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Economic Development Authority Meeting Wednesday, February 11, 2026 07:30 AM City Hall Council Chambers - 118 Central Ave N

1.CALL TO ORDER

2.CONSENT AGENDA

  1. a.January 14, 2026 EDA Meeting Minutes

  2. b.Claims for Payment: $1,354.92

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 #EDA-26-02-11-01 - Approving Sale of Land and Purchase and Development Agreement between the Authority and Aventus Investments, LLC

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

4.ANNUAL COMMUNITY DEVELOPMENT REPORTS

  1. a.Vacant Lot Inventory

  2. b.Annual Business Inventory

  3. c.Rental Licensing Map

  4. d.2025 Growth Statistics

5.INDUSTRIAL PARK

  1. a.Industrial Park Analysis

6.FUTURE EDA ENDEAVORS

  1. a.February 11, 2026

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

8.BUSINESS UPDATES

  1. a.February 2026

9.CDA UPDATE

10.SCHOOL DISTRICT UPDATE

11.EXECUTIVE DIRECTORS REPORT

12.MISCELLANEOUS

13.ADJOURNMENT

Next Meeting: Wednesday, March 11, 2026

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