HomeMy WebLinkAbout2009.04.09_OEDA AgendaPUBLIC NOTICE
OF THE REGULAR MEETING
OF THE
OWASSO ECONOMIC DEVELOPMENT AUTHORITY
TYPE OF MEETING: Regular
DATE: April 9, 2009
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 Clerk and posted on the City Hall bulletin board
at 5:00 p.m. on Friday, April 3, 2009. x 44A
Chelsea M.E. Harkins, Econo c Development Director
AGENDA
1. Call to Order
Mr. Charney, 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 12, 2009 Regular Meeting.
Attachment # 2 -A
B. Approval of claims.
Attachment # 2 -B
C. Acceptance of the monthly financial report.
Attachment # 2 -C
OEDA
April 9, 2009
Page 2
3. Consideration and appropriate action relating to a request for Trustee approval of a final
payment to Arvest Bank in the amount of $2,535.42 for a Letter of Credit related to the
Economic Development Loan to Vanguard Car Rental USA payable for the final period of
the loan through January 2008.
Ms. Bishop
Attachment # 3
Staff will recommend Trustee approval of a final payment in the amount of $2,535.42 to
Arvest Bank.
4. Report.from Community Development Director
Mr. Wiles
Attachment # 4
5. Report from the Public Works Director
Mr. Stevens
Attachment # 5
6. Report from the Economic Development Director
Ms. Harkins
Attachment # 6
7. Report from OEDA Manager
Mr. Ray
8. Report from OEDA Trustees
OEDA
April 9, 2009
Page 2
9. New Business (New Business is any item of business which could not have been foreseen
at the time of posting of the agenda.)
10. Adjournment.
MEETING OF THE
OWASSO ECONOMIC DEVELOPMENT AUTHORITY
MINUTES OF MEETING
Thursday, March 12, 2009
The Owasso Economic Development Authority met in regular session on Thursday, March 12,
2009 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 PM on Tuesday, March 10, 2009.
ITEM 1: CALL TO ORDER & ROLL CALL
Chairman Charney called the meeting to order at 10:04".
PRESENT
David Charney, Chairman
Brian Spriggs, Vice Chairman
Steve Cataudella, Trustee
Frank Enzbrenner, Trustee
Dee Sokolosky, Trustee
Tom Kimball, Trustee — arrives at 10: 06am
A quorum was declared present.
ABSENT
Gary Akin, Secretary
STAFF
Rodney Ray, OEDA Manager Chelsea Harkins, ED Director
Roger Stevens, Public Works Director Teresa Willson, IT Director
Eric Wiles, Community Development Director Juliann Stevens, Minute Clerk
ITEM 2: CONSIDERATION AND APPROPRIATE ACTION RELATING TO A REQUEST
FOR TRUSTEE APPROVAL OF THE OEDA CONSENT AGENDA.
A. Approval of minutes of the January 8, 2009 Regular Meeting
B. Approval of claims — no claims
C. Acceptance of the monthly financial report
Mr. Cataudella moved to approve the consent agenda, seconded by Mr. Enzbrenner.
AYE: Cataudella, Enzbrenner, Sokolosky, Charney, Spriggs
NAY: None
ABSTAIN: None
Motion carried 5 -0.
ITEM 3: REPORT FROM COMMUNITY DEVELOPMENT DIRECTOR
Mr. Kimball arrives at 10:06am. Mr. Wiles provided a review of the February
building pen-nit report and infonnation relating to the upcoming Planning
Commission items for April 2009.
March 12, 2009
ITEM 4: REPORT FROM PUBLIC WORKS DIRECTOR
Mr. Stevens gave a project status report on various capital improvement projects and
other Public Works related items.
ITEM 5: REPORT FROM ECONOMIC DEVELOPMENT DIRECTOR
Ms. Harkins reviewed the Director's Report included in the agenda packet. Also
discussed were changes to the current website in order to provide more detailed
information regarding Owasso's Business Incubator.
ITEM 6: REPORT FROM OEDA MANAGER
Mr. Ray provided information on the following items: E. 86th Street North & N.
