HomeMy WebLinkAbout2003.04.10_OEDA MinutesOWASSO ECONOMIC DEVELOPMENT AUTHORITY
MINUTES OF REGULAR MEETING
Thursday, April 10, 2003
The Owasso Economic Development Authority met in regular session on Thursday, April 10,
2003 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 4:00 p.m. on Monday, April 7, 2003.
ITEM 1: CALL TO ORDER & ROLL CALL
Vice Chair Brenda Lawrence called the meeting to order at 10:04 a.m.
PRESENT ABSENT
Tom Kimball, Chair (in at 10:06)
Brenda Lawrence, Vice Chair
Frank Enzbrenner, Secretary
Dee Sokolosky, Trustee
Scott Yandell, Trustee
Gary Akin, Trustee
Michael Helm, Trustee
STAFF
Rickey Hayes, Economic Development Director
Rodney Ray, City Manager
® Marcia Boutwell, City Clerk
A quorum was declared present.
ITEM 2: REQUEST APPROVAL OF MINUTES OF THE FEBRUARY 13, 2003 REGULAR
MEETING.
Mr. Enzbrenner moved, seconded by Mr. Yandell, to approve the minutes of the February 13,
2003 regular meeting, by reference made a part hereto.
AYE: Enzbrenner, Yandell, Akin, Helm, Lawrence
NAY: None
Motion carried 5 -0.
(Mr. Sokolosky was not present at the February 13th meeting and did not vote on these minutes.)
ITEM 3: REQUEST APPROVAL OF CLAIMS.
No claims were presented.
ITEM 4: PRESENTATION OF FINANCIAL REPORT.
Ms. Bishop was not present. The financial report was included in the agenda packet. There was
nothing to add, and there were no questions or comments.
Owasso Economic Development Authority April 10, 2003
ITEM 5: PRESENTATION BY MR. THOMAS LOY, CHAIRMAN AND CEO OF
METRFUND CORPORATION.
Mr. Thomas made a presentation to the OEDA regarding MetaFund Corporation and the
economic development type work that they do. MetaFund is a not for profit 501(c)(3) certified
community development financial institution.
ITEM 6: UPDATE FROM ECONOMIC DEVELOPMENT DIRECTOR.
Mr. Hayes introduced Public Works Director Robert Carr, who gave a status report on current
projects. Community Development Director Eric Wiles discussed building activity, as well as
future activity. He reported that Home Depot has applied for rezoning and a site plan review.
Mr. Hayes discussed traffic count data, the Economic Development page on the City's web site,
and potential businesses. He said that there is a big demand for the marketing packet. This
versatile tool is very easily customized for individual customers.
ITEM 7: DOWNTOWN REDEVELOPMENT PLAN IMPLEMENTATION.
Mr. Ray reported that many of the commercial owners along Main Street have been shown the
proposed striping plan, and to this point there have been no objections. A meeting is being
planned to further discuss the plan and respond to questions and concerns. It will be specifically
targeted toward businesses and residents on either side of Main St. from E. 70h St. N. to E. 80h
St. N. Mr. Ray said that this project is high on the Capital Improvements list. He also reported
that the Central Baptist Church building is back on the market, and the City is taking a serious
look at making an offer on the property.
ITEM 8: REPORT FROM OEDA MANAGER
Mr. Ray discussed the Regional Economic Development Consortium. This item had been
discussed at some length at the last meeting of the OEDA. Most of the entities that had
originally become members of the Consortium have given their notice that they are pulling out of
the group. The OEDA has paid half of its commitment fee. It is staffs belief that payment
should be made for the remainder, and then notice of intent of the OEDA to pull out should be
given. There will need to be an action item on the May 8th agenda regarding this. Mr. Ray also
reported to the Trustees that a joint meeting of the Owasso City Council and Collinsville City
Commission had been held, with Commissioner Wilbert Collins present, to discuss items of
mutual interest to both communities.
ITEM 9: NEW BUSINESS.
None.
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Owasso Economic Development Authority
April 10, 2003
ITEM 10: GENERAL DISCUSSION RELATING TO THE PURPOSE, GOALS, AND FOCUS
OF THE CITY'S ECONOMIC DEVELOPMENT EFFORTS.
There was no discussion at this time.
ITEM 11: ADJOURNMENT
Mr. Kimball moved, seconded by Mr. Enzbrenner, to adjourn.
AYE: Kimball, Enzbrenner, Helm, Akin, Yandell, Sokolosky, Lawrence
NAY: None
Motion carried 7 -0, and the meeting was adjourned at 11:40 p.m. Z1-
Tom Kimball, Chairperson
"5 - -03
Date Approved
31
Sm
. Owasso Economic Development Authority
Schedule of Revenues and Expenses
For the Month Ending April
30, 2003
Month -to -date
Year -to -date
Operating Revenues:
Contributions
$0.00
$0.00
Reimbursements
0.00
0.00
Interest
17.17
219.36
Total Operating Revenues
17.17
219.36
Operating Expenses:
Materials & supplies
0.00
0.00
Services & other charges
0.00
12,500.00
Capital outlay
0.00
0.00
Total Operating Expenses
0.00
12,500.00
Operating Income (Loss)
17.17
(12,280.64)
Non - Operating Revenues (Expenses):
Transfer from General Fund
0.00
25,000.00
Total Non - Operating Revenues (Expenses)
0.00
25,000.00
Net Income (Loss)
17.17
12,719.36
Retained Earnings ** 06/30/02
11,915.86
Retained Earnings ** 04/30/03
$24,635.22
"Note: For the purposes of this report, "Retained Earnings" includes only
current assets and current liabilities