HomeMy WebLinkAboutEDA - March 2, 2016Y 0 F
OjT L.
1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755-5100
FAX (763) 755-8923 • WWW.ANDOVERMN.GOV
ECONOMIC DEVELOPMENT AUTHORITY
MEETING
March 2, 2016
6:00 p.m.
Conference Rooms A & B
1. Call to Order— 6:00 p.m.
2. Approval of Minutes (1/5/16 Regular)
3. Approve Second Amendment to the Purchase Agreement — Final Results of Andover, LLC
4. Presentation — Trident Development, LLC — Estates at Arbor Oaks — TIF Housing District
5. Continue Discussion of Pond Name — Andover Station
6. 2015 Year in Review— EDA Projects (handout presented at meeting)
7. Other Business
8. Adjournment
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: March 2, 2016
INTRODUCTION
The following minutes were provided by Staff reviewed by Administration and submitted
for EDA approval:
January 5, 2016 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 DEVELOPMENTA UTHORITY MEETING—
JANUAR Y 5, 2016 - MINUTES
The Meeting of the Andover Economic Development Authority was called to order by President
Julie Trude, January 5, 2016, 6:00 p.m., at the Andover City. Hall, 1685 Crosstown Boulevard
NW, Andover, Minnesota.
Present:
Absent:
Also present:
APPROVAL OF
December 15, 2015
Motion by Twistol,
5 ayes, 0 nays and l
Mr. Die:
follows:
the
Commissioners Sheri Bukkila,
Valerie Holthus and Joyce'Tw.
Commissioner
Executive Director,
by
President — Julie Trude
Vice -President — Valeria Holthus
Secretary — Joyce Twist6l
Treasurer — Mike Knight `
Assistant Treasurer — Sheri Bukkila
Resident Commissioner — Timothy Cleven
Staff
Executive Director — Jim Dickinson
Staff Support — Dave Carlberg
Recording Secretary — Michelle Hartner
to
Cleven
Goodrich, Mike Knight,
Dave
Dave
the minutes as presented. Motion carried
EDA officers and staff appointments are as
Term expired 1/2/17
Term expires 1/1/19
Term expired 1/1/20
Term expires 1/2/17
Term expires 1/2/17
Term expires 1/1/20
Motion by Knight, Seconded by Twistol, to appoint EDA Officers and Staff for 2016:
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 —January 5, 2016
Page 2
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, Recording Secretary —
Michelle Hartner, Staff Support — Dave Carlberg. Motion carried unanimously.
DISCUSS POND NAME ANDOVER STATION
Mr. Carlberg indicated 72 names were submitted to staff for the pond by Target. President Trude
requested the EDA Commissioners go through the list and pick their top 5 and turn them into Mr.
Carlberg. He will then bring a shorter list back to the EDA at a future meeting.
LAND SALE UPDATES
Mr. Carlberg stated the Stop N Shop site has a closing date of March 1, 2016. He indicated
Inventure Properties LLC is working on the commercial site plan application and will be
submitting their plans within the next couple weeks. The plans will go through the commercial
site plan review process with staff.
President Trude asked about the inventory of land for the sale the City has. Mr. Carlberg
answered the City does not have any at this time for sale and he has been helping market
property for other property owners in the City, such as the Kottkes property and the TCF Bank
parcel. It was noted the EDA does still own a 4-plex lot.
REDEVELOPMENT UPDATES
Mr. Dickinson gave a brief up of the area of Bunker Lake Boulevard and Crosstown Drive
indicating staff has been working with a local broker and at this time there are no parcels on the
market in the area.
OTHER BUSINESS
President Trude asked about having a workshop meeting in February like they had last year. Mr.
Carlberg indicated Presbyterian Homes will be giving their presentation to the EDA on February
2"d President Trude suggested having a workshop later in the month.
Commissioner Bukkila stated the topics to be discussed at a workshop could be placed on a
regular EDA meeting agenda.
Mr. Carlberg indicated last year he provided a spreadsheet with the previous year's activities, he
could provide that again this year at the February meeting.
