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HomeMy WebLinkAboutOctober 7, 2003 (Vì1Li·-rlL& l D ~ ?-I ' 63 (-) 1685 CROSSTOWN BOULEVARD N.W, . ANDOVER, MINNESOTA 55304 . (763) 755-5100 FAX (763) 755-8923 . WWW.CI.ANDOVER,MN,US CITY OF ANDOVER ECONOMIC DEVELOPMENT AUTHORITY ) SPECIAL MEETING OCTOBER 7, 2003 - 6:00p.m. CONFERENCE ROOM A AGENDA 1. Call to Order 2. Approve Minutes - September 16, 2003 i 3. Andover Station North - RFP Presentation ! 4. Andover Station Residential- Development Issues 5. AndoverStation North - Appraisal Summary 6. Other Business 7. Adjourn ~ (J () 1685 CROSSTOWN BOULEVARD N.W. . ANDOVER, MINNESOTA 55304. (763) 755-5100 FAX (763) 755-8923 . WWW.CI.ANDOVER.MN.US SPECIAL ECONOMIC DEVELOPMENT AUTHORITY MEETING OCTOBER 7,2003 - MINUTES A Special meeting of the Andover Economic Development Authority was called to order by President Gamache at 6:00 p.m., Tuesday, October 7, 2003 at the Andover City Hall, 1685 Crosstown Boulevard NW, Andover, Minnesota. Commissioners Present: Ken Orttel, Julie Trude, Mike Knight, Don Jacobson Commissioners Absent: Fred Larsen, Robert Nowak, Ed Schultz Also Present: Will Neumeister, Community Development Director Jim Dickinson, Finance Director Others ; APPROVAL OF MINUTES - SEPTEMBER 16, 2003 ¡ C) Motion by Jacobson, seconded by Orttel to approve the minutes as presented. Motion carried on a 4-yes, I-present (Gamache) vote. ANDOVER STATION NORTH -RFP PRESENTATION Elizabeth Kautz, Executive Vice President of the Hartford Group, presented their proposal noting their company is a group of integrated real estate companies that provide , services to facilitate the development of large, mixed-use projects. They implement the , entire development process from land acquisition to continued property management. Ms. Kautz gave an overview of the principals of the company and introduced Mé~.ggie Horn, Director of Marketing, and Larry Johnson, Vice President of Development Services. Ms. Kautz explained that their plan provides for medium-density housing, employment, a park-and-ride facility, preservation of natural resources, etc. The park area can be enhanced with paths and sidewalks, coming off of Hanson they would have big box development and to the north commercial/retail. Senior housing would be appropriate along with medium density row houses. Going south the building would have retail on the first floor with residential on the 2nd, 3rd and 4th floors. I ! Ms. Kautz reviewed their company's experience including a 52-acre development in Apple Valley, an 8 I-acre development in Maplewood and a 42-acre site in Lino Lakes. () 0 0 C) Special EDA Meeting October 7, 2003 - Minutes Page 2 Commissioner Jacobson asked ifthey actually purchase the entire parcel and develop it or do they become a consultant. Ms. Kautz explained that they would put the landunder contract, work with staff and then design and build. They have others who are investors. For the commercial portion they would bring in retailers and sell them the land. They would, however, go through the entire approval process and bear those costs. Commissioner Jacobson asked if they are aware of the neighboring landfill and the Great River Energy site. Ms. Kautz stated they are and didn't feel they would be a problem. Commissioner Trude asked if the Hartford Group would be amenable to having a local developer buy part of the property. Ms. Kautz stated yes. Commissioner Trude asked if it would be difficult to market the property because it is not at a m~or intersection. Ms. Kautz stated that it would not be because of all of the amenities that would be offered. Commissioner Trude noted that some develo,pers in the citY. felt rejected because they were not able to get their proposals in on,timi \-~e \vó'dfJ'iIicf other people to be able to submit proposals before a decision is made. Mr. Neumeister explained that everyone was r given ample time and he even extended the deadline 3 additional weeks. Commissioner Jacobson noted that proposals could be submitted up to the Thursday prior to the next /' ) EDA meeting. (tine.n1~.cl /6-.)/-03 '-J Mr. Dickinson suggested scheduling a meeting for October 21, 2003 to review the proposals and give staff direction. Motion by Jacobson, seconded by Trude to schedule a special meeting for October 21, 2003 at 6:00 p.m. Motion carried unanimously. Mr. Dickinson stated that staff will make sure that this is the only item on the agenda. ANDOVER STATION RESIDENTIAL - DEVELOPMENT ISSUES Mr. Neumeister explained that Bruggeman Homes would like to discuss the garage size issue with the EDA. It was agreed that they would try to increase the size to 400 square feet and construct storage bins in all of the garages. Staff believes this is acceptable as under the terms of a PUD, this change could be approved. Another issue is the down payment. Bruggeman would like to reduce the down payment to $100,000 from $300,000, creating a balance due of $800,000. United Properties has discounted their proceeds and that increases the amount the EDA would receive. Staff fInds this to be acceptable as the ED A would still be receiving final payment by April 15, 2004. Bruggeman has also requested that the Phase I study be updated at city cost. Staff feels this is not significant. They would like the cost of the Phase II study to be equally shared. () 0 0 () Special EDA Meeting October 7, 2003 - Minutes Page 3 A third request is to indemnify Bruggeman for a 3-year period. This is the same period of time offered to previous potential developers of the city and the City Attorney is supportive. Bruggeman has also requested that the EDA help de-list the site from the Superfund site and have the consent decree removed from the title. The City Attorney has indicated that the city is not legally capable of facilitating these actions; however, the city can provide a supportive role for Bruggeman. Commissioner Trude stated that the only item she is not in favor of is the garage size. City code for garage size has been 440 square feet for 20-23 years. Greg Schlink, Bruggeman Homes, explained that the way the site lays out, in order to get the garages wider would be to encroach on the setbacks. Commissioner Jacobson stated that he would rather lose green space than have smaller garages. Paul Bruggeman explained that their proposal is similar to what they have done in Forest Lake. They are also building these units with 360 square foot garages in Lino Lakes and Inver Grove Heights. C) Motion by Jacobson, seconded by Orttel to approve Items 2 and 3 as presented by staff. Motion carried unanimously. Motion by Jacobson, seconded by Knight that the EDA prefers 440 square foot garages and in the PUD process will consider the encroachment into the green space. Motion carried unanimously. ANDOVER STATION NORTH -APPRAISAL SUMMARY Mr. Neumeister reviewed the appraisal noting that the averages would be $4.00 per square foot for retaillcommercialland; $4.50 per square foot for smaller retail services; I I $3.00 per square foot for light industrial; $1.50 per square foot for low density : residential; $2.30 per square foot for medium density residential and $2.60 per square ! foot for high density residential. Commissioner Jacobson asked if the appraisal covers the Great River Energy parcels. Mr. Neumeister stated they are listed as sites 8 and 9. Motion by Jacobson, seconded by Knight to adjourn. Motion carried. Meeting adjourned at 6:54 p.m. Respectfully submitted, I t") '----./ /) r-) ~ ~ Special EDA Meeting (-j October 7, 2003 - Minutes / Page 4 i.LIv' (j¿¡¿ Vicki V olk City Clerk ; ; \ \ ) i '. \ , I \ ) '-/ : ; ,