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HomeMy WebLinkAboutEDA September 16, 2003 / ~ '\ -J '\ o ',-/ 1685 CROSSTOWN BOULEVARD N.W, . ANDOVER, MINNESOTA 55304 . (763) 755-5100 FAX (763) 755-8923 . WWW.CI.ANDOVER.MN.US CITY OF ANDOVER. ECONOMIC DEVELOPMENT AUTHORITY SPECIAL MEETING September 16, 2003 - 6:00, p.m. CONFERENCE ROOM A AGENDA 1. Call to Order 2. Approve Minutes - September 2, 2003 3. Andover Station Residential Development - Community Development 4. Andover Station North RFP Project Proposals - Update - Community Development 5. Other Business 6. Adjourn J 1685 CROSSTOWN BOULEVARD N.W. . ANDOVER, MINNESOTA 55304 . (763) 755-5100 FAX (763) 755-8923 . WWW.CI.ANDOVER.MN.US TO: President and Commissioners CC: John Erar, Executive Directf Vicki V olk, City Clerk FROM: SUBJECT: Approval of Minutes DATE: September 16, 2003 INTRODUCTION The following minutes have been provided by staff for approval by the EDA: September 2, 2003 Special Meeting (Schultz) absent) Copies are attached for your review. ACTION REQUIRED The EDA is requested to approve the minutes listed above. Respectfully submitted, ,~ ux:!b Vicki V olk City Clerk , / @ 1685 CROSSTOWN BOULEVARD N.W. . ANDOVER, MINNESOTA 55304. (763) 755-5100 FAX (763) 755-8923 . WWW.CI.ANDOVER,MN.US SPECIAL ECONOMIC DEVELOPMENT AUTHORITY MEETING SEPTEMBER 2, 2003 - MINUTES A Special Meeting of the Andover Economic Development Authority was called to order by President Gamache at 6:03 P.M., Tuesday, September 2, 2003 at the Andover City Hall, 1685 Crosstown Boulevard NW, Andover, Minnesota. Commissioners Present: Orttel, Trude, Jacobson, Knight (arrived at 6: 10 pm), Nowak, Larsen Schultz Will Neumeister, Community Development Director Dave Berkowitz, City Engineer Jim Dickinson, Finance Director Others Commissioners Absent: Also Present: APPROVAL OF MINUTES -JULY 15,2003 Motion by Trude, seconded by Jacobson to approve the minutes of July 15, 2003 as written. Motion carried on a 6-yes, I-absent (Knight) vote. ANDOVER STATION SOUTH COMMERCIAL DEVELOPMENT Mr. Neumeister reported that staff met with Ryan Companies and United Properties to discuss construction of a Target Greatland and other development issues. Target Corporation would like the EDA to acknowledge that the construction of a storm sewer pipe that needs to be extended between Martin Street and the pond is the responsibility of the EDA. Outlot E on the plan is shown as green space which stafffeels would be suitable for a gazebo, band shell or some other amenity. United Properties has agreed to contribute up to $25,000 for site amenities on this outlot. Commissioner Trude asked who would be responsible for the maintenance of that space. Mr.Neumeister stated that the members of the association would be responsible as they would be the owners of the property. (Commissioner Knight arrived at 6: 10 PM) Mr. Neumeister explained that the buyers for Building 4, which was relocated closer to the pond, have asked that it be left in its original location on Bunker Lake Boulevard and Martin Street. - / Special EDA Meeting September 2, 2003 - Minutes Page 2 Commissioner Knight stated that the drawing of the site is exactly what he didn't want the property to look like. Motion by Jacobson, seconded by Trude that the EDA pay the cost of the storm water pipe with the assumption that Ryan Companies will install the pipe and bill the EDA for the cost. Motion carried unanimously. Commissioner Larsen felt that putting Building 4 on the corner increases its marketability to all restaurants. Keith DIstad, United Properties, explained that Ryan had that lot as a one-acre parcel and Mr. Erar and Mr. Neumeister felt it should be larger to accommodate a sit-down restaurant. Consequently it was increased to 1.7 acres. ANDOVER STATION NORTH RFP PROJECT PROPOSALS - UPDATE ., / Mr. Neumeister explained that RFPs were sent to local developers and the top 25 mixed use developers throughout the Twin Cities area Responses have been received from Hartford Companies, C70 and Hansen Builders. Tony Howard may be presenting an RFP also. Mr. Neumeister asked the EDA to schedule a time to review the proposals. Motion by Jacobson, seconded by Orttel to schedule a special EDA meeting to review the RFPs prior to the September 16, 2003 Council meeting at 6:00 p.m. MONUMENT SIGN PROJECT FINANCING AND SCHEDULE Mr. Dickinson noted that the recommendation is to wait until 2004. 1ST ANNUAL BUSINESS APPRECIATION DAY - UPDATE Mr. Neumeister explained that 140 notices were sent out to local businesses and 20 to local housing and commercial developers. As oftoday, no one has registered for the golf outing. The event may need to be cancelled if there are not enough registrations. President Gamache felt that if this event has to be cancelled, the EDA should think about doing it in the spring. / . / Special EDA Meeting September 2, 2003 - Minutes Page 3 Commissioner Jacobson questioned the progress in Andover Station South. Mr. Neumeister stated that Target needs to sign the papers and they hope to start construction yet this year. Staff feels that it will be spring before they pull a permit. Motion by Jacobson, seconded by Orttel to adjourn. Motion carried. Meeting adjourned at 6:55 pm. Respectfully submitted, tlL.a/Z Vicki V olk City Clerk / / C I T Y 0 F NDOVE @ 1685 CROSSTOWN BOULEVARD N.W.. ANDOVER, MINNESOTA 55304. (763) 755-5100 FAX (763) 755-8923 . WWW.CI.ANDOVER.MN.US TO: CC: EDA President and Board Members John Erar, Executive Direct~V _ Will Neumeister, Community' Development Director wL FROM: SUBJECT: Andover Station Residential Development - Community Development DATE: September 16, 2003 INTRODUCTION The plans have been submitted by Bruggeman Homes for a 75 unit townhome development on the 8.65 acres parcel on the south side of Station Parkway that United Properties has under option. The builder has begun the formal review process by submitting a preliminary plat. DISCUSSION The staff wants to keep the EDA informed on the progress of this development proposal. At the April 15,2003 EDA meeting a concept plan was presented for a 68 unit townhome development. The plans currently show 9 eight-unit buildings with one three unit building in the southwest corner, yielding a total of75 housing units. The building design remains the same as proposed in April (see attached photographs and drawing). ACTION REQUESTED The EDA is asked to review the drawings and authorize the staff to begin the rezoning and review process for the 75 unit townhome development. Respectfully submitted, Idk- Will Neumeister Attachments Drawings of Proposed Bruggeman Townhome Development / . / . , .;. ~ ) ... . '~ ~a ... ,. Ui~ .. . i ~ Iz QI g 1-. 1-.oJ <( . - 1-. '.. . ,,.... (I). iJj e::: _ ~. ffi o. 0... c;~ . 0 z ..~. .... 0::: <( . a.. . z . ~ .~ .:2. z: OOa..ci~ .~ ~I~~ >- ..i=.g ~ LU .j::5., z 0:::. j::. 00<( CO. - I w i ... ~. ~~' r " '-) \ , \ ,) :1 .f .. , , . ., , j i j " '0 . .~ i,i , , -~I\ >~, -_- 1,\ '~'. --~. -- Q) ~ m .....J .... CJ) Q) "- o LL c >- .... c ~ E E o () CJ) '"C Q) 1:: Q) E E ~ en - d: , ~ .... m CJ) Q) E o ..c c ~ o I- m >- ~ o .... en o ~ I- You'll have CJ so much more with a Bruggeman Townhome... p~ peacellttea ~ ?0Jee4t ~~ &~~ . Automatic security lighting . High performance Low-E windows and patio door(s) . Underground sprinkling system . Concrete outdoor patio area - per plan . Asphalt driveway with concrete sidewalk to front door . Insulated steel raised panel garage door . Insulated steel front entry door with dead bolt lock . Aluminum soffit and fascia . Water faucet in garage for car washing convenience . 