ADJOURNMENT
Motion by Bukkila, Seconded by Goodrich to adjourn. Motion carried unanimously. The
meeting adjourned at 6:25 p.m.
Andover Economic Development Authority Meeting
Minutes — January 5, 2016
Page 3
Respectfully submitted,
Michelle Hartner, Recording Secretary
1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755-5100
FAX (763) 755-8923 • WWW.CLANDOVER. MN. US
TO: EDA President and Board
CC:
CC: Jim Dickinson, Executive
FROM: David L. Carlberg, Community Development Director
SUBJECT: Approve Second Amendment to the Purchase Agreement — Final Results of Andover,
LLC —13725 Crosstown Drive NW
DATE: March 2, 2016
INTRODUCTION
The EDA is requested to approve the attached Second Amendment to the Purchase Agreement with
Final Results of Andover, LLC for the property located at 13725 Crosstown Drive NW to extend the
closing date to April 4, 2016.
BACKGROUND
The Purchase Agreement between the EDA and Inventure Properties, LLC for the sale of the
property located at 13725 Crosstown Drive NW established a closing date of December 1, 2015.
The EDA approved a First Amendment to the Purchase Agreement on December 15, 2015 to extend
the closing date to March 1, 2016. Please note that Inventure Properties, LLC recently assigned the
Purchase Agreement to Final Results of Andover, LLC.
The City Council also approved the sale of a small triangular piece of property adjacent to this
property located at 2604 138th Avenue NW to Inventure Properties, LLC on November 2, 2015.
The Purchase Agreement for this parcel established at March 1, 2016 closing date. Please note that
Inventure Properties, LLC recently assigned the Purchase Agreement to Final Results of Andover,
LLC. The City Council will also be asked to approve a First Amendment to the Purchase
Agreement to extend the closing date to April 4, 2016 so both properties can close on the same date.
ACTION REQUESTED
The EDA is requested to approve the attached Second Amendment to the Purchase Agreement.
�Respectt%fulllyd
submitted,
EJ��C
David L. Carlberg
Attachments
Second Amendment to the Purchase Agreement
SECOND AMENDMENT TO PURCHASE AGREEMENT
13725 Crosstown Drive NW (PIN 33-32-24-13-0046)
DATE: February 19, 2016
WHEREAS, the Andover Economic Development Authority (AEDA), (Seller), and
Final Results of Andover, LLC and /or its assigns. (Buyer) have entered into a
Purchase Agreement dated September 1, 2015 and a First Amendment to the Purchase
Agreement dated November 19, 2015 for the sale of the property located at 13725
Crosstown Drive NW (PIN 33-32-24-13-0046).
WHEREAS, the First Amendment to the Purchase Agreement extended the closing date
on said property to March 1, 2016.
WHEREAS, the Buyer has applied for and is awaiting results of a Phase I Environmental
Report and appraisal for the final determination of Buyer's financing.
WHEREAS, additional time is needed for the Buyer's financial institution to approve the
financing for the purchase of said property.
NOW THEREFORE, Seller and Buyer agree to the following:
1) The Closing date for the sale of the property located at 13725 Crosstown Drive
NW shall be extended to April 4, 2016.
2) Except as expressly amended hereby, all of the terms, provisions, covenants and
conditions of the September 1, 2015 Purchase Agreement are hereby ratified and
confirmed and shall continue in full force and effect.
Final Results of Andover, LLC
Douglas J. Boser, Chief Manager
Date
Page 1 of 1
Andover Economic Development
Authority (AEDA)
Julie Trude, President
Date
Jim Dickinson, Executive Director
Date
• F (!T)
"DOVE^
1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755-5100
FAX (763) 755-8923 • WWW.CI.ANDOVER.MN.US
TO: EDA President and Commissioners
CC: Jim Dickinson, Executive Director
FROM: David L. Carlberg, Community Dev pment Director
SUBJECT: Presentation — Trident Development, LLC — Estates at Arbor
Oaks — TIF Housing District
DATE: March 2, 2016
REQUEST
The Economic Development Authority (EDA) is requested to receive a presentation from
Roger Fink of Trident Development, LLC, requesting the EDA consider the establishment
of a Tax Increment Financing (TIF) Housing District for the Estates at Arbor Oaks, a
senior housing project, located at 1753 156`h lane NW. Attached is a letter from Mr. Fink
dated February 16, 2016 making the request.
