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HomeMy WebLinkAboutEDA - May 19, 20201685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755-5100 FAX (763) 755-8923 • WWW.ANDOVERMN.GOV ECONOMIC DEVELOPMENT AUTHORITY MEETING May 19, 2020 6:00 p.m. Conference Rooms A & B 1. Call to Order— 6:00 p.m. 2. Approval of Minutes (March 2, 2020 Regular) 3. Swear In Newly Appointed Commissioners 4. Commercial/Redevelopment Updates 5. Discuss Abatement at 2557 Bunker Lake Blvd. NW 6. Discuss Covid Emergency Loan Fund 7. Economic Development Strategy Discussion 8. Other Business 9. Adjournment Some or all members of the Andover EDA may participate in the May 19, 2020 EDA meeting by telephone or video conference rather than by being personally present at the EDA meeting place at the Andover City Hall, 1685 Crosstown Boulevard NW, Andover, MN 55304. Members of the public can physically attend, although there is very limited seating in the City Council Chambers as appropriate social distancing will be done by the Council and visitors. •C I T Y 0i LNDOVE 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 Administr, FROM: Michelle Harmer, Deputy City SUBJECT: Approval of Minutes DATE: May 19, 2020 INTRODUCTION The following minutes were provided by Staff reviewed by Administration and submitted for EDA approval: March 2, 2020 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 DEVELOPMENTA UTHORITYMEETING— MARCH 2, 2020 -MINUTES 10 The Meeting of the Andover Economic Development Authority was called to order by President 11 Julie Trude March 2, 2020, 6:02 p.m., at the Andover City Hall '1685 Crosstown Boulevard NW, 12 Andover, Minnesota. 13 14 Present: Commissioners Sheri Bukkila, Valerie Holthus (arrived at 6:39 15 p.m.), Kari Kafer and Joyce Twistol 16 17 Absent: Commissioner Jamie Barthel 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 46 47 48 Also present: EDA Executive Public Works Director/City Engineer, Dave Berkowitz Associate Planner, Jake Griffiths APPROVAL OF MINUTES January 7, 2020, Regular Meeting: ; Correct as written Motion by Twistol, Seconded by Bukkila, to approve the minutes as written. Motion carried unanimously. COMMERCIAL PROJECT ACTIVITY Mr. Dickinson updated on the following: Upper Midwest Athletic Construction — Staff is working with the owner on the screening of the site by adding additional trees as indicated by the City Council during their review, the project is expected to start in the spring of 2020. Hearth Development, 1714 Bunker Lake Boulevard — Fitaholic is open and two tenant spaces remain to be leased. A question was raised about a possible drive through; however, the building was not built for one and would require acquisition of land from the bus company to accommodate a drive through. President Trude asked if they are actively marketing the tenant spaces. Mr. Dickinson replied yes, they are marketing the spaces themselves. Clocktower Commons, 15190 Bluebird Street — The final building pad location interest is relatively low at this point. 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 — March 2, 2020 Page 2 Andover High School, 2115 Andover Boulevard — Phase 1 is complete. Phase 2 will be constructed by Gohman Construction and the permit is expected to be picked up soon. Spring construction is scheduled for Phase 2, while school is still in session. Interest in Hughes Industrial Park — Interest in this area comes and goes. A 10 -acre property east of the park has been on the market and City Council reviewed with the landowner desired roadway connections through the parcel at a past workshop. City Council agreed the property owner needs to meet the criteria the City requires. President Trude recapped the City Council workshop. Andover Public Works Maintenance Building, 1900 Veterans Memorial Boulevard — This project is underway. The Cold Storage building should have occupancy spring of 2020. The Maintenance Facility continues to have construction activities take place with occupancy spring of 2020 as well. Mr. Berkowitz stated the plan is to start moving into the facility in April with transition in May. Site work will continue until June or July. Andover Community Center, 15200 Hanson Boulevard — The east parking lot is complete. The west parking lot and sport complex construction is underway. The running track is being installed in the multi-purpose rink area, refrigeration and mechanical installation is underway, interior framing work is done as well. YMCA Expansion, 15200 Hanson Boulevard — Is under construction, which will include a new gymnasium. Wall panel installation nearly complete, structural steel is in place, new elevator construction is underway. Early August for completion. Beberg Landscaping (self -storage), 13535 Grouse Street — Staff has commented on the second Commercial Site Plan and is waiting on the third submittal. As part of a "land swap" the applicant needs