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Economic Development Authority Meeting Wednesday, November 13, 2024 07:30 AM City Hall Council Chambers - 118 Central Ave N

1.CALL TO ORDER

2.CONSENT AGENDA

  1. a.October 9, 2024, EDA Meeting Minutes

    October 9, 2024, EDA Meeting Minutes - Closed

    October 16, 2024, EDA Meeting Minutes - Closed

  2. b.Claims for Payment: $150.00

3.CONSIDER EDA SALE OF LOT 5, BLOCK 2, NEW PRAGUE BUSINESS PARK 11TH ADDITION, SCOTT COUNTY, MINNESOTA TO Q5 PROPERTIES, LLC

  1. a.Public Hearing at 7:30 a.m.

  2. b.Resolution Number 2024 - No. 1 - Approving Sale of Land and Purchase and Development Agreement between the Authority and Q5 Properties, LLC

4.CONSIDER EDA SALE OF LOT 3, BLOCK 2, NEW PRAGUE BUSINESS PARK 11TH ADDITION, SCOTT COUNTY, MINNESOTA TO RURAL COMMUNICATIONS HOLDING CORPORATION

  1. a.Public Hearing at 7:30 a.m.

  2. b.Resolution Number 2024 - No.2 - Approving Sale of Land and Purchase and Development Agreement between the Authority and Rural Communications Holding Corporation

5.COMPREHENSIVE PLAN OVERVIEW

  1. a.Presentation

  2. b.Plan

6.MHFA 2025 MINNESOTA CITY PARTICIPATION PROGRAM

  1. a.Memo MCPP

7.FUTURE EDA ENDEAVORS

  1. a.November 13, 2024

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

9.BUSINESS UPDATES

  1. a.November 2024

10.CDA UPDATE

11.SCHOOL DISTRICT UPDATE

12.EXECUTIVE DIRECTORS REPORT

13.MISCELLANEOUS

14.ADJOURNMENT

Next Meeting: Wednesday, December 11, 2024

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 (*Partial Term)

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

                Eric Krogman, Secretary                                                                Term Ending 5/31/25

                Nick Slavik                                                                                Term Ending 5/31/24

                Austin Reville                                                                                Term Ending 5/31/29

                Duane Jirik, Mayor

                Bruce Wolf, Councilmember

                Joshua Tetzlaff, City Administrator & Executive Director