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Home My WebLink AboutEDA - January 5, 2016N O D VE 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100 FAX (763) 755 -8923 • WWW.ANDOVERMN.GOV ECONOMIC DEVELOPMENT AUTHORITY MEETING January 5, 2016 6:00 p.m. Conference Rooms A & B 1. Call to Order — 6:00 p.m. 2. Approval of Minutes (December 15, 2015) 3. Organizational Items 4. Discuss Pond Name — Andover Station 5. Land Sale Updates (verbal) 6. Redevelopment Updates (verbal) 7. Other Business 8. Adjournment FrAi� .�,�. r . mi'LNDO -- - 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: January 5, 2016 INTRODUCTION The following minutes were provided by Staff reviewed by Administration and submitted for EDA approval: December 15, 2015 Regular DISCUSSION The minutes are attached for your review. ACTION REQUIRED The EDA is requested to approve the above minutes. Respectfully submitted, 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 48 ANDOVER ECONOMIC DEVELOPMENT A UTHORITY MEETING — DECEMBER 15, 2015 - MINUTES The Meeting of the Andover Economic Development Authority was called to order by President Julie Trude, December 15, 2015, 6:00 p.m., at the Andover City Hall, 1685 Crosstown Boulevard NW, Andover, Minnesota. Present: Commissioners Sheri Timothy Cleven and: Absent: Commissioner Also present: Executive Director; APPROVAL OF MINUTES November 17, 2015, RezularMeetinjz: Correct as Motion by Bukkila, Seconded by Twistol, to ayes, 0 nays and 1 present ( Cleven). 1 -3 Goodrich, Mike Knight, Holthus the minutes as presented. Motion carried 5 _ EXTENSION OF NOTE FOR TIF Mr. Carlberg explained the presentation 'by.,Presbyterian Homes for the extension of the note for TIF District 1 -3 has been tabled to the January 19, 2016 EDA meeting. He reviewed Presbyterian Homes is requesting the TIF note extension for 10 years. By extending the note Presbyterian Homes would be required to make qualifying improvements to the senior housing development and provide 28 affordable units. Commissioner Twistol asked if the extension were approved does it have to go the entire 10 years. Mr. Dickinson answered it does not. Mr. Dickinson stated the EDA will want to look at the merits of their presentation and need of affordable senior housing, before making their decision. President Trude stated she would like to see the note extended to keep the affordable housing available. Commissioner Bukkila indicated the 20% affordable housing is corporate. Mr. Dickinson 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 Andover Economic Development Authority Meeting Minutes —December 15, 2015 Page 2 explained if Presbyterian Homes has a note with the city they are required to provide 20% affordable housing and must provide documentation for the Farmstead project. Mr. Dickinson indicated Presbyterian Homes could always provide more than the minimum at the Farmstead. Commissioner Knight asked if Andover is meeting the needs for senior housing. Mr. Carlberg stated the city is meeting the market needs right now. Mr. Carlberg indicated a developer would not proceed with a project unless it is needed and housing studies supported that. The EDA discussed the senior housing needs in Andover. Commissioner Goodrich asked what the benefit is to the city by extending the note. Mr. Carlberg answered it helps with the Met Council goals for high density and affordable housing. Mr. Carlberg indicated after the presentation the EDA can decide and give staff direction on the extension of the Note for TIF District 1 -3. Motion by Kight, Seconded by Twistol to schedule an EDA Meeting for January 19, 2016 at 6:00 p.m. Motion carried unanimously. APPROVE FIRST AMENDMENT TO THE PURCHASE AGREEMENT — INVENTURE PROPERTIES, LLC Mr. Carlberg explained the Purchase Agreement between the EDA and Inventure Properties, LLC for the sale of the property located at 13725 Crosstown Drive established a closing date of December 1, 2015. Since the City Council approved the sale of the property adjacent, located at 2604 138th Avenue to Inventure Properties, LLC which established a closing date of March 1, 2016, Inventure Properties, LLC would like to close on both properties March 1, 2016. The First Amendment to the Purchase Agreement would be to allow Inventure Properties, LLC to close on both parcels March 1, 2016. Motion by Bukkila, Seconded by Knight, to approve the First Amendment to the Purchase Agreement with Inventure Properties, LLC. The Motion carried unanimously. DISCUSS /APPROVE 2016 EDA BUDGET Mr. Dickinson reviewed the 2016 EDA budget with the Commissioner Twistol asked on the Budget Worksheet what Inter -City Labor Allocation was. Mr. Dickinson replied that is staff s time working on EDA items. Mr. Dickinson indicated a majority of the EDA expenses is for Andover Station maintenance. President Trude stated she thought someday the expenses could be turned back over to the businesses in Andover Station. Mr. Dickinson replied the City does have an obligation to some of the expenses, such as the Bunker Lake Boulevard medians and Martin Street. 