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HomeMy WebLinkAboutAugust 15, 2000 0 0 (~\2JLú.L CW . I () -N-2CX}O Lù7..d::1-w ~ CITY of ANDOVER "-) Economic DevelopmentAuthority - Tuesday, August 15,2000 agenda Bookmark Call to Order - 6:30 PM Name Approval of Minutes minutes Oiscussion Items 1. Public Hearing: Consider Sale of Lot 2, Block 1, Andover Commercial Park 2. Pledge for Bonds/TIF Dist. 1-1 Other Business . . '\ U Adjournment ! () i 0 0 (!J)îA~ QL) l.JJ7 (.¡ét!r, /O__/O-¿.ðdð 0 CITY of ANDOVER ANDOVER ECONOMIC DEVELOPMENT AUTHORITY MEETING AUGUST 15,2000 - MINUTES A Meeting of the Andover Economic Development Authority was called to order by Mayor Jack McKelvey on August 15,2000,6:33 p.m., at the Andover City Hall, 1685 Crosstown Boulevard NW, Andover, Minnesota. Present: Councilmembers Don Jacobson, Julie Johnson, Ken Orttel Absent: Councilmember Mike Knight; Resident members Bill Hupp and Robert Nowak Also present: City Finance Director, Jim Dickinson Community Development Director, Dave Carlberg City Administrator, Richard Fursman Others 0 APPROVAL OF MINUTES July 27,2000, EDA Meeting; Correct as written. Motion by Jacobson, Seconded by Johnson, the meeting Minutes of July 27 as presented. Motion carried on a 4- Yes, 3-Absent (Knight, Hupp, Nowak) vote. PUBLIC HEARING: SALE OF LOT 2, BLOCK 1, ANDOVER COMMERCIAL PARK Mr. Carlberg explained the public hearing is to consider the sale of Lot 2, Block 1, Andover Commercial Park to Northwest Commercial LLC. The City Attorney has reviewed the provisions of the purchase agreement and has recommended Section 9 be added on use covenants, that the property has to be used for an office warehouse and calls for performance within time frames. The EDA also would have approval over the site plans and building elevations. Mayor McKelvey opened the public hearing; 6:35 p.m. There was no public testimony. Motion by Jacobson, Seconded by Johnson, to close the hearing. Motion carried on a 4-Yes, 3- Absent (Knight, Hupp, Nowak) vote. 6:36 p.m. Motion by Jacobson, Seconded by Johnson, that the EDA approve the sale of Lot 2, Block 1 of 0 Andover Commercial Park. The EDA finds that the sale and conveyance are in the best interest of the· City and finds the transaction furthers the general plan for the economic development for the City; and agrees to the purchase agreement. Note the purchase agreement just handed out at the meeting tonight, not as handed out in our packets. Motion carried on a 4- Yes, 3-Absent (Knight, Hupp, Nowak) vote. (--) C) \ Regular Economic Development Authority Meeting , ,J Minutes - August 15, 2000 Page 2 PLEDGE FOR BONDS/TIF DISTRICT 1-1 Mr. Dickinson requested the EDA agree to enter into a pledge agreement with the City for tax increment in the amount to support the debt payments of the $2,445,000 Taxable G.O. Tax Increment Bonds. Motion by Orttel, Seconded by Johnson, to so move. Motion carried on a 4- Yes, 3-Absent (Knight, Hupp, Nowak) vote. OTHER BUSINESS Update on Anoka Auto property - Mr. Carlberg stated the cars are being crushed and are leaving the site, though he wasn't sure the process will be completed by October. Negotiations with Great River Energy - Mr. Carlberg stated he just received the information on the costs for moving the substation and acquiring the house and property on the northwest corner of '\ Bunker Lake and Hanson Boulevards. It involves quite a bit of money, and he will bring that '- ) information back to the EDA at the next meeting. Mr. Fursman suggested the way to develop that property would be to structure the increment of a prospective development with the payments to purchase the property. Mr. Dickinson stated the increment from the sale made this evening at the Andover Commercial Park has not been included in the financial calculations. He anticipated that business will generate $17,000 to $18,000 a year in additional increment. Progress in developing Andover Station - Mr. Carlberg stated the marketing information is being gathered, and Mr. Malrooney has been in contact with banks and grocery stories. Apparently the interest is high. Restaurants have said the residential and business component is not sufficient in the area to support them. He anticipated an update at the next EDA meeting. Redevelopment of Crosstown/Bunker Lake Boulevard area - Mr. Carlberg stated he met with the representatives of Leonard Parker and Associates to talk about the road access from the proposed development onto Crosstown Boulevard. They have found there is a DNR protected wetland on the east side of Crosstown Boulevard, so they will be meeting with the DNR and the watershed district to see if there is a potential crossing of that wetland. It makes it even more critical that the architectural designs of the Harris property on the west side of that development be reviewed by Leonard Parker and Associates. Another issue with the Harris proposal is the density, as the discussion has been to have lower density where it abuts the existing residential area. The Harris proposal is 8 units on one acre, which is quite high density. He will provide an update of the issue at the EDA's next meeting \ \. ) Ribbon cutting ceremony for Andover Station - Mr. Fursman didn't know when the appropriate time would be for a ribbon cutting ceremony, but it is being discussed. Councilmember Orttel suggested the EDA resident members be invited. Mr. Carlberg noted there may be an ability to coordinate the ~-) / '\ ì,_) Regular Economic Development Authority Meeting I Minutes - August 15, 2000 Page 3 (Other Business, Continued) ribbon cutting with the opening ceremony of the banquet hall and office warehouses that are being developed. Staff is continuing to work on the item. Andover Business Association - Because more and more businesses are opening in town, Mr. Fursman suggested asking the City Councilor EDA about developing an Andover Business Association. It wouldn't function as a Chamber, but it gives the community a chance to talk to the businesses and provide a forum for them. It is also nice to recognize the businesses in the community once a year. The EDA generally felt it was a good suggestion and that Mr. Fursman should pursue it further. Motion by Jacobson, Seconded by Orttel, to adjourn. Motion carried on a 4- Yes, 3-Absent (Knight, Hupp, Nowak) vote. The meeting adjourned at 6:48 p.m. , ) Respectfully submitted, / ~~~L Recording Secretary \ '- )