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HomeMy WebLinkAboutMarch 6, 2007 CITY o F Q NDOVE 1685 CROSSTOWN BOULEVARD N,W, . ANDOVER. MINNESOTA 55304 . (763) 755-5100 FAX (763) 755-8923 . WWW.CI.ANDOVER,MN.US ECONOMIC DEVELOPMENT AUTHORITY MEETING March 6, 2007 6:00 p.m. Conference Rooms A & B AGENDA 1. Call to Order - 6:00 p.m. 2. Approval of Minutes (2/06/07 Regular Mtg.) 3. Letter ofIntent (John Larkin) 0 4. Revised Proposal and Purchase Agreement (Nassau Builders) 5. Update on Economic Development Activities 6. Other Business 7. Adjourn C) ~OJV lu'tl#e.A 3-d,6-67 0 ANDOVER ECONOMIC DEVELOPMENT AUTHORITY MEETING MARCH 6, 2007 - MINUTES A Meeting of the Andover Economic Development Authority was called to order by President Mike Gamache, March 6, 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 members Joyce Twistol Absent: Voting resident member Robert Nowak Also present: Executive Director, Jim Dickinson Community Development Director, Will Neumeister Others 0 APPROVAL OF MINUTES February 6, 2007: Correct as amended. Commissioner Trude stated on page two, fourth paragraph, the sentence should read "Commissioner T rude stated that her concern is there are quite a few vacant retail spaces buildings in the City now." On page three, second line from the bottom should read "Commissioner Trude stated that on the markiBg marketing end,. . . " MOTION by Trude, Seconded by Knight, approval of the Minutes as amended. Motion carried unanimously. LETTER OF INTENT (JOHN LARKIN) The EDA is asked to review the newest "Letter of Intent" from John Larkin. Mr. Neumeister indicated Mr. Larkin called and said he was unable to attend the meeting and his sub could not make it either. He would like to be back on the 20th of March if the EDA would agree. Mr. Neumeister reviewed some of the changes made to the plans with the EDA. 0 Commissioner Knight stated this was an exciting proposal. Commissioner Trude stated the parents are really excited what their kids do so she thought Mr. Larkin was looking to capitalize not only on what the kids do but also on the coaches. Commissioner Knight stated this is 0 Andover Economic Development Authority Meeting Minutes - March 6, 2007 Page 2 directed more at individual instruction. Mr. Neumeister stated it is geared towards motivational team support. President Gamache wondered how large the lot was across the street to accommodate a restaurant. Mr. Neumeister stated the comer lot that is remaining is about ninety by two huodred feet, which would support a fast food restaurant. Commissioner Trude stated she would like to see this come into the City. Motion by Commissioner Gamache, Seconded by Commissioner Trude, to schedule an EDA meeting for March 20, 2007 at 6:00 p.m. Motion carried uoanimously. Commissioner Trude wondered if Park Dedication will be backed out of the proposal. Mr. Neumeister indicated that was correct. REVISED PROPOSAL AND PURCHASE AGREEMENT (NASSAU BUILDERS) 0 Andy Stoner (Nassau Builders) has verbally indicated that he would like to enter into a purchase agreement for all of Lot 24, Block 1, Parkside at Andover Station. He feels that the entire site would support multiple office buildings. Mr. Neumeister reviewed the proposal with the EDA. Commissioner Jacobson stated on page three at the bottom, Exhibit A is blank. Mr. Neumeister stated that is a lot division diagram and they are getting rid of it because it is no longer needed so Exhibit A will be the drawing they saw before. They can note the drawing is Exhibit A. Mr. Neumeister stated another change is Mr. Devon Walton is still representing the buyer and they talked to the City Attorney and Mr. Walton was working with ReMax and Associates Plus at the time this was originally written and unless they get a release from ReMax, they are not going to change that. Motion by Commissioner Jacobson, Seconded by Commissioner Knight, to accept the revised proposal and purchase agreement for Nassau Builders. Motion carried uoanimously. UPDATE ON EDA ACTIVITIES 0 Community Development Director Neumeister updated the EDA on activities related to Andover Station North that the City staffhave recently been engaged in. 0 Andover Economic Development Authority Meeting Minutes - March 6, 2007 Page 3 OTHER BUSINESS . Purchase Agreement with Dynamic Sealing Technologies Mr. Neumeister reviewed the purchase agreement with the EDA. Mr. Dickinson stated this group has a light manufacturing facility. The jobs will be very livable wage jobs and they came forth to staff after they were doing their due diligence and indicating the costs were too much in comparison with other cities. They compared Andover with Blaine, Ramsey, Coon Rapids, Anoka. The group told Mr. Dickinson that the water hook up charges were higher than other cities aod Mr. Dickinson stated those were utility costs and they were not going to negotiate those. The group indicated they may have to look elsewhere. Mr. Dickinson told them the only place they would be willing to negotiate is on the cost of the property. They were able to negotiate with them on the property and the amount he is recommending to the EDA after that negotiation is .15 cents a square foot reduction. Commissioner Trude wondered what the amount would be per square foot. Mr. Dickinson stated 0 it went from $3.75 to $3.60 a square foot. He stated this included the area charges. The connection charges are going to be significant on the water, probably around $40,000 and is not a number they will negotiate. Mr. Dickinson stated at this point, he understood the group was in agreement with the reduction of .15 cents and is in review with their attorney. Their broker has agreed to most of the items and thought the buyer would agree also. Commissioner Trude stated she would rather have the price go down another nickel and have them write a separate check. Mr. Dickinson stated they do have a precedent on doing the area charge and that was a fairly small dollar amount so he did not really have a problem with that. Motion by Commissioner Jacobson, Seconded by Commissioner Trude, to approve the purchase agreement. Motion carried unanimously. Mr. Neumeister reviewed the cross access agreement with the EDA. Commissioner Knight stated if it is just panel trucks he did not see a problem. He did not want to do aoything that is detrimental to the restaurant site. Mr. Neumeister stated that is what they waoted in the agreement aod how it is worded. Commissioner Trude thought it would be nice to have some kind of outdoor employee lunch area 0 with a picnic table. 0 Andover Economic Development Authority Meeting Minutes - March 6, 2007 Page 4 . Anoka County Partners Mr. Dickinson stated with their participation in Anoka County Partners, they do have a board seat and they have a board meeting coming up shortly. He wondered who they want to have on the board. He stated he did not mind attending the meeting on behalf of the EDA. Motion by Commissioner Knight, Seconded by Commissioner Jacobson, to appoint Jim Dickinson as representative of the EDA to the Anoka County Partners Board. Motion carried unanimously. . Commissioner Knight stated there is a conflicting sign on Hanson and Round Lake Boulevard. One sign says for sale and another sign says for lease. Mr. Neumeister stated he talked to Mr. Courtney Bednarz and the plans have not changed. Mr. Dickinson stated his understanding was the property is still for sale and the group has a purchase agreement if they can get their approvals through the City Council. . Commissioner Knight wondered what was going on at Hanson Boulevard. Mr. Berkowitz indicated the closure has been postponed until March 16th and the road and 0 bridge will be closed to take the bridge down and Highway 10 will reopen on Monday, March 19, 2007. Motion by Knight, Seconded by Jacobson, to adjourn. Motion carried unanimously. The meeting adjourned at 6:55 p.m. Respectfully submitted, Susan Osbeck, Recording Secretary 0