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HomeMy WebLinkAboutEDA March 18, 2008 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 March 18, 2008 6:00 p,m. Conference Rooms A & B 1. Call to Order - 6:00 p.m. 2. Approval of Minutes (3/4/08 Regular Mtg,) 3. Architectural Review (Foundation Hill Daycare) 4. Letter of Intent (Dry Cleaner) 0 5. Update Andover Station Associations Requests 6. Andover Station Design Guidelines Ameridment 7. Economic Development Updates 8. Other Business 0 @ C I T Y o F NDOVE 0 1685 CROSSTOWN BOULEVARD N.W. . ANDOVER, MINNESOTA 55304 . (763) 755-5100 FAX (763) 755-8923. WWW.CI.ANDOVER.MN.US TO: Economic Development Authority ~ CC: Jim Dickinson, Executive Director FROM: Vicki V olk, City Clerk SUBJECT: Approval of Minutes DATE: March 18,2008 INTRODUCTION The following minutes were provided by staff for approval by the EDA: March 4, 2008 Regular Meeting (Trude absent) 0 March 4, 2008 Closed Meeting (Trude absent) DISCUSSION Attached are copies ofthe minutes for your review. ACTION REOUIRED The EDA is requested to approve the above minutes. Respectfully submitted, 4' (),.LV Vicki V olk City Clerk 0 o~ 3 4 5 6 ANDOVER ECONOMIC DEVELOPMENT AUTHORITY MEETING 7 MARCH 4, 2008 - MINUTES 8 9 10 A Meeting of the Andover Economic Development Authority was called to order by President Mike 11 Gamache, March 4,2008,6:02 p.m., at the Andover City Hall, 1685 Crosstown Boulevard NW, 12 Andover, Minnesota. 13 14 Present: Coinmissioners Don Jacobson, Mike Knight, Ken Orttel, Voting 15 resident members Joyce Twistol and Robert Nowak 16 Absent: Commissioner Julie Trude 17 Also present: Executive Director, Jim Dickinson 18 Community Development Director, Will Neumeister 19 City Engineer Dave Berkowitz 20 Others 21 22 O;~ APPRO V AL OF MINUTES 25 February 19,2008 Regular Meeting: Correct as written 26 27 MOTION by Jacobson, Seconded by Orttel, approval of the Minutes as written. Motion carried 28 unanimously. (Trude-absent) 29 30 31 ARCHITECTURAL REVIEW (MBG HOLDINGS, INC.) 32 33 Mr. Neumeister stated MBG Holdings, Inc. is presenting an architectural design with lighting 34 around the entire building and additional stonework that was requested by the EDA at the last 35 meeting. 36 37 Mr. Stoner presented an architectural design ofthe restaurant with color schemes. Mr. Stoner 38 stated the roofline would be raised to cover rooftop equipment. There will also be solar panels 39 on the roof and the restaurant will use a geo-thermal heating and cooling system. 40 41 The restaurant name was discussed. MBG is considering other names. 42 43 The EDA approved the architectural design and site plan of the restaurant. O~ 46 47 48 0 Andover Economic Development Authority Meeting Minutes - March 4, 2008 Page 2 1 LETTER OF INTENT REVIEW (BLUE FIN POOL & SPA) 2 3 Mr. Neumeister stated Blue Fin Pool and Spa has submitted a Letter of Intent. They are 4 interested in building an extension onto the shopping center owned by Louis Rudnicki. The 5 proposed building would be 6,600- foot print with the option of expanding up in the future. They 6 are offering $6.50 per square foot with a 3% representation fee to Merit Custom Homes. 7 8 Commissioner Jacobson asked how the $6.50 compares to other land that is for sale, Mr. 9 Dickinson stated $6.50 is an appropriate dollar amount. 10 11 MOTION by Jacobson, Seconded by Orttel, to direct staffto prepare a purchase agreement based 12 on the terms that have been discussed between EDA and Blue Fin Pool & Spa. Motion carried 13 unanimously, (Trude-absent) 14 15 16 CONSIDER ALLOWING TEMPORARY GREENHOUSE 17 18 Mr. Neumeister stated Linder's would like to put a temporary greenhouse in the parking lot of 019 Festival Foods in Andover Station. The current Andover Station guidelines do not allow 20 temporary structures, The EDA is either going to have to call this a sales event and broaden the 21 allowable time frame, get a variance or amend the guidelines. 22 23 Commissioner Knight stated having staff make changes to the Andover Station guidelines and 24 bring back to the EDA at the next meeting. 25 26 Mr. Neumeister stated the guidelines would be changed and brought back to the next meeting 27 March 19,2008. 