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HomeMy WebLinkAboutAugust 16, 2016H 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755-5100 FAX (763) 755-8923 . WWW.ANDOVERMN.GOV ECONOMIC DEVELOPMENT AUTHORITY MEETING August 16, 2016 6:00 p.m. Conference Rooms A & B 1. Call to Order— 6:00 p.m. 2. Approval of Minutes (June 7, 2016 Regular) 3. Update on Commercial Development Activity 4. Redevelopment Updates (verbal) Q5. Other Business 6. Adjournment C X 1� ANDOVER ECONOMIC DEVELOPMENTA UTHORITYMEETING— AUGUST 16, 2016 - MINUTES The Meeting of the Andover Economic Development Authority was called to order by President Julie Trude, August 16, 2016, 6:00 p.m., at the Andover City Hall, 1685 Crosstown Boulevard NW, Andover, Minnesota. Present: Commissioners Sheri Bukkila, James Goodrich, Mike Knight, Valerie Holthus, Joyce Twistol and Timothy Cleven Absent: None Also present: Executive Director, Jim Dickinson Community Development Director, Dave Carlberg Public Works Director/City Engineer, Dave Berkowitz 0 APPROVAL OFMINUTES June 7, 2016, Regular Meeting: Correct as written. Motion by Bukkila, Seconded by Twistol, to approve the minutes as written. Motion carried unanimously. UPDATE ON COMMERCIAL DEVELOPMENT ACTIVITY Acapulco Restaurant — A soft opening could happen the beginning of September. Very attractive building inside and outside. Remax Results — The building is under construction. There has been one minor change, the architectural steel color was originally to be dark grey, it will now be bronze. There is a completion date of October 31 s Shops @ Andover — The building is scheduled for an October 14th completion. 60% of the building is leased. Tenants so far include Dunkin' Donuts, an Asian style restaurant named Joy Kitchen and an AT&T Wireless retail store. Andover Animal Hospital — The building is under construction with completion the end of © October beginning of November. REDEVELOPMENT UPDATES © Andover Economic Development Authority Meeting Minutes—August 16, 2016 Page 2 Mr. Dickinson updated the EDA on the redevelopment area located on Bunker Lake Boulevard between Crosstown Boulevard and Crosstown Drive. Reminding the EDA TIF funds can be used to purchase property in the area. Mr. Dickinson stated the owners of the properties along Bunker Lake Boulevard have shown no interest at this time to sell. He indicated there may be some interest from property owners on the north side of 138`h Avenue to sell their property. Mr. Dickinson stated staff was contacted by a developer interested in a possible housing development in the area. The area was discussed. A majority of the EDA is in favor of a possible market rate housing development. Staff will ask the developer for a presentation at a future EDA meeting. OTHER BUSINESS Mr. Carlberg updated on the Open to Business Program. Kathleen DuChene, Business Advisor has met with a total of 21 residents regarding businesses from January I" thru June 30th of this year. Calls increase when posted in the newsletter. The program is funded by Anoka County. The EDA thanked Mr. Carlberg for all his hard work over the years and wished him well. ADJOURNMENT Motion by Bukkila, Seconded by Holthus to adjourn. Motion carried unanimously. The meeting adjourned at 6:53 p.m. Respectfully submitted, Michelle Harmer, Recording Secretary l� J