Garnett Intersection improvements, the Federal American Recovery and
Reinvestment Act, and Bell's Amusement Park. Discussion was also held regarding
visuals and reports distributed by Dr. Mark Snead at the Economic Summit and the
possibility of bringing someone from the OSU office to provide explanation and
answer questions. Mr. Kimball leaves at 10:55am.
ITEM 7: REPORT FROM OEDA TRUSTEES
No Report provided. Dr. Spriggs asked for clarification of the E. 76th Street Sewer
Interceptor Project. Mr. Sokolosky leaves at 11:20am.
ITEM 8: NEW BUSINESS
None.
ITEM 9: ADJOURNMENT
Motion made by Mr. Cataudella, seconded by Dr. Spriggs, to adjourn the meeting. At
11:27 AM, the meeting was adjourned.
AYE: Enzbrenner, Cataudella, Chamey, Spriggs
NAY: None
ABSTAIN: None
Motion carried 4 -0.
Juliann Stevens, Minute Clerk
-2-
MEMORANDUM
TO: THE HONORABLE CHAIRMAN AND TRUSTEES
OWASSO ECONOMIC DEVELOPMENT AUTHORITY
FROM: CHELSEA M.E. HARKINS
ECONOMIC DEVELOPMENT DIRECTOR
SUBJECT: CLAIMS, OEDA
DATE: April 9, 2009
No Claims for March 2009.
Owasso Economic Development Authority
Statement of Revenues, Expenses and Changes in Fund Net Assets
For the Month Ending March 31, 2009
Operating Revenues
Operating Expenses:
Materials & supplies
Services & other charges
Capital outlay
Debt Service
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 to 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
2,000.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
2,000.00
0.00
0.00
(2,000.00)
0.00
0.69
11.69
100.00
0.00
0.00
0.00
0.00
0.00
0.00
0.69
11.69
100.00
0.69
11.69
(1,900.00)
0.00
0.00
0.00
0.69
11.69
(1,900.00)
9,008.19
9,008.19
$9,019.88
$7,108.19
MEMORANDUM
TO: HONORABLE CHAIR AND TRUSTEES
OWASSO ECONOMIC DEVELOPMENT AUTHORITY
FROM: SHERRY BISHOP
ASSISTANT CITY MANAGER, ADMINISTRATIVE SERVICES
SUBJECT: ARVEST LETTER OF CREDIT
VANGUARD PROJECT
DATE: April 3, 2009
BACKGROUND:
In January 2005, the OEDA Trustees approved a resolution authorizing the issuance of a Revenue
Anticipation Note (RAN) for $2,000,000 to fund a loan to Vanguard Car Rental USA. Final loan
documents were approved by the OEDA in May of 2005. The City of Owasso invested
$2,000,000 in the RAN issued by the OEDA. Additionally, the City of Owasso transferred
$71,250 to the OEDA to fully fund the expected five -year expenses for interest on the RAN and
for a letter of credit on the Vanguard loan. The final agreements with all parties were signed on
June 28" and funds were transferred June 30, 2005. A requirement of the loan was that an
Irrevocable Letter of Credit be obtained from Arvest Bank and that the OEDA would be
responsible for the associated fees to Arvest Bank.
Vanguard began making quarterly $100,000 payments to OEDA on September 1, 2005 and made
final payment for the balance of the loan in January of 2008.
Because the loan was paid off early, the actual cost to the OEDA was less than the funds advanced
by the City. $46,560.28 was expended for the letter of credit and for interest on the RAN leaving
a balance of $24,689.72 unexpended. The balance of funds advanced to the OEDA by the City
was transferred back to the City's General Fund in February of 2008.
Subsequent to these events, Arvest Bank invoiced the OEDA $7,014.58 for the fees for the final
period of the Letter of Credit. The period billed and the amount owed was disputed resulting in
additional delay in bringing this item to the OEDA Trustees. After discussions with Arvest Bank
by Angela Hess, City Finance Director, Arvest Bank has reduced the invoice to $2,535.42.
In 2005, the City of Owasso had agreed to fund expenses to the OEDA associated with the Letter
of Credit. The unexpended funds were returned from the OEDA to the City last year. In order to
provide those funds to the OEDA again, a payment to the OEDA from the City of Owasso for
$2,535.42 has been included on the City Claims List for consideration by the City Council on
April 7. This request is for authorization for payment to Arvest Bank for the $2,535.42 invoice.