BACKGROUND
Trident Development, LLC has received approval to build a 66 unit independent senior
living housing project to be known as the Estates at Arbor Oaks. To build the project,
Trident Development is requesting from the City of Andover a business subsidy in the
form of the creation of a TIF Housing District. The purpose for the creation of a TIF
Housing District is to provide financial assistance to assist in financing the project and to
insure that during the life of the district that twenty percent (20%) of the senior housing
units remain affordable. The EDA and City Council would have to find that without this
assistance, affordable units would not be provided in the project.
ACTION REQUESTED
Direct staff on how the EDA would like to proceed.
Respectfully submitted,
David L. Carlberg
TR IDENT
Development, LLC_.
3601 1 &h Suet South • Suiic =103 • St. Cloud, NIN 56.101
Phonc: 3?0158. 4438 - Fax: 320152.3603
February 16, 2016
Mr. David Carlberg
Community Development Director
Members of the Andover Economic Development Authority
1685 Crosstown Boulevard NW
Andover, MN 55304
VIA E-mail and U.S. Mail
Re: BUSINESS ASSISTANCE REQUEST
SENIOR RENTAL HOUSING DEVELOPMENT
Dear Mr. Carlberg and the Members of the Andover EDA:
On behalf of The Estates of Arbor Oaks, Trident Development, LLC is pleased to submit this
request for business assistance for your consideration. The following narrative is intended to
generally describe the proposed project, as well as the operations and experience of the
development team. It is also intended to serve as a basis for supporting business assistance for a
senior rental housing development in the City of Andover.
LOCATION — The proposed development site is located at 1753 —156'h Lane NW (Grey Oaks
subdivision). The subject property is currently vacant and consists of approximately 12.49+/ -
acres, of which 7.14 +/- acres are designated wetlands. During 2015, Trident worked with City to
obtain re -platting, site plan approval and building permit for the proposed project.
MARKET DEMAND - Trident Development authorized a market demand assessment for
senior housing to identify the unmet need for age -restricted (55+) rental housing in the Andover
market area. This report was prepared by Viewpoint Consulting Group, Inc. on January 8, 2015
and was further updated on June 2, 2015. A copy of this report is available upon request. The
report identifies an unmet need in the Andover market for 96 senior housing units of which 60%
are projected to be captured at the subject site. The afore -mentioned demand is "income -
qualified", meaning these residents have sufficient financial resources to pay "market -rate" rent.
It does not take into account the demand from those seniors who require reduced rent or rental
subsidies.
DESCRIPTION OF PROPOSED USE — The proposed use is a 66 -unit, independent senior
rental housing community. The current proposal contemplates a mix of one -bedroom apartments
(23), two-bedroom apartment units (34), two-bedroom + den (3) and three-bedroom units (6) for
a total of 66 dwelling units. The apartment units offer a variety floor plans which include a
complete kitchen with appliances, ceiling fans, window treatments and covered balcony.
Apartment units range in size from 709 +/- square feet to 1,668 +/- square feet. The community
will be professionally managed by Tealwood Senior Living of Bloomington, MN.
DESCRIPTION OF IMPROVEMENTS — The building is designed as a rectangular, 3 -story
structure with pitched roof and prominent front entry feature. The building is wood -frame
construction, over an underground parking structure with hydraulic elevator service. An
automatic fire suppression system is provided throughout the building, which is monitored 24
hours a day. The current parking plan provides for a total of 66 underground parking spaces and
37 surface parking stalls. Traffic circulation is designed to provide convenient pick-up and drop-
off at the front entry. Deliveries are made at the front entry of the building and emergency
vehicles have access to front and rear of the building. Other site improvements include generous
landscaping, an outdoor pickle ball court, fenced garden, large patio space with grills and water
feature and pedestrian access to the neighborhood walking trails. The site plan offers two points
of ingress from 156`h Lane NW..
