HomeMy WebLinkAbout1998.05.14_OEDA MinutesO OWASSO ECONOMIC DEVELOPMENT AUTHORITY
MINUTES OF REGULAR MEETING
May 14, 1998
67
PRESENT ABSENT
STAFF PRESENT
Frank Enzbrenner Alan Anderson
Rodney Ray
Gary Akin Brenda Lawrence
Robert Tobias
Brian Smith
Sherry Bishop
Tom Kimball
Robert Carr
Mark Wilken (in at 10:45)
Tim Rooney
ITEM 1: CALL TO ORDER
Chairperson Frank Enzbrenner called the meeting to order at 10:10 AM and declared a quorum
present.
ITEM 2: ROLL CALL
ITEM 3: REQUEST APPROVAL OF MINUTES OF APRIL 9,1998 REGULAR
MEETING
Motion was made by Mr. Smith and seconded by Mr. Kimball, to approve the minutes of the April 9,
1998 regular meeting. A vote on the motion was recorded as follows:
Enzbrenner - Yes
Smith - Yes
Akin - Yes
Kimball - Yes
The motion carried 4 - 0.
ITEM 4: REQUEST APPROVAL OF CLAIMS
No Claims.
ITEM 5: PRESENTATION OF FINANCIAL REPORT
A brief report was given by Sherry Bishop.
ITEM. 6: PRESENTATION AND DISCUSSION OF ISSUES RELATING TO
r TRANSPORTATION PROGRAMS.
OWASSO ECONOMIC DEVELOPMENT AUTHORITY
May 14,1998
Page No. 2
Mr. Isaac Akem, INCOG Transportation Planning Manager, provided the board an overview of the
Tulsa region's long -range transportation plan and the importance of the consideration of adding other
regional roadways in the Owasso service area into the plan. He stressed the significance of including
these roadways on the long -range plan to position for future funding consideration. Mr. Akem also
discussed the projects included in the three -year short-range transportation plan, referred to as the
Transportation Improvement Plan, and their respective funding schedules.
ITEM 7: PRESENTATION AND DISCUSSION OF ISSUES RELATING TO
PRECISION COMPONENTS EXPANSION.
There was continued discussion regarding this proposed expansion. In an effort to facilitate the
company's expansion, staff proposed consideration for the acquisition of three residential properties.
The acquisition of these properties would produce the required setback between industrial and
residential land uses. Subsequent to these acquisitions, rezoning of these properties from residential to
industrial would be pursued. It is anticipated that the cost of these acquisitions would be incorporated
into the existing lease of this OEDA -owned facility. The company is also considering the refinancing
of the entire project to encompass the existing lease/financing arrangement, the proposed 10,000
square foot expansion and the cost of acquiring the three residential properties.
ITEM 8: DISCUSSION OF ISSUES RELATING TO RELOCATION OF INDUSTRIAL
PROJECT.
Company officials have requested consideration of a site along 7e Street North. The entire site is a
37 -acre tract, on which 10 -acres would be dedicated for this prospect. The asking price is $7,500 per
acre, however the estimated cost of providing water and wastewater to the site produces a total cost of
approximately $20,000, Comparable sites at Cherokee Industrial Park are $25,000. Company officials
rare r seco in d rme g a site within this industrial park and have requested assistance in assessing the
average wages paid by the major employers at Cherokee such as Whirlpool Corporation. Staff is
working through ODOC to respond to this request.
ITEM 9: CONSIDERATION AND APPROPRIATE ACTION RELATING TO OEDA
RESOLUTION #98 -01. A RESOLUTION REQUESTING CITY COUNCIL
CONSIDERATION OF THE CREATION OF A TAX INCREMENT
FINANCING DISTRICT TO FACILITATE THE REDEVELOPMENT OF
THE DOWNTOWN CORRIDOR.
As additional information was requested by the board, this item was tabled.
ITEM 10: REPORT FROM OEDA MANAGER
CMr. Tobias briefed the Authority on the status of the projects and prospects reported in the monthly
OWASSO ECONOMIC DEVELOPMENT AUTHORITY
May 14, 1998
Page No. 3
report.
ITEM 11: NEW BUSINESS
None.
ITEM 12: ADJOURNMENT
Mr. Smith moved to adjourn, seconded by Mr. Wilken. A vote on the motion was recorded as
follows:
Enzbrenner - Yes
Smith - Yes
Akin - Yes
Kimball - Yes
Wilken - Yes
Motion carried 5 — 0 and the meeting was adjourned at 11:15 AM.
Frank Enzbrenner, Chairperson
6 — //— �
Date Approved