University North Park Business Improvement District Advisory Board Meeting

UNIVERSITY NORTH PARK BUSINESS IMPROVEMENT DISTRICT ADVISORY BOARD MINUTES November 6, 2020 The University North Park Business Improvement District Advisory Board met at 10:00 a.m. via video conference and in the Council Chambers of the Norman Municipal Building, 201 West Gray Street, on the 6th day of November, 2020, and notice and agenda of the meeting were posted in the Municipal Building at 201 West Gray Street 24 hours prior to the beginning of the meeting. PRESENT Dan Quinn (via video conference) Brad Goodwin Jeff Webb Mandy Haws Jennifer Alexander ABSENT: Guy Patton Matt Clouse Mike Thompson STAFF PRESENT: Kathryn Walker, City Attorney Anthony Francisco, Director of Finance Jud Foster, Director of Parks and Recreation Jason Olsen, Recreation Superintendent Sarah Encinias, Legal Admin Tech 1. APPROVAL OF THE AUGUST 7, 2020, MEETING MINUTES. After review, motion was made by Jeff Webb and seconded by Brad Goodwin to accept the Minutes from the August 7, 2020, meeting as submitted. The vote was unanimous to accept the Minutes as submitted. 2. UPDATE ON LEGACY PARK EVENTS AND RESERVATIONS. Jason Olsen said the Cheers & Beers Festival was held on October 18th but it didn’t have as many in attendance due to the current COVID-19 pandemic and the rainy weather for that day. There were approximately 150 people that attended and approximately 10 breweries there. Winterfest is the next event and is scheduled for December 4th. This event usually has concerts but there are none scheduled for this year. They will, however, have a fireworks show again which a lot of people like. 3. UPDATE ON LEGACY PARK MAINTENANCE ISSUES. Jud Foster said new stage lights were installed and they display different colors that change at a predetermined time, mostly to match the change of season. The previous maintenance servicer couldn’t figure out how to fix the fountain technology program to meet needs. A new maintenance contractor was hired, a group out of Dallas, who performed an evaluation of the site. Mr. Foster is currently awaiting the results of that and their estimate of proposed costs. UNP BID Advisory Board November 6, 2020 Page 2 of 3 4. UPDATE ON PROPOSED MULTI-SPORT/INDOOR AQUATIC FACILITY TO BE LOCATED IN UNP. Ms. Walker provided a plat map to members and said the land to be used for the facility is located north of Embassy Suites and up to Rock Creek Road. Mr. Foster said the rendering has gone through a few changes with heavy input from swim teams. There is a competition pool and a warm-up pool but the pool in dashes has not been added yet because additional funding is still needed for it. Norman Regional Hospital will pay for the athletic training center and eight basketball courts are planned with space for additional courts if and when it is needed. The competition pool is large enough for state meets however there is not enough seating. It is hoped the Hilton hotel will allow for parking overflow. Also, Trae Young’s sponsor, Adidas, would help to bring teams here for training, etc., and it’s hoped to have a gift shop in place for them located in the complex. Signage for sponsors will be included. Mr. Foster said it will take about 6-9 months for the design team to finish renderings and then construction bids will be held. Thereafter, interviews for facility operators will be held. Ms. Walker said the original Norman Forward planned amount plus an additional amount allotted from the revised UNP TIF plan estimated a cost of $22 million for the facility but after the design was brought up-to-date, it is now projected to cost over $38 million. A bond issue to provide additional funding to help fill the gap will be presented for a vote on August 25, 2020. If approved, it will help make the project appear how it was originally envisioned. Ms. Walker is also working with the University Town Center to finalize the land purchase and if the bond issue is approved, the Trae Young Family Foundation will donate $4 million toward the project. Ms. Walker said she expects the project to be a great driver for growth. Mr. Webb requested a copy of the final documents and renderings and Ms. Walker said she would gather the information and provide it to the group. 5. UPDATE AND DISCUSSION RELATED TO BID ASSESSMENTS. Ms. Walker referred members to the Cash Flow Statement and said City Council has adopted the next round of assessments for the last year of TIF funding at $25,000, with $175,000 from assessment contribution for Fiscal Year Ending 2022. Assessment contributions will continue for 2 more years. As usual, a parcel is not assessed until it has been developed and then it takes a year to be assessed. Several smaller parcels still owe and Ms. Walker has been trying to work them but she will file liens for these next week. Invoices are sent out at the end of November and are due in March of the following year. 6. STATUS UPDATE ON BUSINESSES IN UNP. Mr. Webb said they’ve had mostly retail stores close but the overall property is still doing well. About 5 or 6 smaller tenants have left but the bigger stores remain and 3-4 leases are being UNP BID Advisory Board November 6, 2020 Page 3 of 3 negotiated. Mr. Goodwin said there will be 2 new buildings in parcel 21. There are 7 tenants next to McAlister’s finalizing leases. Also, Anthony Francisco said Chuck E. Cheese filed for bankruptcy protection and they have a store in North Park. Mr. Webb said with bankruptcy, tenants have 125 days to exit or affirm the lease and they have to wait 180 days to see what is decided. 7. TOPICS FOR FUTURE DISCUSSION. None. 8. MISCELLANEOUS DISCUSSION. Ms. Walker said she would file a meeting schedule for 2021 with dates similar to this year and she will provide members with a copy once it is completed. Also, she is not sure if Zoom meetings will be allowed after the current permission from the State expires. The meeting was adjourned at 10:30 a.m.