to create an RLS and have a vacation of roadway approved by City Council. This is slated for the March 17, 2020 City Council meeting. Legacy Christian Academy, 3037 Bunker Lake Boulevard — Construction is underway to build a three-story classroom addition between the existing buildings to replace temporary classrooms. Custom Smiles Dentistry, 2258 Bunker Lake Boulevard — This project is complete. Riverdale Church, 3210 Bunker Lake Boulevard — Continues to work on their interior remodel which they hope will create an "open design" to provide a more modern appeal and allow for more interaction for all ages. Integra Dental, 13783 This Street, Suite 400 — Expansion is underway to add additional workstations. CVS Pharmacy, 3633 Bunker Lake Boulevard — CVS Health Club should be ready for clinical 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 — March 2, 2020 Page 3 practice soon. Restaurants/Fast Food — Currently staff is aware of companies continuing to look for land to locate to in Andover. Margie's Kitchen and Cocktails, 13735 Round Lake Boulevard, Suite 105 — City Council approved a CUP for on -sale liquor license on February 18, 2020. The applicant/restaurant owner continues to work with their contractor on interior design and permitting. TCF Site — TCF was approached by private parties about acquiring the lot from them. Staff has heard from three parties who have made offers on the site. Two uses would be allowed according to current zoning regulations. A third parry contacted City staff indicating they also made an offer. Staff is unsure at this time if TCF has actually sold the parcel. Train for Andover Station — Staff is attempting to follow up with a potential business on this particular lot. This lot is owned by the Association. Hanson Boulevard and 1331 Avenue Monument Sign —All permits are in place. Construction to begin in the spring. 71" Avenue and Bunker Lake Boulevard — Staff continues to work with Quest Development and CenterPoint Energy on acquiring a roadway easement through the CenterPoint property. CenterPoint has agreed to an alignment. The proposed developer is working on an easement description for the property. Holasek Property — This parcel has become relatively silent at the moment. The parcel could be developed as mixed-use, commercial and residential. Overall Marketing — City staff continues to work with parties interested in investing in Andover and marketing all commercial sites. Staff continues to work with Anoka County Regional Economic Development (ACRED) on marketing of the community and Anoka County. Prairie Oak Church, 1657161St Avenue — The church is changing their long-term vision. They are working with a broker and looking at marketing their site, potentially splitting off a parcel for commercial use. The parcel is outside the MUSA boundaries. Staff has looked at getting water and sewer to the parcel, it is possible, but is quite costly. There is potential to combine with the parcel to the north, which could be used for senior living. That might make it cost effective to run water and sewer to the property. Staff is looking for direction from the EDA to pursue the idea. The EDA concurred. Passion Church, 13545 Martin Street — They may be looking for a partner to divide the building in half. Kottkes — Staff was contacted by a broker who is interested in approaching Kottkes about relocating. 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 Andover Economic Development Authority Meeting Minutes —March 2, 2020 Page 4 REDEVELOPMENT UPDATES Mr. Dickinson indicated 2557 Bunker Lake Boulevard which is owned by the City is vacant of tenants. Staff is looking at having the asbestos test done. Once the asbestos materials are removed from the building it will be turned over to the Fire Department and Anoka County Sheriff s Office for maximizing their training, then the building will be demolished. The area was discussed. Mr. Dickinson indicated code enforcement continues in the area. Staff continues to monitor the area. OTHER BUSINESS There was none. ADJOURNMENT Motion by Bukkila, Seconded by Kafer to adjourn. Motion carried unanimously. The meeting adjourned at 6:44 p.m. Respectfully submitted, Michelle Hartner, Recording Secretary 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755-5100 FAX (763) 755-8923 • WWW.ANDOVERMN.GOV TO: President and Commissioners CC: Jim Dickinson, Executive Directo FROM: Joe Janish, Community Developmen it tor49 SUBJECT: Review Commercial Project Activity DATE: May 19, 2020 INTRODUCTION Staff will provide a progress report on ongoing commercial project activity at the meeting. ►1 U �7�] %B7 (ZII�Ju_ [u !