2x6 energy efficient exterior walls . Exterior electrical outlet(s)- per plan . Insulation package-walls R-19, ceilings R-44 . Pre-engineered roof trusses with raised energy heal . Concrete foundation . City water and sewer system atS . ue 'JHteWPt ~ . Generous kitchen dinette-per plan . Storage pantry-per plan . Electric range & hood . Large capacity washer , )lectric dryer '- . Multi -cycle dishwasher . Refrigerator . Stainless steel kitchen sink with chrome faucet and sprayer . Food disposal . Quality vinyl floor covering . Spacious vaulted ceilings . Central air conditioning . Stain resistant carpet . Decorator lighting package . Sound absorption channel between units where feasible for better sound protection . Princeton oak trim "'1A:".J' '... "'. '.'. .4teiie..~. ".... ' ,~-4tJ.-. . . .-'Sl........tJ~. a...irit.'4.' ...... ",'.. ,-.....,. c- ,""-',_" ~ ... . - ,.'~l'/JllitJ~ .. l."JJbMh.;'_'?f/~&V..' . ,. ~~i>' ..... .~ :.....~.Avt....'~ .1Ia<<lrd~ . '-- Vef4ifed&~ · .e~ ~oom · 7<<J() '8~ . Interior walls primed and painted with two coats of high quality interior paint . Large mirror above bathroom sink(s) . Moen water faucets . Cultured marble vanity tops with integrated bowls . Fiberglass tub/shower enclosure . Extra storage and closets . Three telephone jacks . Three cable jacks . Efficient gas forced air furnace . 40 gal. energy efficient hot water heater . Insulated attic access . Sheetrock garage ceiling & walls . Fire walls between homes and your home and garage . Self closing fIre door between home and garage . Smoke detectors . Customer inspected walk-though prior to closing . Interior of home professionally cleaned prior to closing . 10 year RWC warranty 4NB' IUGGEMAN OMES Qnlldfft. QaaUtr Sbule 1959 'JOlt fflMe ~, fdea4e ~ 651-464-5742 ,- \ 'J o c o 0(1') :=N 11I~ Z - a. r ~~~.)-~~ t ...J, )./1.. i i!.. t <"'...,..., :.. ~ c>" ~:.~~t) ; ^, ~.f-, ,,, ? ,)<,{ :_{;;... ,-r.....j ,}. ~ ,""f ~~~~t :~ . .t -"f ()o: '" '1 > ,{-:: \: :-(g~~'~f 4 , -~,..,,. , i~ J r.---., ::.:: .~.. ~.:; " ~ ~. ... ,! " 1 J i I , l , t ! ; j ! j J j :{ " ;~ f .~ j ...j. , . to' "'i , , ~ V Ij fi .; ~ j .. , f I) " ~ f ..;"" t 1 \j (, \1 [ -.---~f ----""i '--~r'.'- "1 ~A : \ '\ 'I.., " .i.... -, I " ( ,):] > '- ....:... '"i)' t: o ..J "- J: ~ r:o N "- ~ o o 0:: C 11I r:o N '" o <Ii "! o o x a :> w ~ W o a a ~ w z a: ."-- "'\ \.J :J ! "''''''''''"j Ii .1' .. 'i ii!../- :iJ t=11 - - - -~-1.... ...:ifiI1: - - - ~" F.; f!! ... 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Q I o ~... ~ 0 ~ Q).EC\/ Q .'" !:l~1 'E -;\ g ; d o c z . . w<>Q I;-~ 0 ~ c ((- o ~ \ ~ \ .Q11IB;lS\ tjtrDtmWlYa o " \ \ \ \ \ \ \ \ \ \ \ \ " 1~ I I. I ~ .. I 01 ~ " .-- .. I ~ ~/'\ Y "- " / "- <-s "- I "01 r! { ! ~ - o ~ 1685 CROSSTOWN BOULEVARD N.W. . ANDOVER, MINNESOTA 55304. (763) 755-5100 FAX (763) 755-8923 . WWW.CI.ANDOVER.MN.US FROM: EDA President and Board Members John Erar, Executive Directof?/ . Will Neumeister, Community Development Director ~ TO: CC: SUBJECT: Consider Andover Station North RFP Project Proposals - Community Development DATE: September 16,2003 INTRODUCTION Request For Proposal (RFP) announcements were sent to developers in August and three developers responded with proposals to purchase land in Andover Station North. The EDA needs to review the three proposals that were submitted. Due to the fact that one of the developers could be in attendance to present their proposal on September 16, 2003 staff requests the EDA hear two proposals on the 16th and continue the review of the proposals to the October 7, 2003 meeting. DISCUSSION The three proposals received were from: I. Construction 70 (interested in purchasing two sites along Bunker Lake Boulevard) 2. Hanson Builders (interested in purchasing the 10 acres designated for housing) 3. Hartford Group (interested in purchasing all of the land) The first two developers will present their proposals on the evening of September 16th. The Hartford Group will make their presentation on the evening of October 7, 2003 at the next EDA meeting. Included in the EDA packet are written presentation materials prepared by the developers. EDA members will need to use these materials for the next two meetings. Please retain them for use at those meetings. ACTION REOUESTED The EDA is asked to review the materials, allow two of the developers to make short presentations and continue the meeting to the October 7, 2003 meeting to allow Hartford Group to make their presentation. Respectfully submitted, ~ Will Neumeister Attachments Developer's Written RFP Materials / ANDOVER STATION NORTH (Sites 8 and 9) ANDOVER,MN Presented By: , / POZ Investment Properties 3113 Lynn Avenue South - #200 Minneapolis, MN 55416 Primary Contact: Jay W. Feider, 612-723-5447 , / / POZ INVESTMENT PROPERTIES Dear Will: POZ Investment Properties is pleased to present a proposal for Sites 8 and 9 of your new development known as "Andover Station North", We would be limiting our proposal to sites 8 and 9 at this time based on our expertise in retail development. Our Development Team brings a great deal of experience to the table, and we feel that we can add an important element to your site. We are confident that small to medium sized retail tenants will be very interested in the location and building product that we have to offer. We propose constructing two (2) first class retail buildings between 15,000 and 20,000 square feet each. They would have matching decorative facades and first rate materials. We have already identified an anchor tenant for one of the buildings. Bruce Knowlan and Mike Hansen would move the Northgate Liquors from across the street to occupy approximately 9,000 square feet. They currently own and operate four (4) other successful stores in the area as listed in Bruce Knowlan's letter attached to the background information section of this enclosure. Please consider the enclosed information and do not hesitate to call if you have any questions or concerns. I can be reached at 612-723-5447. Sincerely, Jay W. Feider President POZ Investment Properties DEVELOPMENT TEAM TABLE OF CONTENTS 1. Title Sheet 2. Cover Letter 3. Table of Contents 4. Relevant Experience of the Developer's Team 5. Development Team Composition . Jay W. Feider . Jeff Wallis 6. Developer's References 7. Statement of Philosophy and Project Understanding 8. Overall Project Schedule 9. Proposed Purchase Price / RELEVANT EXPERIENCE OF THE DEVELOPER'S TEAM . Knowlan Retail- Woodbury, MN (1998) 10,000 square foot retail center, approximately $1.5 million See attached picture . Eagle Valley Marketplace - Woodbury, MN (2002) 20,000 square foot retail center, approximately $3 million See attached picture . Stillwater Marketplace - Stillwater, MN (currently under construction) 9,000 square foot retail center, approximately $1.4 million / KNOWLAN RETAIL I . " ',_/ EAGLE VALLEY MARKETPLACE " . / PROJECT TEAM ) DEVELOPER'S TEAM Owner Andover Station Retail, LLC Bruce Knowlan Mike Hansen Jay Feider Developer POZ Investment Properties Jay W. Feider 612-723-5447 Leasina Mondo Management Jeff Wallis 651-247-1434 Construction ManaQement Construction 70, Inc. 952-253-2100 Feb O~ 02 10:243 KNOW LAN (763)792-4338 p.1 . / City of Andover ATIN: Mr. Jobn Arar 1685 Crosstown Blvd. Andover, MN 55304 February 4, 2002 Dear Mr. Arar: Myself and my partner Mike Hansen arc iDtc~ted in building a 15,000 - 20,000 sq. ft. upscale Strip Center with an approximate 6,000 sq. ft. Liquor Store on the N~ corncr of Bunker Lake Blvd. & Jay St. in Andover. We feel this would be a great location for a convenient, Cllsy in and ca~-y out access type of busipcs.