HomeMy WebLinkAboutOctober 19, 2010
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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/10-23
0 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
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1685 CROSSTOWN BOULEVARD N.W. ' ANDOVER, MINNESOTA 55304 0 (763) 755-5100
FAX (763) 755-8923 0 WWW.CI.ANDOVER.MN.US
ANDOVER ECONOMIC DEVELOPMENT AUTHORITY MEETING
OCTOBERl~2mO-MINUTES
A Meeting of the Andover Economic Development Authority was called to order by President Mike
Gamache, October 19, 2010, 6:00 p.m., at the Andover City Hall, 1685 Crosstown Boulevard NW,
Andover, Minnesota.
Present: Commissioners Sheri Bukkila, Don Jacobson, Mike Knight, Julie
Trude, and Joyce Twistol
Absent: Commissioner Robert Nowak
Also present: . Executive Director, Jim Dickinson
Director of Public Works/City Engineer, Dave Berkowitz
Community Developer Director, Will Neumeister
0 APPROVAL OF MINUTES
September 21, 2010 Regular Meeting: Correct as written.
Motion by Jacobson, Seconded by Trude, approval of the minutes as written. Motion carried
unanimously.
CONSIDER DOG PARK REQUEST/ANDOVERSTATION NORTH/10-23
Mr. Dickinson reviewed the request from the Park Commission regarding a location for a dog
park in Andover and recommending Andover Station North Ball Field Facility. This
recommendation comes to the EDA since the EDA is the property owner of the facility.
Mr. Dickinson indicated the improvements Will be funded by donations. Commissioner
Jacobson indicated the donations need to cover fencing materials and installation.
Commissioner Twistol is concerned about the maintenance ofthe area identified and wondered if
it was suitable for dogs. Mr. Dickinson stated the area would need to be made suitable for the
use.
0 Motion by Jacobson, Seconded by Bukkila, to approve the use ofthe Andover Station North Ball
Field Facility as defined on the map as a dog park with fencing materials and installation funded
by private donations. Motion carried unanimously.
0 Andover Economic Development Authority Meeting
Minutes -October 19, 2010
Page 2
PURCHASE/OPTION AGREEMENT REVIEW (DYNAMIC SEALING TECHNOLOGIES)
Mr. Dickinson indicated Jeff Meister, owner of Dynamic Sealing Technologies submitted an
expansion proposal. Mr. Dickinson reviewed the proposal with the EDA. Mr. Meister is
proposing to purchase Lots 2 & 3, Block 3 Andover Station North. He would then combine them
into one parcel.
Commissioner Knight asked what Mr. Meister's timetable is for the expansion. Mr. Meister
indicated breaking ground on Phase II would be spring of2011 with Phase III within 5 years
following the completion of Phase II. Each phase would potentially add 50 new employees.
Mr. Dickinson recommends moving forward with the proposal in order to close by the end of the
year. The price proposed for the purchase is approximately ten percent less than the EDA offer
pnce.
Motion by Jacobson, Seconded by Knight approving staffto move forward with the preparation
of a purchase agreement between the EDA and Dynamic Sealing Technologies regarding the sale
of Lots 2 & 3, Block 3 Andover Station North.
0 Mr. Dickinson requested the scheduling of an EDA meeting to review approve the purchase
agreement. He suggested November 3rd to allow time to complete details to close by year end.
Motion by Trude, Seconded by Jacobson to schedule an EDA meeting November 3, 2010 at 6:30
p.m. Motion carried unanimously.
EDA ACTIVITY - PROJECT STATUS REPORT
Mr. Dickinson gave an update on the following:
Kwik Trip Motor Fuel/Convenience Store/Car Wash - Construction continues and the projected
opening is December 1 ih.
Community Signs - The EDA discussed putting two electronic message board signs in the City.
One two-sided sign to be placed on Hanson Boulevard by the Community Center/YMCA and a
one-sided sign placed on the northeast corner of Bunker Lake Boulevard and Crosstown
Boulevard.
The EDA discussed putting three monument signs in the City with placement locations on Round
Lake Boulevard, ih Avenue & Bunker Lake Boulevard and Hanson Boulevard. The EDA agreed
0 on example B for the monument sign and would like the electronic signs stonework to match the
monument signs.
Andover Station Maintenance - One more weeding of the median is being scheduled for after
0 Andover Economic Development Authority Meeting
Minutes -October 19, 2010
Page 3
the first hard frost.
Fall 2011 Business Expo at Community Cellter - The Community Center would like to hold a
North Metro Business Expo in the fall of2011. This idea is being brought to the EDA for
support and maybe some seed money to get the project off the ground. The EDA agreed this is a
good idea.
TIF DISTRICTS 1-1 & 1-2 CASH FLOW & EDA BUDGET UPDATES
Mr. Dickinson reviewed the Cash Flow Analysis-TIF Project Accounts.
Commissioner Jacobson asked how much money will be in the account after all projects are paid
for. Mr. Dickinson indicated based on current assumptions 1.2 million.
DISCUSS PARKSIDE AT ANDOVER STATION OPTIONS
Mr. Dickinson indicated Premier Bank, the second note holder did exercise their right to
foreclose the second mortgage. A judgment has been attached to the property by another bank.
0 The City now has to work with two banks. Local developers have shown interest in the area that
have the ability to get financing.
OTHER BUSINESS
There was none.
Motion by Jacobson, Seconded by Bukkila, to adjourn. Motion carried unanimously. The meeting
adjourned at 6;59 p.m.
Respectfully submitted,
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Michelle Hartner, Recording Secretary
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