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HomeMy WebLinkAboutJune 25, 2002 ,- \ U ~j GtU1\QJLhLtd -l( z.5/r/2- \ CITY OF ANDOVER \.._J 1685 CROSSTOWN BOULEVARD N,W.. ANDOVER, MINNESOTA 55304. (763) 755-5100 FAX (763)755-8923 . WWW.CI.ANDOVER.MN.US Andover Economic Development Authority Meeting Tuesday, June 25,2002 FireStation #1 13875 Crosstown BlvdNW 1. Call to Order - 6:30 p.m. 2. Approval of Minutes (6/12/02) 3. Andover Station:-Residential Development Presentation/Commercial Development Presentation , 4. Request for Public Use of ED A Property - Clerk \ 5. Debris Removal South ofWDE Site - Engineering \.. ) 6. Bunker Lake Redevelopment Project Area Options - Planning 7. Other Business 8. Adjournment ,\, ',,-) ü 0 Ü CITY of ANDOVER ECONOMIC DEVELOPMENT AUTHORITY MEETING-JUNE 25,2002 MINUTES A meeting of the Andover Economic Development Authority was called to order by President Mike Gamache at 6:30 pm, Tuesday, June 25,2002 at Andover Fire Station #1, 13875 Crosstown Boulevard NW,Andover, Minnesota. Commissioners Present: Ken Orttel, Mike Knight, Julie Trude, Don Jacobson, resident member Robert Nowak Commissioners' Absent: Voting member Terri Hokanson, Non-voting members Fred Larsen III, Edward Schultz Also Present: John Erar, Executive Director Will Neumeister, Community Development Director Others Approval of Minutes - June 12, 2002 - "- ~J Motion byOrttel, seconded by Jacobson to approve the minutes of June 12,2002 as written. Motion carried unanimously. Andover Station-Residential Development Presentation/Commercial Development Presentation The following developers presented their plans for the property previously being considered by Hans HagenHomes. BOZ Construction - Mike Jechorek and Brad Dunham, Edina Realty èxplained that they have purchased Hans Hagens' plans that previously had been presented to the EDA. These include the grading plan, soils plan, utility plan and landscape plan. They would be interested in building that same project. Mr. Erar noted that the city has disclosed all of the history of the site to the developers who are present. Ryland Construction - Chris Enger explained that they are one ofthe 5 or 6 largest home builders in the country. The townhome project they are proposing is similar to one currently being built in Shakopee. The units have tuck-under garages in the rear, can be built in 4,5,6,7 or 8 unit buildings, with the end units being 24 feet wide and the center 8 _ units being 22 feet wide. The end units have 1900 square feet plus 400 square feet in the lower level in addition to the garage. They are priced in the low $200,000's. They sell Ü r,\ l..J (~) Economic Development Authority Meeting June 25, 2002 - Minutes Page 2 usually to first-time home buyers, dual income families and active adults. He noted that they have signed a letter of intent with United Properties. JMS Homes - Jeff Schoenwetter noted that recently they have done projects in Mendota Heights, St. Michael, Minnetonka and Edina. They do custom one-of-a-kind homes and are the originators ofthe Health House Concept in association with the American Lung Association. Their company's mission is driven by credibility and their responsibility is to maximize and secure the best value. The base price of their proposed homes is $230,000 to $240,000 with an association fee of $125 and $260 per month. The homes range fÌ'om 1550 square feet to 3600 square feet and options include porches and 3-car garages. The density would be 6 to 7 homes per acre. They would all be in the Arts and Crafts style. Due to another commitment Ryan Companies presented their proposal for the WDE site. Ryan Companies - Tom Palmquist stated that they would like to purchase 18.4 acres of the WDE site for a commercial development with the possibility of purchasing an additional 4.7 acres. The major tenant is a nationally known retailer and the first phase CJ would be 178,000 square feet of retail with 21,500 square feet in the second phase. He explained that their approach to the market is to work with their customers to find out where they want to buy and then Ryan goes out to find the property. They will build the store and the customer will own it. Mr. Erar stated that ifthis is the type of development the EDA wants, staff will negotiate with Ryan Companies on a purchase agreement. Schuett Real Estate Group - Tom Schuett stated that their approach is not the cookie cutter type ofproject. They have developed projects in Brooklyn Park and Plymouth. Their concept for Andover would be 72 townhomes in the $180,000 - $200,000 price range. Pricing will vary depending upon customer chosen upgrades. Mr. Erar explained that it is now up to United Properties to make a deal with one of the four developers for the development that would best fit Andover. Keith Ulstad, United Properties, stated that this is an opportunity for the city to decide what they want the whole area to look like. He represented to the existing tenants that there would be people living behind the grocery store. All four ofthe groups are financially qualified to build and finish the project. COY'l\ y"\".'