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HomeMy WebLinkAboutEDA December 2, 1997 r. CITY of ANDOVER EDA Meeting - Tuesday, December 2, 1997 Call to Order - 6:00 PM Discussion Items 1. Review and Discuss Master Plan! Andover Commercial and Industrial Park 2. Consider Hiring Patchin & Associates, Inc./ Appraising Land that has been Contaminated 3. Relocation Agreement Expense/Charles Mistelske 4. Purchase Rick Heidelberger Property Non-Discussion Items 5. Approve 1998 EDA Budget Other Business Adjournment CITY OF ANDOVER REQUEST FOR ECONOMIC DEVELOPMENT AUTHORITY ACTION / DATE: December 2. 1997 AGENDA SECTION ORIGINATING DEPARTMENT Discussion Item - EDA Meeting Community Development Dave Carlberg ITEM NO. Review and Discuss Master Plan/Andover Commercial and Industrial Park The material for item # 1 will be presented by Leonard Parker and Associates at the EDA meeting. / ) .' CITY OF ANDOVER REQUEST FOR ECONOMIC DEVELOPMENT AUTHORITY ACTION DATE: December 2. 1997 AGENDA SECTION ORIGINATING DEPARTMENT Discussion Item - EDA Meeting Administration Richard Fursman ITEM NO. Consider Hiring Patchin & Associates, Inc.l Appraising Land that has been Contaminated REQUEST: The Economic Development Authority (EDA) is requested to consider contracting with Jason L. Messner, MAl of Patchin & Associates. Mr. Messner is considered an expert in appraising contaminated sites. His expertise could be used in the Mistelske condemnation to help determine the "real" value of the real estate in question. The cost to be taken from the EDA budget, is estimated to be between $6,000 and $8,000. It should be noted the City is presently conducting soil tests on the site and will have lab work completed sometime soon. If the tests come back negative, the City may reconsider using this type of expert in appraising contaminated sites. 11/18/97 10:00 LAW OFFICES 2140 4TH AVE ~ 755 8923 NO. 466 (;103 I Peter 1. Patchin & Associates, Inc. Valuation Consultants 10] West Bumsville Parkway, Suite 200, Burnsville, Minnesota 55337 (612) 895-1205 FAX (612) 895-1521 ~ October 29, 1997 City of Andover do: William G. Hawkins And Associates 2140 Fourth Avenue North Anoka, MN 55303 ATTN: Mr. William G. Hawkins Andover City Anomey RE: Valuation Consulting and Appraisal Services Peter J. Patchin & Associates, Inc. 101 W. Burnsville Parkway, Ste. 200 Burnsvill~, Minnesota 55337 To whom it may concern; This letter is intended to be a memorandum of understanding concerning tile engagement of Peter 1. Patchin & Associates, Inc. for purpose of rendering valuation consultation and/or appraisal reports. It is understood by both parties that the nature of the assignment is as follows: Type of Propenyl location: Charles Mistelske Property 13576 Jay Street NW Andover, Minnesota Function of Appraisal! Consultation: Estimate the current fee simple market value of the property, both as unimpaired and as Impaired by environmental contamination. The function would be to provide valuation guidance for possible condemnation proceedings. Data Needed to Perform Value Analysis: legal description, sUlVey, ownership history, environmental assessments of the property and .South Andover. Superfund site. Type of Services to be Provided: Prepare a complete appraisal in a self-<:ontained report in compliance with the Unjform Standards of Professional Appraisal Practice (USPAP). 