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Home My WebLink About2007.04.12_OEDA AgendaPUBLIC NOTICE OF THE MEETING OF THE OWASSO ECONOMIC DEVELOPMENT AUTHORITY TYPE OF MEETING: Regular DATE: Aprill2, 2007 OEDA FILE TIME: 10:00 a.m. PLACE: Owasso City Hall, Lower Level Conference Room 111 N. Main Owasso, Oklahoma Notice and agenda filed in the office of the City Cle d posted on the City Hall bulletin board at 5:00 p.m. on Tuesday, April 10, 2007. q�__ Rickey Hayes,'Eco&lic Development Director AGENDA 1. Call to Order Mr. Thomas, Vice 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 March 15, 2007 Special Meeting. Attachment # 2 -A B. Approval of Claims. Attachment # 2 -B 3. Presentation of Financial Report. Ms. Bishop Attachment #3 4. Update from Economic Development Director. Mr. Hayes Attachment #4 OEDA April 12, 2007 Page 2 5. Report from Community Development Director. Mr. Wiles 6. Report from the Public Works Director. Ms. Stagg 7. Report from the OEDA Manager. Mr. Ray 8. Discussion and possible action relating to issues regarding the sale, lease, or other forms that could potentially be utilized in a divestiture of the Oklahoma Natural Gas Site located at 12250 E. 96`h Street North. Mr. Ray 9. New Business. 10. Adjournment. OWASSO ECONOMIC DEVELOPMENT AUTHORITY MINUTES OF SPECIAL MEETING Thursday, March 15, 2007 The Owasso Economic Development Authority met in special session on Thursday, March 15, 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, March 5, 2007. ITEM 1: CALL TO ORDER & ROLL CALL Chairman Dee Sokolosky called the meeting to order at 10:OOAM. PRESENT Dee Sokolosky, Chairman Ray Thomas, Vice Chairman Frank Enzbrenner, Trustee David Charney, Trustee Steve Cataudella, Trustee Tom Kimball, Trustee A quorum was declared present. ABSENT Gary Akin, Secretary STAFF Rodney Ray, City Manager Ana Stagg, Public Works Eric Wiles, Community Development OTHERS Randy Cowling Rickey Hayes, Economic Development Julie 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 February 15, 2007 Regular Meeting B. Approval of claims —no claims Mr. Enzbrenner moved, seconded by Mr. Cataudella, to approve the consent agenda. AYE: Enzbrenner, Cataudella, Sokolosky, Thomas, Charney, Kimball NAY: None ABSTAIN: None Motion carried 6 -0. ITEM 3: PRESENTATION OF FINANCIAL REPORT. A financial report was included in the agenda packet, no questions were asked regarding the report. ITEM 4: UPDATE FROM ECONOMIC DEVELOPMENT DIRECTOR Owasso Economic Development Authority March 15, 2007 Mr. Hayes reviewed the attached report. Discussion was held regarding current development of retail sites. ITEM 5: REPORT FROM COMMUNITY DEVELOPMENT DIRECTOR Mr. Wiles provided an update on the February building permit report and provided information regarding items appearing before the Planning Commission in March 2007. ITEM 6: REPORT FROM PUBLIC WORKS DIRECTOR Ms. Stagg gave a project status report on various capital improvement projects and other Public Works related items. ITEM 7: REPORT FROM OEDA MANAGER Mr. Ray gave a brief update on various developments to include Vanguard, ONG, the Capital Improvements Committee, and efforts towards the HWY 169 widening project. ITEM 8: DISCUSSION RELATING TO THE OKLAHOMA NATURAL GAS SITE LOCATED ON E. 96TH STREET NORTH, JUST NORTH OF SMITH FARM MARKETPLACE. Mr. Ray advised of current developments regarding the relocation of the Owasso ONG office. Discussion was held regarding the current agreement between the OEDA and ONG and staff intends to place an item on the April 12, 2007 agenda for further discussion. ITEM 9: NEW BUSINESS None ITEM 10: ADJOURNMENT Motion made by Mr. Enzbrenner, seconded by Mr. Kimball to adjourn. At 11:43am, the