HomeMy WebLinkAbout2005.05.12_OEDA Minutes~ OWASSO ECONOMIC DEVELOPMENT AUTHORITY
MINUTES OF REGULAR MEETING
Thursday, May 12, 2005
The Owasso Economic Development Authority met in regular session on Thursday, May 12,
2005 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, May 9, 2005.
ITEM 1: CALL TO ORDER & ROLL CALL
Chairman Scott Yandell called the meeting to order at 10:04AM.
PRESENT OTHERS
Scott Yandell, Chair Randy Cowling
Frank Enzbrenner, Vice-Chair
Gary Akin, Trustee
Brenda Lawrence, Trustee
Tom Kimball, Trustee
A quorum was declared present.
ABSENT
Dee Sokolosky, Secretary
Steve Cataduella, Trustee
STAFF
Ana Stagg, Public Works Director
Sherry Bishop, Finance Director Rodney Ray, City Manager
Rickey Hayes, Economic Development Director Eric Wiles, Community Development
ITEM 2: REQUEST APPROVAL OF MINUTES OF THE APRIL 14 2005 REGULAR
MEETING.
Mr. Enzbrenner moved, seconded by Mr. Akin, to approve the minutes of the April
14, 2005 Regular meeting, by reference made a part hereto.
AYE: Enzbrenner, Akin, Yandell, Lawrence, Kimball
NAY: None
ABSTAIN:
Motion carried 5-0.
Owasso Economic Development Authority
ITEM 3: REQUEST APPROVAL OF CLAIMS.
No Claims
AYE: None
NAY: None
ABSTAIN: None
ITEM 4: PRESENTATION OF FINANCIAL REPORT.
May 12, 2005
After a review of the attached report, no questions were asked of Ms. Bishop.
ITEM 5: UPDATE FROM ECONOMIC DEVELOPMENT DIRECTOR
Mr. Hayes updated on the status of various developments within the area. Also
discussed were the improvements to the OEDA webpage.
ITEM 6: REPORT FROM COMMUNITY DEVELOPMENT DIRECTOR
Mr. Wiles provided an update on the April building permit report, commented on the
residential building within the City, and provided information regarding upcoming
items before the Annexation Committee and Planning Commission.
ITEM 7: REPORT FROM PUBLIC WORKS DIRECTOR
Ms. Stagg gave a brief report on various street development projects, and other Public
Works related items. Ms. Stagg announced a public hearing to discuss the
construction of E. 96th Street and N. Garnett Rd has been scheduled for May 16, 2005
at 7:OOpm at the Faith Lutheran Church.
ITEM 8: REPORT FROM OEDA MANAGER
No Report.
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~ Owasso Economic Development Authority
May 12, 2005
ITEM 9: CONSIDERATION AND APPROPRIATE ACTION RELATING TO A REQUEST
FOR TRUSTEE APPROVAL OF A LOAN AGREEMENT AND PROMISSORY
NOTE BETWEEN THE OWASSO ECONOMIC DEVELOPMENT AUTHORITY
AND VANGUARD CAR RENTAL, USA, INC. AND AUTHORIZATION OF THE
CHAIRMAN TO EXECUTE ALL NECESSRY DOCUMENTS RELATED
THERETO.
Discussions were held relating to the contents of the Loan Agreement and Revenue
Promissory Note. A motion was made by Mr. Enzbrenner to approve the Loan
Agreement and Promissory Note, contingent upon receipt and review of the Letter of
Credit, motion seconded by Ms. Lawrence. Mr. Kimball announced his intent to
abstain from the vote "I will abstain from the vote because I did not receive the
material until after S:OOpm and did not have sufficient time to review".
AYE: Enzbrenner, Lawrence, Akin, Yandell,
NAY: None
ABSTAIN: Kimball
Motion carried 4-0.
ITEM 10: NEW BUSINESS
None
ITEM 11: ADJOURNMENT
Motion made by Mr. Kimball, seconded by Ms. Lawrence to adjourn.
At 11:30am, the meeting was adjourned.
AYE: Kimball, Lawrence, Enzbrenner, Akin, Yandell
NAY: None
ABSTAIN: None ` ~
Motion carried 5-0.
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Frank Enzbrenn Vice Chair
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Date Approved
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