Good morning. It is 8:00 a.m. on Tuesday, July 14th, 2026. I call this meeting of the new Economic Development Authority meeting to order. Item number one is the roll call. We have members present to make it quorum. Item 2.1 are
the EDA June 9th, 2026 minutes. >> Motion to approve the EDA June 9th, 2026 minutes. >> Second. >> We have a motion and a second. Any further discussion? All in favor say I. >> I. >> Opposed? Motion carries. Item 3.1,
administrative activities report. >> Right. Good morning, President, commissioners. Uh, you have the report in your packet. Um, I just wanted to note under the public housing program, um, the common area flooring replacement
project at Broadway House Apartments is nearing completion. Um, and the parking lot seal coat project is in progress. They've, um, done some patching. Um, and then I think the next step is to do the actual
seal coat. Um, and so we're just waiting for them to schedule that and then that should be the be the uh all that's left on that project. Um, note under the home buyer assistance loan program, one loan closed in the amount of $9,750
and one new application was received. Um, and that's the end of the staff report. If there's no additional comments or questions, I'll make a motion to accept the administrative activities report for June of 2026.
>> Second. We have a motion and a second. Any further discussion? All in favor say I. >> I. >> Opposed? Motion carries. Item 4.1 are the EDA July 14th, 2026 claims list. I looked and didn't see anything that
was out of the ordinary. So, I'll also make a motion to accept the EDA July 14th, 2026 claims list. >> Second. >> We have a motion and a second. Any further discussion? All in favor say I. >> I. I. >> Opposed? Motion carries. Item 5.1, Get
It Ready Single Family Rehab Loan Program Revisions. All right, President, commissioners, uh we reviewed this program last month at a work session and um we have revised the policy based on feedback received at
that meeting. Um there weren't a lot of changes made. Um I'll just go through them quickly. Um I removed the cover page completely because our other programs don't have it. It just really isn't necessary. um updated the program name throughout
the policy, added the requirement to list new EDA as an additional insured on homeowners insurance, uh require a minimum credit score of 650 for all applicants and um added the
stipulation that the home must be owner occupied at the time of application under the eligibility requirements. Um, I took the last three bullets under interest rates and repayment to application and approval process and
um moved those to the next session section. Um, and removed the specific fee amounts um, and then just removed the address at the end of the policy because it's
already included in other areas of the guidelines. Um, and I believe that was all of the changes that we talked about at the work session, but if I missed anything, let me know. >> I reviewed it. I had um what one
question under application and approval process. >> And I I remember what we did there that the credit check fees and the title search fee can change as it's written. It may be unclear to some folks and and I not going to word smith it, but can we
make it say something that whatever the credit fee is they have to pay because right now it just says a credit check fee and title search fee is due in submitting the application. But somebody might go wonder what that is. >> Well, there is a corresponding checklist
for the program and that has the specific fees on it and that's something that's easy to update. >> Perfect. So yeah, and I give the checklist with the application. >> If there's no other questions, I'll motion to accept the revised get it ready single family rehabilitation loan
program policy. >> Second. We have a motion and a second. Any further discussion or questions? All in favor say I. I. >> Opposed? Motion carries. Item 6.1, easement agreement.
Good even or good morning EDA members. Um I'm John Nisley planner with the city of Newm and I'm here before you today um requesting the approval of an easement uh easement area for a utility box
cabinet on the EDA property located at 300 North Broadway and then to authorize the city attorney to draft uh the easement agreement. Um, and then the executive director to execute the agreement on behalf of the EDA. If you give me one second, I'd like to pull the
map up on the screen so we all know what can all see what we're talking about. All right. So, the purpose of this request is that um the building that's being constructed at 326 North Broadway uh needs to have its own utility cabinet
uh to to serve that building uh for electrical purposes. The New Public Utilities have looked at the site and they have kind of two options where they could put the cabinet. Um option one was to put the cabinet, let's call it in the far northeast corner. That's where
there's already a large cabinet there. Um, and there are two large maple trees there as well. In order for them to to place that cabinet in that location, both those large maple trees would have to come down. Um, and as part of our
review of this, um, of this project and the landscape requirements, uh, staff, community development staff would prefer that we try to keep those trees on the site since actually those are the only two trees on the site at this point in time. um to help try to meet those
landscaping requirements. So then option two um which is why I'm here today and our preferred option would be to locate the utility cabinet in the far southwest corner um of the property, but it's actually just across the property line
on the EDA property. So outlined in blue here, that's that's the property line. Um here's the proposed location in red of where the cabinet would be placed. Um, and again, it would be just to serve
the property at 326 North Broadway. And I'm here to answer any questions you might have regarding this. >> John, do you know the height? Is it like a three-foot height box? Yeah. >> One of the Okay. >> Right up against our solid screen fence.
>> Yep. Well, in that actually in that corner, um, >> it'll only be 48. Now, in this corner, the screening requirements are going to be met by the landscaping right here. And then the fence is going to start back here and go this direction. So, there'll be uh conifers in that corner
to try to screen. >> All right. >> I don't have an issue with the placement of it there. >> I would much rather it there than take down some trees. Commissioners, what are your wishes? >> Any other comments?
>> Motion to approve the location for the placement of a PUC utility cabinet on economic development authority property located at 300 North Broadway and authorize the city attorney to draft an easement agreement and the executive director to execute the agreement on behalf of the EDA.
>> Second. >> We have a motion and a second. Any further discussion or questions? All in favor say I. >> I. Opposed. >> Motion carries. >> Thank you. >> Item 6.2 is the EDA business consultant Wendy Anderson's second quarter report.
