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HomeMy WebLinkAbout2007.03.08_OEDA AgendaPUBLIC NOTICE OF THE MEETING OF THE OWASSO ECONOMIC DEVELr --k fT TT ATTTHORITY TYPE OF MEETING: Regular OEDA FILE DATE: March 8, 2007 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 and posted on the City Hall bulletin board at 5:00 p.m. on Monday, March 5, 2007. Rickey Hayes, Ec6QJic Development Director 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 February 15, 2007 Special Meeting. Attachment # 2 -A B. Approval of Claims. Attachment # 2 -B 3. Presentation of Financial Report. Ms. Bishop Attachment 93 4. Update from Economic Development Director. Mr. Hayes Attachment #4 OEDA March 8, 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 relating to the Oklahoma Natural Gas Site located on E. 96'h Street North, just north of the Smith Farm Marketplace. Mr. Ray 9. New Business. 10. Adjournment. OWASSO ECONOMIC DEVELOPMENT AUTHORITY MINUTES OF SPECIAL MEETING Thursday, February 15, 2007 The Owasso Economic Development Authority met in special session on Thursday, February 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, February 5, 2007. ITEM 1: CALL TO ORDER & ROLL CALL Chairman Dee Sokolosky called the meeting to order at 10:00AM. PRESENT Dee Sokolosky, Chairman Ray Thomas, Vice Chairman Frank Enzbrenner, Trustee Gary Akin, Secretary David Charney, Trustee (arrives at 10:02AM) Steve Cataudella, Trustee Tom Kimball, Trustee (arrives at 10:04AM) A quorum was declared present. ABSENT STAFF Rodney Ray, City Manager Ana Stagg, Public Works Eric Wiles, Community Development OTHERS Randy Cowling Page Cole Sherry Bishop, Finance Director 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 January 11, 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, Akin, Thomas NAY: None ABSTAIN: None Motion carried 5 -0. ITEM 3: PRESENTATION OF FINANCIAL REPORT. A financial report was included in the agenda packet, no questions were asked of Ms. Bishop. Mr. Charney arrives at 10: 02AM. Owasso Economic Development Authority February 15, 2007 ITEM 4: UPDATE FROM ECONOMIC DEVELOPMENT DIRECTOR Mr. Hayes relays ongoing marketing strategies for corporate relocation, to include visits with property owners and the preparation of cost analysis to prepare sites. Mr. Kimball arrives at 10:04AM. Mr. Hayes reported that discussions continue with the Oklahoma Department of Commerce in order'to build relationships. ITEM 5: REPORT FROM COMMUNITY DEVELOPMENT DIRECTOR Mr. Wiles provided an update on the January building permit report and provided information regarding items appearing before the Planning Commission in February 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 to include the Main Street Redevelopment Project. Mr. Kimball leaves at 10:55AM ITEM 7: REPORT FROM OEDA MANAGER Mr. Ray introduced Julie Lombardi; Ms. Lombardi gave a brief update on the current litigation between the City of Owasso and the Washington County RWD #3. Mr. Thomas leaves at 10:57AM. Mr. Ray further commented on various developments to include Vanguard, ONG, and the Capital Improvements Committee. ITEM 8: CONSIDERATION AND APPROPRIATE ACTION RELATING TO A REQUEST FOR TRUSTEE REVIEW OF AN INCUBATOR APPLICANT. Mr. Hayes introduced Page Cole, Visiting Angels of Green Country. Mr. Cole gave a brief description of his business plan. A motion was made by Mr. Enzbrenner to recommend approval of the application to the City Council, seconded by Mr. Charney. ITEM 9: AYE: Charney, Sokolosky, Enzbrenner, Akin, Cataudella, NAY: None ABSTAIN: None Motion carried 5 -0. NEW BUSINESS None -2- Owasso Economic Development Authority ITEM 10: ADJOURNMENT Motion made by Mr. Enzbrenner, seconded by Mr. Akin At 11:30am, the meeting was adjourned. / AYE: Kimball, Charney, Sokolosky, Enz NAY: None ABSTAIN: None Motion carried 6 -0. -3- February 15, 2007 ourn. , Akin, Cataudella, Dee Sokolosky, Chairman Date Approved Owasso Economic Development Authority Statement of Revenues, Expenses and Changes in Fund Net Assets For the Month Ending February 28, 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 from 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 4,000.00 0.00 0.00 0.00 0.00 4,000.00 0.00 0.00 (4,000.00) 0.00 13.84 143.72 300.00 0.00 200,000.00 400,000.00 0.00 (203,798.63) (416,254.00) (3,654.91) (15,954.00) 13.84 13.84 (3,654.91) (19,954.00) 0.00 0.00 0.00 (3,654.91) (19,954.00) 13.84 44,149.46 44,149.46 $40,494.55 $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: March 1, 2007 Three new hotels will be under construction in the next few weeks in Owasso. Candlewood Inn Suites will build a four story hotel west of Lowes and just north of the Tulsa Teachers Credit Union on East 96th Street North. 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. The city will benefit from over 300 new rooms and the spin off restaurant and retail that will accompany the hotel construction. All three have planning commission and city council approvals and will begin construction as soon as possible. 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. 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. 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. 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.