~(es). We n-Iso feci with the Liquor Store as tbe anchor tenant, tbat tbis would be a successful ventur:e for us and the City of Andover. As we currently own and operate a new 9000 sq. ft. upscale Strip Center in the City of Woodbury with 1l Liquor Store:ls the anchor tenant. We currently own and operate 4 stores: Nortbgate Liquors 1530 125th Ave (Hwy 242 & Hwy 65) in Blaine Ham Lal<e Liquors 17720 Central Ave NE (Hwy 65 & Crosstown Blvd) in Ham Lake Liquor Mart 1921 Coon Rapids Blvd (Hansen & Coon Rapids Blvd) in Coon Rapids Top TeD Wine & Spirits 9887 Norma J,n (1-94 & Woodbury Dr) in Woodbury We are truly looking forward to working witb you and growing with the City of Andover. Please feel free to contact me if you have any further questions or concerns. P.s. I 3m also sending along a list of references for you to revicw or contact. Sincerely, Bruce KDowlan (763) 786-0010 ,..-::::. ' ...~. . ....,;:-'../. "... . .......-;.._. r~..... '---" .....~.. . ......:..:~;;.:... '. . Mike Hansen (763) 434-5398 /. !r/) / ,/ ,........1 ' /. r {/~., /:-.,/ c"...__ / I (/. v / / · . - . -. , Feb 06. 02 10: 24a KNOLJLAN (763J792-4338 p.2 References: For liquor references please feel free to cOntact: David Johnson - Chief of Police - City of Blaine (763) 784-6700 or Greg Orth - Chicf of Police - City of Woodbury (651) 739-4141 For financial references please feel free to contact; Dave Rymanowski - President - Marquettc Bank (763) 797-8425 J Vice President JAY W. FElDER 952-253-2100 Jay joined Construction 70, Inc. in 1994 as a Project Manger/Estimator. He takes pride in building repeat customer relationships. Jay has a wide range of experience including; restaurants, retail, office, warehouse, medical, automotive repair, car dealerships, ice arenas, health clubs, parking ramps, gas-convenience stores and communications facilities. His favorite is design build projects, helping the customer from start to finish. In 1997 Jay became a partner in Construction 70, Inc. and in January 1998 was named Chief Financial Officer and Vice President. Jay is involved in the financial management of the company and in every aspect of the office and field operations. Jay has been working in the construction industry since 1979. Education Dunwoody Industrial Institute, St. Paul Technical Vocational Institute, Rasmussen Business College Representative Project Experience Target Stow, Ohio Stillwater Marketplace Stillwater, Minnesota Einstein Bro. Bagels Various Locations Minneapolis/St. Paul, Minnesota LeeAnn Chin Various Locations MinneapolistSt. Paul Minnesota Borders Books Woodbury, Minnesota Jiffy Lube Fridley, Minnesota Project Manager Assistant Wendy Literski 952-253-2100 JEFFREY S. WALLIS 629 Greenbrier Street St. Paul, MN 55106 (651) 767-8688 , PROFESSIONAL LICENSES: Minnesota Real Estate SalesjBroker's License, 1992-Present WORK & DEVELOPMENT EXPERIENCE: Mondo Management. L.L.C., St. Paul, MN October, 2000 - Present PRINCIPAL . I Full Service Commercial Brokerage including Tenant Representation, Commercial Leasing, Property Management and Development Services within the metro area. Currently involved in more than $120,000,000 of development work in a variety of projects including; Eagle Valley Marketplace in Woodbury, MN (retail strip center); Stillwater Marketplace in Stillwater, MN (retail strip center); Lowertown Bluffs Sustainable Urban Village in St. Paul, MN (Condo project with approx 275 affordable "loft style" homes and 50,000 square feet of commercial space) and The Lofts of Stillwater in Stillwater, MN (60 luxury condominium homes). Venture Real Estate and Dev. Corp, St. Paul, MN March, 1998-August, 2000 SENIOR PARTNER Development and Tenant Representation Services Specialist. Secured and implemented several Development projects between 1998-2000. Involved in 20+ Tenant Representative transactions. Began urban development work with various partnerships. Walsh PartnersfThe WalshDunsmore Company May 1992 - February 1998 SENIOR PARTNER Tenant Representation and Development work resulting in more than 500,000 square feet of commercial real estate transactions and development projects. Completed more than 100 leases within the 5+ year period. Worked as primary contact point on many development/leasing projects throughout the metro area. Exclusive Tenant Representation Services Specialist. Provided fee based consulting for renewal and build- to-suit clients. , , STATEMENT OF PHILOSOPHY AND PROJECT UNDERSTANDING It our understanding that the City is looking for a first class upscale retail center to compliment the overall mixed-use development and service the community. Our philosophy is to develop and build upscale projects in great locations for long-term investment opportunities. j , OVERALL PROJECT SCHEDULE , l . Sign Purchase Agreement - Fall 2003 . 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CD ~ ~ Z F=j m Z F=j F=j o fU C ~ n :r: > V') m . , 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 FROM: John Erar, EDA Executive Director SUBJECT: Andover Station Residential- United Properties Request DATE: September 16, 2003 INTRODUCTION Staff has discussed a request made by United Properties to withdraw as the broker from the final sale transaction of Andover Station residential property to Bruggeman Properties. This request is being made subject to and pending the final sale of residential land to Bruggeman Properties. DISCUSSION If the EDA Board may recall, the option agreement with United Properties provided the EDA with a non-refundable earnest money deposit of $452,000 towards the purchase of the residential property to expire on October 15, 2003. The credit of $452,000 against the residential sale price of $3.20 amounted to approximately $1.20 per sq. ft. credit leaving approximately $2.00 a sq. ft. at the proposed date of residential closing established at October 15,2003. In recognition of the inflationary factors affecting land costs, United Properties agreed to split any per sq. ft. sales over the remaining $2.00 sq. ft. on a SO/50 basis. Along these lines, United Properties has proposed to further discount their role in this transaction by requesting to be released from their current role of broker once the sale of the property to Bruggeman Properties has been completed. Under the 50/50% split proposal, United Properties would discount their 50% share of the proceeds beyond the $2.00 per sq. ft. by an additional $14,000 reducing their share of the proceeds to $60,000. UP's letter suggests that the cost of carrying the $600,000 until April 15, 2004 will result in additional "out-of-pocket" costs that they wish to avoid. The offer made by Bruggeman Properties to purchase the residential parcel calls for a $300,000 down payment, with the balance of $600,000 due no later than April 15, 2004. Under the terms of this proposal, the City would approve the plat submitted by Bruggeman Properties, with the City exercising "partial releases" of individual lots to Bruggeman until the entire outstanding balance is paid to the EDA. However, in any event, the EDA would receive final proceeds of the sale no later than April 15, 2004. In short, the EDA would receive an additional $14,000, in addition to the $74,000 and in addition to the $752,000 owed on the ~ original sale of the property. Please see the attached letter from United Properties regarding their request and offer to be released from the transaction once the closing has been finalized with Bruggeman. i BUDGET IMP ACT In review, the additional $14,000 generated through this proposal