RECOMMENDATION:
Staff recommends OEDA Trustee approval of a payment of $2,235.42 to Arvest Bank for charges
for the Letter of Credit issued for Vanguard Car Rental per the loan agreement.
ATTACHMENT:
Arvest Bank Invoice, dated March 9, 2009
BANK
Member FDIC
INVOICE
MARCH 9, 2009
TO:
OWASSO ECONOMIC DEVELOPMENT AUTHORITY
111 NORTH MAIN STREET
OWASSO, OK 74055
ATTN: ANGELA
THE FOLLOWING REPRESENTS OUR CHARGES FOR THE LETTER OF CREDIT /AMENDMENT
ISSUED IN THE AMOUNT OF USD2,000,000.00 TO OWASSO ECONOMIC DEVELOPMENT
AUTHORITY. OUR LE 7ER OF CREDIT NO.: LC 696686 -590.
PERIOD COVERED FOR THIS INVOICE: 3/26/07 THROUGH 12/31/07
DESCRIPTION
AMOUNT
LC ISSUE AT .75% P.A.
USD
ISSUANCE
USD
DRAFT FEE (IF APPLICABLE
USD
COURIER
USD
AMENDMENT (FLAT FEE)
USD
TOTAL AMOUNT: USD $2,535.42
- TOTAL AMT DUE FOR LIFE OF LC - $29,535.42
- TOTAL AMT PAID FOR LIFE OF LC - $27,000.00
PLEASE REMIT YOUR CHECK TO ATTENTION: LETTER OF CREDIT
DEPARTMENT - MARTA MORROW AT 502 S. MAIN, P.O. BOX 3007,
TULSA, OK 74103 REFERENCING THE LETTER OF CREDIT NUMBER.
FOR INQUIRIES REGARDING THIS TRANSACTION PLEASE CALL
(918) 382 -2601
INTERNATIONAL SERVICES AND LETTER OF CREDIT DEPARTMENT
RESIDENTIAL BUILDING PERMITS (NEW CONSTRUCTION COUNTS)
Month
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
January
12
16
45
29
21
20
23
64
54
30
31
22
13
25
15
r y
8
18:
35-
33
21
26
44
70,
41"
50,
52.
41
14
19
23
March
28
30
34
34
51
24
48
51
38
75
65
50
25
35
30
�?4pil!
18
39
46
38
61
50'
51
35
47
63
52'
30
31',
0
May
8
24
27
26
39
42
26
38
29
31
43
36
60
23
0
15
37
25
45
40
30:
34'
51
33
53
42
29
27''
21
0
July
13
28
28
29
27
33
37
44
32
34
27
12
23
24
0
u4IBt
38
31
33
31
36
45I
28
27
18
0,;
.. .:.;
September
20
21
..
24
31
29
29
29
30
52
64
35
12
17
40
0
O ffer
1 ;
3`
36
31
31
48
42
30"
25
31
15'
0
.
November
20
13
14
26
14
18
24
26
35
31
32
13
26
10
0
rnb�Er
19;;
i8
21
42
2e .
20 !