11/18/.97 10:00 LRW OFFICES 2140 4TH RVE 7 755 8923 ND.466 (;104 ) Estimated Cost of Services Rendered: Due to the unknown environmental condition of the subject property, the approximate cost of the appraisal would be $6,000 to $8,000, based on professional fees of: Jason Messner Associate Appraiser $' DO.OOlHour $80.001H0ur Delivery Date: Time after delivery of appraisal report; including pre-trial preparation, meetings, testimony, etc. - will stridly be performed on a time basis at hourly rates of $125.00 per hour. We will furnish three copies of the appraisal within 6 to 8 weeks following return of authorization to proceed and requested data. We can only complete the appraisal by this date if we receive the requested data in a timely manner. Total amount due within 30 days following date of invoice, 1-1/2% per month interest charges will be added to accounts not paid by that time. Terms: \ ) Retainer Fee - to be paid in advance: Date of Proposal: None October 29, 1997 Respectfully submitted, PETER J. PATCHIN & ASSOCIATES, INC. ~,~~rQ Jason l. Messner, MAl J L.M :prj Federal Tax I.D. #41-1798326 Authorization To Proceed Client Name: Individual ResponSible: Signature: Date Accepted: Patchin & A..oaateo, :bot. VolustDn COlIsulanlS \ CITY OF ANDOVER REQUEST FOR ECONOMIC DEVELOPMENT AUTHORITY ACTION DATE: December 2. 1997 AGENDA SECTION ORIGINATING DEPARTMENT Discussion Item - EDA Meeting Administration Richard Fursman ITEM NO. Relocation Agreement Expense/Charles Mistelske REQUEST: The Economic Development Authority (EDA) is requested to consider terms of payment of relocation expenses and clearing of property for Mr. Mistelske. Attached is an agreement which sets forth the terms of the payment of relocation expenses and the \ clearing of his property. ) The agreement requires the clearing of property and the payment of money be done in installments. Staff recommends the west four acres be completed first, the middle four acres be completed next, and the easterly two acres, with buildings, be the final stage. The estimated moving expenses have been estimated at $558,700. 11/19/97 09:09 LAW OFFICES 2140 4TH AVE ~ 755 8923 NO. 480 ~03 uo CONWORTH. INC P02 I , I, Charles Mistelske, owner of Commercial Auto, 13576 Jay street NW, Andover, "1nne$o~~, agree to a~cept $558,700.00 as paynent for ~he selt-~ove or my pe~~onal proper~y trom th~s parcel. The payment Qf the above-referenced sum shall be as follows: Upon execution of this agree.ent, the City of Andover ayrees to p~y CU4Re~lQl Aytu the ~qm or $l~O,OOO.oo. 6y no later ~nan December 19, 199'l, or such earlier ~ate by which commercial Auto Shall have cleared the parcel of all per~onal property, the city uf Andover Qgree~ tu pay ~ additional ~UM QC $.50,000,00, 8y no la~er than January 10, ~998r or Gueh earlier da~e by whiCh comaerciol ^~to aha!l have clearea the parcel of all personal property, the C1ty of Andover agrees to pay an additional sum of $~~O,ggo.OO. oy no later thun Teuruary 20, 1998, ur ~u~h earlier date by whi~h commercial ^Q~O shall have cleared the en~1re ~ite ot 811 personal proper~y, the City ot Andover agrees ~o pay a rinal sum at $108,700.00. Dated November , 1997 Commercial Auto 8y tto President/Owner SChnitker and Associates By Its William G. Hawkins and Associates By Its Andover Econo.lc Development Authority By It~ I CITY OF ANDOVER REQUEST FOR ECONOMIC DEVELOPMENT AUTHORITY ACTION DATE: December 2. 1997 AGENDA SECTION ORIGINATING DEPARTMENT Discussion Item - EDA Meeting Administration Richard Fursman ITEM NO. Purchase Rick Heidelberger Backl!round: The Economic Development Authority (EDA) is requested to consider the purchase of the property along Bunker Lake boulevard known as the Rick Heidelberger property. The attorney representing Mr. Heidelberger has indicated a willingness to sell to the City without condemnation. " Initial offers of$180,000 and $170,000 have been rejected. A new offer of$150,000 is now on the table and appears to be worth consideration. The City appraisal on the property is $80,000. The Heidelberger appraisal is $125,000. The commissioners assigned in condemnation proceedings generally take a middle ground. A likely settlement would be $100,000. The moving expenses are estimated to be $44,000 including temporary storage. The likely total therefore, would be $144,000 for the purchase. Considering the legal costs involved with the condemnation, the purchase of the site for $150,000 is prudent relative to the legal proceeding alternative. NOTE: Any purchase agreement should be contingent on a clean report/rom the soils testing now being conducted. .I 11/25/97 15:48 LRW OFFICES 2140 4TH RVE 7 755 8923 NO. 553 GJ03 PURCHASE AGREEMENT THIS PURCHASE AGREEMENT (the - Agree~nt.) is made and effective B:S of . 