Loading...
HomeMy WebLinkAboutEDA - February 15, 20110 A C I T Y 0 F I' / W A 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100 FAX (763) 755 -8923 • WWW.CI.AN DOVER. MN. US ECONOMIC DEVELOPMENT AUTHORITY MEETING February 15, 2011 6:00 p.m. Conference Rooms A & B 1. Call to Order— 6:00 p.m. 2. Approval of Minutes (December 21, 2010) 3. EDA Activity— Project Status Report 4. TIF District & EDA Budget Update 5. Monument Entrance/Electronic Reader Board Committee Update - Verbal 6. Discuss /Consider Commercial Broker RFQ 7. Other Business 8. Adj ournment M 1685 CROSSTOWN BOULEVARD N.W. D ANDOVER, MINNESOTA 55304 - (763) 755 -5100 FAX (763) 755 -8923 o WWW.CI.ANDOVER.MN.US ANDOVER ECONOMIC DEVELOPMENT AUTHORITYMEETING FEBRUARY 15, 2011- MINUTES A Meeting of the Andover Economic Development Authority was called to order by President Mike Gamache, February 15, 2011, 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 APPROVAL OFMINUTES December 21, 2010 Regular Meeting: Correct as amended. Commissioner Trude stated on page 2, line 13 the word "three" should be changed to "four". Motion by Trude, Seconded by Bukkila, approval of the minutes as amended. Motion carried unanimously. EDA ACTIVITY— PROJECT STATUS REPORT Mr. Dickinson updated on the following: Dynamic Sealing Technologies, Inc. Closing — The closing was completed on February 10, 2011. Staff is working with Dynamic Sealing to take care of some organics found in the soil. 2011 Special EDA Events — The contract with Majestic Oaks for the annual golf tournament has been signed. The event will be held June 15, 2011. Staff has booked three music events at Andover Station for June and July 2011. June 1 St will be the jazz band from Oakview Middle School, June 23` Erin Rogue (Irish brogue) and July 21 the Blue Drifters (bluegrass). Andover Station North Owners Association Annual Meeting — The meeting was held January 4, 2011. Another meeting will be scheduled either in April or May 2011. Site Design for Parking Lot — Staff has prepared a design for the driveway and parking lot for the site next to the ball field at Andover Station North. The driveway will likely be paved and the parking lot class 5. The current budget can be significantly reduced for this project. © Andover Economic Development Authority Meeting Minutes — February 15, 2011 Page 2 Andover Station Banners — 40 more banners are needed to complete the project in Andover Station, cost of approximately $2,000. Staff proposes more banners be placed on Jay Street and the spare banners will be used to replace damaged ones. The EDA concurred. State of the City — A power point presentation was prepared for the Anoka Area Chamber annual "State of the Cities" event held on February 8, 2011. Commissioner Knight asked about having a music event in August at Andover Station. Mr. Dickinson stated Staff direction from the EDA was to lock in three events for 2011. Staff will check with the high schools about booking an event for August. Mr. Dickinson indicated the YMCA has approached the City about having a shelter built on the northeast lawn of the Community Center. The YMCA would provide most of the funding, with the City providing the installation labor. The shelter would be used for the summer programs held at the YMCA and available to the general public. TIF DISTRICT & EDA BUDGET UPDATE © Mr. Dickinson reviewed the TIF Cash Flow Analysis. The TIF Districts are debt free. Mr. Dickinson reviewed the proposed projects listed. He indicated the EDA has the ability to do projects until 2014. Commissioner Jacobson asked how much is in the fund to work with. Mr. Dickinson indicated there is approximately 1.1 million in the fund. MONUMENT ENTRANCEIELECTRIC READER BOARD COMMITTEE UPDATE Commissioner Trude reviewed a memo put together by the sub - committee regarding the benefits of the electronic reader boards and monument entrance signs. Commissioner Jacobson indicated the reader boards will be placed in areas that TIF funds can be used to pay for them. He stated if the TIF funds are not used the remaining money will go back to the County, so why not use the money on the district that generated the funds. Mr. Dickinson indicated the monument entrance signs are to be funded from the EDA budget, not the TIF funds. Mr. Dickinson stressed the electronic reader boards need to meet an economic development basis to quality for TIF. Commissioner Twistol stated a double sided reader board is less expensive then returning to a monthly newsletter and the reader board information is always up to date. © Commissioner Trude indicated the next step is asking Staff to modify the City Code regarding institutional signs. The sub - committee suggested reusing the reader board location at City Hall, placing one at Hanson Boulevard and Bunker Lake Boulevard and a single side one at Crosstown Boulevard and Bunker Lake Boulevard. There are issues at all three locations that would need to © Andover Economic Development Authority Meeting Minutes February 15, 2011 Page 3 be worked out. Commissioner Trude indicated there are right -of -way issues that need to be worked through before moving forward on the design of the signs. Commissioner Trude indicated the monument signs will be designed specific for the location the sign will be placed. Each sign may be a different size. Commissioner Bukkila indicated she is concerned about the price of the project. Commissioner Trude stated there will be no landscaping around the signs; rocks could be placed around the bottom, but no plants. The EDA direction to Staff is to move forward with the modification of the city sign code and to talk to property owners. DISCUSS /CONSIDER COMMERCL4L BROKER RFQ Mr. Dickinson discussed a Request of Qualifications that could be used to attract potential commercial brokers to market the EDA owned property in Andover Station North. © This will be discussed at a future EDA meeting. 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, Michelle Hartner, Recording Secretary M