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HomeMy WebLinkAboutEDA - October 19, 2010 , 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 October 19,2010 6:00 p.m. Conference Rooms A & B 1. Call to Order - 6:00 p.m. 2. Approval of Minutes (9/21/10 Regular) 3. Consider Dog Park Request/Andover Station North/l 0-23 4. Purchase/Option Agreement Review (Dynamic Sealing Technologies) 5. EDA Activity - Project Status Report 6. TIF Districts 1-1 & 1-2 Cash Flow & EDA Budget Updates 7. Discuss Parkside at Andover Station Options - Verbal 8. Other Business 9. Adjournment @ 1685 CROSSTOWN BOULEVARD N.W. . ANDOVER, MINNESOTA 55304. (763) 755-5100 FAX (763) 755-8923 . WWW.CI.ANDOVER.MN.US TO: Economic Development Authority FROM: Jim Dickinson, Executive Director SUBJECT: Approval of Minutes DATE: October 19, 2010 INTRODUCTION The following minutes were provided by TimeSaver for EDA approval: September 21,2010 Regular Meeting DISCUSSION The minutes are attached for your review. ACTION REOUIRED The EDA is requested to approve the above minutes. ,~y submitt'd, & \ " , :-..... (r D' k' . '. 1m 1C mson 'Eiecutive Director Attach: Minutes 1 2 3 4 5 ANDOVER ECONOMIC DEVELOPMENT AUTHORITY MEETING 6 SEPTEMBER 21, 2010 - MINUTES 7 8 9 A Meeting ofthe Andover Economic Development Authority was called to order by President Mike 10 Gamache, September 21,2010,6:00 p.m., at the Andover City Hall, 1685 Crosstown Boulevard 11 NW, Andover, Minnesota. 12 13 Present: Commissioners Sheri Bukkila, Don Jacobson, Mike Knight, Julie 14 Trude, and Joyce Twistol 15 Absent: Commissioner Robert Nowak 16 Also present: Executive Director, Jim Dickinson 17 Director of Public Works/City Engineer, Dave Berkowitz 18 Community Developer Director, Will Neumeister 19 20 21 22 23 APPRO V AL OF MINUTES 24 25 August 17, 2010 Regular Meeting: Correct as written. 26 27 Motion by Trude, Seconded by Bukkila, approval of the minutes as written. Motion carried 28 unanimously. 29 30 PROJECT STATUS REPORT 31 32 Mr. Dickinson gave an update on the following: 33 34 Kwik Trip Motor Fuel/Convenience Store/Car Wash - The building is under construction. 35 Kwik Trip plans to open before Christmas. The Bunker Lake Boulevard frontage road, Jay Street 36 realignment and median projects came in under the estimate. 37 38 2010 Special EDA Events - The EDA received one thank you letter from an Andover business 39 regarding the Twins tickets. The EDA concurred, no Twins event in 2011. There was very 40 positive feedback regarding the golf event. EDA directed staff to look at both Green Haven and 41 The Refuge golf courses for the 2011 golf event. 42 43 Music at Andover Station Pergola - The EDA would like 2-3 music events held at Andover 44 Station in 2011. Commissioner Knight suggested one of the events has music from the high 45 school. Commissioner Jacobson requested having a different style of music for each event. The 46 EDA agreed. 47 48 Community Signs - Mr. Dickinson reviewed the monument sign options with the EDA. The Andover Economic Development Authority Meeting Minutes -September 21, 2010 Page 2 1 EDA directed staff to get a cost estimate on the "Village Park" sign example in the brochure and 2 they indicated they would like 4-5 signs for the City. 3 4 Mr. Dickinson indicated staff continues to work on the quotes for LED message board signs. 5 Commissioner Jacobson stated he would like to see a message board sign at Crosstown and 6 Bunker Lake Boulevards. 7 8 Mr. Dickinson indicated the cost for the signs would be paid from the EDA fund, not the TIF 9 project fund. 10 11 Andover Station Maintenance - One more weeding of the median by Prairie Restorations Inc. is 12 scheduled for October. 13 14 SENIOR HOUSING DISCUSSION 15 16 Mr. Dickinson indicated a senior housing proposal was brought forward by a local developer. 17 The developer feels he needs to sell the property that is planned to have two 60 unit buildings on 18 it. The sale of the property would allow the developer completion of one 30 unit building on a 19 different parcel. 20 21 Mr. Dickinson reviewed the typical process the Anoka County Housing and Redevelopment 22 Authority (ACHRA) uses when developing senior housing. The City would need to approach the 23 County and the County requires that a housing study be done. 24 25 Mr. Dickinson stated the developer indicated there are a few outside organizations that may be 26 interested in property. 27 28 Mr. Dickinson had 4 questions for the EDA: 29 30 1. Is the EDA interested in a senior housing study? The EDA indicated no. 31 2. Is the EDA interested in starting dialogue with ACHRA? The EDA indicated no. 32 3. Is the EDA interested in a tour of an ACHRA senior housing facility? The EDA indicated no. 33 4. Should staff continue to pursue this topic? The EDA indicated staff could pursue but with 34 limited involvement. Commissioner Trude suggested staff gather information regarding a self 35 supporting co-op facility. 36 37 TIF DISTRICTS & EDA BUDGET UPDATE 38 39 Mr. Dickinson indicated there would be modifications to the budget if monument signs are 40 authorized. 41 42 Mr. Dickinson reviewed the Cash Flow Analysis. 43 44 Commissioner Trude suggested a "visioning" workshop to brain storm for ideas before the end of ------- Andover Economic Development Authority Meeting Minutes -September 21,2010 Page 3 1 the year. The EDA agreed. 2 3 4 OTHER BUSINESS 5 6 There was none. 7 8 Motion by Jacobson, Seconded by Trude, to adjourn. Motion carried unanimously. The meeting 9 adjourned at 6:58 p.m. 10 11 Respectfully submitted, 12 13 14 Michelle Hartner, Recording Secretary @ 1685 CROSSTOWN BOULEVARD N.W. . ANDOVER, MINNESOTA 55304 . (763) 755-5100 FAX (763) 755-8923 . WWW.CI.ANDOV'l .MN.US TO: President and EDA Commissioners \. . "',,', CC: Jim Dickinson, City Administrator / Finance Director'<'~ '~ David D. Berkowitz, City Engineer/Director of Public Wo il::i\:! FROM: Todd J. Haas, Assistant Public Works Director SUBJECT: Consider Dog Park Request/Andover Station North/lO-23 - Engineering DATE: October 19, 2010 INTRODUCTION The EDA is requested to consider Andover Station North Ball Field Complex as the location of the dog park as recommended by both the Park Commission and the City Council. DISCUSSION The Park and Recreation Commission over the past few months have been exploring the idea and the location of a dog park at the request of Jen and Rob Frisby. Recently the Park Commission met with the City Council to discuss 4 possible locations. The 4 locations that were considered were as follows: . City Hall/Public Works in the wooded area west of playground (also known as Purple Park) . Andover Station North Ball Field Facility . Eveland Fields . Fox Meadows Park After a short discussion between the Park Commission and City Council, the Council is recommending Andover Station North (ASN) Ball Field Facility for location ofthe dog park. Since ASN Ball Field Facility is owned by the EDA, it will be necessary to receive approval from the EDA to have a dog park located there. The dog park for the most part would be located between the outfield fences and the WDE Landfill site (see attached drawing). Just so the Commissioners know, there is a web site (http://andoverdogpark.comJ) which has drawn a lot of interest which resulted in the creation of a Dog Park Committee. BUDGET IMPACT Any improvements that are planned to be made (fence, signing restoration, garbage cans, picnic tables etc.) would be funded by donations. The details as to who will construct the fence will be determined at a later date once adequate donations have been made. Page 1 President and Commission Members October 19,2010 Page 2 of2 ACTION REOUIRED The EDA is requested to approve the location of the dog park within the ASN Ball Field Facility property. Respectfully submitted, ~/~ Todd 1. Haas Cc: Jen and Rob Frisby, AndoverDogPark.com (copy sent bye-mail) Enclosures: Map of Andover Station North z ~ ~ ~ . Vi I I f- Z W '" '!i 0 '" a. ;; @ 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 Direct FROM: Will Neumeister, Director of Community Development ~~ SUBJECT: Purchase/Option Agreement Review (Dynamic Sealing Technologies) DATE: October 19, 2010 INTRODUCTION The City Attorney and staff have prepared the "draft" of the purchase and option agreements for the land sale to Dynamic Sealing Technologies for a third lot (see attached). DISCUSSION The EDA is asked to review the details and decide if they are agreeable to the deal points and dates in these two documents. Please note the second page which is an email from Jeff Meister explains some of what he would like the EDA to consider when they decide on the final purchase price of the third lot. This will open the dialogue between the EDA and Jeff Meister. The attached purchase agreement was prepared to be in line with previous prices in the other lot option/purchase agreement. Attached is booklet from Dynamic Sealing Technologies that explains who they are, what they are planning for their future in Andover and requests the EDA review this information in their . deliberations on the land pricing. ACTION REOUESTED The EDA is asked to review the proposed language in the purchase and option agreements and make any changes that are needed. Respectfully submitted, Will Neumeister ~ Attachments Email from Jeff Meister Option Agreement Purchase Agreement Site Drawing *Booklet from Dynamic Sealing Technologies Cc: Jeff Meister, Dynamic Sealing Technologies, 13829 Jay St. NW, Andover, MN 55304 - --.-,.