29
35[
35
53
16
8
6
0
Totals
208
293
333
401
362
377
406
524
479
528
518
336
301
267
68
Year to Date
48
64
114
96
93
70
115
185
133
155
148
113
52
79
68
March
Year to Date Count
M
8 180
N
,150-
E120
d
CL g0
R
60
a
030
N
0
1995 1997 1999 2001 2003 2005 2007 2009
March
Year to Date Dollars
N
i
lQ
00 20,000,000
15,000,000 ----------------------------------------------------------------
0
—6 10,000,000 --------- - - - - -- -------- - - - - -- ---- - -- - -- ------- - -- - --
----------------------------------------------------------- ----------------------------
y5,000, 000 --------------------------------------------------------- --- - - - - -- --------------------------------------------------- - - - - -- ---------------------
0
U 0
3
z 1995 1997 1999 2001 2003 2005 2007 2009
New Construction Dollars
Totals for Each Year
c
0 54,000,000 ------------------------------------------------
- - ------ ------ ------ ----------------------------
40,500,000 --- -- -- ---- ---- -- - - - - - - -- -
m
0 0° 27,000,000 ------------------------------------------------------------
v 13, 500, 000 -------------------------------------------------
3 - -- ----- --- - -- -
d
z 0
1995 1997 1999 2001 2003 2005 2007 2009
CITY OF OWASSO
RESIDENTIAL LOT INVENTORY STATUS
March 31, 2009
SUBDIVISION
# OF LOTS
# DEVELOPED
# AVAILABLE
Barrington Point III (8/96)
32
30
2
Bradfords at Silver Creek (2/98)
83
82
1
Brentwood Village (6/99)
64
62
2
Broadmore Heights (10/92)
32
28
4
Camelot Estates (4/07)
139
26
113
Central Park II (7/97)
96
95
1
Champion East (05/08)
66
2
64
Coffee Creek (04/01)
101
100
1
Coffee Creek II (12/05)
79
67
12
Country Estates II (6/97)
193
191
2
Country Estates III (3/99)
61
58
3
Country Estates VI (11/03)
37
36
1
Crescent Ridge (02/08)
101
47
54
Fairways at Bailey Ranch (8/95)
80
79
1
Fairways V (8/99)
71
57
14
Fairways VI (12/00)
42
40
2
Falls at Garrett Creek (12/05)
85
80
5
Falls at Garrett Creek Amended (12/05) 24
15
9
Honey Creek (4/02)
202
198
4
Keys Landing (3/08)
131
50
81
Lake Valley (02/06)
110
109
1
Lake Valley II (5/07)
118
114
4
Lake Valley III (09/08
131
35
96
Lakes at Bailey Ranch (10/07)
235
62
173
Maple Glen (12/08)
98
4
94
Nottingham Estates IV (8/01)
20
19
1
Nottingham Estates V (3/01)
44
43
1
Preston Lakes (12/00)
272
242
30
Preston Lakes 111 (10/04)
147
119
28
Remington Park II (11/04)
84
82
2
Sawgrass Park II (04/05)
96
92
4
The Summit at Southern Links (6/97)
31
26
5
Watercolors (12/02)
40
27
13
TOTALS
3145
2317
828
Watercolors (12/02)
The Summit at Southern Links (6/97)
Sawgrass Park II (04/05)
Remington Park II (11/04)
Preston Lakes III (10/04)
Preston Lakes (12/00)
Nottingham Estates V (3/01)
Nottingham Estates IV (8/01)
Maple Glen (12/08)
Lakes at Bailey Ranch (10/07)
Lake Valley III (09108
Lake Valley II (5/07)
Lake Valley (02/06)
Keys Landing (3108)
Honey Creek (4/02)
Falls at Garrett Creek Amended (12/05)
Falls at Garrett Creek (12/05)
Fairways VI (12/00)
Fairways V (8/99)
Fairways at Bailey Ranch (8/95)
Crescent Ridge (02/08)
Country Estates VI (11/03)
Country Estates III (3/99)
Country Estates II (6197)
Coffee Creek II (12/05)
Coffee Creek (04/01)
Champion East (05/08)
Central Park II (7/97)
Camelot Estates (4/07)
Broadmore Heights (10/92)
Brentwood Village (6/99)
Bradfords at Silver Creek (2/98)
Barrington Point III (8/96)
CITY OF OWASSO
Residential Lot Inventory Status
0 50 100 150 200 250 300
1 13 Total Lots ■ Lots Developed
COMMERCIAL Building Permits (New Construction Counts)
Month
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006 2007
2008
2009
January
1
0
0
5
2
3
0
0
0
1
2
9
4
4
1
February
1_
0
7
6 ;;
12
2
1'
1
5
5
0
3
2
" 0
March
0
5
2
.
1
1:.._
1
0
3
1
2
1
14
2
0
1
Panl
;.
1
3
4
1
0,
4
0
May
3
0
1
4
0
2
2
4
1
1
3
2
1
1
0
WN
13
,..
2
4»
3
4
1
1
July
5
1
1
1
2
7
0
1..
