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Home My WebLink AboutEDA November 10, 1998 ~J ~ -,---,I CITY of ANDOVER Economic Development Authority Meeting - Tuesday, November 10, 1998 Call to Order - 7:00 PM Discussion Items 1, Discuss Proposal/Purchase Remaining Acreagel Andover Station! Asset Realty Advisors 2, Discuss ProposaUPurchase of Eight Acres for Rainbow Foods/Asset Realty Advisors 3, Discuss Veterinary Hospital Proposal/Anoka Area Veterinary Association 4, Review and Discuss Prospect List/Andover Station 5, Discuss and Establish Land Sale Price/Andover Station 6, Discuss TIF Budget/Project StatuslAndover Station 7, Other Business 8, Adjournment \ ) CITY OF ANDOVER REQUEST FOR ECONOMIC DEVELOPMENT AUTHORITY ACTION DATE November 10. 1998 AGENDA ITEM 1. Discuss Proposal to Purchase Remaining Acreage Andover Station Asset Realty Advisors ORIGINATING DEPARTMENT Community Development David L. Carlberg Community Development Director The Economic Development Authority is requested by Asset Realty Advisors to consider the purchase of the remaining acreage of the "Andover Station" commercial park. Attached is the proposal for EDA review and consideration, Representatives from Asset " Realty Advisors will be presenting their proposal at the meeting, / \ J October 28, 1998 RECEIVED Mr, David L. Carlberg Community Development Director City of Andover 1685 Crosstown Boulevard NW Andover, !'vli'I 55403 OCT 2 s i998 CITY OF ANDOVER Re: Andover Station Dear Mr. Carlberg: ) We respectfully request that the City of Andover favorably consider our proposal, as hereinafter set forth, to purchase and re-develop approximately 76 acres of property remaining for development (the "Property") in the re-development tract commonly known as Andover Station (the "Total Development Tract"). We understand that another developer owns or otherwise has site control of approximately 14 acres within the Total Development Tract. Our proposal is based upon our understanding that the City is perfonning the following work at its cost: 1. Demolition and removal to grade of any existing buildings, structures, and non- natural obstructions within the Total Development Tract, including the removal of debris resulting therefrom, and the remediation of contaminated soil. 2, The filling, rough grading, and leveling of the land (exclusive of landscaping) necessary to make it ready for construction of improvements, 3, Construction of all public streets and roadways within the Total Development Tract, including curbs and gutters. 4, All contaminated soil will be removed and disposed of in compliance with applicable state and federal environmental laws and regulations. \ j ASSET REALTY AOVISORS Asset Realty Advisors, Inc_ . '101 Second Avenue South, Suite 550, Minneapolis, MN 55401 . 612_252.2020. 612.252.2030 f"" ":. , ) Mr, David L. Carlberg October 28, 1998 Page Two 5. Installation and/or relocation of sanitary and storm sewers, drains, water and gas distribution lines, electric and telephone lines within the Total Development Tract and stubbed to the building sites.. 6. Completion of any rezoning as may be necessary within the Total Development Tract, with respect to uses contemplated in the redevelopment plan, and facilitate the dedication of new streets and other public rights-of-way within the Total Development Tract as necessary to carry out the redevelopment plan. Based upon the foregoing, Asset Realty Advisors or an affiliate entity to be formed expressly for the execution of the subject development (the "Developer"), would provide the following development services subject, however, to the general direction and control of the City with respect to use selection and architectural design/concepts: I. Preparation of a master site plan for the Property, acceptable to the Andover Review Committee, setting forth the proper relationship of office, commercial, retail, and residential (if any), parcels in accordance with the use and design concepts acceptable to the City, including road networks and utility systems. 