� I CZNLI IJ��i11L�[AY1cy Upper Midwest Athletic Construction — City Council recently granted a CUP for Interim Performance Standards to utilize parking stops vs. high back curb. This project has received approval with the requirement that we reevaluate the screening once complete to be certain it works. The City of Andover's City Code allows for the Council to require review of any outside ordinance so if concerns exist after the completion we have room to work with the applicant to provide additional screening. • Hearth Development, 1714 Bunker Lake Blvd. NW — Two tenant spaces remain to be leased. • Clock Tower Commons —The final building pad location interest is relatively low at this point. • Andover High School, 2018 Additions and Renovations —Second Phase is underway — footings are being completed for outdoor education classrooms, and new field house. • Interest in Hughes Industrial Park — Interest in this area comes and goes. A 10 acre property east of the park has been on the market and City Council reviewed with the landowner desired roadway connections through the parcel at a past work session. • Andover PW Maintenance Building, 1900 Veterans Memorial Blvd. — Working on punch list items and the move in process has been initiated. • Andover Community Center, 15200 Hanson Blvd. NW — Multi-purpose rink floor is in place, mechanical for hockey facilities are being installed, running track is in, bleachers shop plan is approved. • YMCA Expansion — Is under construction, which will include a new gymnasium. Mechanical rough in is complete, structure is in place, fireproofing is complete, elevator shaft is in place. • Beberg Landscaping (self -storage) — City Council approved a CUP for additional Mini -storage on a portion of this location on February 5t°. The buyers of the property had intended to expand the mini -storage. After staff completed the CSP we were contacted that the developer desires to adjust each building by 6 inches which requires a resubmittal of plan sets. RLS is approved by City Council, staff continues to work with deed transfers and easements. • Legacy Christian Academy, Additions & Remodeling, 3037 Bunker Lake Blvd NW — Kinghorn Construction is underway to build a three-story classroom addition between the existing buildings to replace temporary classrooms. • Riverdale Church, 3210 Bunker Lake Blvd NW —Continues to work on their interior remodel which they hope will create an "open design" to provide a more modern appeal and allow for more interaction for all ages. • Integra Dental, 13783 Ibis St NW Suite 400 — Expansion is underway to add additional work stations, the work is almost complete. • CVS Pharmacy, 3633 Bunker Lake Blvd NW— CVS Health Club is complete. • Casey's, 15246 Bluebird St. NW —A permit was submitted for a full commercial kitchen and interior remodeling. • Restaurants/Fast Food — Currently staff is aware of companies continuing to look for land to locate in Andover. • Margie's Kitchen and Cocktails, 13735 Round Lake Blvd NW Suite 105 — City Council approved a CUP for ON Sale Liquor License on February 18, 2020. Permit review is complete. • TCF Site — Apparently TCF approached private parties about acquiring the lot from them. Staff has heard from three parties who have made offers on the site. Two uses would be allowed according to current zoning regulations. A third party contacted city staff indicating they also made an offer. Staff is unsure at this time if TCF has actually sold the parcel. • Train for Andover Station - A few EDA Members had spoke with the St. Cloud Area Rail Legacy Museum, additional research will continue to be conducted. City staff is attempting to follow up with a potential business on this particular lot as well. This lot is owned by the association. • Hanson and 133'a Ave Monument Sign —This should be underway. Some items have been ordered and Demars signs has taken a lead on this project. • 7' Avenue and Bunker — Staff continues to work with Quest Development and CenterPoint Energy on acquiring an easement through the CenterPoint Property. CenterPoint has agreed to an alignment. The proposed developer is working on an easement description for the property. The proposed developer is waiting for title work on the property. Surveying work for boundaries have been completed according to the developer. • Holasek Property — This parcel has become relatively silent at the moment. • COVID-19 — The city has set up a page with several resources for businesses and residents. City of Andover Website. • Overall marketing - City Staff continue to work with parties interested in investing in Andover and marketing all commercial sites. Staff continues to work with the Anoka County Regional Economic Development (ACRED) on marketing of the community and Anoka County. 