28 29 30 TIME EXTENSION REQUEST (MVP BASEBALL ACADEMY, INC.) 31 32 Mr. Larkin stated he's continuing to work on financing and is requesting a 30-day extension on 33 the purchase agreement. 34 35 Motion by Knight, Seconded by Orttel, to extend the purchase agreement 30 days. Motion 36 carried 5 ayes and 1 nay (Jacobson) vote. (Trude-absent) 37 38 39 ECONOMIC DEVELOPMENT UPDATES 40 0:; Mr. Neumeister gave updates on the following: 43 Funeral Home - They should be opening next month. 44 0 Andover Economic Development Authority Meeting Minutes - March 4, 2008 Page 3 1 Day Care Site - Griffen Business Holdings would be bringing an architectural rendering to the 2 next EDA meeting. 3 4 Office Development - The agreement expired on February 29,2008. Staff would not support 5 extending the agreement with Northstar Partners. The EDA agreed. 6 7 The EDA recessed at 6:41 p.m. to go into a closed session. 8 9 The EDA reconvened at 6:55 p.m. from the closed session. 10 11 OTHER BUSINESS 12 13 Mr. Dickinson stated staff has been working on a redevelopment of the Kottke area. At this time 14 that project is no longer moving forward. 15 16 17 Motion by Jacobson, Seconded by Orttel, to adjourn. Motion carried unanimously. The meeting 18 adjourned at 7:00 p,m. 019 20 Respectfully submitted, 21 22 23 Michelle Hartner, Recording Secretary 0 (!) 0 1685 CROSSTOWN BOULEVARD N.W. . ANDOVER, MINNESOTA 55304 . (763) 755-5100 FAX (763) 755-8923 . WWW.CI.ANDOVER.MN.US TO: BDA Pre"""" and BoanI ~ /' CC: Jim Dickinson, Executive Direc r l FROM: Will Neumeister, Director of Community Development ~ SUBJECT: Architectural Review (Foundation Hill Daycare) DATE: March 18, 2008 INTRODUCTION The EDA is asked to review and approve the attached architectural/site design of the proposed Daycare/Montessori School (for Foundation Hill) that is to be built on the parcel ofland located north of Bruggeman's Townhomes. Also attached is the site plan showing how they will position their building on the lot. The buyer, Mr. Nagwani, will be present at the meeting to present color schemes he is proposing to use on the building. 0 DISCUSSION The Andover Station North Design Guidelines require the building to be reviewed by the Andover EDA to determine whether the materials conform to the qualities the EDA has established for this area. The materials that it will be built of integral colored concrete block with other exterior finish materials including glass, brick and EIFS. Staff feels that the design and materials choices are in keeping with the design guidelines. Mr. Nagwani plans to build 6,653 square feet this summer, and the balance of the building (4,739 square feet) will be built in future years as their space needs grow. We have calculated that the amount of parking is adequate to meet both the short and long term needs. They will have a shared driveway and parking access and maintenance agreement with the adjacent owner. ACTION REOUESTED The EDA is asked to approve the architectural design and site plan of the Foundation Hill Daycare and Montessori School. The Andover Review Committee will review the site plans during the Commercial Site Plan Review process. Respectfully submi~ Will Neumeister Attachments: Drawings of Building; Site Plan 0 Cc: Murli Nagwani, Foundation Hill Montessori, 3220 Bridge St. NW (Suite 105), St. Francis, MN 55070 0 \ Vl Vl~ ~~ ~-< -<~ ~Vl Vl~ "><,, on " I.J... (/)(/)110 ~~~8~ ~ ~ti;ln~~ <.0 (/) ~OD::: ~ ~~N~~ II r l::l::l '~N<<( ~0~~~t;;tn <(~<---l...J ~UOCl<(<( S~~55bb ...Ja... CllDllH- l- ~(f" i., , z~ :'S. a._ ww Q) >-0 v;~ - ...... -:;: tZl , 0 / / "- -- 0 0 ~ " ., " 0 . ~ " . , 0 .~; · i , i . 'I 1i < . " ~ -III ....u 1"~ ~ il~ elosaUu,,~ I JaAOpUY , ~ l' z M .w '11j ~II!! 0 h , ! j" i= :.... t.,~ ~~ ~i ~ .. 3~VJA va ~ I~OSS3lNOW !di ~ <( ~ ::I!; s":~i ~ nt ~ G- III <u 'J:( ~i'i'!~ ~ . ,. . " lllH NOll vaNna:! III . , I'" Ji. ". "1 "Ill!' l H < <C ~~.I !:i_ i ~ ~f~ .. 