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Home My WebLink AboutEDA - February 21, 2017NDO: 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755-5100 FAX (763) 755-8923 • WWW.ANDOVERMN.GOV ECONOMIC DEVELOPMENT AUTHORITY MEETING February 21, 2017 6:00 p.m. Conference Rooms A & B 1. Call to Order — 6:00 p.m. 2. Approval of Minutes (January 3, 2017 Regular) 3. Review Commercial Project Activity 4. Redevelopment Updates - (verbal) 5. Other Business 6. Adjournment A C I T Y 0 F NLDb 06 IVYE I' 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755-5100 FAX (763) 755-8923 • WWW.ANDOVERMN.GOV TO: Economic Development CC: Jim Dickinson, City Administrator FROM: Michelle Hartner, Deputy City SUBJECT: Approval of Minutes DATE: February 21, 2017 INTRODUCTION The following minutes were provided by Staff reviewed by Administration and submitted for EDA approval: January 3, 2017 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 ANDOVER ECONOMIC DEVELOPMENTAUTHORITYMEETING— JANUARY 3, 2017 - MINUTES 10 The Meeting of the Andover Economic Development Authority was called to order by President 11 Julie Trude, January 3, 2017, 6:00 p.m., at the Andover City Hall, 1685 Crosstown Boulevard 12 NW, Andover, Minnesota. 13 14 Present: Commissioners Sheri Bukkila, Mike Knight, Valerie Holthus, 15 Timothy Cleven and Joyce Twistol 16 17 Absent: Commissioner James Goodrich 18 19 Also present: Executive Director, Jim Dickinson 20 Community Development Director, Joe Janish 21 Public Works Director/City Engineer, Dave Berkowitz 22 23 24 APPROVAL OFMINUTES 25 26 December 6, 2016, Regular Meeting: Correct as written. 27 28 Motion by Twistol, Seconded by Cleven, to approve the minutes as written. Motion carried 6 29 ayes and 1 absent (Goodrich). 30 31 ORGANIZATIONAL ITEMS ` 32 33 Mr. Dickinson indicated the current Andover EDA officers and staff appointments are as 34 follows: 35 36 President — Julie Trude Term expires 1/1/19 37 Vice -President Valerie HolthusTerm expires 1/1/19 38 Secretary — JoyceTwistol Term expiresl/1/20 39 Treasurer — Mike Knight Term expires 1/4/21 40 Assistant Treasurer — Sheri Bukkila Term expires 1/4/21 41 Commissioner — James Goodrich Term expires l/1/19 42 Resident Commissioner—Timothy Cleven Term expires 1/1/20 43 44 Staff 45 Executive Director — Jim Dickinson 46 Staff Support — Joe Janish 47 Recording Secretary — Michelle Hartner 48 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 3, 2017 Page 2 Motion by Trude, Seconded by Twistol, to appoint EDA Officers and Staff for 2017: President — Julie Trude, Vice President — Mike Knight, Secretary — Joyce Twistol, Treasurer — Valerie Holthus, Assistant Treasurer — Sheri Bukkila, Commissioner — James Goodrich, Resident Commissioner — Timothy Cleven, Executive Director — Jim Dickinson, Recording Secretary — Michelle Hartner, Staff Support — Joe Janish. Motion carried 6 ayes and 1 absent (Goodrich). REDEVELOPMENT UPDATES Mr. Dickinson reviewed the following: ReMax Results, 2677 Bunker Lake Boulevard- the building is complete and operational. Staff is working on setting up a future meeting with Mission Development and Boser Construction regarding plans for the other lot on the property. The Shops @ Andover, 13650 Hanson Boulevard- Dunkin' Donuts and Joy Kitchen are under construction. Estates at Arbor Oaks/Trident Development, 1753 15e Lane- the roof is going on the senior luxury living facility. The building is very prominent along that roadway, very nice looking building. 7r4 Avenue and Bunker Lake Boulevard — Staff has received a proposal on the area of 7`h Avenue and Bunker Lake Boulevard, which is zoned high density for a work force housing 2-3 level multi -family building. Mr. Dickinson explained the developer would likely be seeking some help from the City, such as a resolution of support. Staff is looking for direction on these proposals. Commissioner Holthus asked how many units would be in the building. Mr. Dickinson stated he did not know. President Trude stated she would like to see commercial in that area. She also noted the community is not asking for work force housing. Commissioner Holthus stated there is no public transportation in that area. Commissioner Bukkila indicated she would be ok with market rate housing, but is not with work force housing. The EDA discussed the Met Council guidelines. Commissioner Twistol asked what type of incentives the developer would be looking for from the City. Mr. Dickinson replied they could possibly ask for reduced water and sewer hookup, reduced park dedication fee, narrower streets or even a TIF District. The proposal was discussed. A majority of the EDA