ECONOMIC DEVELOPMENT ADVISORY COMMITTEE SPECIAL MEETING AGENDA. January 27, :00 PM. Midwest City Council Chambers 100 N. - PDF

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A. CALL TO ORDER. B. DISCUSSION ITEMS. ECONOMIC DEVELOPMENT ADVISORY COMMITTEE SPECIAL MEETING AGENDA January 27, :00 PM Midwest City Council Chambers 100 N. Midwest Boulevard 1. Discussion and
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A. CALL TO ORDER. B. DISCUSSION ITEMS. ECONOMIC DEVELOPMENT ADVISORY COMMITTEE SPECIAL MEETING AGENDA January 27, :00 PM Midwest City Council Chambers 100 N. Midwest Boulevard 1. Discussion and consideration of approving the minutes of October 21, 2015, as submitted. 2. Discussion and consideration of the Economic Development Report for period ending December 31, Discussion and consideration of accepting the Midwest City Chamber of Commerce's quarterly report for the period ending December 31, Convention and Visitors Bureau Quarterly Activity Report for the period ending December 31, C. NEW BUSINESS/PUBLIC DISCUSSION. D. ADJOURNMENT. DISCUSSION ITEMS Notice of this special Economic Development Advisory Committee meeting was filed with the City Clerk of Midwest City at least 48 hours prior to the meeting and copies of the agenda for this meeting were posted at City Hall and on the City of Midwest City s website, accessible to the public for at least 24 hours in advance of the meeting. MINUTES OF THE ECONOMIC DEVELOPMENT ADVISORY COMMITTEE SPECIAL MEETING October 21, :00 p.m. This special meeting of the Economic Development Advisory Committee was held in the second floor conference room of City Hall, City of Midwest City, County of Oklahoma, State of Oklahoma on October 21, 2015 at 12:00 p.m. with the following members present: Chairman Jeanie Webb; Committee members Ed Miller, Pat Burn, Dr. Rick Cobb*, Mayor Jay Dee Collins, Pam Hall; Midwest City Chamber Executive Director Bonnie Cheatwood; and City Manager Guy Henson and Economic Director Robert Coleman. Absent: none. Chairman Webb called the meeting to order at 12:10 p.m. Discussion Items. 1. Discussion and consideration of approving the minutes of the special meeting of July 15, 2015, as submitted. Motion was made by Miller, seconded by Hall, to approve the minutes of the July 15, 2015 special meeting. Voting aye: Miller, Burn, Cobb, Collins, Hall and Chairman Webb. Nay: none. Absent: none. Motion carried. 2. Discussion and consideration of the Economic Development Report for period ending September 30, Staff briefed the Committee on various aspects of the report. The Committee members asked questions of staff and discussed various aspects of the report. No action was taken on this item. 3. Discussion and consideration of future economic development activities. The Committee members discussed various aspects of future economic development activities and asked questions of staff. No action was taken on this item. 4. Discussion and consideration of implementing Tax Increment Financing (TIF) to fund redevelopment in Midwest City. The Committee members discussed various aspects of funding for redevelopment and asked questions of staff. No action was taken on this item. * Dr. Rick Cobb left the meeting at 1:25 p.m. New Business/Committee Discussion. Committee member Miller requested that the approved January 13, 2016 meeting date be changed to January 27, No one objected to the request. Adjournment. There being no further business, motion was made by Collins, seconded by Miller, to adjourn. Voting aye: Miller, Burn, Collins, Hall and Chairman Webb. Nay: none. Absent: Cobb. Motion carried. The meeting adjourned at 1:30 p.m. DR. JEANIE WEBB, Chairman TO: Economic Development Advisory Committee Members FROM: Robert Coleman, Director of Economic Development DATE: Wednesday, January 27, 2016 RE: Discussion and consideration of the Economic Development Report for period ending December 31, Economic Development Department 100 N. Midwest Boulevard Midwest City, OK Office: (405) Dear Committee Members, The past year has given Midwest City a lot to be proud of! Our economy continued expanding while some other Metro cities were crippled by the energy sector s collapse. We saw plenty of business openings in 2015 and we heard discussion concerning an equally large number of potential future projects. Below is a recap of the past year with prognostications for 2016: Hospitality The hospitality industry is flourishing in Midwest City with no signs of stopping. We ve seen Pei Wei Fresh Kitchen, S&B Burger Joint and Raising Cane s Chicken Fingers open in the past year. On the Border will soon debut in the Interstate 40 corridor and there is a good chance a new Boomerang Grill will be serving customers in the Uptown Shopping Center shortly after Valentine s Day. We are currently reviewing building plans for a Zaxby s Chicken planned for S. Douglas Blvd. Zoning amendments were recently approved to allow a new Jimmy John s Sandwich Shop and Wholly Guacamole! Mexican Restaurant in the same vicinity. Many of you may have seen the newspaper article detailing Outback Steakhouse