Loading...
HomeMy WebLinkAbout2011.09.08_OEDA AgendaPUBLIC NOTICE OF THE MEETING OF THE OWASSO ECONOMIC DEVELOPMENT AUTHORITY TYPE OF MEETING: Regular FILE COPY DATE: September 8, 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, September 6, 2011. a 5t-� k4v-A- Chelsea kE. Harkins, Ec`onorM 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 August 11, 2011 Regular Meeting. Attachment B. Approval of claims. Attachment C. Acceptance of the monthly financial report. 3. Report from the Community Development Director Mr, Stephenson A. Monthly Building Report B. Proposed US -169 Corridor Overlay District 4. Report from the Public Works Director Mr, Stevens 5. Report from Economic Development Director Ms, Harkins 6. Report from OEDA Manager Mr. Ray 7. Report from OEDA Trustees OEDA June 2, 2011 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, August 11, 2011 The Owasso Economic Development Authority met in regular session on Thursday, August 11, 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 Monday, August 9, 2011. ITEM 1: CALL TO ORDER & ROLL CALL Chairman Sokolosky called the meeting to order at 10:00 AM, PRESENT Dee Sokolosky, Chairman Frank Enzbrenner, Vice Chairman Bryan Spriggs, Trustee David Charney, Trustee Dirk Thomas, Trustee A quorum was declared present. ABSENT Steve Cataudella, Trustee Gary Akin, Secretary ITEM 2: CONSIDERATION AND APPROPRIATE ACTION RELATING TO A REQUEST FOR TRUSTEE APPROVAL OF THE OEDA CONSENT AGENDA A. Approval of minutes of the July 14, 2011 Regular Meeting B. Approval of claims C. Acceptance of the monthly financial report Mr. Enzbrenner moved to approve the consent agenda, seconded by Mr. Charney, AYE: Spriggs, Sokolosky, Thomas, Enzbrenner, Charney NAY: None ABSTAIN: Motion carried 5 -0. ITEM 3: REPORT FROM THE COMMUNITY DEVELOPMENT DIRECTOR Mr. Fritschen presented the July Building Permit Report. Mr. Fritschen introduced Bronce Stephenson, City Planner, and presented proposed amendments to the landscape chapter of the Owasso Zoning Code. Discussion was held. Mr. Fritschen commented that similar presentations have been made to the Owasso City Council and the Owasso Planning Commission and a public meeting will occur on August 30, 2011 C 6:00pm at Old Central for additional citizen comment. 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 discussion was held. ITEM 6: REPORT FROM OEDA MANAGER Mr. Ray presented the most current sales tax report. ITEM 7: REPORT FROM OEDA TRUSTEES No report. August 11, 2011 ITEM 8: NEW BUSINESS None. ITEM 9: ADJOURNMENT Motion made by Mr. Thomas, seconded by Mr. Spriggs, to adjourn the meeting. AYE: Spriggs, Sokolosky, Enzbrenner, Thomas, Charney NAY: None ABSTAIN: Motion carried 5 -0. At 11:32 AM, the meeting was adjourned, Juliann Stevens, Minute Clerk -2- /9000'4 The City Wit out Limits. TO: THE HONORABLE CHAIRMAN AND TRUSTEES OWASSO ECONOMIC DEVELOPMENT AUTHORITY FROG/!: CHELSEA M.E. HARKINS ECONOMIC DEVELOPMENT DIRECTOR SUBJECT: CLAIMS, OEDA DATE: September 8, 2011 No Claims for August 2011. Owasso Economic Development Authority Statement of Revenues, Expenses and Changes in Fund Net Assets For the Month Ending August 31, 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) 0.70 1.39 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.70 1.39 0.00 0.70 1.39 (5,000.00) 0.00 0.00 0.00 0.70 1.39 (5,000.00) 9,038.20 9,038.20 $9,039.59 $4,038.20 RESIDENTIAL NEW CONSTRUCTION MONTH END REPORT AUGUST 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 . . . ..... .... ...... I ---- ---- 250 ----- ...... --------- -•-•°-----------°- 3 March 48 51 38 75 65 50 25 35 30 46 14 4 ---- - - - - -- 100 . . ...... .. ----- ----- --- ------ --- -- 5 May 26 38 29 31 43 36 60 23 27 30 20 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 AUGUST 293 402 7 July 37 44 32 34 27 12 23 24 28 17 20 AUGUST YEAR-TO-DATE DOLLARS A� 35,000,000 9 September 29 30 52 64 35 12 17 40 20 11 10 -- -- - - ------ 20,000,000 ----- - --- ---------- --------- ............