exceeds the normal rate of return the City could expect if we received the $600,000 by October 15,2003 and invested the proceeds until April 15, 2004. The City Finance Director indicated that the rate of return for a short-term investment of approximately 6 months would yield approximately $3,450 (1.15%) as opposed to the $14,000 the City is being offered by United Properties as a discount on their respective split of the proceeds. ACTION REOUIRED Staff recommends approving the disengagement of United Properties from this transaction upon closing of the property to Bruggeman Properties LLC subject to the previously described offer by United Properties. Again, the EDA will receive the full proceeds from the sale of the property no later than April 15, 2004. Cc: Keith Ulstad, United Properties ~ IE~IE~WJ[E~'J 11 \: ~ SEP I 5 2003 ll:!J ! CITY OF ANDOVER UNITED PROPERTIES September 12, 2003 Mr. John Erar Executive Director Andover Economic Development Authority 1685 Crosstown Boulevard N,W. Andover, MN 55304 Dear John: As you know, the original Andover Station development deal included 8.64 acres of residentially zoned land that was going to be re-sold by United Properties to Hans Hagen Homes for a townhome development. At the eleventh hour, Hagen backed away from the purchase, ostensibly for environmental reasons. In order to keep the Andover Station shopping center project moving forward, we agreed to pay the City of Andover $452,000 of non-refundable earnest money on the residential parcel, and did so at the closing of the land purchase. We are now working on our fifth Purchase Agreement for the residential property. This buyer, Bruggeman Properties, LLC, appears to be more environmentally savvy than its predecessors, so maybe we will close this time. The economics under the Bruggeman purchase agreement are as follows: Less: City's 50% Participation Sales Proceeds to UPI $900,000 <$752.000> $148,000 <$ 74.000> $ 74,000 Sales Price: Less: Balance Owed to City The Buyer wants to pay $300,000 down, with us taking a Purchase Money Mortgage for $600,000 until April 15, 2004, with a provision for partial releases. That would require United Properties to come out-of-pocket for another $600,000 until April, on top of the $452,000 we've already advanced on the residential parcel. The proceeds we will realize on this deal seem too small for that amount of effort and capital outlay. Instead, as we discussed at lunch on August 14th, it seems logical at this point to remove United Properties from the middle of this deal. 3500 West 80th Street. Minneapolis, MN 55431 · 952,831.1000 · fax 952,893,8804 . www,uproperties,com " .. I propose that the fully-executed purchase agreement with Bruggeman Properties, LLC be assigned to the City of Andover EDA by United Properties. Because the EDA already owns the property, they can give the Buyer partial releases without having to layout cash, and maintain the security of their land plus the Buyer's $300,000 down payment. For the right to "step out of the middle" we discussed a discount on United Properties share of the sales proceeds. I believe that we tentatively agreed that United Properties would receive $60,000 in gross proceeds, as opposed to the $74,000 that we would have received per the original agreement. This discount on our proceeds reflects United Properties disengagement from the Andover Station residential transaction. Please confirm for me that the above outline accurately reflects our discussions on this matter. Sincerely, ;t;;;/ , Keith A. Ulstad Vice President Retail Development c: Frank Dutke Larry Guthrie (via fax 612-371-3207) KAU/rlm o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o ANDOVER STATION NORTH ANDOVER, MN PROPOSAL PRESENTED BY: HARTFORD GROUP, INC. Real Estate Development. Architecture. Engineering. Managment Contact: Mrs. Elizabeth Kautz Executive Vice President (952) 746-1203 ekautz@hartfordgrp.com o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o g ~ o ANDOVER STATION NORTH ANDOVER, MN Andover Economic Development Authority City of Andover 1685 Crosstown Boulevard N,W, Andover, MN 55304 Dear Members of the Andover Economic Development Authority, On behalf of Hartford Group, Inc" we thank you for the opportunity to present this proposal to develop "Andover Station North", We share in your excitement as you embark upon this next phase of major development for the City of Andover. The Hartford Group is poised to partner with the City of Andover to undertake full development of the site area, As an experienced Master Developer oflarge, mixed-use developments, we will work with you from start to finish delivering a custom-designed development that meets your objectives, The Hartford Group is comprised of talented, experienced and dedicated professionals, Our team consists ofIand developers and planners, architects, civil engineers, real estate brokers, financial analysts, and marketers, We also bring in trusted partners, as needed, to assist us in delivering the final product. These partners may consist of for-sale townhome developers, commercial developers, general contractors, and other resources, We are also open to working with single-use developers and resources recommended by you, As Master Developers, we will orchestrate the entire process for you. Hartford Group employed "new urbanism" principals as the foundation for the proposed Andover Station North, These principals include: - assembling a complimentary mix ofIand uses within a compact area that offer a variety of places to go and things to do, - offering intergeneration housing for a variety of markets and price points designing buildings and public infrastructure to maximize energy efficiency utilizing high quality urban architecture and durable building materials providing a variety of transportation choices and encouraging walking, biking and the use of public transit creating walkable neighborhoods with ample sidewalks and trails; reducing the dependence on automobiles employing shared parking modules for different building uses - preserving natural features to ensure environmental protection while creating public realm amenities being respectful of adjacent residential neighborhoods Hartford Group's enclosed proposed development plan provides for: medium density housing with a range of price options (owner-occupied townhomes, upper level rental apartment or for-sale condominiums above first level retail, and a senior living community) employment opportunities through a variety of commercial development (large anchor uses, small retail/service shops, showrooms, and restaurants) a Park-and-Ride facility with opportunities for future transit services and alternative transportation modes recreational opportunities within the development along with a connection to the nearby City Park the preservation of natural resources, including upgraded wetlands that are surrounded by a trail system and provide for open green space the entire development will be connected by walking paths to form a pedestrian-friendly environment the creation of a dual function, utilitarian stormwater management system in the form of a public lake Hartford Group will work with the City of Andover on final land use arrangements and design, In addition, architectural design guidelines will promote high quality buildings that focus on use, frontage and streets capes. Overall, the mission of the Hartford Group is to orchestrate a development that takes full advantage of the area's access and visibility and creates a positive community identity and a sense of place, We look forward to working with you in fulfillment of this mission, Sincerely, Elizabeth B, Kautz Executive Vice President Hartford Group, Inc, Principal in Charge Larry A. Johnson Vice President of Development Services Hartford Group, Inc, Project Manager ~ - z ;:J V'I '<t' TO COo-. o ~ C) ~ ......l .AAOOOOOOO ......0000000 E-<qlf")lf")qqlF).q 00 " "OON-.j- v~~-........