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Home My WebLink About2006.07.13_OEDA AgendaRIFBLIC NOTICEOF OF TIAE OWASSO ECONOMICr TYPE OF MEETING: Regular OEDA FIL"e DATE: July 13, 2006 TIME: 10:00 a.m. PLACE: Owasso City Hall, Lower Level Conference Room 111 N. Main Owasso, Oklahoma Notice and agenda fled in the office of the City Cle and posted on the City Hall bulletin board at 1:00 p.m. on Monday, July 10, 2006. ! Rickey Hayes Econo is evelopment Director We 1. Call to Order Mr. Enzbrenner, Chairman 2. Election of Chairman Mr. Enzbrenner Attachment #2 3. Election of Mice Chairman Chairman 4. Election of Secretary Chairman 5. 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 8, 2006 Regular Meeting. Attachment # 5-A B. Approval of Claims. Attachment # 5-13 OEDA July 13, 2006 Page 2 6. Presentation of Financial Report. Ms. Bishop Attachment #6 7. Update from Economic Development Director. Mr. Hayes Attachment 47 8. Report from Community Development Director Mr. Wiles 9. Report from the Public Works Director Ms. Stagg 10. New Business. 11. Adjournment. TO: THE HONORABLE OWASSO ECONOMIC DEVELOPMENT AUTHORITNA FROM: RICKEY HAYES DIRECTOR OF ECONOMIC DEVELOPMENT DA2006TE: Pursuant to OEDA bylaws, officers for the Owasso Economic Development Authority are selected annually. Members select a Chainnan, Vice -Chair, and Secretary to serve the OEDA for the fiscal year and to provide leadership, planning, and implementation of projects for the coming year that will directly benefit the economic well being of the community. The Chairman will be elected at the first regular meeting in July of each year by the members and will assume the chair immediately after his election and will oversee the election of the Vicc-Chair and Secretary. OWASSO ECONOMIC DEVELOPMENT AUTHORITY MINUTES OF REGULAR MEETING Thursday, June 8, 2006 The Owasso Economic Development Authority met in regular session on Thursday, June 8, 2006 in the Main Conference Room at Owasso City Hall per the Notice of Public Meeting and Agenda posted on the City Hall bulletin board at 1:00 p.m. on Monday, June 5, 2006. ITEM 1: CALL TO ORDER & ROLL CALL Chairman Frank Enzbrenner called the meeting to order at 10:04AM. N' l Frank Enzbremner, Chairman Dee Sokolosky, Vice chairman Gary Akin, Secretary Tom Kimball, Trustee David Charney, Trustee Ray Thomas, Trustee A quorum was declared present. ABSENT Steve Cataudella, Trustee Eric Wiles, Community Development Rickey Hayes, Economic Development Director OTHERS Bill Weeks David Phillips Randy Cowling Ana Stagg, Public Works Sherry Bishop, Finance Director ITEM 2: CONSIDERATION AND APPROPRIATE ACTION RELATING TO A REQUEST FOR TRUSTEE APPROVAL OF THE CONSENT AGENDA. A. Approval of minutes of the May 11, 2006 Regular Meeting B. Approval of claims -- No claims Mr. Sokolosky moved, seconded by Mr. Kimball, to approve the consent agenda. AYE: Sokolosky, Kimball, Akin, Enzbrenner, Charney, Thomas NAY. None ABSTAIN: None Motion carried 6-0. ITEM 3: REQUEST FROM ST. JOHN OWASSO HOSPITAL TO PROVIDE A STATUS REPORT TO THE OEDA, Mr. David Phillips and Mr. Bill Weeks provided a construction update and discussed intentions to staff physical therapy at the Owasso YMCA. Mr. Enzbrenner leaves at 10:50am. Owasso Economic Development Authority February 9, 2006 ITEM 4: PRESENTATION OF FINANCIAL REPORT. Report included within the agenda packet. No questions were asked of Ms. Bishop. ITEM 5: UPDATE FROM ECONOMIC DEVELOPMENT DIRECTOR Mr. Hayes reviewed the attached report and discussed a proposal to create a TIF District for the Sheraton Hotel Project. ITEM 6_ REPORT FROM COMMUNITY DEVELOPMENT DIRECTOR Mr. Wiles provided an update on the May building permit report. Mr. Wiles provided information regarding anticipated items before the Planning Commission in June. ITEM 7: REPORT FROM PUBLIC WORDS