•. ------------------ - - - - -----15,000,000 I I November 24 26 35 31 32 13 26 10 13 1 5,000,000 Totals 406 524 479 528 518 336 301 267 303 246 139 YTD 293 402 293 356 368 270 219 196 221 212 139 AUGUST YEAR -TO -DATE COUNT 450 — ----- 400 ----- - - ------ ------------------------------- - -------- - --- - - - - ........... . ... . ........... . .. . ............... 350 ... ...... - --- - --- - -------- - -------- - •------- . .... 300 ...... I ---- ---- 250 ----- ...... --------- -•-•°-----------°- .- ------ •- ---- -.............._. 200 - ------ ..•... . ...... -------- 150 ---- - - - - -- 100 . . ...... .. ----- ----- --- ------ --- -- 50 ------ ..... ..... ...... ­ ... ----- 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 AUGUST 293 402 293 356 1 368 270 219 196 1 221 1 212 1 139 AUGUST YEAR-TO-DATE DOLLARS 35,000,000 30,000,000 . ............ . ... 25,000,000 -- -- - - ------ 20,000,000 ----- - --- ---------- --------- ............•. ------------------ - - - - -----15,000,000 ----------- ........ . . ---- - ------- ------- 10,000,000 5,000,000 2008 409 2010 2011 f AUGUST 23,402,394 19,925,401 25,733,241 31,190.,464 TOTAL NEW CONSTRUCTION DOLLARS FOR EACH YEAR 45,000,000 30,000,000 - - ----------------------- . . . ....... ....... ...... - - - _.._:...._.....w.... 0 2007 2008 2009 2016 2011 TOTAL . 32,720,59.6. 27,364,316 34,767,$29 34,805,966 421519 CITY OF OWASSO RESIDENTIAL LOT INVENTORY STATUS August 31, 2011 SUBDIVISION # OF LOTS # DEVELOPED # AVAILABLE Burberry Place (6/09) 89 32 57 Camelot Estates (4/07) 139 44 95 Carrington Pointe 1 (1/11) 171 19 152 Champions East (05/08) 66 6 60 Champions West (5/08) 45 2 43 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 91 40 Lake Valley IV (5/2010) 114 45 69 Lakes at Bailey Ranch (10/07) 235 148 87 Maple Glen (12/08) 98 92 6 Maple Glen II (1/11) 93 34 59 Nottingham Estates IV (8/01) 20 17 3 Nottingham Estates V (3/01) 44 43 1 Nottingham Hill (6/09) 58 8 50 Preston Lakes (12/00) 272 243 29 Preston Lakes III (10/04) 147 144 3 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 1789 807 Watercolours (12102) The Summit at Southern Links (6/97) Sawgrass Park II (04/05) Remington Park 11(11/04) Preston Lakes 111(10/04) Preston Lakes (12/00) Nottingham Hill (6109) Nottingham Estates V (3/01) Nottingham Estates IV (8/01) Maple Glen II (1111) Maple Glen (12108) Lakes at Bailey Ranch (10/07) Lake Valley IV (5/2010) Keys Landing (3/08) Honey Creek (4/02) Falls at Garrett Creek Amended (12/05) Falls at Garrett Creek (12105) Fairways VI (12/00) Fairways V (8/99) Crescent Ridge (02/08) Country Estates VI (11/03) Country Estates 111(3/99) Champions West (5/08) Champions East (05/08) Carrington Pointe 1 (1/11) Camelot Estates (4107) Burberry Place (6109) CITY OF OWASSO 0 50 100 150 200 250 300 Total Lots 0 Lots Developed COMMERCIAL NEW CONSTRUCTION MONTH END REPORT /AUGUST 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 25 20 3 March 0 3 1 2 1 14 2 0 1 3 0 5 5 May 2 4 1 1 3 2 1 1 2 1 2 37 14 s€: 5 .... ....... AU US YEAR-TO-DATE OLL RS 16,000,000 7 July 0 1 0 0 0 0 0 1 0 0 0 10,000,000 8,000,000 9 September 0 2 2 1 2 1 28 3 0 0 1 Oaotober 2,000,000 i t November 5 1 1 3 0 1 1 1 2 2 ire. c�rn .................................................................................................................................................:...:...:.:.......:................ 