The URL can be used to link to this page

Home My WebLink AboutEDA - October 18, 2016C I T Y O F &660 1685 CROSSTOWN BOULEVARD N.W.. ANDOVER, MINNESOTA 55304 • (763) 755-5100 FAX (763) 755-8923 . WWW,ANDOVERMN.GOV ECONOMIC DEVELOPMENT AUTHORITY MEETING October 18, 2016 6:00 p.m. Conference Rooms A & B 1. Call to Order— 6:00 p.m. 2. Approval of Minutes (August 16, 2016 Regular) 3. Review Development Activity 4. Redevelopment Updates - Verbal 5. Discuss/Recommend Proposed 2017 EDA Budget 6. Other Business 7. Adjournment 1685 CROSSTOWN BOULEVARD N.W.. ANDOVER, MINNESOTA 55304 . (763) 755-5100 FAX (763) 755-8923 • WWW.ANDOVERMN.GOV TO: Economic Development Autho CC: Jim Dickinson, City Administn FROM: Michelle Hartner, Deputy City SUBJECT: Approval of Minutes DATE: October 18, 2016 INTRODUCTION a. The following minutes were provided by Staff reviewed by Administration and submitted for EDA approval: August 16, 2016 Regular DISCUSSION The minutes are attached for your review. ACTION REQUIRED The EDA is requested to approve the above minutes. Respectfully submitted, Michelle Harmer Deputy City Clerk Attach: Minutes 1 2 3 4 5 6 ANDOVER ECONOMICDEVELOPMENTAUTHORITYMEETING- 7 AUGUST 16, 2016 - MINUTES 8 9 10 The Meeting of the Andover Economic Development Authority was called to order by President 11 Julie Trude, August 16, 2016, 6:00 p.m., at the Andover City, Hall, 1685 Crosstown Boulevard 12 NW, Andover, Minnesota. 13 14 Present: Commissioners Sheri Bukkila, James Goodrich, Mike Knight, 15 Valerie Holthus, Joyce Twistol and Timothy Cleven 16 17 Absent: None 18 19 Also present: Executive Director, Jim Dickinson 20 Community Development Director, Dave Carlberg; 21 Public Works Director/City Engineer, Dave Berkowitz 22 23 24 APPROVAL OFMINUTES 25 26 June 7, 2016, Regular Meeting: Correct as written. 27 28 Motion by Bukkila, Seconded by Twistol, to approve the minutes as written. Motion carried 29 unanimously. 30 31 UPDATE ON COMMERCIAL DEVELOPMENT ACTIVITY 32 33 Acapulco Restaurant — A soft opening could happen the beginning of September. Very 34 attractive building inside and outside. 35 36 Remax Results — The building is under construction. There has been one minor change, the 37 architectural steel color was originally to be dark grey, it will now be bronze. There is a 38 completion date of October 3 Vt. 39 40 Shops @ Andover — The building is scheduled for an October 14th completion. 60% of the 41 building is leased. Tenants so far include Dunkin' Donuts, an Asian style restaurant named Joy 42 Kitchen and an AT&T Wireless retail store. 43 44 Andover Animal Hospital — The building is under construction with completion the end of 45 October beginning of November. 46 47 REDEVELOPMENT UPDATES 48 Andover Economic Development Authority Meeting Minutes —August 16, 2016 Page 2 1 Mr. Dickinson updated the EDA on the redevelopment area located on Bunker Lake Boulevard 2 between Crosstown Boulevard and Crosstown Drive. Reminding the EDA TIF funds can be 3 used to purchase property in the area. Mr. Dickinson stated the owners of the properties along 4 Bunker Lake Boulevard have shown no interest at this time to sell. He indicated there may be 5 some interest from property owners on the north side of 138th Avenue to sell their property. Mr. Dickinson stated staff was contacted by a developer interested in a possible housing development in the area. 10 The area was discussed. 11 12 A majority of the EDA is in favor of a possible market rate housing development. Staff will ask 13 the developer for a presentation at a future EDA meeting. 