FEATURES AND AMENITIES — The apartment community will include the following
features and amenities:
• Optional meal plan.
• Community life director with scheduled activities
• Transport van for schedules trips and transportation needs.
• Lounge with fireplace
• Beauty Salon with manicure and pedicure services
• Community room for resident parties and family gatherings.
• Available patient monitoring system
• Controlled access entry system
• Wellness center with gym -quality equipment
• Outdoor recreation options — pickleball court, fire pit, patio, garden, walking trail
PROFESSIONAL MANAGEMENT — The facility will be professionally managed by a
licensed care provider, Tealwood Management. Tealwood brings over 25 years of experience in
operating and managing over 50 nursing homes, senior housing and assisted living facilities.
Tealwood arranges for all administrative, dietary, nursing, activities and maintenance staffing.
All site improvements and building design features are coordinated with Tealwood to meet the
needs of the residents and the operation of the staff. Tealwood also oversees marketing, leasing
and licensing of the property. (www.twdcc.com)
DEVELOPMENT TEAM — Trident Development, LLC is based in St. Cloud, MN and has
considerable experience in development and construction of assisted living communities and
multi -story apartment housing. Trident is currently under construction with a 139 -unit
independent and assisted living facility in Chaska, MN and has successfully completed numerous
apartment and townhouse developments around the state. Over the course of the last 9 years,
Trident has successfully negotiated business assistance (TIF and/or tax abatement) in the
communities of North St. Paul, MN, Shakopee, MN, Marshall, MN, Little Falls, MN; Princeton,
MN; Delano, MN; and Sauk Centre, MN. Trident's team of real estate professionals have over
30 years of real estate experience. Trident and Tealwood work closely together in the design and
detail of the assisted living facilities - to assure quality, functionality and to provide the highest
level of resident care.
UTILIZATION OF BUSINESS ASSISTANCE - Trident Development is requesting business
assistance in the form of tax increment financing for a 66 -unit a senior living rental community.
Specifically, a MN Section 469 Housing TIF district of 15 years, applying 90% of the increment
for the business assistance. Pursuant to the requirements of such a housing TIF, the project will
dedicate no less than 20% of the dwelling units (13 units) to seniors whose incomes are at or
below 50% of the area median income. The 2014 AMI for Anoka County was $71,405. This
development will make affordable rental housing units available to seniors with household
incomes of $35,700 or less. The commitment to reserve the 20% affordable units will continue as
long as the TIF district exists. In order to create and maintain the affordable units now, and long
into the fixture, it is important to extend the term of the TIF district for 15 years.
EMPLOYMENT —This senior rental housing is expected to generate new employment. As
indicated in #5 of the Project Information section, this development is projected to create
approximately 8 new permanent jobs equating to 6 FTE jobs. The base wages for these new jobs
range from $14/hour to $20/hour. Traditionally, a Housing TIF district is created to develop and
maintain affordable housing units, not to create permanent jobs.
PROJECT TIMING — We are eager to complete the municipal approval process by the end of
March 2016 and proceed with construction commencement before May of this year. This will
allow the facility to open in the spring of 2017.
We thank you in advance for considering this business assistance application and look forward to
meeting with the EDA on March 2, 2016. Please feel free to contact me at (320) 258-4438 or
(612) 242-6097 if there are any questions.
Regards,
nt Development, LLC
t
r t f
Roger ink
Sr. Vice President
C: Jeff Drown, Trident Development, LLC
Howard Groff, Tealwood Senior Living
1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755-5100
FAX (763) 755-8923 • WWW.CI.ANDOVER.MN.US
TO: EDA President and
CC: Jim Dickinson, Executive
FROM: David L. Carlberg, Community Development Director
SUBJECT: Continue Discussion of Pond Name — Andover Station
DATE: March 2, 2016
REQUEST
0
The EDA is requested to continue to discuss the name of the pond located in
Andover Station.
I: 10�IP►1�7
The EDA at the January 5th meeting reduced the number of suggested names
for the pond from 72 down to 21 by submitting to staff each member's top
five (5) names. Attached is a list of these names with the number of votes
received.
