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HomeMy WebLinkAboutJuly 17, 2007 ~~ \,Iv'll ~ 9' -y"", ~ 0 1685 CROSSTOWN BOULEVARD N.W, . ANDOVER. MINNESOTA 55304. (763) 755-5100 FAX (763) 755-8923 . WWW,CLANDOVER,MN.US ECONOMIC DEVELOPMENT AUTHORITY MEETING July 17, 2007 6:00 p.m. Conference Rooms A & B AGENDA 1. Call to Order - 6:00 p.m. 2. Approval of Minutes (6/19/07 Regular Mtg.) 3. Purchase Agreement Progress Reports 0 4. Review Letter of Intent (Darren Brenk-Tasty Pizza) 5. Update on Economic Development Activities 6. Other Business 7. Adjourn 0 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 JULY 17,2007 - MINUTES A Meeting of the Andover Economic Development Authority was called to order by President Mike Gamache, July 17, 2007, 6:00 p.m., at the Andover City Hall, 1685 Crosstown Boulevard NW, Andover, Minnesota. Present: Commissioners Don Jacobson, Mike Knight, Ken Orttel, Julie Trude; and Voting resident member Joyce Twistol Absent: Voting resident member Robert Nowak Also present: Executive Director, Jim Dickinson Community Development Director, Will Neumeister City Engineer, Dave Berkowitz Others 0 APPROVAL OF MINUTES June 19, 2007 MOTION by Trude, Seconded by Knight, approval of the Minutes as written. Motion carried nnanimously. PURCHASE AGREEMENT PROGRESS REPORT Mr. Neumeister stated the purchase agreement for Dynamic Sealing Technologies has been signed. Closing date will be September 30, 2007. Kent Meister made a presentation regarding the exterior of the Dynamic Sealing building. Mr. Neumeister stated the plan has met staffrequirements. Staffwill work with Dynamic regarding color scheme and breaking up the long wall spans. Mr. Neumeister explained John Larkin (MVP Baseball Academy) would like the EDA to grant a one-month time extension on his closing date. 0 MOTION by Knight, Seconded by Jacobson, approval to extend closing date to September 1, 2007 with John Larkin. Motion carried unanimously. REVIEW LETTER OF INTENT (DARREN BRENK-TASTY PIZZA) 0 Andover Economic Development Authority Meeting Minutes - July 17, 2007 Page 2 Mr. Neumeister explained the letter of intent from Darren Brenk and his partners to purchase Lot 4, Block 3, Andover Station North to build a restaurant. Staff indicated that in order to accept the letter of intent, the EDA will need to rescind the purchase agreement submitted to the Sportsman's Grill. Discussion regarding the process of rescinding the purchase agreement. MOTIONby Trude, Seconded by Jacobson, to rescind the previous purchase agreement submitted to Sportsman's Grill. Motion carried ummimously. Mr. Neumeister explained the price of the land. Darren Brenk from Tasty Pizza gave a presentation. The design of the building has changed to a one level restaurant. There will be a full bar and the current menu will remain the same. There will be an outdoor patio area. They would like room for expansion. Since the restaurant is 0 geared toward families they will not be asking for a 2:00 a.m. closing. There is ten months left on the current lease. Mr. Neumeister stated the City Attorney would have the purchase agreement ready in about two weeks. MOTIONby Trude, Seconded by Jacobson, authorizing stafIto prepare purchase agreement in accord with the terms of the letter of intent dated July 9, 2007. Such purchase agreement must be signed within 60 days of the effective date. The offered purchase agreement will be effective upon receipt of the EDA rescission of a previously offered purchase agreement on the same parcel. Motion carried unanimously. MOTION by Trude, Seconded by Knight, authorizing stafIto prepare a letter of rescission to Sportsman's Grill. Motion carried unanimously. UPDATE ON ECONOMIC DEVELOPMENT ACTIVITIES Mr. Neumeister gave updates on the following: Bruggeman Homes-They are interested in relocating the tot lot park to an undeveloped parcel in their development. They believe it would be a plus for their market. 0 Office Development-There may be more interest if the property was office pads and they could be sold off one at a time. MVP Baseball (John Larkin)-An issue came up regarding a cross easement on the property. The easement is in the agreement however cost was not discussed. 0 Andover Economic Development Authority Meeting Minutes - July 17, 2007 Page 3 Mr. Neumeister discussed a proposal that was brought to staff regarding Eddy's Auto Body. The proposal is a gas station and car wash to replace Eddy's Auto Body. The frontage road would have to be reconstructed. Motion by Jacobson, Seconded by Orttel, to adjourn. Motion carried unanimously. The meeting adjourned at 6:59 p.m. Respectfully submitted, !~~(jJ,fi~ Michelle Hartner, Recording Secretary 0 C