HomeMy WebLinkAboutDecember 5, 2006
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1685 CROSSTOWN BOULEVARD N.W. . ANDOVER, MINNESOTA 55304. (763) 755-5100
FAX (763) 755-8923. WWW.CI.ANDOVER.MN.US
ECONOMIC DEVELOPMENT AUTHORITY
MEETING
December 5, 2006
6:00 p.m.
Conference Rooms A & B
AGENDA
1. Call to Order - 6:00 p.m.
2. Approval of Minutes (11/21/06 Regular Mtg.)
3. Update on Economic Development Activities
0 4. Approve Community Center Refinancing
5. Other Business
6. Adjourn
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ANDOVER ECONOMIC DEVELOPMENT AUTHORITY MEETING
DECEMBER 5, 2006 - MINUTES
A Regular Meeting of the Andover Economic Development Authority was called to order
by President Gamache at 6:00 p.m., Tuesday, December 5, 2006 at the Andover City
Hall, 1685 Crosstown Boulevard NW, Andover, Minnesota.
Commissioners Present:
Don Jacobson, Mike Knight, Ken Orttel, Julie Trude, Bob
Nowak, Joyce Twistol
None
Jim Dickinson, Executive Director
Dave Berkowitz, City Engineer
Will Neumeister, Community Development Director
Commissioners Absent:
Also Present:
A letter from the Andover Station Owners Association will be added as Item 5.
APPROVAL OF MINUTES
November 21, 2006
Motion by Trude, seconded by Knight to approve the minutes of November 21, 2006 as
written. Motion carried on a 6-yes, I-abstain (Twistol) vote.
UPDATE ON ECONOMIC DEVELOPMENT ACTIVITIES
Mr. Neumeister noted that the dance studio in Mr. Rudnicki's building will be opening in
a few weeks; Bruggeman will be closing on their fIrst unit on December 12,2006 and on
the Povlitzki parcel on December 15,2006; the funeral home developer is working on a
site plan; the day care owner has not responded to any messages from staffbut is
scheduled to close in March 2007; NBI Office Development is working on a site plan; the
Town Center Companies are working with two potential banks (their 6-month period that
the EDA gave them will expire on January 19,2006); MVP Baseball is working on their
plan preparation; there is nothing new to report on a restaurant; we have had some calls
regarding the light industrial.
Commissioner Knight expressed concern that we are going to have a lot of vacant
buildings. Commissioner Trude felt that we should keep a parcel open for a fast food
restaurant as well as trying to attract a sit-down restaurant.
Andover Economic Development Authority Meeting
December 5, 2006 - Minutes
Page 2
APPROVE COMMUNITY CENTER REFINANCING
Mr. Dickinson explained that the second bond sale was concluded by 9:50 a.m.,
December 5, 2006 and yielded a saving of$5l7,163.49. In January with the equipment
notes that we have to sell we're looking at refmancing the bonds on the water treatment
plan.
Motion by Jacobson, seconded by Trude to adopt the resolution authorizing the issuance
of $6,865,000 public facility lease revenue refunding bonds, series 2007. (Resolution
R004-06)
Motion carried unanimously.
DISCUSS LETTER FROM ANDOVER STATION OWNERS ASSOCIATION
Mr. Neumeister noted that a letter has been received from the Andover Station Owners
Association stating they do not want to partner in the upgrading of the landscaping in the
median on Bunker Lake Boulevard. One of the options for redoing the landscaping is to
use crushed granite with a limited number of shrubs. The cost of doing this would be
$45,000. Commissioner Trude stated that this reflects on our city and asked if it's a TIP
qualified expense. Mr. Dickinson stated it is.
Mr. Neumeister stated staff would talk to the county about what they will allow, get an
estimate and come back to the EDA.
ornER BUSINESS
Mr. Dickinson explained that there is an item on the City Council agenda to schedule an
EDA meeting for December 19th but he will recommend that it not be scheduled as there
is nothing to discuss.
It was noted that Edward Schultz, the advisor to the EDA, has not participated in any
EDA matters for several years. At the first meeting in January the EDA will consider
whether he needs to continue to receive packets and be considered as the advisor to the
EDA.
Motion by Trude, seconded by Jacobson to adjourn. Motion carried. Meeting adjourned
at 6:32 p.m.
Respectfully submitted,
Vicki V olk, City Clerk