HomeMy WebLinkAbout2005.01.13_OEDA MinutesOWASSO ECONOMIC DEVELOPMENT AUTHORITY
MINUTES OF REGULAR MEETING
Thursday, January 13, 2005
The Owasso Economic Development Authority met in regular session on Thursday, January 13,
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 Friday, January 7, 2005.
ITEM 1: CALL TO ORDER & ROLL CALL
Chairman Scott Yandell called the meeting to order at 10:O5AM.
PRESENT
Scott Yandell, Chair
Brenda Lawrence, Trustee
Dee Sokolosky, Secretary
Steve Cataduella, Trustee
Gary Akin, Trustee
Frank Enzbrenner, Vice-Chair
OTHERS
Brent Colgan
Randy Cowling, Owasso Reporter
(arrived at 11:10 AM)
ABSENT
Tom Kimball, Trustee
STAFF
Rodney Ray, City Manager
Sherry Bishop, Finance Director
Rickey Hayes, Economic Development Director
Juliann Stevens, Administrative Assistant
Corey Tisdale, Managerial Intern
Ana Stagg, Public Works Director
Joe Nurre, Public Works
Eric Wiles, Community Development
Ron Cates, City Attorney
A quorum was declared present.
ITEM 2: REQUEST APPROVAL OF MINUTES OF THE DECEMBER 9 2004 REGULAR
MEETING.
Mr. Cataudella moved, seconded by Ms. Lawrence, to approve the minutes of the
December 9, 2004 regular meeting, by reference made a part hereto.
AYE: Cataudella, Lawrence, Akin, Enzbrenner, Yandell, Sokolosky
NAY: None
ABSTAIN:
Motion carried 6-0.
Owasso Economic Development Authority
ITEM 3: REQUEST APPROVAL OF CLAIMS.
No Claims
AYE: None
NAY: None
ABSTAIN: None
ITEM 4: PRESENTATION OF FINANCIAL REPORT.
January 13, 2005
Ms. Bishop was present. After a review of the report, no questions were asked of Ms.
Bishop.
ITEM 5: UPDATE FROM ECONOMIC DEVELOPMENT DIRECTOR
Mr. Hayes reported on economic development activities in the city. Mr. Hayes
provided information on potential tenants of the Waterford Place and Smith Farm
Marketplace, as well as, invited all members to attend a ground breaking ceremony,
~ scheduled for February, for The Owasso Hospital.
ITEM 6: REPORT FROM COMMUNITY DEVELOPMENT DIRECTOR
Mr. Wiles introduced Chip McCully, City Planner and provided an update on the
December 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
Ana Stagg, Public Works Director gave a brief report on various street development
projects, and other Public Works related items.
ITEM 8: REPORT FROM OEDA MANAGER
No Report.
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Owasso Economic Development Authority
January 13, 2005
ITEM 9. CONSIDERATION AND APPROPRIATE ACTION REACTING TO A REQUST
FOR TRUSTEE APPROVAL OF RESOLUTION No. 2005-O1, A RESOLUTION
AUTHORIZING A LOAN AGREEMENT AND REVENUE ANTICIPATION NOTE
BETWEEN THE OWASSO ECONOMIC DEVELOPMENT AUTHORITY AND
THE CITY OF OWASSO, AND AUTHORIZATION OF THE CHAIRMAN TO
EXECUTE ALL NECESSARY DOCUMENTS RELATED THERETO.
Discussions were held relating to the contents of the Loan Agreement and Revenue
Anticipation Note. Mr. Sokolosky requested a typing error be corrected to properly
reflect the secretary of the OEDA for signature. A motion was made by Mr.
Cataudella to approve Resolution No. 2005-01, contingent upon the City Council's
approval of a transfer of funds in the amount of $71,250 from the General Fund to the
OEDA Fund for the purpose of funding the cost of the Letter of Credit and the interest
cost of the Revenue Anticipation Note, seconded by Ms. Lawrence.
AYE: Cataudella, Lawrence, Akin, Enzbrenner, Yandell, Sokolosky
NAY: None
ABSTAIN:
Motion carried 6-0.
ITEM 10: CONSIDERATION AND APPROPRIATE ACTION RELATING TO A REQUEST
FOR TRUSTEE APPROVAL OF RESOLUTION NO. 2005-02, A RESOLUTION
AUTHORIZING A LOAN AGREEMENT AND PROMISSORY NOTE BETWEEN
THE OWASSO ECONOMIC DEVELOPMENT AUTHORITY AND VANGUARD
CAR RENTAL, USA, INC., AND AUTHORIZATION OF CHAIRMAN TO
EXECUTE ALL NECESSARY DOCUMENTS RELATED THERETO.
Discussions were held regarding the contents of the Loan Agreement and the
Promissory Note. A motion was made by Ms. Lawrence to approve Resolution No.
2005-02, contingent upon receipt of a Letter of Credit issued by Arvest Bank and a
thorough review of its contents by the Chairman of the OEDA, the City's Legal
Counsel, seconded by Mr. Cataudella.
AYE: Cataudella, Lawrence, Akin, Enzbrenner, Yandell, Sokolosky
NAY: None
ABSTAIN:
Motion carved 6-0.
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Owasso Economic Development Authority
January 13, 2005
ITEM 11: DISCUSSION RELATING TO THE COMMERCIAL STORMWATER RUNOFF
FEE.
Mr. Ray provided members with a sample Annual Stormwater Fee comparison chart
showing examples of the cost of the annual fee using a four year implementation
plan. Discussions were held regarding the implementation of the fee. Further
discussions to be held at future OEDA meetings.
ITEM 12: NEW BUSINESS
None
ITEM 13: ADJOURNMENT
Motion made by Mr. Cataudella, seconded by Mr. Enzbrenner to adjourn.
At 11:45am, the meeting was adjourned.
fib, ~O ~ Z~°S
Date Approved
Scott ell, Chair
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