DIRECTOR Due to Ms. Stagg exiting the meeting prior to her report, Mr. Hayes provided a brief status update on various street development projects, and other Public Works related items. FOR TRUSTTEE APPROVAL OF THE PROPOSED FY 2007-2008 OEDA BUDGET. Due to the time constraints, item number 8 was heard following item number 2. Ms. Bishop presented the proposed FY 2007-2008 OEDA Budget. Mr. Thomas moved to approve the FY 2007-2008 OEDA Budget, seconded by Mr. Akin. AYE: Thomas, Akin, Enzbrenncr, Charney, Sokolosky, Kimball NAY: None ABSTAIN: None Motion carried 6-0. ITEM 9: NEW BUSINESS None - -2- Owasso Economic Development Authority ITEM 1.0: ADJOURNMENT Motion made by Mr. Kimball, seconded by Mr. Chamey to adjourn. At 11:15 am, the meeting was adjourned. AYE: Kimball, Charney, Akin, Thomas, Sokolosky NAY: None ABSTAIN: None Motion carried 5-0. - 3 - February 9, 2006 Frank Enzbrenner, Chairman Date Approved TO: THE HONORABLE'' & TRUSTEES OWASSO ECONOMIC DEVELOPMENT AUTHORITY There were no claims For June 2006 Owasso Economic Development Authority Statement of Revenues, Expenses and Changes in Fund Net Assets For the Month Ending June 30, 2006 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 from general fund Change in net assets Total net assets - beginning Total net assets - ending MTD YTD Dud et $0.00 $0.00 $0.00 0.00 0.00 0.00 0.00 2,500.00 5,000.00 0.00 0.00 0.00 2,500.00 0.00 5,000.00 (2,500.00) 0.00 (5,000.00) 30.52 100,000.00 (102,165.75) (2,135.23) 70.00 400,000.00 (421,250.00) (2,135.23) (10,885.30) (26,180.00) 0.00 0.00 0.00 (2,135.23) (10,885.30)�(26,180.00) 67,034.76 67,034.76 $56,14.9.46� �$40,854.76 TO: 1, 1 TRUSTEES OWASSO ECONOMIC DEVELOPMENT AUTHORITY FROM: HAYES DIRECTOR OF ECONOMIC DEVELOPMEN1 11711Y' iiiiiunjmfiffimr Logan's Roadhouse, Starbucks, and Lone Star ,Steak House are under construction and will be opening soon. Best Buy is also under construction at this time and is slated for an October 06 opening. Steals and Shake, IHOP, and several hotel / restaurant units are scheduled to begin site work soon. I am working with multiple groups of developers for significant retail and mixed use projects on several sites in the City. The Owasso Business Incubator graduated it's first business this month. Infinity Investigations and Protective Services started in April 2005 and leased space in the business incubator the same month. Since that time the company as grown from 3 employees to 9 full time employees, and had revenues the first year in excess of a quarter of a million dollars. The company primarily serves the insurance industry using the latest technology to do surveillance on insurance and worker's comp investigations. Infinity also does traditional security services for retail and industrial clients. National Steak and Poultry recently contracted with Infinity to do on site security for the company. Infinity leased commercial office space in Owasso this month and are open in their new location. I am in contact with several corporate site selection consultants as we begin to gear up for the next phase of our overall economic development vision. Job creation and the relocation of small and medium regional offices will be our target group in the months to come. New internet and punted marketing material targets corporate office relocation, and is geared to answer specific information needs of corporate site consultants. Several office and mixed use developments are expected in the commercial properties adjacent to both hospital projects. Hospital construction continues on both sites and both groups are reporting that the weather has expedited construction timing to the point that we may see openings ahead of schedule. As always, if I can serve you in any way, please call. Your input and direction arc always important to the success of our efforts.