meeting was adjourned. AYE: Enzbrenner, Kimball, Charney, Sokolosky, Cataudella, Thomas NAY: None ABSTAIN: None Motion carried 6 -0. Dee Sokolosky, Chairman Date Approved -2- [EMORANDUM O: THE HONORABLE CHAIR & TRUSTEES OWASSO ECONOMIC DEVELOPMENT AUTHORITY FROM: RICKEY HAYES, ECONOMIC DEVELOPMENT DIRECTOR SUBJECT: OEDA CLAIMS FOR MARCH 2007 DATE: April 6, 2007 There were no claims for March 2007 Owasso Economic Development Authority Statement of Revenues, Expenses and Changes in Fund Net Assets For the Month Ending March 31, 2007 Operating Revenues Operating Expenses: Materials & supplies Services & other charges Capital outlay Total Operating Expenses Operating Income (Loss) Non - Operating Revenues (Expenses): MTD YTD Budget $0.00 $0.00 $0.00 0.00 0.00 0.00 0.00 0.00 4,000.00 0.00 0.00 0.00 0.00 0.00 Investment income 20.13 Promissory note revenue 100,000.00 RAN debt service & other costs (101,649.32) Total non - operating revenues (expenses) (1,629.19) Net income (loss) before contributions and transfers (1,629.19) Transfer from general fund Change in net assets Total net assets - beginning Total net assets - ending 0.00 4,000.00 0.00 (4,000.00) 163.85 300.00 300,000.00 400,000.00 (305,447.95) (416,254.00) (5,284.10) (15,954.00) (5,284.10) (19,954.00) 0.00 0.00 0.00 (1,629.19) (5,284.10) (19,954.00) 44,149.46 44,149.46 $38,865.36 $24,195.46 MEMORANDUM TO: THE HONORABLE CHAIR AND TRUSTEES OWASSO ECONOMIC DEVELOPMENT AUTHORITY FROM: RICKEY HAYES DIRECTOR OF ECONOMIC DEVELOPMENT SUBJECT: DIRECTOR'S REPORT DATE: April 6, 2007 Candlewood Inn Suites is under construction on a four story hotel west of Lowes and just north of the Tulsa Teachers Credit Union on East 96th Street North. The Staubach Company is partnering in the Candlewood deal and is looking into potential expansion for some mixed use development in the area around the hotel. A Marriot Towne Center and Hampton Inn will be built simultaneously with the Marriot on the Tyann site just west of Home Depot and the Hampton Inn on the Smith Farms site west of Lone Star Steakhouse and south of Hobby Lobby. Both the Marriot and the Hampton units are also four stories and should start construction in a couple of weeks. The city will benefit from over 300 new rooms and the spin off restaurant and retail that will accompany the hotel construction. Staff is working with multiple groups of developers for significant retail and mixed use projects on several sites in the City. Staff has been in pre - development meetings with developers and engineers, and several national retailers are showing interest in available sites in the 96th Street corridor and in the 116th Street area as well. Development is continuing in the Tyann Center with several retailers under contract for pad sites in the area just west of Home Depot. Many retailers are preparing for the ICSC convention in May. Staff will represent the City of Owasso at the convention. Staff is compiling data for several potential corporate office sites and initial cost analysis is being done on each site. This information is being compiled to provide data to site selection consultants in preliminary information packets. Meetings are being scheduled with leading site consulting firms in the corporate relocation market, and since many of the firms will be represented at the ICSC event, staff will make opportunity to meet with the firms during the convention. Creating quality jobs is staff's primary focus. In the months to come staff will concentrate on keeping the City of Owasso at the forefront of information being provided to corporate site consultants looking for potential sites in the Tulsa metro area. 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