HomeMy WebLinkAboutEDA - May 19, 2015`.'
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1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100
FAX (763) 755 -8923 • WWW.AN DOVE RM N.GOV
ECONOMIC DEVELOPMENT AUTHORITY
MEETING
May 19, 2015
6:00 p.m.
Conference Rooms A & B
1. Call to Order — 6:00 p.m.
2. Approval of Minutes (April 21, 2015 Regular)
3. Economic Development Updates (verbal)
4. Redevelopment Updates (verbal)
5. Other Business
6. Adjournment
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1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100
FAX (763) 755 -8923 • WWW.ANDOVERMN.GOV
TO: Economic Development
CC: Jim Dickinson, City Administrators
FROM: Michelle Harmer, Deputy City
SUBJECT: Approval of Minutes
DATE: May 19, 2015
INTRODUCTION
The following minutes were provided by Staff reviewed by Administration and submitted
for EDA approval:
April 21, 2015 Regular
The minutes are attached for your review.
ACTION REQUIRED
The EDA is requested to approve the above minutes.
{�Resspectfully submitted,
�►� 4
Michelle Harmer
Deputy City Clerk
Attach: Minutes
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ANDOVER ECONOMIC DEVELOPMENT AUTHORITYMEETING
APRIL 21, 2015 -MINUTES
A meeting of the Andover Economic Development Authority
Trude, April 21, 2015, 6:00 p.m., at the Andover City Ha
Andover, Minnesota.
Present:
Absent:
Also present:
Commissioners
Timothy Cleven
Commissioner S
Community De-,
Executive Direc
Public Works D.
APPROVAL OF MINUTES
March 17, 2015, Regular Meeting: Correct
Motion by Knight, Seconded by
Twistol
A to order by President Julie
Crosstown Boulevard NW,
Valerie Holthus,
Director, Dave
, Dave
the Minutes as presented. Motion carried
2, BLOCK 1, ANDOVER STATION
Mr. Carlberg indicated Minnesota State Statute requires a public hearing prior to any EDA land
sale. Lot 2, Block 1, Andover Station North 2"d (13753 Ibis Street) is being sold.
Motion by Knight, Seconded by Goodrich, to open the public hearing at 6:03 p.m. Motion
carried unanimously.
No one wished to address the Commission.
Motion by Holthus, Seconded by Knight, to close the public hearing at 6:04 p.m. Motion carried
unanimously.
Motion by Twistol, Seconded by Cleven, to approve the land sale resolution of Lot 2, Block 1,
Andover Station North 2°d Addition. Motion carried unanimously. (See EDA Resolution R002-
15)
Andover Economic Development Authority Meeting
Minutes — April 21, 2015
Page 2
APPROVE PURCHASE AGREEMENT —LEON PROPERTIES UNO, LLC
Mr. Carlberg indicated the EDA is requested to approve the Purchase Agreement with Leon
Properties Uno, LLC for the purchase of Lot 2, Block 1, Andover Station North 2 "d Addition.
The 1.3 acre parcel is being sold for $450,000; the price does include park dedication fees.
Closing will take place on or before June 30, 2015. Mr. Carlberg stated the buyer will be
constructing a 6,500 square foot restaurant.
9 Mr. Carlberg highlighted a few items in the Purchase Agreement. The Seller is to provide a
10 survey of the property. The survey was done today by Hakanson Anderson. The Seller will
11 provide 2 years of environmental indemnification for the property. The Buyer will need to meet
12 the requirements of the design guidelines for Andover Station North.
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14 Mr. Dickinson indicated since this is not a direct sale, the EDA is obligated to pay a broker fee.
15 President Trude asked the broker to introduce himself. Mr. Marty Fisher indicated he is a
16 commercial real estate broker out of Ramsey. On behalf of the EDA and the City, President
17 Trude thanked Mr. Fisher for his hard work bringing a new business to Andover.
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19 Motion by Goodrich, Seconded by Knight to approve the Purchase Agreement for the sale of Lot
20 2, Block 1, Andover Station North 2"d Addition. Motion carried unanimously.
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22 ECONOMIC DEVELOPMENT UPDATES
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24 Mr. Carlberg updated on the following:
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26 Foundation Hill Montessori — Closing is set for May 5, 2015 for the parcel located at 1730 139h
27 Lane. Griffen Property Holdings LLC plan to construct a 6,000 square foot addition to the
28 existing building.
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30 Marketing — Staff continues to help market the Kottkes property on Bunker Lake Boulevard and
31 the TCF property located in front of Festival Foods.
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33 TE Connectivity — They expect within the next year the business will employ 240 -250 people.
34
35 Bunker Lake Boulevard Medians — Mickman Brothers quoted $14,000 to reconnect the
36 irrigation system in the medians. Prairie Restorations did some additional plantings last fall.
37 The EDA decided to not reconnect the irrigation and see what happenings with the additional
38 plantings. The EDA concurred to make a final decision regarding the medians this fall.
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40 7�h Avenue & Bunker Lake Boulevard — 14259 7d' Avenue has 5 acres zoned Commercial, while
41 the rest is zoned Multi - Family. The property owner does have a real estate broker marketing the
42 property. 14327 7d' Avenue is owned by Centerpoint Energy, they are in the process of adding
43 two more storage fuel tanks on the property.
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Andover Economic Development Authority Meeting
Minutes —April 21, 2015
Page 3
1 Andover Station Banner Replacement — There are 108 banners located in Andover Station and
2 Andover Station North. The approximate cost to replace the banner brackets is $11,000 and
3 $6,000 to replace the banners. Commissioner Twistol stated she would like to see the banners
4 replaced.
6 Commissioner Holthus asked if the businesses in the area contribute to the cost of the banners.
7 Mr. Carlberg answered they do not. President Trude asked if there is money in the budget for the
8 banners. Mr. Dickinson indicated there is.
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10 Commissioner Holthus suggested replacing the banners in the main intersection areas, Martin
11 Street east to Quinn Street in Andover Station and on Jay Street by Pizza Ranch and TE
12 Connectivity in Andover Station North. The EDA agreed.
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14 President Trude requested staff bring back the estimated cost of replacing the banners in the areas
15 indicated above and a sample of the banner to a future meeting.
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17 REDEVELOPMENT UPDATES (BUNKER LAKE BOULEVARD BETWEEN
18 CROSSTOWN BOULEVARD AND CROSSTOWN DRIVE)
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20 Mr. Dickinson stated there has been interest in the area. One parcel is in short sale, the bank
21 would prefer to finance the parcel to try and recoup some of the money they would losing on the
22 short sale.
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24 Mr. Dickinson indicated staff will continue to monitor the area.
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26 OTHER BUSINESS
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28 There was none.
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30 ADJOURNMENT
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32 Motion by Twistol, Seconded by Holthus to adjourn. Motion carried unanimously. The meeting
33 adjourned at 6:58 p.m.
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35 Respectfully submitted,
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38 Michelle Hartner, Recording Secretary