Economic Development Authority 08/04/2025 05:00 PM

ATTENDANCE INFORMATION FOR THE PUBLIC
Members of the public who wish to attend may do so in-person, or by using Microsoft Teams and entering meeting ID 274 897 742 351 1 and passcode qL6iP6mi. For questions, please call the Community Development Department at 763-706-3670.

Auxiliary aids or other accommodations for individuals with disabilities are available upon request when the request is made at least 72 hours in advance. Please contact Administration at 763-706-3610 to make arrangements.

1.Approve July 7th, 2025 Regular EDA Meeting Minutes. (pg. 3)
2.Resolution 2025-17 to Approve the Financial Reports and Payment of the Bills for June 2025. (pg. 9)
MOTION: Move to approve the Consent Agenda as presented.

3.Façade Improvement Grant Report for Juanchito Barber located at 4050 Central Ave NE. (pg. 22)
MOTION: Move to waive the reading of Resolution 2025-18, there being ample copies available to the public.
MOTION: Move to adopt Resolution 2025-18, a resolution approving the form and substance of the Façade Improvement Grant Agreement, and approving authority staff and officials to take all actions necessary to enter the authority into a Façade Improvement Grant Agreement with Juanchito Barber.
4.4243 5th St Habitat For Humanity Gap Financing Discussion. (pg. 42)
MOTION: Move to waive the reading of Resolutions 2025-19 and 2025-20, there being ample copies available to the public.
MOTION: Move to approve Resolution 2025-19, a resolution authorizing an interfund loan for advance of funds from Tax Increment Financing University Avenue Redevelopment District (no. C8) for costs in connection with the City-Wide Scattered Site Housing Tax Increment Financing District.
MOTION: Move to approve EDA Resolution 2025-20, a resolution approving loan to Twin Cities Habitat For Humanity, Inc. and approving a loan agreement relating to a forgivable loan and related loan documents.
5.Central Avenue Pass-through Purchase Discussion. (pg. 83)