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HomeMy WebLinkAboutAugust 21, 2012T Y O F © ANDOVEA 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100 FAX (763) 755 -8923 • WWW.ANDOVERMN.GOV ECONOMIC DEVELOPMENT AUTHORITY MEETING August 21, 2012 6:00 p.m. Conference Rooms A & B 1. Call to Order— 6:00 p.m. 2. Approval of Minutes (August 8, 2012 Regular; August 8, 2012 Closed) 3. EDA Activity - Project Status Update © 4. Selection of Venue for 2013 Annual Business Development Day 5. Parkside at Andover Station /Authorized Project Expenses 6. Other Business 7. Closed Session: Update on Property Negotiations Crosstown/Bunker Redevelopment Area 8. Adjournment ANL6 6 1 Y a jOq SJ ANDOVER ECONOMIC DEVELOPMENT AUTHORITYMEETING AUGUST 21, 2012 - MINUTES A meeting of the Andover Economic Development Authority was called to order by President Mike Gamache, August 21, 2012, 6:00 p.m., at the Andover City Hall, 1685 Crosstown Boulevard NW, Andover, Minnesota. Present: Commissioners Sheri Bukkila (arrived 6:06 pm), Tony Howard, Mike Knight, Julie Trude, Joyce Twistol and Robert Nowak Absent: None Also present: Community Development Director, David Carlberg Executive Director, Jim Dickinson Public Works Director /City Engineer, Dave Berkowitz APPROVAL OFMINUTES August 8, 2012, Regular Meeting: Correct as presented. Motion by Knight, Seconded by Howard, approval of the Minutes as presented. Motion carried unanimously (Twistol absent). August 8, 2012 Closed Meeting: Correct as presented. Motion by Knight, Seconded by Howard, approval of the Minutes as presented. Motion carried unanimously (Twistol absent). EDA ACTIVITY — PROJECT STATUS UPDATE Mr. Carlberg updated on the following: 2012 Special EDA Events — August 22nd is the last scheduled concert event for 2012. The Andover High School Band will be performing at the Andover Station pergola. © Andover Station Area Medians — Staff is requesting a quote from Prairie Restorations to spray the weeds. Staff is also checking on warranty coverage for the plugs that were planted last year. Andover Station North — Two commercial real estate brokers are watching the Wal -mart situation and have been in contact with staff. © Andover Economic Development Authority Meeting Minutes —August 21, 2012 Page 2 Parkside at Andover Station — Hakanson Anderson is preparing the preliminary plat. The preliminary plat will be on the September 11th Planning and Zoning Commission meeting and September 18th City Council meeting. Retail Market Analysis — Mr. McComb presented the results of the Retail Market Analysis on August 15, 2012. Only one business owner showed up to the presentation, this was disappointing. Mr. Carlberg is putting together a summary of the study results. The results and summary will be placed on the City website. Monument/Entrance Signs — The electronic reader board on Crosstown/Bunker is complete, Connexus will run power to it next week. The Round Lake Boulevard entrance sign is under construction and will be installed when completed. The Bunker Lake Boulevard east sign is scheduled for installation in September /October. SELECTION OF VENUE FOR 2013 ANNUAL BUSINESS DEVELOPMENT DAY Mr. Carlberg indicated the EDA has set June 19, 2013 date for the event. Staff is looking for the EDA to pick the venue for the event. Staff received four quotes, with Rum River Hills Golf Club ® coming in with the lowest quote. Commissioner Trude indicated she would like staff to market the event for those businesses not interested in golfing but should be encouraged to come to the dinner for networking opportunities. The event was discussed. The consensus of the EDA is to allow the EDA President and staff to make the final decision for the venue. PARKSIDE AT ANDOVER STATION /AUTHORIZED PROJECT EXPENSES Mr. Dickinson indicated the project is moving along per the purchase agreement with Capstone Homes. Staff is looking for the EDA to authorize the necessary project expenses. Mr. Berkowitz indicated a feasibility report is not required for the project since the parcels will not be assessed. Bid opening will take place on September 17`h, Council approval on September 180' and construction will begin on October 1St Motion by Trude, Seconded by Knight, authorizing the Executive Director to move forward in © procuring bids for the earth work that needs to happen to market the Parkside at Andover Station plat. Motion carried unanimously. OTHER BUSINESS © Andover Economic Development Authority Meeting Minutes —August 21, 2012 Page 3 Mr. Dickinson stated after talking to the City's fiscal advisors, Elhers and Associates, the EDA may have the opportunity to refinance the Community Center and save some money. Mr. Dickinson explained the bond process. He indicated with a taxable bond sale at a 3% state minimum the City could save $400,000 to $500,000. Motion by Trude, Seconded by Bukkila authorizing the Executive Director to send out RFPs for underwriters to assist with negotiating. Motion carried unanimously. ADJOURNMENT Motion by Bukkila, Seconded by Howard to adjourn. Motion carried unanimously. The meeting adjourned at 6:34 p.m. Respectfully submitted, Michelle Hartner, Recording Secretary H