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HomeMy WebLinkAbout2011.07.14_OEDA AgendaPUBLIC NOTICE OF THE MEETING OF THE OWASSO ECONOMIC DEVELOPMENT AUTHORITY TYPE OF MEETING: Regular FILE COPY DATE: July 14, 2011 TIME: 10:00 a.m. PLACE: Owasso City Hall, Lower Level Conrerence 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, July 11, 2011. QAt, 44 (2 9 Chelsea M.E. Harkins, E ono is Development Director AGENDA 1. Call to Order Mr. Sokolosky, 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 June 2, 2011 Special Meeting. Attachment B. Approval of claims. Attachment C. Acceptance of the monthly financial report. 3. Report from the Community Development Director Mr. Fritschen 4. Report from the Public Works Director Mr. Stevens S. Report from Economic Development Director Ms. Harkins 6. Report from OEDA Manager Mr. Ray 7. Report from OEDA Trustees 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, June 2, 2011 The Owasso Economic Development Authority met in special session on Thursday, June 2, 2011 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 Friday, May 27, 2011. ITEM 1: CALL TO ORDER & ROLL CALL Vice Chairman Sokolosky called the meeting to order at 10:00 AM. PRESENT Dirk Thomas, Chairman (arrived at 10:03) Dee Sokolosky, Vice Chairman Gary Akin, Secretary Bryan Spriggs, Trustee Steve Cataudella, Trustee Frank Enzbrenner, Trustee A quorum was declared present. ABSENT David Charney, Trustee ITEM 2: ELECTION OF CHAIRMAN Mr. Cataudella moved, seconded by Mr. Enzbrenner, to nominate Dee Sokolosky as Chairman. AYE: Spriggs, Sokolosky, Akin, Enzbrenner, Cataudella NAY: None ABSTAIN: None Motion carried 5 -0. ITEM 3: ELECTION OF VICE CHAIRMAN Mr. Spriggs moved, seconded by Mr. Cataudella, to nominate Frank Enzbrenner as Vice Chairman, AYE: Spriggs, Sokolosky, Akin, Enzbrenner, Cataudella NAY: None ABSTAIN: None Motion carried 5 -0. ITEM 4: ELECTION OF SECRETARY Mr. Cataudella moved, seconded by Mr. Spriggs, to nominate Gary Akin as Secretary. AYE: Spriggs, Sokolosky, Akin, Enzbrenner, Cataudella NAY: None ABSTAIN: None Motion carried 5 -0, June 2, 2011 ITEM 5: CONSIDERATION AND APPROPRIATE ACTION RELATING TO A REQUEST FOR TRUSTEE APPROVAL OF THE OEDA CONSENT AGENDA A. Approval of minutes of the May 12, 2011 Regular Meeting B. Approval of claims C. Acceptance of the monthly financial report Mr. Cataudella moved to approve the consent agenda, seconded by Mr. Spriggs. AYE: Spriggs, Thomas, Sokolosky, Akin, Enzbrenner, Cataudella NAY: None ABSTAIN: Motion carried 6 -0. ITEM 6: CONSIDERATION AND APPROPRIATE ACTION RELATING TO A REQUEST FOR TRUSTEE APPROVAL OF _RESOLUTION NO. 2011 -01, ADOPTING THE FY 2011 -2012 ANNUAL OPERATING BUDGET Mr. Enzbrenner requested that Item 7 be discussed and voted upon prior to Item 6. After no objections were made, Mr. Sokolosky proceeded to Item 7. Following Item 7, discussion was held, Mr. Thomas moved to approve Resolution No. 2011 -01, seconded by Mr. Cataudella, AYE: Spriggs, Thomas, Sokolosky, Akin, Cataudella NAY: Enzbrenner ABSTAIN: Motion carried 5 -1. ITEM 7: CONSIDERATION AND APPROPRIATE ACTION RELATING TO A RECOMMENDATION TO THE OWASSO CITY COUNCIL REGARDING THE HOTEL TAX FUND BUDGET Discussion was held relating to the proposed FY 2011- 2012 Hotel Tax Fund Budget. Mr. Sokolosky proposed that the OEDA Trustees make the following recommendation to the Owasso City Council regarding the Hotel Tax Fund Budget: Approval of the FY 2012 Hotel Tax Fund Budget, excluding expenditures in the amount of $17,800 for Independence Day Fireworks, and adding expenditures in the amount of $15,000 for the renewal of the Tulsa's Future II Contract, Mr. Spriggs moved to approve