1997. by and between Richard Heidelberger ("Seller") and the Andover Economic Development Authority, a body corporate and politic I"Buyer-). RECITALS: WHEREAS. the Buyer is desirous of purchasing property owned by the Seller within the Andover Tax Increment Financing District No. 1-1 for the purpose of redevelopment; and WHEREAS. the Seller has agreed to sell certain property that he owns within said financing District. NOW, THEREFORE, in consideration of the amount of One ($1.00) Dollar paid by Buyer to Seller, the receipt and sufficiency of which is hereby acknoWledgear and in consideration of the foregoing Recitals, the mutual promises of the parties hereto and the mutual benefits to be gained by the performance hereof, Seller and Buyer agree as follows: 1. Sale. Subject to the! tCH'ms, conditions. COVQnants and provisions of this Agreementr Seller agrees to sell to Buyerr and Buyer agrees to purchase from Seller, the real property located in Anoka County, Minnesota, legally described as: See Exhibit A attached hereto and made a part hereof (hereinafter referred to as the "Property"). 2. Purcbase Price. In consideration of the transfer of the Property to Buyer described in Paragraph 1, Buyer shan pay the sum of One Hundred and Fifty Thousand and nol1oo ($150,000.00) Dollars. Said amount shall be paid as follows; ;' ) / -1. 11/25/97 15:48 LRW OFFICES 2140 4TH RVE ~ 755 8923 NO. 553 [;104 I (al Five Hundred and nol1oo 1$500.001 Dollars earnest money; (b) Ninety-nine Thousand Five Hundred and no/100 ($99r500.00) Dollars on or before the Datu of Closing. Ie) Twenty-fIVe Thousand and no/100 1$25rOOO.OOI when all of the personal property stored on the outside of the premises has been removed to the reasonable satisfaction of the Buyer. (dl Twenty-five Thousand and 00/100 ($25.000.001 when all remainina personal proaertV located on the property has been removed to the reasonable satisfaction of the Buyer. (e) For the purposes Of this Agreement, personal property is defined as household goodsr clothes, furnirur9r appliaf'lCQs, tools. lawn and garden items. vehicles, tractors. trailers, cars, snowmobiles, one shed, one playhouse, one garage and all similar items as were contemplated to be a part Of the relocation move as bid by Mohawk Moving and Storage. In additiOn to the personal property, Seller may, at his option, remove various fixtures from the house located on the property, including, but not limited to cabinets. plumbing fixtures. furnace, water heater. fighting fIXtures, draperies and carpet 3. Marketable TItle. Subject to the full performance by Buyer, Seller agrees to execute and deliver or cause to be delivered a Warranty Deed and any other documents necessary to fulfill the terms of this Agreement. The Warranty Deed shall convey marketable title to the Propertyr subje<:t to the following exceptions: (a) laws, ordinances and State and Federal regulations; lb) Restrictions relating to use or improvement of premises without effective forfeiture provision; and (e) Reservation of any minerals or mineral rights to the State of Minnesota. 4, Real Estate Taxes and Soecial Assessments. Buver shall pay all real estate taxe:s and installments of special assessments due in the year 1998 and prior years. 5. Purchase Price Allocation. l11e purchase price of the property :thall be allocated as follows: (a) House, Buildings and land $100,000.00 / -2. 