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HomeMy WebLinkAboutOctober 6, 2020p Ll NDOVE 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755-5100 FAX (763) 755-8923 • WWW.ANDOVERMN.GOV ECONOMIC DEVELOPMENT AUTHORITY MEETING October 6, 2020 6:00 p.m. Council Chambers 1. Call to Order — 6:00 p.m. 2. Approval of Minutes (September 1, 2020) 3. Discuss/Consider Approval Round 2 -Small Business Grant Program —Administration 4. Discuss/Consider Acquisition of Property -Administration © 5. Adjournment Some or all members of the Andover EDA may participate in the October 6, 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. x ANDOVER ECONOMIC DEVELOPMENTAUTHORITYMEETING— OCTOBER 6, 2020 -MINUTES The Meeting of the Andover Economic Development Authority was called to order by President Julie Trude October 6, 2020, 6:00 p.m., at the Andover City Hall, 1685 Crosstown Boulevard NW, Andover, Minnesota. Present: Commissioners Sheri Bukkila, Jamie Barthel (via Zoom), Ted Butler, Greg Mueller and Kari Kafer Absent: Commissioner Valerie Holthus Also present: EDA Exedutive Director, Jim Dickinson © APPROVAL OFMINUTES September 1, 2020, Regular Meeting: Correct as presented. Motion by Bukkila, Seconded by Butler, to approve the minutes as presented. Motion carried 6 ayes, and 1 absent (Holthus). DISCUSS/CONSIDER APPROVAL ROUND 2 — SMALL BUSINESS GRANT PROGRAM Mr. Dickinson reviewed the CARES Act grant program. The City received the funds from the State on July 6, 2020. The City can have discretion to determine what the funds can be used for and decided to put a significant amount of the funds toward a program to help small businesses within the City. The City has until November 15, 2020 to spend down the CARES funds, unspent funds would be returned to Anoka County after November 15, 2020. Anoka County would then have 15 days to spend the funds and any remainder would go back to the State. Mr. Dickinson stated the program funding target is $1.8 million, targeting local businesses and non -profits. Round 1 took place in August with 29 applications received. $972,834 was distributed to qualifying businesses. Round 2 kicked off September 1". Staff received 27 applications requesting $925,850. Staff reviewed the applications and is requesting approval of funds for $829,650 be distributed to qualifying businesses. © Commissioner Kafer asked for clarification on the amount requested versus the amount staff is asking for approval. Mr. Dickinson replied while verifying some amounts were lowered due to the "stacking" of grants with the County and other amounts requested on some applications could not be verified. © Andover Economic Development Authority Meeting Minutes — October 6, 2020 Page 2 Commissioner Butler asked if any non -profits applied. Mr. Dickinson indicated no applications from non -profits were submitted. Motion by Butler, Seconded by Mueller approving Round 2 of the small business grant application list. Motion carried unanimously. Mr. Dickinson stated some restaurants have inquired about putting up tents with heaters for outdoor dining going into the cooler season. He continued the City does have guidelines in place for temporary structures such as tents. Mr. Dickinson stated you may see some restaurants limiting their hours to their busy times. DISCUSS/CONSIDER A CQ UISITION PR OPER TY Mr. Dickinson indicated the closing for the 4-plex located at 2556 138ih Avenue will be completed before October 30, 2020. Transition management and following up on tenant leases will take place after closing. Mr. Dickinson stated the EDA is requested to approve the purchase agreement for the twin home © located at 2513 Bunker Lake Boulevard. The sellers have signed the purchase agreement and would like to close on the property before October 15, 2020. Motion by Barthel, Seconded by Kafer approving the purchase agreement for the acquisition of 2513 Bunker Lake Boulevard. Motion carried unanimously. Commissioner Bukkila asked what properties will be demolished. Mr. Dickinson replied 2557 Bunker Lake Boulevard and 2526 138th Avenue will hold Fire Department and Sheriff's Office training before being demolished. Mr. Dickinson reviewed the redevelopment area. OTHER BUSINESS Mr. Dickinson updated the EDA on the housing developer interest for the Sonsteby property on 71h Avenue and Bunker Lake Boulevard. Staff has met with the developer. President Trade asked about the city sign on Bunker Lake Boulevard that was hit by a car. Mr. Dickinson indicated Mr. Brezinka is in charge of risk management and is taking care of that incident. ADJOURNMENT Motion by Butler, Seconded by Bukkila to adjourn. Motion carried unanimously. The meeting adjourned at 6:35 p.m. Respectfully submitted, Andover Economic Development Authority Meeting Minutes — October 6, 2020 Page 3 Michelle Hartner, Recording Secretary IMIR