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Home My WebLink About2006.08.10_OEDA AgendaPUBLIC NOTICE OF THE MEETING OF THE OWASSO ECONOMIC DEVELOPMENT AT FT111- TYPE OF MEETING: Regular DATE: August 10, 2006 ®E®p, me TIME: 10:00 a.m. PLACE: Owasso City Mall, Lower bevel Conference boom III N. Main Owasso, Oklahoma Notice and agenda filed in the office of the City 1 rk and posted on the City Hall bulletin board at 5:00 p.m. on Monday, August 7, 2006. Rickey H es, E o mic Development Director I_X001 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 July 13, 2006 Regular Meeting. Attachment # 2-A B. Approval of Claims. Attachment # 2-B 3. Presentation of Financial Report, Ms. Bishop Attachment #3 4. Presentation and Discussion relating to marketing material and promotional activities for the OEDA. Mr. Hayes OEDA August 10, 2006 Page 2 Update from Economic Development Director Mr. Hayes Attachment #5 6. Report from Community Development Director Mr. Wiles %. Report from the Public Works Director Ms. Stagg 8. Report from the OEDA Manager Mr. Ray 9. New Business. 10. Adjournment. OWASSO ECONOMIC DEVELOPMENT AUTHORITY MINUTES OF REGULAR MEETING Thursday, July 13, 2006 The Owasso Economic Development Authority met in regular session on Thursday, July 13, 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, July 10, 2006. ITEM 1: CALL TO ORDER & ROLL CALL Chainnan Frank Enzbrenner called the meeting to order at 10:02AM. PRESENT Frank Enzbrenner, Chairman Dee Sokolosky, Vice Chairman Steve Cataudella, Secretary Tom Kimball, Trustee David Charney, Trustee A quorum was declared present. ABSENT Gary Akin, Trustee Ray Thomas, Trustee OTHERS Randy Cowling STAFF Ana Stagg, Public Works Director Juliann Stevens, Administrative Assistant Sherry Bishop, Finance Director Rodney Ray, City Manager Rickey Hayes, Economic Development Director Eric Wiles, Community Development ITEM 2: ELECTION OF CHAIRMAN. A motion to elect Dee Sokolosky as Chairman was made by Mr. Cataudella, sccondcd by Mr. Kimball. AYE: Cataudella, Kimball, Sokolosky, Enzbrenner, Charney, NAY: None ABSTAIN: None Motion carried 5-0. ITEM 3:. ELECTION OF VICE CHAIRMAN. A motion to elect Ray Thomas as Vice Chairman was made by Mr. Charney, seconded by Mr. Kimball. AYE: Sokolosky, Kimball, Enzbrenner, Charney, Cataudella NAY: None ABSTAIN: None Motion carried 5-0. Owasso Economic Development Authority July 13, 2006 ITEM 4: ELECTION OF SECRETARY. A motion to elect Gary Akin as Secretary was made by Mr. Enzbrenner, seconded by Mr. Kimball. AYE: Kimball, Sokolosky, Enzbrenner, Charney, Cataudella NAY: None ABSTAIN: None Motion carried 5-0. ITEM 5: CONSIDERATION AND APPROPRIATE ACTION REALTING TO A REQUEST FOR TRUSTEE APPROVAL OF THE CONSENT AGENDA. A. Approval of minutes of the June 8, 2006 Regular Meeting B. Approval of claims — No Claims Mr. Enzbrenner moved, seconded by Mr. Cataudella, to approve the consent agenda. AYE: Enzbrenner, Cataudella, Sokolosky, Charney NAY: Kimball ABSTAIN: None Motion carried 4-0. ITEM 6: PRESENTATION OF FINANCIAL REPORT After a review of the attached report, no questions were asked of Ms. Bishop. ITEM 7: UPDATE FROM ECONOMIC DEVELOPMENT DIRECTOR Mr. Hayes provided a status update on the various developments within the area. Mr. Hayes advised that Infinity Investigations, the first incubator client, has grown substantially and has leased commercial office space in Owasso. Infinity Investigations offers their thanks and appreciation for the Incubator program and the opportunity they were given to start and grow their business. ITEM_ 8: REPORT FROM COMMUNITY DEVELOPMENT DIRECTOR Mr. Wiles provided an update on the June building permit report and provided information regarding items before the Planning Commission on July 10, 2006. A discussion regarding a. decline in residential building permits issued within the City was held. Trustees discussed several possible contributors to the cause of the decline, as well as discussed process changes taking place in the Public Works Department to improve efficicnci.es. ITEM 9: REPORT FROM PUBLIC WORKS DIRECTOR Ms. Stagg gave a project status report on various street development projects and other Public Works related items. -2- Owasso Economic Development Authority ITEM 10: NEW BUSINESS None ITEM 11: ADJOURNMENT Motion made by Mr. Enzbrenner, seconded by Mr. Charney to adjourn. At 11:28am, the meeting was adjourned. AYE: Enzbrenner, Charney, Kimball, Sokolosky, Cataudella, NAY: None ABSTAIN: None Motion carried 5-0. - 3 - July 13, 2006 Dec Sokolosky, Chairman Date Approved HONORABLETO- THE TRUSTEES OWASSO ECONOMIC DEVELOPMENT AUTHORITY DAugustI F The OEDA has received an invoice dated August 1, 2006 from Arvest Bank. This invoice is for a letter of credit — Vanguard Car Rental in the amount of $12,000.00. OEDA Claims for August 2006. Arvest Bank Letter of Credit for Vanguard Car Rental $12,000.00. ARVEST DESCRIPTION AMOUNT LETTERS OF CREDIT -VANGUARD 12,000.00 OEDA FUND TOTAL 12,000.00 Owasso Economic Development Authority Statement of Revenues, Expenses and Changes in Fund Net Assets For the Month Ending July 31' 2000 Operating Revenues Operating Expenses: Materials &supplies Services & other charges Capital outlay Total Operating Expenses Operating Income (L08s) NOO-(]pe[@t|Dg Revenues (Expenses): Investment income Promissory note revenue RAN debt service & other costs Total non -operating revenues (expenses) Net income (l0SS)before contributions and transfers Transfer from general fund Change |Dnet assets TO(@/ net assets ' beginning Total net assets - ending (4.0OO.00) 300.00 400,000.00 (416.254.00) M5,954.0O\ 21.25 2125 (19.954.00) 0.00 O�OO 0.00 21.25 21.25 (19.954.00) 44,14946 44.149.40 TO: THE HO.R i ' CHAIR AND TRUSTEES OWASSO ECONOMIC DEVELOPMENT RICKEY DIRECTOR DEVELOPMENT DATE.4, 2006 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. Steak and Shake, IHOP, and several hotel / restaurant units are scheduled to begin site work soon. Hampton Inn, Marriot Town Place, Candlewood Suites, and a Sheraton Hotel are planned in the 96t" Street area. Village Inn is also planning a site in Smith Farms south of Hobby Lobby. I am working with multiple groups of developers for significant retail and mixed use projects on several sites in the City. I am currently discussing lease space, potential rates, and benefits with two companies asking about office space in the Owasso Business Incubator. One group is from out of state and desiring to get into the Oklahoma market and the other is a new local environmental engineering consulting group. Recent media coverage of the Infinity Investigations and Protective Services graduation has focused lots of interest on the program and we arc providing information on our incubator program to several inquiring parties. 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 printed marketing material targets corporate office relocation, and is geared to answer specific information needs of corporate site consultants. We arc currently updating all of our marketing material at this time. Several office and mixed use developments arc 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.