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HomeMy WebLinkAboutEDA - September 6, 2011C I T Y O F p ND OVE . 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100 FAX (763) 755 -8923 • WWW.ANDOVERMN.GOV ECONOMIC DEVELOPMENT AUTHORITY MEETING September 6, 2011 6:00 p.m. Conference Rooms A & B 1. Call to Order — 6:00 p.m. 2. Approval of Minutes (August 16, 2011 Regular; August 16, 2011 Closed) 3. Monument Entrance/Electric Reader Board Update © 4. EDA Project Progress Report 5. TIF District Cash Flow Update 6. Other Business 7. Closed Session - Parkside at Andover Station Negotiations Update 8. Adjournment Y 0 F OV H ANDOVER ECONOMIC DEVELOPMENT AUTHORITYMEETING SEPTEMBER 6,2011 - MINUTES A Meeting of the Andover Economic Development Authority was called to order by President Mike Gamache, September 6, 2011, 6:00 p.m., at the Andover City Hall, 1685 Crosstown Boulevard NW, Andover, Minnesota. Present: Commissioners Sheri Bukkila (arrived at 6:03 p.m.), Mike Knight, Julie Trude, Joyce Twistol and Robert Nowak Absent: None Also present: Executive Director, Jim Dickinson Community Development Director, Dave Carlberg Director of Public Works /City Engineer, Dave Berkowitz President Gamache indicated Item #7 — Closed Session - Parkside at Andover Station Negotiations Update will move up on the agenda after Item #5 and is no longer a Closed Session. APPROVAL OFMINUTES August 16, 2011 Regular Meeting: Correct as amended. Commissioner Trude stated on page 3, line 41 the following sentence should be added. "The EDA requested the Community Development Director visit with the businesses in the area to get feedback about the events or city participation before more concerts would be scheduled by the EDA." Commissioner Trude stated on page 4, line 11 the following should be added after lane "from Bunker Lake Boulevard at Martin Street." Commissioner Trude stated on page 4, line 13 the following should be added after community "to hear business concerns." Motion by Trude, Seconded by Knight, approval of the minutes as amended. Motion carried unanimously ( Twistol absent). August 16, 2011 Closed Meeting: Correct as written. Motion by Trude, Seconded by Knight, approval of the minutes as written. Motion carried unanimously ( Twistol absent). ® Andover Economic Development Authority Meeting Minutes — September 6, 2011 Page 2 MONUMENT ENTRANCE/ELECTRONIC READER BOARD UPDATE Round Lake Boulevard Monument Entrance Sign — Mr. Carlberg indicated at the last EDA meeting the EDA preferred the option 2 location for the sign. The location is in the City of Coon Rapids boundaries by an electrical box. Mr. Carlberg stated he sent an email to the Coon Rapids Community Development Director, he responded by stating the Coon Rapids Planning and Engineering Departments are ok with the location of the sign. The next step for the City is to submit a letter requesting the preparation of the License Agreement to the Anoka County Highway Department. Mr. Carlberg expects the County will want written permission from Coon Rapids. Mr. Carlberg believes the sign will fit in the right -of -way. He will be submitting a letter to Connexus Energy for the location of the electrical in the area. Crosstown and Bunker Lake Boulevards Electronic Reader Board Sign — Mr. Carlberg reviewed the location of the sign. The sign height will be reduced due to higher elevations at the location. The sign will be angled at this location. ® Mr. Carlberg indicated letters will be submitted to the County for both locations for license agreements. Commissioner Trude asked about the monument entrance sign on the east side of Bunker Lake Boulevard. Mr. Carlberg stated nothing has been done at that location, the two locations listed above is what is being focused on at this time. Commissioner Bukkila stated that location is slated as a later project. Mr. Dickinson indicated at a previous meeting it was suggested the projects would be done individually and Round Lake Boulevard & Crosstown/Bunker Lake Boulevards were first. EDA PROJECT PROGRESS REPORT Mr. Carlberg updated on the following: 2011 Special EDA Events — Staff contacted Kurt Stenson, from NorthMarq and asked to