HomeMy WebLinkAboutEDA - July 5, 20171685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 . (763) 755-5100
FAX (763) 755-8923 • WWW.ANDOVERMN.GOV
ECONOMIC DEVELOPMENT AUTHORITY
MEETING
July 5, 2017
6:00 p.m.
Conference Rooms A & B
1. Call to Order— 6:00 p.m.
2. Approval. of Minutes (June. 6, 2017 Regular)
3. Review Commercial Project Activity
4. Other Business
Closed Session
5. Update on Property Negotiations Bunker/Crosstown Redevelopment Area
6. Adjournment
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1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755-5100
FAX (763) 755-8923 • WWW.ANDOVERMN.GOV
TO: Economic Development Authori
CC: Jim Dickinson, City Administrator
FROM: Michelle Hartner, Deputy City Clerk
SUBJECT: Approval of Minutes
DATE: July 5, 2017
INTRODUCTION
The following minutes were provided by Staff reviewed by Administration and submitted
for EDA approval:
June 6, 2017 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
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6 ANDOVER ECONOMIC DEVELOPMENTA UTHORITYMEETING-
7 JUNE 6, 2017 - MINUTES
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10 The Meeting of the Andover Economic Development Authority was called to order by President
11 Julie Trude, June 6, 2017, 6:00 p.m., at the Andover City Hall 1685 Crosstown Boulevard NW,
12 Andover, Minnesota.
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14 Present: Commissioners Sheri Bukkila, James Goodrich, Valerie Holthus,
15 Mike Knight, Timothy Cleven and Joyce Twistol
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17 Absent: None
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19 Also present: Executive Director, Jim Dickinson
20 Community Development Director, Joe Janish
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24 APPROVAL OFMINUTES
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26 April 18, 2017, Regular Meeting: Correct as written.
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28 Motion by Twistol, Seconded by Knight, to approve the minutes as written. Motion carried
29 unanimously.
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31 DISCUSS ARBOR OAKS SENIOR LIVING LLC REQUEST
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33 Mr. Dickinson indicated Arbor Oaks Senior Living LLC will be undertaking a HUD refinancing.
34 He introduced Mr. Roger Fink representing Arbor Oaks Senior Living LLC.
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36 Mr. Fink explained the main objective is to introduce the concept of refinancing the current
37 financing on Arbor Oaks Senior Living LLC. This would be a HUD insured loan, which gives
38 the borrowers a favorable long term fixed interest rate. Mr. Fink continued they are seeking
39 authorization from the EDA for Arbor Oaks to start dealing with the City's legal counsel. A
40 $5,000 escrow will be provided to the City from Arbor Oaks to cover the cost of bond counsel
41 and City staff.
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43 President Trude asked how long is left on the current TIF note. Mr. Dickinson answered there is
44 13 years left.
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46 Mr. Fink reviewed the refinancing process.
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48 The EDA is supportive of the refinancing moving forward.
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Andover Economic Development Authority Meeting
Minutes —June 6, 2017
Page 2
Mr. Fink indicated the lender would like to close in July.
President Trude thanked Mr. Fink for coming in and directed staff to work with bond counsel on
the assignments and consents requests.
DISCUSS PRESBYTERIAN HOMES REQUEST
Mr. Dickinson indicated Presbyterian Homes is requesting the City's consideration of a Low
Income Rental Classification (LIRC) for their Farmstead Facility in Andover.
Mr. Dickinson explained the classification would require 20% (28 units) of the Farmstead units
to be available to low income residents. With the classification the City would allow Anoka
County to reduce the taxes by 40% for the qualifying units.
Mr. Dickinson stated staff is looking for direction from the EDA. A $5,000 escrow would be
required from Presbyterian Homes to cover the cost of bond counsel and City staff.
The EDA discussed the request. The consensus was for staff to further explore the request.