- From: Jeff Meister [mailto:jeff,meister@dsti.com] Sent: Thursday, October 07, 20106:20 PM To: Will Neumeister Cc: James Dickinson; John Knoll; Scott Ilstrup Subject: RE: Please Review (lot option & purchase agreement) Hello Will, I think everything is pretty close. I would think it is good enough to get the EDA informed with the side note that we are still looking into the exact square footage of this lot, easement reductions and some consideration for DST agreeing to purchase these 2 lots together. Also need to research the possible soil corrections that may be needed and kick off work on that. Attached is our latest site plan to also share. Also assure to all that the exteriors and curb appeal will be same or better that our current building and landscaping. Other points for the EDA to consider when deciding on our combined lot purchase proposal: - DSTI currently employs 47 in the current building, bringing consumer revenue to this area every day. Many employees will relocate to this area due to DSTI employment. 0 There are a few employees that have already moved to Andover. DSTI is strong growing business that can be expected to be around for many years to come. - DSTI is a quiet, clean operation that has good relations with all neighbors and the community. - Tax base for these properties will be optimized with our proposed usage. DSTI is looking to close on the next (or both) properties before year end. Let me know if you need anything more from us to help you inform the EDA. Thanks Jeff Meister ieff.meister@dsti.com Dynamic Sealing Technologies, Inc. 13829 Jay Street NW Andover, MN 55304 Direct: 763-404-8040 Main: 763-786-3758 ~ ~ . OPTION AGREEMENT THIS OPTION AGREEMENT is made and entered into this _ day of , 2010, by and between Andover Economic Development Authority, a body corporate and politic, 1685 Crosstown Boulevard N.W., Andover, MN 55304 (hereinafter referred to as "Seller"), and DST Properties, LLC, a Minnesota limited liability company, 13941 Lincoln Street N.E., Suite 100, Ham Lake, MN 55304 (hereinafter referred to as "Buyer"). WHEREAS, Seller is the owner of real property described as: OPTION PROPERTY: That part of Lot 2, Block 3, ANDOVER STATION NORTH, according to the recorded plat thereof, Anoka County, Minnesota, lying west of the east 35.00 feet thereof. Subject to easements of record. together with all hereditaments and appurtenances thereunto belonging or in any way appertaining (hereinafter called "Option Property"); and WHEREAS, Buyer desires to obtain and Seller desires to grant an Option to Purchase said Option Property. NOW, THEREFORE, in consideration of the below-described Option payments and other good and valuable consideration paid by Buyer to Seller, the receipt and sufficiency of which are hereby acknowledged, it is hereby agreed as follows: 1. Option. Seller hereby grants to Buyer the exclusive right and option to purchase the Option Property for the price and on the terms stated herein and as stated in the attached Purchase Agreement. All option consideration to be paid under this agreement shall be by certified check, cashier's check, or bank money order. 2. Exercise of Option. The option contained in this agreement, if exercised, shall be exercised by the execution and delivery of the attached Purchase Agreement as described below. 3. Price Adiustments for Eminent Domain Takinl!s, for Public Improvement Proiects. Between the date of this Option Agreement and the date upon which Buyer exercises the option, the purchase price is subject to increases or decreases according to the following: A. Eminent Domain. If any portion of the Option Property is taken in eminent domain proceedings, the price of the Option Property parcels affected by the eminent domain proceedings shall be reduced only by the actual net proceeds received by Seller in the eminent domain proceedings. For the purposes of this Agreement, "the actual net proceeds received by Seller in the eminent domain proceedings" shall mean the gross amount of the eminent domain award, whether by court order or stipulation of the parties, --3- ri . . less Seller's actual attorney's fees, court costs, appraiser's fees, surveyor's fees, and all other costs attributable to Seller's defense of an eminent domain proceeding. B. Special Assessments. If any portion of the Option Property is encumbered by special assessments for any public improvement project by any governmental entity or public utility having assessing powers, provided Seller has paid for the improvement to the Option Property made pursuant to the Development Agreement with the City of Andover, the price of the Option Property parcels affected by the public improvement project shall be increased by actual amount of the assessments which become levied, undeferred, and actually paid by Seller prior to Buyer's exercise of an option. Buyer is assuming all special assessments which are levied or pending as of the date of Buyer's exercise of an option, regardless of whether or not the special assessments have been certified for collection with real estate taxes. 4. Option Described. Subject to the term the price adjustments of paragraph 3 above, the option is as follows: Seller hereby grants to Buyer the exclusive right and option to purchase the Option Property for the price and on the terms stated herein and as stated in the attached Purchase Agreement. A. Exercise of Option. This Option, if not sooner exercised or extended, shall expire at 11:59 P.M. Central Time, on December 31, 2012. This Option shall be exercised by: (1) Buyer affixing its officer's signature to four original copies of the Purchase Agreement, and, (2) Delivering all four original copies of the Purchase Agreement to Seller together with Buyer's certified check as earnest money in the amount of $5,000.00. All option payments made pursuant to the terms below are not refundable in the event Buyer fails to exercise this Option. B. Option Consideration. As consideration for the grant ofthis Option, Buyer shall pay to Seller at time of execution hereof the sum of $10,000.00, which shall grant Buyer an option to purchase the Option Property for a period of eighteen (18) months from the execution hereof. Buyer shall be afforded one opportunity to extend its option to purchase the Option Property for an additional one year term upon paying to Seller an additional $10,000.00 not less than sixty (60) days prior to the expiration of the original option period. All Option payments made are not refundable, however, in the event the Option is exercised by Buyer, all Option considerations paid by Buyer shall be applied against the purchase price at the closing on the Option Property. 5. Restriction on Assie:nment. Buyer may not sell, assign, or convey its rights under this Option Agreement nor enter into any agreement to sell, assign, or convey its rights under this Option Agreement without the express written consent of Seller. Seller's consent may -4- ~ . be withheld for any reason. Buyer may not mortgage, hypothecate, pledge, or otherwise encumber its interest in this Option Agreement. 6. Restriction on Recordinl!. A Memorandum of the Option Agreement may be recorded in the office of the Anoka County Recorder. The Purchase Agreement attached to this Option Agreement shall not be recorded in the office of the Anoka County Recorder. In the event the Buyer does not invoke the Option by December 31,2012, Buyer agrees to execute a Quit Claim Deed (if requested by Seller) or other appropriate document to note it no longer has an interest in the Option Property. 7. Option Consideration and Title Warranties. All option consideration paid and received under the terms of this Option Agreement and extensions hereto is not refundable under the circumstance whereby Buyer exercises an option but fails to close on the purchase. Buyer has not examined a title insurance commitment to the Option Properties prior to entering into this Option Agreement and will not receive or review a title commitment on the Option Property until exercising the Option in accordance with the attached Purchase Agreement. In the event that a title matter occurs as of the date of closing on Buyer's purchase of any of the Option Properties, which title problem is unable to be timely resolved by Seller according to the terms of the purchase agreement's provisions for title remedies, then Buyer shall be entitled to a refund of the earnest money paid at the time that the option was exercised, and a refund of the option consideration. 8. Ril!ht of Entrv and Ril!ht of Possession. By this Option Agreement, Buyer does not acquire any right of possession of the property nor does Buyer acquire any right of entry, license, or easement. Seller will consent to a case-by-case right of entry for Buyer and/or Buyer's agents, surveyors, engineers, and site evaluators for testing, measuring, and evaluating purposes provided that the following conditions are met: A. There shall be no excavating or earth-moving and no tree removal. B. Buyer's independent contractors (surveyors, engineers, and site evaluators, etc.) shall, prior to entry on the land, deliver to Seller's attorney proof of independent contract with Buyer and a waiver of lien rights in a form satisfactory to Seller's attorney. Buyer agrees to indemnify and hold harmless Seller and the title to Seller's Option Properties from any and all liens, claims, liabilities or charges incurred or caused by Buyer's contracts with surveyors, engineers, and site evaluators, etc. ANDOVER ECONOMIC DST PROPERTIES, LLC DEVELOPMENT AUTHORITY By By Its Its -1- , PURCHASE AGREEMENT 1. PARTIES. This Purchase Agreement is made on ,2010, by and between Andover Economic Development Authority, a body corporate and politic, 1685 Crosstown Boulevard NW, Andover, Minnesota, (hereinafter referred to as "Seller") and DST Properties, LLC, a Minnesota limited liability company, 13941 Lincoln Street N.E., Suite 100, Ham Lake, MN 55304 (hereinafter referred to as "Buyer"). 