0
0
0
0
0
1
0
September
0
2
2
2
0
2
0
2
2
1
2
1
28
3
0
14
8
0
0''
1
3
4
1
0
November
1
2
1
0
5
6
5
1
1
3
0
1
1
1
0
Totals
19
20
26
66
26
52
27
23
12
23
23
43
48
20
2
Year to Date 2 7 2 13 9 16 2 4 2 8 8 23 9 6 2
Includes Churches, Schools, and Government Facilities
March
Year to Date Count
m 30
02 20
N
E € 10
U a 0
1995 1997 1999 2001 2003 2005 2007 2009
March
c
Year to Date Dollars
0 50,000,000
H 40,000,000
30,000,000
c 0 20,000,000
U 10,000,000
0
z 1995 1997 1999 2001 2003 2005 2007 2009
New Construction Dollars
Totals for Each Year
C
c $65,000,000
3 ;n $48,750,000
c $32,500,000
o o $16,250,000
3 $0
0
z 1995 1997 1999 2001 2003 2005 2007 2009
OCCUPANCY PERMITS
NAME ADDRESS STATUS APPLICATION OPENING'OMPLETE
DATE DATE
DECEMBER 2008
Hampton Inn & Suites 9009 N 121 E Ave
Carls Jr
9140 N 121 E Ave
The Eye & Vision Center
12711 E 86 PIN #102
First Christian Church
10100 N Garnett
JANUARY 2009
Yes
The Body Firm, Inc
8283 Owasso Exp #C
Utica Park Clinic
10512 N 110 E Ave
Bible Church of Owasso
201 North Main Street
Hibton Tires (Embree)
9023 Owasso Exp
FEBRUARY 2009
1/7/2009
Walgreen Drug Store
11605 N 135 E Ave
Prarie Village
12877 E 116 St N
Owasso Public School
12901 E 86 St N
The Alabaster Grill
9500 N 129 E Ave #130
Elite Performance /Rehab
12806 E 101 PIN
Fastenal Co
7726 N Owasso Exp #A
J C Penney
9056 N 121 E Ave
Professional Plaza
12899 E 76 St N #115
Sun Spot Tanning
11215 N Garnett
MARCH 2009
2/12/2009
Ross Dress for Less
9046 N 121 E Ave #100
Famous Footwear
9046 N 121 E Ave #200
Leslie Pool Supplies
9021 N 121 E Ave
Thai -Land Restaurant
12308 E 86 St N
Lighthouse Church of Owasso
126 S Main
Pan,Leu Phuong Thi
12415 E 96 St N
New
12/9/2008
12/15/2008
Yes
New
12/9/2008
12111/2008
Yes
New
12/11/2008
12/16/2008
Yes
New
12/19/2008
1/5/2009
Yes
New
1/7/2009
1/1/2009
No
New
1/16/2009
1/16/2009
No
New
1119/2009
1/19/2009
Yes
New
1/10/2009
2/2/2009
Yes
New
2/11/2009
2/28/2009
Yes
New
2/12/2009
2/18/2009
Yes
New
2/13/2009
2/17/2009
No
New
2/13/2009
3/12/2009
Yes
New
2/17/2009
51112009
No
New
2/24/2009
3/16/2009
No
New
2/25/2009
2/27/2009
Yes
New
2/19/2009
2/19/2009
Yes
New
2/25/2009
2/25/2009
Yes
New
3/312009
3/3/2009
Yes
New
3/3/2009
3/3/2009
Yes
New
3/9/2009
3/13/2009
No
New
3/24/2009
4115/2009
No
New
3/30/2009
2/20/2009
No
New
3/9/2009
4/15/2009
No
PERMITS APPLIED FOR IN MARCH 2009
ADDRESS
BUILDER
ADD /ZONE
VALUE
A.S.F.
