HomeMy WebLinkAbout2009.06.11_OEDA AgendaPUBLIC NOTICE
REGULAR MEETING
OWASSO ECONOMIC DEVELOPMENT AUTHORITY
TYPE OF MEETING: Regular FILE COPY
DATE: June 11, 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 Monday, June 8, 21".
u i M. Stevens, Dep ty City Clerk
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 May 14, 2009 Regular Meeting.
Attachment
B. Approval of claims.
Attachment
C. Acceptance of the monthly financial report.
Attachment
3. Briefing and discussion relating to the Owasso Public School financing methods.
David Boggs, Owasso Public School Finance Director
OEDA
June 11, 2009
Page 2
11. Adjournment.
MEETING OF THE
OWASSO ECONOMIC DEVELOPMENT AUTHORITY
MINUTES OF MEETING
Thursday, May 14, 2009
The Owasso Economic Development Authority met in regular session on Thursday, May 14,
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 Monday, May 11, 2009.
ITEM 1: CALL TO ORDER & ROLL CALL
Chairman Charney called the meeting to order at 10:01 AM.
PRESENT
David Charney, Chairman
Brian Spriggs, Vice Chairman
Gary Akin, Secretary
Frank Enzbrenner, Trustee
Dee Sokolosky, Trustee
A quorum was declared present.
ABSENT
Steve Cataudella, Trustee
Tom Kimball, Trustee
STAFF
Rodney Ray, OEDA Manager Chelsea Harkins, ED Director
Roger Stevens, Public Works Director Juliann Stevens, Minute Clerk
Eric Wiles, Community Development Director
ITEM 2: CONSIDERATION AND APPROPRIATE ACTION RELATING TO A REQUEST
FOR TRUSTEE APPROVAL OF THE OEDA CONSENT AGENDA.
A. Approval of minutes of the April 9, 2009 Regular Meeting
B. Approval of claims in the amount of $2,535.42
C. Acceptance of the monthly financial report
Mr. Enzbrenner moved to approve the consent agenda, seconded by Dr. Spriggs.
AYE: Akin, Enzbrenner, Sokolosky, Spriggs, Charney
NAY: None
ABSTAIN: None
Motion carried 5 -0.
ITEM 3: REPORT FROM COMMUNITY DEVELOPMENT DIRECTOR
Mr. Wiles provided a review of the April building permit report. Mr. Wiles advised
the Planning Commission would not meet in May 2009 and provided information
relating to anticipated Planning Commission items for June 2009.
ITEM 4: REPORT FROM PUBLIC WORKS DIRECTOR
Mr. Stevens reviewed the Projects Status Report and provided an update on the
months rain events and the functionality of recent stormwater improvements.
MEMORANDUM
TO: THE HONORABLE CHAIRMAN AND TRUSTEES
OWASSO ECONOMIC DEVELOPMENT AUTHORITY
FROM: CHELSEA M.E. HARKINS
ECONOMIC DEVELOPMENT DIRECTOR
SUBJECT: CLAIMS, OEDA
DATE: June 11, 2009
No Claims for May 2009.
Owasso Economic Development Authority
Statement of Revenues, Expenses and Changes in Fund Net Assets
For the Month Ending May 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 from general fund
Change in net assets
Total net assets - beginning
Total net assets - ending
MTD
$0.00
1 11
1 11
1 11
1 11
0.00
0.00
0.69
0.00
0.00
0.69
0.69
0.00
0.69
YTD
$0.00
0.00
0.00
0.00
2,535.42
2,535.42
(2,535.42)
13.09
0.00
0.00
13.09
(2,522.33)
2,535.42
Budget
$0.00
0.00
2,000.00
0.00
0.00
2,000.00
(2,000.00)
100.00
0.00
0.00
100.00
(1,900.00)
0.00
13.09
(1,900.00)
9,008.19
9,008.19
$9,021.28
$7,108.19
MEMORANDUM
TO: HONORABLE CHAIR AND TRUSTEES
OWASSO ECONOMIC DEVELOPMENT AUTHORITY
FROM: SHERRY BISHOP
ASSISTANT CITY MANAGER, ADMINISTRATIVE SERVICES
SUBJECT: FISCAL YEAR 2009 -2010 BUDGET
DATE: June 5, 2009
BACKGROUND:
As a Title 60 Public Trust, the OEDA is required to file an annual budget with its beneficiary, the
City of Owasso. The budget or appropriation for a public trust is not a legal restriction on the
expenditure of funds as it is for a municipality.
