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Economic Development Authority Meeting Wednesday, November 19, 2025 07:30 AM City Hall Council Chambers - 118 Central Ave N

1.CALL TO ORDER

2.CONSENT AGENDA

  1. a.October 8, 2025 Regular EDA Meeting Minutes

    October 20, 2025 Closed EDA Meeting Minutes

  2. b.Claims for Payment: $800.25

3.PUBLIC HEARING - PROPOSED SALE OF LAND

  1. a.Proposed Sale of Land to Aventus Investments LLC

    PID No. 24.124.0050 & 24.124.0060

    701 & 703 6th Street NW

  2. b.Resolution #25-11-19-01 - Approving Sale of Land and Purchase and Development Agreement between the Authority and Adventus Investments, LLC

    Resolution #25-11-19-02 - Approving Sale of Land and Purchase and Development Agreement between the Authority and Adventus Investments, LLC

  3. c.Purchase and Development Agreements - Lots 4 & 5

4.MHFA 2026 MINNESOTA CITY PARTICIPATION PROGRAM

  1. a.Memo MCPP

5.BUSINESS RETENTION AND EXPANSION (BR&E) PROGRAM

6.BUSINESS UPDATES

  1. a.November 2025

7.CDA UPDATE

8.SCHOOL DISTRICT UPDATE

9.EXECUTIVE DIRECTORS REPORT

10.MISCELLANEOUS

11.ADJOURNMENT

Next Meeting: Wednesday, December 10, 2025

OUR MISSION IS TO PROMOTE AND FACILITATE ECONOMIC DEVELOPMENT IN THE NEW PRAGUE AREA:

* Strengthen existing businesses and non-profits *

* Create an environment conducive to new economic development *

* Create long term funding strategy *

                Brent Quast, President                                                                Term Ending 5/31/26

                Troy Pint, Vice President                                                                Term Ending 5/31/27

                Eric Krogman, Secretary                                                                Term Ending 5/31/31

                Nick Slavik                                                                                Term Ending 5/31/30

                Austin Reville                                                                                Term Ending 5/31/29

                Charles Nickolay, Mayor

                Bruce Wolf, Councilmember

                Joshua Tetzlaff, City Administrator & Executive Director