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HomeMy WebLinkAbout2011.01.13_OEDA AgendaRECEIVED !JAN 0 2011 PUBLIC NOTICE OF THE MEETING OF THE City Clerk's OWASSO ECONOMIC DEVELOPMENT AUTHORITY TYPE OF MEETING: Regular FILE COPY DATE: January 13, 2011 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 Tuesday, January 11, 2011. Chelsea M.E. Harkins, E— cbnoml Development Director AGENDA Call to Order Dr. Thomas, 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 December 9, 2010 Regular Meeting. Attachment B. Approval of claims. Attachment C. Acceptance of the monthly financial report. Attachment 3. Report from the Community Development Director Mr. Fritschen Attachment 4. Report from the Public Works Director Mr. Stevens Attachment 5. Report from Economic Development Director Ms. Harkins Attachment 6. Report from OEDA Manager Mr. Ray 7. Report from OE DA Trustees OEDA December 9, 2010 Page 2 8. New Business (New Business is any item of business which could not have been foreseen at the time of posting of the agenda. 9. Adjournment. MEETING OF THE OWASSO ECONOMIC DEVELOPMENT AUTHORITY MINUTES OF MEETING Thursday, December 9, 2010 The Owasso Economic Development Authority met in regular session on Thursday, December 9, 2010 in the Lower Level Conference Room at City Hall per the Notice of Public Meeting and Agenda posted on the City Hall bulletin board at 5:00 PM on Tuesday, December 7, 2010. ITEM 1: CALL TO ORDER & ROLL CALL Chairman Thomas called the meeting to order at 10:01 AM. PRESENT Dirk Thomas, Chairman Dee Sokolosky, Vice Chairman Gary Akin, Secretary David Charney, Trustee - arrived at 10:07am Bryan Spriggs, Trustee Frank Enzbrenner, Trustee Steve Cataudella, Trustee - arrived at 10:10am A quorum was declared present. ABSENT STAFF Rodney Ray, OEDA Manager; Chelsea Harkins, Economic Development; Brian Dempster, Community Development; Roger Stevens, Public Works; Klan Kamas, 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 November 11, 2010 Regular Meeting B. Approval of claims C. Acceptance of the monthly financial report Mr. Spriggs moved to approve the consent agenda, seconded by Mr. Akin. AYE: Spriggs, Thomas, Akin, Enzbrenner, Sokolosky NAY: None ABSTAIN: Motion carried 5 -0. ITEM 3: REPORT FROM THE COMMUNITY DEVELOPMENT DIRECTOR Mr. Dempster presented the November Building Permit Report, ITEM 4: REPORT FROM PUBLIC WORKS DIRECTOR Mr. Stevens reviewed the status of various Public Works Department projects. ITEM 5: REPORT FROM ECONOMIC DEVELOPMENT DIRECTOR Ms. Harkins reviewed the Director's Report and discussed the Buy Owasso campaign. ITEM 6: REPORT FROM OEDA MANAGER No Report, ITEM 7: REPORT FROM OEDA TRUSTEES No Report. December 9, 2010 ITEM 8: NEW BUSINESS None. ITEM 9: ADJOURNMENT Motion made by Mr. Cataudella, seconded by Mr. Spriggs, to adjourn the meeting. AYE: Spriggs, Thomas, Akin, Charney, Enzbrenner, Cataudella, Sokolosky NAY: None ABSTAIN: Motion carried 7 -0, At 11:15 AM, the meeting was adjourned. Juliann Stevens, Minute Clerk -2- Owasso Economic Development Authority Statement of Revenues, Expenses and Changes in Fund Net Assets For the Month Ending December 31, 2010 Operating Revenues Operating Expenses: Materials & supplies Services & other charges Capital outlay 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 5,000.00 0.00 0.00 0.00 0.00 0.00 5,000.00 0.00 0.00 (5,000.00) 0.69 4.10 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.69 4.10 0.00 0.69 4.10 (5,000.00) 0.00 0.00 0.00 0.69 4.10 (5,000.00) 9,030.07 9,030.07 $9,034.17 $4,030.07 (ro> The City Wit out Limits. TO: THE HONORABLE CHAIRMAN AND TRUSTEES OWASSO ECONOMIC DEVELOPMENT AUTHORITY FROM: CHELSEA M.E. HARKINS ECONOMIC DEVELOPMENT DIRECTOR SUBJECT: CLAIMS, OEDA DATE: January 13, 2011 No Claims for December 2010. RESIDENTIAL NEW CONSTRUCTION MONTH END REPORT DECEMBER 2010 Month 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 1 January 20 23 64 54 30 31 22 13 25 15 17 2 Febr,Uory 26 :44.