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WWW.CI.ANDOVER.MN.US TO: EDA President and Board Cc: Jim Dickinson, Executive Director FROM: Will Neumeister, Director of Community Development ~ SUBJECT: Letter of Intent (Laura Heppner) DATE: March 18, 2008 INTRODUCTION The EDA is asked to review the attached "Letter of Intent" from Laura Heppner indicating she would like to buy one of the parcels located in Andover Station North. The site that she is offering to buy is the north Y2 of Lot 26, Block 1, Parkside at Andover Statio (see attached location map). This is the lot directly north of the lot being sold to Murli Nagwani for a day care/Montessori School. She would like to build a 6,000 to 8,000 square foot building of which about 50% would be occupied by their dry cleaning business with the remainder of the space available for lease. 0 DISCUSSION The attached "Letter of Intent" proposes a price of $4.50 per square foot for the land (including the park dedication fee). They anticipate that they would like to close by June 1, 2008 to enable a ground breaking by mid-summer 2008. They have met with Mr. Nagwani to discuss the dry cleaner use of the property. Mr. Nagwani has agreed to put it in writing that he will accept the dry cleaner use on the property adjacent to the one he is intending to buy. This is needed because dry cleaners had been an excluded use in his purchase agreement. If the EDA agrees with the use and the type of building construction, price, etc. then the next step is to authorize the City Attorney to prepare a purchase agreement. ACTION REQUESTED The EDA is asked to review the "Letter of Intent" from Laura Heppner and determine if the proposed use and price is acceptable. If so, please authorize the signing of the document and authorize the City Attorney to prepare a purchase agreement. Respectfully submitted, L- Will Neumeister t;v Attachments Letter of Intent 0 Plat Map (Andover Station North) Site Plan of Building Layouts ~ 0 Letter of Intent to Purchase Property: Known as Parcel B (approximately 50,000 sq ft) Located in the Andover Station Project; Andover, MN February 3, 2008 EDA President and Board Jim Dickinson, Executive Director Will Neumeister, Director of community Development City of Andover 1685 Crosstown Boulevard NW Andover, MN 55304 RE: Sale of approximately 50,000 +/- sq ft lot just off 139th Lane NW and Jay Street NW, Andover, MN Dear President and Board, Jim and Will: This letter of intent to purchase is written for the purpose of outlining the terms and conditions that the buyer would consider in purchasing the above-referenced lot and that the seller would accept. The terms and conditions are the following: 0 1.) Laura J. Heppner and/or assigns agree(s) to purchase this lot for a sale price of two hundred twenty-five thousand dollars ($225,000) based on 50,000 ~ ~t at $4.50 per ..uare fooL Au .......t mouey _.....it of Ii.. tI ($30B))vill be made upon signing the Purchase Agreement. 1 2.) Seller shall provide a certified survey of the property showing all easements 7Jl \ ~ ofrecord. \\ b3. Seller shall provide payment of all assessments. 4.) Seller shall provide payment of all park fees. 5.) Seller shall provide a copy of an environmental phase I and II report if seller possesses one. 6.) Seller shall provide copies of all soil tests for the lot if said tests exist. 7.) Buyer shall be able to obtain the correct zoning, land use, signage, watershed, environmental and other governmental approvals and permits necessary for the buyer to use the property for a drive-through window and dry-cleaning processing plant along with retail sales. This sale is contingent upon buyer's obtaining all necessary approvals. 8.) Seller shall provide that roads, utilities and points of access as well as other infrastructures are available to the property for buyer's purpose. 9.) Sale shall be subject to buyer's obtaining the approval of an acceptable building plan and design from the City of Andover, MN. 10.) Sale shall be subject to buyer's obtaining satisfactory financing and e reasonable construction costs for the approved plan and proposed construction and is contingent upon buyer's approval. ... , 2 0 11.) Sale shall be subject to buyer's obtaining approval for her retail sign at Andover Station for the overall project, thereby allowing her to install her business name on this sign in a manner parallel to the signage of other businesses' names on the sign. This sale is contingent upon buyer's obtaining the use of this sign. 12.) Sale shall be subject to obtaining verification from the City of Andover that the proposed new stoplight at the corner of Jay Street and Hanson boulevard will be installed before September 1, 2008. Additionally, the buyer will not be responsible for payment of any expenses or fees associated with this new stoplight or its installation (i.e., all these expenses will be paid by the City of Andover). 