-("f'"', E-< E-< ~ 0::: 0.. 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' .' · . , '.' O - ',". ., " .-" . ,"' -- . -. .--'". o ANDOVER STATION NORTH ANDOVER, MN TABLE OF CONTENTS BACKGROUND INFORMA nON Master Developer Development Team Leaders 1 2-4 RELEVANT EXPERIENCE Legacy Village at Apple Valley Legacy Village at Maplewood Legacy Village at Lino Lakes 5-7 8 - 10 11 - 12 DEVELOPER'S REFERENCES Developer's References Company Affiliations / Registrations 13-14 15 STATEMENT OF PHILOSOPHY AND PROJECT UNDERSTANDING 16 OVERALL PROJECT SCHEDULE 17 RESPONSE TO DEVELOPMENT ISSUES 18 PROPOSED PURCHASE PRICE 19 , ~'-- :~:~.::_~l~~[~~l?:~ll'~~~i~-;,~:r~i&f.,:&i~:W:~,~~W~~f-~:~t;i7,t:~~~J~Mlf~k~~~.~7;;:_~~~~~~t~~1',' u o o o o o o o o o o o o o o o o o o o o o () o o o o o o o o o o o o o o <) o <) 0, o o ANDOVER STATION NORTH ANDOVER, MN HARTFORD GROUP, INC. MASTER DEVELOPER Hartford Group, Inc. is an integrated real estate development company dedicated to creating livable and sustainable communities. Our team is comprised of developers, land planners, brokers, architects, engineers, financial analysts and marketers. We strive to be the developer of choice for mixed-use projects. As Master Developers for Planned Unit Developments, we are committed to "new urbanism" development practices, We blend a diverse range of housing with commercial uses and retail services into pedestrian friendly neighborhoods, while preserving open space. Hartford works collaboratively with municipalities to add value to the city by providing public realm amenities and creating a sense of place, Over the past 20 years, the principles of the Hartford Group has orchestrated more than $550 million in real estate developments. Our projects include apartments, townhomes, condomini- ums, senior housing, healthcare facilities, daycare facilities, and offices, along with mixed-use housing and commercial projects. An additional $700 million in development projects are currently in progress that includes: Regent at Burnsville, Senior Living Community Legacy Village at Apple Valley Legacy Village at Maplewood Legacy at Wood's Edge (Lino Lakes) The Hartford Group is based in Eden Prairie, MN. More information on can be obtained through our website at www.hartfordgtp.com. VISION STATEMENT The Hartford Group, Inc. is the developer of choice to create livable and sustainable communities. MISSION STATEMENT The Hartford Group, Inc. creates livable and mixed-use communities by utilizing all available financial resources in conjunction with staff architectural, engineering and development capabilities, u o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o 0- o o ANDOVER STATION NORTH ANDOVER, MN HARTFORD GROUP, INC. DEVELOPMENT TEAM LEADERS John C. (Jack) Brandt President - Hartford Group, Inc. Mr. Brandt is a graduate of the University of Minne- sota. After attending Law School, he entered the real estate business. He is experienced in real estate property management, brokerage and development, and holds a Minnesota Real Estate Brokers License. Mr. Brandt has developed in excess of $550 million in real estate to include apartments, townhomes, condominiums, senior housing and services, day- cares, offices and mixed-use projects, Jack is the President of the Hartford Group and principal of Hartford Property Management, LLC. Elizabeth B. Kautz Executive Vice President Ms. Kautz is a graduate of The College of St. Cath- erine with a graduate degree from the Alfred Adler Institute of Chicago. She also has extensive post graduate work in Business and Organizational Development. She brings an extensive and multi- disciplined background in psychology, organiza- tional systems and business ownership, Currently, she is serving her fourth term as Mayor of the City of Burnsville in Minnesota and serves on the Board of The US Mayors Conference. Elizabeth joined the Hartford Group in 2000 and is responsible for Business Development. Keith J. Gruebele, CPA Inactive General Manager/CFO Mr. Gruebele earned a Bachelor's Degree in Busi- ness Accounting from the University of Minnesota and is a Certified Public Accountant. His profes- sional experience includes over 25 years in positions of Chief Financial Officer, Consultant, Controller, Senior Financial Manager and CPA. As the General Manager and Chief Financial Officer since 2001 for the Hartford Group, Keith is responsible for the daily operations of the company and maximizing value for all parties involved in the company's developments. Other responsibilities include contract analysis, financial modeling of projects, market research/pricing analysis, reviews of appraisals, and facilitating project closings. William H. Lykken Vice President, Development Services Mr. Lykken has over 30 years experience in real estate brokerage, real estate development, and struc- turing complex real estate transactions and exchanges. He has taught real estate investment and exchange seminars for investment and brokerage organizations throughout the mid-west and at several universities, Bill is often called upon by investors and other real estate professionals to solve difficult real estate related problems. He is a past president of The Minnesota Real Estate Exchange organiza- tion and is a Commercial Brokers within the state of Minnesota, Bill received a Bachelor of Science Degree in Business Administration from Bowling Green University and was a Captain within the United State Air Force. Bill has been associated with the Hartford Group for 15 years, being involved with land and commercial brokerage activity, and project and construction management. Larry A. Johnson Vice President, Development Services Mr. Johnson holds an Undergraduate Degree from the University of Minnesota with a Master's Degree from Minnesota State University/Mankato. He brings over 30 years of extensive experience in housing development, operations and finances. Mr. Johnson was the Executive Vice President and Chief Financial Officer for Walker Methodist, Inc. from 1983 to 1997, Larry understands the unique approaches to acquiring, developing and managing nursing homes, senior housing, home health services, adult daycare, assisted living and memory u o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o 'iOii,. f., o o ANDOVER STATION NORTH ANDOVER, MN HARTFORD GROUP, INC. DEVELOPMENT TEAM LEADERS (CONT.) care units. Larry joined the Hartford Group in 2001 and is responsible for acquiring and developing new sites for large, mixed-use developments. James M. Grobe Vice President, Development Services Mr. Grobe earned a Bachelor of Arts Degree in Economics from the University of Minnesota. He entered the commercial real estate field in 1973 as a Broker. He has extensive experience in sales/leasing of all types of real estate, tenant representation, and land brokerage. Jim's expertise covers financial analysis, land specialization, and sales and leasing of commercial properties, including cash flow equities. Mr. Grobe holds a Minnesota Real Estate Brokers License. Mr. Grobe has been associated with the Hartford Group since 2001, involved in land and commercial brokerage activity. Derek C. Brandt Development & Acquisition Services Mr. Brandt recently joined