1 � sr�,ijli` 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755-5100 FAX (763) 755-8923 • WWW.ANDOVERMN.GOV TO: President and CC: Jim Dickinson, Executive Director FROM: Joe Janish, Community SUBJECT: Discuss Abatement at 2557 Bunker Lake Blvd. NW DATE: May 19, 2020 INTRODUCTION Andover EDA has been acquiring property in the Bunker Lake Blvd area which is located between Bunker Lake Blvd and 138h Ave for future redevelopment. The city acquired 2557 Bunker Lake Blvd. and currently tenants have moved out or have been moved to another building the Andover EDA owns. The original direction from the Andover EDA has been to demo buildings as they become empty. Originally it was thought the buildings could be used for training by the Fire Department and Sheriff s Department. However, an asbestos inspection of the building determined that asbestos material is in the ceiling materials (popcorn). Staff reached out to three contractors that specialize in the removal of asbestos. Staff requested two options as part of the estimates for removal which included either scrapping the popcorn material from the ceiling or removal of the ceiling material. Due to the additional cost of scrapping and the additional circumstances of COVID-19 impacting training practices. City staff is suggesting the Andover EDA consider demolition of the asbestos material vs scrapping. The three contractors who provided estimates included: DCI, Envirobate, T.C.A.T. City Staff recommends the Andover consider contracting with Envirobate to Demo the material for a cost of $15,985. Staff will be present if members have additional questions. 7W:L,C I T Y •,`.611 _`. __0 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755-5100 FAX (763) 755-8923 • WWW.ANDOVERMN.GOV TO: President and Commissioners CC: Jim Dickinson, Executive Directo FROM: Joe Janish, Community Developme irector'-,# SUBJECT: Discuss Covid Emergency Loan Fund DATE: May 19, 2020 INTRODUCTION Currently a bill is in process at the State Senate that would distribute CARES Act funding (federal funding) based on a dollar amount per resident to local communities. In preparation if something like this was approved staff wanted to be prepared to roll out a program as quickly as possible. In order to do this staff has developed the attached program. This program would be used to assist companies with their startup of the business upon re -opening. The highlights of the program include: • Maximum amount: $10,000 or some other dollar amount determined by amount given and EDA approval. • Term: up to five (5) years • Rate: 0% • Deferment: first six (6) months of payments deferred • Forgiveness: up to 100% forgiven based on meeting set criteria • Eligible uses of funds: payroll, accounts payable, lease/mortgage payments, utilities, inventory, and other business related expenses. Businesses who are eligible to apply for funds through the COVID ELF program must meet the following criteria: • Have a physical non-residential location within the City; • Employ no more than 40 FTE; • Faced mandated full or partial closure or were deemed non-essential by the State of Minnesota In order to apply applicants would need to provide the following: • Two most recent business tax returns; • Credit check authorization form; • Personal financial statement form; • Payroll reports from the I" quarter 2020 showing employment levels, details on if the position is full or part-time and wage; • Next 3 months of itemized operating expenses (May, June, July); • Proof of business address (mortgage statement, lease, or other document); • Articles of incorporation; • SBA Form 1368; • CMDC Debt Schedule Form At this time the bill is still making its way through the legislative process and may be altered. Staff is looking for Andover EDA input at this time and if the CARES Bill is approved city staff will be looking for a formal motion at a June 2, 2020 EDA meeting with a turn around to City Council on June 2, 2020. Attached: • Coronavirus Relief Fund Guidance for State, Territorial, Local and Tribal Governments April 22, 2020. Coronavirus Relief Fund Guidance for State, Territorial, Local, and Tribal Governments April 22, 2020 The purpose of this document is to provide guidance to recipients of the funding available under section 601(a) of the Social Security Act, as added by section 5001 of the Coronavirus Aid, Relief, and Economic Security Act ("CARES Act"). The CARES Act established the Coronavirus Relief Fund (the "Fund") and appropriated $150 billion to the Fund. Under the CARES Act, the Fund is to be used to make payments for specified uses to States and certain local governments; the District of Columbia and U.S. Territories (consisting of the Commonwealth of Puerto Rico, the United States Virgin Islands, Guam, American Samoa, and the Commonwealth of the Northern Mariana Islands); and Tribal governments. The CARES Act provides that payments from the Fund may only be used to cover costs that— are necessary expenditures incurred due to the public health emergency with respect to the Coronavirus Disease 2019 (COVID-19); 2. were not accounted for in the budget most recently approved as of March 27, 2020 (the date of enactment of the CARES Act) for the State or government; and 3. were incurred during the period