11/25/97 15:48 LAW OFFICES 2140 4TH AVE ~ 755 8923 NO. 553 [;105 (bl Relocation Benefrts $ 50.000.00 This purchase agreement Is being made In settlement of the eminent domain 5ction commenced by the Buyer to ecquire the property from the Seller. 6. Ii1!e.. i (al Commitment or Abstract. Seller shall, within it reaSQnable period of time after approval of this Agreement. furnish Buyer with one of the following, at Seller's sole discretion: (i) a Commitment for the issuance of an AL T A owner's policy of title insurance issued by a title insurance company licensed to do business in the State of Minnesota ("Title Company"l in the full amount of the Purchase Price (the "Commltment-); IIiI an Abstract of Title; Dr (iii) a Registered Property Abstract. (b) Examination of Title: Obiection: Seiter's Election. Buyer shall be allowed twenty (20) days after receipt thereof for examination of said title and the making of any objections thereto, said objections to be made in writing or deemed to be waived. If any obje(;tions are so made, Seller shall have ten (10) business days following receipt of Buyer's title objections to either elect to: iiI proceed to make the title marketable or (ii) terminate this Agreement. Seller shall notify Buyer of its election in writing prior to the expiration of such ten-day period. In the event Seller elects to terminate this Agreement, Buyer shall execute and deliver to Seller 8 quit claim deed for the Property in favor of Seller in exchange for return of its earnest money within ten (10) days after receiving the termination notice. Thereafter, the parties shall have no funher obligations under this Purchase Agreement. Icl Tille NoLMade Marketable. If said title is not marketable and is not made so within one hundred twenty (120) days from the date of written objections thereto as above provided, Buyer, at its option, may: (i) Declare this Agreement null and void, in Which event: (al Seller shall promptly thereafter refund to Buyer the Earnest MoneYi (b) Buyer shall execute and deliver to Seller a quit claim deed for the Property in favor of Seller within ten (101 days from the expiration of the one hundred twenty (120) day period; and (c) Buyer shall have no further remedies or causes of action against Seller; or (ii) Waive the objection to marketability of title and proceed to closing. (dl Title Made or Found Marketable. If the title to the Property is found to be marketable or is so made within said one hundred twenty (1201 day period, and Buyer shall default in any of the agreements and continue in default for a period of ten (1 0) days. then and in that case the Seller may, at its option, terminate this Agreement and on such termination all the payments made upon this contract shall be retained by said Seller, as liquidated damages, or enforce any of Seller's remedies as described in this Agreement, time being of the essence hereof. / -3- 11/25/97 15:48 LAW OFFICES 2140 4TH AVE ~ 755 8923 NO. 553 /;105 7. Continaencies. This Purchase Agreement is contingent upon the following; (a) Acceptance of this Purchase Agreement by the Andover Economic Development Authority; In the event the above contingency has not been satisfied on the Date of Closing, this Agreement shall be voidable at the option of the Buyer. a. Default. (a) Default bv Seller. In the event that Seller should fail to consummate the transactions contemplatod herein for any reason, excQpt for a dQbult by Buyer, Buyer may: Ii) Terminate this Agreementr in which event the earnest money shall forthwith be returned to Buyer; or (ii) Enforce the specific performance of this Agreement and, in such action, shall have the right to recover damages suffered by Buyer by reason of the delay in the acquisition of the propeny provided that such action is commenced within six (6) months of the date of thiS