13.) Sale shall be subject to seller's providing clear and good title at closing. 14.) Sale shall be subject to closing on the lot on or before June 1,2008. 15.) Integrated Real Estate Services, Inc (IRES) represents the buyer and seller in this transaction and a six percent (6%) real estate commission shall be paid to IRES by the seller at closing. Buyer is to pay no commission in this transaction. N.B.: This letter of intent to purchase represents confidential information which is to be shared only among the seller and seller's attorney, buyer and buyer's attorney, and broker for all parties' benefit. This letter of intent will expire on February 22. 2008 if not accepted by all parties. Please acknowledge acceptance by affIXing your 0 signature below. This document will then become the basis for drafting a binding Purchase Agreement within seven (7) days of the letter's being accepted by all parties concerned. SELLER: Andover Economic Development Authority By: Michael R. Gamache, President Date: By: James Dickinson, Executive Director Date: er and/or assigns By: 0 ~ TION NORTH !\ TION NORTH O I'----NE. Cor. of tM NWT/-I of 1M NEl/". of See. I NW. Cor. of~NC1/.f.Q'theNE1/" f<"-- J.I, r..I2 R. 2"cl- I -.,{" Q -- ~ T. .12. R. 24- I __ ,/-- Un~ 13f the NEf/-I 01 tM NEt/</. of SttF< .u. T. .I2. R. 24 Ano/tQ County MonumfNIt 01 I ... O€o'B.Y""'B'3.Y" , S89l18:JgT tM HE. Cor. of th. HE1/4 _ _ ". ~i VI C " 1316.94 ____ of StIc. ..u. T. .I2. R. 24- ------ ~---- 870.25 N84"OO'32~E ________ ---------- ... ~~ ~ I ~o:.:: ~~ I t.:1<.:: I ~~ '1 I J "'J"i I, 1 . J ~ ~ d '''- I' 1- (jjJ; I~ f I I 0 ; : 1$ I 1 ,~I ~ Z 3 s.~ 298,~9 sq.ft. llii~l f ~ ~ >- J ~~ 6.8Sacrea I ~I ' 8:A"/ (Total) , 15 z ~ IS! 187,892 aq.ft. 1 I~ ~,~ , I 7S ~I ...... 4.31 acres ,~ ~!\l' ! o Q (ExcludIng existing easements) US':e~'l ~ '#; i.~ I :ot. ~~ 1t?~/t:!~I~ 'I ~~ :'<:ll~,,:;e/' .. .. lp:;:j ~ ~,rg I 1 ~~ Ilir8 ~~:~ I a I) ,~ ~ I I ~~ J ~ I I ~~ : ,/ I ~ ./# ' I 2 I~ I I : ~.z.z38 Sq.Ft. ' : I I I~ 1.20 Acres II ' I CI) If t , ~:l.BL ., : I ~ ~ ~ r .J?!. SS9'4 2 11 /1 . / I Z f f/::l WE1lND I /2 , 0 uO I : /, 10 t "E t I....... ) 0 t 0 I~ / ~ I ::l I 0 1 t m 316,676 sq.fl I 7.27 acres I 294,858 sq.ft. (Total) I ~n~ Z (Excluding existing ecsements) 2 ~ ~ 1BB.257 Sq.R ~~ ) 264.340 ".Fe ./ 1 I \ n_ lif 6.07 Acres - 11 S~: ,I 1 \ Zil;)! 507.33 ~ ~ ~ ! ~O::::l' mO- 636.55 o-~ . S89"06'38-E ...... J2,699 Sq.Ft. /' ,-- -- . -- . ~~ 1 . - . ___'" ,~ "'} ",f OUTLOT 892,0&. ......'e~ _ ' __ .. / kI "' ,I 2.11 Acr~ "'-...... _.- 1 . ------___:J_L____~-MA TCHLlNE ------ ~ _ O)~ .._...74BH ShtMt 1 o/3-$bH~ --..-...- """: _ .;otlQ I - SS9'44'10.' - -_ c. bOi I" "".48 - (~ O ,~ I ~ . !:)'" I ~ ~T: 1 3 I 0 U1 U1~ ~~ ~< <~ ~U1 U1~ "'''' U1 " u.: Ul~IlCl ui ~~~8~ ffi ~liilii~~ (Q en .....00: o N~N~o.. q- N I I..J~ II I ~N<t.:;i, ~g~~~liilii :~~~~~~ 0<<(=:1::'00 -lo..OOHIII-I- ~~ ~- , zg :So a.. WLJ ~, [i>&l -:;( 0 / / -- 0 @ C I T Y 0 F 0 NDOVE 1685 CROSSTOWN BOULEVARD N.W. . ANDOVER, MINNESOTA 55304. (763) 755-5100 FAX (763) 755-8923. WWW.CI.ANDOVER.MN.US TO: Economic Development Authority CC: Jim Dickinson, City Administrator FROM: David D. Berkowitz, Director of Public Works/City Engineer SUBJECT: Update Andover Station Associations Requests DATE: March 18, 2008 INTRODUCTION This item is to update the Andover EDA on requests made by the Andover Station Associations. DISCUSSION 0 At the February 19th Andover EDA meeting the Andover Station Associations requested that the EDA look at cost saving measures for the lighting and landscape maintenance to Jay Street and Martin Street. There was also a request to evaluate a left turn lane on Bunker Lake Boulevard to provide access at Martin Street. Staff met with representative of the associations and Connexus Energy to discuss the lighting. Leo Offerman with Connexus evaluated 3 options to reduce the lighting cost. The options are as follows: 1. All the lights remain on from sunset to 2:00 am and then turn half of the lights off until sunrise. This would provide an approximate energy savings of $2,200 annually. 