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HomeMy WebLinkAboutEDA - April 5, 2011p "I ND OVE 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100 FAX (763) 755 -8923 • WWW.ANDOVERMN.GOV ECONOMIC DEVELOPMENT AUTHORITY MEETING April 5, 2011 6:00 p.m. Conference Rooms A & B 1. Call to Order — 6:00 p.m. 2. Approval of Minutes (March 15, 2011) 3. Monument Entrance Committee Update © 4. Purchase Agreement/Letter of Intent/Progress Review 5. TIF District & EDA Budget Update - Administration 6. Other Business 7. Adjournment Mi E E E f r � 1685 CROSSTOWN BOULEVARD N.W. - ANDOVER, MINNESOTA 55304 a (763) 755 -5100 FAX (763) 755 -8923 o WWW.CI.ANDOVER.MN.US ANDOVER ECONOMIC DEVELOPMENT AUTHORITYMEETING APRIL S, 2011 - MINUTES A Meeting of the Andover Economic Development Authority was called to order by President Mike Gamache, April 5, 2011, 6:00 p.m., at the Andover City Hall, 1685 Crosstown Boulevard NW, Andover, Minnesota. Present: Absent: Also present: Commissioners Sheri Bukkila (arrived at 6:05 p.m.), Don Jacobson, Mike Knight, Julie Trude, Robert Nowak and Joyce Twistol None Executive Director, Jim Dickinson City Planner, Courtney Bednarz Public Works Director /City Engineer, Dave Berkowitz March 15, 2011 Regular Meeting. Correct as amended. Commissioner Trude stated on page 4, line 25, to strike the words to °tee and after the word improvement add "project within Andover Station." Motion by Trude, Seconded by Knight, approval of the minutes as amended. Motion carried unanimously (Nowak present). MONUMENT ENTRANCE/ELECTRONIC SIGN COMMITTEE UPDATE Commissioner Trude indicated Demars Signs provided a design for both entrance monument and electronic signs. Commissioner Trude reviewed the entrance monument designs from Demars. She stated the signs would be maintenance free and do not require footings. Commissioner Trude stated City Council will be looking at amending the sign code. Commissioner Trude reviewed the entrance sign placement on Round Lake Boulevard. Mr. Dickinson indicated the sign might need to be down sized at that location. Commissioner Jacobson asked the cost for the three entrance signs. Mr. Dickinson stated the estimate from Demars was $31,500 for three entrance signs. The estimate from Signs by RSG was $14,000 per sign. © Andover Economic Development Authority Meeting Minutes April 5, 2011 Page 2 Commissioner Knight asked when the construction on the west end of Bunker Lake Boulevard is scheduled for. Mr. Berkowitz indicated spring of 2012. He suggested putting the entrance sign in at the time of the construction project. President Gamache would like to see a smaller version of the entrance sign that could be placed on Round Lake Boulevard. He indicated there could be future locations in Andover where smaller signs could also be placed. Commissioner Jacobson asked if the electronic signs would need to go out for bids. Mr. Dickinson stated if the EDA wanted to do all the electronic signs at one time, they would likely need to go out for bids for the project. Commissioner Trude reviewed the electronic signs. She indicated for an estimated $25,500 an electronic sign could be placed at City Hall on the existing sign base. President Gamache likes the idea of using the current base at City Hall. Mr. Dickinson indicated the sign software would reside on the City's network. © Commissioner Jacobson likes the idea of starting with the one electronic sign at City Hall, the EDA agreed. Motion by Gamache, Seconded by Trude, approving Staff to receive quotes to replace the City Hall electronic sign with a new Watchfire sign. Motion carried unanimously. The EDA authorized Staff to pursue the three locations for the entrance signs with the County. Commissioner Bukkila would like to see more design options. PURCMASEAGREEMENT/LETTER OFINTENTIPROGRESS REVIEW Mr. Dickinson updated on the following: Dynamic Sealing Technologies, Inc. — Dynamic Sealing will be submitting their plans for a building permit in the next two weeks. Ground breaking could be in a month and a half. President Gamache stated the ground breaking ceremony would be a great opportunity to show growth in Andover. 2011 Special EDA Events — The mailing for the 2011 golf event was sent out April 1St © Site Design for Parking Lot at Andover Station North — Staff is preparing the design drawing for the driveway /parking. This project is not top priority. The budget indicated $250,000 for this project. Mr. Dickinson stated the project cost will be much lower then $250,000 that is budgeted. © Andover Economic Development Authority Meeting Minutes April 5, 2011 Page 3 Andover Station Banners — Banners continue to be replaced. MetroMSP.org and City Website — Staff will continue to monitor the parcel list. Potential Fast Food Restaurants — The broker continues to pursue, but commitment remains uncertain. Redevelopment Ideas — One of the EDA goals is to deal with the area between Crosstown Drive and Crosstown Boulevard. A handout was reviewed. There will be strong pressure from the Met Council to replace any housing that would be removed. The removal of the 4 plexes could easily be replaced with a nicely designed 3 story apartment building. Several 4 plexes are in foreclosure. The EDA needs to have a plan in place in order to pursue any of the property. The EDA consensus was to create a plan and to consider TIF modifications to implement the plan. SCHEDULE EDA MEETING Motion by Trude, Seconded by Gamache, to schedule an EDA meeting on April 19, 2011 at 6:00 p.m. Motion carried unanimously. TIF DISTRICT & EDA BUDGET UPDATE Mr. Dickinson reviewed the TIF Cash Flow Analysis and Potential Projects. Mr. Dickinson indicated there is a reserve to work on Parkside. The bank is near to foreclosing out the second mortgage on the site. Bruggeman could deed the property back to the EDA. Mr. Dickinson will be meeting with Premier Bank later this week. OTHER BUSINESS There was none. Motion by Knight, Seconded by Jacobson, to adjourn. Motion carried unanimously. The meeting adjourned at 6:59 p.m. Respectfully submitted, Michelle Harmer, Recording Secretary