13,578,314 10,582,000 11,380,700 2,120,347 4,855,616 ...... .. .............. ......... Totals 27 23 12 23 23 43 48 20 9 10 9 YTD 18 12 9 19 19 37 14 14 7 7 9 50,000,000 NEW CONSTRUCTION DOLLARS FOR EACH YEAR 40,000,000 30,000,000 ----- --- -- - --- 20,000,000 j2007 - - - - . - _ _ . . 10,000,000 0 2008 2009 2010 2011 44,833,444 20,771,125 12,830;700 45,670,347 4,855,616 AUGUST YEAR -TO -DATE COUNT 40 35 . 30 ...... 25 20 15 10 _ 5 0 2001 2002 2003 2004 j 2005 2006 2007 2008 ; 2009 2410 2011 G 1ST? 18 12 9 1 19 1 19 37 14 14 7 s 7 9 AU US YEAR-TO-DATE OLL RS 16,000,000 14,000,000 --------- _.._ 12,000,000 10,000,000 8,000,000 6,000,000 4,000,000 2,000,000 0 2007 2008 2009 2010 2011 AUGUST 13,578,314 10,582,000 11,380,700 2,120,347 4,855,616 50,000,000 NEW CONSTRUCTION DOLLARS FOR EACH YEAR 40,000,000 30,000,000 ----- --- -- - --- 20,000,000 j2007 - - - - . - _ _ . . 10,000,000 0 2008 2009 2010 2011 44,833,444 20,771,125 12,830;700 45,670,347 4,855,616 PERMITS APPLIED FOR IN AUGUST 2011 ADDRESS BUILDER ADD /ZONE VALUE A.S.F. PERMIT # DATE 13318 E. 116th St. N. Claude Neon GC /CS $ 3,500 196 11- 0801 -S 8/1/2011 13318 E. 116th St. N. Claude Neon GC /CS $ 5,300 140 11- 0802 -S 8/1/2011 12912 E. 86th St. N. Ron's Sign Company OM /CS $ 700 360 11- 0803 -S 8/8/2011 9221 N. 143rd E. Ave. Strategic Builders CA/RS3 $ 137,500 2500 11- 0804 -X 8/8/2011 10577 N. 121st E. Ave. Simmons BBP /RS3 $ 149,220 3037 11- 0805 -X 8/8/2011 12807 E. 86th Pl. N. JVK Construction RP /CS $ 24,000 195 11- 0806 -C 8/8/2011 126 S. Main Save -On Printing OT /CS $ 200 32 11- 0807 -S 8/10/2011 10114 East 95th Cit. N. Advanced Pools FW/RS3 $ 30,000 520 11- 0808 -P 8/12/2011 9530 N. Garnett Rd. Christian Brothers OWAD /CS $ 400,000 4980 11- 0809 -C 8/15/2011 10205 N. 110th E. Ave. Reco -OK BMC /OM $ 750,000 6606 11- 0810 -C 8/15/2011 8504 N. 77 E. Ave. Denham CARP /RS2 $ 147,000 2450 11- 0811 -X 8/17/2011 10908 N. 118th E. Ave. Capital Homes MGIURS -3 $ 78,886 1385 11- 0812 -X 8/22/2011 10901 N. 117th E. Ave. Sinunons MGII/RS -3 $ 91,320 1922 11- 0813 -X 8/22/2011 10905 N. 117th E. Ave. Simmons MGIURS -3 $ 85,980 1873 11- 0814 -X 8/22/2011 11081 N. 114th E. Ave. Simmons MGIURS -3 $ 85,980 1873 11- 0815 -X 8/22/2011 15313 E. 110th P1. N. Simmons LVIV /RS -3 $ 98,160 2036 11- 0816 -X 8/22/2011 10205 N. 110th E. Ave. Kidd & Assoc. BMC /OM $ 660,000 6601 11- 0817 -C 8/22/2011 9002 N. 121st E. Ave. #900 Oil Capital Neon SF /CS $ 8,000 198 11- 0818 -S 8/23/2011 12650 E. 86th St. N. Freds Do It All RP /CS $ 168,000 2800 11- 0819 -C 8/23/2011 12908 E. 77ht St. N. Mario Avila CM /RS -3 $ 20,000 228 11- 0820 -X 8/23/2011 7009 N. 120th E. Ave. Ronn Staggs KL/RS -3 $ 161,000 2698 11- 0821 -X 8/25/2011 10740 N. 153rd E. Ave. Simmons LVIII/RS -3 $ 91,320 1922 11- 0822 -X 8/25/2011 9413 N. 96th E. Ave. Shaw LBR/RS -3 $ 182,445 2978 11- 0823 -X 8/29/2011 15605 E. 91st St. N. Denny Construction PLIII/RS -3 $ 158,160 2636 11- 0824 -X 8/29/2011 12 Single Family $ 1,466,971 27,310 SgFt 1 Residential Addition $ 20,000.00 228 SgFt 2 New Commercial $ 1,150,000 11,586 SgFt 3 Commercial Remodel $ 852,000.00 9,596 SgFt 5 Signs $ 17,700.00 926 SgFt 1 Pool $ 30,000.00 520 SgFt 24 Building Permits $ 3,536,671.00 50,166 SgFt NAME OCCUPANCY PERMITS 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 21112011 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 