\ !:.5 \Of'\ e< QJY\e'.xd.t.d ¡ I z SllO.... -Cmmcilmember Knight asked JMS the price range of their units. Mr. Schoenwetter stated their concept can't be built below $225,000 and that would be slab on grade .:.J lJ C) 0 Economic Development Authority Meeting June 25,2002 -Minutes Page 3 without basements. Their market research indicates they could sell 5.4 homes per month in Andover. What they are proposing would be very successful in this community. ... .' LÞ"'" ",,,\ \ "> ~ \ c.) Y\-.:...V (~Trude left the meeting at 8:35 pm) Council thanked the developers for their presentations and discussed the four proposals. After considerable discussion, Council decided that BOZ would be the best developer. They were the only developer who talked to Hans Hagen about the property. Motioll by Gamache, seconded by Orttel to authorize United Properties to meet with BOZ Construction to recommend they stay with the Hans Hagen Development plan as previously approved and direct Mr. Erar to meet with BOZ Construction. Commercial DevelopmelltIWDE Site ?( c s í c\ -crk.. MAy01 Gamache stated that he would like to see Ryan Companies come in but he wants to see a real road going through the property. Mr. Erar noted that Ryan is the only developer who has come forward expressing an interest in the property. If the EDA is U interested in working with Ryan, staffwill have Ryan bring back concept drawings. Motioll by Orttel, seconded by Jacobson to authorize the EDA to pursue negotiations with Ryan Companies and obtain a letter of intent. Discussion: Mr. Neumeister felt that we need to stay firm on the design standards for this <!:,-",v:vv.. \ ::>r \ <>"..,~..-- . . property. .Geuneilirièñïöè'i Orttel suggested we request Ryan CompanIes to provIde a sketch on what they would do with the rest of the property. Motion carried unanimously. Request for Public Use of EDA Property Staff explained that the Anoka Rotary Club has requested they be allowed to sell raffle tickets on EDA property behind 1 st Regions Bank during the Fun Fest. Motioll by Knight, seconded by Orttel to allow the request of the Anoka Rotary Club for June 28th and 29th at a cost of$1.00 per day. Motion carried unanimously. Debris Removal South of WDE Site Motioll by Jacobson, seconded by Orttel to authorize removal of the debris at a cost not to exceed $7,400.00. Motion carried unanimously. 0 () (~, ,--"I ~.J /..--......\ Economic Development Authority Meeting i June 25, 2002 - Minutes Page 4 Bunker Lake Redevelopment Project Area Options Mr. Neumeister reviewed his memo to the EDA regarding three options available to them for the redevelopment ofthe Bunker Lake Boulevard area. The options include strengthening the rental licensing requirements and inspection ofthe rental units, setting up a new Tax Increment District to do site acquisition, relocation, demolition and resale of the property, or consider a mixed-use development. Mr. Erar noted that there was a presentation at the League of Minnesota Cities Conference regarding a program where the EDA would own the land in perpetuity and there would be restrictions where the owner could not sell the home for more than a certain percentage of the increase in the value. He also suggested that the EDA might want to consider using the TIP funds from Andover Station to redevelop this area. c.~Iy\m\ S.SI"~ì"€..V 6öt:meHmcmber Orttel felt that a buffer could be put along Bunker Lake Boulevard and asked what the cost to plant pine trees would be. Mr. Neumeister stated that staff would look at how the city can upgrade the standards for - '\ the type of housing that is in place. They will also put together an estimate of \. j landscaping costs and investigate a revolving loan fund. Other Business C 0.,,">\ Y'Y' ( ~s., 0 ,-, -<:-..- 'eounetlmember Jacobson asked how the roof on Tanner's Steakhouse is looking. Mr. Erar noted that they are trying to find something to disguise the roof units. Motion by Orttel, seconded by Knight to adjourn. Motion carried unanimously. Meeting adjourned at 9:50 pm. Respectfully submitted, fLt.; ().L£ Vicki Volk City Clerk "\ \ ; --'