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HomeMy WebLinkAboutDecember 4, 2007 0 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 4, 2007 6:00 p.m. Conference Rooms A & B AGENDA 1. Call to Order - 6:00 p.m. 2. Approval of Minutes (11120/07Regular Mtg.) 3. Update on Economic Development Activities 0 4. Approve Revised Promissory Note 5. Discuss Redevelopment Opportunities - Verbal 6. Other Business 7. Adjourn 0 1685 CROSSTOWN BOULEVARD N.W. . ANDOVER, MINNESOTA 55304. (763) 755-5100 FAX (763) 755-8923 . WWW,CI.ANDOVER,MN,US ANDOVER ECONOMIC DEVELOPMENT AUTHORITY MEETING DECEMBER 4, 2007 - MINUTES A Meeting of the Andover Economic Development Authority was called to order by Vice President Julie Trude, December 4,2007,6:02 p.m., at the Andover City Hall, 1685 Crosstown Boulevard NW, Andover, Minnesota. Present: President Mike Gamache (arrived at 6:09 p.m.) Commissioners Don Jacobson, Mike Knight, and Voting resident member Robert Nowak Absent: Commissioner Ken Orttel and Voting resident member Joyce Twistol Also present: Executive Director, Jim Dickinson Community Development Director Will Neumeister City Engineer Dave Berkowitz Others APPROVAL OF MINUTES November 20, 2007 Regular Meeting: Correct as written. Motion by Jacobson, Seconded by Knight, approval of the Minutes as written. Motion carried unanimously. UPDATE ON ECONOMIC DEVELOPMENT ACTIVITIES Mr. Neumeister gave updates on the following: Rudnicki's Retail Building - No interest in expanding the retail building at this time. Office/Day Care Site - Mr. Nagwani has not contacted staff since the last meeting. Funeral Home - Exterior brick has been completed. MVP Baseball (John Larkin) - Mr. Neumeister introduced Mr. Larkin. Mr. Larkin explained he has an investor who would buy the property, construct the building then lease the building to Mr. Larkin. Mr. Larkin is requesting the purchase agreement be assigned from Mr. Larkin to the new investor. Mr. Dickinson stated all terms on the purchase agreement would remain the same; the only thing Andover Economic Development Authority Meeting Minutes - December 4, 2007 Page 2 changing would be the name. Motion by Jacobson, Seconded by Trude, to approve the assignment of the purchase agreement from MVP Sports Academy to the new investor contingent on presentation to the Executive Director of the lease between MVP and investor. Motion carried unanimously. Dynamic Sealing Technologies - A commercial site plan has been submitted and construction will begin in the spring. Tasty Pizza - Mr. Brenk will continue to look at other locations. APPROVE REVISED PROMISSORY NOTE Motion by Jacobson, Seconded by Knight, to approve the revised promissory note requiring the interest payment from Bruggeman Homes. Motion carried unanimously. DISCUSS REDEVELOPMENT OPPORTUNITIES Mr. Dickinson stated there is nothing new to report. OTHER BUSINESS Commissioner Jacobson stated at the elected officials meeting the county presented their legislative proposal for the upcoming session. In the proposal the county wants the authority to approve all plats that enter or exit on county roads. Commissioner Jacobson does not agree with this proposal and believes the EDA should send a letter to the county stating so. Mr. Dickinson stated having both EDA and City Council send a letter wouldn't hurt. President Gamache suggested looking at the League of Minnesota Cities and AMM to see where this bill stands. Also looking at other cities for support. Mr. Dickinson will research and report at the next meeting. Motion by Jacobson, Seconded by Knight, to adjourn. Motion carried unanimously. The meeting adjourned at 6:34 p.m. ! Resp:c~lly s~bmitt~'J "--~' 11' . Lu.c:;itl) h10\.. 1 ~le ):tirttner, Re ording Secretary