- '10* 41 50'. 52 41 .14: 1 23.* 29 3 March 24 48 51 38 75 65 50 25 35 30 46 4 April 61.. '86 51 35 _471: 63- 52 30 31 36 31 5 May 42 26 38 29 31 43 36 60 23 27 30 6 June 30 34 51 33 53 2009 2010 27 21 84 23 7 July 33 37 44 32 34 27 12 . 23 24 28 17 8 August :38. 81: 33 31 36- .45 28 27 .18 19 9 September 29 29 30 52 64 35 12 17 40 20 11 io 0.c*t6ber ;36. .3I. 31 48 42 36 25 31 15 36 1 11 November 18 24 26 35 31 32 13 26 10 13 1 12 December -W 29 35 51. 35 5.3 .16 8 6 13 9. Tofals 377 406 524 479 528 518 336 301 267 303 246 YTD 377 406 524 479 528 518 336 301 267 303 246 DECEMBER YEAR-TO-DATE COUNT 600 - 500 ------------------ .... • ---- ................... ......................... 400 ---------- ..... .... .•••. .... ........ ......... ........................ 300 .... ..... 200 ----- ---- ..... ---- .... .... ..... NO. 0 100 ---- ..... .... ..... r .... ..... t2008 0 2005 2000 2001 2002 2003 2004 2006 1 2007 2009 2010 DECEMBER 377 406 1 524 479 528 518 336 301 267 303 246 40,000,000 - -DECEMBER YEAR-TO-DATE DOLLARS 35,000,000 ---- ............•....••.••... ..................... --------- .......... ..... 30,000,000 .... .......... lifl-m-NE" ............................. - .......... ..... 25,000,000 ----- .......... .......... .......... .......... 20,000,000 ----- 1 ••.• ...... .••.• ..••. .......... .......... ..... 15,000,000 ..... ---------- ---------- I .......... ......... 10,000,000 ----- •. .... .......... .......... •••••..... .... 5,000,00 0 ----- .......... .......... .......... .......... ..... 2006 2007 2008 2009 010 2010 [DE3 :C::E:M:B�E:R: 36,120,105 32,720,596 27,364,316 34,767,829 34,805,960 ,!2 TOTAL NEW CONSTRUCTION DOLLARS FOR EACH YEAR 45,000,000 30,000,000 .... ..... ........................... . - ---------- 15,000,000 ..... ------- ........... - -------- ­ - 0 f ..... ..... - _j - 2006 2007 2008 2009 2010 36,120,105 t 32,720,596 1 27,364,31 6 34,767,829 14 34,805,960 CITY OF OWASSO RESIDENTIAL LOT INVENTORY STATUS December 31, 2010 SUBDIVISION # OF LOTS # DEVELOPED # AVAILABLE Burberry Place (6/09) 89 20 69 Camelot Estates (4/07) 139 43 96 Champions East (05/08) 66 4 62 Country Estates III (3/99) 61 58 3 Country Estates VI (11/03) 37 36 1 Crescent Ridge (02/08) 101 83 18 Fairways V (8/99) 71 57 14 Fairways VI (12/00) 42 40 2 Falls at Garrett Creek (12/05) 85 84 1 Falls at Garrett Creek Amended (12/05) 24 21 3 Honey Creek (4/02) 202 198 4 Keys Landing (3/08) 131 86 45 Lake Valley III (09/08 131 125 6 Lake Valley IV (5/2010) 114 25 89 Lakes at Bailey Ranch (10/07) 235 133 102 Maple Glen (12/08) 98 91 7 Nottingham Estates IV (8/01) 20 17 3 Nottingham Estates V (3/01) 44 43 1 Nottingham Hill (6/09) 58 6 52 Preston Lakes (12/00) 272 243 29 Preston Lakes III (10/04) 147 141 6 Remington Park II (11/04) 84 82 2 Sawgrass Park II (04/05) 96 94 2 The Summit at Southern Links (6/97) 31 26 5 Watercolours (12/02) 40 31 9 TOTALS 2418 1787 631 Watercolours (12/0; The Summit at Southern Lin) (6/97) Sawgrass Park II (04 10 Remington Park 11 (1110• Preston Lakes 111 (1010, Preston Lakes (12/0( Nottingham Hill (6/OS Nottingham Estates V (3/01 Nottingham Estates IV (8/01 Maple Glen (12108 Lakes at Bailey