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HomeMy WebLinkAboutEDA - January 2, 2013C I T Y O F NDOVE 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100 FAX (763) 755 -8923 • WWW.ANDOVERMN.GOV ECONOMIC DEVELOPMENT AUTHORITY MEETING January 2, 2013 6:00 p.m. Conference Rooms A & B 1. Call to Order — 6:00 p.m. 2. Approval of Minutes (December 4, 2012 Regular) 3. Organizational Items 4. Andover Station North Lot Sale Discussion 5. Parkside at Andover Station Land Sale Discussion 6. Redevelopment Discussion 7. Other Business 8. Adjournment 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100 FAX (763) 755 -8923 • WWW.ANDOVERMN.GOV TO: Economic Development Authority CC: Jim Dickinson, City Administrator FROM: Michelle Hartner, Deputy City Clerk SUBJECT: Approval of Minutes DATE: January 2, 2013 INTRODUCTION The following minutes were provided by Staff reviewed by Administration and submitted for EDA approval: December 4, 2012 Regular DISCUSSION The minutes are attached for your review. ACTION REQUIRED The EDA is requested to approve the above minutes. Respectfully submitted, Michelle Hartner Deputy City Clerk Attach: Minutes 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 ANDOVER ECONOMICDEVELOPMENT AUTHORITYMEETING DECEMBER 4, 2012 - MINUTES A meeting of the Andover Economic Development Gamache, December 4, 2012, 6:03 p.m., at the And Andover, Minnesota. Present: Absent: Also present: APPROVAL OF November 7, 201: November Motion by T unanimously. Commissioners Mike Knight, h Commissioner , Jim called to order by President Mike 1685 Crosstown Boulevard NW, Gila (arrived at 6A6 pm), Tony Howard, and Joyce Twistdl !ented. , David Minutes as presented. Motion carried approval of the Minutes as presented. Motion carried DISCUSS /APPROVE RESOLUTIONA UTHORIZING TERMINATION OF A LEASE, AND AUTHORIZING EXECUTION OF AN ESCROWA GREEMENT RELATING TO THE ISSUANCE BY THE CITY OF ANDOVER, MINNESOTA, OF ITS $17,400,000 TAXABLE GENERAL OBLIGATIONABATEMENT BONDS, SERIES 2012C Mr. Dickinson stated the City is looking at a refinancing opportunity on the Community Center. He indicated staff will be recommending City Council accept the bond sale bids at tonight's meeting. The bids are favorable with a long term debt service savings of over 3.5 million. Mr. Dickinson indicated with the anticipation of the bids being awarded, the EDA is requested to terminate the lease agreement between the City and the EDA and authorize an escrow agreement. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 Andover Economic Development Authority Meeting Minutes — December 4, 2012 Page 2 Motion by Knight, Seconded by Trude, to approve resolution R004 -12 authorizing termination of a lease agreement and authorizing execution of an escrow agreement relating to the issuance by the City of Andover, Minnesota, of its $17,400,000 Taxable General Obligation Abatement Bonds, Series 2012C. Motion carried unanimously. DISCUSS /APPROVE 2013 EDA BUDGET Mr. Dickinson stated the EDA is requested to discuss and adopt the proposed 2013 EDA Special Revenue Fund budget with recommendation to the City Council for their budget. Mr. Dickinson reviewed the 2013 budget worksheet. TIF District 1 -1 expires the end of 2012, dropping the EDA revenue significantly. Commissioner Trude asked if the maintenance for the Andover Station medians is still in the 2013 budget. Mr. Dickinson answered yes it is. Commissioner Trude asked about the funds from Untied Properties. Mr. Dickinson indicated those funds are not in the budget they are in a separate escrow account. Motion by Trude, Seconded by Howard recommending to the City Council adoption of the 2013 EDA budget as presented. Motion carried unanimously. PARKSIDE AT ANDOVER STATION LAND SALE DISCUSSION Mr. Carlberg updated Capstone Homes has purchased 7 lots in Parkside at Andover Station. Capstone is ahead of the lot take down schedule. A two -story home will be constructed on the latest lot purchased. Mr. Dickinson indicated Capstone plans to take down another lot in January. Mr. Carlberg updated that staff and Cherrywood Advanced Living have agreed on a land purchase price. He indicated staff is working with Cherrywood on the architectural style and materials of the building to ensure the project fits into the surrounding neighborhood. Landscaping will be required with the project. TAX FORFEITURE PROPERTY -1049 ANDOVER BOULEVARD NW Mr. Carlberg indicated Anoka County contacted staff regarding the tax forfeiture property at 1049 Andover Boulevard. The parcel is 4.5 acres located west of the railroad tracks. The EDA is requested to discuss interest in acquiring the property. Mr. Dickinson stated the property has an outstanding assessment of $31,200. If the City has no interest in the property the County will market it, the sale of the property would allow for the City to recoup the outstanding assessment amount. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 Andover Economic Development Authority Meeting Minutes — December 4, 2012 Page 3 The property and surrounding area was discussed. President Gamache stated there is no benefit for the City to acquire the property. Commissioner Trade asked if staff had any thoughts. Mr. Carlberg replied the property was discussed at the last ARC meeting, ARC members indicated they were not interested in acquiring the property. The consensus of the EDA was to not acquire the property at 1049 Andover Boulevard. CONSIDER 2013 CDBG PROJECTAPPLICA TION Mr. Carlberg indicated the City needs to determine if it will submit applications for CDBG funding and is looking for input from the EDA in considering the 2013 application. Mr. Carlberg stated the City has a difficult time qualifying for the low to moderate income requirement to receive CDBG funds. Commissioner Trade suggested the Crosstown/Bunker redevelopment area and the 135th Avenue and Poppy Street area. The 135th /Poppy area does not have city water. Mr. Carlberg stated staff will evaluate both areas. The maximum grant amount is $300,000. ENTRANCE/MONUMENT SIGN UPDATE Mr. Carlberg indicated the monument sign on Round Lake Boulevard is constructed with the white background. Staff is currently working with Connexus Energy to provide power to the sign. The cost for Connexus to run power to the sign is $4,800 much higher than originally budgeted. Commissioner Trade suggested staff check with Demars Signs about installing solar lights. Mr. Carlberg indicated Aircon Electric provided electrical service to the sign and will be talking to Connexus on providing power to the electrical pedestal. Staff will explore the solar light option. Mr. Carlberg stated the beige panel will be switched to white on the electronic reader board on the Crosstown/Bunker sign next week, also the "welcome to" will be removed. The monument sign on Bunker Lake Boulevard east is marked and weather permitting the footings will be done next week. OTHER BUSINESS There was none. Andover Economic Development Authority Meeting Minutes — December 4, 2012 Page 4 ADJOURNMENT 3 Motion by Bukkila, Seconded by Howard to adjourn. Motion carried unanimously. The meeting 4 adjourned at 6:56 p.m. Respectfully submitted, Michelle Hartner, Recording Secretary NND OVE: 1685 CROSSTOWN BOULEVARD N.W.. ANDOVER, MINNESOTA 55304 • (763) 755 -5100 FAX (763) 755 -8923 • WWW.CI.ANDOVER.MN.US TO: FROM: SUBJECT: DATE: President and Commissioners Jim Dickinson, Executive Director D Organizational Items - Appoint Officers of the Andover Economic Development Authority (EDA) January 2, 2013 INTRODUCTION The Andover EDA is comprised of seven (7) commissioners, five (5) commissioners are the members of the Andover City Council serving terms that coincide with their Council terms and two (2) voting resident members serving six (6) year terms. DISCUSSION The current Andover EDA officers with EDA term and staff appointments are as follows: President Mike Gamache Vice - President Julie Trade Secretary Tony Howard Treasurer Mike Knight Assistant Treasurer Sheri Bukkila Resident Commissioner Robert Nowak, Sr Resident Commissioner Joyce Twistol Executive Director Jim Dickinson Staff Executive Director Jim Dickinson Recording Secretary Michelle Hartner Staff Support Dave Carlberg ACTION REQUESTED (Term expires 01105115) (Term expires 01105115) (Term expires 01105115) (Term expires 01/02/17) (Term expires 01/02/17) (Term expires 01/01/14) (Term expires 01/01/14) Appoint officers for the EDA and appoint the Support Staff. submitted, 9 i ' }•y (3 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100 FAX (763) 755 -8923 • WWW.CI.ANDOVER.MN.US TO: EDA President and Board CC: Jim Dickinson, Executive Director FROM: David L. Carlberg, Community Development Director SUBJECT: Andover Station North Lot Sale Discussion DATE: January 2, 2013 INTRODUCTION Staff has been working with a company on their interest to purchase 4 -5 acres in Andover Station North. In discussing land sale prices, lot size etc. the question came up as to the City's interest in providing assistance to the company through the creation of a Tax Increment Financing District. The TIF District would be an Economic Development District with a maximum life of eight years. The company would purchase the property for a dollar and the City would be reimbursed for the value of the land through the increment collected from the increased taxes generated by the construction of the improvements (building). ACTION REQUESTED Discuss the EDA's interest in the creation of a TIF District and provide direction to staff. Respectfully submitted, 0� David L. Carlberg ►9 �1 �Jvn VE 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100 FAX (763) 755 -8923 • WWW.CI. ANDOVER. MN. US TO: President and Commissioners Jim Dickinson, Executive Directo FROM: David L. Carlberg, Community Development Director SUBJECT: Parkside at Andover Station Update DATE: January 