Cat Clinic 9540 N. Garnett Rd. # 2/18/2011 7/31/2011 Yes Engineering Firm 302 E. 5th Ave # 7/1/2011 7/31/2011 Yes Better Sound Owasso 9045 N 121 E Ave #1100 7/15/2011 7/18/2011 Yes AUGUST 2011 Panda Express 12403 E. 96th St. N. 1/3/2011 8/30/2011 Yes SEPTEMBER 2011 OCTOBER 2011 NOVEMBER 2011 DECEMBER 2011 The City Wit aut Limits. TO: The Honorable Chair and Trustees Owasso Economic Development Authority FROM: Bronce L. Stephenson City Planner SUBJECT: Proposed US -169 Corridor Overlay District DATE: September 8, 2011 BACKGROUND: Overlay districts are flexible land use standards over the base zoning districts undesirable uses, control architecture base standards, or encourage mixing oriented development, REASON FOR THE PROPOSED CHANGE: control tools which establish additional development Typically, overlay districts are used to protect areas from and design, require additional landscaping beyond the residential and business activity to support pedestrian The Community Development Department has brought forward the proposed Overlay District in response to the belief that there should be protections and standards in place for an area that will see great growth and development and will be an important part of Owasso's future. This overlay hopes to build on the Quality of Life principles and encourage sustainable development that will become a long term asset to Owasso. Being along the major corridor in Owasso, this overlay is designed to protect an area that represents a significant opportunity for business and corporate investment, important to the long term economic health of Owasso. Great opportunities abound within this corridor and this overlay would establish uses and regulations that could promote an environment of business, learning and growth. Overall, this proposed US -169 Corridor Overlay District seeks to establish regulations that protect the investment of new businesses and corporations from unattractive, non - compatible uses and ensure the area is visually pleasing, sustainable, and developed in a coordinated fashion, TIMELINE After providing this introduction to the OEDA, staff will continue to work on the language proposed within this draft, incorporating feedback received, and working with stakeholders to create a document that is reflective of the vision that Owasso has for this important corridor. Staff plans to take this item for introduction at the Planning Commission and City Council after receiving OEDA comments. After the introductions and additional time to work with stakeholders, staff will bring this item back to the OEDA in a final draft form before being taken to the Planning Commission and City Council for final consideration. Staff would hope to have this overlay language in place by early 2012, PROJECT STATUS REPORT City of Owasso Public Works Department As of September 2, 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. - 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 relocation. AT &T anticipates having their utility relocated by September 1, 2011, - ATT is currently relocating their cable along the project. They should be in their new alignment by mid - September. - Final right -of -way documents have been submitted and are being reviewed by ODOT. - Engineering consultant is making final revisions to the plans and will have them to ODOT before the September 12, 2011 deadline for the November letting. 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. - Utility corridors have been set for all utilities at the intersection. Additional easement was needed for the AEP -PSO vault at the SE corner of the intersection. Acquisition has been initiated. - Street right -of -way has been staked and utilities are preparing for their relocation. 