/02)
The Summit at Southern Links (6/97)
Sawgrass Park 11 (04/05)
Remington Park 11 (11/04)
Preston Lakes III (10/04)
Preston Lakes (12/00)
Nottingham Estates V (3/01)
Nottingham Estates IV (8/01)
Nottingham Estates III (9/99)
Metro Heights (11/01)
Lake Valley II (5/07)
Lake Valley (02/06)
Honey Creek (4/02)
Falls at Garrett Creek (12/05)
Fairways VI (12/00)
Fairways V (8/99)
Fairways III Extended (6/99)
Fairways at Bailey Ranch (8/95)
Double Oaks 111(8/93)
Country Estates VI (11/03)
Country Estates III (3/99)
Country Estates If (6/97)
Coffee Creek II (12/05)
Coffee Creek (04/01)
Central Park 11 (7/97)
Camelot Estates (4/07)
Broadmore Heights (10/92)
Brentwood Village (6/99)
Bradfords at Silver Creek (2/98)
Barrington Point III (8/96)
CITY OF OWASSO
0 50 100 150 200 250 300
13 Total Lots 0 Lots Developed
COMMERCIAL Building Permits (New Construction Counts)
Month 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
January 0 1 1 0 0 5 2 3 0 0 0 1 2 9 4
~eb;ru~ty 1; ~ 1 ~ ~ :~ , '~~ ~ 1 ~ ~ 5 (1 3
~
March 1 0 0 5 2 1 1 1 .
0 3 1 2 1
14 2
v
~ ~
64
48
E ~ 32
E '~ 16
V ~ 0
a
1993 1995 1997 1999 2001 2003 2005 2007
c
0 60,000,000
~ ~
~ 45,000,000
~ 0 30,000,000
V ~ 15,000,000
Z 1993 1995 1997 1999 2001 2003 2005 2007
c
~ $65,000,000
:.
~ ;n $48,750,000
------------------------------------
N o $32,500,000 ------------------------------------- - ------
c $16,250,000 ---------- ---••--------- ------- ----------
U ~c
3 ' $0
z 1993 1995 1997 1999 2001 2003 2005 2007
December' 0 1. ~ 4 i0 5 0 0 0 ~ 0 1 1
Totals 12 13 19 20 26 66 26 52 27 23 12 23 23 43 14
Year to Date 11 10 16 12 19 62 14 30 18 12 9 19 19 37 14
Includes Churches, Schools, and Government Facilities