14 15 OTHER BUSINESS 16 17 Mr. Carlberg updated on the Open to Business Program. Kathleen DuChene, Business Advisor 18 has met with a total of 21 residents regarding businesses from January 1 st thru June 30'h of this 19 year. Calls increase when posted in the newsletter. The program is funded by Anoka County. 20 21 The EDA thanked Mr. Carlberg for all his hard work over the years and wished him well. 22 23 ADJOURNMENT 24 25 Motion by Bukkila, Seconded by Holthus to adjourn. Motion carried unanimously. The meeting 26 adjourned at 6:53 p.m. 27 28 Respectfully submitted, 29 30 Michelle Harmer, Recording Secretary 31 C I T Y O F NDOVF ' 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 (763) 755-5100 FAX (763) 755-8923 • WWW.ANDOVERMN.GOV TO: President and Commissioners FROM: Jim Dickinson, Executive Director SUBJECT: Review Development Activity DATE: October 18, 2016 INTRODUCTION Staff will provide a progress report on ongoing commercial projects at the meeting. ANDOVER COMMERCIAL PROJECTS. • ReMax Results Office Building, 2677 Bunker Lake Boulevard NW — The exterior insulation system has been installed, installation of the building shell of Trespa Panels and architectural metals are well underway. The exterior concrete flatwork, first lift of asphalt pavement, and fence have been completed. Final landscaping is ongoing and interior work is ongoing • Andover Veterinary Clinic, 1730 139th Lane NW — Interior finishes are near completion. Exterior concrete flatwork and the first lift of asphalt pavement have been completed. • The Shoppes at Andover, 13650 Hanson Boulevard NW — The building permit for Dunkin Donuts was issued on October 5h. AT&T Wireless interior tenant finish is underway Joy Kitchen — Asian Cuisine has not yet submitted for permit yet but is expected soon. Exterior concrete flatwork and the first lift of asphalt pavement have been completed. • Estates at Arbor Oaks / Trident Development, 1753 156h Lane NW — Footings are complete and the cast -in-place foundation walls for the below grade garage remain are complete. Construction with concrete panels is progressing for the garage level. Permits for plumbing and mechanical work will be issued the in the first and second weeks of October. • Eight Unit Townhome Building, 1826 through 1840139°i Ave. NW — Permits for the last eight of the townhomes in the Parkside at Andover Station Development have been issued. The building will match the existing nearby buildings as permitted under the terms of the original PUD. - " A C I T Y 0 F 11VTE 06 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755-5100 FAX (763) 755-8923 • WWW.CI.ANDOVER.MN.US TO: President and Commissioners FROM: Jim Dickinson, Executive Director SUBJECT: Discuss/Recommend Proposed 2017 EDA Budget DATE: October 18, 2016 INTRODUCTION The EDA is requested to receive a brief presentation on the proposed 2017 Special Revenue Fund budget. DISCUSSION The Executive Director will use the attached documents as the basis for the 2017 EDA Budget presentation and to facilitate discussion: 1. EDA Special Revenue Fund Statement of Revenues, Expenditures and Changes in Fund Balance 2. EDA Special Revenue Fund Budget Worksheet for 2017 3. EDA Budget Detail Worksheets ACTION REQUESTED a presentation, discuss and recommend a proposed 2017 EDA Special Revenue Fund budget. submitted, City of Andover Special Revenue Funds Economic Development Authority Fund Statement of Revenues, Expenditures and Changes in Fund Balance 1 Actual Adopted Estimate 1 Adopted 1 Description 2015 2016 2016 2017 Fund Balance, January 1 Revenues Charges for Services Investment Income Miscellaneous