2, 2012 INTRODUCTION The EDA is requested to receive an update from the Community Development Director on recent developments at Parkside at Andover Station. DISCUSSION Staff continues to negotiate with Cherrywood Advanced Living on the acquisition of 1.8 acres to build a 20 unit senior housing project. General agreement has been reached on the purchase price and related development costs. Architectural style and materials of the building construction are being evaluated to insure the project fits into the surrounding neighborhood/community. There are existing utilities that will need to be relocated and or removed in the project area. These utilities were installed to accommodate the development of 8- plex buildings and can only be utilized for this design. The cost to remove /relocate these utilities is estimated at $30,000. This will be an EDA incurred cost. The property also needs to be replatted from an outlot and lots platted into an 8- plex into one developable parcel /lot. This will be an EDA incurred expense. Attached is a proposal from Hakanson Anderson to accomplish this task in the base amount of $4,980.00 plus expenses as noted in the attached proposal. ACTION REQUESTED Receive presentation; provide direction and additional input if necessary. Respectfully submitted, o/. David L. Carlberg Hakanson 3601 Thurston Main Office: 3 5 Avenue, Anoka, MN 55303 Anderson Phone:763/427 -5860 Fax:763/427 -0520 www.haa- inc.com i December 20, 2012 Mr. Dave Carlberg VIA EMAIL: d.carlberg @andover.rrm.gov City of Andover 1685 Crosstown Blvd. NW Andover, MN 55304 RE: Revised Proposal for Re- subdivision of Outlot D and Lots 1 -9, Block 2, Parkside at Andover Station 2 "d Addition Dear Mr. Carlberg: Thank you for the opportunity to submit a proposal for our services. I understand that the scope of our services is to be as follows: SCOPE OF SERVICES • Preliminary Plat • Compute plot and draft preliminary plat. • Existing easement vacation description and exhibit. • Boundary and topographic field survey. • Final Plat • Design, compute, draft final plat and depict easements to be dedicated to Anoka County and Andover requirements. • Submit to Anoka County for review. • Have final plat recordable mylars produced (by others). • Set final property corners and monumentation letter to City of Andover. TotalCost ............................................. ............................... ......................$4,980.00 The above cost is a fixed fee amount and will not be exceeded unless additional work beyond our scope of services is requested. This cost is conditioned upon the following: • Costs do not include fees payable to the City, County, etc. or costs of the preparation of the Mylar recordable copies of the final plat • Topographic survey will be as per City preliminary plat requirements. • No meeting time was included in this proposal. • Utilities will be depicted on the preliminary plat as per a Gopher State One Call locate. • Client to furnish copy of current title commitment and supporting documents. Dave Carlberg December 17, 2012 Page 2 Hakanson Anderson will start immediately upon a notice to proceed and will work diligently to complete the project within the City of Andover's time frame. If this proposal meets with your approval, please sign the acceptance below and return a copy to our office. If you have any questions or need any further information, feel free to call at your convenience. Sincerely, Hakanson Anderson Char s R. Christ pherson, P.L.S. Vice President ACCEPTANCE OF PROPOSAL: The above fees and conditions are satisfactory and hereby accepted. Hakanson Anderson is authorized to do the work as specified. Invoices for the above work will be issued on a monthly basis and at the completion of the project. Payment for invoices will be due within thirty (30) days of the date of billing. Accepted by: Name /Title Date: Hakanson Anderson A,Lb 6, Y A (go 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100 FAX (763) 755 -8923 • WWW.CI.ANDOVER.MN.US TO: President and Commissioners FROM: Jim Dickinson, Executive Director David L. Carlberg, Community Development Director SUBJECT: Bunker /Crosstown Redevelopment Area Discussion DATE: January 2, 2013 INTRODUCTION The EDA is requested to receive an update from staff on the redevelopment of the Bunker Lake Boulevard/Crosstown area. The closing of the Stop and Shop property has occurred. The City has gained possession of the property and will be evaluating the building for items to be salvaged and/or resold. Staff will be soliciting bids this spring to raze the building, pumps and underground tanks. Soil corrections and any other environmental issues will also occur at this time. Staff continues to monitor the availability of properties in the area for acquisition and removal. ACTION REQUESTED The EDA is requested to continue discussions on the redevelopment of this area. Respectfully submitted, David L. Carlberg