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HomeMy WebLinkAboutApril 17, 2012AXb6V9 p 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100 FAX (763) 755 -8923 • WWW.ANDOVERMN.GOV ECONOMIC DEVELOPMENT AUTHORITY MEETING April 17, 2012 6:00 p.m. Conference Rooms A & B 1. Call to Order— 6:00 p.m. 2. Approval of Minutes (April 3, 2012 Regular) 3. Public Hearing — Land Sale Parkside at Andover Station © 4. Crosstown/Bunker Redevelopment Area 5. Trident Development (Arbor Oaks) Update 6. TIF District 1 -5 /TIF Plan Update 7. Other Business 8. Adjournment H 1►._J ANDOVER ECONOMIC DEVELOPMENT A UTHORITY MEETING APRIL 17, 2012 - MINUTES A Meeting of the Andover Economic Development Authority was called to order by President Mike Gamache, April 17, 2012, 6:00 p.m., at the Andover City Hall, 1685 Crosstown Boulevard NW, Andover, Minnesota. Present: Commissioners Sheri Bukkila, 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 OF MINUTES April 3, 2012, Regular Meeting: Correct as presented. Motion by Trude, Seconded by Knight, approval of the Minutes as presented. Motion carried unanimously. PUBLIC HEARING — LAND SALE PARKSIDE AT ANDOVER STATION Mr. Carlberg indicated a public hearing is required prior to any EDA land sale. Lots 1 -5, Block 1 and Outlot A and Outlot B, Parkside at Andover Station 2nd Addition are proposed to be sold to Capstone Homes Inc. Capstone Homes has received the proposed Purchase Agreement and are accepting of the changes made. Motion by Trude, Seconded by Knight to open the public hearing at 6:06 p.m. Motion by Knight, Seconded by Howard to close the public hearing at 6:07 p.m. Motion by Knight, Seconded by Bukkila approving the resolution approving the land sale of parcels located at Parkside at Andover Station 2nd Addition. Motion carried unanimously. CROSSTOWN /BUNKER REDEVELOPMENT AREA Mr. Carlberg indicated staff has been monitoring the area for buildings with rental or for sale © Andover Economic Development Authority Meeting Minutes —April 17, 2012 Page 2 signs. A vacant 4 -plex had a rental sign and staff contacted the property owner, there has been no response at this time from the owner. Commissioner Trude stated at the November 16, 2011 EDA workshop, she believed the consensus was to contact a relocation specialist for information on costs. She feels the cost for a long term project will be more than hiring a relocation specialist. President Gamache asked if the value of the properties is $150,000 - $180,000. Mr. Dickinson answered the value is based on the condition of the building. President Gamache suggested focusing on the area on Bunker Lake Boulevard and south of 138' Avenue. President Gamache asked for comments from the Commissioners. Commissioner Nowak suggested waiting six months before moving aggressively. Commissioner Trude indicated several years ago when this project was looked at it would have cost the City 3 million dollars, at this time she believes it would be a 1.2 million dollar project. ® Mr. Dickinson replied to be aggressive without the buildings being vacant each 4 -plex could cost $350,000 plus. Commissioner Trude suggested bringing someone in from another city to question that has done this type of redevelopment area. Commissioner Trude indicated the City could pursue some grants to help property owners to refurbish the property. Mr. Dickinson stated there have been funds available through CDBG in that area for years, only a few owners have taken advantage of the funds. Commissioner Howard stated he would like to bring someone in to give the EDA some numbers on what the project could cost. Commissioner Twistol would like to see the EDA be aggressive with this project. Mr. Dickinson reminded the EDA some of the buildings are owner occupied, this puts then into a different situation because you would be taking away a source of their income. President Gamache asked if the City is a member of the Met Council's Livable Communities. Mr. Dickinson stated the City is not a member; The Livable Communities Program would be the largest source of grant funds available to the City. Mr. Dickinson suggested some options to the EDA for the area: © Create a Redevelopment District Create a TIF District Issue revenue bonds Utilize the HRA and exercise levy authority and designate funds to work on this project. © Andover Economic Development Authority Meeting Minutes —April 17, 2012 Page 3 Mr. Carlberg reminded the EDA staff is watching the area very closely and actively pursuing available property. President Gamache stated the results from the Market Analysis Study could indicate if the area should accommodate commercial or residential. Mr. Carlberg indicated waiting for the analysis results is a good point. Commissioner Trade stated she would like a relocation specialist to come and talk to the EDA. Commissioner Knight stated he would like to know the demand for apartment housing in the City. Mr. Dickinson answered studies show a demand for rental housing in Andover. President Gamache asked the EDA what is needed from staff. Commissioner Trade replied she would like staff to brain storm and bring the EDA options at their next meeting. ARBOR OAKS — TRIDENT DEVELOPMENT UPDATE Mr. Carlberg stated the preliminary plat has been submitted and is under review. © Mr. Dickinson indicated the process is moving along very well. TIF DISTRICT 1 -5 1TIF PLAN UPDATE Mr. Carlberg stated the Schedule of Events for TIF District 1 -5 is being followed. OTHER BUSINESS Mr. Dickinson stated the north end of the Community Center is used by the YMCA quite frequently in the summer for their summer programs and to get children onto buses. The Y would like to construct a 4 -foot high vinyl coated chain link fence in this area to contain the children from running into the road. The Y will pay for 100% of the project. Mr. Dickinson stated the City has requested a mow edge be put in along the fence, the Y has agreed. Commissioner Trade stated she is concerned about the look of the fence jetting out in the front of the building and would like to see some landscaping around it. President Gamache suggested the fence be placed back by the shelter. Mr. Dickinson stated he will bring the suggestions from the EDA to the Y. ADJOURNMENT © Motion by Bukkila, Seconded by Howard to adjourn. Motion carried unanimously. The meeting adjourned at 6:59 p.m. Respectfully submitted, © Andover Economic Development Authority Meeting Minutes —April 17, 2012 Page 4 Michelle Hartner, Recording Secretary Lam] H