Rench (10/07 Lake Valley IV (5/2010 Lake Valley III (09/0! Keys Landing (3108, Honey Creek (4/02; Falls at Garrett Creek Amended (12/05) Falls at Garrett Creek (12/05) Fairways VI (12100) Fairways V (8/99) Crescent Ridge (02/08) Country Estates VI (11/03) Country Estates 111 (3/99) Champions East (05/08) Camelot Estates (4/07) Burberry Place (6/09) CITY OF OWASSO 0 50 100 150 200 250 300 E3 Total Lots ®Lots Developed COMMERCIAL NEW CONSTRUCTION MONTH END REPORT DECEMBER 2010 Month 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 1 January 3 0 0 0 1 2 9 4 4 1 1 2 ry :...._1. 12 :> L# .' I.. `i. . 3 March ... ... ... ... ... ... ... 0 _.3. 1 2. 14 2 .:. 0 W. �... 3 4 April ,> 1 1 1 3 4 't:.:.....s:: ... 1 5 May 2 2 4 1 �. 3 2 1 .2 ,:: tI 6 20,000,000 Hill H . . :i:L ^i f:• f: v' iy�: ' +:1,.hii? r: 7 July 7. 0 1 0 0 0 0 0 1 0 0:::, 8 Augusf 4` '''•s i::i�i 3:: /! : >�+ O 9 Septemb+ 2 0 2 2 1 2 1 28 3 0 0 10 L7Gto{�eF 14 4. 8 2000 2001 2002 2003 1 1 Novembe 6 5 1 1 3 0 1 1 l 2 2 12 23 43 48 20 9 10 Totals 52 27 23 12 23 ti 23, 43 48. 20 9 10 YTD 52 27 23 12 23 23 43 48 20 9 10 50,000,000 DECEMBER YEAR -TO -DATE COUNT 60 50 40,000,000 :> 30 ... ... ... ... ... ... ... ... r.r: . ... ... ... ... .. 20 30,000,000 't:.:.....s:: ... ... ... ... .. . ?< ''•�^kr- 1 0 >h :ice ✓.. >� 20,000,000 Hill H . . :i:L ^i f:• f: v' iy�: ' +:1,.hii? r: fi 10,000,000 ny fi.: '''•s i::i�i •ii:i;{ir'i..• /J.i:4i' /! : >�+ O f.J ..r ,.�+ •:. ::..?ibis ,,:r.. 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 3ER 52 27 23 12 23 23 43 48 20 9 10 50,000,000 DECEMBER YEAR-TO-DATE DOLLARS 40,000,000 30,000,000 't:.:.....s:: ... ... ... ... .. . ?< ''•�^kr- >h :ice ✓.. >� 20,000,000 •:Y�,: < >; >;;:.r . ?:. } • ... . . :i:L ^i f:• f: iy�: ' +:1,.hii? r: 10,000,000 ny fi.: ij' i::i�i •ii:i;{ir'i..• /J.i:4i' /! : >�+ f.J ..r ,.�+ •:. ::..?ibis ,,:r.. 2006 2007 2008 2009 2010 DECEMBER 42,558,909 44,833,444 20,771,125 12,830,700 45,670,347 DECEMBER 2010 OPENING OCCUPANCY PERMITS NAME ADDRESS STATUS APPLICATION Yes 1/6/2010 Yes DATE JANUARY 2010 21412010 Yes 2/17/2010 Ow Track/Soccer Bldg 12901 E 86 St N New 1/1/2710 Church's 11618 E 86 St N New 1/6/2010 Larry C. Sang, Jr 12899 E 76 St N New 1/28/2010 FEBRUARY 2010 611/2010 Yes 5/1/2010 Oklahoma Heart Institute 10512 N 110 E Ave #140 New 214/2010 Hope Hospice LLC 8291 N Owasso Exp New 2/17/2010 Ruby Tuesday 11909 E 96 St N New 2/112010 MARCH 2010 7/1212010 Yes 7/15/2010 Crash Course 204 E 5 Ave New 3/1/2010 Marriott Townplace 9355 Owasso Exp New 3/12/2010 Statewide Title & Escrow 12899 E 76 St N #116 New 3/25/2010 APRIL 2010 10/4/2010 Yes 10/21/2010 Terri A. Richison 11230 N Garnett Road New 4115/2010 Aaron's Rental 8705 N 117 E Ave New 4/23/2010 A J Medical 202 E 2 Ave New 4128/2010 Owasso Tumbling & Cheer 507 E 2 Ave New 4/29/2010 MAY 2010 Bloomingdeals LLC 11612 E 86 St N New 5/19/2010 Asiana Express 11560 N 135th E ave New 5/27/2010 JUNE 2010 Qwik Fix LLC 8703 N Owasso Exp #N Location Change 6/2/2010 Fieldhouse of Tulsa LLC 104 E 2nd Ave New 6/14/2010 Miller EMS LLC 10314 N 138 E Ave #101 New 6/18/2010 JULY 2010 L. A. Images 8361 N Owasso Exp New 7/2/2010 GNC 9046 N 121 E Ave #350 New 7/12/2010 Family Video Movie Club 14499 E 86 St N New 7/15/2010 China Wok 8521 N 129 E Ave New 7/23/2010 AUGUST 2010 Mocha- Licious 12550 E 86 St N New 8/16/2010 Cherry Berry 9046 N 121 E Ave #300 New 8/19/2010 SEPTEMBER 2010 Jing Tao 12300 E 86 St N New 9123/2010 Orange Leaf 12910 E 86 st N New 9/23/2010 Halloween Express 9018 N 121 E Ave #300 New 9/5/2010 OCTOBER 2010 Sprouts Playcafe 8787 N Owasso Exp #K New 10/5/2010 CVS Pharmacy 12902 E 96 St N New 10/21/2010 Owasso Land Trust #106 9540 N Garnett New 1011112010 NOVEMBER 2010 QuikTrip #022 12902 E 86 St N New 11/11/2010 Don Wilson (Sims BBQ) 12416 E 86 St N New 11/17/2010 OK Mattress Ventures 9045 N 121 E Ave #1500 New 11/23/2010 DECEMBER 2010 OPENING COMPLETE DATE 1/1/2710 Yes 1/6/2010 Yes 2/112010 Yes 21412010 Yes 2/17/2010 Yes 2/28/2010 Yes 3/1/2010 Yes 3/15/2010 Yes 4/1/2010 Yes 5/112010 No 4/26/2010 Yes 611/2010 Yes 5/1/2010 Yes 6/1/2010 Yes 5/27/2010 Yes 6/1412010 Yes 6/28/2010 Yes 7/19/2010 Yes Yes 7/1212010 Yes 7/15/2010 Yes 7/23/2010 Yes 8/3 012 01 0 Yes 8/19/2010 Yes 9/23/2010 No 9/23/2010 Yes 9/2/2010 Yes 10/4/2010 Yes 10/21/2010 Yes 10/11/2010 Yes 11/11/2010 Yes 11/30/2010 Yes 11/23/2010 Yes PERMITS APPLIED FOR IN DECEMBER 2010 ADDRESS BUILDER ADD /ZONE VALUE A.S.F. PERMIT # DATE 15200 E 109 Pl N Capital Homes LV/RS -3 120,600 2165 10- 1201 -X 12/7/2010 9540 N Garnett #110 Stava Building Corp Caudle Center 73,000 1500 10- 1202 -C 12/7/2010 10401 N 115 E Ave Ward Co, Inc SGP /RS -3 7,000 448 10- 1203 -X 12/7/2010 12601 E 86 St N Claude Neon Food Lion 3,000 192 10- 1204 -S 12/7/2010 12912 E 86 St N #C Global Sign Solutions ROC /CS 4,500 68 10- 1205 -S 12/8/2010 7010 N 120 E Ave Smalygo Properties KeysLng/RS -3 200,000 2300 10- 1206 -X 12/8/2010 10913 N 154 E Ave Simmons Homes LV /RS -3 91,620 1927 10- 1207 -X 12/8/2010 14713 E 110 Cr N Simmons Homes LV /RS -3 91,320 1922 10- 1208 -X 12/8/2010 9205 N 95 E PI Terry Davis Homes LBR/RS -3 150,000 2431 10- 1209 -X 12/14/2010 10865 N 154 E Ave Simmons Homes LV /RS -3 85,920 1432 10- 1210 -X 12/17/2010 10547 N 120 E Ave Simmons Homes BBP /RS -3 130,200 2750 10- 1211 -X. 12/21/2010 1301 N Main Holloway's Construction TBP /CG 300,000 9859 10- 1212 -C 12/21/2010 7703 N Owasso Exp Oil Capital Neon GC /CS 7,000 54 10- 1213 -S 12/22/2010 15113 E 109 St N Simmons Homes LV /RS -3 90,720 1912 10- 1214 -X 12/23/2010 10701 N 153 E Ave Simmons Homes LV /RS -3 91,320 1922 10- 1215 -X 12/23/2010 12418 E 86 St N Rainbow Signs ECC /CS 2,000 1 22 10- 1216 -S 12/23/2010 9 Single Family $1,051,700 18,761 SgFt 1 Accessory 7,000 448 SgFt 1 New Commercial 300,000 9,859 SgFt 1 Commercial Remodel 73,000 1,500 SgFt 4 Signs 16,500 336 SgFt 16 Building Permits $1,448,200 30,904 SgFt PROJECT STATUS REPORT City of Owasso Public Works Department As of January 7, 2011 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. - The Environmental Assessment was approved by ODOT in December 2008 and by the Federal Highway Department in February 2009. - PSO and ONG are approximately 60% complete with their utility relocations, with completion scheduled to occur in February 2011. - Construction is expected to begin in May 2011. 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. Engineering Design is 95% complete. - In July 2010, ODOT approved right -of -way acquisition documents. Staff continues negotiations with the remaining three property owners. Although agreements have not been finalized, staff anticipates obtaining the remaining right of way and easements in the near future. Soon to follow will be utility relocations. Staff anticipates this work will be complete by June of next year. - Construction is expected to begin in July of next year and completed by June 2012, East 96 Street North Recaional Detention (Phase II and III - Detention Facility/ Garnett Structure Modifications) - In March 2009, the engineering design was completed by Meshak and Associates, - City Council awarded a construction contract to Cherokee Builders in the