Total Revenues: Other Sources Transfers In Total Revenues and Other Sources: Total Available: Expenditures Personal Services Supplies and Materials Purchased Services Other Services and Charges Total Expenditures: Other Uses Transfers Out $ 380,792 $ 334,451 $ 334,451 $ 238,791 20,895 20,000 10,000 10,000 3,831 5,000 2,500 3,000 930 - - - 25,656 251000 12,500 13,000 13,000 25,000 12,500 25,656 406,448 359,451 346,951 251,791 49,457 22,610 22,610 14,632 5,064 18,900 13,900 18,900 8,230 78,800 58,800 79,000 9,246 14,850 12,850 13,850 71,997 135,160 108,160 126,382 Total Expenditures and Other Uses: 71,997 135,160 Fund Balance, December 31 $ 334,451 $ 224,291 Change in Fund Balance $ (46,341) $ (110,160) -12% -33% 108,160 126,382 $ 238,791 $ 125,409 $ (95,660) $ (113,382) -29% -47% Fund: Economic Development Authority Activity Type/Code: Special Revenue Expenditure Highlights 2016 & 2017 includes funding for monument entrance signs. EDA Budget provides for ongoing maintenance around the Andover Station Development area. Department Head: City Administrator General Activity Description To provide for the quality development of commercial and industrial properties to ensure a strong, viable and diversified tax base. Process Used Promotion and expansion of the commercial and industrial tax base through the development and redevelopment of land. The EDA is the primary authority involved in managing the City's four Tax Increment Financing (TIF) Districts. The EDA monitors and initiates the activities within the TIF Districts to reach the goals of the TIF plans. ADOPTED 2017 BUDGET CITY OF ANDOVER, MINNESOTA CITY OF ANDOVER Budget Worksheet - 2017 EDA 1110-46500 Account Actual Actual Actual Actual Actual Budget Estimate Requested Number Description 2011 2012 2013 2014 2015 2016 2016 2017 if' 5$�evenuei3d r Charges for Services 54370 Tax Increment Administration F 199,030 190,538 37,306 36,622 20,895 20,000 10,000 10,000 Charges for Services 199,030 190,538 37,306 36,622 20,895 20,000 10,000 10,000 Investrnent Income 56910 Interest Earned 10,020 9,063 7,468 8,765 3,946 5,000 2,500 3,000 56920 Valuation Adjustment 5,128 (1,841) (10,464) 1,912 (114) - InvemmmIncome 15,148 7,222 (2,996) 10,677 3,832 5,000 2,500 3,000 Miscellaneous Revenue 58100 Refunds&Reimbursements 34,196 509 6,620 5,868 930 - MiscellaneousRevenue 34,196 509 6,620 5,866 930 - - Total Revenues 248,374 198,269 40,930 53,167 25,657 25,000 12,500 13,000 Expenditures Salanec & Benerts 60110 Salaries - Regular 75,527 77,026 80,686 35,027 35,737 - - - 60140 Salaries - Council/Commissio 533 494 3,560 2,440 2,840 5,600 5,600 5,600 60210 FICA 4,237 4,386 4,690 2,235 2,162 347 347 347 60220 Medicare L020 1,051 1.139 534 523 81 81 81 60310 Health lmurance 8,546 9,124 9.232 5,065 5,032 - - - 60320 Dental Insurance 284 317 329 174 183 - - - 6D330 Life Insurance 13 13 II 6 4 - - - 60340 Long -Tenn Disability 167 190 190 91 78 - - - 60410 PERA 5,152 5,561 5,807 2,699 2,679 - - - 60420 Nationwide Retirement 514 514 513 231 220 - - - 60990 Inter -City Labor Allocation - - 16,582 16,582 8,604 Salaries& Benefits 95,993 98,676 106,157 48,502 49,458 22,610 22,610 14,632 Departmental 61005 Supplies - General 1,149 1,245 3,409 7,326 814 2,000 2,000 2,000 61105 R&M Supplies - General 1,483 - - - 735 - - - 61130 R & M Supplies - Landscape 830 - - 307 - 10,000 5,000 10,000 61310 Meals/ Lodging 45 16 175 99 100 700 700 700 61315 Continuing Education - - - 25 - 1,500 1,500 1,500 61320 Annual Dues/Licenses 1,204 938 2,348 1,493 1,475 1,500 1,500 1,500 61405 Postage 223 594 615 185 140 1,000 1,000 1,000 61410 Transportation/Mileage 