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HomeMy WebLinkAboutNovember 21, 2017M S 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755-5100 FAX (763) 755-8923 • WWW.ANDOVERMN.GOV ECONOMIC DEVELOPMENT AUTHORITY MEETING November 21, 2017 6:00 p.m. Conference Rooms A & B 1. Call to Order— 6:00 p.m. 2. Approval of Minutes (9/19/17 Regular; 11/6/17 Regular; 11/6/17 Closed) 3. Ratify Purchase Agreements Bunker Lake Boulevard Redevelopment Area - Planning 4. Review/Discuss Proposed 2018 EDA Budget —Administration 5. Approve LMCIT Liability Coverage/EDA - Administration 6. Review Development Activity - Planning Close Session 7. Redevelopment Updates/Property Negotiation Updates - Verbal 8. Other Business 9. Adjournment N X ANDOVER ECONOMIC DEVELOPMENTAUTHORITYMEETING— NOVEMBER 21,2017- MINUTES The Meeting of the Andover Economic Development Authority was called to order by President Julie Trude, November 21, 2017, 6:01 p.m., at the Andover City Hall, 1685 Crosstown Boulevard NW, Andover, Minnesota. Present: Commissioners Sheri Bukkila, Valerie Holthus, James Goodrich, Mike Knight and Joyce Twistol Absent: Commissioner Timothy Cleven Also present: Executive Director, Jim Dickinson Community Development Director, Joe Janish Public Works Director/City Engineer, Dave Berkowitz APPROVAL OFMINUTES September 19, 2017, Regular Meeting: Correct as written. Motion by Twistol, Seconded by Holthus, to approve the minutes as written. Motion carried 6 ayes, 1 absent (Cleven). November 6, 2017, Regular Meeting: Correct as written. Motion by Twistol, Seconded by Holthus, to approve the minutes as written. Motion carried 6 ayes, 1 absent (Cleven). November 6, 2017, ClosedMeeting.- Correct as written. Motion by Holthus, Seconded by Twistol, to approve the minutes as written. Motion carried 6 ayes, 1 absent (Cleven). RATIFY PURCHASE AGREEMENTS BUNKER LAKE BOULEVARD REDEVELOPMENT AREA Mr. Dickinson indicated there were three properties the EDA was pursuing, 2526 1381h Avenue, 2543 and 2557 Bunker Lake Boulevard. Direction from the last closed EDA meeting was to extend offers on the three properties. The two properties along Bunker Lake Boulevard were extended offers of $332,500 with a quick closing. Mr. Dickinson indicated both offers were Andover Economic Development Authority Meeting Minutes —November 21, 2017 Page 2 accepted with a closing date of November 30, 2017. Mr. Dickinson continued with property 2526 138th Avenue. This is a bank owned property. The EDA had authorized an offer up to $315,000. The appraisal amount of $306,500 was offered with quick terms of closing by the end of November. The offer of $306,500 was accepted with a closing date of December 8, 2017. Motion by Twistol, Seconded by Knight authorizing the Executive Director to close on the purchase agreements as outlined. Motion carried 6 ayes, 1 absent (Cleven). Mr. Dickinson indicated the two properties on Bunker Lake Boulevard have eight valid leases. The City will be looking into hiring a property management firm to manage the two properties. The property on 138th Avenue is vacant and once acquired the City will secure the building and monitor. Motion by Trude, Seconded by Bukkila authorizing the Executive Director to evaluate hiring a management firm and to move forward with a contract if appropriate. Motion carried 6 ayes, 1 absent (Cleven). 0 REVIEWIDISCUSS PROPOSED 2018 EDA BUDGET Mr. Dickinson stated the proposed 2018 EDA budget requires recommendation from the EDA to the City Council for approval of the budget. Mr. Dickinson reviewed the 2018 EDA budget. President Trude asked with the new revenue and expenses with the redevelopment properties does the EDA budget need to be amended. Mr. Dickinson answered not at this time. He continued with any revenue generated by the TIF District needs to go back into the TIF Project Fund. President Trude indicated now that the reconstruction of Bunker Lake Boulevard is complete she suggested getting a quote for lighting of the entrance sign on the border of Ham Lake. Mr. Dickinson stated an estimate will be brought back to a future meeting. Motion by Holthus, Seconded by Knight, recommending the proposed EDA 2018 budget to the City Council. Motion carried 6 ayes, 1 absent (Cleven). APPROVE LMCIT LL4BILITY COVERAGE/EDA © Mr. Dickinson stated the League of Minnesota Cities Insurance Trust (LMCIT) has requested that participating entities annually decide whether or not to waive the statutory tort liability limits established by Minnesota Statutes 466.04. Currently the City of Andover EDA Does Not Waive the monetary limits on municipal tort liability established by Minnesota Statutes 466.04. It is his recommendation to continue with past practices. Andover Economic Development Authority Meeting Minutes — November 21, 2017 Page 3 Motion by Holthus, Seconded by Bukkila, to approve the LMCIT Liability Coverage and to not waive the monetary limits on tort liability established by Minnesota Statutes 466.04. Motion carried 6 ayes, 1 absent (Cleven). REVIEW COMMERCIAL PROJECT ACTIVITY Mr. Janish reviewed the following: The Shops @ Andover, 13650 Hanson Boulevard- SportClips construction is underway. It looks like there is potential for another bay next to Joy Kitchen. Estates at Arbor Oaks/Trident Development, 1753 1561h Lane — In the process of renting out units. 14 units have been rented. Daycare Interest — A daycare facility has expressed interest in locating in Andover and has been given a third extension for one particular location. © Restaurants/Fast Food — Currently staff is aware of two companies continuing to look for land to locate in Andover. Upper Midwest Athletic Construction — A CUP was granted. Staff is waiting for the Commercial Site Plan to be submitted. Andover Cinema, 1836 Bunker Lake Boulevard — A CUP was granted for liquor sales and an On -Sale Liquor License was issued. As of last week sales have not yet begun. Liquor sales will most likely begin in early 2018. Pack Leader Behavior & Training — Final inspection completed. Northern Natural Gas/Centerpoint Energy — Project is wrapping up. Interest in Hughes Industrial Park — Businesses continue to show some interest in the area. Clocktower Commons — Has their permit for the electronic message sign. Overall Marketing — Staff continues to work with parties interested in investing in Andover. There has been some interest in the 7 1 Avenue and Bunker Lake Boulevard property to construct luxury apartments. © RECESS President Trude recessed the regular EDA meeting at 6:27 p.m. to a closed session of the EDA to discuss Bunker Lake Boulevard Redevelopment Updates/Property Negotiation Updates. © Andover Economic Development.4uthority Meeting Minutes — November 21, 2017 Page 4 RECONVENE The EDA reconvened at 6:51 p.m. OTHER BUSINESS President Trude stated Commissioner Cleven should be talked to regarding his meeting attendance. ADJOURNMENT Motion by Bukkila, Seconded by Holthus, to adjourn. Motion carried 6 ayes, 1 absent (Cleven). The meeting adjourned at 6:54 p.m. Respectfully submitted, Michelle Hartner, Recording Secretary H