2. OFFER/ACCEPTANCE. Buyer agrees to purchase and Seller agrees to sell real property legally described as follows: That part of Lot 2, Block 3, ANDOVER STATION NORTH, according to the recorded plat thereof, Anoka County, Minnesota, lying west ofthe east 35.00 feet thereof. Subject to easements of record. Seller reserves for itself, its successors and assigns a 50 foot easement over the South 50 feet of the East Half of Lot 1, Block 3, Andover Station North, Anoka County, Minnesota, for driveway and truck turnaround purposes. Said easement shall be for the benefit of Lot 3, Block 3, Andover Station North. 3. PURCHASE OF LOT WITH BUILDING OR VACANT LOT. (Check paragraph that pertains.) A. Buyer is purchasing the lot with an existing building. X B. Buyer is purchasing a vacant lot. 4. PRICE AND TERMS. The price for the real property included in this sale: Three Hundred Twenty-Four Thousand One Hundred Thirty and 60/100 Dollars ($324,130.60). This price includes $291,717.54 for land, and $32,413.06 for park dedication fees, which Buyer shall pay as follows: Earnest money of Five Thousand and no/100 Dollars ($5,000.00) by check, receipt of which is hereby acknowledged, and Three Hundred Ten Thousand Nine Hundred Seventy-Three and 80/100 Dollars ($319,130.60) cash on or before July 16,2011 DATE OF CLOSING. In the event that Buyer has not completed its due diligence within six months from the date of this Agreement as provided, said $5,000.00 shall become non-refundable to Buyer. The purchase price is based upon a site estimated to be 82,777 net square feet and 9,578 square feet of drainage and utility easement. Net square footage shall be determined by taking the gross square footage of the property described in paragraph 2 and deducting the existing utility easements located upon the Property. The price herein represents a per square foot price for the net area of$3.80 and $1.00 per square foot for the easement area. Said price includes the land price, park dedication fees and non-residential water area charges and assessments and sewer area charges and assessments. After a survey of the property is completed by the AEDA -t; as required in paragraph 8 herein and the actual gross square footage and net square footage are known, the price shall be adjusted to reflect the change in the area based upon the square foot price set out in this paragraph. 5. CONTINGENCIES. Buyer's obligations under this Purchase Agreement are contingent upon the following: (a) Seller shall permit Buyer, at Buyer's expense, to enter the Property to conduct investigations and testing and Buyer shall be completely satisfied with the environmental and soil conditions of the Property, as determined by Buyer in Buyer's sole discretion. (b) Buyer shall have obtained all zoning, land use, signage, watershed, environmental and other governmental approvals and permits Buyer shall deem necessary to use the Property in the manner contemplated by Buyer, including, but not limited to, a full building permit for a building conforming to Seller's design standards which Buyer determines can be built for a price acceptable to Buyer, all as determined by Buyer in Buyer's sole discretion. (c) Buyer shall have determined that the roads, easements, driveways, utilities, points of access and other infrastructure serving the Property will be adequate for Buyer's purposes, as determined by Buyer in Buyer's sole discretion. (d) On or before the Closing Date, Title shall have been found acceptable, in accordance with the requirements and terms of Sections 13 and 14 below. (e) Buyer, on or before the Closing Date, shall have received, reviewed and determined that it is satisfied with the matters disclosed by the survey of the Property. (f) The representations and warranties made by Seller in Section 9 shall be correct as of the Closing Date with the same force and effect as if such representations were made at such time. (g) Seller shall comply with the requirements and terms of Sections 21 below. In the event any of the above contingencies have not been satisfied or waived by Buyer on or before the date of closing, this Agreement shall be voidable at the option of the Buyer. 6. DEED/MARKET ABLE TITLE. Upon performance by Buyer, Seller shall execute and deliver a Warranty Deed conveying marketable title, subject to: A. Building and zoning laws, ordinances, state and federal regulations; B. Restrictions relating to use or improvement of the property without effective forfeiture provisions which do not interfere with Buyer's intended use of the property; ---1/ C. Reservation of any mineral rights by the State of Minnesota; D. Utility and drainage easements which do not interfere with Buyer's intended use of the property. E. Declaration of Covenants filed by the Andover Economic Development Authority. 7. REAL ESTATE TAXES AND SPECIAL ASSESSMENTS. Real estate taxes due and payable in and for the year of closing shall be prorated between Seller and Buyer on a calendar year basis to the actual DATE OF CLOSING. SELLER SHALL PAY on DATE OF CLOSING all special assessments for street, storm sewer, sanitary sewer, water main and water area charges and sewer area charges and any and all other special assessments against the Property levied and pending as of the date of closing. BUYER SHALL PAY real estate taxes due and payable in the year following closing and thereafter and any unpaid special assessments payable therewith and thereafter. Seller makes no representation concerning the amount of future real estate taxes or of future special assessments. 8. SELLER'S OBLIGATIONS. (a) Seller warrants that there has been no labor or material furnished to the property in the past 120 days for which payment has not been made. Seller warrants that there are no present violations of any restrictions relating to the use or improvement of the property. These warranties shall survive the delivery of the warranty deed. (b) Seller, at its sole cost and expense, shall deliver to Buyer and Title Company a survey (the "Survey") of the Property, prepared by a surveyor licensed in the State of Minnesota, dated subsequent to the date of this Agreement, certified in favor of Buyer, Buyer's nominee, if any, and the Title Company as having been prepared in accordance with the Minimum Standard Detail Requirements for Urban Class land title surveys jointly established by AL T A, ACSM and NSPS (as revised in 2005) and prepared in accordance with the accuracy standards prescribed therein, including Table A Items 1,2,3,4,6,8,9, 10, l1(b), 13, 16, 17 and 18 disclosing the state of facts existing on the date of such certification and showing and certifying the gross acreage and the Net Area of the Property. The Survey shall contain the surveyor's certification that the Property or any part thereof is not located within a wetland or an area that has been designated by the Federal Emergency Management Agency, the Army Corps of Engineers or any other governmental agency as having or being subject to special flood hazards or shall, in the alternative, identify and designate such areas and certify the gross acreage of such areas. ~S' (c) SELLER shall cause all sanitary sewer, water and storm drainage utilities to be constructed to the edge of the property at Seller's expense. Such obligation shall not include the sanitary sewer connection fee, sewer availability charge and water unit connection charges to be paid. Said charges shall be the responsibility of the Buyer. Seller shall cause all electric, gas, telephone and cable utilities to be constructed to the edge of the property at Seller's expense. 9. REPRESENTATIONS AND WARRANTIES OF SELLER. Seller represents and warrants to and covenants with Buyer that: (a) Seller is the owner of fee simple title to the Property and that Seller has the power and authority to enter into and perform the terms and conditions of this Agreement, and such performance will not conflict with or result in a breach of any of the terms, conditions or provisions of any agreement or instrument to which Seller is a party or by which it is bound, or constitute a default under any of the foregoing; this Agreement is valid, binding and enforceable against Seller in accordance with its terms. (b) Seller has not received any notice of and Seller is not aware of any violation of any law, municipal ordinance or other governmental requirement affecting the Property, including without limitation any notice of any fire, health, safety, building, pollution, environmental or zoning violation. (c) Seller has not received any written notice of any condemnation or eminent domain proceedings, or negotiations for purchase in lieu of condemnation, relating to the Property, or any portion thereof; and Seller has no actual knowledge that any condemnation or eminent domain proceedings have been commenced or threatened in connection with the Property, or any portion thereof. (d) (1) Except as disclosed by Seller to Buyer at Section 21 below, the Property (A) is not subject to any private or governmental lien or judicial or administrative notice, order or action relating to Hazardous Substances or environmental problems, impairments or liabilities with respect to the Property and (B) to Seller's knowledge, is not in, or with any applicable notice and/or lapse of time, and/or failure to take certain curative or remedial actions, will not be in violation of any Environmental Laws (as herein defined). (2) Seller shall not allow, prior to Closing, any Hazardous Substances to exist or be stored, generated, used, located, discharged, released, possessed, managed, processed or otherwise handled on the Property, and shall comply with all Environmental Laws affecting the Property . (3) Seller shall immediately notify Buyer should Seller become aware of (A) any Hazardous Substance or other environmental problem or liability with