s plans for our community, and there are at least four other eateries taking a serious look here. The owners of the future Hilton Home 2 Suites property, 1820 Center Drive, assure us construction will commence in They are persuing a vacation for a utility easement while awaiting final approval of building plans from Hilton s headquarters. (Also see photos on Pages 15-16) Retail City leaders have been working diligently on a deal to redevelop the site of the former elementary school at SE 15 th ST and S Sooner Rd. If all goes well, the aptly named Sooner Rose Center should be open just ahead of this year s holiday shopping season. This project includes two big box retailers and two restaurant pad sites along with a new bank. We expect it to create the kind of energy necessary to foster additional redevelopment to the east near Rose State College. (See related January 7, 2016 Oklahoman article on Page 6 and actual agreement on Page 7) Some of the new retailers finding their way to Midwest City included the Matress Firm, Mathis Brothers Sleep Shoppe and Ross Dress for Less. Ross success is a positive indicator there is still some retail life left in Heritage Park Mall (HPM) district. We have been in regular discussions with HPM s owners and feel there is a willingness to cooperate towards the mutual goal of renovating this property before its 40 th anniversary in October This year, we intend to take two major steps in this endeavor: 1) Conduct a study of the market to determine best future uses for the site; and 2) Verify the building is still a good candidate for renovation by checking the mechanical, electrical, plumbing and structural systems. Speaking of redevelopment, we are in the process of reviewing plans to transform the old Hollywood Video store into a five-unit strip center. Plans for a new 10,500 ft.² strip center proposed for South Douglas Blvd. are also in the Community Development Department s hands. Industrial The Oklahoma Department of Commerce (ODOC) is reporting more activity amongst industrial site selectors, which is great news for Midwest City. Construction of the primary road in the Soldier Creek Industrial Park (SCIP) is set to begin in February and we are hoping it will be finished by May. Garver Engineering has completed the design for the railroad switch that will serve SCIP and we are hoping to bid its construction this year. As result, the city is working to contract with a commercial brokerage firm to help us market SCIP on a national level. (See SCIP Preliminary Plat on Page 10, satellite photon on Page 11 and contract awarded on Page 12) This winter, we expect the Tinker Air Force Base Engineering Department to release a request for information on the possibility of developing an innovation center to manufacture parts for its legacy aircraft. Officials from Rose State College, the City of Midwest City and the local aerospace community have been working together to find out as much as possible about this project. Last Thursday, we responded to ODOC s request for proposal to find an existing building to house an upstart hydraulic systems manufacturer. A successful application could mean up to 100 new industrial jobs for Midwest City. Office Many of you may have read about the Midtown Office Park in a recent edition of the Journal Record. This development is a welcomed addition to the OKC Metro due to the scarcity of ground floor, Class A office space. (See related January 14, 2016 Journal Record article on Page 17) We are currently seeking redevelopment proposals for 93 acres owned by the Midwest City Memorial Hospital Authority in the 9000 block of SE 29 th Street in Oklahoma City. Committee members may remember this site was formerly home to an RV dealership and a mobile home park. The City of Oklahoma City Planning Department feels its best reuse to be for office and/or light industrial development. City staff looks forward to working with the Economic Development Advisory Committee on more exciting projects in Please contact our offices at (405) with any question or idea you may have. Sincerely, MIDWEST CITY During a recent special meeting of the Midwest Memorial Hospital Authority, trustees approved entering into an economic development contract with Sooner Investment Group in the amount of $350,000 for the purpose of participating in the redevelopment of about 13.5 acres of land on the northeast corner of SE 15 and Sooner Road. This will be the first of two development agreements that will facilitate the development of the site. Midwest City Mayor and Trust Chairman Jay Dee Collins said the economic development project will result in a significant boon to the Midwest City economy. Because of such a strong economic projection resulting from the project, the Authority knew it must be supported. This type of opportunity does not come along every day in a community the size of Midwest City. Therefore, it was necessary for the Authority to take action to enhance our economic development future, Collins said. Jobs and tax revenue The new development will include about 130,000 square feet of