Mr, Sokolosky's proposed recommendation, seconded by Mr, Thomas. AYE: Spriggs, Thomas, Sokolosky, Akin, Cataudella NAY: Enzbrenner ABSTAIN: Motion carried 5 -1. ITEM 8: DEMONSTRATION OF THE NEW CITY GEOGRAPHIC INFORMATION SYSTEM (GIS) PUBLIC VIEWER Ms, Teresa Willson provided a demonstration of the GIS Public Viewer, ITEM 9: REPORT FROM THE COMMUNITY DEVELOPMENT DIRECTOR Mr. Fritschen presented the May Building Permit Report, ITEM 10: REPORT FROM PUBLIC WORKS DIRECTOR Mr. Stevens reviewed the status of various Public Works Department projects. -2- June 2, 2011 ITEM 11: REPORT FROM ECONOMIC DEVELOPMENT DIRECTOR Ms. Harkins reviewed the Director's Report and discussion was held. ITEM 12: REPORT FROM OEDA MANAGER No Report. ITEM 13: REPORT FROM OEDA TRUSTEES Members of the OEDA Board of Trustees provided a report on economic development - related items. ITEM 14: NEW BUSINESS None. ITEM 15: ADJOURNMENT Motion made by Mr. Thomas, seconded by Mr. Spriggs, to adjourn the meeting, AYE: Spriggs, Thomas, Sokolosky, Akin, Enzbrenner, Cataudella NAY: None ABSTAIN: Motion carried 6 -0. At 11:34 AM, the meeting was adjourned. Kian Kamas, Minute Clerk -3- 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: July 14, 2011 No Claims for June 2011. Owasso Economic Development Authority Statement of Revenues, Expenses and Changes in Fund Net Assets For the Month Ending June 30, 2011 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) 0.67 8.13 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.67 8.13 0.00 0.67 8.13 (5,000.00) 0.00 0.00 0.00 0.67 8.13 (5,000.00) 9,030.07 9,030.07 $9,038.20 $4,030.07 RESIDENTIAL NEW CONSTRUCTION MONTH END REPORT JUNE 2011 Month 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 1 January 23 64 54 30 31 22 13 25 15 17 18 2 February 44 70 41 50 52 41 14 19 23 29 17 3 March 48 51 38 75 65 50 25 35 30 46 14 4 April 50 51 35 47 63 52 30 31 36 31 19 5 May 26 38 29 31 43 36 60 23 27 30 20 6 June 34 51 33 53 42 29 27 21 34 23 19 7 July 37 44 32 34 27 12 23 24 28 17 8 August 31 33 31 36 45 28 27 18 28 19 9 September 29 30 52 64 35 12 17 40 20 11 10 October 31 31 48 42 30 25 31 15 36 13 11 November 24 26 35 31 32 13 26 10 13 1 12 December 29 35 51 35 53 16 8 6 13 9 Totals 406 524 479 528 518 336 301 267 303 246 107 YTD 225 325 230 286 296 230 169 154 165 176 107 30,000,000 25,000,000 20,000,000 15,000,000 10,000,000 5,000,000 i 0 I 2007 2008 2009 2010 2011 .._.._ _.... z........-- - .............................. _._.- ............_ I _ :JUNE; 18124,408 15485,680 19690,866 27,300,305 12418,191 ........ _ _ - JUNE YEAR -TO -DATE DOLLARS ' 45,000,000 k ! I! 30,000,000 15,000,000 0 I TOTAL! TOTAL NEW CONSTRUCTION DOLLARS FOR EACH YEAR 2007 2008 2009 32,720,596 27,364,316 ! 34,767,829 I 2010 2011 34,805,960 _..._.. ... ... .... .__. 12,418,191 I CITY OF OWASSO RESIDENTIAL LOT INVENTORY STATUS June 30, 2011 SUBDIVISION # OF LOTS # DEVELOPED # AVAILABLE Burberry Place (6/09) 89 30 59 Camelot Estates (4/07) 139 43 96 Carrington Pointe 1 (1/11) 171 16 155 Champions East (05/08) 66 5 61 Champions West (5/08) 45 1 44 Country Estates III (3/99) 61 58 3 Country Estates VI (11/03) 37 36 1 Crescent Ridge (02/08) 101 93 8 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 22 2 Honey Creek (4/02) 202 198 4 Keys Landing (3/08) 131 90 41 Lake Valley IV (5/2010) 114 40 74 Lakes at Bailey Ranch (10/07) 235 144 91 Maple Glen (12/08) 98 92 6 Maple Glen II (1/11) 93 23 70 Nottingham Estates IV (8/01) 20 17 3 Nottingham Estates V (3/01) 44 43 1 Nottingham Hill (6/09) 58 7 51 Preston Lakes (12/00) 272 243 29 Preston Lakes III (10/04) 147 143 4 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 2596 1758 838 Watercolours (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 Hill (6/09) Nottingham Estates V (3/01) Nottingham Estates IV (8/01) Maple Glen II (1/11) Maple Glen (12/08) Lakes at Bailey Ranch (10/07) Lake Valley IV (5/2010) 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) Crescent Ridge (02/08) Country Estates VI (11/03) Country Estates III (3/99) Champions West (5/08) Champions East (05/08) Carrington Pointe 1 (1/11) Camelot Estates (4/07) Burberry Place (6/09) CITY OF OWASSO 0 50 100 150 200 250 300 ■Lots Developed ElTotal Lots COMMERCIAL NEW CONSTRUCTION MONTH END REPORT JUNE 2011 Month 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 1 January 0 0 0 1 2 9 4 4 1 1 3 2 February 2 1 1 .: 5. .: 5 ' 0 ^ 3 :. 2'. 0 5000000 ......:;•y:. 3 March 0 3 1 2 1 14 2 0 1 3 0 4 April 8 1 1 3 : 5 May 2 4 1 1 3 2 1 1 2 1 2 b June 2,120,347 3,705,616 4 7 July 0 1 0 0 0 0 0 1 0 0 8 August; 1 2 3 3 1 9 September 0 2 2 1 2 1 28 3 0 0 10 'October 4 8 0 0 : -1 3 ::. 4 ';. 1 ;: 11 November 5 1 1 3 0 1 1 1 2: 2 12'Decerriber 0 0 0 0 1 Totals 27 23 12 23 23 43 48 20 9 10 7 YTD 17 9 6 16 18 30 11 12 7 7 7 JUNE YEAR -TO -DATE DOLLARS 12,000,000 10,000,000 8,000,000 6,000,000 4,000,000 2,000,000 0 JUNE NEW CONSTRUCTION DOLLARS FOR EACH YEAR 50,000,000 R 40,000,000 : :.:•.... :.:.. ;:::. 35,000,000 30,000,000 25,000,000 r4:4:•} }tin:... •: �;- 15,000,000 .....:$Aw;rry, ::::.�:• .... Y 71.10,000,000 5000000 ......:;•y:. }:............ :......... e5 •Y}•? < ?;.y }: ? ?.:. ?? ?.:: ?:.......... :ry,.�Y:,�:::: k,:v C• }tn ':' •$ryY '. �::Y yi "•i•'i`t ?$ }.i•:,'A�,y •.}tv }�,t. . i.v.: ?� ::•;`. -. 2i:,:$;` +i:,'v,:i;$:.} ' {C2: :v $$''K'4 }!!•i•: 2007 ; 2008 � 2009 j 201D 2011 8,251,064 7,203,000 i 11,380,700 2,120,347 3,705,616 NEW CONSTRUCTION DOLLARS FOR EACH YEAR 50,000,000 45,000,000 40,000,000 : :.:•.... :.:.. ;:::. 35,000,000 30,000,000 25,000,000 ::::•:: •* :tv.. 15,000,000 .....:$Aw;rry, ::::.�:• .... Y 71.10,000,000 5000000 ......:;•y:. }:............ :......... < ?;.y }: ? ?.:. ?? ?.:: ?:.......... 2007 :TOTAL 44,833,444 2008 2009 7.0, 771,125 12, 830, 700 2010 45,670,347 2011 3,70S,h16 OCCUPANCY PERMITS NAME ADDRESS APPLICATION OPENING COMPLETE DATE DATE JANUARY 2011 Joe's Italian Grill 9500 N. 129th E. Ave. 1/5/2011 1/15/2011 Yes Hometown Auto 402 C South Main 1/31/2011 2/1/2011 Yes FEBRUARY 2011 Interstate Battery 7703 #5 E. Owasso Exp. 2/14/2011 2/20/2011 Yes MARCH 2011 Kirby Vacuums 11330 N. Garnett #M 3/1/2011 3/31/2011 Yes APRIL 2011 Apollo Services, Inc. 7732 N. Owasso Exp. #A 4/14/2011 4/29/2011 Yes Army Recruiting Office 9500 N. 129th E. Ave. 3/29/2011 4/28/2011 Yes MAY 2011 Loren & CW Houk 8819 N. 145th E. Ave. 5/12/2011 6/15/2011 Yes More2Love 117B S. Main St. 5/24/2011 5/28/2011 Yes JUNE 2011 Davita Dialysis 9521 N Owasso Exp. 1/7/2011 6/22/2011 Yes Charlie's Chicken 11651 E. 76th St. 3/4/2011 6/28/2011 Yes JULY 2011 AUGUST 2011 SEPTEMBER 2011 OCTOBER 2011 NOVEMBER 2011 DECEMBER 2011 PERMITS APPLIED FOR IN JUNE 2011 ADDRESS BUILDER ADD /ZONE VALUE A.S.F. PERMIT # DATE 102 E 16th St McLeoiy Ator /RS -3 $ 2,500 254 11- 0601 -P 6/1/2011 11494 N 135th E Ave A -Max GCC /CS $ 2,000 63 11- 0602 -S 6/1/2011 11013 N 118th E Ave Simmons MGII/RS -3 $ 91,320 2012 11- 0603 -X 6/6/2011 10585 N 121st E Ave Simmons BBP /RS -3 $ 125,520 2672 11- 0604 -X 6/6/2011 10911 N 118th E Ave Simmons MGIURS -3 $ 91,320 1922 11- 0605 -X 6/6/2011 10301 N Owasso Expy TBD The Lanes /OM $ 184,440 1537 11- 0606 -C 6/6/2011 15105 E 109th St N Simmons LVIV/RS -3 $ 91,320 1922 11- 0607 -X 6/9/2011 9804 E 111th St N Tim Miller MH /RS -3 $ 18,500 111 11- 0608 -X 6/9/2011 8943 N 139th E Ave Wholesale Hot Tub & Po BV /RS -3 $ 4,000 254 11- 0609 -P 6/9/2011 15109 E 109 St N