respect to the Property, (B) any lien, order, action or notice ofthe nature described in subparagraph (1) above, or (C) any litigation or threat of litigation relating to any alleged unauthorized release, discharge, generation, use, storage or processing of any Hazardous Substance or the existence of any , "1/ Hazardous Substance or other environmental contamination, liability or problem with respect to or arising out of or in connection with the Property. As used herein, "Hazardous Substances" means any matter giving rise to liability under the Resource Conservation and Recovery Act, 42 D.S.C. Section 6901 et seq., the Comprehensive Environmental Response, Compensation and Liability Act, 42 U.S.C. Sections 9601 et seq. (including the so-called "Superfund" amendments thereto), or other applicable, federal, state or local statute, law, ordinance, rule or regulation governing or pertaining to any hazardous substances, hazardous wastes, chemicals or other materials, including without limitation asbestos, polychlorinated biphenyls, radon, petroleum and any derivative thereof, or any common law theory based on nuisance or strict liability (all of the foregoing statutes, laws, ordinances, rules, regulations and common law theories being sometimes collectively hereinafter referred to as "Environmental Laws"). Anything in this Agreement to the contrary notwithstanding, it is expressly understood and agreed that Buyer does not assume or agree to be responsible for, and Seller hereby agrees to defend, indemnify and hold Buyer harmless from and against, any and all claims, obligations and liabilities and all costs, expenses and attorney's fees incurred, based upon or arising out of any obligation, liability, loss, damage or expense, of whatever kind or nature, contingent or otherwise, known or unknown, incurred under, or imposed by, any Environmental Laws arising out of the Property and of any act or omission by Seller or its employees or representatives prior to the Closing. (e) No litigation or proceedings are pending or, to Seller's knowledge, contemplated, threatened or anticipated, relating to the Property, or any portion thereof. (t) Seller has no knowledge of any unrecorded agreements, undertakings or restrictions which affect the Property. There are no tenants, persons or entities occupying any portion of the Property and no claim exists against any portion of the Property by reason of adverse possession or prescription. (g) To the Seller's knowledge (i) there is no obligation with respect to the Property for any assessment, annexation fee, payment, donation or the like, (other than general real estate taxes, sewer connection fee, sewer availability charge and water unit connection charge, which are required to be paid by the Buyer); (ii) there are no obligations in connection with the Property of any so-called "recapture agreement" involving refund for sewer extension, oversizing utility, lighting or like expense or charge for work or services done upon or relating to the Property or otherwise; and (iv) there is no unexecuted paving agreement or undertaking with any government agency respecting construction or any acceleration or de-acceleration lane, access, or street lighting. (h) To the best of Seller's knowledge, the Property is properly zoned for Buyer's intended use of the Property. -/l~ (i) Within twenty one (21) days of the date of this Purchase Agreement, Seller shall deliver to Buyer for Buyer's use and review of the Property, all background information and documents for the Property, including engineering reports, soils study reports and environmental studies or assessments in possession of seller. G) Seller represents and warrants that the Property is a buildable parcel without the need of any soil corrections and that Seller shall perform and/or pay for all soil corrections and environmental remediation to the Property, if required. This warranty shall survive Closing. If, prior to the Closing Date, Seller obtains knowledge of a fact or circumstance the existence of which would constitute a breach by Seller of its representations and warranties hereunder or would render any such representations and warranties materially untrue or incorrect, Seller shall promptly notify Buyer in writing of the same. Under said circumstances, and in addition to any other right or remedy that may be available to Buyer, Buyer, at its option, may terminate this Agreement without further liability by giving written notice thereof to Seller, in which event the earnest money shall promptly be returned to Buyer. All representations, warranties, covenants, indemnities and undertakings made herein shall be deemed remade as of Closing and shall be true and correct as of Closing and shall be deemed to be material and to have been relied upon by the parties, notwithstanding any investigation or other act of Buyer heretofore or hereafter made, and shall survive Closing and execution and delivery of the General Warranty Deed for a period of twenty-four (24) months after the Closing Date. 10. BUYER'S OBLIGATIONS. (a) BUYER shall construct a building upon the property which is in substantial conform,mce to the building identified in attached Exhibit A. Buyer's obligation shall survive the closing on this transaction. (b) Buyer acknowledges that it has had (and will have) an adequate opportunity to inspect the Property and, upon closing the transaction contemplated by this Agreement, shall be deemed to have accepted that Property in "AS IS" and "WHERE IS" condition with any and all faults, except as specifically provided in this Agreement. Seller hereby disclaims all warranties, whether oral or written, express or implied, as to the Property's merchantability, fitness for a particular purpose, condition, type, quantity or quality, except as specifically provided in this Agreement. 11. DISCLOSURE OF NOTICES. Seller has not received any notice from any governmental authority as to violation of any law, ordinance or regulation. If the property is subject to restrictive covenants, Seller has not received any notice from any person as to a breach of the covenants. r' //~ 12. POSSESSION. Seller shall deliver possession of the property not later than DATE OF CLOSING. 13. EXAMINATION OF TITLE. Seller shall, within a reasonable time after acceptance of this Agreement, furnish an Abstract of Title, or a Registered Property Abstract, certified to date to include proper searches covering bankruptcies, State and Federal judgments and liens. Buyer shall be allowed 30 business days after receipt for examination of title and making any objections, which shall be made in writing or deemed waived. 14. TITLE CORRECTIONS AND REMEDIES. Seller shall have 120 days from receipt of Buyer's written title objections to make title marketable. Upon receipt of Buyer's title objections, Seller shall, within ten (10) business days, notify Buyer of Seller's intention of make title marketable within the 120 day period. Liens or encumbrances for liquidated amounts which can be released by payment or escrow from proceeds of closing shall not delay the closing. Cure of the defects by Seller shall be reasonable, diligent, and prompt. Pending correction of title, all payments required herein and the closing shall be postponed. A. If notice is given and Seller makes title marketable, then upon presentation to Buyer and proposed lender of documentation establishing that title has been made marketable, and if not objected to in the same time and manner as the original title objections, the closing shall take place within ten (10) business days or on the scheduled closing date, whichever is later. B. If notice is given and Seller proceeds in good faith to make title marketable but the 120 day period expires without title being made marketable, Buyer may declare this Agreement null and void by notice to Seller, neither party shall be liable for damages hereunder to the other, and earnest money shall be refunded to Buyer. C. If Seller does not give notice of intention to make title marketable, or if notice is given but the 120 day period expires without title being made marketable due to Seller's failure to proceed in good faith, Buyer may seek, as permitted by law, anyone or more of the following: (1) Proceed to closing without waiver or merger in the deed of the objections to title and without waiver of any remedies, and may: (a) Seek damages, costs, and reasonable attorney's fees from Seller as permitted by law (damages under this subparagraph (a) shall be limited to the cost of curing objections to title, and consequential damages are excluded); or, (b) Undertake proceedings to correct the objections to title; (2) Rescission of this Purchase Agreement by notice as provided herein, in which case the Purchase Agreement shall be null and .At~ void and all earnest money paid hereunder shall be refunded to Buyer; (3) Damages from Seller including costs and reasonable attorney's fees, as permitted by law; (4) Specific performance within twelve months after such right of action arises. D. If title is marketable, or is made marketable as provided herein, and Buyer defaults in any of the agreements herein, Seller may elect either of the following options, as permitted by law: (1) Cancel this contract as provided by statute and retain all payments made hereunder as liquidated damages. The parties acknowledge their intention that any note given pursuant to this contract is a down payment note, and may be presented for payment notwithstanding cancellation. E. If title is marketable, or is made marketable as provided herein, and Seller defaults in any ofthe agreements herein, Buyer may, as permitted by law: (1) Seek damages from Seller including costs and reasonable attorneys' fees; (2) Seek specific performance within twelve months after such right of action arises. TIME IS OF THE ESSENCE FOR ALL PROVISIONS OF THIS CONTRACT. 