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HomeMy WebLinkAboutApril 21, 2009 C I T Y O r p 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 21, 2009 6:00 p.m. Conference Rooms A & B 1. Call to Order— 6:00 p.m. 2. Approval of Minutes (March 24, 2009 and April 7, 2009) 3. Extend Option Agreement (Dynamic Sealing Technologies) © 4. Discuss Monument Sign Agreement 5. Approve Banner Design for Andover Station 6. Purchase Agreement/Letter of Intent/Progress Review 7. Hold Special Meeting of Board of Directors / Andover Station North Owners Association, a. Adopt Original By -laws b. Recognition of New Directors c. Execute New By -laws 8. Other Business C t � �a' 0 a ANDOVER ECONOMIC DEVELOPMENT AUTHORITY MEETING APRIL 21, 2009 - MINUTES A Meeting of the Andover Economic Development Authority was called to order by President Gamache, April 21, 2009, 6:00 p.m., at the Andover City Hall, 1685 Crosstown Boulevard NW, Andover, Minnesota. Present: Commissioners Sheri Bukkila, Don Jacobson, Mike Knight, Robert Nowak and Joyce Twistol Absent: Commissioner Julie Trude Also present: Executive Director, Jim Dickinson Community Development Director, Will Neumeister Public Works Director /City Engineer, Dave Berkowitz Others APPROVAL OFMINUTES April 7, 2009 Regular Meeting: Correct as amended. Commissioner Twistol stated on page 2, line 20 after the word parcel she would like the following sentence added, "Owner of Eddy's Auto Body responded there was no hazardous waste and the EPA had issued a report when Eddy's refinanced two years ago ". Motion by Jacobson, Seconded by Knight, approval of the minutes as amended. Motion carried unanimously. ( Trude absent) EXTEND OPTIONAGREEMENT (DYNAMIC SEALING TECHNOLOGIES) Mr. Neumeister stated Jeff Meister, owner of Dynamic Sealing is in attendance and is requesting an extension on a current option agreement to purchase additional land that will expire July 31, 2009. Mr. Neumeister explained staff is supportive of an 18 or 24 month extension provided Mr. Meister provides a non - refundable payment of $10,000. Mr. Meister stated he is requesting a 24 month extension. © Commissioner Jacobson suggested a Right of First Refusal without a non - refundable payment of $10,000 so the EDA could actively market this parcel for the 18 month extension. Mr. Dickinson stated the reason they went with an option agreement instead of a Right of First Refusal is Mr. Meister wants to know what that target price is going to be. With Right of First Refusal the price may not be what Mr. Meister negotiated. © Andover Economic Development Authority Meeting Minutes — April 21, 2009 Page 2 Mr. Dickinson stated he's not opposed to the 24 month extension based on the current activity and there is no immediate interest in this parcel. There are other parcels in Andover Station North to actively market. There is more long term value with Dynamic Sealing expanding than starting from scratch. The $10,000 non - refundable payment was discussed. Motion by Gamache, Seconded by Jacobson, to grant a 24 month extension to the current option agreement with Dynamic Sealing Technologies, Inc. with an additional $10,000 non - refundable option payment. Motion carried unanimously. (Trude absent) DISCUSS MONUMENT SIGNAGREEMENT Mr. Neumeister stated Louis Rudnicki and Scott Brenner requested temporary use of the two large monument signs located on Hanson and Bunker Lake Boulevards. Mr. Rudnicki drew up a Temporary Sign Agreement which the City Attorney has looked over and made some changes. © The placement of the signs were discussed. Motion by Knight, Seconded by Jacobson, to approve the Temporary Sign Agreement in Andover Station North. Motion carried unanimously. (Trude absent) APPROVE BANNER DESIGN FOR ANDOVER STATION Mr. Neumeister presented three different choices of green canvas for the banners in Andover Station. Commissioner Knight asked about the fade factor. Mr. Neumeister responded there is three years of UB protection. Motion by Jacobson, Seconded by Knight, to approve the forest green canvas for the banners in Andover Station. Motion carried unanimously. (Trude absent) PURCHASE AGREEMENTILETTER OF INTENTIPROGRESS REVIEW Mr. Neumeister gave an update on the following: Moose & Co. Grill House — Owner, Andy Stoner is working locally for financing. 20% of the project is complete. Kwik Trip — The City will be moving forward with the feasibility to get the costs in line. Everyone involved seems to be willing to pay for some of the project. The costs need to be fine tuned. Andover Economic Development Authority Meeting Minutes — April 21, 2009 Page 3 Restaurant Site — Buffalo Wild Wings is no longer interested, it would be too close to their restaurant in Coon Rapids. There are leads on a couple hamburger joints. Annual Business Development Day Golf Tournament — Registrations are coming in. The price was kept low this year. HOLD SPECL4L MEETING OF BOARD OF DIRECTORS /ANDOVER STATION NORTH OWNERSASSOCL41ION Mr. Neumeister explained in 2002 the Bylaws for the Andover Station North Owners Association was adopted, however the original signed Bylaws can not be found. This issue surfaced when Verizon requested a copy of the signed Bylaws. Mr. Neumeister stated Scott Baumgartner, the City Attorney advised the Board of Directors for the Andover Station North Owners Association should act on these three items: • Adoption of the original Bylaws of the corporation from October 2002: • Recognition of Joyce Twistol and Sheri Bukkila as new directors of the corporation; • Execution of new corporate Bylaws, identical to those originally executed in or about October of 2002. Mr. Neumeister explained new owners in Andover Station North are members of the association, not directors. Mr. Dickinson stated staff believes the original documents did exist, however the documents did not get recorded properly. The Board of Directors does need to hold a meeting outlining what has happened from 2002 to the present. Motion Knight, Seconded by Jacobson, to approve Adoption of the original Bylaws of the corporation from October 2002, Recognize Joyce Twistol and Sheri Bukkila as new directors of the corporation and Execute new corporate Bylaws, identical to those originally executed in or about October of:2002. Motion carried unanimously. (Trude absent) OTHER BUSINESS Mr. Rudnicki explained his position on the monument sign located on Ibis Street. He is proposing to make changes to the sign to make it more visible. Before making any changes to the sign he would like the EDA to release their rights to the sign. Mr. Neumeister stated the EDA owns half the sign, since they paid for half. © The number of sign spaces was discussed. Commissioner Jacobson asked Mr. Rudnicki if he is asking for temporary use of the sign. Mr. Rudnicki replied no, he is looking for permanent sign usage. Andover Economic Development Authority Meeting Minutes — April 21, 2009 Page 4 Mr. Dickinson stated one thing for the EDA to keep in mind; they are the developers of the area. President Gamache asked for a formal documentation to be put together and brought back to a future meeting. Motion by Jacobson, Seconded by Bukkila to adjourn. Motion carried unanimously. The meeting adjourned at 6:59 p.m. Respectfully submitted, t Michelle Hartner, Recording Secretary