amount of $1,525,006 at the December 1, 2009 City Council meeting and construction began January 11, 2010. - The construction phase of the project is complete and the contractor will be maintaining the site until spring of 2011 at which time the final plantings will be available and installed. This project will be completed within the scheduled budget, Wastewater Treatment Plant and 117th Street Lift Station Upgrade - In September 2008, the engineering design was completed by Greeley and Hansen. - OPWA Trustees awarded a construction contract to BRB Contractors in the amount of $8,465,500 during the December 1, 2009 OPWA meeting and BRB contractors began mobilizing equipment in February. - The contractor is still operating a very fast pace and the 117th Street Lift Station is being rehabilitated with entirely new mechanical equipment ranging from piping to new pumps. The completion of the pump station will be the final of the major shut downs and critical tie -ins. - The new Relief Pump Station at the main plant was finalized and operational prior to the year -end deadline placed on the contractor by city staff and completed well before the February deadline per the existing consent order from ODES. East 76th Street North Sanitary Sewer Interceptor - In March 2009, the engineering design was completed by Greeley and Hansen. - The Environmental Process was completed in May 2009. - OPWA Trustees awarded a construction contract to Paragon Contractors in the amount of $4,111,299 during the December 1, 2009 OPWA meeting and Paragon contractors mobilized to the site on January 26, 2010. Phase I is on schedule for Completion (North 143rd East Avenue to North 177th East Avenue) by January 2011; and Phase II Completion (North 177th East Avenue to North 193rd East Avenue) by August 2011. The bore under 177th east Avenue is complete and the contractor is scheduled to start installing the casing this week. Paragon Contractors has installed just under 19,000 linear feet of sewer line and 57 manholes. Currently, the project is minimally behind schedule due to site conditions; however the contractor is making up time on a daily basis. This project is scheduled to be complete by July of this year and is projected to come in at or under budget. Santa Fe Lift Station and Force Main Improvements - In February 2010, the City Council awarded an engineering agreement in the amount of $145,874 to Greely and Hansen Engineering. - Engineering design is ongoing. The design was scheduled for completion complete this month, however, additional review comments provided by ODEQ has resulted in some additional design work to be completed and submitted. The consultant anticipates final design of the plans and specs to be complete and ready for ODEQ review by February of next year. - Staff anticipates construction to begin in June 2011 with final completion scheduled for February 2012. Meadowcrest Relief Line Improvements - In March 2010, the City Council awarded an engineering agreement in the amount of $38,370 to Kellogg Engineering. - ODEQ has approved the design and issued a permit to construct. - Utility easement negotiations are near completion. Currently, 9 out of the 10 parcels have been obtained. Staff anticipates the remaining parcel will be obtained by the end of this month. - The bidding process commenced in early December and bids received will be presented to the City Council during the January worksession, followed by a request for action to award the construction contract during the January 18th meeting. - Staff anticipates