15. NOTICES. All notices required herein shall be in writing and delivered personally or mailed to the address as shown at paragraph 1 above and, if mailed, are effective as of the date of mailing. 16. MINNESOTA LAW. This contract shall be governed by the laws of the State of Minnesota. 17. WELL AND FUEL TANK DISCLOSURE. Seller certifies that the Seller does not know of any fuel tanks or wells on the described real property. 18. INDIVIDUAL SEWAGE TREATMENT SYSTEM DISCLOSURE. Seller certifies that there is no individual sewage treatment system on or serving the property. -!J / 19. PAYMENT OF CLOSING COSTS. Each party will pay closing costs which are normally allocated of Buyers and Sellers in a real estate transaction. 20. PARK DEDICATION FEES. Seller shall be responsible for payment of all park and trail dedication fees due the City of Andover for development by Buyer ofthe Property. 21. HAZARDOUS WASTE ISSUE. Seller was the responsible party for a voluntary cleanup of an auto salvage yard previously located on the Property and other abutting property. Seller obtained a Limited No Further Action Determination Letter dated January 20, 2006, from the MPCA Voluntary Investigation and Cleanup Unit (VIe). As a condition of this Purchase Agreement, Seller shall provide Buyer with an environmental indemnification for the Property and will pay all costs, including reasonable attorney's fees, associated with any additional environmental remediation upon the Property for a period of two (2) years following the Date of Closing. Additionally, this Purchase Agreement is contingent upon Buyer, at Buyer's expense, obtaining a No Association Determination Letter from the MPCA VIC and a Construction Contingency Plan to be executed by Seller, Buyer and the MPCA, and compliance acknowledgement by the City of Andover engineer, contractor and excavating contractor. 22. CLOSING AGREEMENT. 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MN 55304 I www.dsti.com B.~""'..:::1;& .", Company II , Dynamic Sealing Technologies, Inc. (DSTI) is a leading supplier of DSTI was founded in January of 2002 by owner, Jeff Meister with the rotary union and RotaRingâ„¢ rotary union/electrical slip ring products, vision to grow as a leader in design and production of muitiple passage with customers worldwide. The company designs, manufactures rotating unions for multiple industries. The initial goal was to focus on and markets a full line of rotary union products and accessories that specialized multiple port rotary unions for application-specific use. This i enhance the performance of many types of specialty equipment. segment of the rotary union market was projected to have excellent I I DSTI's primary niche is offering specialized rotary union design and profit margins and a fast growing market with limited competition. In manufacturing services for specific applications where a standard addition to the specialized services, 3 main products lines of standard product cannot be utilized. rotary unions were designed and manufactured to target markets with general application needs. , f i ! main 763]86.3758 I toll free 866]00,3784 I 13829 Joy Street NW. Andover. MN 55304 I www.dstl.com e.~""~ -" Current FaciHty II ~ + 36.000 square foot facility + Climate control and security systems + Full CNC manufacturing and ERP quality management system + Large capacity and high precision machining centers + Assembly and testing department , + Complete engineering/ research and development department I + Responsive sales and support team + Extensive inventory of stock products for same-{lay shipping main 763.7S6,3758 I loll free 866.700,3784 I 13829 Jay street NW, Andover. MN 55304 I www.dsl1.com B.1l!""'~ _II I , Growth II DSTI has experienced significant employee 60 52 growth and retention overthe past 5 years. The 50 company has a specialized focus on recruiting <Jl , '" '" the right employees and providing excellent ~ 40 C. salary, benefits and an atmosphere where E I '" 30 - 0 individual professional growth is the foundation a; ~ 20 for company growth and continual improvement. E ; ::l Z 10 Continuing with expansion, DSTI is one of the 0 largest employers in the city and continually 2006 2007 2008 2009 2010 attracts employees who support the community of Andover. S 18.000.000 S 16,500,000 DSTl's business model provides strong S 16.000,000 opportunities for sustainable profitability, S 14.000,000 driven by robust growth trends, relatively little '" $12.000.000 sensitivity to economic cycles and limited ::l " investment requirements. ~ S 1 0,000.000 a:: S8.000.000 <Jl '" t5 S6,000.000 Since 2006. DSTI has recorded an average <I) S4,000.000 growth in sales revenue of 73% a year. $2.000.000 , SO 2006 2007 2008 2009 2010YE Est. ~ main 763]86,3758 I toll free 866]00,3784 I 13829 Jay street NW. Andover. MN 55304 I www.dsli.com B.~7"'I.::il'.&' .", - ~- - Project Focus II . \ Tomotherapy is a Madison, WI based medical device company that manufactures revolutionary cancer treatment systems. Conventional radiation therapy machines use 5-9 beam angles, and were developed for 2D and 3D conformal therapy. The Hi . Art Cancer Treatment Technology treatment system delivers radiation continuously from all angles around the patient. and features patented beam-shaping technology created specifically for IMRT. More beam angles, plus more precise beam modulation, creates dose distributions that conform to complex tumor shapes like never before. To facilitate this 360. rotation, they needed a DSTI rotary union to provide air to the beam plate control. Without the DSTl rotary union this 3600 treatment system would not be possible. 4 DTSI is proud to be the exclusive rotary union partner to a leading defense equipment "'.,:'~:~t;?<./.. company that manufactures the Light Weight Mine Roller system. This system is Advanced Military Safety I ::c~(~. V currently in use by thousands of US Troops In Iraq & Afganistan & has been directly .Jiij., credited wrth over 200 saved lives. The LWMR IS available In track-width configuration \ to provide vehicle self protection, and full-width configuration to prove a route for both the host vehicle and subsequent traffic. The LWMR is titled with on-board hydraulic power packs. which require a DSTI rotary union to transfer the hydraulic power to the system. ., DSTI is a leading provider of specialized hydraulic rotary unions used in commercial wind turbines worldwide. To give a smooth and consistent power output, Wind Turbine .. Generator (WTGs) manufacturers use hydraulics to position the "pitch" of the rotor . Wind Energy Innovation blade in such a way as to "remove" or "waste" the extra energy that is being created by excessive wind speed. DSTI rotary unions are a critical component in this demanding 24/7 application; allowing the turbines to become more efficient & rellabie. n Il!"'r I. main 763.7fJ6,3758 I loll free 866.700.3784 I 13829 Jay street NW. Andover. MN 55304 I www.d.tl.com .,. _ , ,':::i/I!1 CommunHy Benefrts II . Why is DSTI a desirable organization : for the community? DSTI provides a clean, quiet and efficient operation. DSTI empioyees over 50 workers that are drawn to the community each day and spend money in the community regularly. DSTl's current property is weli maintained and the building has an attractive exterior and appeai for the community. DSTl's property tax vaiue is higher than average which will generate more tax revenue for the community. DSTI's company growth wili benefit the community. Current growth wili suggest Phase 2 to start in the spring of 2011 and Property Facts: Phase 3 to be slated within the 5 years foliowing that. + Current Taxable Market Value: $2,401.200 DSTl's company business model and forecasting has proven to i be effective and accurate. At the time of purchasing the current + 2010 property taxes paid: $77,792.94 lot, The company predicted Phase 2 in year 3 and is currently on *Compare to adjacent funeral home that pays $31.069.06 schedule with a projected sales growth of over 300% for 2010. + Projected start of Phase 2 on Lot 3, Block 3: Spring 2011 *This is 3 years after initial build. Consistent with projections + Phase 2 building wili be slightly larger than the existing building *Willlikely double the current property tax revenue + Projected start of Phase 3 on Lot 2. Block 3: , Within 5 years foliowing completion of Phase 2 , + A commission was paid to Coldweli Banker Burnet on DSTI's initiai lot purchase * Agent fees will not be applied to proposed sale main 763.786,3758 I toli free 866.700,3784 I 13829 Jay street NW, Andover. MN 55304 I www.dsll.com BI!"'r~ _II ~ -~~ \ Proposal II . .. DST Properties, LLC on behalf of Dynamic Sealing Technologies, Inc. would like to present the following offer to the Andover Economic Development Authority: Exercise the current option on Lot 3, Block 3, Andover Station North. The price offered represents a per square foot price for the net square footage of $3.35 and $1.00 per square foot for the easement. Create a purchase agreement on Lot 2. Block 3, Andover Station North. The price offered represents a per square foot price for the net square footage of $3.35 and $1.00 per square foot for the easement. DST Properties. LLC anticipates closing on the sale of both lots by the end of 2010. DST Properties. LLC will maintain both lots with turf and irrigation upon completion of Phase 2 development on Lot 3. Block 3. , main 763.786.3758 I 1011 tree 866.700,3784 I 13829 Jay Street NW. Andover. MN 55304 I www.dsti.com e~"'~ -'" c ~ I I I I I \ . I ! , , main 763]86,3758 I loll free 866]00.3784 I 13829 Jay street NW. Andover. MN 55304 I www.dsli.com S tr''I'''' '.::;i.