Agreement; or / (iin Bring suit for damages for breach of this Agreement. No delay or omission in the exerciSe of any right or remedy accruing to Buyer upon any breach by Seller under this Agreement shall impair such right or remedy or be construed as a waiver of any such breach theretofore or thereafter occurring. The waiver by Buyer of any condition or of any subsequent breach of the same or any other termr covenant, or condition herein comained shall not be deemed to be a waiver 01 any ottler condition or of any subsequent breach of the same or any other term, covenant, or condition herein contained. All rights, powers. options or remedies afforded to Buyer either hereunder or by law shall be cumulative and not alternative, and the exercise of one right, power, option or remedy shall not bar other rightsr powers, options or remedies allowed herein or by law. (b) Default bv Buver. In the event that Buyer should fail to consummate the transactions contemplated herein for any reason, except for a default by Seller, Seller may: IiI Enforce the :>pel;ific performance of this Agreement and, in such action, shall hSVQ tho right to recowr damages suffered bV Seller by reason of the delay in the sale of the Property; or (ii) Bring suit for damages for breach of this Agreement; or -4- 11/25/97 15:48 LAW OFFICES 2140 4TH AVE ~ 755 8923 NO. 553 GJ07 " (iii) Cancel this Purchase Agreement and retain the earnest money. No delay or omission in the exercise of any right or remedy accruing to Seller upon any breach by Buyer under this Agreement shall impair such right or remedy or be construed as a waiver of any such breach theretofore or tMn~after occurring. The waiver by Seller of any condition or of any subsequent breach of the s same or any other term, covenant, or condition herein contained shall not be deemed to be a waiver of any other condition or of any subsequent breach of the same or eny other term, covenant, or condition herein contained, All rights. powers, options or remedies afforded to Seller either hereunder or by law shall be cumulative and not alternativer and the exercise of one right, power, option or remedy shall not bar other rights, powers, options or remedies allowed herein or by law. 9. MiscQllaneom;. (a) Notice: Deli\I~. Any notice given under this Agreement shall be deemed given on the date the same Is hand delivered to the following lIddresses or i8 deposited in the United States mailr registered or certified, postage prepaid, addressed as follows: To Seller: Richard Heidelberger 2052 Bunker Lake Boulevard Andover, MN 55304 Andover Economic Development Authority 1685 Crosstown Blvd Andover, MN 55304 / To Buyer: All documents to be delivered shall bo delivered to thG above addressQs. (b) Interpretation. All previous negotiations and understandings between the parties or their respective agents and employees, with respect to the transactions set forth herein are merged In this Agreement which alone fully and completely expresses the partiO$' rights, duties and obligations: and this Agreement constitutes the entire understanding between the parties. thiS Agreement may be amended or modified only in writing signed by both parties. All conditions precedent to Seller's performance hereunder and all options In favor of Seller hereunder to terminate this Agreement are for the sole benefit of Seller andr as such, may be unilaterally waived by SollGr. (c) Headin9s. The headings in this Agreement are insened for convenience only and shall not constitute a pan hereof. (d) AssijR~mf3nt. Neither party may assign its rights and interest in this Agreement without the prior written consent of the other party. (e) TImQ. time shall be of the essence hereof. J -5- 11/25/97 15:48 LAW OFFICES 2140 4TH AVE ~ 755 8923 NO. 553 [;108 ) (f) Govemina LaW. This Agreement and all documents