construction to begin in February with final completion scheduled for July 2011. Rayola Park Enhancements - The Rayola Park Project was advertised for re -bid and the bid opening occurred on November 18, 2010. - The contract was awarded to Tri -Star Construction in the amount of 357,279.05 during the December 21, 2010 City Council meeting. - Staff is scheduling a pre -work meeting to be held within the next two weeks and anticipates construction to begin in February with final completion scheduled for May 2011. Improvement /Repair Project (FY 2009 -2010) - On July 20, 2010, the City Council approved the street repair priorities for FY 2010. - At the September 7, 2010 City Council meeting, the project was awarded to Tri -Star Construction in the amount of $250,610. - All repair work has been completed and the overlay portion on 126th East Ave. and at the intersection of West 10th and Main St is complete. - City staff is scheduling the overlay portion of this project at German Corner with Tulsa County and anticipates quick completion once the weather allows for the production and installation of the asphalt paving. T ity Wit out Lit-nits. TO: THE HONORABLE CHAIR AND TRUSTEES OWASSO ECONOMIC DEVELOPMENT AUTHORITY FROM: CHELSEA M.E. HARKINS DIRECTOR OF ECONOMIC DEVELOPMENT SUBJECT: DIRECTOR'S REPORT DATE: January 13, 2011 RETAIL DEVELOPMENT UPDATE • Joe's Italian Grill has opened in the City Place center on 129th E. Ave. in the former Alabaster Grille location. • Anytime Fitness opened in the Owasso Town Center at 12912 E. 86th Street N. next to Tuesday Morning. They offer 24 hours, seven days a week service. • Fieldhouse Gym has opened at the southeast corner of 76th Street and Main Street. They also offer 24 hours, seven days a week service. • Burger Street has closed in Smith Farm Market Place. Price Edwards, the leasing agent advised the city there is a prospective tenant for that location. • There have been rumors circulating about the closing of this restaurant as well as a few other retail tenants located in Smith Farm Market. Price Edwards informed the city Burger Street is the only closing for the center. Businesses in Smith Farm and other centers in town have commented the holiday shopping season was up significantly from the past two years. BUSINESS DEVELOPMENT UPDATE • Swanson Rink, a Denver -based mechanical and electrical engineering firm has opened at 10306 N. 138th E. Ave. The firm's work includes design of Tulsa's Cherokee Data Center and engineering services for baggage handling at Will Rogers World Airport in Oklahoma City. HEALTHCARE DEVELOPMENT UPDATE • Keith Mason has been named Chief Executive Officer (CEO) of Bailey Medical Center. Mason joined the Owasso hospital as Chief Nursing Officer (CNO) and Chief Operating Officer (COO) in 2008 and has served as interim CEO since January of this year. Mason brings more than 25 years of healthcare experience to his appointment. EVENTS The third annual Owasso Economic Summit is scheduled for Friday, February 25, 2011. The event plans to forecast areas of business in finance, construction and building, aviation /aerospace and healthcare. Local businesses will also receive relative information about how to "go green" and become more sustainable. Dr. Russell Evans from the Oklahoma State University Spears School of Business will return to deliver the 2011 Owasso Economic Forecast. The Owasso Economic Summit will begin at 10:00 AM and conclude following lunch at 1:00 PM. It will be held at the Bailey Educational Foundation located in the Bailey Medical Center.