2. Every other light to be on from sunset to sunrise. This would provide an approximate energy savings of $5,000 and an approximate maintenance savings of $1,000. The total estimated annual savings would be $6,000. 3. Every other light to be on from sunset to 2:00 am and then all the lights to be turn off. This would provide an approximate energy savings of $7,200 and an approximate maintenance savings of $1 ,000. The total estimated annual savings would be $8,200. Staff recommends option 1, which would continue the main intent of the lighting to provide safe lighting that promotes pedestrian traffic in the area and accents the vast plantings that were installed. 0 Option 3 is not recommended because the lighting of intersections at Station Parkway would be eliminated and the area would be extremely dark. EDA Members 0 March 18, 2008 Page 2 of2 Another concern was the amount of landscape maintenance required by the associations for the median and boulevard plantings. The area has not been maintained properly by the associations for several years. The shrubs are overgrown and need to be cut back. One issue specifically that was mentioned was the sight lines at Jay Street and the main entrance across from Kottkes Bus Company. Staff has reviewed the landscape and agrees that the sight lines at Jay Street and the main entrance is a problem. Staff recommends that the EDA clear trees and cut back the shrubs in the south median to provide proper sight lines for safety. The remainder of the landscape maintenance should be done by the associations and kept up with on an annual basis. The final request was to evaluate a left turn lane on Bunker Lake Boulevard to access Martin Street. Staff prepared a draft drawing to see if a turn lane will fit within the existing median. It appears that it will meet the geometric design standards. Staff also contacted Doug Fischer (Anoka County Engineer) to request a meeting to discuss this item. Through a series of voicemails, Mr. Fischer stated the county was not interested in a turn lane and was not willing to meet. I requested a letter stating that and to date I have not received one. A voicemail and follow up email was sent to Mr. 0 Fischer with no response. ACTION REQUIRED The EDA is requested to discuss the items and direct staff on how to proceed. Respectfully submitted, Q~CO. David D. Berkowitz cc: Erica Dahlin, Andover Station II Association, Andover Lanes, 13633 Martin Street NW, Andover, MN 55304 Jennifer Lenhart, Andover Station Owners Association, United Properties, 6465 Wayzata Boulevard, Suite 130, St. Louis Park, MN 55426 0 (0 0 1685 CROSSTOWN BOULEVARD NW. . ANDOVER, MINNESOTA 55304 . (763) 755-5100 FAX (763) 755-8923 . WWW.CI.ANDOVER.MN.US TO: EDA President and Board CC: Jim Dickinson, Executive Director FROM: Will Neumeister, Director of Community SUBJECT: Andover Station Design Guidelines Amendment DATE: March 18, 2008 INTRODUCTION The EDA agreed at their last meeting to make changes to the Andover Station Design Guidelines to allow the seasonal greenhouse/garden center in the parking lot between Festival Foods and the now vacant Northgate Liquors building. This report brings forward the needed changes in. the guidelines to allow that to happen. o DISCUSSION The EDA felt comfortable making the change as long as it didn't automatically allow all temporary uses without some oversight by the EDA. There was direction that the EDA be allowed to review and approve the operation. Attached are selected sections from the design guidelines that will need to be amended to allow the proposed Linder's Greenhouse in Andover Station. The EDA is asked to review the proposed changes to the Andover Station Design Guidelines. This would allow a seasonal greenhouse/garden center in the Andover Station area provided the EDA has reviewed what the operation will look like and determined that it fits the architecture of the area, and that it will not affect parking and traffic flow, and a Conditional Use Permit is obtained. ACTION REQUESTED Please consider the proposed changes and take action to amend the