Loading...
HomeMy WebLinkAbout1990.10.10_OEDA MinutesL C' MEMORANDUM TO: Owasso Economic Development Authority FROM: Richard Hall, O.E.D.A. Director SUBJECT: Director's Report DATE: October 10, 1990 WOODS PRECISION PRODUCTS PROSPECT The CDBG -EDF grant application that we have been working on for the last three months went to the Owasso City Council on September 18th. I forwarded a preliminary copy to the Oklahoma Department of Commerce on the next day and I talked with a ODOC analyst on the following Monday. Earlier I had been informed by the same analyst that the ODOC would consider the buy out by Jerry Fiddler, I was informed in our conversation that ODOC would not consider the employees now employed at Woods Energy as employees of the new company and therefore the new business would probably be in line to receive $70,000 instead of the $225,000 that we have requested. I have now sent the official copy of the CDBG application to the ODOC as we originally prepared it. I plan to take our State Senator to the ODOC to visit about the eligible employees this week. I feel that the deal is still alive if we receive $70,000 but the new business will have no cushion in case it needs extra capital for diversification or if unforseen problems occur. I received a phone call from Brenda Watkins on October 9th concerning the SBA portion of the deal. She encouraged us to continue the request for the full $225,000 that had been requested in the initial application. She said that the SBA loan had been approved with that CDBG working capital amount. LEADERSHIP OWASSO Susan Young and I have been visiting with state and local experts to invite them to participate in the Leadership Owasso program. We sponsored an area bus trip on Sunday October 7th. The trip took us to the Owasso downtown, the Port of Catoosa, Tulsa International Airport and the Cherokee Industrial Park. We hosted a bar- be -que dinner at the Chamber /OEDA office afterward. The first class was held on October 9th from 3:00 p.m. until 9:00 p.m.. From now on the seminar will meet once a month until June, 1991. Classes will be held from 3 :00 p.m. to 9:00 p.m. on the second Tuesday of each month at the Owasso Community Center, 30 1 A dinner will be catered to the class from a different every month. We have 11 Leadership Owasso students. S. Cedar. restaurant O.E.D.A. Director's Report October 10, 1990 Page 2 CLAIMS FOR RETIREMENT AND SCHOOL I have requested in the warrants list two proposals for your consideration. First, as stated in my employment contract, I have requested $2,000. I have been employed by the OEDA for one year this month. I felt this is a good time to purchase an IRA as specified in my contract. Second, I have submitted for your review the tuition for an economic development seminar that will be held in San Antonio, Texas in November. The course is considered basic and a prerequisite for other more advanced courses that are offered occasionally throughout the country. OCTOBER CALENDAR OF MEETINGS AND EVENTS 1 - Owasso School Board, 7:30 p.m., Ator Elementary, 1500 North Ash. Special Meetings can be called. 2 & 16 - Owasso City Council, 7:00 p.m., Community Center, 301 S. Cedar. Special meetings can be called. 2 & 16 - Owasso Public Works Authority, Community Center, 301 S. Cedar, immediately following city council meetings. 3 - Owasso Chamber of Commerce Board Meeting, 11:00 a.m., Rayola Baptist Retirement Center Craft Room. 3 - Owasso Chamber of Commerce Membership Luncheon, 12:00 p.m., Rayola Baptist Retirement Center Cafeteria. 8 - Grand Opening & Ribbon Cutting Madalan's Hallmark Shop, 11:00 a.m., 12322 E. 86th St. North, Cornerstone Shopping Center. 10 - Owasso Economic Development Authority, 12:00 Noon, O.E.D.A. Conference Room, 315 S Cedar. Special meetings can be called. 12 - Blitz Day, Owasso Chamber of Commerce Annual Membership Drive 14 - Grand Opening & Ribbon Cutting for The Owasso Library, Broadway & Main Street, no definite time yet. 15 - Owasso Chapter Builders Association, 11:45 a.m., Golden Corral Restaurant, 7703 N. Mingo Valley Expressway. 17 - Owasso Ambassadors, 11:30 a.m., Golden Corral Restaurant, 7703 N. Mingo Valley Expressway. 18 - American Airlines Tour, 11:00 a.m., call the Chamber for more information. © O.E.D.A. Director's Report October 10, 1990 Page 3 22 - Murray Womble Company Ribbon Cutting, 8150 N 116th E. Avenue, 10:00. 22 - Pruitt Mini - Storage Ribbon Cutting, 8105 N. 116th E. Ave, 10:30. 22 - Owasso Homebuilders Association Golf Tournament, Rolling Hills Golf Course, 1:00 p.m. 24 - Red Ribbon Rally Day 27 - Owasso Chamber of Commerce Halloween Festivities, old Reasor's Grocery Store, call the Chamber for more information on events and times. 27 - Miss Owasso Scholarship Pageant, 7:30 p.m., Owasso High School Gymnasium, 86th St. North & 129th E. Ave. 31 - Owasso Chamber of Commerce Executive Committee Meeting, 12:00 Noon, Golden Corral Restaurant, 7703 N. Mingo Valley Expressway. 31 - HALLOWEEN, Watch out for our little spooks! Ik