The proposed budget for the OEDA is attached for your review and discussion only at this time.
Approval of the FY 2010 budget will be on the agenda for the July meeting.
If you have any questions or would like additional information, please call me at 376 -1516.
ATTACHMENT:
OEDA Proposed Budget FY 2009 -2010
Owasso Economic Development Authority
Proposed Budget
FY 2009 -2010
BEGINNING FUND BALANCE (7 -1 -2009)
PROPOSED REVENUE
50- 000 -46100 Interest 100
TOTAL REVENUE 100
PROPOSED EXPENSES
Personal Services -
Materials & Supplies -
Other Services 2,000
Capital Outlay -
Debt Service -
Transfer to City of Owasso, General Fund -
TOTAL EXPENSES 2,000
PROPOSED NET
$ 9,000
(1,900)
PROJECTED ENDING FUND BALANCE (6 -30 -2010) $ 7,100
Owasso Economic Development Authority
Fiscal Year 2009 -2010
Annual Budget
OEDA
Projected
Actual Actual Actual Actual Proposed
Line Item Description 2005 -2006 2006 -2007 2007 -2008 2008 -2009 2009 -2010
Personal Services
"Total Personal Services'
Materials & Supplies
50 -710 52001 Office Supplies
"Total Materials & Supplies*
Other Services & Charges
50 -710 53001 Prof. & Tech. Services
53650 Travel & Training
"Total Other Services & Charges*
Capital Outlay
50 -710 54400 Machinery
*Total Capital Outlay*
2,500
2,000
2,500 - - - 2,000
Debt Service
50 -710 55200 RAN Debt Service -- -
Principal 400,000 400,000 1,203,655
Interest 8,748 7,158 13,364 - -
55600 Other Costs (Letter of Credit) 12,000 - - 2,535 -
*Total Debt Service* 420,748 407,158 1,217,019 2,535 -
Transfers
50 -710 56001 Transfer to City of Owasso
General Fund - 24,690 -
*Total Transfers* - - 24,690 - -
Total OEDA 423,248 407,158 1,241,709 2,535 2,000
CITY OF OWASSO
RESIDENTIAL
LOT INVENTORY STATUS
May 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 (6199)
64
62
2
Broadmoor Heights (10/92)
32
28
4
Camelot Estates (4/07)
139
27
112
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
72
7
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
58
43
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
82
3
Falls at Garrett Creek Amended (12/05)
24
15
9
Honey Creek (4/02)
202
198
4
Keys Landing (3/08)
131
55
76
Lake Valley II (5/07)
118
115
3
Lake Valley III (09/08
131
48
83
Lakes at Bailey Ranch (10/07)
235
74
161
Maple Glen (12/08)
98
7
91
Nottingham Estates IV (8/01)
20
19
1
Nottingham Estates V (3/01)
44
43
1
Preston Lakes (12/00)
272
243
29
Preston Lakes III (10/04)
147
126
21
Remington Park II (11/04)
84
82
2
Sawgrass Park II (04/05)
96
93
3
The Summit at Southern Links (6/97)
31
26
5
Watercolors (12/02)
40
27
13
TOTALS
3035
2270
765
Watercolors (12102)
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 111 (09/08
Lake Valley 11 (5/07)
Keys Landing (3/08)
Honey Creek (4/02)
Falls at Garrett Creek Amended (12105)