& _II ~ . @ 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 Director FROM: Will Neumeister, Community Developmen SUBJECT: Project Status Report DATE: October 19, 2010 INTRODUCTION This memo provides a brief update of all development activities in the Andover Station area: Kwik Trip Motor FueVConvenience Store/Car Wash - Construction is progressing rapidly (see attached photo) and the store is projected to open December 17th. Community Signs - Quotes for the electronic (LED) signs were last reviewed with the EDA at the September 21 st meeting. The EDA wanted some revisions to the proposed sign and staff has obtained a new quote based on the desired changes (see attached). Also, the EDA discussed entrance monument signs and staff had the option on the words changed to meet the EDA's desired choice of "Welcome Home" (see attached drawing). Staff was also directed to obtain quotes for the stonework. The EDA is asked to discuss the signs further and provide staff direction. Also attached is a landscaping plan for the monument signs that was done with the assistance of ED A member, Joyce Twistol. Andover Station Maintenance - One more weeding of the median is being scheduled for after the first hard frost. The last mowing of the year was done on the vacant lots in Andover Station North. Fall 2011 Business Expo at Community Center - Cindy Ramsier has indicated she would like to have a North Metro Business Expo at the Community Center in September 2011. She would take the lead and pattern the show after the spring "Home Show". This would be an opportunity for local businesses to display their products and services. She believes based on inquiries from the past two home shows, that local businesses are looking for cost effective ways such as this to generate new clients. Lastly, the newsletter article for the next issue of Anoka Area Chamber of Commerce newsletter is attached. When looking back, this has been a very busy year for new business in Andover! ACTION REOUESTED The EDA is asked to discuss the various items listed above and provide staff direction. See reverse side for a summary of the sign costs. Respectfully submitted, t.vJ.- Will Neumeister Attachments: Kwik Trip Photo; Sign Quote (from AIM Electronics); Sign Drawings (from Openwood Studios); Quotes for stone/brick work; Landscaping Plan; Newsletter Article. Summary of Various Sign Costs Monument si2n (Openwood Studios).................One Sign $ 3,750 ..............Five Signs $15,900 Brickwork for monument sign......... One Sign $ 4,600 - $8,600 ......... Five Signs $20,500 - $39,000* *Depending upon the style of masonry support chosen the price will vary. Electronic message center sign....... ..One sided (single sign) $27,885 ....... ..Two sided (single sign) $37,684 Landscaoin2 of signs......................................... ...$2,000 each 2 Automated Industrial Maintenance ELECTRONICS inc. 7655 Washington Ave. So. Phone: 952-941-9830 Edina. MN 55439 Fax: 952-941-7139 Date: October 14, 2010 To: Will Neumeister, Community Development Director City of Andover From: Brian Grandstrand RE: DAKTRONICS OUTDOOR MESSAGE DISPLAY Thank you for the opportunity of presenting a proposal to you on the purchase and installation of city monument signs with a Daktronics outdoor message display for City of Andover. Per our meeting, I have attached a price quotation with two options on the model AF-3500-24x80-34mm-2V amber (LED) three line, single & double-sided message displays and custom 10 panel. The new LED technology is rated for 100,000 hours of minimal maintenance, has lower power consumption and greater visibility in direct sunlight. I have enclosed a specification sheet describing the features of this message displays. Daktronics is the national leader in designing and manufacturing 100% solid state message displays & scoreboards. You will find their products throughout the United States in cities, schools, park and recreation departments, universities and major sporting facilities. AIM Electronics, the area representative, provides sales, installation and local service, in addition to an excellent warranty policy and exchange program which minimizes the cost of any repair. I again thank you for the opportunity to present this information. If you have any questions, or need any additional information, please call me at 952-941-9830 ext. 29. BSG: ;:jA.>)J~~> Enclosures. Bloomer, WI Madison, WI Perham. MN 715-568-1288 608-827-5155 218-346-4194 Fax: 715-568-1287 Fax: 608-833-8433 Cell: 877-613-7627 Automated Industrial Maintenance ELECTRONICS inc. 7655 Washington Ave. So. Phone: 952-941-9830 Edina, MN 55439 Fax: 952-941-7139 City of Andover Monument Sign with Electronic Message Display Price Estimation October 14, 2010 DAKTRONICS SINGLE SIDED ELECTRONIC MESSAGE DISPLAYS Description Size Price 1. oaktronics model AF-3500-24x80-34-SF2V (LED-AMBER) 3'-4"H x 9'-5"W x 8"0 $10,764.00 three line, single sided message display, includes Venus 1500 software*, temp sensor and wireless communication kit. 2. Provide materials and labor to fabricate and install single 9'-6"H x 10'W x 24"0 14,390.00 face monument sign. Include illuminated 10 cabinet, frame work to incorporate electronic single sided message center, dig footing, set rebar in concrete reinforced base, sub electrical PVC out sign, pole with pole cover, finished aluminum back and mounting. Electrical provide by others. 3. Final hookup and Training- 950.00 4. Estimated Freight 310.00 Total $26,414.00 * Windows-based computer must be provided by customer. .. Includes 3 hrs on site Venus 1500 software training, installing communication kit, check out of system with final hook up. Electrical installation and WiFi subscription is responsibility of customer and electrical must be installed by licensed electrician. Maior Features Character heights 9"-32" Average Character per line 16 (2 line} Viewing distance 450' Options PE certified structural drawing if needed $800.00 Upgrade to full color message center $2000.00 Vandal covers TBo WiFi Communication kit $1400.00 Discount for installing two signs $600.00 per sign Other Information Warranty (5) Five year oakSilver manufacturer Lead time (45) forty-five days Terms: 30% with order, balance due net (30) thirty days Prices valid (60) sixty days and is Estimated pricing. Sign and building permits fees if necessary will be billed as cost extra. ($150.00 est.) Plices do not include MN State and City Sales Taxes. Design & specifications may not be used without permission from AIM Electronics and Spectrum Signs Systems. Bloomer, WI Madison, WI Perham, MN 7'15-$68-1288 608-827-5155 218-346-4194 Fax: 7'15-568-1287 Fax: 608-833-8433 Ceil: 877-613-7627 , Automated Industrial Maintenance ELECTRONICS inc. 7655 Washington Ave. So. Phone: 952-941-9830 Edina, MN 55439 Fax: 952-941-7139 City of Andover Monument Sign with Electronic Message Display Price Estimation October 14, 2010 DAKTRONICS DOUBLE SIDED ELECTRONIC MESSAGE DISPLAYS Description Size Price 1. Daktronics model AF-3500-24x80-34-2V (LED-AMBER) 3'-4"H x 9'-5"W x 24"0 $18,945.00 three line, double sided message display, includes Venus 1500 software"', temp sensor and wireless communication kit. 2. Provide materials and labor to fabricate and install double 9'-6"H x 1 O'W x 24"0 15,190.00 face monument sign. Include illuminated 10 cabinet, frame work to incorporate electronic double sided message center, dig footing, set rebar in concrete reinforced base, sub electrical PVC out sign, pole with pole cover and mounting. Electrical provide by others. 3. Final hookup and Training"'" 950.00 4. Estimated Freight 380.00 Total $35,465.00 '" Windows-based computer must be provided by customer. .'" Includes 3 hrs on site Venus 1500 software training, installing communication kit, check out of system with fim hook up. Electrical installation and WiFi subscription is responsibility of customer and electrical must be instal/ec by licensed electrician. Maior Features Character heights 9"-32" Average Character per line 16 (2 line) Viewing distance 450' Options PE certified structural drawing if needed $800.00 Upgrade to full color message center $4000.00 Vandal covers TBD WiFi Communication kit $1400.00 Discount for installing two signs $600.00 per sign Other Information Warranty (5) Five year DakSilver manufacturer Lead time (45) forty-five days Terms: 30% with order, balance due net (30) thirty days Prices valid (60) sixty days and is Estimated pricing. Sign and building permits fees if necessary will be billed as cost extra. ($150.00 est.) Prices do not include MN State and City Sales Taxes. Design & specifications may not be used without permission from AIM Electronics and Spectrum Signs Systems Bloomer, WI Madison, WI Perham, MN 715-568-1288 608-827-5155 218-346-4194 Fax: 715-568-1287 Fax: 608-833-8433 Cell: 877-613-7627 ~3~~ GAlAXY@ 34 MM MONOCHROME 3500 SERIES TECHNICAL SPECIFICATIONS :;ENUS1500' Character Height: MODEL SPECIFICATIONS 9" (7 pixel fon~ I Max. Max. Une Spacing: 51ng1e-be...... 5/ngle-face cabinet ~ '- line.! _ _ 34 (1 33") . Matrix -.......... I _. ght Cha_. Cha_ .....rac. .....- mm. center-kx:enter, SIze (H x W x D) i (H x W x D) ......ncI. (kgl Por Une Helght (Red) (Amborl 82 pixels per sq. ft. 8x48 1 '7" x S'IO' x S' I .47 x 1.78 x .20 SO (371 1 /9 9' - II' 240 260 Calor Capability: 8x64 I '7' x 7'S' x S' . .47 x 2.32 x .20 100 (461, 1 / 12 9" - II" 260 290 4,096 Shades 8x80 1'7'x9'S'xS' .47x2.86x.20 120 (SS) 1/16 19'-11" 320 360 LEDsperPixel: 8x96 1'7"xll'2'xS' I .47x3.40x.20 140 (641 1/19 19".11' 370 420 1 Red or 2 Amber 8x112 1'7' x 13'0' x S' .47 x 3.94 x .20 170 /781 1 /22 19'.11' 400 450 Maximum Brightness: 8x 128 I '7' x 14'9" x S' i .47 x 4.48 x .20 190 (871 1 / 2S I 9' . 