that begins on March 1, 2020, and ends on December 30, 2020.' The guidance that follows sets forth the Department of the Treasury's interpretation of these limitations on the permissible use of Fund payments. Necessary expenditures incurred due to the public health emergency The requirement that expenditures be incurred "due to" the public health emergency means that expenditures must be used for actions taken to respond to the public health emergency. These may include expenditures incurred to allow the State, territorial, local, or Tribal government to respond directly to the emergency, such as by addressing medical or public health needs, as well as expenditures incurred to respond to second -order effects of the emergency, such as by providing economic support to those suffering from employment or business interruptions due to COVID-19-related business closures. Funds may not be used to fill shortfalls in government revenue to cover expenditures that would not otherwise qualify under the statute. Although a broad range of uses is allowed, revenue replacement is not a permissible use of Fund payments. The statute also specifies that expenditures using Fund payments must be "necessary." The Department of the Treasury understands this term broadly to mean that the expenditure is reasonably necessary for its intended use in the reasonable judgment of the government officials responsible for spending Fund payments. Costs not accounted for in the budget most recently approved as of March 27, 2020 The CARES Act also requires that payments be used only to cover costs that were not accounted for in the budget most recently approved as of March 27, 2020. A cost meets this requirement if either (a) the cost cannot lawfully be funded using a line item, allotment, or allocation within that budget or (b) the cost 'See Section 601(d) of the Social Security Act, as added by section 5001 of the CARES Act. is for a substantially different use from any expected use of funds in such a line item, allotment, or allocation. The "most recently approved" budget refers to the enacted budget for the relevant fiscal period for the particular government, without taking into account subsequent supplemental appropriations enacted or other budgetary adjustments made by that government in response to the COVID-19 public health emergency. A cost is not considered to have been accounted for in a budget merely because it could be met using a budgetary stabilization fund, rainy day fund, or similar reserve account. Costs incurred during the period that begins on March 1, 2020, and ends on December 30, 2020 A cost is "incurred" when the responsible unit of government has expended funds to cover the cost Nonexclusive examples of eligible expenditures Eligible expenditures include, but are not limited to, payment for: 1. Medical expenses such as: • COVID-19-related expenses of public hospitals, clinics, and similar facilities. • Expenses of establishing temporary public medical facilities and other measures to increase COVID-19 treatment capacity, including related construction costs. • Costs of providing COVID-19 testing, including serological testing. • Emergency medical response expenses, including emergency medical transportation, related to COVID-19. • Expenses for establishing and operating public telemedicine capabilities for COVID-19- related treatment. 2. Public health expenses such as: • Expenses for communication and enforcement by State, territorial, local, and Tribal governments of public health orders related to COVID-19. • Expenses for acquisition and distribution of medical and protective supplies, including sanitizing products and personal protective equipment, for medical personnel, police officers, social workers, child protection services, and child welfare officers, direct service providers for older adults and individuals with disabilities in community settings, and other public health or safety workers in connection with the COVID-19 public health emergency. • Expenses for disinfection of public areas and other facilities, e.g., nursing homes, in response to the COVID-19 public health emergency. • Expenses for technical assistance to local authorities or other entities on mitigation of COVID- 1 9 -related threats to public health and safety. • Expenses for public safety measures undertaken in response to COVID-19. • Expenses for quarantining individuals. 3. Payroll expenses for public safety, public health, health care, human services, and similar employees whose services are substantially dedicated to mitigating or responding to the COVID- 19 public health emergency. 