the Hartford Group. He is involved in all aspects of the real estate development process from concept design to financial modeling. Derek is a graduate of the University of Iowa and holds a Minnesota Real Estate License. Harold M. (Hal) Pierce, AlA, cm Director of Architecture As Director of Architecture, Mr. Pierce oversees all design work produced by the Hartford Group, He has over 30 years of Architectural Design experience and is a Registered Architect in the States of Minne- sota, Wisconsin and Arizona, Hal received his Bachelor of Arts Degree in Architecture from Iowa State University and also engaged in Graduate Stud- ies in Education at the University of Minnesota. He is on the Board of Advisors for Hennepin Technical Colleges, as well as former Chairman of Architec- ture with Anoka Technical College. His experience also includes being a member of the Planning Com- mission for the Cities of Plymouth, MN and Brook- lyn Center, MN. Hal is a member of the American Institute of Architects and a Certified Interior Designer with the State of Minnesota. Hal has been with the Hartford Group for five years. Mathew Nugent Architect Mr. Nugent received a Bachelor of Arts Degree in Art and Design from The University of Iowa and a Masters of Architecture from The University of Texas at Arlington. Mathew holds Architectural Registrations in the states of Minnesota, Iowa, Texas and New Mexico and is a member of the American Institute of Architects. He has over 12 years of complete project management experience including schematic design, design development, construction documents, bidding, and construction administra- tion. Mathew's design projects include residential apartments, corporate headquarters, warehouse space, casinos, sports facilities, education buildings, office buildings and retail stores. Mathew joined the Hartford Group in 2002 and is the Project Architect and Designer for many of the company's developments, Shawn M. Knoth Architectural Designer Mr. Knoth has over eight years of professional experience encompassing architectural design, multidisciplinary drafting (CAD), graphic art presentation, engineering, manufacturing quality control, and scientific research, His education includes an Associate Degree in Pre-Engineering from North Hennepin Community College, and a Bachelor of Science Degree in Geology with a Minor in Chemistry, both from the University of Minnesota. His experience covers residential, u o o o o o o o o o o o o o o o o o o o () o o o o o o o o o o o o o o o () o o o o i1l"t" O~: o ANDOVER STATION NORTH ANDOVER, MN HARTFORD GROUP, INC. DEVELOPMENT TEAM LEADERS (CONT.) commercial, and industrial facilities. Shawn has been with the Hartford Group since 2001 and is responsible for complete design of several general occupancy housing projects. Daniel J. Fabisiak Architectural Designer Mr. Fabisiak received a Bachelor of Fine Arts Degree with an Emphasis in Environmental Design from the University of Wisconsin, Stevens Point. Dan has over 10 years of experience in architectural design and engineering, project management, multidisciplinary drafting (CAD) and graphic presentation, His experience covers multi-family residential, commercial, manufacturing, educational, religious and healthcare facilities. Dan joined the Hartford Group in 2002 and is the primary designer for Senior Housing products, as well as designing General Occupancy Housing and special projects. Patrick J. Sarver, ASLA, RLA Director of Land Planning Mr. Sarver has extensive land development and site engineering experience through his work as a Land- scape Architect. He holds a Masters of Landscape Architecture Degree from Kansas State University, as well as a Bachelor of Arts Degree in Business Management from Saint Mary's University in Winona. Mr. Sarver's project experience includes mixed use developments, parks, bikeways, schools campus, athletic fields, and streetscape projects. He currently holds his professional licensure in the States of Minnesota and Wisconsin. Patrick joined the Hartford Group in 2002 and is responsible for site development and design for the Hartford Group. Jon Theis Director of Civil Engineering Mr. Theis has over six years of Civil Engineering experience, specializing in the analysis, design and inspection of civil systems for highways, roadways, parking lots, sidewalks, underground utilities, and flood control projects, His work has been with private, commercial and government clients, He received a Bachelor of Science degree in Civil Engineering from North Dakota State University, Jon is a Registered Professional Engineer in the State of Minnesota and holds membership in the American Society of Civil Engineers. Jon joined the Hartford Group in 2001 in charge of civil engineering activity. Maggie Horn Director of Marketing Ms, Horn has over 15 years of marketing, manage- ment and leasing experience in the areas of retail, office suites, multi-family housing and real estate development. Her expertise covers strategic planning, analysis, creation of marketing plans and campaigns, advertising, event planning, leasing and sales, presentations, facilitation, and public relations. Maggie received a Bachelor of Arts Degree from Drake University in Des Moines, IA. Maggie joined the Hartford Group in 2001 responsible for all areas of marketing, o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o ANDOVER STATION NORTH ANDOVER, MN Y~cY ~~e at Apple Valley Hartford Group, Inc. is the Master Developer for Legacy Village, a mixed-use development in downtown Apple Valley, Minne- sota. It brings intergenerational housing together with retail shops and services, restaurants, and public realm amenities all within a pedestrian-friendly campus. It is planned to add value to the municipality of Apple Valley while offering its residence a sense of place within their community. Legacy Village of Apple Valley will be developed in phases and at its completion will span over 52 acres. The first phase of development encompasses 28 acres located between Galaxie and Foliage Avenues on 153rd Street West in Apple Valley. LOCATION The site is located south of Co, Rd. 42, between Galaxie and Foliage Ave- nues in downtown Apple Valley, MN. DATE OF PROJECT INVOLVEMENT The Hartford Group began working with the City of Apple Valley in 2001 as Master Developer for the 52-acre site. Phase I has been approved as a PUD with initial site work started in the spring of2003. Building con- struction commenced in summer 2003, Phase II is in final concept planning stage and seeking municipal approvals, DEVELOPMENT COSTS Phase One $100 Million Phase Two $130 Million SCOPE OF PROJECT 52 ACRES Housing: For Sale Townhomes, 114 units (Partner-Town & Country Homes) Tuscany Apartments, 244 units Commercial: Restaurants Office space Retail & Service uses u o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o 0,- " o ","J.r . o ANDOVER STATION NORTH ANDOVER, MN ~a~ ~)Pe at Apple Valley LEGACY VILLAGE AT ApPLE VALLEY features senior housing, rental apartments, for-sale townhomes, restaurants, office space and retail establishments, Community amenities include an outdoor plaza, interior lake, fountains, walking paths, and outdoor seating areas. Prominent entry areas feature extensive landscaping. The architectural theme is a rich stucco and brick design with facades depicting a central European village. FOR SALE TOWNHOMES SENIOR HOUSING . 0" .< _' :;"'___ '_~.' :' . J. "'~ ~[O IW rrl Bill ,I"' COMMERCIAL / RETAIL / CONDOMINIUMS ~7~f:;::;SI~~~]!~.ilt~t~!it}-;1~J'AA~;~ -+-...