Capital Homes LVIV /RS -3 $ 78,886 1458 11- 0610 -X 6/9/2011 15204 E 109 PI N Capital Homes LVIV /RS -3 $ 78,476 1817 11- 0611 -X 6/9/2011 10919 N 117 E Ave Capital Homes MGII/RS -3 $ 82,131 1547 11- 0612 -X 6/9/2011 11722 E 109th St N Capital Homes MGII/RS -3 $ 83,813 1604 11- 0613 -X 6/9/2011 12200 E 86th St N Rejoice Christian Church Un latted $ 125,000 2650 11- 0614 -C 6/16/2011 9308 N 93rd E Ave Executive Homes LBR/RS -3 $ 150,000 3030 11- 0615 -X 6/16/2011 9417 N 96th E PI Executive Homes LBR/RS -3 $ 140,000 2806 11- 0616 -X 6/16/2011 9506 N 133rd E Ave Don Martin WL/RS -2 $ 4,000 192 11- 0617 -X 6/16/2011 10907 N 118th E Ave Capital Homes MGIURS -3 $ 79,000 1458 11- 0618 -X 6/16/2011 10900 N 119th E PI Capital Homes MGIURS -3 $ 87,000 1809 11- 0619 -X 6/16/2011 8751 N 117th E Ave A -Max Mingo V /CS $ 2,500 24 11- 0620 -S 6/17/2011 10911 N 117th E Ave Simmons MGIURS -3 $ 91,000 1922 11- 0621 -X 6/17/2011 10913 N 117th E Ave Simmons MGIURS -3 $ 86,000 1832 11- 0622 -X 6/22/2011 10554 N 117th E Ave Simmons BBP /RS -3 $ 256,000 3491 11- 0623 -X 6/22/2011 8423 N 123rd E Ave Jars Construction LRIMS -3 $ 170,000 2312 11- 0624 -X 6/22/2011 7903 N 144th E Ave John K Davis CHE/RS -3 $ 175,000 3100 11- 0625 -X 6/22/2011 14409 E 94th St N Epic Homes NNH/RS -3 $ 280,000 3512 11- 0626 -X 6/28/2011 12620 E 86th St N A -Max EC /CS $ 4,000 48 11- 0627 -S 6/29/2011 9045 N 121st S Ave #1100 A -Max SMF /CG $ 4,000 69 11- 0628 -S 6/29/2011 15101 E 109th St N Simmons Homes LVIV /RS -3 $ 105,300 1755 11- 0629 -X 6/30/2011 11104 E 121st St N Bill Kaise CE /RS -3 $ 6,200 400 11- 0630 -X 6/30/2011 19 Single Family $ 2,342,086.00 41,981 SgFt 1 Residential Remodel $ 18,500.00 111 SgFt 1 Residential Addition $ 6,200.00 400 SgFt 1 Accessory $ 4,000 192 SgFt 2 Commercial Remodel $ 309,440.00 4,187 SgFt 4 Signs $ 12,500.00 204 SgFt 2 Pool $ 6,500.00 508 S Ft 30 Building Permits $ 2,699,226.00 47,583 SgFt PROJECT STATUS REPORT City of Owasso Public Works Department As of July 8, 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. - ONG, AEP and Cox are complete with their utility relocations. In addition, AT &T will mobilize this week to relocate their lines to the new utility poles. AT &T anticipates completion within 60 -days of the start date. - The bid advertisement is expected in early fall of this year. Once the bid advertisement occurs, construction is anticipated to begin 90 -days thereafter, 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. The right -of -way and easements have been obtained. AT &T, COX, PSO and Washington County Rural Water District #3 have completed their utility relocation design and staff anticipates utility relocation work will begin in late July or early August, with completion by September 2011. - The bid advertisement is expected to begin in the fall of this year with construction anticipated to begin within 90 -days thereafter. East 96 Street North Regional 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. - Staff conducted an on -site meeting with the contractor and all sub - contractors on Wednesday, June 29th to discuss unfinished items along with punch list items needing to be addressed. The Contractor has until July 15th, 2011 to complete all items as well as provide a watering schedule for the wetland planting areas. 