new retail, restaurant and service space that will be added to the city's existing inventory. Plans call for two national big box retailers, along with two restaurants. In addition, Bancfirst will build a new bank on the site. Economic Development Director Robert Coleman said economic development projections indicate that once the development is completed, $1.25 million of new sales tax revenue will be generated for the city each year, along with an estimated 200 jobs resulting in payroll of nearly $4 million. Coleman said that translates into an economic impact estimated at $5.3 million annually, even if only two-thirds of the employees live in Midwest City. This new development will create some great job opportunities for our area, including students from the Mid-Del School District and Rose State College, Coleman said. Coleman said that during the construction phase, use and sales taxes levied on building materials are expected to approach $250,000. That figure does not include lodging or sales taxes expected to be collected from construction workers. Additionally, annual property tax revenue increases are expected to increase more than $150,000 versus current collections. Future opportunities Collins said the development will help create future commercial opportunities along the south Sooner Road and SE 15 corridors that would not have occurred otherwise. This project is such a positive step in generating additional sales tax revenue and job creation for our community as well as potentially helping to generate future economic development efforts. Our City Manager Guy Henson, City Attorney Kathy Bolles and Economic Development Director Robert Coleman have done an excellent job in working with Sooner Investment Group to make this project become a reality, Collins said. The Authority approved two additional agenda items that pertain to the project. Both items were listed as agreements with SMC Consulting Engineers. One, in an amount not to exceed $17,500, is for the purpose of providing engineering plans for roadway widening near the intersection of Sooner Road and SE 15. The second, for an amount not to exceed $20,000, is to provide engineering plans for a wastewater line extension in the area of SE 15 and Sooner Road. City officials said announcements about the two national retail chains and restaurants will be made at a later time. Construction on the new site will begin in March, with the opening of the new businesses slated for November. During the special meeting, the Authority also approved the sale of real property at 5633 Tinker Diagonal to Falcon Realty Advisors for $11 per square foot for a total of about $479,160. The proposed use will be a restaurant. Reprinted from January 7, 2016 Oklahoman Concrete Access Road Construction Contract Awarded to Silver Star Construction Railroad Switch Design Awarded to Garver Engineering Concrete Access Road Construction Contract Awarded to Silver Star Construction NE 23RD Street (U.S. 62) N MIDWEST BOULEVARD Railroad Switch Design Awarded to Garver Engineering S SOONER RD SHORT ST. CENTER DR. INTERSTATE 40 Driving demand: Class-A space in Midwest City spurs development A sign advertises a single-level office park will be developed along S. Douglas Boulevard in Midwest City. (Photo by Brent Fuchs) MIDWEST CITY A local developer is helping supply Class A office space in eastern Oklahoma County. Real Property Construction is developing a single-level office park along S. Douglas Boulevard. The Grant Group is handling the project s leasing and purchasing of the sites. In 2008, RPC President Jeff Johnson purchased the 15 acres behind S&B s Burger Joint and south of SE 15th Street. He didn t know what to do with the land, so in 2013 he spoke with The Grant Group s Chris Anderson about possibilities. The two had worked together on other commercial real estate projects. Anderson talked to his father, Dr. Terry Anderson with Midwest Medical Group, about building his own office. He was leasing space at an older office park. After running the financing, Dr. Anderson saw he could build his own place and his debt payment would be the same as his lease payment. There was immediately a huge interest in people wanting their own office, Chris Anderson said. The park is being built in two phases. In the first, six lots have been sold and buildings completed, with two shell office buildings finished as well. There are four lots remaining, ranging in size from 2,400 square feet to 11,000 square feet. The park s tenants share a parking lot; therefore, construction costs are lower than other ground-up office sites because extra land doesn t have to be purchased for a parking area. The shell office buildings measure 2,400 square feet each. They have no flooring or other finishes. Anderson said the buildings will be finished to fit the tenants. Having the shell buildings cuts down the window (for the tenant to move) from one year to six months, he said. The second phase has not started yet. The infrastructure is expected to be complete in this year s first quarter. There are 16 office lots in the