executed in connection herewith or pursuant to the terms hereof shall be governed by and construed In accordance with the provisions of the laws of the StcJte of Minnesota. (gl Counteroarts. This Agreement and any amendments to this Agreement may be executed in counterparts, each of which shall be fully enective and all of which together shall constitute one and the same instrument. (hI Third P=ilrtv Benefielarv. There ere no third pany benefICiaries of this Agreement, intended or otherwise. Ii) No Joint Venture. Seller, by entering Imo this Agreement and consummating the transactions contemplated hereby, shall not be considered a partner or joint venturer of Buyer. iii Severability. In esse anyone or more of the proviSiOns contained in this Agreement shall for any reason be held to De Invalid. megal or unenforceable In any respect, such invalid ity r illegality, or uncnforceability shall not affect any other provision hereof. and this Agreement shall be construed as if such invalid, illegal. Dr unenforceable provision had never been contained herein. / (k) Attorney's Fees. If SeDer or Buyer commence an action against the other party arising out of or in connection with this Agreement, or for the declaration of rights hQrcmnder, then as between Buyer and Seller, the prevailing party shall be entitled to recover its reasonable attorneys' fees from the other party, and such fees shall be Included in the judgment. 10. Closina. The closing on the sale of the conveyance of the Property from Seller to Buyer shall take place on December 15. 1997 or such other time as the parties may agree. 11. Flace of Closina. The closing 5hall be held at the offices of William G. Hawkins, 2140 Fourth Avenue North, Anoka, Minnesota. 12. Relocation Benefits. In consideration of the payment of relocation benefi1S described in paragraph 2. Sellers waive any and all rights they may have for relocation benefits under the Uniform Relocation Assistance and Real Property Acquisition Act of 1970, Minnesota Statute 5 117 or any othor similar laws which may grant to Sellers such rights for reimbursement of relocation costs from the Buyer. It is agreed that the compensation set out herein for the purchase of such property J ~6- 11/25/97 16:48 LAW OFFICES 2140 4TH AVE ~ 755 8923 NO. 553 [;109 ) includes any and all relocation benefits Sellers may be entitled to receive. 13. Condition of PropertY. With the exception of Seller's obligation to removo personal property as set forth in paragraphs 2 and 13, Buyer accepts the property as is. 14. OccuD~ncy bv Seller. Seller shall have the right to occupy the home on the premises until February 28, 1998 as a tenant at will. Seller shall be responsible for any and all costs associated with such occupancy including utllltlesr maintenance and repairs. Seller agrees to vacate the premises and remove all pMsonal property therefrom on or before February 28, 1998. IN WITNESS WHEREOF. the parties hereto have set their respective h;;mds as of the effective date first written above. SELLER: Richard Heidelberger / BUYER: ANDOVER ECONOMIC DEVELOPMI:NT AUTHORITY By J. E. McKelvey. Presidem By Richard F. Fursman Executive Director / -7- 11/25/97 16:48 LRW OFFICES 2140 4TH RVE ~ 755 8923 NO. 553 [;110 ) EXHIBIT A That Part of the Northeast Quarter of the Southwest Quarter, Section 34, Township 32, Range 24, Anoka County, Minnesota, described as follows: Commencing at the Northwest corner of said Northeast Quarter of the SOuthwest Quarter; thence Easterly along the North line of said Southwest Ouarter on an assumed bearing of South 89 degrees 04 minutes 36 seconds East a distance of 764.93 feet to the actual point of beginning 01 the land to be described; thence South 09 degrees 03 minutes 28 seconds East a distance of 167,02 feet; thence Nortn 89 degrees 04 minutes 36 seconds West a distilnce of 118.16 feet; thence North 41 degrees 30 minute~ 50 seconds West a distance of 208.62 feet; thence North 0 degrees 07 minutes 06 seconds East B distance of 10.52 feet to the North line of said Northeast Quarter of the Southwest Quarter; themee South 89 degrees 04 minute:; 36 seconds East a distance of 230.13 feet along said North line to the point of beginning. 