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. - As result of the extreme weather conditions, City staff has extended the construction contract deadline to September 2011 to ensure vegetation is established along with planting of the remaining six trees. Staff anticipates final completion in September 2011. - The construction and establishment of vegetation has been completed and is being maintained per the specifications. Staff anticipates presenting this project to the City Council for acceptance and final payment at the September 20 +h meeting. The project has been completed under the approved contract 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 final punch list is being established now while staff training is being presented by the multiple vendors who have installed new equipment. Staff anticipates presenting this project to City Council in October 2011 for acceptance. 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 complete (North 143rd East Avenue to North 177th East Avenue), and Phase II Completion (North 177th East Avenue to North 193rd East Avenue) by August 2011, All installation and testing has been completed and there is one section approximately 13 feet in length that failed the deflection test. As a result, the contractor is in the process of repairing this segment of pipe. Staff anticipates presenting this project to City Council in October under the approved budget and loan amount authorized by the Oklahoma Water Resource Board. 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. - Bid advertisement is expected in September 2011, with construction beginning in January 2012. Final completion is scheduled for January 2013. 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. - Currently all line has been installed and staff is in the process with the contractor of performing all required tests of the sewer line. Staff anticipates having the gravity line in service in late September with presentation to City Council for acceptance in October 2011. This project is on time and within budget. 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. This project is expected to be complete July 4th, 2011. - All punch list items have been completed and this project will be presented to City Council for acceptance at the September 20th meeting on time and under 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 completed the removal of more than 7,000 cubic yards of material and has completed the restoration of all disturbed areas. Currently the new sod is being irrigated and staff anticipates presenting this project to City Council on September 20th. This project is ahead of schedule and under budget. NOW (00 The City Wit out 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: September 8, 2011 RETAIL & SERVICE DEVELOPMENT UPDATE • Pinnacle Performance has moved into their new building located on 1St Street behind the Owasso Historical Museum. • Construction of O'Reilly Auto Parts in the Garrett Creek Shopping Center at 116th Street N. and HWy 169 is progressing. • Christian Brothers Automotive should begin construction later this month. RESTAURANT DEVELOPMENT UPDATE McDonald's is making headway on their re -build of the 76th Street location projecting to open in less than 60 days, Panda Express opened their new store in the Owasso Market center last week. 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.