ACTION REQUESTED
Select a name for the pond.
Respectfully submitted,
0,A
David L. Carlberg
Name
Dover Pond
4
Bunker Pond
4
Pond of Andover
3
Serenity Pond
2
Depot Lake or Pond
2
Grow Town Pond
2
Andover Station Pond
2
Swan Lake or Pond
Station Pond
The Golden Pond
Partridge Pond
Bradley Pond
Bullseye Pond
Renaissance Park
LeDoux Pond
Terminal Pond
Veterans Pond
Lazy Waters Pond
Grace Pond
Goose Ridge Pond
"The Pond" at Andover Station
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
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
Name
Grow Town Pond
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
Swan Lake
2012
*Created TIF District 1-5 for Arbor Oaks -70 unit senior housing project
*Demolished 2600 138th Avenue NW for $14,600
*Sold Sales Center in 8 Plex at 1801139th Avenue NW for $127,500 ($6,000 remodel costs)
*Purchased Stop-N-Shop at 13725 Crosstown Drive for $430,000
*Capstones Homes purchased first 2 Lots of 36 in Parkside at Andover Station 3rd
Remaining 34 lots purchased within 14 months total sale of $1,221,000
EDA development costs of $250,000 to replat and regrade/relocate and install utilities
*Retail Market Analysis was prepared by the McCombs Group for $25,000
2013
*Created TIF District 1-6 for TE Connectivity (aka Measurement Specialties)
Sold the 8 acres for $50,000
Provided TIF dollars for Methane Gas Vapor Barrier -($20,000) Parking Lot Joint Use ($150,000) and gas probe ($2,500)
Originally proposed 25,000 s.f. building- Built 52,000 s.f. (200 jobs by year end 2015)
*Cherrywood of Andover a 20 unit senior housing facility
Sold 1.8 acres for $215,000. Also provided $30,000 in utility relocation costs
*Sold 8 plex lots to Capstone Homes for $40,000
*Demolished Stop-N-Shop (includes building, parking lot and underground fuel tanks $36,500)
Incurred $12,500 of environmental testing/reporting costs
*Installed monument/entrance signs at Crosstown and Bunker and on Bunker at Ham Lake border
2014
*Closed on the 4 plex lot on 139th Avenue with Povlitzki Holdings for $75,000
Will be incorporated into B & D Estates
*Closed on 7.26 acres with DST[ for $962,409.55
*Negotiated Purchase Agreement with Mission Development for 1.3 acres for $513,000 on Ibis Street and Bunker
6,000-10,000 s.f. office building proposed
Developer unable to secure tenant commitments
*Installed dock at Target Pond
2015
*Sale of lot at 1730139th Lane NW to Foundation Hill Montessori School
1.33 acres for $215,000
Replatted lot to accommodate addition
*Foundation Hill Montessori School builds 5,700 s.f addition
*Sale of lot at 13753 Ibis Street to Leon Properties Uno, LLC for the Acapulco Restaurant 1.31 acres for $450,000
*Stop -N -Shop tank removal reimbursement. Received a Petrofund grant to reimburse $12,078.30, the cost of the environmental
work required by the MPCA to remove tanks.
*New banners installed in Andover Station and Andover Station North
2016
*66 unit independent senior housing development in Grey Oaks - Estates at Arbor Oaks (Potential TIF Housing District)
*Closing date set for March 1st on the sale of old Stop -N -Shop lot at 13725 Crosstown Blvd. to Final Results of Andover (Inventure Properties)
1.5 acres for $346,870 and .02 acres for $3,485 for the triangle lot.
*Construction of Remax Results of Andover's 13,000 s.f. Office Building
*Andover Animal Hospital to build a 5,500 s.f. building at 1730139th Lane NW
*Construct new monument sign at Hanson and 133rd Avenue NW
CITY OF ANDOVER EDA
COUNTY OF ANOKA
STATE OF MINNESOTA
RESOLUTION NO. 001-16
A RESOLUTION AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE ALL
CLOSING DOCUMENTS FOR THE RESULTS OF ANDOVER PROJECT ON BEHALF OF
THE ANDOVER EDA
WHEREAS, the City of Andover EDA has approved the sale of the property legally
described on Exhibit A to Results of Andover, LLC, previously Inventure Properties, LLC and
WHEREAS, the Andover EDA does hereby authorize Jim Dickinson, Executive
Director to sign all closing documents on behalf of the Andover EDA.
