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HomeMy WebLinkAboutFebruary 1, 2005 C"QJv'\LG-t CvQ..,J Lv"L-LttU"\ ~ - \ 5 -05 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 MEETING February 1, 2005 - 6:00 p.m. Conference Room A & B AGENDA 1. Call to Order 2. Approval of Minutes - January 18,2005 3. Updates on Letters of Intent - Administration/Planning 4. Other Business 5. Adjourn . / ANDOVER ECONOMIC DEVELOPMENT AUTHORITY MEETING FEBRUARY 1,2005 - MINUTES A meeting of the Andover Economic Development Authority was called to order by Vice President Trude at 6:00 p.m., Tuesday, February 1,2005 at the Andover City Hall, 1685 Crosstown Boulevard NW, Andover, Minnesota. Commissioners Absent: Also Present: Don Jacobson, Mike Knight, Ken Orttel, Mike Gamache (arrived at 6:05 pm) Robert Nowak, Ed Schultz, Fred Larsen ill Jim Dickinson, Executive Director Will Neumeister, Community Development Director Dave Berkowitz, City Engineer Others Commissioners Present: Ae:enda Approval , / Additional information provided for ltem 3, Updates on Letters of Intent; Add Item 4A, Accept EDA Member Resignation. Motion by Orttel, seconded by Knight to approve the agenda as amended. Motion carried. Approval of Minutes January 18,2005 Motion by Orttel, seconded by Trude to approve the minutes of January 18,2005 as written. Motion carried. Updates on Letters ofIntent Mr. Neumeister noted that there are no changes to the Oppidan or Tramm Builders proposals. (president Gamache arrived at 6:07 pm) Michael Casey's proposal would be a 28,000 square foot office showroom consisting of existing businesses. The building would be zero lot lined so that the tenants could I purchase rather than rent. He asked for EDA support on this idea. He would also pay the EDA Meeting February 1,2005 - Minutes Page 2 park dedication fee to be used specifically for the ballfields. Option 2, which he would also like to purchase, would be a similar building. The EDA discussed the price of the property with Mr. Neumeister noting that Mr. Casey is not asking for any TIF assistance. He also stated that the special assessments are included in the purchase price except for the water and sewer connection charges. Commissioner Jacobson asked if the EDA would retain architectural control if this proposal were agreed to. Mr. Dickinson stated yes. Mr. Berkowitz noted that he will be meeting with the Anoka County Highway Department and is going to start the discussion with right-inlright-out access from Bunker Lake Boulevard. The Highway Department has said that the bank entrance would be removed once Jay Street is constructed. Commissioner Jacobson expressed concem with what the back of the building would look like. Mr. Neumeister stated there would be screening on the back of the building. Commissioner Orttel was concerned about the price Mr. Casey is proposing. Mr. Dickinson explained that this is a redevelopment district and we're dealing with property with clouds over it. Mr. Neumeister stated that Mr. Casey is willing to put more money into the building than into the land. Commissioner Jacobson stated that it is his goal to generate enough money to pay for the roads, utilities, etc. Trarnm Builders' proposal- Mr. Neumeister explained that this proposal is for office condominiums. Kim Trarnm noted that he would like the building to be a walkout. The office condo market is hot as long as you have access and visibility and the turnover is not big. Commissioner Jacobson asked if Mr. Trarnm wants an option for a year on the other parcel and was concemed someone else might offer more money for the parcel than Mr. Trarnm is willing to pay. Mr. Trarnm asked if the EDA would be more comfortable ifhe simply bought both parcels now. Mr. Dickinson stated staff would work on this. The EDA discussed a monument sign that would serve all of the properties and would be located at 139th and Hanson. Oppidan's Proposal- Mr. Neumeister noted that Oppidan is working with United Properties. Their proposal is for the purchase of Lots D & E. Mr. Dickinson stated that Oppidan's clients include Gander Mountain, Coburn's and Super Valu. Play Ventures of Minnesota Proposal- Mr. Dickinson explained that the proposal is for a 50,000 square feet of retail. The EDA asked that more information be provided regarding . / the proposal. EDA Meeting February 1,2005 - Minutes Page 3 Mr. Dickinson noted that Mike Mulrooney would like to show one of the parcels for a light industrial building. Accept EDA Member Resil!Dation Motion by Orttel, seconded by Jacobson to accept the resignation of Fred Larsen III. Motion carried. Motion by Orttel, seconded by Jacobson to adjourn. Motion carried. Meeting adjourned at 7:00 p.m. Respectfully submitted, ILL' U~L Vicki V olk City Clerk