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 Andover Economic Development Authority Meeting Minutes — December 15, 2015 Page 3 Motion by Goodrich, Seconded by Knight approving the 2016 EDA budget. Motion carried unanimously. REDEVELOPMENT UPDATEMUNKER LAKE BOULEVARD /CROSSTOWN DRIVE Mr. Carlberg revealed the first drawings of the office building to be constructed at 13725 Crosstown Drive. The EDA was very pleased with the drawings. OTHER BUSINESS Mr. Carlberg informed the EDA Friday, December 18, 2015 at 2:00 p.m. there will be a ribbon cutting at Essentials of Life Chiropractic and a ribbon cutting at 2:10 p.m. for Premier Bank, both located at 1777 Bunker Lake Boulevard NW. ADJOURNMENT Motion by Bukkila, Seconded by Goodrich, to adjourn. Motion carried unanimously. The meeting adjourned at 6:46 p.m. Respectfully submitted, Michelle Hartner, Recording Secretary A C I T Y • NLD6 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100 FAX (763) 755 -8923 • WWW.AN DOVE RMN.GOV TO: FROM: SUBJECT: DATE: President and Commissioners Jim Dickinson, Executive Director Organizational Items - Appoint Officers of the Andover Economic Development Authority (EDA) January 5, 2016 INTRODUCTION The Andover EDA is comprised of seven (7) commissioners, five (5) commissioners are the members of the Andover City Council serving terms that coincide with their Council terms and two (2) voting resident members serving six (6) year terms. DISCUSSION The current Andover EDA officers with EDA terms and staff appointments are as follows: President Julie Trude Vice - President Valerie Holthus Secretary Joyce Twistol Treasurer Mike Knight Assistant Treasurer Sheri Bukkila Commissioner James Goodrich Resident Commissioner Timothy Cleven Executive Director Jim Dickinson Staff Executive Director Jim Dickinson Recording Secretary Michelle Hartner Staff Support Dave Carlberg ACTION REQUESTED (Term expired 01/02/17) (Term expires 01/01/19) (Term expires 01/01/20) (Term expires 01/02/17) (Term expires 01/02/17) (Term expires 01/01/19) (Term expires 01/01/20) Discuss /Appoint officers for the EDA and appoint the Support Staff. itted, ITDOVER 1685 CROSSTOWN BOULEVARD N.W. y ANDOVER, MINNESOTA 55304 y (763) 755 -5100 FAX (763) 755 -8923 y WWW.CI.ANDOVER.MN.US TO: EDA President and Commissioners CC: Jim Dickinson, Executive Director FROM: David L. Carlberg, Community Development Director SUBJECT: Discuss Pond Name — Andover Station DATE: January 5, 2016 REQUEST The EDA is requested to discuss the name of the pond located in Andover Station. Attached is a list of the name suggestions received to date. ACTION REQUESTED Select a name for the pond from the attached list. Respectfully submitted, � � J, oL (,:)� L � David L. Carlberg Name Tingelstad Park Partridge Pond Lazy Waters Pond Lazy Waters Park Neville's Pond Pollinator Pond Park Andover Station Pond Patriot Pond Grace Pond Arrowhead Pond Veterans Pond Andover Community Pond Target Pond Lyle Bradley Pond Bunker Pond The Pond Pond of Andover Sophie's Pond Arcadia Pond Respite Pond Serenity Pond The Golden Pond "The Pond" at Andover Station Peaceful Pond Park of Andover Over and Over Pond Over & Over Pond Reasoning for Name After the legislator who helped secure the funding to clean up the site - Kathy Tingelstad. The pond lands right where Partridge Street would be if the roads were to be connected. Named in honor of couples deceased son Name would tie that pond/land to the Andover Pollinator Awareness Project Name after the development it is located in 6 suggestions or votes received After dogs name who loves walking around it means a very pleasant and quiet place or scene. means an interval of rest or relief. means the quality or state of being serene. since Andover colors are black and gold from the legendary folklore story of how Andover got its name. Dover Pond Yard Master Pond Golden Pond Dayton Pond Upshot Pond Firetire Pond Tailcat Pond Pinnacle Pond Bullseye Pond Penzoil Pond Mordant Pond Crown Pond Ruby Pond Half Seas Over Pond Mere Pond Pullman Pond Cornell Pond Postpovs Pond Rendova Pond Terminal Pond Renaissance Park R/C Pond Mom's Pond Steam Bath Slough LeDoux Pond Our Swans are Missing Pond Grow Town Pond (the last shot in an archery contest) (Old English word for pond) (CEO of Target Corp.) (the letters of Andover scrambled) the pond and the surrounding area were reclaimed from some pretty terrible junk yards Welcome Pond Welcome Square Unity Pond Sunset Pond River Ridge Pond Oak Ridge Pond Breezy Oaks Pond Meadow Ridge Pond Sandy Ridge Pond Honker Haven Pond Goose Ridge Pond Sunset Ridge Pond Dover Pond Peaceful Paradise Pond Panoramic Pergola Pond Picturesque Primrose Pond Depot Lake Clover Pond