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Home My WebLink AboutEDA - February 5, 2013C T Y O F 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100 FAX (763) 755 -8923 • WWW.ANDOVERMN.GOV ECONOMIC DEVELOPMENT AUTHORITY MEETING February 5, 2013 6:00 p.m. Conference Rooms A & B 1. Call to Order — 6:00 p.m. 2. Approval of Minutes (January 2, 2013 Regular) 3. Andover Station North Lot Sale Update 4. Parkside at Andover Station Land Sale Update 5. Redevelopment Discussion 6. Other Business 7. Adjournment A'Lb 6, IMF`. (2) --jo 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: February 5, 2013 INTRODUCTION The following minutes were provided by Staff reviewed by Administration and submitted for EDA approval: January 2, 2013 Regular DISCUSSION The minutes are attached for your review. ACTION REQUIRED The EDA is requested to approve the above minutes. Respectfully submitted, w 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 ECONOMIC DEVELOPMENT AUTHORITY MEETING JANUARY 2, 2013 - MINUTES A meeting of the Andover Economic Development Authority was called to order by President Mike Gamache, January 2, 2013, 6:00 p.m., at the Andover City 4m _1685 Crosstown Boulevard NW, Andover, Minnesota. Present: Absent: Also present: APPROVAL OF December 4, 2012, Commissioners Sheri Bukkila, Tony Hot Trude, Robert Nowak and Joyce Twistol None , David Mike Knight, Julie Minutes as presented. Motion carried and staff appointments are as follows: President — Mike Gamache Vice - President — Julie Trudeay Secretary — Tony Howard Treasurer — Mike Knight Assistant Treasurer — Sheri Bukkila Resident Commissioner — Robert Nowak Sr. Resident Commissioner — Joyce Twistol Executive Director — Jim Dickinson Staff Support — Dave Carlberg Recording Secretary — Michelle Hartner Motion by Trude, Seconded by Howard, to reappoint EDA Officers and Staff. Motion carried unanimously. 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 —January 2, 2013 Page 2 ANDOVER STATION NORTH LOT SALE DISCUSSION Mr. Carlberg indicated staff has been in a contact with a business on their interest to purchase 4 -5 acres in Andover Station North. The company would be looking at construction of a 25,000 — 30,000 square foot building and they currently have 100 employees. Mr. Carlberg stated he met with the business owner on site who showed interest in the property, the owner asked about the City's interest in providing assistance financial incentive to the company. The parcel was discussed. Mr. Dickinson stated staff is looking for direction from the EDA, if this is something the EDA would like to entertain. The EDA directed staff to continue to pursue the business. PARKSIDE AT ANDOVER STATION LAND SALE DISCUSSION Mr. Carlberg indicated staff has been working with Cherrywood Advanced Living on a parcel located at Parkside at Andover Station. The PUD requirements can be met and the Big Lake site plan fits nicely on the Parkside parcel. The existing storm utilities will need to be relocated, this is an estimated cost of $30,000 for the EDA. The parcel will also need to be replatted at an estimated cost of $5,000 for the EDA. Motion by Trude, Seconded by Howard, authorizing the Executive Director to spend up to $35,000 to relocate utilities and replat the property at Parkside at Andover Station. Motion carried unanimously. Mr. Dickinson indicated Capstone Homes will be taking down two more lots in a few weeks. REDEVELOPMENT DISCUSSION Mr. Carlberg stated the City now owns the property at 13725 Crosstown Drive, location of the Stop N Shop. Closing took place on December 31, 2012. Staff has secured the building and plan for spring demolition of the building and removal of the tanks. Staff will savage what can be salvaged from the site. OTHER BUSINESS There was none. ADJOURNMENT Andover Economic Development Authority Meeting Minutes —January 2, 2013 Page 3 Motion by Trude, Seconded by Bukkila to adjourn. Motion carried unanimously. The meeting adjourned at 6:40 p.m. Respectfully submitted, Michelle Hartner, Recording Secretary C I T Y O F ND OVE: 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 Develop ent Director SUBJECT: Andover Station North Lot Sale Update DATE: February 5, 2013 INTRODUCTION Staff continues to work with a company on their interest in purchasing land in Andover Station North. The property is located on Jay Street NW just east of Hanson Boulevard NW. The company has retained an architectural firm to do preliminary site and building deigns as well as determining development costs on a 25,000 square foot building to be built on four (4) acres. The company is also preparing a business subsidy application to create an Economic Development District, Tax Increment Financing District as discussed at the January 2, 2013, EDA meeting. ACTION REQUESTED Receive update and provide direction if necessary. Respectfully submitted, David L. Carlberg ANLb 6 V 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 Director FROM: David L. Carlberg, Community Development Director SUBJECT: Parkside at Andover Station Update DATE: February 5, 2013 INTRODUCTION The EDA is requested to receive an update from the Community Development Director on recent developments at Parkside at Andover Station. DISCUSSION Capstone Homes has acquired ten lots from the EDA, the last three lots closed on January 7th. The Purchase Agreement with Capstone Homes called for the take down of an additional lot within 120 days of the date of the closing of the initial sale of the two lots which was June 1, 2012, and an additional lot every 45 days thereafter (6 lots to be acquired by February 15, 2013). Therefore, Capstone Homes is ahead of the take down schedule. We are anticipating Capstone Homes purchasing an additional lot in February bringing the total to 1 l lots acquired. Staff continues to work through minor revisions to the Purchase Agreement with Cherrywood Advanced Living for the 20 unit senior housing project. The City Attorney is currently reviewing the final draft. Once approved, the replatting of the property will occur to create one lot. ACTION REQUESTED Receive presentation and provide input if necessary. Respectfully submitted, David L. Carlberg r� 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 De vel ent Director SUBJECT: Bunker /Crosstown Redevelopment Area Discussion DATE: February 5, 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, D—./p W David L. Carlberg