~ ... ,r'.?,' ',-~:~-~,:'"-':"~ '--~--.';\;---';;;'~::'-::: _ 9__ "l"'I\v;::-"',<... "~'_~" ~~~..... -' "".,-~'" GENERAL OCCUPANCY o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o I) o I) o o o ANDOVER STATION NORTH ANDOVER, MN ~ao// ~c?e at Apple Valley LEGACY LAKE will offer a combination of open green space and quiet conversation nodes, all surrounded by lush landscaping. Walking paths circle the lake and connect the entire development of the pedestrian-friendly village. A proposed multi-purpose amphitheater will be a focal gathering place for a variety of public and private events. Features proposed include a "Tot Lot" playground, public art sculptures, and water fountains add to the enjoyment of the area. r~~ ~" ""t~~~ 'b,'~ .......,. "f ~ -.';i9"!'~- ~ ~.~,-' " ...... '"" , '~~ ""'" ....tA~ '!';~~-' j :'i~ ' ~, ! ~ ~I~~J .~ _",' ~ ': ",~, :,~~ :." ,'>,~ '~; '... '-'{""." " \. "..- "~'" ~ ~- ,- - u o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o gkiJ ~~~ o ANDOVER STATION NORTH ANDOVER, MN ~~ at Maplewood Hartford Group, Inc. is the Master Developer of Legacy Village at Maplewood, a mixed-use, pedestrian-friendly development on 81.3 acres located near Highway 694 and Maplewood Mall. It will include many features associated with "new urbansim" development including a mixture of owner-occupied and rental housing types; senior housing offering independent living, assisted living and memory care; numerous commercial and retail uses including restaurants; corporate headquarter buildings and medical offices. Wetlands on the site will be upgraded and provide for walking paths, green space and sitting areas. Walking paths will connect the residential and commercial uses within the Village, along with forming a connection of the City trail system within Maplewood, MN. LOCATION The site is located approximately one- quarter-mile south of Interstate Highway 694 and west of Maple wood Mall in Maplewood, Minnesota. Access from 1-694 is at White Bear Avenue or Highway 61. DATE OF PROJECT INVOLVEMENT The Hartford Group began working with the City of Apple Valley in the spring of 2002 as Master Developer for the 81-acre site. Final municipal approvals are expected in September 2003 with construction beginning in the fall of2003. DEVELOPMENT COSTS $250 Million (estimated) SCOPE OF PROJECT 81.3 ACRES Housing: For Sale Townhomes, 198 units Rental Rowhomes, 196 Low Income/W orkforce Housing, 100 Senior Housing, 120 Commercial: Corporate Office Center Restaurants Office Space Retail & Service uses u o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o 0' ,,' ," , ",,0 - ~'. "';T.....-:1.~'~.,.' O~&;((~Wff o ANDOVER STATION NORTH ANDOVER, MN ~aCJP ~~e at Maplewood Senior Housing with Services Corporate Headquarters For-Sale Townhomes Multi-Family Rental Rowhomes Commercial RetaillRestaurants Executive Office Suites General Occupancy Rental Apartments '~~-,~_@:..~;.~ij;~.f!.:~~~~~~\ii~~}Jt~_*~':~::~i~;-;)~~~g~._~ l) () o o I) o o r) r) I) o o u o o o o o 0, o~ or o o I) o o~' ,S;\" ;'t .., ~__ i" ~. . _ ~,' .,./. .; o i. .-"'. , " " .,.\ ~ '-:-;;:-._"'. '\"':'_ . ,.-:--_\', ~ J-{_~. ~_, o ri - or: ,~_ ,'i~:~ ~ :". '~'~_ -~ :.... r:;\::...:~~ .:1:t,,~.~'~~:i o ~'\ "'-t;,' ~-~~~~. "-~'~'~ '~;;~ O - .~ ~ . ..'~,... - i. ... I . . ~ , ...-'......,- '........:.,:. Or -~.7l1to\.,......::..;.! ;"..".. ...._~ _____......~~"::r . ANDOVER STATION NORTH ANDOVER, MN ~~ o o o o () o () o o o o o at Maplewood COMMUNITY SPACE AND PRESERVED WETLANDS A Large Community Space is allocated within Legacy Village not only to serve the residents of the development but also be available to all residents of Maplewood. This open green space will feature youth soccer fields, children's playground equipment, water play equipment and picnic areas. It'll be connected to the trail system for easy pedestrian or bicycle access. Numerous wetlands have been delineated on the site. The development proposes upgrading the wetlands to create a true site amenity, which will provide for walking paths, green space, and sitting areas around the wetlands. The walking paths will form a trail system that will connect to the City and Regional trail system. ~ .~ :..,:j';., ,,~ L ~.<... ., '""-! , ".", ,;"." f " ' :..,.,'.:" ~~I I':';I"~ '-' -.' ....-........-' ~"_"'~_~""'_""'~'<-'~_'_~ .......3..... ~~~;;:,/:7,~~~0'...t:- - '1' ' "'. - - - . .,.. " -' """ - - \" H~RTFORD GROUP, INC. RELEVANT EXPERIENCE - 10 u o o o o o o o o o ANDOVER STATION NORTH ANDOVER, MN ~d~' ~~ Llno Lakes, MN OIartford Group, Inc. is the Master Developer of The Legacy at Wood's rydge, a proposed mixed-use, town center development located within Cpno Lakes, Minnesota. The 42-acre development is designed to offer citizens a place to enjoy an active street life along with community Otctivities all within a small town setting. Small retail shops, offices, and aestaurants line sidewalks creating a "Main Street", pedestrian-friendly dOwn square. A variety of free-standing retail, restaurants, office space, and a hotel round out the proposed commercial uses. Housing options O.vithin the development include for-sale townhomes, rental apartments, Ond upper story residential homes above the ground-level commercial ases. A new YMCA facility and free-standing daycare center within the development compliment the adjacent services of a Health Clinic, Bank, ctity Hall, and Police Station. Park areas and water features will be Oreated for community gathering places. A trail system will border adjacent preserved wetlands, as well as connect all uses within the Odevelopment into a pedestrian-friendly village. o o o o o o o o o o o o o o o o o -~~\ ,pIlW" . ' '-~ ! LOCATION The site is located along Interstate 35W at Lake Drive in Lino Lakes, MN. DATE OF PROJECT INVOLVEMENT The Hartford Group began working with the City of Lino Lakes in February of 2002 as Master Developer of the 42-acre site. Final municipal approvals are expected by December 2003 with construction beginning in the spring of 2004. DEVELOPMENT COSTS $150 Million (estimated) SCOPE OF PROJECT 42 ACRES Housing: For Sale Townhomes Rental Housing above first floor commercial/retail uses Low Income/W orkforce Rental Housing Commercial: Restaurants Office Space Retail & Service uses Hotel !1L~'I~W!';!'K:i;tl!m~@' ,: fi ,L::!t!~I'J(ili!!)<!firwI%[~- U o ANDOVER STATION NORTH ANDOVER, MN ~?cU~'~~ Lino Lakes u o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o ANDOVER STATION NORTH ANDOVER, MN REFERENCES LENDER Nichols Financial Services Company 350 West Bumsville Parkway Bumsville, MN 55337 952-895-5200 - Telephone 952-895-1159 - Fax Contact: Timothy Nichols, President tnicho Is@nicholsfinanciaI.com LENDER Builders Development & Finance 1055 East Wayzata Blvd., Suite 210 P.O. Box 637 Wayzata, MN 55391 (952) 473-8511 - Telephone (952) 473-1219 - Fax Contact: William (Bill) Keenan, President LEGAL-CORPORA TE REPRESENTATION Briggs and Morgan 2200 First National Bank St. Paul, MN 55101-4999 651-223-6600 - Telephone 651-223-6450 - Fax Contact: William Cosgriff wcosgriff@briggs,com GENERAL CONTRACTOR Frana Companies, Inc. 633 Second Avenue South Hopkins, MN 55344 952-935-8600 - Telephone 952-935-8644 - Fax Contact: Peter Donnino, President pdonnino@frana.com LENDER Marshall Group Inc. Pillsbury Center Minneapolis, MN 55440 612-376-1500 - Telephone 612-376-1548 - Fax Contact: Paul Ekholm, Senior Vice President pekholm@millerschroeder.com LEGAL-MUNICIPAL REPRESENTATION Larkin, Hoffman, Daly & Lindgren, LTD. 7900 Xerxes Avenue South Bloomington, MN 55431 952-835-3800 - Telephone 952-896-3278 - Fax Contacts: Bob Hoffman, William