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HomeMy WebLinkAboutJanuary 2, 2008 ~ U-0 Wll t+vh l -l S-Og 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 January 2, 2008 6:00 p.m. Conference Rooms A & B AGENDA 1. Call to Order - 6:00 p.m. 2. Approval of Minutes (12/18/07 Regular Mtg.) 3. Organizational Items 0 4. Purchase Agreement Time Extension (MVP Baseball Academies) 5. Review Purchase Agreement (Griffen Business Holdings) 6. Area Identification Signs (Andover Station North) 7. Update on Economic Development Activities 8. Legislative Research Update 9. Other Business 10. Adjourn 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 ANDOVER ECONOMIC DEVELOPMENT AUTHORITY MEETING JANUARY 2,2008 - MINUTES A Meeting of the Andover Economic Development Authority was called to order by President Mike Gamache, January 2, 2008, 6:00 p.m., at the Andover City Hall, 1685 Crosstown Boulevard NW, Andover, Minnesota. Present: President Mike Gamache, Commissioners Don Jacobson, Mike Knight, Ken Orttel (arrived 6:02 p.m.), Julie Trude, 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 APPROVAL OF MINUTES December 4, 2007 Regular Meeting: Correct as written. Motion by Jacobson, Seconded by Knight, approval of the Minutes as written. Motion carried unanimously. ORGANIZATIONAL ITEMS Motion by Trude, Seconded by Gamache, recommending the City Council reappoint voting resident members of the EDA, Joyce Twistol and Robert Nowak for another term. Motion carried unanimously. Motion by Jacobson, Seconded by Knight, to approve the officer positions; they will remain the same. Motion carried unanimously. PURCHASE AGREEMENT TIME EXTENSION (MVP BASEBALL - JOHN LARKIN) 0 Mr. Larkin stated his investor backed out. There is a new investment group that is interested in the project. Mr. Larkin is requesting a 30-60 day extension. Motion by Orttel, Seconded by Trude, to extend the purchase agreement 60 days. Motion carried 0 Andover Economic Development Authority Meeting Minutes - January 2, 2008 Page 2 6 ayes and 1 nay (Jacobson) vote. REVIEW PURCHASE AGREEMENT (GRIFFEN BUSINESS HOLDINGS) Mr. Neumeister discussed the changes of the purchase agreement that Mr. Nagwani has requested. Commissioner Jacobson would like Mr. Nagwani to explain why he would like certain businesses to be excluded from the property adjacent. Mr. Nagwani stated the licensing for a daycare center has liIIiits on how close a liquor store can be to a school. He's also concerned about the potential pollutants generated from a dry cleaning processing plant and printing facilities. The city ordinance regarding how close a liqupr store can be to a school was discussed. 0 Mr. Neumeister stated Mr. Nagwani would like to close within six months. Commissioner Trude would like the purchase agreement to state that closing would be within 90 days of the signed purchase agreement. If the closing does not take place in 90 days the buyer would need to provide the seller with proof of fmancing for the project. Mr. Nagwani would like 120 days from the signed purchase agreement. He would like to have the building ready by the tiIIie school starts. The shared parking lot was discussed. Motion by Trude, Seconded by Knight, to have staff move forward drafting the agreement with closing in 120 days. Extensions will only be given if proof of financial viability is produced and with the additional use restrictions. Motion carried unanimously. AREA IDENTIFICATION SIGNS (ANDOVER STATION NORTH) Mr. Neumeister stated at this tiIIie details need to be fmalized in order for construction to be done in the spring. Commissioner Orttel suggested getting quotes from a bricklayer for the base and a sign company for the sign portion to save on the cost. Mr. Neumeister agreed. 0 Mr. Dickinson stated the EDA could act as the general contractor. The association would be responsible for the maintenance of the signs. Mr. Neumeister stated at the next meeting staff will have a modified proposal and price quote. 0 Andover Economic Development Authority Meeting Minutes - JanualY 2, 2008 Page 3 UPDATE ON ECONOMIC DEVELOPMENT ACTIVITIES Mr. Neumeister updated on the following: Retail Building - A realtor is still working with a client interested in expanding the Rudnicki building. He also has a restaurant interested in the lot north of the banle Tasty Pizza - A letter was sent stating the purchase agreement is dissolved. LEGISLATIVE RESEARCH UPDATE Mr. Dickinson stated he talked to the County, Association of Minnesota Counties, Association of Metropolitan Cities and the League of Minnesota Cities. At this time a bill will not be going to the legislature this session. 0 Motion by Jacobson, Seconded by Knight, to adjourn. Motion carried unanimously. The meeting adjourned at 6:56 p.m. ! ~Stfull~ SC1l!i .... '1 ~~~~ne;~ R~}~Jf~retary 1 0