NOW, THEREFORE, BE IT RESOLVED by the EDA of the City of Andover, Anoka County,
Minnesota, that Jim Dickinson, Executive Director is authorized to sign all closing documents
on behalf of the Andover EDA.
Adopted by the EDA of the City of Andover this 2nd day of March, 2016
CITY OF ANDOVER EDA
Julie Trude, President
Attest:
Michelle Harmer — Deputy City Clerk
Exhibit "A"
LEGAL DESCRIPTION
All that part ofthe South Half of the Northeast Quarter of Section 33, Township 32, Range 24, Anoka
County, Minnesota, described as follows: Commencing at a point on the South line of said South Half of
the Northeast quarter distant 1536.00 feet West from the Southeast comer ofsaid South Flalf of the
..-- Northeast quarter; thence North at right angles to said South line a distance of 227.84 feet; thence North 59
degrees SI minutes 00 seconds West a distance of 240.58 feet•, thence South 30 degrees 37 minutes 55
seconds West a distance of 405.22 feet, more or less, to the South line ofsaid South Half of the Northeast
Quarter; thence East along said South line a distance of414,50 feet, more or less, to the point of
commencement.
EXCEPTING that part of the above described mutt lying Westerly of the following line:
Beginning Me point on the South line of sald South Half of the Northeast Quarter, distant 817.85 feet East
from the Southwest corner ofsaid South Half of the Northeast Quarter; thence North, at right angles, a
distance of 43.10 feet; thence Northeasterly along a tangential curve concave to the East, having a radius of
716.20 feet and a central angle of 30 degrees 20 minutes 00 seconds a distance of 379.17 feet; thence North
30 degrees 20 minutes 00 seconds East a distance of 100.00 feet and there terminating, according to the
United States Government Survey thereof and situate in Anoka County, Minnesota,
FURTHER EXCEPTING the South 60 feel ofthe above described property
AND
All that part of the South Half orthe Northeast Quarter of Section 33, Township 32, Range 24, Anoka
County, Minnesota described as follows:
Commencing at a point on the South litre of said South Half of the Northeast Quarter distant 1536.0 feel
West from the Southeast comer ofsaid South Half of the Northeast Quarter, thence Noah at right angles to
said South linea distance of 227.84 feet to the actual pointer beginning orthe tract of land to be hereby
described; thence North 59 degrees 51 minutes West a distance of 24038 feet to the center line Of Counly
Stale Aid Highway No. IS; thence North 30 degrees 37 minutes 55 seconds East along said center line a
distance of 110.00 feet; thence South 59 degrees 51 minutes East a distance cf 302.97 feet to a point an a
line drawn at right angles to the South line ofsaid South I4alf orthe Northeast Quarter from a paint on said
South line distant 1426.0 feet West from the Southeast corner of said South I•lalf of the Northeast Quarter,
said point being 291.15 feel North as measured along said right angle line from said South line, thence
South 60 degrees 04 minutes 50 seconds West a distance of 126.91 feet to the actual point ofbegrnning.
Except iliac partof the above described property lying Southeasterly of the following described line:
Commencing at the Southeast corner ofthe South Half of the Northeast Quarter of Section 33, Township
32, Range 24, Anoka County, Minnesota, thence West, assumed bearing, along the South lint of sold South
Haff of the Northeast Quarter a distance of 1536.00 feet; tbence North at right angles to said South line, a
distance of 227.84 feet to the point of beginning of said line; thence North 30 degrees 09 minutes 00
seconds East a distance of 109.99 feet to the Northerly line ofihe above described property and said line
there terraiming according to the United States Government Survey thereof and situate in Anoka County,
Minnesota
10