Economic Development Authority

ANDOVER ECONOMIC DEVELOPMENT AUTHORITY MEETING APRIL 21, 2015 - MINUTES A meeting of the Andover Economic Development Authority was called to order by President Julie Trude, April 21, 2015, 6:00 p.m., at the Andover City Hall, 1685 Crosstown Boulevard NW, Andover, Minnesota. Present: Commissioners Mike Knight, James Goodrich, Valerie Holthus, Timothy Cleven and Joyce Twistol Absent: Commissioner Sheri Bukkila Also present: Community Development Director, Dave Carlberg Executive Director, Jim Dickinson Public Works Director/City Engineer, Dave Berkowitz Others APPROVAL OF MINUTES March 17, 2015, Regular Meeting: Correct as presented. Motion by Knight, Seconded by Twistol, approval of the Minutes as presented. Motion carried unanimously. PUBLIC HEARING: CONSIDER SALE OF LOT 2, BLOCK 1, ANDOVER STATION NORTH 2ND ADDITION Mr. Carlberg indicated Minnesota State Statute requires a public hearing prior to any EDA land sale. Lot 2, Block 1, Andover Station North 2nd (13753 Ibis Street) is being sold. Motion by Knight, Seconded by Goodrich, to open the public hearing at 6:03 p.m. Motion carried unanimously. No one wished to address the Commission. Motion by Holthus, Seconded by Knight, to close the public hearing at 6:04 p.m. Motion carried unanimously. Motion by Twistol, Seconded by Cleven, to approve the land sale resolution of Lot 2, Block 1, Andover Station North 2nd Addition. Motion carried unanimously. (See EDA Resolution R002-15) Andover Economic Development Authority Meeting Minutes – April 21, 2015 Page 2 APPROVE PURCHASE AGREEMENT – LEON PROPERTIES UNO, LLC Mr. Carlberg indicated the EDA is requested to approve the Purchase Agreement with Leon Properties Uno, LLC for the purchase of Lot 2, Block 1, Andover Station North 2nd Addition. The 1.3 acre parcel is being sold for $450,000; the price does include park dedication fees. Closing will take place on or before June 30, 2015. Mr. Carlberg stated the buyer will be constructing a 6,500 square foot restaurant. Mr. Carlberg highlighted a few items in the Purchase Agreement. The Seller is to provide a survey of the property. The survey was done today by Hakanson Anderson. The Seller will provide 2 years of environmental indemnification for the property. The Buyer will need to meet the requirements of the design guidelines for Andover Station North. Mr. Dickinson indicated since this is not a direct sale, the EDA is obligated to pay a broker fee. President Trude asked the broker to introduce himself. Mr. Marty Fisher indicated he is a commercial real estate broker out of Ramsey. On behalf of the EDA and the City, President Trude thanked Mr. Fisher for his hard work bringing a new business to Andover. Motion by Goodrich, Seconded by Knight to approve the Purchase Agreement for the sale of Lot 2, Block 1, Andover Station North 2nd Addition. Motion carried unanimously. ECONOMIC DEVELOPMENT UPDATES Mr. Carlberg updated on the following: Foundation Hill Montessori – Closing is set for May 5, 2015 for the parcel located at 1730 139th Lane. Griffen Property Holdings LLC plan to construct a 6,000 square foot addition to the existing building. Marketing – Staff continues to help market the Kottkes property on Bunker Lake Boulevard and the TCF property located in front of Festival Foods. TE Connectivity – They expect within the next year the business will employ 240-250 people. Bunker Lake Boulevard Medians – Mickman Brothers quoted $14,000 to reconnect the irrigation system in the medians. Prairie Restorations did some additional plantings last fall. The EDA decided to not reconnect the irrigation and see what happenings with the additional plantings. The EDA concurred to make a final decision regarding the medians this fall. 7th Avenue & Bunker Lake Boulevard – 14259 7th Avenue has 5 acres zoned Commercial, while the rest is zoned Multi-Family. The property owner does have a real estate broker marketing the property. 14327 7th Avenue is owned by Centerpoint Energy, they are in the process of adding two more storage fuel tanks on the property. Andover Economic Development Authority Meeting Minutes – April 21, 2015 Page 3 Andover Station Banner Replacement – There are 108 banners located in Andover Station and Andover Station North. The approximate cost to replace the banner brackets is $11,000 and $6,000 to replace the banners. Commissioner Twistol stated she would like to see the banners replaced. Commissioner Holthus asked if the businesses in the area contribute to the cost of the banners. Mr. Carlberg answered they do not. President Trude asked if there is money in the budget for the banners. Mr. Dickinson indicated there is. Commissioner Holthus suggested replacing the banners in the main intersection areas, Martin Street east to Quinn Street in Andover Station and on Jay Street by Pizza Ranch and TE Connectivity in Andover Station North. The EDA agreed. President Trude requested staff bring back the estimated cost of replacing the banners in the areas indicated above and a sample of the banner to a future meeting. REDEVELOPMENT UPDATES (BUNKER LAKE BOULEVARD BETWEEN CROSSTOWN BOULEVARD AND CROSSTOWN DRIVE) Mr. Dickinson stated there has been interest in the area. One parcel is in short sale, the bank would prefer to finance the parcel to try and recoup some of the money they would losing on the short sale. Mr. Dickinson indicated staff will continue to monitor the area. OTHER BUSINESS There was none. ADJOURNMENT Motion by Twistol, Seconded by Holthus to adjourn. Motion carried unanimously. The meeting adjourned at 6:58 p.m. Respectfully submitted, Michelle Hartner, Recording Secretary