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Home My WebLink AboutSeptember 1, 2015CCIIDTY or -AVEA 1685 CROSSTOWN BOULEVARD N.W. • ANDDOOVEINNESOTA 55304 • (763) 755 -5100 FAX (763) 755 -8923 . W W W.ANDOVERMN.GOV ECONOMIC DEVELOPMENT AUTHORITY MEETING September 1, 2015 6:00 p.m. Conference Rooms A & B 1. Call to Order— 6:00 p.m. 2. Approval of Minutes (July 21, 2015) 3. Approve Amendment Two to the Purchase Agreement with Leon Properties Uno; LLC for the Sale of Lot 2, Block 1, Andover Station North 2" 6 Addition 4. Approve Shared Parking and Access Agreement with Great River Energy — 13753 This Street • NW 5. Approve Purchase Agreement — 13725 Crosstown Drive NW — Inventure Properties, LLC 6. Economic Development Updates (verbal) 7. Redevelopment Updates (verbal) 8. Other Business 9. Adjournment E 51000M.11=0 -;z4;0 ANDOVER ECONOMIC DEVELOPMENTA UTHORTFYMEETING SEPTEMBER 1, 2015 MINUTES The Meeting of the Andover Economic Development Authority was called to order by President Julie Trude, September 1, 2015, 6:00 p.m., at the Andover City Hall, 1685 Crosstown Boulevard NW, Andover, Minnesota. Present: Commissioners Mike Knight, Sheri Bukkila, Valerie Holthus, James Goodrich, Timothy Cleven and Joyce Twistol Absent: None Also present: Executive Director, Jim Dickinson Community Development Director, Dave Carlberg Others APPROVAL OF MINUTES —JULY 21, 2015 President Trude stated on page one, line 45, there is a word missing. The sentence should read "She stated we don't know before how many..." She stated on page two, line 34 should be "east of Hanson" instead of"west of Hanson ". Motion by Knight, seconded by Cleven, approval of the July 21, 2015 minutes with changes Motion carried unanimously. APPROVE AMENDMENT TWO TO THE PURCHASE AGREEMENT WITH LEON PROPERTIES UNO, LLC FOR THE SALE OF LOT 2, BLOCK 1, ANDOVER STATION NORTH 2ND ADDITION Community Development Director Carlberg stated the EDA is requested to approve the attached Amendment Two to the Purchase Agreement with Leon Properties Uno, LLC for the sale of Lot 2, Block 1, Andover Station North 2nd Addition. Mr. Carlberg reviewed the information with the Commission indicating SBA financing requirements is the driver of the amendment, building and site reviews continue. Motion by Knight, seconded by Twistol, to approve the Amendment Two to the Purchase Agreement. Motion carried unanimously. • APPROVE SHARED PARKING AND ACCESS AGREEMENT WITH GREAT RIVER ENERGY -13753 IBIS STREET NW • Andover Economic Development Authority Meeting Minutes — September 1, 2015 Page 2 Community Development Director Carlberg stated the EDA is requested to approve the Shared Parking and Access Agreement between the Andover EDA and Great River Energy (GRE) located at 13753 Ibis Street NW. Mr. Carlberg reviewed the staff report with the Commission. Commissioner Cleven indicated on item 3, it states under "Prohibited Uses of the Premises" that no party shall have the right to use the property of the other Party for any purpose, except ingress /egress, so he wondered what that meant. Mr. Carlberg indicated Acapulco will not be able to park on the GRE property, but will be able to park up to the property line. Commissioner Holthus asked what the likelihood would be of the GRE property to develop. Mr. Carlberg stated staff had a meeting with GRE and there is a good possibility of that site developing. Mr. Carlberg stated GRE thought this was a win/win situation. Motion by Goodrich, Seconded by Cleven to approve the Shared Parking and Access Agreement between the Andover Economic Development Authority (EDA) and Great River Energy (GRE) located at 13753 This Street NW. Motion carried unanimously. APPROVE PUR CHA SE A GREEMENT — 13 725 CROSSTOWN DRIVE NW — INVENTURE PROPERTIES, LLC Community Development Director Carlberg stated the EDA is requested to approve the Purchase Agreement with Inventure Properties, LLC for the sale of the 1.5 acre parcel located at 13725 Crosstown Drive NW. Mr. Doug Boser, Boser Construction, Marshall Weems, Mission Development and Jim Schleper, Inventure Properties were at the meeting. Commissioner Bukkila stated why is there a concern of having a $50,000 buffer for contamination clean up if the building will not be anywhere near the possible contamination. Mr. Carlberg explained the reason why Inventure Properties, LLC is requesting a joint effort with the EDA on removal of contaminated soil, if needed. Mr. Boser stated they are working with PEER Engineering and SEH on this project and the reason why they are asking for the contingency is if they cannot get financing because the financing organizations are looking at the contamination then the project fails so this is a collaborative effort to partner with the City and the EDA on this project. • There was discussion on the EPA monitoring of the site. Mr. Carlberg stated the EPA has closed the site and do not consider it a concern anymore. • Andover Economic Development Authority Meeting Minutes — September 1, 2015 Page 3 Commissioner Holthus asked what the costs are on just the testing. Mr. Buser stated they are going to be getting those costs and will bring this back to city staff before they do any work. Commissioner Bukkila asked if there is a sunset date in place for the contamination clean up contingency. Mr. Carlberg stated there is not and the EDA might want to consider this before approval of the purchase agreement. President Trude stated they have not had any specifics as to what would be built on the site except for the drawing and she wondered if they will append this as the proposal somewhere. She stated she has a concern for the looks of the building and wants to make sure it is comparable to the surmunding properties. Mr. Weems stated this is going to be a great looking building. It will be a two story, Class A office building. Mr. Buser stated this will still be a wood building with wrapping insulation around the outside of the building with brick and stone exterior with metal panel accents. Commissioner Bukkila stated she would like to see a sunset date placed on the contingency of $50,000 for contamination cleanup costs. • Motion by Bukkila, Seconded by Twistol, to approve the Purchase Agreement, as amended with the provision that the contingency sunsets two years from the date of closing and direct staff to complete the land sale. Motion carried unanimously. ECONOMICDEVELOPMENT UPDATES Community Development Director Carlberg stated he ordered banners last week for Andover Station Parkway and some of the stores are ordering the same banners for their sites. President Trude stated she would like to have a name for the pond by Target. She thought this could go out in the newsletter and ask for recommendations from the community. Commissioner Twistol thought they could have a contest. There was discussion regarding potential development within Andover Station South and sites available. Mr. Carlberg stated he has been looking for a site for an entrance sign coming into Andover along Hanson Boulevard and he thinks a good place would be across from the Sheriffs Station. He noted the cost will be $1,500 to run electricity to the location. He showed on the map where he thought a sign could be placed. Andover Economic Development Authority Meeting Minutes — September 1, 2015 Page 4 REDEVELOPMENT UPDATES There was no discussion. OTHER BUSINESS There was no discussion. ADJOURNMENT Motion by Commissioner Bukkila, Seconded by Commissioner Holthus, to adjourn. Motion carried unanimously. The meeting adjourned at 6:54 p.m. Respectfully submitted, Sue Osbeck, Recording Secretary • 0