2. Arrange for and supervise the engineering and architectural work necessary to execute the master site plan, 3, Purchase the Property from the City on a phased basis in accordance with a development schedule to be mutually agreed upon between the City and Developer, for a purchase price of $ per square foot. 4. With respect to each parcel conveyed to the Developer pursuant to the above referenced development schedule, the Developer will arrange for the construction of the improvements representing the pre-approved permitted uses thereon in accordance with the master site plan. 5. Negotiate, coordinate and supervise the sale or lease of the building sites to end users in accordance with the permitted uses, 6. Arrange for the preparation, drafting, execution and recording of any and all private access and interior roadway easements, cross parking easements, and covenants with respect to the maintenance thereof and the maintenance of \, ~ ) Mr. David Carlberg October 28, 1998 Page Three landscaping throughout the Total Development Tract, as deemed necessary and appropriate to carry out the redevelopment plan. 7. Maintain a continuous dialogue with the Andover Review Committee throughout the entire development process. If the foregoing is acceptable to the City, we would be happy to prepare a first draft of a Development Agreement for your review and consideration. Sincerely, O"p M.Ne~~ Vice President lOr. JMN:sp / \, " ) " , / CITY OF ANDOVER REQUEST FOR ECONOMIC DEVELOPMENT AUTHORITY ACTION DATE November 10. 1998 AGENDA ITEM 2. Discuss Proposal to Purchase Eight Acres for a Rainbow Supermarket Asset Realty Advisors ORIGINA TING DEPARTMENT Community Development David L. Carlberg Community Development Director The Economic Development Authority is requested by Asset Realty Advisors to consider the purchase of eight acres on the west end of the "Andover Station" commercial park to develop a Rainbow Supermarket. Attached is the proposal for EDA review and consideration. Representatives from Asset Realty Advisors will be presenting their proposal at the meeting. '. / October 21, 1998 RECEIVED OCT 2 ~ iSSa Mr. David L. Carlberg Community Development Director City of Andover 1685 Crosstown Boulevard NW Andover, MN 55403 CITY OF ANDOVER Re: Bunker Hills Commercial Development I Community Park Dear Mr. Carlberg: This letter confirms our interest in purchasing approximately an eight acre parcel of property in the northwest comer of the development tract presently referred to as Bunker Hills Commercial Development I Community Park. l As we have indicated to you, our client, Fleming Companies, Inc., is interested in this location for a Rainbow Supermarket. Accordingly, our intention would be to build-out that facility, together with an attached strip center of approximately 14,400 square feet for complimentary retail and service uses on the subject parcel. We would also reserve several pad sites for future development of retail/service uses acceptable to the City, and consistent with the overall development concept for the Park. Enclosed for your information and use, is a preliminary site plan with respect to our intended use. We would appreciate your assistance in directing this proposal to the EDA for consideration. If our proposed use is acceptable, we will thereupon submit an immediate purchase offer. Sincerely, ~~~ Vice President JMN:sp ASSET REALTY ADVISORS Asset Realty Advisors, Inc. . f01 Second Avenue South, Suite 550. Minneapolis. MN 55401 . 