PERMIT #
DATE
12311 N 108 E Ave
Rausch Coleman
CR/RS -3
79,422
1891
09- 0301 -X
3/3/2009
10916 E 124 PI N
Rausch Coleman
CR/RS -3
76,566
1823
09- 0302 -X
3/3/2009
7305 N 177 E Ave
Atlas Construction
Ow Schools
9,830,100
98301
09- 0303 -C
3/4/2009
14016 E 101 St N
Simmons Homes
CC/RS -3
146,622
3491
09- 0304 -X
3/6/2009
8003 N 119 E Ave
Leisure World
EC/RS -3
28,300
312
09- 0305 -P
3/6/2009
10749 N 153 E Ave
Simmons Homes
LV/RS -3
106,932
2546
09- 0306 -X
3/9/2009
9500 N 129 E Ave
Global Signs
City Ctr /CS
6,701
183
09- 0307 -S
3/9/2009
10223 N 140 E Ave
Simmons Homes
CC/RS -3
119,820
2577
09- 0308 -X
3/10/2009
9304 N 95 E Ave
Providence Builders
LBR/RS -3
120,792
2876
09- 0309 -X
3/11/2009
9401 E 92 St N
Shaw Homes Inc
LBR/RS -3
92,190
2195
09- 0310 -X
3/11/2009
10908 E 124 PI N
Rausch Coleman
CR/RS -3
68,502
1631
09- 0311 -X
3/12/2009
12304 N 108 E Ave
Rausch Coleman
CR/RS -3
76,566
1823
09- 0312 -X
3/12/2009
12329 N 108 E Ave
Rausch Coleman
CR/RS -3
79,212
1886
09- 0313 -X
3/12/2009
15369 E 91 St N
Simmons Homes
PL/RS -3
108,234
2577
09- 0314 -X
3/12/2009
6804 N 128 E Ct
Denham Homes
KeysLng/RS3
92,400
2200
09- 0315 -X
3/13/2009
7726 N Owasso Exp
Integrity Signs
FCBP /CG
4,000
40
09- 0316 -S
3/16/2009
118 S Main St
Samih Saiumeh
Original Town
8,000
2355
09- 0317 -C
3/16/2009
15907 E 91 St N
Simmons Homes
PL/RS -3
115,458
2749
09- 0318 -X
3/16/2009
15148 E 108 PI N
Simmons Homes
LV/RS -3
75,054
1787
09- 0319 -X
3/16/2009
10801 N 154 E Ave
Simmons Homes
LV/RS -3
76,944
1832
09- 0320 -X
3/16/2009
15200 E 108 PI N
Simmons Homes
LV/RS -3
76,944
1832
09 -0321X
3/17/2009
10740 N 154 E Ave
Capital Homes
LV/RS -3
82,656
1968
09- 0322 -X
3/17/2009
15140 E 108 PI N
Capital Homes
LV/RS -3
74,970.00
1905
09- 0323 -X
3/17/2009
9303 E 93 St No
Sherwood Homes
LBR/RS -3
141,120.00
3360
09- 0324 -X
3/20/2009
9200 E 92 PI No
Sherwood Homes
LBR/RS -3
119,574.00
2847
09- 0325 -X
3/20/2009
14819 E 110 Cir
Simmons Homes
LV/RS -3
76,944.00
1832
09- 0326 -X
3/23/2009
11083 N 115 E Ave
Simmons Homes
MGRS -3
76,944.00
1832
09- 0327 -X
3/24/2009
11085 N 115 E Ave
Simmons Homes
MGRS -3
75,054.00
1787
09- 0328 -X
3/24/2009
9213 N 143 E Ave
Strategic Builders
Camelot/RS -3
117,600.00
2800
09- 0329 -X
3/24/2009
9011 N 100 E Ave
American Heartland
FW/RS -3
107,604.00
2562
09- 0330 -X
3/24/2009
12300 N 108 E Ave
Rausch Coleman
CR/RS -3
86,845
2320
09- 0331 -X
3/25/2009
12329 N 112 E Ave
Rausch Coleman
CR/RS -3
75,180
1790
09- 0332 -X
3/26/2009
9204 E 94 St N
Collingsworth Bldrs
LBR/RS -3
119,742
2851
09- 0333 -X
3/30/2009
12415 E 96 St N #B
Rainbow Signs
Owasso Mkt
2,500.00
23
09- 0334 -S
3/30/2009
12402 E 90 St N
Domingo Sequra
LR/RS -3
1,500
520
09- 0335 -X
3/30/2009
15204 E 108 PI N
Simmons Homes
LV/RS -3
91,620
1787
09- 0336 -X
3/31/2009
12304 E 69 St N
Denham Homes
KeysLng/RS3
100,800
2400
09- 0337 -X
3/31/2009
12451 E 100 St N #250
Cowen Construction
Ow Med Ctr
230,000
1680
09- 0338 -C
3/31/2009
12451 E 100 St N #210
Cowen Construction
Ow Med Ctr
320,000
2280
09- 0339 -C
3/31/2009
12451 E 100 St N #150
Cowen Construction
Ow Med Ctr
350,000
2976
09- 0340 -C
3/31/2009
12451 E 100 St N #240
Cowen Construction
Ow Med Ctr
400,000
2550
09- 0341 -C
3/31/2009
12140 E 96 St N #104
Global Signs
RCB Ctr /CS
7,300
103
09- 0342 -S
3/31/2009
9046 N 121 E Ave #400 1
Global Signs
Sin Farms/CS
4,100
52
09- 0343 -S
3/31/2009
23 New Single Family 2,234,020.00
2 Residential Remodel $85,000
0 New Commercial $0
5 Commercial Remodels $429,000
2 Pools $51,000
2 Signs $12,000
49,330 SgFt
1,152 SgFt
0 SgFt
10,137 SgFt
1,324 SgFt
536 SgFt
