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HomeMy WebLinkAboutApril 1, 2008 C I T Y o F 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 April 1, 2008 6:00 p.m. Conference Rooms A & B 1. Call to Order - 6:00 p.m. 2. Approval of Minutes (3/18/08 Regular Mtg.) 3. Purchase and Option Agreement (Dynamic Sealing Technologies) 4. Purchase Agreement (Blue Fin Pool & Spa) 5. Purchase Agreement (Golden Eagle II - Dry Cleaners) 6. Quotes for Area Identification Sign(s) 7. Bunker Lake Boulevard Median Update 8. Update Economic Development Activities 9. Other Business 0 Cerv~ Cl-) C I T Y o F W~l t{u'\ 11--(5-0 <6: NDOVE 0 ANDOVER ECONOMIC DEVELOPMENT AUTHORITY MEETING APRIL 1, 2008 - MINUTES A Meeting of the Andover Economic Development Authority was called to order by Vice President Julie Trude, April 1, 2008, 6:00 p.m., at the Andover City Hall, 1685 Crosstown Boulevard NW, Andover, Minnesota. Present: President Mike Gamache (arrived at 6:04 p.m.) Commissioners Don Jacobso~ Mike Knight, Ken Orttel, and Voting resident members Robert Nowak: and Joyce Twistol Absent: None Also present: Executive Director, Jim Dickinson Community Development Director, Will Neumeister City Engineer, Dave Berkowitz Others 0 Mr. Neumeister stated agenda item number 5; Purchase Agreement (Golden Eagle II-Dry Cleaners) was to be removed. APPROVAL OF MINUTES March 18, 2008 Regular Meeting: Correct as written. Motion by Jacobso~ Seconded by Orttel, approval of the Minutes as written. Motion carried unanimously. PURCHASE AND OPTION AGREEMENT (DYNAMIC SEALING TECHNOLOGIES) Mr. Dickinson stated Dynamic Sealing has made a counter offer of $3.80 per square foot with an additional $15,000 between the Option Agreement and earnest money for the purchase of Lot 3, Block 3, Andover Station North. Staff is supportive of the offer. Motion by Jacobso~ Seconded by Knight, to approve the Option and Purchase Agreement for Dynamic Sealing Technologies. Motion carried unanimously. 0 PURCHASE AGREEMENT (BLUE FIN POOL & SPA) Mr. Neumeister stated since the proposal at the last meeting the lot size has increased to a 100- 0 Andover Economic Development Authority Meeting Minutes - April], 2008 Page 2 foot wide lot to allow for a 6,000 square foot building. No variance is needed. Parking is adequate for this building. Mr. Dickinson stated the agreement price includes area and connection charges. The driveway access was discussed. Commissioner Orttel asked if there would be an outdoor display area Mr. Brenner stated he would like an outdoor display area. Mr. Neumeister stated any outdoor display or storage area would need to be approved by the EDA. Motion by Jacobson, Seconded by Knight, to approve the Purchase agreement as amended for Blue Fin Pool and Spa Motion carried unanimously. QUOTES FOR AREA IDENTIFICATIONS SIGN(S) Mr. Neumeister went over the quotes from three sign companies, recommending Leroy Signs. One sign will be built now and the second sign will be built at a later time. Designs have been checked by an engineer. Mr. Dickinson stated the city would be the general contractor for this project. The size of the sign was discussed. Motion by Jacobson, Seconded by Orttel to approve the sign quote from Leroy Signs. Motion carried unanimously. BUNKER LAKE BOULEVARD MEDIAN UPDATE Mr. Neumeister stated staff is looking for direction regarding the Bunker Lake Boulevard medians on whether the EDA or Andover Station Associations will cover the cost. Mr. Dickinson stated the current agreement states the associations are responsible for the maintenance cost of the medians. President Gamache asked if the maintenance cost would go down with the current plan from Prairie Restorations. Mr. Neumeister stated it would. 0 Mr. Berkowitz stated the associations could work with the city on the maintenance and then the city would bill the associations. Motion by Jacobson, Seconded by Trude, to approve the EDA to pay the cost for the medians to 0 Andover Economic Development Authority Meeting Minutes - April], 2008 Page 3 be planted and for the Andover Station Associations to pay for the maintenance cost thereafter. Motion carried 6 ayes and I nay (Nowak) vote. UPDATE ECONOMIC DEVELOPMENT ACTIVITIES Mr. Neumeister stated Mr. Larkin would be at the next EDA meeting asking for another time extension. Motion by Jacobson, Seconded by Orttel, to adjourn. Motion carried unanimously. The meeting adjourned at 7:00 p.m. Respectfu.1ly submitted, Mic elle Hartner, Recording Secretary 1 0