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HomeMy WebLinkAboutSeptember 1, 20201685 CROSSTOWN BOULEVARD N.W.. ANDOVER, MINNESOTA 55304 • (763) 755-5100 FAX (763) 755-8923 . WWW.ANDOVERMN.GOV ECONOMIC DEVELOPMENT AUTHORITY MEETING September 1, 2020 6:00 p.m. Council Chambers 1. Call to Order— 6:00 p.m. 2. Approval of Minutes (August 18, 2020 Regular; August 18, 2020 Closed) 3. Discuss/Consider Approval Round 1 - 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 September 1, 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— SEPTEMBER 1, 2020 - MINUTES The Meeting of the Andover Economic Development Authority was called to order by President Julie Trude September 1, 2020, 6:00 p.m., at the Andover City Hall, 1685 Crosstown Boulevard NW, Andover, Minnesota. Present: Commissioners Sheri Bukkila, Jamie Barthel, Valerie Holthus, Ted Butler and Kari Kafer Absent: Commissioner Greg Mueller Also present: EDA Executive Director, Jim Dickinson Community Development Director, Joe Janish APPROVAL OF MINUTES August 18, 2020, Regular Meeting: Correct as amended. President Trude stated page 2, line 4 verses should be versus. Motion by Barthel, Seconded by Butler, to approve the minutes as amended. Motion carried 5 ayes, 1 present (Bukkila) and 1 absent (Mueller). August 18, 2020, Closed Meeting: Correct as written. Motion by Barthel, Seconded by Butler, to approve the minutes as written. Motion carried 5 ayes, 1 present (Bukkila and 1 absent (Mueller). DISCUSS/CONSIDER APPROVAL ROUND I — SMALL B USINESS 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 application deadline was August 17, 2020. The City received 29 applications © Andover Economic Development Authority Meeting Minutes — September 1, 2020 Page 2 from local businesses. Staff reviewed each application to determine if the business qualified and then validate with the business to assure they would be able to proof out those expenses meeting the criteria of the program. The 29 applications received requested a total of $1,088,834. After the application review Staff is recommending grants to businesses totaling $972,834. Mr. Dickinson indicated Round 2 will kick off September 2°a with an application deadline of September 15th. That would allow for review and disbursement of funds October 6th and if there are funds remaining a Round 3 would take place. Mr. Dickinson stated the majority of commonality with the applicants was for lease payments and payroll assistance. He indicated fund requests ranged from $1,000 - $100,000. There was a program cap of $50,000. President Trade thanked staff for all their hard work on this program. Commissioner Kafer asked if a business applied in Round 1 can they apply for Round 2. Mr. Dickinson answered that is correct. © Mr. Dickinson indicated it will be identified for Round 2 businesses who did not apply for Round 1 would have priority over a business who did receive funds in Round 1. Commissioner Bukkila asked about non -profits applying. Mr. Dickinson replied non -profits are eligible to apply for Round 2. Motion by Bukkila, Seconded by Butler approving the small business grant application list. Motion carried unanimously. Mr. Dickinson reviewed the process for Round 2. The application deadline is September 18, 2020. Alyson Reidy Newquist, CEO of Unique Dining addressed the EDA. Ms. Newquist thanked the EDA for this program. The business is very grateful for the funds and the funds will allow the business to stay open through the winter. President Trade thanked Ms. Newquist for coming in DISCUSS/CONSIDER ACQUISITIONPROPERTY Mr. Dickinson indicated staff had active negotiations with the property owner of 2556 130 Avenue. The negotiations resulted with a purchase agreement signed by the property owner. Motion by Butler, Seconded by Holthus approving the purchase agreement for the acquisition of © 2556 1381h Avenue. Motion carried unanimously. Mr. Dickinson reviewed the redevelopment area. © Andover Economic Development Authority Meeting Minutes —September 1, 2020 Page 3 Mr. Dickinson indicated staff is in active negotiations with the property owner of 2513 Bunker Lake Boulevard. He believes they are within $5,000 of closing the deal. Motion by Kafer, Seconded by Barthel authorizing the Executive Director to exceed the previously approved purchasing price for 2513 Bunker Lake Boulevard buy up to $5,000. Motion carried unanimously. OTHER BUSINESS There was none. ADJOURNMENT Motion by Butler, Seconded by Holthus to adjourn. Motion carried unanimously. The meeting adjourned at 6:35 p.m. Respectfully submitted, Michelle Harmer, Recording Secretary [a]