612.252.2020' 612.252.2030 f... OCT-1S-199S 20:03 FROM AMCON , :/ ~ I.: -j) ~ ~,,_. ... --__ .....i , ) __I r 1 J ~) G~ I ;;j I ~ I i 1'1 " I ~ ~~ I I --\ , I I r " ff r---"->------ IP'IIPI~ flllll.: l! t I;; ,. . · · J . ... ... ~ n I TO 2522030 P.02 J -- r ,I i I I I 1 i J 1 I , --1---_____ _1_../ r I I \--.... r--. , i '" f.; ~ ~ I , I L..__ ._ .....I{! II III <i. I I I ' , I . ~, I I Q I NEW FACI.Il'EB f'OAl ~ ~lr I~ I 1 t;al =~~2:'ODS \ , -' OCT-1S-199S 20:02 FROM AMCON ;1 ~ I ~fJ '. ) I __.J , 1 J \ \. / TO ''----. , , I I "___ _ -1.. _. .. F::aA' (,. I'f Z4'z,.- Zo-k> Fax" _.._----:7:~,..... o_':-::-r_~. _:~o:~"':_;"'-"- _ ""'1 I _0._._. 1ff111"1~ pilip: ~ . III . ~ ~ J I .. I ! ~ I - I I .. .:. IIUi d. I I I~ ~tJH.:ljl~""'€~~~DS I , , ! Jrnl 2522030 P.01 r.'J'!'.<::/L ~Mc..a--l B'?o- 1'2-/7 ._~----_.- r I: i I I i " ~ ~ ~ i I 1 ~ IF ~!!~ ~ II !!U ........- CITY OF ANDOVER REQUEST FOR ECONOMIC DEVELOPMENT AUTHORITY ACTION DATE November 10. 1998 AGENDA ITEM 3. Discuss Veterinary Hospital Proposal Andover Station Anoka Area Veterinary Associates ORIGINATING DEPARTMENT Community Development David L. Carlberg Community Development Director The Economic Development Authority is requested by the Anoka Area Veterinary Associates to consider the purchase and development of a Veterinary Hospital in the "Andover Station" commercial park. , ,I Attached is the proposal for EDA review and consideration. Representatives from the Anoka Area Veterinary Associates will be present at the meeting to discuss the scope of their proposal. 'SMALL ANIMAL PRACTICE QUALITY. . .BECAUSE WE CARE! BY APPOINTMENT \ ) ANOKA AREA VETERINARY ASSOCIATES, PA Dr. A.L. BEAR, D.V.M, Dr. M.J. COOK, D.V.M. Dr. D.O. HARTMAN. D.V.M. Dr. L.C. HOTALING, D.V.M. Dr. D.O. PRICE. D.V.M. ANDOVER PET CLINIC 13849 ROUND LAKE BLVD, R E eEl V E D ANDOVER, ~~7~~g~~ ANOKA WEST PET HOSPITAL 7245 HIGHWAY 10 NW ANOKA. MN 55303 427 -2220 Michael J. Cook, D. V,M Chief Financial Officer August 6, 1998 AUG 1 01998 CITY OF ANDOVER Dayid L. Carlberg Community Development Director City of Andover 1685 Cro~stown Blvd. N.W. Andover, MN 55304 Dear Dave, The Anoka Area Veterinary Associates. P.A. is a profcssion::! association that has been operating a small animal vt:lerinary practic<: in the And:a area sit:ce 1975, Tile practice ;;urrently has its main hospital.. locatior. in the community of R.:unscy, Mi:1nesota. We also ha~-e a satellite clinic located ill the Downto\\'n Center ill Andover, Minr.esota. ) J The pra(;tice i~ 110W !o(\~jng fer a ;ite to ':onstruct a new sma!! allin~Ll ve;"rinary medical and~urgical . _ . facility. This new facility will s:rve as a cem;;;1 "Flagship" ho~pitJ! t".:lr an e:-;pand:ng ring of .1Ut patient clinics in the 1lol1hem metropolitl'n ~egioll. The facility is currently undergoing the Jlredesign pha~e with a !'