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

• 10.8.25 EDA Meeting Minutes.pdf (0.04 MB)
• 10.30.25 EDA Meeting Minutes - Closed.pdf (0.04 MB)

2. b.Claims for Payment: $800.25

• 1 EDA Payables 11.2025.pdf (0.03 MB)
• 2 Income Statement.pdf (0.53 MB)
• 3 Balance Sheet.pdf (0.52 MB)

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

• EDA Memo Public Hearing D_St_Companies.pdf (0.66 MB)

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

• 25-11-19-01 - EDA_Resolution_for_DStCompanyLLC_Lot4.pdf (0.19 MB)
• 25-11-19-02 - EDA_Resolution_for_DStCompanyLLC_Lot5.pdf (0.19 MB)

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

• Lot 4 Purchase and Development Agreement for D Saint Companies.pdf (1.55 MB)
• Lot 5 Purchase and Development Agreement for D Saint Companies.pdf (1.55 MB)

4.MHFA 2026 MINNESOTA CITY PARTICIPATION PROGRAM

1. a.Memo MCPP

• EDA_Memo_MCPP 2026.pdf (0.54 MB)

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

6.BUSINESS UPDATES

1. a.November 2025

• November 2025 Business Updates.pdf (0.02 MB)

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