HomeMy WebLinkAboutJanuary 15, 2008
C I T Y o F
0 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
January 15, 2008
6:00 p.m.
Conference Rooms A & B
AGENDA
1. Call to Order - 6:00 p.m.
2. Organizational Items
3. Approval of Minutes (1/2/08 Regular Mtg.)
4. Letter of Intent Review (MBG Holdings, LLC)
0 5. Bunker Lake Boulevard Medians
6. Update on Economic Development Activities
7. Other Business
8. Adjourn
0
{!R~ c:u
.
\..G'L l\f-Lvl ~ -l <1-C~
0
ANDOVER ECONOMIC DEVELOPMENT AUTHORITY MEETING
JANUARY 15,2008 - MINUTES
A Meeting of the Andover Economic Development Authority was called to order by Vice President
Julie Trude, January 15, 2008, 6:00 p.m., at the Andover City Hall, 1685 Crosstown Boulevard NW,
Andover, Minnesota.
Present: President Mike Gamache (arrived at 6:38 p.m.) Commissioners
Don Jacobson, Mike Knight, Ken Ortte1 (arrived at 6:05 p.m.), 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/Director of Public Works, Dave Berkowitz
Others
0 APPROVAL OF MINUTES
January 2, 2008 Regular Meeting: Correct as written.
Motion by Jacobson, Seconded by Knight, approval of the Minutes as written. Motion carried
unanimously.
ORGANIZATIONAL ITEMS
Deputy City Clerk, Michelle Hartner administered the oath of office for EDA voting resident
member Joyce Twistol for a new term.
UPDATE ON ECONOMIC DEVELOPMENT ACTIVITIES
Mr. Neumeister gave updates on the following:
Funeral Home - Plan to be finished by early February.
Day Care Site - Mr. Nagwani still needs to sign the purchase agreement and provide the $5,000
0 earnest money. Mr. Nagwani has contacted an architect. Conditions were discussed regarding a
dry cleaner that is interested in the north half of the property.
MVP - Mr. Larkin is still working on financing.
0 Andover Economic Development Authority Meeting
Minutes - January 15, 2008
Page 2
LETTER OF INTENT REVIEW (MBG HOLDINGS, LLC)
Mr. Neumeister introduced Andy Stoner and Derrick Johnson. They are interested in purchasing
Lot 4, Block 3, Andover Station North for $5.00 a square foot to develop a 7,000 square foot
restaurant.
Mr. Stoner presented a plan of a one level restaurant. It would be a steak. house with a full bar.
The restaurant will be focused on families with video games for the kids. The outdoor patio area
will have in floor heat. A bank is already on board for the financing.
Commissioner Jacobson asked what the distance is from the restaurant and day care site? Mr.
Neumeister stated the distance is at least 1,200 feet from lot comer to lot comer.
Commissioner Trude asked about a bank commitment. Mr. Stoner stated the bank is satisfied
with the amount of capital that is being put into the project.
0 Commission Orttel asked what hours the restaurant would be operating? Mr. Stoner stated the
hours would be 11 :00 a.m. to 11 :00 p.m. with a lunch menu.
Motion by Jacobson, Seconded by Knight to direct staff to prepare a purchase agreement with the
City Attorney based upon the terms that have been discussed between the EDA and MBG
Holdings, LLC. Motion carried unanimously.
BUNKER LAKE BOULEV ARb MEDIANS
Mr. Neumeister explained the planting and services of the agreement with Prairie Restorations
Inc.
Commissioner Jacobson asked about the business associations sharing in the cost. Mr.
Neumeister stated once the medians have been established the associations would take care of the
maintenance.
Mr. Dickinson stated there is a maintenance agreement in place with the associations. President
Gamache would like the cost billed back to the associations.
Mr. Neumeister stated Prairie Restorations Inc. have done other medians. President Gamache
0 would like pictures from Prairie Restorations Inc. showing the medians they have planted and are
established.
The cost of the medians was discussed.
0 Andover Economic Development Authority Meeting
Minutes - January 15, 2008
Page 3
Commissioner Jacobson asked what the time frame is. Mr. Neumeister stated Prairie
Restorations would start seeding at the end of May.
Direction from the EDA is for Mr. Neumeister to contact the business associations about
contributing to the cost and getting pictures from Prairie Restorations.
OTHER BUSINESS
Mr. Neumeister would like comments on the design drawing of the monument signs for Andover
Station North from Leroy Signs. The sign would be 25 feet high with nine multi tenant spaces.
The sign would be backlit on each nameplate. Each tenant would have to pay for the nameplate.
Commissioner Trude stated some of the businesses could be on the Hanson sign and some on the
Bunker sign.
Commissioner Orttel stated making the sign flexible since it's hard to know how many tenant
signs will be needed.
0
Motion by Jacobson, Seconded by Trude, to adjourn. Motion carried unanimously. The meeting
adjourned at 7 :00 p.m.
Respectfully submitted, <
i~
i " 4 .; . ;, .rb)~
. c lIe Hartner, Recording Secretary
0