.ationaliy recognized architcctur::l firm from Bo!der. Colorado. Although we havc not received any of the preliminary sketches, \\\~ know the hospital will r;;:quire or.e to one and a half acre of land and be. . approximately sb. thousand square feet in size. In l!ciilitiOl', we are looking imo th-: pos~ibi!ity {If a second- phase of construction requiring anoLh.er two to L'1ree t.'lousand square feet. The addition will likely house complementary services such as :I JY.:t salon, pet hotel and a pet daycare center. Although there will be no eXlenor boarmng, we WIll require atl ~1erior ccurtyara or'sollle l}pe 10 accommodate pet exelcise. We would like to build in your Andover Commercial Park and "ill $oon be ready to negotiate for acquisition of a rommerciallot. We hope to close on a comUiotlcial site by early !pis fall so that we may begin construction sometime next spring. We hope that your commu.,ity will welcome a fadlity such as the one we pian to build and look forward to futu~e commun:cmion with you. ThaI!k you lar your dme. Sincerely, Michael j, C('!tlk D.V,M. '. , CITY OF ANDOVER REQUEST FOR ECONOMIC DEVELOPMENT AUTHORITY ACTION DATE November 10. 1998 AGENDA ITEM 4. Review and Discuss Prospect List Andover Station ORIGINATING DEPARTMENT Community Development David L. Carlberg Community Development Director The Economic Development Authority is requested to review and discuss the prospect list for the "Andover Station" commercial park. Since the list has been compiled over the last year, staff is currently contacting those businesses to verify their interest in developing in the park. Therefore, staff will be presenting this list at the meeting. 1 ) , , ~ , 1 CITY OF ANDOVER REQUEST FOR ECONOMIC DEVELOPMENT AUTHORITY ACTION DATE November 10, 1998 AGENDA ITEM 5. Discuss and Establish Land Sale Price Andover Station ORIGINATING DEPARTMENT Community Development David L. Carlberg Community Development Director The Economic Development Authority is requested to discuss and establish a per square foot land sale price for the Andover Station. Staff has been contacting area appraisers and real estate brokers to determine the market value of this area. Attached is a listing of commercial site comparables for the "Anoka Area" as prepared by Wayne L. Johnson, Wayne L. Johnson & Associates dated September 18,1998 for EDA review and discussion. Staff is continuing to research this item and will present any additional findings or information at the meeting. I JAN-20-1900 00:30 P.02 CO:MMERClAL SITE CO:MPS - ANOKA AREA \ ) SepteaU)er18,1998 Property Location ~ SaJelOfTerinv Price Per Sa. Ft. Remarks 1. NWC Bunker Lake Blvd. 60,000 S.F. For Sale $3.95 All uti!. at site &. Crosstown Drive $237,000 Non-sig comer Andover, MN' 2. NE Quad. of Bunker Lk. .48,000 S.F. SOLD $3.65 CWLC Blvd. & Hanson Blvd. $175,000 East of SA Andover, MN 3. 14100 Highway 47 50,500 S.F. SOLD $4.82 CWLC Ramsey, MN $243,400 Assess. assumed by Buyer 4. Co. Rd. 116 & 54,000 S.F. For Sale $6.50 West of comer Round Lk. Blvd. (West of SA) $350,000 N. side of Bunker \ Andover, MN / 5. NEC Main St. & Hanson 126,000 S.F. For Sale $5.00 Sig. comer Coon Rapids, MN" $630,000 Large site 6. 3351 Round Lake Blvd. 42,000 S,F. SOLD $5.12 Assess. assumed Andover, MN $215,000 by Buyer 7. 7th Ave. N. &. 38th St. 22,000 S.F. SOLD $7.27 Casey's COllY Store Anoka, MN $160,000 Sig. comer 8. Bank Site 68,000 S.F. SOLD $6.10 1996 Sale Hwy. 47 & 142nd Ave. $415,000 non~sig. comer Rmnsey, MN 9. Hwy. 47 & Industry Ave. 58,800 S.F. For Sale $5.53 RIRO only (North of SA) 5325,000 from Hwy. 47 - '48000 S.F. of buildable ground net ofweda.nds area.. . , - . Prepared by Wayne L. Joln:rson, CCIM September 18, 1998 \ TOTAL P.02 \ / I / '. CITY OF ANDOVER REQUEST FOR ECONOMIC DEVELOPMENT AUTHORITY ACTION DATE November 10. 1998 AGENDA ITEM 6. Discuss TIF Budget! Project Status Andover Station ORIGINA TING DEPARTMENT Community Development David L. Carlberg Community Development Director Staff will be presenting to the EDA an update on the status of the TIF budget. Staffwill also be reporting on the financial needs to continue and complete the redevelopment project of the "Andover Station".