HomeMy WebLinkAbout2001.10.11_OEDA MinutesC.
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OWASSO ECONOMIC DEVELOPMENT AUTHORITY
MINUTES REGULAR MEETING
THURSDAY, OCTOBER 11, 2001
City Hall Conference Room 10 a.m.
ITEM 1: CALL TO ORDER AND ROLL CALL
Chairman Dee Sokolosky called the meeting to order at 10:00 a.m. and roll call was taken as
follows:
TRUSTEES PRESENT
Dee Sokolosky (out 11:20)
Gary Akin
Frank Enzbrenner
Brenda Lawrence
Brian Smith (out 11:25)
Tom Kimball (in 11:25)
TRUSTEES ABSENT
Will Williams
STAFF PRESENT
Larry Mitchell
Stan Ewing
Ron Cates
Mary Jo Griffin
ITEM 2: REQUEST APPROVAL OF MINUTES OF THE SEPTEMBER 20, 2001
SPECIAL METING.
Recognizing a typo in the minutes, Mr. Enzbrenner moved to approve the corrected minutes of
the September 20, 2001. Ms. Lawrence seconded and the motion carried 5 -0.
AYE: Enzbrenner, Lawrence, Akin, Sokolosky, Smith
NAY: none
ITEM 3: REQUEST APPROVAL OF CLAIMS
The final invoice for Alaback Design Associates was presented to the board for their approval
for payment in the amount of $2,427.00.
Mr. Enzbrenner motioned to approve claim as presented. Mr. Smith seconded and the motion
carried 5 -0.
AYE: Enzbrenner, Smith, Akin, Lawrence, Sokolosky
NAY:
ITEM 4: PRESENTATION OF FINANCIAL REPORTS FOR PERIOD ENDING
SEPTEMBER 30, 2001
Ms. Bishop was not present. There were no questions.
Owasso Economic Development Authority
Minutes of October 11, 2001 Meeting
Page 2
kw ITEM 5: PRESENTATION BY LEGAL COUNSEL ON ESTABLISHING A TAX
INCREMENT FINANCING DISTRICT WITHIN THE DOWNTOWN
DEVELOPMENT DISTRICT.
Mr. Cates gave a brief overview of the Oklahoma Local Development Act and its governance
over Tax Increment Finance Districts in the allowance of tax incentives within specifically
designated areas. Mr. Cates also explained the "but for" clause, which simply means that the
property would not likely be used for private development but for the use of special incentives.
The increment can be either in Sales Tax or Property Tax, depending on the situation.
Mr. Cates also gave a brief history of his experience in setting up a district in Sand Springs and
provided insight into how they set their program up.
In addition to explaining the law and what it allows for, Mr. Cates described the initial steps that
need to be taken in order to implement a Tax Increment Finance District. These included:
1) Formulate Policy
a) Determine how much private capital would be required in order to
utilize.
b) Determine amount of public money would be involved.
c) Determine what money will be used for.
2) OEDA recommends policy statement to Council
3) Form TIF review committee to include all tax recipients i.e., school board,
county, etc. in order to examine submitted proposals to insure they are
consistent with policy and are feasible.
Because such an undertaking is ordinance driven, any recommendation brought before the
council must be addressed in two public hearings before approving in ordinance form. One of
the key factors in creating a Tax Increment Finance District is to `sell' the concept to the entities
that would be recipients of any increased revenue for a designated period of time. They would
not be giving up anything now and only a portion of any future increases.
ITEM 6: DISCUSSION OF LEGAL NON - CONFORMING USES
Mr. Ewing gave a briefing on the background issues regarding zoning issues within the
Downtown Development Project Area and the concern over changing zones now or later. It was
suggested that a plan be put in place for addressing current zoning and to address zoning changes
when a business or resident moves out. This will be a work in progress as time goes by.
Owasso Economic Development Authority
Minutes of October 11, 2001 Meeting
Page 3
ITEM 7: DISCUSSION AND APPROPRIATE ACTION TO DETERMINE OEDA'S
RECOMMENDATIONS FOR RESOURCE ALLOCATION OF POSSIBLE
HOTEL /MOTEL TAX FOR FUTURE CONSIDERATION BY THE
CITIZENS OF OWASSO.
Mr. Ewing began the discussion by indicating a vote could coincide with the next Council
Elections scheduled for March 2002. Mr. Sokolosky requested that a draft ordinance be prepared
and presented at the next meeting for review and recommendation to the City Council.
At this time Chairman Sokolosky dismissed himself from the meeting and turned it over to the
Vice Chair Mr. Enzbrenner.
ITEM 8: UPDATE REGARDING THE FINALIZATION OF DOWNTOWN
DEVELOPMENT PLAN AND IMPLEMENTATION STRATEGY BOOKS
AND POPULAR BROCHURE.
Mr. Ewing stated that all items have been received from Alaback and Associates in regards to the
Downtown Development Project. Staff is now proceeding with the printing of additional plan
books as well as a tri-fold map to market the Downtown area and plan. A proof of the map will
be provided to the board for their approval before being sent to the printers.
ITEM 9: UPDATE AND DISCUSSION OF DOWNTOWN IMPLEMENTATION
WORK ITEMS
Mr. Ewing stated that staff has completed the CDBG Grant items and sidewalks are being
constructed. He also mentioned that he was working on a grant application for enhancement
funds for streetscape improvements along 76th Street North.
ITEM 10: REPORT FROM ECONOMIC DEVELOPMENT DIRECTOR
Mr. Ewing went over the handouts provided to the board members, which included
miscellaneous information relating to economic developments within other parts of the state. He
also mentioned that work has begun to update the existing OEDA Map. A draft revision should
be completed by the beginning of the year.
ITEM 11: REPORT FROM OEDA MANAGER
Mr. Mitchell noted that the 66th Street North west side has been permanently closed. He also
informed the board that the YMCA Feasibility study has been completed and will be presented to
the City Council in November and that after the 18th more will be known in regards to the scope
of the Hwy 169 & 76 th St. intersection project
Owasso Economic Development Authority
Minutes of October 11, 2001 Meeting
Page 4
ITEM 12: NEW BUSINESS
Mr. Akin took this time to brief the board on a meeting he had attended where it was indicated
that the four -laning of Highway 20 has been pushed back. He suggested that interested parties
may want to take action such as writing letters to ensure the project is not postponed and further
and to request it possibly be pushed ahead.
ITEM 13: ADJOURNMENT
Ms. Lawrence moved to adjourn. Mr. Kimball seconded and the motion carried 4 -0. The
meeting adjourned at 11:40 a.m.
Aye: Lawrence, Kimball, Enzbrenner, Akin
Nay: none
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Date Approved
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Dee Sokolosky, Ch ' erson