HomeMy WebLinkAboutAugust 17, 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
August 17,2010
6:00 p.m.
Conference Rooms A & B
1. Call to Order - 6:00 p.m.
2. Approval of Minutes (July 20,2010)
3. Project Status Report
0 4. TIF District Financial Update & EDA Budget Discussion
5. Andover Station Maintenance Discussion
6. Other Business
7. Adjournment
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1685 CROSSTOWN BOULEVARD N.W. . ANDOVER, MINNESOTA 55304. (763) 755-5100
FAX (763) 755-8923. WWW.CI.ANDOVER.MN.US
ANDOVER ECONOMIC DEVELOPMENT AUTHORITY MEETING
AUGUST 17,2010 - MINUTES
A Meeting ofthe Andover Economic Development Authority was called to order by President Mike
Gamache, August 17,2010, 6:00 p.m., at the Andover City Hall, 1685 Crosstown Boulevard NW,
Andover, Minnesota.
Present: Commissioners Sheri Bukkila, Don Jacobson, Mike Knight
(arrived at 6:25 p.m.), Robeli Nowak, Julie Trude, and Joyce
Twistol
Absent: None
Also present:. Executive Director, Jim Dickinson
Others
APPROVAL OF MINUTES
0 July 20,2010: Correct as amended.
The spelling of a name was incorrect on page two. Mr. Dickinson indicated he would correct.
Motion by Trude, Seconded by Jacobson, approval of the Minutes as written. Motion carried
unanimously.
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Mr. Dickinson reviewed the projects in the works with the Commission.
Kwik Trip:
Mr. Dickinson updated the Commission on the status of Kwik Trip.
2010 Special EDA Events:
Music at Andover Station Pergola:
It was suggested by Commissioner Knight to Mr. Dickinson to plan more events at Andover
0 Station. The rest of the Commission concurred. The Commission felt Walgreens was a great
help. They felt it may be better to wait until next summer to do it because of the issue with
weather changes. Mayor Gamache thought it would be fun to have an event the Thursday
evening before a home football game. Mr. Dickinson noted that there are a couple of other areas
that could be used as altemate sites in case of poor weather.
0 Andover Economic Development Authority Meeting
Minutes - August 17, 2010
Page 2
Commissioner Twistol thought it helped a lot to have advertising all over.
Mr. Dickinson stated they will look at some more dates in fall or spring for next year.
Community Bulletin Board Sign:
Mr. Dickinson stated they received two quotes for the electronic (LED) signs. The quotes show a
potential cost range between $40,000 and $50,000 per sign, depending on which options are
chosen.
Commissioner Jacobson asked ifthey had money in the EDA budget to spend on a community
bulletin board sign and did the EDA Board want to do this.
Mr. Dickinson reviewed the pricing information with the Commission. The Commission
discussed possible locations of the sign in the City.
The Commission liked an amber LED sign with three lines and felt this would clean up the
signage in the ditches in the City.
0 Commissioner Trude wondered if they should have more than one sign in the City. She
wondered if the Community Center would want to get one. Mr. Dickinson stated a second one
would probably be less, around $35,000 since the software will already be purchased and he
thought the Community Center was talking with the YMCA to get one on their site.
Commissioner Trude wondered what the annual cost would be to maintain the signs. Mr.
Dickinson stated the maintenance per year for two signs would likely be around $8,000.
Commissioner Knight arrived at 6:25 p.m.
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Commissioner Knight thought they needed to put out some City welcome signs also.
Dynamic Sealing Technologies:
Mr. Dickinson reviewed the site project plan with the Commission. In regard to lot 3, they may
not be ready to build but would want to look at purchasing lot 2.
Andover Station North Ball Fields:
Clear Wireless will be back to request swapping out a light post for an antenna in the park which
will take the place of the one proposed in Lions Park.
0 TIF DISTRICT FINANCIAL UPDATE & EDA BUDGET DISCUSSION
Mr. Dickinson stated the EDA is requested to receive a Tax Increment Financing (TIF) District
financial update and discuss the EDA Special Revenue Fund budget.
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0 Andover Economic Development Authority Meeting
Minutes - August 17, 2010
Page 3
Mr. Dickinson reviewed the TIF Cash Flow Analysis-Debt Service with the Commission. He
noted by 2011 they will have all debt paid off.
Mr. Dickinson reviewed the Economic Development Authority (EDA) Fund Statement and the
Capital Projects Fund Statement with the Commission.
ANDOVER STATION MAINTENANCE DISCUSSION
Mr. Dickinson reviewed the maintenance work status with the Commission.
OTHER BUSINESS
There was none.
ADJOURNMENT
0 Motion by Jacobson, Seconded by Bukkila, to adjourn. Motion carried unanimously. The meeting
adjoumed at 6:58 p.m.
Respectfully submitted,
Sue Osbeck, Recording Secretary
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