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 111 (3199)
Country Estates II (6/97)
Coffee Creek 11 (12/05)
Coffee Creek (04/01)
Champion East (05/08)
Central Park 11 (7/97)
Camelot Estates (4/07)
Broadmoor Heights (10/92)
Brentwood Village (6/99)
Bradfords at Silver Creek (2/98)
Barrington Point 111(8/96)
CITY OF OWASSO
0 50 100 150 200 250 300
O Total Lots ■ Lots Developed
OCCUPANCY PERMITS
NAME ADDRESS STATUS APPLICATION OPENING COMPLETE
DATE DATE
JUNE 2008
Advanced Pools
300 W 2 Ave
New
6/18/2008
6/1812008
Yes
Baja Jack's Burrito Shack
9045 N 121 E Ave #100
New
6/19/2008
7/1/2008
Yes
Mark Young
12899 E 76 St N #113
New
6/26/2008
7/1/2008
Yes
JULY 2008
12334 E 86 St N
New
8/21/2008
10/1312008
Yes
Owasso Sertoma Club
405 W 2 Ave
New
7/9/2008
7/9/2008
Yes
LeeEtta Anderson
12811 E 86 PI N #108
New
7/15/2008
8/1/2008
Yes
Main Street Guns
704-A N Main
New
7/21/2008
8/1/2008
Yes
Verizon Cell Tower
10324 E 116 St N
New
7/23/2008
7/23/2008
Yes
DLSS Systems
11400 N Garnett
New
7124/2008
7/25/2008
Yes
AUGUST 2008
Owasso Public Schools
12901 E 86 St N
New
8/4/2008
8!7/2008
Yes
Dr. Beasley
12455 N 100 E Ave #200
New
8/4/2008
515/2008
Yes
Rejoice Christian School
12200 E 86 St N
New
8/14/2008
8/14/2008
Yes
Classroom Corner, LLC
12334 E 86 St N
New
8/21/2008
10/1312008
Yes
The Velvet Nest, LLC
12899 E 76 St N
New
8/2512008
8/29/2008
Yes
J D Davis
8283 Owasso Exp #F
New
8/27/2008
911/2008
Yes
SEPTEMBER 2008
Alexis Moore
9200 N Garnett
New
9/1/2008
9/1/2008
Yes
Black Beard's Liquor
11560 N 135 E Ave
Location Change
91312008
Yes
Metro Builders Supply
11111 E 116 St N
New
9/15/2008
9/15/2008
Yes
Preston Lakes Apt
14700 E 88 PI N #1
New
9/17/2008
9/17/2008
Yes
Preston Lakes Apt
14700 E 88 PI N #2
New
9/17/2008
9/17/2008
Yes
Preston Lakes Apt
14700 E 88 PI N #3
New
9117/2008
9/17/2008
Yes
Preston Lakes Apt
14700 E 88 PI N #4
New
9/17/2008
9/17/2008
Yes
Preston Lakes Apt
14700 E 88 PI N #5
New
9/17/2008
9/17/2008
Yes
Preston Lakes Apt
14700 E 88 PI N #6
New
9/17/2008
9/17/2008
Yes
Preston Lakes Apt
14700 E 88 PI N #7
New
9/17/2008
9/17/2008
Yes
Preston Lakes Apt
14700 E 88 PI N #8
New
9/17/2008
9/17/2008
Yes
Preston Lakes Apt
14700 E 88 PI N #9
New
9/17/2008
9/17/2008
Yes
Preston Lakes Apt
14700 E 88 PI N #10
New
9117/2008
9/17/2008
Yes
Preston Lakes Apt
14700 E 88 PI N #11
New
9/17/2008
9/17/2008
Yes
Preston Lakes Apt
14700 E 88 PI N #12
New
9/17/2008
9/17/2008
Yes
Preston Lakes Apt
14700 E 88 PI N #13
New
9/17/2008
9/17/2008
Yes
Preston Lakes Apt
14700 E 88 PI N #14
New
9/17/2008
9/17/2008
Yes
Preston Lakes Apt
14700 E 88 PI N #15
New
9/17/2008
9/17/2008
Yes
Preston Lakes Apt
14700 E 88 PI N #16
New
9/17/2008
9/17/2008
Yes
Preston Lakes Apt
14700 E 88 PI N #17
New
9/17/2008
9/17/2008
Yes
Preston Lakes Apt
14700 E 88 PI N #18
New
9/17/2008
9/17/2008
Yes
Preston Lakes Apt