be put on the agenda of a board meeting to discuss with the businesses the concerts at Andover Station. Mr. Stenson indicated at this time no meetings are scheduled and when one comes up he would let Mr. Carlberg know. Mr. Carlberg discussed with Mr. Stenson about how to get Andover Station businesses involved in events and how could the EDA participate. Mr. Stenson indicated the area businesses put on a Halloween event for children. This event is funded through association dues collected from the © businesses for marketing efforts. Commissioner Trude stated she has a hard time with a cash transaction from the EDA. Commissioner Bukkila suggested contacting the event's marketing person to find out what the options are for the EDA to be involved. ® Andover Economic Development Authority Meeting Minutes — September 6, 2011 Page 3 Mr. Carlberg indicated the area businesses are not embracing the concert events. Commissioner Nowak suggested not having any concerts for awhile. Andover Station North Parking Lot — This project has a contract completion date of September 30, 2011. Andover Station Service Road Concept — Staff has received no feedback from the Association. Mr. Carlberg will continue to make contact. Andover Station Area Medians — Prairie Restorations will be doing another maintenance and weed control in September as part of our maintenance contract. Commissioner Trude would like some good plants on the end caps of the medians. Mr. Carlberg stated the middle will be seeded. Commissioner Twistol suggested seeds and established plant plugs in the middle. Mr. Dickinson asked if there is latitude to put some dollars into the project while the maintenance is being done. Commissioner Bukkila suggested taking $1,500 and finding plants that would survive in the medians. President Gamache asked if there are funds to put towards this project. Mr. Dickinson replied there is in the EDA Operations Fund. ® The EDA consensus was to put funds towards the medians. Marketing — Staff put together a map with the businesses logos located on them. This map was reviewed. Mr. Carlberg is using the map as a marketing tool. The map also shows the demographics within five miles of the businesses. Mr. Carlberg indicated a new Economic Development tab has been added on the City website. The Pov's site was discussed. TIF DISTRICT CASH FLOW UPDATE Mr. Dickinson updated the Cash Flow Analysis with two potential projects; Parkside Reserve and CDBG Grant - Neighborhood Redevelopment. The TIF balance still has dollars available to purchase redevelopment parcels. Commissioner Trude asked about using TIF funds for business loans. Mr. Dickinson indicated business loans can be very risky in the current market because of the fluctuating market values. Commissioner Trude suggested scheduling an EDA Workshop. President Gamache suggested looking at November to schedule a workshop. © PARKSIDEATANDOVER STATIONNEGOTL4TIONS UPDATE Mr. Dickinson handed out a copy of the Release of Land from Judgment Lien. The release © Andover Economic Development Authority Meeting Minutes — September 6, 2011 Page 4 indicates Construction Mortgage Investors Co. has released their judgment on Bruggeman Properties. Mr. Dickinson stated the only judgment left on the property is what Premier Bank has against Bruggeman Properties. Mr. Dickinson indicated to close out the property Bruggeman is working through the process to deed everything to Premier Bank. An EDA purchase agreement will be with Premier Bank. Bruggeman and Premier are motivated to get this done by the end of the month. Motion by Trude, Seconded by Bukkila authorizing the Executive Director of the EDA to work with the EDA Attorney to close on the purchase of the properties the EDA is purchasing from Premier Bank in the amount of $185,000 and $1.2 million, as outlined in the handout. Motion carried unanimously. Mr. Dickinson stated Staff will start to market the parcels to potential Builder/Developers. OTHER BUSINESS There was none. ® Motion by Knight, Seconded by Bukkila, to adjourn. Motion carried unanimously. The meeting adjourned at 6:59 p.m. Respectfully submitted, Michelle Harmer, Recording Secretary 14 L