4. Expenses of actions to facilitate compliance with COVID-19-related public health measures, such as: • Expenses for food delivery to residents, including, for example, senior citizens and other vulnerable populations, to enable compliance with COVID-19 public health precautions. • Expenses to facilitate distance learning, including technological improvements, in connection with school closings to enable compliance with COVID-19 precautions. • Expenses to improve telework capabilities for public employees to enable compliance with COVID-19 public health precautions. • Expenses of providing paid sick and paid family and medical leave to public employees to enable compliance with COVID-19 public health precautions. • COVID-19-related expenses of maintaining state prisons and county jails, including as relates to sanitation and improvement of social distancing measures, to enable compliance with COVID-19 public health precautions. • Expenses for care for homeless populations provided to mitigate COVID-19 effects and enable compliance with COVID-19 public health precautions. 5. Expenses associated with the provision of economic support in connection with the COVID-19 public health emergency, such as: • Expenditures related to the provision of grants to small businesses to reimburse the costs of business interruption caused by required closures. • Expenditures related to a State, territorial, local, or Tribal government payroll support program. Unemployment insurance costs related to the COVID-19 public health emergency if such costs will not be reimbursed by the federal government pursuant to the CARES Act or otherwise. 6. Any other COVID-19-related expenses reasonably necessary to the function of government that satisfy the Fund's eligibility criteria. Nonexclusive examples of ineligible expenditures' The following is a list of examples of costs that would not be eligible expenditures of payments from the Fund. 1. Expenses for the State share of Medicaid .3 2. Damages covered by insurance. 3. Payroll or benefits expenses for employees whose work duties are not substantially dedicated to mitigating or responding to the COVID-19 public health emergency. 'In addition, pursuant to section 5001(b) of the CARES Act, payments from the Fund may not be expended for an elective abortion or on research in which a human embryo is destroyed, discarded, or knowingly subjected to risk of injury or death. The prohibition on payment for abortions does not apply to an abortion if the pregnancy is the result of an act of rape or incest; or in the case where a woman suffers from a physical disorder, physical injury, or physical illness, including a life -endangering physical condition caused by or arising from the pregnancy itself, that would, as certified by a physician, place the woman in danger of death unless an abortion is performed. Furthermore, no government which receives payments from the Fund may discriminate against a health care entity on the basis that the entity does not provide, pay for, provide coverage of, or refer for abortions. 'See 42 C.F.R. § 433.51 and 45 C.F.R. § 75.306. 4. Expenses that have been or will be reimbursed under any federal program, such as the reimbursement by the federal government pursuant to the CARES Act of contributions by States to State unemployment funds. 5. Reimbursement to donors for donated items or services. 6. Workforce bonuses other than hazard pay or overtime. 7. Severance pay. 8. Legal settlements. 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755-5100 FAX (763) 755-8923 • WWW.ANDOVERMN.GOV TO: President and Commissioners CC: Jim Dickinson, Executive Director FROM: Joe Janish, Community Development tor� SUBJECT: Economic Development Strategy Discussion DATE: May 19, 2020 INTRODUCTION Staff is asking the EDA to discuss and consider potential strategies for staff and the Andover EDA to pursue. Staff has provided a list of items to spur discussion this evening. STRATEGY 1: Define the role of the Andover EDA • Review By -Laws o Recommend necessary changes • Define role and expectations of: o Commissioners o Executive Director o Staff o Etc. STRATEGY 2: Market the City of Andover • Market Studies (Housing, Retail) • Branding STRATEGY 3: Public Inventory/Assets • Identify EDA & City owned commercial & residential property, identify potential redevelopment opportunities for each parcel. 0 4 plex properties o Andover Station North o Andover Station o Signage locations o Underutilized parcels STRATEGY 4: Private Inventory/Assets Identify privately owned commercial & residential property, identify potential redevelopment opportunities for each parcel. STRATEGY 5: Tools • Evaluate existing financial programs for Economic Development and determine if they are adequate; • Identify programs that may be implemented to improve the business environment: o Revolving loans; o Business retention survey's; The strategies above are meant to spur conversation with the Andover EDA and are in no way all inclusive. Once one or two strategies are identified by the Andover EDA then City Staff will begin the work necessary to develop additional strategies and move forward with activities to implement.