14700 E 88 PI N #19
New
9/17/2008
9/17/2008
Yes
Preston Lakes Apt
14700 E 88 PI N #20
New
9/1712008
9/17/2008
Yes
Preston Lakes Apt
14700 E 88 PI N #21
New
9/17/2008
9/17/2008
Yes
Preston Lakes Apt
14700 E 88 PI N #22
New
9/17/2008
9/17/2008
Yes
Preston Lakes Apt
14700 E 88 PI N #23
New
9/17/2008
9/17/2008
Yes
Preston Lakes Apt
14700 E 88 PI N #24
New
9/17/2008
9/17/2009
Yes
Five Star Auto Sales
11535 N Garnett
New
9129/2008
11/15/2008
No
OCTOBER 2008
Catalyst Gallery, LLC
11230 N Garnett Rd
New
10/6/2008
10/31/2008
Yes
Wings to Go - Owasso
9530 N 129 E Ave
Owner Change
10/20/2008
10/21/2008
Yes
Owasso Service Company
7770 Owasso Exp #100
New
10/30/2008
11/1/2008
Yes
PERMITS APPLIED FOR IN MAY 2009
ADDRESS
BUILDER
ADD /ZONE
VALUE
A.S.F.
PERMIT #
DATE
14903 E 87 St N
Simmons Homes
PL/RS -3
102,360
2196
09- 0501 -X
5/4/2009
15804 E 91 St N
Simmons Homes
PL/RS -3
128,040
2723
09- 0502 -X
5/4/2009
14010 E 101 St N
Simmons Homes
CC/RS -3
128,040
2714
09- 0503 -X
5/4/2009
14004 E 101 St N
Simmons Homes
CC/RS -3
125,520
2672
09- 0504 -X
5/4/2009
9304 N 95 E PI
Providence Builders
LBR/RS -3
130,200
3100
09- 0505 -X
5/4/2009
7006 N 122 E Ct
Denham Homes
KeysLng/RS -3
137,500
2500
09- 0506 -X
5/5/2009
12107 E 70 St N
Denham Homes
KeysLng/RS -3
137,500
2500
09- 0507 -X
5/5/2009
12801 E 69 St N
Denham Homes
KeysLng/R.S -3
137,500
2500
09- 0508 -X
5/5/2009
9502 N 96 E Ave
Boulevard Builders
LBR/RS -3
150,000
3160
09- 0509 -X
5/6/2009
9902 E 93 Ct N
Johnny Miller
FW/R.S -3
10,000
673
09- 0510 -P
5/6/2009
15108 E 108 St N
Simmons Homes
LV/RS -3
85,920
1832
09- 0511 -X
5/7/2009
10729 N 152 E Ave
Simmons Homes
LV/RS -3
76,944
1832
09- 0512 -X
5/7/2009
10701 N 152 E Ave
Simmons Homes
LV/RS -3
84,120
1802
09- 0513 -X
5/7/2009
9302 N 95 E Pl
Westerfield Builders
LBR/RS -3
104,280
2366
09- 0514 -X
5/7/2009
12508 E 84 St N
Granite Pools
EC/RS -3
16,000
390
09- 0515 -P
5/11/2009
14020 E 101 St N
Simmons Homes
CC/RS -3
119,820
2577
09- 0516 -X
5/14/2009
10733 N 154 Ave E
Simmons Homes
LV/RS -3
83,220
1787
09- 0517 -X
5/15/2009
7770 Ow Exp #178
Owasso Land Trust
FCBP /CG
15,000
5400
09- 0518 -C
5/18/2009
12912 E 86 St N #B
Crandall & Assoc
ROC /CS
150,000
9744
09- 0519 -C
5/18/2009
9017 N 156 PI E
Simmons Homes
PL/RS -3
119,820
2577
09- 0520 -X
5/19/2009
10800 E 123 St N
Rausch Coleman
CR/RS -3
90,000
1344
09- 0521 -X
5/19/2009
12317 N 108 E Ave
Rausch Coleman
CR/RS -3
89,000
1717
09- 0522 -X
5/19/2009
10901 E 124 PI N
Rausch Coleman
CR/R.S -3
87,000
1268
09- 0523 -X
5/19/2009
12332 N 108 E Ave
Rausch Coleman
CR/RS -3
91,000
1478
09- 0524 -X
511912009
9600 E 92 PI N
Sherwood Builders
LBR/RS -3
122,000
2830
09- 0525 -X
5/19/2009
9308 N 95 E Pl
Sherwood Builders
LBR/RS -3
115,000
3187
09- 0526 -X
5/19/2009
11089 N 115 E Ave
Simmons Homes
MGRS -3
85,920
1832