second section and one restaurant pad site. That space will fit a building measuring up to 5,500 square feet. The office sites range from 2,400 square feet to 40,000 square feet. Anderson said an office building could be part of a lease-back deal. Also, smaller-spaced tenants can be part of an executive suite sharing a restroom, break room and conference room. The medical offices are being built at $200 per foot, while traditional offices are $100 per foot. The influx of Class A office tenants on S. Douglas Boulevard will help spur restaurant development, said Robert Coleman, Midwest City economic development director. He said the area is already seeing an increase in eateries, with a Zaxby s under construction and four other restaurants expressing intent to locate on the thoroughfare. It s becoming a very active mile, Coleman said. By: Molly M. Fleming The Journal Record January 14, 2016 AE ANALYSIS OF RETAIL APPAREL SALES FOR MIDWEST CITY, OKLAHOMA LaDonna Hines, Extension Director, Oklahomaa County (405) Dave Shideler, Extension Economist, OSU, Stillwater (405) OKLAHOMA A COOPERATIVE EXTENSION SERVICE OKLAHOMA STATE UNIVERSITY December 20155 Analysis of Retail Apparel Sales For Midwest City, Oklahoma LaDonna Hines Oklahoma County Extension Director 2500 NE 63 rd Street Oklahoma City, OK Dave Shideler Extension Economist 323 Ag Hall Oklahoma State University Stillwater, OK ABSTRACT The goal of this paper is to provide an analysis of retail apparel sales for the community of Midwest City. Oklahoma Tax Commission sales tax collections data is used to provide estimates of trade area capture and pull factors. The data reported provide insights into trends across the six apparel subsectors present in Midwest City between fiscal years 2009 and Oklahoma State University, in compliance with Title VI and VII of the Civil Rights Act of 1964, Executive Order as amended, Title IX of the Education Amendments of 1972, Americans with Disabilities Act of 1990, and other federal laws and regulations, does not discriminate on the basis of race, color, national origin, sex, age, religion, disability, or status as a veteran in any of its policies, practices or procedures. This includes but is not limited to admissions, employment financial aid, and educational services. Readers may make verbatim copies of this document for non-commercial purposes by any means. 1 ANALYSIS OF RETAIL APPAREL SALES FOR MIDWEST CITY, OKLAHOMA INTRODUCTION Oklahoma communities have been concerned with all aspects of economic development for the past several years. Creating new jobs and additional income is of concern to rural communities and urban areas alike. Often, retailing is viewed as a service sector dependent on the basic sectors such as oil, manufacturing, and agriculture. Export (or basic) sectors produce goods and services sold outside the local or regional economy. Service sectors tend to circulate existing local dollars rather than attracting new outside dollars. The retail sector is important, though, as retail activity reflects the general health of a local economy. Retail sales also produce sales tax dollars that support municipal service provision. Some communities, typically on the fringe of metropolitan areas, or of sufficient size but not near a metropolitan area, might possess unique opportunities to capture additional retail sales by providing specialty stores that might otherwise be located in the urban core. In this way, retail could act as an export industry by drawing additional retail shoppers into the community than might be expected otherwise. Local leaders in Midwest City requested the following retail apparel sales analysis to examine new opportunities for apparel stores. The specific objectives of the study are: 1. Utilize reported sales tax data to analyze trends in the city for different apparel subsectors. 2. Provide estimates of trade area capture and market attraction by apparel subsectors. 2 METHODOLOGY AND DATA SOURCES A trade area analysis model frequently used is trade area capture. Trade area capture is calculated by dividing the city's retail sales by state per capita retail sales; this provides an estimate of the number of shoppers in the community. The figure is adjusted by income differences between the state and relevant local area, since one would expect higher levels of spending in areas with higher income. The specific equation utilized is: TAC = RS PS Where: TAC c = trade area capture by city, RS c = retail sales by city, RS s = retail sales for the state, P s = state population, PCI c = per capita income by county, and PCI s = per capita income for the state. C RSC X PCI PCI Trade area capture figures incorporate both income and expenditure factors, which may be influencing retail trade trends. An underlying assumption of the trade area capture estimate is that local tastes and preferences are similar to that of the state as a whole. If a trade area capture estimate is larger than city population then two explanations are possible: 1) the city is attractin
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