does not support this type of proposal for Andover Economic Development Authority Meeting Minutes —January 3, 2017 Page 3 work force housing, continue to focus on market rate rentals and commercial. OTHER BUSINESS There was none. ADJOURNMENT 8 Motion by Bukkila, Seconded by Knight to adjourn. Motion carried unanimously. The meeting 9 adjourned at 6:43 p.m. 10 11 Respectfully submitted, 12 13 Michelle Harmer, Recording Secretary 14 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 Commercial Project Activity DATE: February 21, 2017 INTRODUCTION Staff will provide a progress report on ongoing commercial project activity at the meeting. ANDOVER COMMERCIAL PROJECTS • The Shops at Andover, 13650 Hanson Boulevard NW — Dunkin Donuts, Joy Kitchen and Natural Nails are all under construction at the Shoppes at Andover. Dunkin Donuts is interviewing for employees. Joy Kitchen has applied for a Conditional Use Permit to sell alcohol, it is anticipated they will only apply for a beer & wine license. • Estates at Arbor Oaks / Trident Development, 1753156" Lane NW— City inspectors will be on site daily until the entire building structure has been reviewed for code compliance. Plumbing and mechanical work are extending into the second and third floors. City water supply to the project has been turned on and fire hydrants are charged to insure project fire safety. • Eight Unit Townhome Building, 1826 through 1840 139h Ave. NW — Construction for the last eight unit townhome building in the Parkside at Andover Station Development is underway. The building will match the existing nearby buildings as permitted under the terms of the original PUD. • Andover Cinema, 1836 Bunker Lake Blvd NW - Staff met with the Andover Cinema owners last year to discuss future seating improvements to the theatre and discuss the potential of the theatre applying for a CUP that would allow for a beer and wine liquor license. Recent communication indicates an application is forthcoming. • Daycare interest - City Staff have been working with two separate daycares interested in building new facilities in Andover. Each are in the preliminary stages of design and in final negotiations with the current property owners. • Overall marketing - City Staff continue to work with parties interested in investing in Andover and marketing all commercial sites. Building Permits and Building Valuations -- 2012 Through 2016 Summary Permit Types $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $_ Average New Home Valuation (Excluding Lot) 100% 90% 80% 60% 50% 40% 30% 0% 0% 2012 Building Valuation Distribution 2013 2014 1 2015 Permits Building Valuations Permits Building Valuations Permits Building Valuations 1'cr111its Building Valuations Permits Building Valuations New Construction -Single Family & Townhome 81 $ 15,216,900.00 98 $ 21,027,891.00 52 $ 14,816,971.13 74 $ 21,558,010.09 111 $28,893,036.29 Other Residential Permits: Additions. Decks, Remodel, Repair. Alteration, Garages/Sheds, etc. 1125 $ 2,028,015.00 478 $ 2,645,870.13 402 $ 2,435,022.87 1822 $ 3,700,987.46 479 $3,910,167.20 New Construction - Multifamily, Commercial, Industrial, Institutional 2 $ 3,711,502.00 3 $ 7,118,266.00 1 $ 3,800,000.00 1 $ 795,000.00 4 $14,009,200.00 Other Non -Residential Permits: Tenant Finishes, Additions, Remodel. Repair. Alteration, etc. 1 46 1 $ 1,409,465.00 49 $ 3,824,680.00 28 $ 789,932.26 28 $ 2,035,244.03 44 $888,580.00 Trades & Misc. Permits: Plumbing, Heating, Fire Protection, Sewer, Water. Electrical. etc. 2377 N/A 2423 N/A 2035 N/A 1385 N/A 2553 N/A TOTAL PERMITS AND BUILDING VALUATIONS 3631 $ 22,365,882.00 3051 $ 34,616,707.13 2518 $ 21,841,926.26 3310 $ 28,089,241.58 3191 $47,700,983.49 New Construction - Single Family & Townhome 120 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $_ Average New Home Valuation (Excluding Lot) 100% 90% 80% 60% 50% 40% 30% 0% 0% 2012 Building Valuation Distribution 2013 2014 1 2015 2016 $297,942 $291,324 100 80 E 60 a 40 20 0 2012 2013 2014 2015 2016 $260,298 $214,570 $187863 ■Commercial $5,120,967.00 $10,942,946.0 1 $4,589,932.26 $2,830,244.03 1 $14,897,780.0 2012 2013 2014 2015 2016 ■Residential $17,244,915.0 $23,673,761.1 1 $17,251,994.0 1 $25,258,997.5 1 $32,803,203.4 2016 - New Multfamily,Commercial, Industrial, Institutional & Public Buildings • ReMax Results Office Building, 2677 Bunker Lake Boulevard NW • The Shoppes at Andover, 13650 Hanson Boulevard NW • • Eight Unit Townhome Building, 1826 through 1840 139 `h Avenue NW Tenants: AT&T Wireless Dunkin Donuts Joy Kitchen Andover Veterinary Clinic, 1730139th Lane NW Estates at Arbor Oaks / Trident Development, 1753 156 `h Lane NW