1,882 1,800 1,804 1,800 1,800 2,200 2,200 2,200 Departmental 6,816 4,593 8,351 11,235 5,064 18,900 13,900 18,900 Operating 62005 Electric 4,861 5,063 5,920 4,364 3,678 8,000 6,000 7,000 62010 Water - 536 1,062 365 667 - - - 62100 Insurance 2,873 2,491 3,081 3.670 3,301 5,250 5,250 5,250 62200 Rentals 1,924 - - - - - - 62210 Computer Services 1,600 1,600 1,600 1,600 1,600 1,600 1,600 1,600 Operating 11,258 9,690 11,663 9,999 9,246 14,850 12,850 13,850 Professional Services 63005 Professional Services 9,917 9,255 1,965 3,669 1,919 5,300 5,300 5,500 63010 Contractual Services 32,576 20,696 4,903 4,045 4,561 69,000 49,000 69,000 63015 Anomry 197 - - - 615 2,000 2,000 2,000 63025 Publishing 971 629 1,037 763 1,136 2,500 2,500 2,500 63100 R & M Labor - General - - - - - - - 63200 Inspectors - - 84 Professional Services 43,661 30,579 7,989 8,477 8,230 78,800 58;800 79,000 Capital Outlay 65200 Buildings 21,683 - - - - - - 65300 Improvements 38,327 38,950 14,185 - - Capital outlay 60,010 38,950 14,185 - - - Total Expenditures 217,738 182,488 148,345 78,213 71,998 135,160 108,160 126,382 Net Increase(Dccrcase) in FB 30,636 15,781 (107,415) (25,046) (46,341) (110,160) (95,660) (113,382) Fund Balance Beginning 466,836 497,472 513,253 405,838 380,792 334,451 334,451 238,791 Ending 497,472 513,253 405,938 380,792 334,451 224,291 238,791 125,409 10 1 J 2016 City of Andover Budget Detail for all Object Codes (List each expense account individually with specific cost detail) Department I Cost Center: Economic Development - 2110 Object Code Explanation Amount Requested 2016 2017 Budget Adjustment Total 2017 Request Priority 1 through 5 1 -high : 5 -low 61005 SUPPLIES -GENERAL 2,000 2,000 aper/promotions supplies 0 0 0 0 Total 2,000 0 2,000 61130 R & M SUPPLIES - LANDSCAPE 10,000 10,000 median expenditures 0 0 0 0 Total 10,000 0 10,000 61310 MEALS I LODGING 700 700 Special events participation - Staff/Commission 0 0 0 0 Total 700 0 700 61315 CONTINUING EDUCATION 1,500 1,500 Training oeeortunities-Staff/Commission 0 0 0 0 Total 1,500 0 1,500 61320 ANNUAL DUES / LICENSES 1,500 1,500 Chamber of Commerce Dues 0 0 -Anoka Area & Metro North 0 0 0 0 Total 1,500 0 1,500 61405 POSTAGE 1,000 1,000 Newsletter Publication & Mailings 0 0 0 0 Total 1,000 0 1,000 61410 TRANSPORTATION I PARKING 2,200 2,200 Staff/Commision Travel 0 0 Executive Director % allocation 0 0 0 0 Total 2,200 0 2,200 62005 ELECTRIC 8,000 (1,000) 7,000 Andover Station Area Street Light Cost Sharing 0 0 0 0 Total 8,000 (1,000) 7,000 62100 INSURANCE 5,250 5,250 Risk Mana ement/LMCIT Premiums 0 0 0 0 Total5,250 0 5,250 62210 COMPUTER SERVICES 1,600 1,600 Centrals stems - Server/emaillima in /etc. 0 0 Page ! oj2 City of Andover Budget Detail for all Object codes (List each expense account individually with specific cost detail) Department I Cost Center: Economic Development - 2110 Object Code Explanation Amount Requested 2016 2017 Budget Adjustment Total 2017 Request Priority 1 through 5 1-high:5-low 0 0 Total 1,600 0 1,600 63005 PROFESSIONAL SERVICES Audit and Financial Services 3,500 1,800 200 3,500 2,000 0 0 Total 5,300 200 5,500 63010 CONTRACTUAL SERVICES 1,000 1,000 Landscaping @ Andover Station - assoc membership Maintenance -Andover Station Area 2,000 20,000 2,000 20,000 Partnership opportunities - EDA Discretionary Community Monument Entrance Signs 16,000 30,000 16,000 30,000 Total 69,000 0 69,000 63015 ATTORNEY 2,000 0 2,000 0 0 0 Total 2,000 0 2,000 63025 PUBLISHING 2,500 2,500 Tax Increment Reportin 0 0 0 0 Total 2,500 0 2,500 Grand Total for all Expenditures $112,550 ($800) $111,750 Page 2 of 2