11 " 420 480 Monochrome Red: 4,500 nils 8xl44 1'7'xI6'6'x8', .47xS.02x.20 210 (96) 1/29 '9".11' 480 S40 Monochrome Amber: 5,500 nits 8xl6O 1'7' x 18'3' x8' .47 xS.57x .20 230 10S1 1/32 19'.11' 470 540 EstimatedLEDUfetime: 8x176 1'7'x20'I"x8' .47x6.11x.20 2S0 114) 1/35 '9'.11" S60 640 100 000+ hours 8x192 1'7' x 21'10" x 8' .47 x 6.65 x .20 280 128) 1 /38 19" - 11" 520 610 Y~ngAngle: 8x208 1'7"x23'7'x8' .47x7.19x.20 300 137) 1/41 '9".11" 610 700 90 degrees horizontal x 8x224 1 '7' x 2S'S' x 8' .47 x 7.73 x .20 320 146) 1 /44 9' . II' 630 730 dr' I 8x240 1'7' x 27'2' x 8" .47 x 8.27 x .20 340 155) I /48 9'. II' 620 730 40 eg?esverhca, 8x2S6 1'7'x2S'I1'x8" .47 x 8.81 x.20 370 168} I/Sl 9'.11' 680 790 Readab"'tyAn~le, 16x48 2'S'xS'IO'x8' .70xl.78x.20 120 5~ 2/9 9'.21' 310 360 120 degress ho.nzontal x 16x64 2'S' x 7'8' x 8' .70 x 2.32 x .20 160 73 2/ 12 9' - 21' 360 420 50 degress vertical 16x80 2'S' x 9'S' x 8" .70 x 2.86 x .20 190 8 2/16 9' - 21' 440 S10 CantrastEnhancement: 16x96 2'S" x l1'2"x8" .70x3.40x.20 230 (1 OS 2/19 9".21' S20 610 Non-rellectiveblocklouvers 16xI122'S"xI3'O'x8" .70x3.94x.20 260(118 2/229".21" 570 670 Cabinet Configuration: 16x128 2'5"xI4'9"x8" .70x4.48x.20 300(137 2/25 9'-21" 620 730 Front-ventilated single cabinet 16x144 2'5" x 16'6" x 8" .70 x 5.02 x .20 330 (1501 2/29 19'.21' 700 830 Graphic Capabt1ity: 16xl60 2'S' x 18'3' x 8' .70 XS.S7 x .20 370 (1681 2/32 19'.21" 780 920 Text,graphics, logos, bosicanimotion, 16xl76 2'S'x20'I'x8' .70 x 6.11 x.20 400(1821 2/35 9'.21' 830 980 multiple font styles and sizes 16xl92 2'S' x 21 '10' x 8' .70 x 6.65 x .20 440 (200) 2/38 9' - 21' 870 1,0SO Control Software: 16x208 2'S" x 23'7" x 8' .70 x 7.19 x .20 470 (2141 2/41 9" - 21' 950 1,140 Venus~ 1500 16x224 2'S' x 25'S' x 8" .70 x 7.73 x .20 SLOJ~ 2/44 9" .21' 1,030 1,230 Power: 16x240 2'S'x27'2'x8" .70x8.27x.20 S4O(24SI 2/48 9"-21' 1,080 1,300 120/240 VAC single phose; 16x2S6 2'S' x 28'11' x8' .70x8.81 x .20 S80 (2641 2/ SI 9' -21" 1,130 1,360 240 VAC options 24x48 3'4' x S'10' x 8' 1.01 x 1.78 x .20 160 (73) 3 /9 9'.32" 420 480 Display Dimming' 240064 3'4' x 7'8" x 8' 1.01 x 2.32 x .20 210 (96) 3/12 9".32" 490 S80 : -., 24x80 3'4" x 9'S' x 8' 1 1.0lx 2.86 x .20 260 (1 18 3/16 9".32" 590 700 ~ 64level~ (a~tomatic ~r manual control) 24x96 3'4' x 11 '2' x 8" 1.01 x 3.40 x .20 310 (141 3/ 19 9". ~2" 100 ~~u ~munlCatiOn.Options:. 24x112 3'4"xI3'O"x8" 1.01x3.94x.20 350(159 3/22 9".32" 770 920 Wire Ethernet, F,ber Ethernet, Wireless 24xl28 3'4' x 14'9' x 8" 1.01 x 4.48 x .20 400 1821 3/25 9'.32' 840 1,020 Ethernet Bridge, WiFi Ethernet 24x144 3'4' x 16'6' x 8' 1.01 x5.02x .20 450 2051 3/29 9".32' 950 1,140 Camp/iancelnfonnation: 2400160 3'4"xlS'3'x8' 1.0IxS.S7x.20 SOO 2271 3/32 9".32" 1,020 1,240 ULand ULc Usted 24x176 3'4"x20'I"x8" I.01x6.11x.20 S502S01 3/3S 9".32" 1,090 1,330 24xl92 3'4"x21'10"x8" 1.01 x6.65x.20 590 268 3/38 9".32' 1,200 1460 DISPLAY CONFIGURATIONS 24x208 3'4" x 23'7' x 8' 1.01 x 7.19 x .20 640 291 3/41 9' - 32' 1,300 I,S80 Canbeardered ~ ~ ~ 24x224 3'4"x2S'S"x8" 1.01x7.73x.20 690 313 3/44 9"-32' 1,400 1,710 in singl...lace (SF) 2400240 3'4'x27'2'x8' 1.01x8.27x.20 740 336 3/48 9'.32" 1,480 1,800 orrwo.view(2V) 24x256 3'4'x28'l1'x8' 1.01x8.81x.20 790359 3/51 9".32' 1,580 1,930 configurations. SF 2V available in avoilable in DF all sizes 011 sizes CM:JT~ble MODEL NUMBER GUIDE AF - 3500 -16 X 48 - 34 - R - 2V A=Malrixrries IlineslCoI"mn1line ~ed orlsingle F=lED N"mber High Wide Spacing mbor Foce or Outdoor LEDs Two View 201 Oaklronlcs Drive PO Box 5128 Brooking., SO 57006-5128 tel800,'l25-7446 6O~92.Q200 exl56219 lax 605-692.Q381 www.daktronics.com emoil salesOdakrronics.com DAKTRO N I c: S 001389721 RevOO 072308 Page 1012 2' 2' z 0 Z ~VN ~ .,. -,; Uhf 0 - "li z . ! en ~.,. ~~' i~ g ~as~ "'0 1 . ._ t:t() ,:. ~'" Ci. ~ :t E.'" '" J ~ ~ lil ,g L.~3:1D '" ~en .~~]i~ i~~~K , E ~ ~ *tn " Sen :; e,g <:0"<: Eve 8 '" U~ ~~~ ~ to ' . .. 2 ~ - . , ~ '" K 0 mZ .., ." ~-e: '0":; ~ -,;;:;;:;;@ W'" *~~ il' L 0: 0'<) IS'lZ '" ~2' 0 ffi~ ~~oi~ ~~]5~ '" 0.. ~ ;:!: ~ ~ ~ _ ~z 22 " ~ GO 0 .5 <=0 I.: U" N ...] "~P'~B. ., 11)0 "iJ~ " - 4- 3: l!) ~ ., ., ~ Z .::.t. l? E :> .... g,tj >."'.<:: .. E 3~ ~ C 0 no;:) 0 ~ .~ ~ 6 ." 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I "" ,I; " r I ,I; 0 ,., ~ , '" "" , ~ "" '" J L co ~ on II .". CO ~ '" U) 'tl on ., a::z <D Qj C <D "a? W:;E Ol 'tl ;; > . iii iii c-'" " 0'" 00 '" Q~ (I) (I) U5ci1 zo (.) C, ~ ffi <'tl lij C C ... iii ~:2 :5< E , .s :; 0 W l/) 0 t U(!) ~ ~ 1 '" (3 (3 '" .s 0 , '" .... .s t co I , '" -. .". /" ./-,. /" ./ / co ;.. on II .". 1 co '" on " Qj U) '2 "ai- 0; a::z c-'" " C 00 '" w:!: Ol 'tl 1i)" > . iii iii "o:l 0'- (I) " c Q~ (I) C, ~ " zo (.) "" c C .:t:=o <'tl E iii c "(!) c :5< E .- t , 0 w l/) ~ ~ t '" '" 0 (3 .s '" '" .s .... 0 , '" .... .s t co , I '" .". Openwood /~ {<:.- A_ \~ ;}~_. ~f\ Studios Inc. Proposal Submitted To: Phone Fax CITY OF ANDOVER, MN 763-767 -5140 Address Project 1685 CROSSTOWN BLVD. NW CITY ENTRANCE SIGNS City/State/Zip Project Location ANDOVER, MN 55304 Openwood Studios Inc., proposes to furnish materials and labor - complete in accordance with specifications below for the sum of: 50% Down Payment. All accounts are due and payable in ten (10) days following date of invoice. Rnance charge of 1.5% per month, which is an annual percentage rate of 18% charge on all past due accounts. This proposal may be withdrawn by Openwood Studios Inc., jf not accepted within 30 days. Authorized Signature OPTION 1 1- CITY IDENTIFICATION SIGNS TO" X 3'0" X 2x CLEAR CEDAR SINGLE SIDED $ 2,625.00 POSTS & HARDWARE 410.00 CRATING & SHIPPING 485.00 OPTION 2 5- CITY IDENTIFICATION SIGNS TO" X 3'0" X 2x CLEAR CEDAR SINGLE SIDED 12,125.00 POSTS & HARDWARE 1,925.00 Delivery 945.00 Sign installation by the City of Andover. The above prices represent general guildlines used by Openwood Studios SUBTOTAL for budget purposes only. All sign designs are subject to final quotation. TAX Please allow 3-5 weeks for delivery. TOTAL 50% down payment required to begin production. DOWN PAYMENT NET 10 DAYS Acceptance of proposal: The above prices, specifications and conditions are satisfactory and are hereby accepted. Openwood Studios Inc., is authorized to do the work specified. Payment will be made as outlined above. Signature: Date: 6915 Raywood Road, Madison WI 53713 · 608/222-1842 · fax: 608/222-5838 email: info@openwood.com . online: www.openwood.com Will Neumeister From: Kaj Reiter [kaj@leroysigns.com] Sent: Friday, October 15, 2010 9:26 AM To: Will Neumeister Subject: FW: TRY #2 SIGN QUOTE ON BRICK AND STONE Attachments: 20101001105251608.pdf; City Entrance Stone2.pdf Will Per your request STONE STRUCTURE Two vertical piers only i-unit $5,800.00 (Includes installation of signage shipped to LSI) 5-units $26,500.00 (Includes installation of sign age shipped to LSI) BRICK STRUCTURE Two vertical piers only i-unit $4,600.00 (Includes installation of signage shipped to LSI) 5-units $20,500.00 (Includes installation of sign age shipped to LSI) BRICK STRUCTURE Two vertical piers i-unit $6,500.00 (Includes installation of signage shipped to LSI) 5-units (Includes installation of signage shipped to LSI) STONE STRUCTURE Single vertical pier i-unit $7,850.00 (Includes installation of signage shipped to LSI) 5-units $35,800.00 (Includes installation of signage shipped to LSI) STONE STRUCTURE Two vertical piers i-unit $8,600.00 (Includes installation of signage shipped to LSI) 5-units $39,000.00 (Includes installation of signage shipped to LSI) Note: Sign provided by others & are not included in above price quotes Price based on doing before frost sets in ground, if winter conditions exist than there would be extra charges accordingly Please call if you have any questions Thanks Kaj 11./ Landscaping Plan for Monument Signs 5LAUt; Jo/'i'/ .fl/~ f ;'/ fl~ (fJ?lm~ Anoka Area Chamber - Newsletter Article Andover New Business Update This past year, fifteen new businesses have opened or are planning to open in Andover, including: 1. Computer Whatever Owner: Kelly Casey - (612) 221-8221; Email: casev@cwfixit.com Their specialty is corporate and residential computer support. 2. Thrive for Wellness Owner: LeAnn Beebe - (763) 434-6077; Email: LJBeebe@comcast.net They provide weight loss and nutritional products, weekly weight loss classes and fun challenges! They also offer one-on-one coaching, heart health and fitness products. 3. Essentials of Life Chiropractic Owner: Dr. Tony Lawther - (763) 413-6934 Located at 15190 Crosstown Blvd.; Email: dr.tonv@essentialsoflifechiropractic.com. They specialize in exercise, chiropractic care, stress relief, complimented by health classes on nutrition. 4. Two new restaurants opened - "China Bistro" (763) 413-9988 & "Beef O'Brady's" (763) 434-2700 and both are located in the Clocktower Commons at the NE comer of Hanson and Crosstown Blvds. (15190 Crosstown Blvd.) directly across the street from Andover City Hall. 5. $5 Pizza 13656 Crosstown Blvd. (763) 754-9999. They occupy the space where "Big Bite" pizza once was located. 6. Living Water Tree Service Owner: Walt and Suzie Witzke (763) 360-4855 waltonlee2@hotmail.com They specialize in tree pruning, removal, stump grinding and brush removal. 7. BluSkye Owner: Michele Asmussen (612) 702-9523 Email: michele@mvblueskve.com This company specializes in marketing and special events. 8. Glass Slipper Bridal Salon Owner: Pat Ferguson 13783 Ibis Street (763) 427-5600 www.glassslipperbridalsalon.com. They specialize in offering "plus size" bridal gowns and are located in the space between "Dancin' Feet" dance studio and "The Parlour" beauty salon at the Northpoint Plaza Shopping Center. 9. Mama Vallenti's Pizzaria Owner: Cory DeLuca 2244 Bunker Lake Blvd. (763) 862-2500. 10. Pappy's Cafe 13827 Round Lake Blvd. (763) 427-4840. They have a great menu of old fashioned home cooking that is very affordable. 