Loading...
HomeMy WebLinkAboutApril 6, 2004 0 0 ~~ ~\}.!ÓÒVE·~ Lt5U1:t:uì Lf - C -bÝ- 0 1685 CROSSTOWN BOULEVARD N.W. . ANDOVER, MINNESOTA 55304 . (763) 755-5100 FAX (763) 755-8923 . WWW.CJ.ANDOVER.MN.US CITY OF ANDOVER ECONOMIC DEVELOPMENT AUTHORITY MEETING April 6, 2004 - 6:00 p.m. CONFERENCE ROOM A AGENDA 1. Call to Order 2. Approve Minutes - March 16, 2004 3. Review TIF District for Hughs IndustrialPark - Finance/Planning 4. Consider Design Selection for Monument Signs - Planning 0 5. Schedule April 21 5t or April 22nd Special MeetinglReview Andover Station North RFP's - Planning 6. Schedule Business Appreciation Golf Outing Day/June 23rd - Planning 7. Other Business 8. Adjourn r\ U c\ /-- "\ '--,I ANDOVER ECONOMIC DEVELOPMENT AUTHORITY MEETING APRIL 6, 2004 - MINUTES A Meeting of the Andover Economic Development Authority was called to order by President Mike Gamache at 6:00 p.m., Tuesday, April 6, 2004 at the Andover City Hall, 1685 Crosstown Boulevard NW, Andover, Minnesota. Commissioners Present: Don Jacobson, Mike Knight, Ken Orttel, Julie Trude, Resident Members Robert Nowak and Fred Larsen ill (arrived at 6:22 pm) Commissioners Absent: Ed Schultz, Advisor to the EDA Also Present: John Erar, Executive Director Jim Dickinson, Finance Director Dave Berkowitz, City Engineer " '\ Will Neumeister, Community Development Director '--J APPROVAL OF MINUTES Motion by Jacobson, seconded by Orttel to approve the minutes of March 16, 2004. Motion carried. REVIEW TIF DISTRICT FOR HUGHS INDUSTRIAL PARK Mr. Dickinson explained that at the last EDA meeting he and the Community Development Director discussed the creation of a new TIF district for the Hughs Industrial Park to provide assistance to Rick Lindquist to build a new building. Another option would be to modify the current TIF development plan. A cash flow analysis was completed and shows there would be dollars available for Mr. Lindquist without having any debt service issues. With projected land sales and increment activity in the Andover Station area, increment would be available to provide assistance for this project. To modify the existing district a public hearing would need to be held. Commissioner Knight asked if a new TIF district could encompass the entire Hughs Industrial Park. Mr. Dickinson noted that it would. (j Commissioner Jacobson asked what the cost would be to set up a neW district. Mr. Dickinson stated it would be approximately $7,500.00. However, the city's fiscal agent doesn't think that we should create a district just for this project. 0 0 ~-) EDA Meeting April 6, 2004 - Minutes Page 2 Commissioner Orttel noted that by making these improvements we would be getting higher taxes but we would have to share those taxes with the county and it could take twice as long to recover. Mr. Dickinson explained that the EDA has three options: 1) create a new district; 2) modify the existing district; or 3) do nothing. Commissioner Knight asked how much money is left in the old district. Mr. Dickinson noted it is approximately $300,000 - $400,000. Mr. Erar noted that if the ED A doesn't do this, Mr. Lindquist will not improve his building. Commissioner Nowak stated that there are a lot of unknowns with Andover Station North. The ED A has already turned down a loan to one person and this is a grant. 0 Mr. Dickinson noted that based on a development plan, total taxes on this property would be $16,500 annually and we would get 40 percent of that amount with modifying the development district. The EDA would set this up that he would only get money back when he pays his taxes. The ED A has a business subsidy policy that he has to comply with. Commissioner Knight asked how the ED A could turn someone else down if we do this for Mr. Lindquist. Mr. Dickinson explained that they have to meet the "but for" test. The EDA has the ability to select any project you want. Mr. Lindquist's bank will finance him only if he gets this from the EDA. : : Commissioner Orttel stated that he would rather see the district stand on its own. Commissioner Trude noted that we don't know what else might come up on Andover Station North such as soil corrections. , : Motion by Knight, seconded by Trude to adopt the resolution calling for a public hearing ; i on a modification to the development program for development district No. 1 and the establishment of tax increment financing district No. 1-4 and the adoption of a tax increment financing plan. (Commissioner Larsen arrived at 6:22 pm)· Ü Motion carried on a 6-yes (Orttel, Knight, Gamache, Trude, Nowak, Larsen), I-no (Jacobson) vote. C) 0 / - '\ '....-) EDA Meeting April 6, 2004 - Mintues Page 3 CONSIDER DESIGN SELECTION FOR MONUMENT SIGNS Mr. Neumeister explained that the monument signs will establish a visual boundary of the city limits. The drawings were submitted to a drafter so we could go out for bids for the SIgnS. The ED A expressed concern that the property owners where the signs are proposed to be installed may want to get paid for their easements. It was suggested that staff talk to the property owners to see if they will give us an easement. It was suggested that staff also talk to Woodland Development to see where they obtain their signs from. Motion by Jacobson, seconded by Nowak that we focus on Design "D" but ask staff to talk to the property owners where the signs would be located to see if they will grant easements and at what cost and talk to contractors to see how much the signs would cost. (.- ~} ,---,' Motion carried unanimously. SCHEDULE APRIL 21sT OR APRIL 2:fiD SPECIAL MEETING/REVIEW ANDOVER STATION NORTH RFPs Motion by Jacobson, seconded by Knight to schedule a special EDA meeting on April 19,2004 at 6:00 pm with the reviews to be at 6:00,6:30 and 7:45 pm with a recess at 7:00 pm for the Board of Review. Motion carried unanimously. SCHEDULE BUSINESS APPRECIATION GOLF OUTING DAY/JUNE 23RD The Board requested that Mr. Neumeister check to see if June 30th would work for the golf outing as some ofthem cannot be there on the 23rd and to let them know ifthat date will work. AUTHORIZE DECLARATION AND AFFIDA VIT OF WETLAND REPLACEMENT AREAS Mr. Erar explained that the document was approved by the EDA previously and approval ~) ofthe document will finalize the action and provide the necessary documentation for the sale of the property to Target. 0 (J {~-----, \ / -. EDA Meeting April 6, 2004 - Minutes Page 4 Motion by Nowak, seconded by Orttel to approve the declaration of restrictions and covenants for replacement wetland. Motion carried unanimously. OTHER BUSINESS Mr. Dickinson noted that the EDA will be selling bonds for the Community Center on April 20th. The City Council will be holding a public hearing that evening for the redevelopment plan. Motion by Orttel, seconded by Knight to adjourn. Motion carried. ( ì Meeting adjourned at 6:55 p.m I , Respectfully submitted, fL£-- ¿J"t¿ Vicki V olk City Clerk \ ) , .-