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 2010. - The contractor is completing minor items at the plant such as lighting and vegetation replacement. Initial start up of the new belt press pumps and the gravity belt thickener has begun and the plant is inundated with manufacturing representatives for start up and training purposes as well as electricians and technicians for support and troubleshooting needs. Both city staff and BRB anticipate a completion date within the next 60 days. • 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. All installation of sewer line and structures is complete and Paragon Construction is replacing vegetation along right -of -way areas. All vacuum and pressure testing of the lines have been completed. The staff continues to monitor the completion of minor punch list items and anticipates a request for final payment in August 2011. 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. - The final design of the plans and specs has been approved by ODEQ. - Staff is negotiating temporary and permanent easements necessary for to construct the improvements. Staff anticipates having the property acquired by the end of July. - The bid advertisement is expected in September, with construction beginning in November 2011 and final completion scheduled for June 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 approved the design and issued a permit to construct. - The contract was awarded to Ira M. Green Construction in the amount of $449,337.80 during the January 18, 2011 City Council meeting. - The contractor has installed approximately 5,600 linear feet sewer line. Staff anticipates the project to be complete in September 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. - Tri -Star is constructing and installing the new hand rail on the north bridge behind the YMCA as well as the handrail on the retaining wall located on the north end of the trail. The contractor is replacing sod that did not take and working on additional punch list items. The project is currently on schedule and within budget. Three Lakes Pond Maintenance Project - The Three Lakes Pond Maintenance Project bid opening occurred in April 2011. - The contract was awarded to Earth Smart Construction in the amount of $111,600 during the May 17, 2011 City Council Meeting. The project is expected to be complete September 5th, 2011. - Earth Smart Construction has mobilized to the site in order to begin clearing and installing erosion control measures. In addition, the Contractor began removing the silt in order to increase the overall floodplain storage within the basin. The gc—i witiout Limits. TO: THE HONORABLE CHAIR AND TRUSTEES OWASSO ECONOMIC DEVELOPMENT AUTHORITY FROM: CHELSEA M.E. HARKINS DIRECTOR OF ECONOMIC DEVELOPMENT SUBJECT: DIRECTOR'S REPORT DATE: July 14, 2011 RETAIL & SERVICE DEVELOPMENT UPDATE • Pinnacle Performance construction continues to progress on their new building located on 1St Street behind the Owasso Historical Museum. • The leasing firm for Smith Farm Market reported to have prospective tenants for vacant spaces with optimism to sign agreements this summer. • Better Sound Hearing Aid Center has located in the former Fitness Together location in Smith Farm Market. • Christian Brothers Auto plans to build a facility in the Caudell Center at Garnett and 96th Street. RESTAURANT DEVELOPMENT UPDATE • McDonald's will begin a re -build of the 76th Street location this month. • Panda Express construction is progressing on an outparcel location in the Owasso Market. • Charlie's Chicken on 76th Street N. in the former Wonder Bread Store location has opened. • Braum's will build a second store on 96th Street, on the north side toward Garnett. The new building will model the new Fresh Market style store the company has been promoting. HEALTH CARE DEVELOPMENT UPDATE • Davita Dialysis will open their doors later this month. They are located in the former Steak -N -Shake building. • Bailey Medical Center is working with Glory Development to construct a dialysis center on their campus.