11/25/97 15:48 LAW OFFICES 2140 4TH AVE ~ 755 8923 NO. 553 [;)11 , J EXHIBIT A That Part of the Northeast Quarter of the Southwest Quarter. Section 34. Township 32, Range 24. Anoka County, Minnesota. described as follows: Commencing at the Northwest corner of said Northeast Quarter of the Southwest Quarter~ thence Easterly along the North line of said Southwest Quarter on an assumed bearing of South 89 degrees 04 minutes 36 seconds East a distance of 764.93 feet to the actual point of beginning of the land to be described; thence South 09 degrees 03 minutes 28 seconds East a dIStance of 167.02 feet; thence North 89 degrees 04 minutes 36 seconds West a distance of 1'8.'6 feet; thence Nonn 41 degrees 30 minutes 50 seconds West a distance of 208.62 feet; thence North 0 degrees 07 minutes 06 seconds East a distance of 10.52 feet to the North line of said Northeast Quaner of the Southwest Quarter; thence South 89 degrees 04 minutes 36 seconds East 8 distance of 230.13 feet along said North line to the point of beginning. -8- CITY OF ANDOVER " Economic Development Authority REQUEST FOR COUNCIL ACTION DATE December 2.1997 AGENDA SECTION Non-discussion ORIGINATING DEPARTMENT Finance ~~~ Jean D. McGann "-'\ lITEM NO. Approve 1998 EDA Budget REOUEST: The Andover Economic Development Authority is requested to approve the 1998 Economic Development Authority Fund Budget and the resolution that follows. BACKGROUND: , Jach year the Andover Economic Development Authority is requested to approve the Economic Development Authority Fund Budget. Projected revenues have increased for 1998 due to additional tax increment administrative anticipated. Administrative fees are based Tax Increment Tax Revenue received. An Economic Development Authority is allowed to receive up to 10% of total tax increment tax revenue received based on the time spent working on issues for the tax increment district. For budget year 1998 allocated wages to the EDA have increased due to the time spent on the Commercial Revitalization project. All other expenditures have remained relatively stable. \ / ECONOMIC DEVELOPMENT AUTHORITY IN AND FOR THE CITY OF ANDOVER COUNTY OF ANOKA STATE OF MINNESOTA RES. NO. R- 97 RESOLUTION ADOPTING THE 1998 ECONOMIC DEVELOPMENT FUND BUDGET. WHEREAS, the preparation and adoption of operating budgets is recognized a sound financial practice; and WHEREAS, the Board of Commissioners has the responsibility to appropriately and efficiently manage the funds of the Authority; NOW, THEREFORE, BE IT RESOLVED that the Board of Commissioners of the Andover Economic Development Authority hereby establishes the 1998 Economic Development budget as submitted in the amount of$111,560. / Adopted by the Andover Economic Development Authority Board of Commissioners on this 2nd day of December, 1997. 1. E. McKelvey, President ATTEST: Michael Knight, Secretary / J CITY OF ANDOVER, MINNESOTA 1998 ANNUAL BUDGET ; I ... .. :...:.................:-,...:....-.;.:.....:........,................-...;.:.........'..,..................-........ . ..-..... ..~ ." ,..............- .................. .. ",". .. ........ '.' . .. . - .-...... '. .' '. - ........ ",- -" ',',", '-'- -.,... -.. -.- - .......... 1~.IDlmll .. '. .... ...... '. ............ . .......... .......... .... .... I .......'..................................... --............ ..... -..-..................-............... .