Mr. Dickinson indicated staff would relay to Presbyterian Homes the comments related to the
LIRC request, Mr. Dickinson will firm up numbers and bring the information back to a future
EDA meeting.
REVIEW/DISCUSS COMMERCIAL PROJECT ACTIVITY
Mr. Janish reviewed the following:
The Shops @ Andover, 13650 Hanson Boulevard- Dunkin Donuts, Natural Nails, and Joy
Kitchen are open. Twin Cities Dental has a building permit ready for pick up, however they
have not hired a contractor yet.
Estates at Arbor Oaks/Trident Development, 1753 156th Lane — Carpet is being installed on the
2nd and 3`d floors. Mr. Roger Fink updated they anticipate the Certificate of Occupancy to be
issued by the end of July, landscaping to be done shortly, and they are taking applications and
deposits from potential tenants.
Eight Unit Townhome Building, 1826-1840139`" Avenue — Is completed and rented.
Andover Cinema, 1836 Bunker Lake Boulevard — The seating project was completed May 41h.
Daycare Interest — City Staff has been working with a daycare facility, Mother Goose on their
Commercial Site Plan for the Clocktower Commons property. Another daycare facility has
expressed interest in locating in Andover as well.
Restaurants/Fast Food — Currently staff is aware of two restaurants looking for land to locate to
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Andover Economic Development Authority Meeting
Minutes —June 6, 2017
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in Andover. Those restaurants are focusing on Bunker Lake Boulevard.
Med Express — The Certificate of Occupancy is expected to be issued June 2"d. An event is
scheduled for June 201h from noon to 2:00 p.m., with a ribbon cutting ceremony at 1:00 p.m. The
EDA will be updated via email closer to the date.
Upper Midwest Athletic Construction — City Council will review a CUP request for exterior
storage at 3017 161" Avenue, the Hughes Industrial area.
State Farm Insurance — has located next to Festival Foods.
Former Andover Liquor Store — Staff was contacted by a possible manufacturer looking at the
building last week.
Overall Marketing — Staff continues to work with parties interested in investing in Andover.
OTHER BUSINESS
There was none.
ADJOURNMENT
Motion by Bukkila, by Knight to adjourn. Motion carried unanimously. The meeting adjourned
at 6:50 p.m.
Respectfully submitted,
Michelle Hartner, Recording Secretary
?C I T Y 0 F
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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: July 5, 2017
INTRODUCTION
Staff will provide a progress report on ongoing commercial project activity at the meeting.
ANDOVER COMMERCIAL PROJECTS
The Shops @Andover, 13650 Hanson Boulevard NW Natural Nails is open. Dunkin Donuts is
open. Joy Kitchen is open. Twin Cities Dental has their permit, and just had a rough -in
plumbing inspection. (this building is now full).
Estates at Arbor Oaks / Trident Development, 1753 156`4 Lane NW — Final inspections will
occur the week of June 26 -30. Punchlist items will be addressed with turn -over to ownership
expected August 1.
• Daycare Interest — Mother Goose is currently evaluating whether or not to move forward with
their project. A second daycare facility has also expressed interest in locating in Andover.
• Restaurants/Fast Food — Currently staff is aware of two type of restaurant facilities looking for
land to locate in Andover.
• Med Express —Is open and had a ribbon cutting ceremony on June 20.
• Upper Midwest Athletic Construction — A CUP was granted for outside storage, staff is waiting
for the Commercial Site Plan to be submitted.
• Andover Cinema — Is expected to apply for a CUP for alcohol sales in August. The Theater
seating has been switched over and some sidewalk work is expected to occur.
• Integra Dental — The Parlor has closed, that space in the North Pointe Plaza CIC building has
allowed the Integra Dental Office to expand by about 800 sq. feet. The "condo' units are being
sold off, one to Integra, the other is being marketed to a new user.
• Overall marketing - City Staff continue to work with parties interested in investing in Andover
and marketing all commercial sites.
submitted,
Dickinson