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HomeMy WebLinkAboutNovember 19, 2013X ANDOVER ECONOMIC DE VELOPMENT A UTHORITY MEETING NOVEMBER 19, 2013 - MINUTES A meeting of the Andover Economic Development Authority was called to order by President Mike Gamache, November 19, 2013, 6:00 p.m., at the Andover City Hall, 1685 Crosstown Boulevard NW, Andover, Minnesota. Present: Commissioners Tony Howard, Mike Knight, Julie Trude, Robert Nowak and Joyce Twistol Absent: Commissioner Sheri Bukkila Also present: Community Development Director, David Carlberg Executive Director, Jim Dickinson (arrived 6:18 p.m.) Public Works Director /City Engineer, Dave Berkowitz APPROVAL OFMINUTES © October 1, 2013, Regular Meeting: Correct as presented. Motion by Howard, Seconded by Twistol, approval of the Minutes as presented. Motion carried unanimously. APPROVE LMCIT LIABILITY COVERAGE - EDA Motion by Trude, Seconded by Knight, to approve the LMCIT Liability Coverage and to not waive the monetary limits on tort liability established by Minnesota Statutes 466.04. Motion carried unanimously. APPROVE PURCHASE AGREEMENT WITH CAPSTONE HOMES FOR 8 -PLEX LOTS Mr. Carlberg indicated Capstone Homes has signed a purchase agreement to purchase Lots 1, 1A,2,3,4,4A,5,6,7,7A,8,9, Block 2, Parkside at Andover Station for the purpose of building an 8- plex residential building. The closing date is scheduled for December 15, 2013, with construction to start in the spring of 2014. Motion by Knight, Seconded by Howard, approving the Purchase Agreement with Capstone Homes for the purchase of Lots 1,1A,2,3,4,4A,5,6,7,7A,8,9, Block 2, Parkside at Andover Station. President Gamache asked if there was any further discussion. Commissioner Trude indicated she has concerns regarding what the building will look like, will © Andover Economic Development Authority Meeting Minutes — November 19, 2013 Page 2 the building be part of the current townhome association, and if Capstone will be able to rent the units instead of selling them. Mr. Carlberg replied the 8 -plex building plan is the original Bruggeman building plan approved with the PUD. If Capstone wanted to change the building plan the Council would need to amend the PUD. Mr. Carlberg indicated Capstone could rent the units as long as he applied for a single - family rental license. Mr. Dickinson indicated the purchase agreement states the property is listed as additional real estate for the current Parkside Townhome Association. The motion was called to vote. Motion carried unanimously. TIF 1 -6 DISTRICTIMEASUREMENT SPECL4LTIES /FOLLOW UP ITEMS Mr. Carlberg stated all documents for creating TIF District 1 -6 are complete and will be sent for certification. © Mr. Carlberg indicated the purchase agreement and development agreement with Measurement Specialties, Inc. have been executed by both parties and a closing date is in the process of being scheduled. Measurement Specialties has hired Environ an environmental firm out of Chicago to perform a Phase II environmental review as a part of their due diligence process. Staff will continue to work the MPCA on the installation of the gas probe monitoring well required due to the close proximity of the property to the WDE site. Measurement Specialties anticipate construction to begin in the spring of 2014. CHERRYWOOD ADVANCED LIVING UPDATE Mr. Carlberg stated Cherrywood Advanced Living started construction October 15, 2013. They anticipate construction to be done by April 1, 2014. Cherrywood Staff will take occupancy, train and furnish the facility during the month of April, with the first residents moving in May 1, 2014. ANDOVER STATIONNORTH UPDATE Mr. Carlberg updated on the following: Dynamic Sealing Technologies, Inc. — DSTI is close to signing a final Purchase Agreement. An agreement has been reached on the purchase price and a closing date on or before July 1, 2014. Construction to begin in 3 — 5 years. Pizza Ranch — Pictures of construction were reviewed. Hiring was conducted in November. Opening of the restaurant will occur by the end of the year. Andover Economic Development Authority Meeting Minutes — November 19, 2013 Page 3 Commissioner Nowak asked about the vacant bank in Andover Station North. Mr. Dickinson indicated there has been interest from a couple of banks and he remains in contact with the owner of the property. REDEVELOPMENT DISCUSSION Mr. Carlberg indicated seed has been planted at the Stop -N -Shop parcel. Mr. Dickinson stated a 4 -plex located on 138`h Avenue is in foreclosure, the Sheriff Sale will take place soon. Staff continues to monitor the area. SET ANDOVER BUSINESS DEVELOPMENT DAYDATE Mr. Carlberg indicated the EDA is being asked to select a venue for the 2014 Annual Business Development Day, which will be held Wednesday, June 18, 2014. Staff received two price quotes for the event. Rum River Hills Golf Club ($48.00) and Green Haven ($67.98). Motion by Knight, Seconded by Howard approving Rum River Hills Golf Club as the venue for the 2014 Annual Business Development Day, June 18, 2014. Motion carried unanimously. REVIEW /APPROVE 2014 PROPOSED EDA B U0 GET This item will be brought to the December 3, 2013 meeting. OTHER BUSINESS Mr. Dickinson handed out and reviewed the November 2013 Forecast Cash Flow Analysis — TIF Project Accounts Districts 1 -1 & 1 -2. Mr. Dickinson indicated there will be funds available for Crosstown/Bunker Lake Boulevard redevelopment acquisition. ADJOURNMENT Motion by Trude, Seconded by Howard to adjourn. Motion carried unanimously. The meeting adjourned at 7:04 p.m. Respectfully submitted, Michelle Hartner, Recording Secretary x C II T Y `0 F 0 P ND60V 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100 FAX (763) 755 -8923 • WWW.ANDOVERMN.GOV ECONOMIC DEVELOPMENT AUTHORITY MEETING November 19, 2013 6:00 p.m. Conference Rooms A & B 1. Call to Order — 6:00 p.m. 2. Approval of Minutes (October 1, 2013) 3. Approve LMCIT Liability Coverage - EDA 4. Approve Purchase Agreement with Capstone Homes for 8 -plex lots © 5. TIF 1 -6 District /Measurement Specialties /Follow Up Items 6. Cherrywood Advanced Living Update 7. Andover Station North Marketing Update 8. Redevelopment Discussion 9. Set Andover Business Development Day Date 10. Review /Approve 2014 Proposed EDA Budget 11. Other Business 12. Adjournment Dili