11. Pal's Sports Cards Owner: Brian Barker 14025 Round Lake Blvd. (763) 427-4505 They specialize in new and vintage sports cards and memorabilia. 12. Mobile-Link Wireless (T-Mobile dealer) 2248 Bunker Lake Blvd. (612) 483-0900. 13. Energy Boost is moving in to 15246 Bluebird Street (next to Marathon Gas) across from the Community Center/YMCA. John Dallum is the owner. 14. Kwik Trip is under construction at the SE comer of Bunker Lake Blvd. and Jay Street, where Eddy's Auto Body once stood. They plan to be open by December 17, 2010, 15. Good Life Fitness is located at 13735 Round Lake Blvd. (763) 437-5566. They occupy a prime anchor spot in the "Downtown Shopping Center". Which is located at the NE comer of Bunker and Round Lake Blvds. As you can see commercial development in Andover is booming. It must be due to all the new home construction. Many new (vacant site) opportunities exist and the Andover Economic Development Authority wants your new business in Andover! If you are interested in locating a new commercial or light industrial site in Andover, please contact Will Neumeister at Andover City Hall (763) 767-5140. He would be happy to assist you in your search. @ 1685 CROSSTOWN BOULEVARD N.W.. ANDOVER, MINNESOTA 55304. (763) 755-5100 FAX (763) 755-8923 . WWW.CI.ANDOVER.MN.US TO: President and Commissioners FROM: Jim Dickinson, Executive Director SUBJECT: TIF District Financial Update & EDA Budget Discussion DATE: October 19, 2010 INTRODUCTION The EDA is requested to receive a Tax Increment Financing (TIF) District fmancial update and discuss the EDA Special Revenue Fund budget. DISCUSSION The Executive Director will use the attached documents as the basis for the TIF District fmancial update and to facilitate discussion on the EDA Special Revenue Fund budget: 1. Current TIF Cash Flow Analysis 2. EDA Special Revenue Fund Statement of Revenues, Expenditures and Changes in Fund Balance 3. Building Fund Capital Projects Fund Statement of Revenues, Expenditures and Changes in Fund Balance 4. EDA Special Revenue Fund Budget Worksheet for 2011 5. EDA Budget Detail Worksheet ACTION REOUESTED Receive a presentation and provide direction to staff. 0- tj V'l :::= ~ C ...r) T ~9:! MMNO......t---t--- t:, '-I OMMMCOI.OI.O ~ n (l. ~" 8~ ......oq~~cn_q O "\..J -~ k i ~.J!~,._ ., 0 - ............ CD 0 r--. M M CD .....---t- '" ~ ~<(co vCOO)Ml.Ovv ~ ..~ --__ ""'" "'-occ M_qq~C'1l.O_Ul LO ~~, _~. Q)..c V M ...... ...... ...... ...... ...... :!:::.~, fJ} 0-:' 'e~ ~ <:,:-,...4' 7).Q 0 ~ -- V. a. U <I> ~ '_-<::" - ""'0 <0 \.I, .-;:: i X-(\:> 0 -I ~~ ~ i-_~;" -.. ~~ 0' ~ g fe -""" ~ <L.s- r. ~ -:c f-LL.~ ~~ "!. '9 --;-' ~ ~-i:: 0.... ro p-- .=11 ~__..-- _ ~""'Q) ('\Jv (() -(':J.r ~ f _ ~ECJ) qt---_ 1"--- Q) P :;. 0 ~ -' (/)0..... C\I...... 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[CIJ'Q.o ~~.... c z ::s Q)>.~I-....~ 15 '0 )(:5coJ-...g{ '0 ::s l.L. a:::.E::2: 01- I- I- wOo 00 I- l.L. -t...\ - CITY OF ANDOVER Budget Worksheet. 2011 EDA 2Il(J..46500 Account Actual Actual Actual Actual Actual Budget Estimate Requested Number Description 2005 2006 2007 2008 2009 2010 2010 2011 Charges for Services 54370 Tax Increment Administration F 127,507 155,250 162,553 173,096 181,416 180,000 192.000 165,400 Charges for Services 127,507 155,250 162,553 173,096 181,416 180,000 192,000 165,400 Investment Income 56910 Interest Earned 2,730 6,635 8,174 14,670 7,959 6,000 6,000 6,000 56920 Valuation Adjustment 328 (1.374) 4,016 (1,283) 1,527 Investment Income 3,058 5,261 12,190 13,387 9,486 6,000 6,000 6,000 Miscellaneous Revenue 58100 Refunds & Reimbursements 13,595 14,770 11,253 1,693 2,487 Miscellaneous Revenue 13,595 14,770 11,253 1,693 2,487 Total Revenues 144,160 175,281 185,996 188,176 193,389 186,000 198,000 171.400 ~~ipen.dilur@~1i~~ Salaries & Benefits Salaries & Benefits 100,186 50,273 60,725 79.811 84,380 99,325 101,385 102,468 Departmental 61005 Supplies - General @ 884 62 493 802 1,021 2,000 2,000 2,000 61130 R & M Supplies - Landscape '4 14,929 13,226 11,226 4,093 10,000 61310 Meals I Lodging 386 396 700 700 700 61315 Continuing Education 250 250 250 100 1,500 1,500 1,500 61320 Annual Dues / Licenses 285 450 14,630 750 765 800 800 800 61405 Postage 620 585 784 319 1,061 1,000 1,000 1,000 61410 Transportation / Mileage 1,455 1,221 1,205 1,839 1,943 2,200 2,200 2,200 Departmental 18,809 16,190 28,588 7.903 4,790 8,200 8,200 18,200 Operating 62005 Electric 7,134 7,500 8,000 62100 Insurance 4,534 2,641 2,239 2,190 2,537 5,250 5,250 5,250 62200 Rentals 746 639 2,500 62210 Computer Services 1,500 1,500 1,500 1,545 1,600 1,600 1,600 1,600 Operating 6,780 4,780 3,739 3,735 11,271 6,850 16,850 14,850 Professional Services 63005 Professional Services CD 3,53Q 2,223 1,965 1,550 5.656 5,200 5,200 5,200 63010 Contractual Services 2,077 2,000 17,236 12.533 14,244 47,000 40,000 104,000 63015 Attorney 588 91 619 1,810 2,000 2,000 2,000 63025 Publishing 1,019 733 947 816 25 2,500 1,000 2,500 63100 R & M Labor - General 8,928 6,006 3,282 1,950 63200 Inspections 1,838 522 156 23 35 Professional Services 17,979 11,575 23,586 17,491 21,770 56,700 48,200 113,700 Other Financing Uses 67101 Operating Transfers Out Other Financing Uses Total Expenditures 143,753 82,818 116,638 108,940 122,211 171,075 174,635 249,218 Net Increase (Decrease) in FB 407 92,463 69,358 79,236 71,178 14,925 23,365 (77,818) Fund Balance Beginning 88,188 88,595 181,058 250,416 329,652 400,830 400,830 424,195 Ending 88,595 181,058 250,416 329,652 400,830 415,755 424,195 346,377 cD 'fY\.~ +t \." :\0 ~t\ 1 f" fA~ fe:, I' ) " ,.; ~()f \ ~ ('nl\ \t I-'~. , ~t.. , ..\JJ ,. (\t ~("\,' ) .\Cl 4K..f -5 - 10/15/2010 City of Andover Budget Detail for all Object Codes (List each expense account individually with specific cost detail) Department f Cost Center: Economic Development - 2110 I .... > r< .<<> .< All1ountRequested...... . ~~ prioritY Ib~f:t .... 1>201()\\\<- ... < ....)911 > > .>J.\ \ I .. \ <~u"\ ........~JJ.._...... 1thrpugh5 I ........ ........ R",.,,,,,{ ........>....... .... ..... 1,high:5-16w 61005 SUPPLIES - GENERAL 2,000 2,000 0 0 0 0 0 0 0 0 1< 1.< < <Ce< .............2,000 <6 iii';';ii .< ....<< 61130 R & M SUPPLIES - LANDSCAPE 0 0 median expenditures 0 10,000 10,000 0 0 0 0 0 0 Ii Ii';:; io Ill.o(j(j < <lU,UUU < 61310 MEALS / LODGING 700 700 Special events participation - Staff/Commission 0 0 0 0 0 0 0 0 < IYciMI ii<... ........<i7ll0 iifi;< ........ <~ ~ 61315 CONTINUING EDUCATION 1,500 1,500 Training opportunities - Staff/Commission 0 0 0 0 0 0 0 0 < i .................. . < <<<<< .......... ......... ... .f. ........ ........ .........S7: ..< ..................<<...... 61320 ANNUAL DUES / LICENSES 800 800 0 0 0 0 0 0 0 ~ ii .ff f .......... f ....... < 800 <.u. 61405 POSTAGE 1,000 1,000 Newsletter Publication 0 0 0 0 0 0 0 0 ........< f f<......... < .....f<IQla 1,000 i(j .'((j(j& 1<.... 1<... 61410 TRANSPORTATION / PARKING 2,200 2,200 Staff/Commision Travel 0 0 Executive Director % allocation 0 0 0 0 0 0 Page I of3 - b- City of Andover Budget Detail for all Object Codes (List each expense account individually with specific cost detail) Department I Cost Center: Economic Development - 2110 .... .......> ....> An10untRequested I /fbtal .... ..F'ri.o.ri.ty.. ><. .... ..... / /> ..~~;~ '..2'.... ......1'011 > VU,,,v' ..... T ...... ................ . . "ulu.:U~F ...... I .... .1th. ro.. u. gl1..5 ................. ..... ...... ......... ......... .... ..............1 ~......... .... .... cideY>>/ U . ""', I>> 1-high :5,low ii/i<.... <....ii ...<<i Total ..i<.k~;;k/<illi2.200 ......<..~ 62005 ELECTRIC 0 8,000 8,000 Assoc cost sharing 0 0 o 0 o 0 o 0 i<.<</< .'.<<<<1gg,iJ I...... <iGi6&<ii<;;;;;;./. 62100 INSURANCE 5,250 5,250 Finance 0 0 o 0 o 0 o 0 <...<.........< <'<'<<TotaI15,25ll I <<ll< ~-7T 62210 COMPUTER SERVICES 1.600 1,600 Central system allocation - Server/emaillimaging/etc. 0 0 o 0 o 0 o 0 </ii<................T;;t~lliiii ...1:600 ..........<0 </. 63005 PROFESSIONAL SERVICES 3.500 3,500 Audit,LB 1,700 1.700 o 0 o 0 o 0 iiiTrii~lii.. .......S,2llD 1/0//".;""/.........<.<<... 63010 CONTRACTUAL SERVICES 1,000 1.000 Landscaping @AndoverStation - assoc membership 10,000 (8,000) 2,000 Beyond assoc. maintenance - ASN 20,000 20.000 Xfer from 61320 - Partnership opportunities 16,000 16.000 ~} Monument Entrance Signs 0 65,000 65,000 <.........<....................ii..</<< T61al ..... 47,000 Ii 57,DllO i<<i11<. 63015 ATTORNEY 2,000 2,000 o 0 o 0 o 0 o 0 1/......< Ii <<<....... <.<<< ..,01a, 2,000 ....<....<illii;;;;;;;;;~ 63025 PUBLISHING 2.500 2,500 Tax Increment Reporting 0 0 o 0 o 0 Page 2 of3 ._j._ City of Andover Budget Detail for all Object Codes (List each expense account individually with specific cost detail) Department I Cost Center: Economic Development - 2110 Priority tthrough$ -high\$,lqw Grand Total for all Expenditures $71,750 $75,000 $146,750 ~~~ Page 3 of3 ~~ - 1685 CROSSTOWN BOULEVARD N.W. . ANDOVER, MINNESOTA 55304. (763) 755-5100 FAX (763) 755-8923 . WWW.CI.ANDOVER.MN.US TO: EDA Members FROM: Jim Dickinson, City Administrator SUBJECT: Supplemental EDA Agenda Item for October 19,2010 EDA Meeting DATE: October 19, 2010 The EDA is requested to receive the following supplemental information. Item #5. EDA Activity - Project Status Report (Supplemental) @ P.M. GAGNON INC. CONCRETE & MASONRY 3825 197TH AVE. N.W. ANOKA, MN. 55304 CONTRACTORS LICENSE #2149 PROPOSAL DATE: = 10/17/10 PLAN. CITY ENTRANCE SIGN ESTIMATE FOR: CITY OF ANDOVER MINN. LABOR &. MAT. ELEVATION A Y EXCAVATION I FOOTINGS BLOCK WORK STONE CAPS & STONE VENEER = $4700.00 ELEVATION B -LIL EXCAVATION FOOTINGS BLOCK WORK STONE CAPS & STONE VENEER = $5,150.00 ELEVATION C EXCAVATION rul FOOTINGS BLOCK WORK STONE CAPS & STONE VENEER = $5,300.00 THANKS PAT GAGNON 612-685-2123 ;.. 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