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CCP 01-28-2014
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CCP 01-28-2014
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January 14,2014 <br />for an office expansion project in New Brighton Exchange. Report No. 14 -021. <br />Resolution No. 14 -012. <br />City Manager Lotter indicated City Planner Gundlach would be presenting this item to the Council. <br />City Planner Gundlach reported staffhas been in discussions with APi Group since mid -2012 on an office <br />expansion project in New Brighton Exchange. The talks initially focused on completion of a 9,000 square <br />foot building on their existing campus, but shifted toward a much larger project on the 4 acre site referred to as <br />Block G. APi met with the Council in December 2012 and discussed their plans to build a 75,000 square feet <br />of office space in two different buildings. The parties formalized the basic business terms this past spring and <br />a term sheet was approved by the City Council on June 11, 2013. Over the course of the past six months, the <br />parties have been working to finalize the Contract for Private Redevelopment, which spells out all of the <br />development details. One of the reasons for the delay is that APi Group has been evaluating whether to <br />acquire the entire site and construct both phases at once. After some deliberation, the company has decided to <br />go back to the original plan and develop the site in two phases. As a result of the delay, some of the dates <br />from the initial term sheet need to be pushed out. She reviewed the changes within the business term sheet in <br />detail with the Council and reported overall, the project was consistent financially with the original terms. The <br />second building (45,000 SF) is expected to generate approximately $103,000 per year in tax increment; while <br />the third building (30,000 SF) will produce $69,000 per year. Staffrecommended the Council approve a <br />Resolution that would authorize a Contract for Private Redevelopment between the City and APi Group for <br />an office expansion project in New Brighton Exchange. <br />Shane Shipman, APi Group, appreciated the work completed by staff with regard to the office expansion and <br />for their understanding through the delays. He indicated APi was looking forward to expanding in the City of <br />New Brighton. <br />Councilmember Bauman thanked APi for their investment in the community. She looked forward to seeing <br />the proposed expansion completed <br />Councilmember Jacobsen agreed stating AN had a beautiful building and thanked APi for opting to stay in <br />the City of New Brighton. <br />Councilmember Burg questioned how many additional employees would be added to AN after the <br />expansion was completed. Mr. Shipman estimated 50 new full time employees would be located in the <br />second building. <br />Councilmember Burg thanked APi for their commitment and fundraising efforts for the Cystic Fibrosis <br />Foundation. <br />Motion by Councilmember Jacobsen, seconded by Councilmember Bauman to approve a Resolution <br />authorizing a Contract for Private Redevelopment by and between the City of New Brighton and API <br />Group Headquarters, LLC for an office expansion project in New Brighton Exchange. <br />5 Ayes, 0 Nays -Motion Carried <br />Commission Liaison Reports, Announcements and Updates <br />Dean Lotter <br />City Manager Lotter reported he would be traveling with the Mayor to Washington DC to meet <br />with Senator Franken and Senator Klobuchar to discuss negotiations with the Army. He <br />indicated staff was working to organize the Council /staff retreat for March 22nd. The event <br />would be held at the Public Safety Facility. He indicated the Town Hall meeting would be <br />held on April 12th at the Community Center. He reported he would be out of the state January <br />23rd through January 30th and Public Safety Director Jacobson would be standing in as the <br />Acting City Manager. <br />Gina Bauman <br />Councilmember Bauman reported the Public Safety Commission will meet on Monday, <br />January 27th at the Public Safety Center at 6:30 p.m. She discussed actions being taken by the <br />Page 5 of 7 <br />a Contract for Private <br />Redevelopment by and <br />between the City of <br />New Brighton and API <br />Group Headquarters, <br />LLC for an office <br />expansion project in <br />New Brighton <br />Exchange. <br />Report No. 14 -021. <br />Resolution No. 14 -012 <br />Commission Liaison <br />Reports, <br />Announcements and <br />Updates <br />
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