Economic Development Authority Meeting Wednesday, October 08, 2025 07:30 AM City Hall Council Chambers - 118 Central Ave N

1.CALL TO ORDER

2.CONSENT AGENDA

1. a.September 10, 2025 EDA Meeting Minutes

2. b.Claims for Payment: $1,755.05

3.LEASE REVENUE BONDS, SERIES 2025C, POLICE STATION

1. a.Resolution #25-10-08-01 - Awarding the Sale of Lease Revenue Bonds, Series 2025C and Approving the Execution and Delivery of Lease Documents

2. b.EDA 2025C Ground Lease

3. c.EDA 2025C Lease-Purchase Agreement

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

5.BUSINESS UPDATES

1. a.October 2025

6.CDA UPDATE

7.SCHOOL DISTRICT UPDATE

8.EXECUTIVE DIRECTORS REPORT

9.MISCELLANEOUS

10.ADJOURNMENT

Next Meeting: Wednesday, November 12, 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