She will not be available until 8:15, so we will hold that. >> Awesome. >> Great. Yep. Yep. >> I stopped early. >> Great. Okay. Go ahead Wendy if you want to.
>> Okay. So uh second second quarter report it was typically busy. Um I worked with eight businesses across various stages of development. Um commercial development projects, retail service businesses,
real estate construction. Um couple different housing questions came up and there were still some grant applications at the beginning of the quarter that we were finishing up. Total hours provided 98.5. So there was client meetings of 30 65 for prep and support work and three
and a half for other meetings. So any questions? Were there any new businesses opened um last quarter as a result of kind of your pre-consulting work and your consulting work? I see here. I'm trying to keep this. I I
would I would note when the new businesses have opened and who they are typically. So, we're still kind of in planning stages on some and some are more advanced, but some are getting close. >> Thank you. >> Yep.
>> As you work with clients, what are the biggest needs that you are seeing from the people you work with? uh they just uh finance finance is a huge need plus understanding performance. So I really get into depth working with them on their performance
so they're ready for finance. Um then last last month I had some new housing people ask me on different types of grants for housing because their budgets are getting so tight. This was another different uh local business that I met
with uh several times trying to figure out some additional grants. So, we're looking into that. We met with Chris also on that. >> Wendy, is that multifamily housing or what kind of housing? >> Well, that one was a small multi multi
multifamily project. So, actually there were two small multifamily projects. one kind of advanced further. I put him in contact and went through the HUD program on that one, but the other one was they're just looking and trying to find a location and they they have an
existing location, he said, but he was looking for another one. And he said it he was just going to start out with a 16 to 24 unit, so a smaller. and um some uh aplexes too he mentioned and those were sent to me by John
Eisley. Any other questions? No. I'll make a motion to accept the economic develop or um sorry, receive an order filed EDA business consultant Wendy Anderson second quarter report for
2026. >> Second. >> I have a motion and a second. Any further discussion or questions? All in favor say I. >> I. Opposed. Motion carries. Item 7.1, economic development activity report.
All right, President Commissioners, I don't um have a whole lot to um discuss in the report this month. Um I'll just note social media posts have been um created for all the 2026 grant recipients. Um
then there were some interesting meetings I attended that deed um put on. Um, one was for economic development professionals that was held in Mano with good attendance from area um, economic development staff. Um, and then a
meeting about data center um, issues and kind of what the state is trying to do to make sure that if data centers are built in Minnesota that they are not depleting our resources. And you know, there's a lot
of concerns with data centers. I'm sure you've heard that in the news. Um and so the state is trying to kind of get ahead of that. Um attended the chamber business after hours to look at their multif family housing project above the chamber. Um they're going to be ready to
start renting those apartments out soon. And I'll note they did receive an EDA um loan to help with the cost of that rehab. So um they did a a great job on those apartments. They're very nice and I don't think they'll have any trouble getting them rented out.
Um, so that's really all I had to note. >> All right. I will make a motion to accept economic development activity report for June 2026 activities. >> Second. >> We have a motion and a second. Any further discussion? All in favor say I.
>> Opposed? Motion carries. Item 8.1 is the 8.1 is the new brick second quarter report. Mr. Brown. >> Morning, Madam President and commissioners. I'm Steve Brown, executive director of Newick and uh here
to answer any questions regarding our report file. >> I have a question on the SBDC. Um, you note that right now that it will be housed in the home office. Where is that?
>> Actually, um, that's changing. It's morphing, but it looks like we did secure an office space at the CTE center. So, >> um, that's where it's going to be and we're finalizing all the agreements on that, but looks like it was approved. So, happy about that.
>> Good. Any other questions? >> I just have one question about the tiny house project. I see that groundwork has started and wondered if you have a target date for completion.
>> Yes. And maybe I have a I have a schedule for uh hopefully we're we're pouring the foundations next week. uh they're all dug and will be forming this week and this weekend and and hopefully have a concrete poured next week. And if that
works, then the schedule right now is to have them built and dried in by the end of August. Um and then the interiors, you know, through maybe early fall, it should be completed. So, it'll depend, but once it's dried in, there's nothing
to stop us. So, it's well underway at this point, which is finally happening. >> Um, I when I'm out and about at other regional meetings have been getting a lot of questions about a lot of the housing stuff we're doing in New Alman. And so, can you remind me are we going to are you going ahead with the full
development right now or are you still planning to just do the two kind of model homes? >> Yeah, I'm doing the two for this for this year and then once they're complete, everybody will go through the review. So, I'm going to review the economics, make sure it all works, but
at this point, it's looking really good that we'll we'll be able to complete the entire project. So, >> thank you. >> Um, I did have a question. It said in the report that you had a meeting July 8th, uh, looking into a coordinator and you weren't able didn't have the
information to share. Do you have anything new there you can share? >> That's okay if you don't. I just wanted to >> No, I I I have a little information. Um we have did have a meeting um uh just last week and we're given the information that that the coordinator
position is looks like it's done but the contract's not signed but all the indications are that it is a complete deal and >> a lot of that's thanks to you guys for helping to support it. I think it's a fabulous thing for the community and I'm very confident that it's a done deal.
We'll be moving forward um very quickly. Just for clarification, that's for the CTE center coordinator. Yes. Position. >> Yeah. >> No other questions. Thank you for the update in the report. Motion to receive an order file. The new home business
resource and innovation center second quarter report 2026. >> Second. >> We have a motion and a second. Any further discussion or questions? All in favor say I. I opposed. Motion carries. Thank you, Mr. Brown.
>> Thank you. >> Immediately following this meeting, the EDA will be going to Highland Apartments for a tour. There being no further items on this agenda, this meeting is adjourned.