PROJECTS STATUS REPORT
City of Owasso Public Works Department
April 9, 2009
129th E. Avenue Widening Project (South of Home Depot to E 76th Street North)
Council awarded the construction contract to Becco Construction in the amount
$8,320,902.80 on August 21, 2007.
- A Notice to Proceed was issued on October 1, 2007 with substantial completion
(450 calendar Days) scheduled for December 23, 2008 and final completion (510
calendar days) scheduled for February 21, 2009.
Excluding additional sidewalk replacement, the widening improvements
from E. 76th Street North to E. 86th Street North are complete.
- Utility Crews continue the installation of underground utilities from E. 89th
Street North to E. 94th Street North. This phase of construction is expected
to be complete by mid -April 2009.
- In order to expedite final completion of the road improvements and reduce
construction costs, the City has authorized Becco Contractors to close a
section of N. 129th East Avenue, between E. 90th Street North and
approximately E. 94th Street North, beginning April 6, 2009. The road
closure will last approximately 45 days, but could be extended if adverse
weather conditions limit construction. This road closure has been
coordinated with Owasso Public Schools as well as all City of Owasso
Public Safety entities.
Through the course of this project, the contractor has received
approximately 90 rain days resulting in a revised schedule for completion
in May 2009.
• E. 86th Street North Widening (from Main Street to N. Memorial Drive
- Funding for the construction of this project is a result of a "matching grant "; 80%
ODOT funding and 20% City funding.
- An Engineering design for the project was completed in September 2008.
- An Environmental Assessment was approved by ODOT in December 2008 and
by the Federal Highway Department in February 2009.
- Staff anticipates right -of -way negotiations and utility relocations to be completed
in July 2009.
- Staff anticipates construction to begin in August 2009.
E. 106TH Street North and Garnett Road Intersection Improvement Project
- A $750,000 grant from ODOT was approved February 2009.
- On March 24, 2009, Council awarded an engineering design contract with
PSA Dewberry. Staff anticipates the Engineering Design to be completed
in October 2009.
Staff anticipates right -of way negotiations and utility relocation to be
complete by November 2009.
Construction is expected to begin in January 2010 and completed by
September 2010.
Tulsa Community College /Tulsa Technology Center Road Construction Project
On July 15, 2008, the City Council awarded an engineering agreement in the
amount of $162,500.00 Crafton, Tull, Sparks.
The Engineering Design is scheduled for completion in April 2009.
- Staff anticipates construction to begin in June 2009 and completion by
October 2009.
Street Improvement /Repair Project (FY 2008 -2009)
Street Repair:
- On September 16, 2008, the City Council approved the street repair priorities for
FY 2008 -2009.
- On October 18, 2008, the City Council approved an interlocal agreement with
Tulsa County for county personnel to perform the street overlay and resurfacing
with materials purchased by the City of Owasso.
- Staff anticipates seeking bids in April 2009 from private contractors to
complete the needed base repairs.
- Staff anticipates project completion in August 2009.
Traffic Signal Enhancements:
- On October 7, 2008, the City Council awarded an engineering agreement in the
amount of $37,000 to Traffic Engineer Consultants, Incorporated.