-....................... -...................... ........................................................................................................................................................................................................................................................................................................................................... To provide for the quality development of commercial and industrial properties to ensure a strong, viable and diversified tax base. To promote development and redevelopment of commercial and industrial areas within the City and to maintain diversified uses in a diversified tax district. '\ ) CITY OF ANDOVER EMPLOYEES 1998 BUDGET 11/24/979:07 AMEDAXLS 1997 BUDGET 1997 1998 BUDGET 1998 CLASSIFICATIONS # OF EMPLOYEES WAGES # OF EMPLOYEES WAGES Personal Services Administrator 0.400 $ 26,369 0.500 $ 35,536 . Exec. Secretary 0.180 4,611 0.230 6,618 Finance Director 0.050 2,882 0.150 9,278 , I- , Community Dev. Director 0.437 23,447 0.480 27,704 Accountant I 0.050 1,328 0.100 3,065 Total 1.117 $ 58,637 1.460 $ 82,200 - - , CITY OF ANDOVER 11/17/9710:40 AMECONDEV.XLS Revenue/Expenditure Budget Worksheet Budget Year 1998 \ " ECONOMIC DEVELOPMENT AUTHORITY SPECIAL REVENUE I Revenues Revenue Actual Actual Actual Budget Budget Code 1994 1995 1996 1997 1998 31050 Current Tax Increments $ - $ - $ 4,000.00 $ - $ - .. "'''';-'L_ .$ ""$ .... ." ....\$"'.a.lifln.nn ... $ '-:;".:ji ': .... ... ., .,. ... - .. -. .... ..' "' ..,.,. .... I 34101 Rental Fees $ - $ - $ - $ - $ - "'J,,' .'.(..L:.' "' '. $..,...... > .... $ ....c. _......~... ......" ...J$'.,.;.."...:ji.'...>..~~:c . ..,.......u .. .0 .... . I 36240 TIF Admin. Fee I $ - $ 35,400.00 $ 78,200.00 $ 78,200 $ 82,000 I 36210 Interest Earned I 938.39 330.28 1,500.00 1,500 1,000 36255 Sale of Land I 53,040.90 10,000.00 - I 2,974 28,560 39201 Transfers from Other .' '..1$ 2,000.00 - - I - - ...'. .,. Subtotal' 55,979.29 $45,730.28 $ 79,700.00 ....'.. $ '.'82';1574 $'O'T111;56(f ',-i._'"" 'I .-'_',,;.. .~~,.., ;,.,.""'",..,"'~'L...^.'..^ '.',<" I .. T .....T ~^~ ,.~ r -""'.- ""''''"''K'^'''''''_ ^.^ 'n";_~m --^' I :~~1tQl'A ~,'l<3 I I Expenditures I I I Object I Actual Actual Actual Budget Budget Code 1994 1995 1996 1997 1998 Personal Services 101 Salaries $ - $ 48,159.61 $ 53,460.00 $ 58,637 $ 82,200 121 PERA - 2,096.60 2,566.00 2.627 4,258 122 FICA - 2,879.23 3,315.00 3,636 5,096 125 Medicare - 673.35 775.00 850 1,192 131 Health Insurance ! - 2,776.28 3,454.00 3,890 5,648 132 Dental Insurance I - - - 262 359 ! 133 Life Insurance I - 17.38 11.00 112 146 . C'C $'" ... $ 56,602.45 $ 63;581.00 .... . ...~ ^ "70~(jf4' $ 98,900 - $ ....... j . Supplies and Materials I 201 General Office Supplies I $ - i $ 1.292.14 $ 4,000.00 $ 2,000 $ 2,000 .. . I 1,292.14$ ..... .. ."2,000$ Subtotal $ - $ 4,000.00..' $ 2,000 I I I I I 1 ,I " CITY OF ANDOVER 11/17/9710:40 AMECONDEV.XLS Revenue/Expenditure Budget Worksheet Budget Year 1998 Object I Code I Purchased Services . 301 304 322 330 351 352 360 Actual 1994 Actual 1995 Professional Services $ Attorney Postage Transportation Publishing Rate Programming Insurance Siibtotal ."" ,"""' $ .. ... .. .". -. "' ". ,.. _... --. "r Other Services and CharQes 3,827.90 $ 3,126.45 157.50 $ 34.00 980.00 - 165.00 6,954.35.... $ 1,336.50 $ 416 Computer Services $ - $ - $ 433 Dues/Registrations 195.00 - 499 Contingency - 6,000.00 Subtotal ,$ ...... 195.00 $ 6.000.00....$ I I .. .,,-'" Eauity Transfers 727 J Actual 1996 Budget 1997 Budget 1998 3.000 2.100 500 1.600 2.000 190 9,390 170 1.000 100 1;270 Transfer to Other Funds $ - $ - $ - $ _ $ _ .... . '...-.. '$ '-" $ .. ,.".". $ . ,..,..'.. ....~' $ . .. . '- .. ," .. ,.., .... , " ... 3.000.00 $ 2,100.00 250.00 1.500.00 2.000.00 5.000.00 165.00 14.015.00 $ 3,000 $ 2,100 500 1.600 2.000 190 .. 9,390 $ I I ~L~ _ ~~~ ~I - ./ . - $ 1.000.00 1,104.00 2.104.00 .$ 170 $ 1,000 I 100..1. 1,270'$ ".