HomeMy WebLinkAboutNovember 15, 2005
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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
November 15, 2005
6:00 p.m.
Conference Rooms A & B
AGENDA
1. Call to Order - 6:00 p.m.
2. Approval of Minutes (11/01/05 Regular Mtg.)
3. Purchase Agreement Review
A. Rudnicki Agreement
B. Casey Agreement (revised)
4. Discuss 2006 EDA Budget - Finance
5. Approve LMC1T Liability Coverage - EDA - Finance
6. Other Business
7. Adjourn
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ANDOVER ECONOMIC DEVELOPMENT AUTHORITY MEETING
NOVEMBER 15, 2005 - MINUTES
A Regular Meeting of the Andover Economic Development Authority was called to order
by President Mike Gamache at 6:05 p.m., Tuesday, November 15, 2005 at the Andover
City Hall, 1685 Crosstown Boulevard NW, Andover, Minnesota.
Commissioners Present:
Commissioners Absent:
Also Present:
Mike Knight, Don Jacobson, Ken Orttel, Julie Trude
Joyce Twistol, Robert Nowak
Jim Dickinson, Executive Director
Courtney Bednarz, City Planner
Others
APPROVAL OF MINUTES
November 1,2005
Page 1, 3rd paragraph under Letter of Intent, add "...where these costs are included in the
price".
Motion by Trude, seconded by Orttel to approve the minutes of November 1, 2005 as
amended. Motion carried.
PURCHASEAGREEMENT REVIEW (RUDNICKI)
Mr. Dickinson noted that there are 2 purchase agreements to deal with - Rudnicki's and
Casey's. The EDA also needs to discuss the monument sign.
Commisisoner Jacobson noted that in the Casey agreement there's a paragraph that
addresses park dedication fees but there is no such paragraph in the Rudnicki agreement.
Mr. Dickinson explained that it's indicated in the Rudnicki agreement but not broken out.
Commissoner Jacobson also noted that in the Rudnicki agreement it talks about the
seller's design standards. It says the Buyer will build a building at a price acceptable to
Buyer and he asked if that is good enough. Mr. Dickinson explained that it's going to
have to meet with EDA approval before it goes forward.
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(Commissioner Knight arrived at 6:10 p.m.)
Mr. Dickinson noted that the final site plan is due to the city on or before March 10,
2006.
/ EDA Meeting
November 15,2005 - Minutes
Page 2
Mr. Rudnicki stated they would like to start construction on April I, 2006. Mr.
Dickinson noted that the city is comfortable with that schedule.
Commissioner Trude felt that the agreement should encourage timely performance or the
terms would need to be renegotiated.
Mr. Rudnicki stated that they are looking for a little guidance on the monument sign.
They are proposing a variation of what is on Andover Station South and would like to see
the sign in the southwest comer and the area identification sign in the southeast comer.
The sign would be approximately 10 feet. Depending on what a sign company
recommends he would like to go wider rather than tailer.
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Commissioner Knight expressed concern about the sign. Anyone coming from the west
will be past the sign before they have a chance to read it. They will miss the closest
entry. He asked if there is going to be another identification sign on Hanson Boulevard.
Mr. Dickinson stated yes and asked the EDA if there is agreement to put the 2 signs on
Bunker Lake Boulevard. President Gamache asked if the owners of the properties would
control the signs. Mr. Rudnicki responded yes. Commissioner Trude stated she would
be willing to let him have signs on the back of the building.
Mr. Dickinson stated that they are going to move forward with an administrative lot split
on the Rudnicki parcel and there will need to be a code amendment for the dry cleaner.
The formal approvals on the purchase agreement will come to the next EDA meeting. He
also noted that on the Casey agreement, it needs to have "Fifty" added after Two
Hundred.
The EDA discussed whether an assignment clause needs to be in the purchase agreements
with the consensus being that it is not necessary as no matter who the players are, the
EDA still has control over what goes in there.
APPROVE 2006 EDA BUDGET
Mr. Dickinson explained that the Special Revenue Fund budget needs to be adopted by
the EDA. That is the EDA's operating budget. The other items provided are the TIP
Project Fund, TIP Bond summary and individual funds, Community Center construction
fund, Community Center debt service fund and TIP cash flow analysis for TIP Districts
1-1 and 1-2. Mr. Dickinson reviewed the listed documents with the EDA. Mr. Dickinson
explained that he hopes to have the Community Center Construction fund closed by the
end of this year. There may be some retainage to payout in 2006.
Commissioner Orttel asked when an operating budget for the Community Center would
be available. Mr. Dickinson stated that he would provide that at the next workshop. The
Community Center Advisory Commission would be looking at it at their next meeting.
EDA Meeting
November 15,2005 - Minutes
Page 3
Motion by Orttel, seconded by Jacobson to approve the Special Revenue Budget.
Motion carried unanimously.
APPROVE LMCIT LIABILITY COVERAGE -EDA
Motion by Jacobson, seconded by Knight that the EDA does not waive the monetary
limits on our tort liability.
Motion carried unanimously.
OTHER BUSINESS
Mr. Dickinson noted that staff is still working with Bruggeman on the parcel south of the
landfill. Commissioner Trude felt they need some green space.
Mr. Bednarz explained that Pulte would be buying out Bruggeman.
Motion by Jacobson, seconded by Trude to adjourn. Motion carried.
Meeting adjourned at 6:54 p.m.
Respectfully submitted,
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Vicki Volk
City Clerk