- In October 2008, the consultant began a traffic study and submitted their final
report to city staff in February 2009.
- Staff has completed their review of the report and has completed bid
specifications for the recommended hardware and' installation services.
Staff anticipates advertising for bids in late April 2009.
- Staff anticipates project completion in July 2009.
Wastewater Treatment Plant and 117th Street Lift Station Upgrade
- The Engineering Design was completed in September 2008.
- A Public comment period began August 29, 2008 as required by the ODEQ and
ended October 13, 2008.
- Staff anticipates advertising for bids in May 2009.
- Staff anticipates construction to begin in June 2009 and Final Completion (480
calendar days) scheduled for October 2010.
East 76th Street North Sanitary Sewer Interceptor
- The Engineering Design was completed in March 2009.
- Staff anticipates the Environmental Process to be completed by May 2009.
- Staff anticipates advertising for bids in June 2009.
- Staff anticipates Phase I Completion (North 143 d East Avenue to North 171St
East Avenue) by February 2010; and Phase II Completion (North 171St East
Avenue to North 193rd East Avenue) by September 2010.
East 96 Street North Regional Detention (Phase II and III — Detention Facility/ Garnett
Structure Modifications)
- The engineering design was completed March 2009.
- Staff anticipates advertising for bids in May 2009 and awarding a
construction contract in June 2009.
- Staff anticipates final completion (130 calendar days) in September 2009.
MEMORANDUM
TO: THE HONORABLE CHAIR AND TRUSTEES
OWASSO ECONOMIC DEVELOPMENT AUTHORITY
FROM: CHELSEA M.E. HARKINS
DIRECTOR OF ECONOMIC DEVELOPMENT
SUBJECT: DIRECTOR'S REPORT
DATE: April 9, 2009
CORPORATE RELOCATION AND JOB CREATION
BioEDEN, Inc., an advanced bioscience and technology -based company specializing in banking
Stem Cells from children's deciduous teeth for future therapeutic uses. The company currently
employs eight scientists and hopes to grow to thirty in the next three years.
Company representatives have been traveling abroad and finalized funding. Staff is working
with the Oklahoma Department of Commerce to evaluate eligibility for incentives and programs.
Staff will continue to pursue BioEDEN while actively recruiting other tenants for the business
incubator.
RETAIL DEVELOPMENT
Smith Farm: JC Penney,Ross Dress for Less and Famous Footwear have been open for business
for a month and have brought in record sales since opening doors.
The Sevens: Tapp Development of Edmond is developing 7 -acres to include a hotel, retail and
restaurant complex on the east side of Garnett, south Owasso Expressway. The three
restaurant /retail areas have not been announced. They will begin the development this month.
Tapp Development /Wal -Mart Neighborhood Market: Seventy percent of the former Albertsons
grocery store will be a Wal -Mart Neighborhood Market. Tapp Development is working on
securing a tenant for the other thirty percent. Tapp has purchased the neighboring 22,000 square
foot Owasso Town Center shopping complex. Predictions indicate a Summer opening for the
Wal -Mart Neighborhood Market.
QuikTrip: A QuikTrip convenient store is locating on the northwest corner of 96th & Garnett.
Construction is ongoing.
Walgreens and McDonalds are under construction at Morrow Place, 116th Street N. and HWY
169.
The Alabaster Grille has opened to provide fine dining in the former 3 Tomatoes & a Mozzarella
location.
HOTEL DEVELOPMENT
The Marriott Towne Center is under construction in Tyann Plaza.
The Sevens will feature a four - story, 94 -room LaQuinta Inn and Suites by Champion Hotel
Development of Oklahoma City. It will be 17,000 square feet on approximately two acres of
land.
ECONOMIC DEVELOPMENT NOTABLES
Staff is working with three different companies to bring in a potential total of up to 1500 quality
jobs. As discussions develop, staff will provide updates.
Staff will be meeting with companies at the Cherokee Industrial Park, Tulsa International Airport
and Port of Catoosa this month to seek opportunities and gather information.
Staff has also updated marketing materials and the Economic Development page of the City of
Owasso website. Cluster industry materials are being developed.