Andover Station Design Guidelines as shown on the attached page. Respectfully submitted, ttJ- Will Neumeister Attachment o Andover Station Design Guidelines (pertinent sections) Proposed Changes (March 18, 2008) 0 Andover Station Design Guidelines The Andover Station Design Guidelines do not currently allow temporary structures. The new words that are needed are bold/underlined and language that should be removed is stricken out. Please review the following excerpts from the Andover Station Design Standards (with changes shown). Garden centers and outdoor sales and storage need to be removed from the list of excluded uses. They will still need to obtain a Conditional Use Permit from the City, Section 1.13 "Excluded Uses" shall mean the following uses and activities are prohibited within the property: . Contractors Yards . Lumber Yards . Home Improvement/Building Supply - GaNhm/LaIUiBl'lapl'l Cl'lIitl'lr . Auto Related Industries including sales and repair . Used Material Yard - lZntl'lHer 8teragl'l antl Sall'lS . Manufacture, storage or sale of explosives or similar dangerous products . Trucking Terminal . "Adult Uses" as regulated by City Ordinances 0 Changes to the following section will allow a temporary structure, but qualifies that approval is needed by the EDA and City Council: Section 2.07 Minimum Standards . Temporary Structures - Ne tOOl}'le1'8I') lllli.llimg er etftl'lr t@m}'lemfj' stml'lUl'l shallhl'l }'Immittl'lll €lll. any l€lt; }'Ire. idl'lll, he ..l'l . l'lf, that Ttrailers, temporary construction buildings, and the like shall be permitted for construction purposes during the period of construction or alteration of a permanent building. Such structures shall be placed as inconspicuously as practicable, shall cause no inconvenience to owners or other occupants of other lots, and shall be removed not later than 30 days after the date of substantial completion for beneficial occupancy of the building in connection with which the temporary structure was used. Other temoorarv structures. such as seasonall!reenhouses. shall be allowed to be located on orooerties in Andover Station orovided that thev have been reviewed and aooroved bv the Andover EDA. The EDA will determine whether these tvoes of temoorarv structures will be allowed. based on the followinl! Qualities: - Comoatible with the architecture of the surroundinl! area. - Location in the oarkinl! lot will not to adverselv affect the traffic or oarkinl! needs of the business. - City Council aooroval of a Conditional Use Permit is obtained. 0 @ -0 1685 CROSSTOWN BOULEVARD N.W. . ANDOVER, MINNESOTA 55304. (763) 755-5100 FAX (763) 755-8923 . WWW.CI.ANDOVER.MN.US TO: EDA President and Board CC: Jim Dickinson, Executive Directo FROM: Will Neumeister, Community Development Director wL SUBJECT: Economic Development Updates DATE: March 18, 2008 INTRODUCTION This memo is provided as an update for all economic development activities related to Andover Station North: Funeral Home (Thurston-DeShaw) - They've fmished with construction and are putting furniture in the building. Day Care Site (Griffen Business Holdings) - The architect has completed the architectural elevation drawings and the EDA is asked to review them this evening. They would like to be under construction by May 1st. 0 MVP Baseball (John Larkin) - Mr. Larkin was given a 30 day time extension until the end of March to complete the purchase. Blue Fin Pool & Spa - Staff is working on preparing the lot split and purchase agreement documents. Restaurant (Moose Knuckles) - Mr. Stoner has received EDA approval of the architectural design of the building and closing is set to occur on or before April 1, 2008. Light Industrial Building (Dynamic Sealing Technologies) - They have applied for a building permit and the option agreement and purchase agreement are on the agenda this evening (for adjacent lot). OffICe Development (Northstar Partners) - They have produced a long list of whom they have marketed the site to. Staff will continue to market the site and if any of the potential buyers surfaces we will bring forward any and all offers should they appear. ACTION REOUESTED No action is needed. this is only an informational update. Respectfully sUbmi~~ Will Neumeister 0