09- 0527 -X
5/19/2009
8905 N 140 E Ave
San Juan Pools
WSC/RS -3
23,006
420
09- 0528 -P
5/21/2009
9245 N 144 E Ave
Strategic Builders
CLT/RS -3
108,360
2580
09- 0529 -X
5/26/2009
9502 N 95 Ct E
Shaw Homes
LBR/R.S -3
120,000
2243
09- 0530 -X
5/26/2009
12310 E 79 Ct N
Carr Pools LLC
DO/RS -3
30,195
1196
09- 0531 -P
5/27/2009
14009 E 101 St N
Simmons Homes
CC/RS -3
119,820
2577
09- 0532 -X
5/29/2009
11413 E 110 PIN
Simmons Homes
MG/RS -3
91,620
1927
09- 0533 -X
5/29/2009
27 New Single Family
$2,970,504
61,821 SgFt
2 New Commercial
$165,000
15,144 SgFt
4 Pools
$79,201
2,679 SgFt
33 Total Building Permits
$3,214,705
79,644 SgFt
PROJECTS STATUS REPORT
City of Owasso Public Works Department
As of June 5, 2009
N. 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.
- The contractor has poured all 5 lanes on the North end of the project; as well as
finished sealing and striping the newly installed pavement. The roadway was
traversable during the week of May 25th
- Punch list items will be completed, along with finish grading, sod
installation, and some sidewalk installation by mid -June 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 October of 2009.
- Staff anticipates construction to begin in November 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 phase is
100% complete.
- An advertisement for bids for construction is scheduled to occur in June
2009
Staff anticipates construction to begin in July 2009 and completion by
November 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: June ll, 2009
CORPORATE RELOCATION AND JOB CREATION
Staff has been working with two large aerospace companies on relocating to Owasso.
Discussions are preliminary at present.
Staff has been working with an existing manufacturing company in Owasso about expansion in
2010. The Oklahoma Department of Commerce has been working with this company on
alternative funding mechanism for this expansion. This would add an additional 200 jobs for this
company.
Staff is actively recruiting new tenants for the Business Incubator at Old Central.
RETAIL DEVELOPMENT
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. Tapp Development is in discussions with city
staff about the development timing.
Tapp Development/Wal -Mart Neighborhood Market: Seventy percent of the former Albertsons
grocery store will be a Wal -Mart Neighborhood Market. Tapp Development has a contracted
tenant for the other thirty percent. Tapp has purchased the neighboring 22,000 square foot
Owasso Town Center shopping complex. Wal -Mart Neighborhood Market will open on July 15.
Morrow Place: McDonalds is under construction and planning to open in July.
A fast food chain restaurant will be locating in the former Popeyes Chicken location this fall.
Bill and Ruth's has opened a Main Street location.