HomeMy WebLinkAboutNovember 15, 1994
C) U
() CITY of ANDOVER
Andover Ecûnomic Development Authority Meeting
November 15, 1994
Minutes
A meeting of the Andover Economic Development Authority was
called to order by Mayor McKelvey at 8:50 P.M. at the Andover
City Hall, 1685 Crosstown Boulevard N.W., Andover, MN.
Present: Councilmembers Dalien, Knight, Perry, Jacobson
Also Present: City Administrator, Richard Fursman
Finance Director, Daryl Sulander
Others
Sale of Commercial Lot
MOTION by Knight, seconded by Jacobson that we sell Lot 2, Block
3, Andover Commercial Park to Chuck Greenwood for the
construction of a 10,000 square foot commercial building at 55
cents per square foot or $28,820.00 which would not include
connection charges. The land acquisition will be financed over a
2 year period at an interest rate at the city's cost of borrowing
r " the money and Mr. Greenwood will pay the connection charges upon
'\...J issuance of a building permit. The payments to the city will
begin on January 15, 1995 and construction of the building will
be completed by January 15, 1997. If Mr. Greenwood decides not
to build, the land would not be sold to another party but will be
sold back to the city at the same price he paid for it. The City
Attorney is directed to draw up the necessary agreement for the
sale and costs of legal are not to exceed one percent
administrative fee and be put on the cost of the property.
Motion carried unanimously.
MOTION by Perry~ seconded by Knight to close the EDA meeting.
Motion carried unanimously.
Meeting adjourned at 8:56 p.m.
Respectfully submitted,
LIß
Vicki Volk
Recording Secretary
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