Griffith, Jr. wgriffith@lhdI.com GENERAL CONTRACTOR Kraus Anderson Construction Company 525 South Eighth Street Minneapolis, MN 55404 612-332-7281 - Telephone 612-332-8739 - Fax Contact: David H. Rollins, Vice President drollins@k-a-c.com GENERAL CONTRACTOR PCL Construction Services, Inc. 12200 Nicollet Avenue South Bumsville, MN 55337 (952) 882-9600 - Telephone (952) 882-9900 - Fax Contact: Fred Auch, Vice President fgauch@pcI.com () o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o ANDOVER STATION NORTH ANDOVER, MN REFERENCES CITY OF APPLE VALLEY 7100 West 147th Street Apple ValIey, MN 55124 952-953-2500 - Telephone 952-953-2515 - Fax Contacts: Tom LawelI, City Administrator Rick KelIey, Community Development rkelIey@ci.apple-valIey,mn,us CITY OF EDEN PRAIRIE 8080 Mitchell Road Eden Prairie, MN 55344 952-949-8300 - Telephone 952-949-8392 - Fax Contacts: Scott Neal, City Manager Donald Uram, Director of Finance duram@ci.edenprairie.mn,us CITY OF BURNSVILLE 100 Civic Center Parkway BumsvilIe, MN 55337 952-895-4451 - Telephone 952-895-4404 - Fax Contacts: Craig Ebeling, City Manager Chad Wohlers, Planner chad. wohlers@ci,bumsville.mn.us CITY OF MAPLEWOOD 1830 East County Road B Maplewood, MN 55109 651-770-4500 - Telephone 651-770-4506 - Fax Contacts: Richard Fursman, City Manager Melinda Coleman, Assistant City Manager melinda,coleman@ci.maplewood.mn.us CITY OF LINO LAKES 600 Town Center Parkway Lino Lakes, MN 55014 (651) 982-2400 - Telephone (651) 982-2499 - Fax Contacts: Michael Grochala, Community Development Director Mary Alice Divine, Economic Development Assistant mgrochala@ci,lino-lakes,mn.us I) o o o o o o o (J o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o ~)t 0* . o ANDOVER STATION NORTH ANDOVER, MN COMPANY AFFILIATIONS / REGISTRATIONS COMPANY AFFILIA nONS . American Institute of Architects . American Society of Civil Engineers . American Institute of Certified Public Accountants . Association of Local Housing Finance Agencies . Executive Suite Association . Florida Apartment Association . Florida Housing Coalition . Minnesota Commercial Realtors . Minnesota Senior Federation . Minnesota Society of Certified Public Accountants . Minnesota Society of Professional Surveyors . Sensible Land Use Coalition . Minnesota Shopping Center Association . Builders Association of the Twin Cities ARCHITECTURAL REGISTRA nONS . Minnesota . Wisconsin . Florida . Arizona ENGINEERING REGISTRA nONS . Minnesota LANDSCAPE REGISTRA nONS . Minnesota . Wisconsin o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o ANDOVER STATION NORTH ANDOVER, MN STATEMENT OF PHILOSOPHY AND PROJECT UNDERSTANDING Hartford Group custom-designs developments and buildings for clients, We work in partnership with the client to achieve the set objectives. As the Master Developer of a large mixed-use development, we utilize all available resources, both in-house or outsourced if needed, to deliver the vision of the client. This practice will be implemented for the Andover Station North mixed-use development. Hartford Group will work in concert with the City of Andover to orchestrate the full development. Weare also open to working with single-use developers that the City may chose to complete portions of the total development. Hartford Group's talented team of professionals have proposed a mixed-use development for Andover Station North utilizing the latest "new urbanism" concepts. Our Architectural Designers will follow design guidelines set by the City and strive to maintain architectural integrity with high quality urban designs and the use of durable building materials, For each land use within the development, we will focus on delivering high quality buildings along with complimentary frontage and streetscapes, Hartford Group's developments are long term in nature, building for the future. We try to anticipate future needs and changes in transportation, housing, business and community, We envision that the project may take up to five years before it's totally built out. After receiving municipal approvals, all phases will be worked on concurrently. We predict that the for-sale housing component will be the first phase of implementation. The senior housing and retail/ multi-family housing components will follow shortly after, with the commercial/retail areas following the residential and completing the total development. With the commercial/retail components, it will take time to search for the best users and will depend on their timing for entering the market. u o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o 0"_"",,,., ..r.t. o ,,' o ANDOVER STATION NORTH ANDOVER, MN OVERALL PROJECT SCHEDULE PDO - ANDOVER STATION NORlH Predevelopment Stage: Site Assembly Market Studies Ordered 'Concept Plan Review Special Workshop &hematic Plans Development Stage: Application &ibmitted Prelim inary Plat, site plan, PD~, land sale Planning Comm. Planning Comm. City Council City Council Final Plat Development Agreement Building Permit 1imeline October-03 October Nov. - Feb. March-04 March - Apr. June , September October November November Jan-05 PUBLIC IMPRO VEMENTS 1imeline Order Feasibility Study March-04 Receive Feasibility Study June Public Hearing Order Plans & Specs July August Approve Plans & Specs Advert ise for bids Receive Bids Award Contract " December December o o o o a a o a o a a o a a o o o o o o o o o o o o o a o o o o o o o o o a a a aim' 0.:' o ANDOVER STATION NORTH ANDOVER, MN RESPONSE TO DEVELOPMENT ISSUES MARKET ANALYSIS When Hartford Group is selected as the Master Developer for Andover Station North, full market feasibility studies will be conducted for each component of the development. Housing feasibility studies will determine market support for future uses, including type and density ratios, Market analysis for potential future commercial uses will include an evaluation of competitive centers, a trade area analysis, and a competitive position evaluation. The market analyses will also address the potential to develop light industrial. Through a preliminary analysis of the market and receiving input from our resources, Hartford Group believes there is a strong market for each use and product proposed in our plan. THOROUGHFARE UPGRADES The Hartford Group understands that the proposed development must provide for the upgrades to both Bunker Lake Boulevard and Hanson Boulevard that relate to traffic generated from the proposed development. Due to these upgrades and the high cost associated with infrastructure and site improvements, the Hartford Group may request support from the City of Andover through TIF and/or tax abatement programs. PARK AND RIDE FACILITIES Hartford Group's proposed site plan contains a proposed park and ride facility and is willing to work with the City of Andover to implement this component of the development. ~"_"i~l~~'[:ro.t~:r~.Y-~.~ :' ,m~~ " ".", ,:~l;~,"" () o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o o ANDOVER STATION NORTH ANDOVER, MN PROPOSED PURCHASE PRICE Hartford Group, Inc. is willing to negotiate a purchase agreement for the entire site. Once the Hartford Group is selected as the Master Developer, we will work with the City on valuation and project phasing. '~RT-F-""'O' .RDr""'''~G'-R''Ow-"""",U' p-':rI~N'-"-C"~"~:~'-' ~:t:C"'.~.,:;,:--: :~ ~:'::. - ---:"~'~c"'\'~1!;ill';!::;"",::::-;"'D'R"'O'''''''P~'O''-SE' D~1'~U'R'C''''H'-~nRi~CE~9~ ~~ '",-,"","~':- ,- _,,>,_.,, _~~ '-"', "'4--1' >-_..,~ "~~.;~l:~~\c: .- ,':};':1,~ ,::< - ? ,~- - ,J"..._.&~~j'?;;t:~~y~j<:-,-&~;~):~~ :".11 ~ "~.r"~>Ci",joo=, "~)~"'.-<."-~_r~~~~..-__.:.:?;I;~.: