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HomeMy WebLinkAbout10-06-2025 EDA Packet ECONOMIC DEVELOPMENT AUTHORITY City Hall—Shared Vision Room, 3989 Central Ave NE Monday, October 06, 2025 4:45 PM AGENDA ATTENDANCE INFORMATION FOR THE PUBLIC Members of the public who wish to attend may do so in-person, or by using Microsoft Teams and entering meeting ID 219 984 311 081 and passcode Dd7ig3t9. For questions, please call the Community Development Department at 763-706-3670. Auxiliary aids or other accommodations for individuals with disabilities are available upon request when the request is made at least 72 hours in advance. Please contact Administration at 763 -706-3610 to make arrangements. CALL TO ORDER/ROLL CALL PLEDGE OF ALLEGIANCE CONSENT AGENDA 1. Approve September 2, 2025 Regular EDA Meeting Minutes. (pg. 3) 2. Resolution 2025-25 to Approve the Financial Reports and Payment of the Bills for August 2025. (pg. 14) MOTION: Move to approve the Consent Agenda as presented. BUSINESS ITEMS 3. Fire Suppression Grant Application (Sister Bud, LLC). (pg. 27) MOTION: Move to waive the reading of Resolution 2025-26, there being ample copies available to the public. MOTION: Move to approve Resolution 2025-26, a resolution of the Economic Development Authority of Columbia Heights, Minnesota, approving the form and substance of the Fire Suppression Grant Agreement, and approving authority staff and officials to take all actions necessary to enter the authority into the Fire Suppression Grant Agreement with Sister Bud, LLC. 4. NOAH Program Proposal Review. (pg. 55) MOTION: Move to waive the reading of Resolution 2025-27, there being ample copies available to the public. MOTION: Move to approve Resolution 2025-27, a resolution of the Economic Development Authority of Columbia Heights, Minnesota, approving the creation and implementation of the Columbia Heights Naturally Occurring Affordable Housing (NOAH) Loan Program. 1 City of Columbia Heights AGENDA October 06, 2025 Economic Development Authority Page 2 5. Executive Session: Develop or Consider Counteroffers for the Purchase of Real Property at 4024-4026 Central Ave NE. Closed per Minn. Stat. 13D.05, Subdivision 3(c). (pg. 73) ATTENDANCE INFORMATION: Move to recess to Closed Session pursuant to Minnesota Statutes 13D.05, Subdivision 3(c), members of the public will not be able to attend the executive session portion of the meeting. For questions regarding this notice, please contact Administration at 763-706-3610. BUSINESS UPDATES a. SPAAR Key Communities Grant Homeownership Resource Night Recap b. Minnesota Housing Finance Agency 2025 Local Housing Trust Fund Grants Program Award c. Community Entrepreneurship Program Update and Invitation ADJOURNMENT Auxiliary aids or other accommodations for individuals with disabilities are available upon request when the request is made at least 72 hours in advance. Please contact Administration at 763-706-3610 to make arrangements. 2 ECONOMIC DEVELOPMENT AUTHORITY City Hall—Shared Vision Room, 3989 Central Ave NE Monday, September 02, 2025 5:00 PM MINUTES The meeting was called to order at 5:00 pm by President James CALL TO ORDER/ROLL CALL Members Present: Connie Buesgens; Laurel Deneen; Rachel James; Amáda Márquez-Simula; Justice Spriggs; Marlaine Szurek Members Absent: Lamin Dibba Staff Present: Mitchell Forney, Community Development Director; Aaron Chirpich, City Manager; Sarah LaVoie, Administrative Assistant; Emilie Voight, Community Development Coordinator PLEDGE OF ALLEGIANCE CONSENT AGENDA 1. Approve the minutes of the regular EDA Meeting of August 4, 2025. 2. Approve financial reports and payment of bills for July 2025 – Resolution No. 2025-21. Motion by Deneen, seconded by Buesgens, to approve the Consent Agenda as presented. All ayes of present. MOTION PASSED. RESOLUTION NO. 2025-21 A RESOLUTION OF THE ECONOMIC DEVELOPMENT AUTHORITY OF COLUMBIA HEIGHTS, MINNESOTA, APPROVING THE FINANCIAL STATEMENTS FOR THE MONTH OF JULY 2025 AND THE PAYMENT OF THE BILLS FOR THE MONTH OF JULY 2025. WHEREAS, the Columbia Heights Economic Development Authority (the “EDA”) is required by Minnesota Statutes Section 469.096, Subd. 9, to prepare a detailed financial statement which shows all receipts and disbursements, their nature, the money on hand, the purposes to which the money on hand is to be applied, the EDA's credits and assets and its outstanding liabilities; and WHEREAS, said Statute also requires the EDA to examine the statement and treasurer's vouchers or bills and if correct, to approve them by resolution and enter the resolution in its records; and WHEREAS, the financial statements for the month of July 2025 have been reviewed by the EDA Commission; and WHEREAS, the EDA has examined the financial statements and finds them to be acceptable as to both 3 Item 1. City of Columbia Heights MINUTES September 02, 2025 EDA Meeting Page 2 form and accuracy; and WHEREAS, the EDA Commission has other means to verify the intent of Section 469.096, Subd. 9 , including but not limited to Comprehensive Annual Financial Reports, Annual City approved Budgets, Audits and similar documentation; and WHEREAS, financial statements are held by the City’s Finance Department in a method outlined by the State of Minnesota’s Records Retention Schedule, NOW, THEREFORE BE IT RESOLVED by the Board of Commissioners of the Columbia Heights Economic Development Authority that it has examined the referenced financial statements including the check history, and they are found to be correct, as to form and content; and BE IT FURTHER RESOLVED the financial statements are acknowledged and received and the check history as presented in writing is approved for payment out of proper funds; and BE IT FURTHER RESOLVED this resolution is made as part of the permanent records of the Columbia Heights Economic Development Authority. ORDER OF ECONOMIC DEVELOPMENT AUTHORITY Passed this 2nd of September 2025 Offered by: Laurel Deneen Seconded by: Connie Buesgens Roll Call: All ayes of present. MOTION PASSED. President Attest: Secretary BUSINESS ITEMS 3. Purchase of 4510 Taylor St NE Voight reported that staff are bringing forth for consideration the purchase of real property located at 4510 Taylor St NE. The subject property is residentially zoned (R-2A) and is the site of a one- bedroom, one-bathroom house that was built in 1946. The City’s Building Inspec tor recently conducted a time-of-sale inspection of the house in preparation for its sale. While communicating with the seller’s representative, the Inspector identified that the property had not yet been listed and that the seller might be open to discussing purchase options with the City. Community Development staff arranged with the seller’s representative to visit the property. During their visit, staff determined that the property would be a good fit for residential redevelopment: the house 4 Item 1. City of Columbia Heights MINUTES September 02, 2025 EDA Meeting Page 3 was vacant, had been subject to water damage, and would need repairs amounting to tens of thousands of dollars to make it habitable again. The cost of the necessary repairs would be disproportionate to the small size of the house, which measures only approximately 58 8 square feet. The property is also non-conforming with regard to parking because it does not have a garage. Voight mentioned that Anoka County currently lists the estimated market value of the land, with no buildings, at $86,000. The seller’s representative indicated they had received two offers above this price. After consultation with CD staff, Director Forney made an initial verbal offer of $100,000 for the purchase of the property, plus closing costs, and explained that this offer was contingent on approval by the EDA. The seller, Kirk Miller, verbally accepted this offer. The City then followed up with a written offer letter, which the seller also acknowledged. Voight stated that by purchasing this residential property, the EDA would create an opportunity to engage with partners to provide a new housing unit or units on the site. Like in previous redevelopment projects, the EDA could work with a group like Better Futures to deconstruct the house for recycling and reuse of salvageable materials. The City’s Fire and Police Departments might be able to use the site for training. After demolition, the EDA could choose to work with an organization like Habitat for Humanity or with a private developer for the construction of new housing. Staff are of the opinion that the purchase and redevelopment of the property by the EDA would provide more opportunities than would be possible with private purchase and renovation of the existing structure. Voight noted that each year, the EDA budgets $200,000 for propert y acquisition through Redevelopment Fund 408, specifically through the Commercial Revitalization Program. The EDA has not yet spent these funds in 2025. Staff therefore suggests that the EDA use Redevelopment Fund 408 Commercial Revitalization dollars to finance the purchase of 4510 Taylor. The purchase and redevelopment of this site are consistent with the goals of Redevelopment Fund 408, but because the property is not commercially zoned, an amendment to the 2025 budget will be necessary to allocate funds for this specific site. This proposal aligns with the EDA’s 2025 goal of continuing to administer the EDA’s Commercial Revitalization Program to address substandard and nonconforming housing stock. Voight stated Resolution 2025-24 approves the draft purchase agreement, amends the 2025 budget, and allocates an additional $70,000 to related site preparation costs. These related project costs include closing costs, hazardous material abatement (such as asbestos and trash removal), tree removal, and demolition. Any excess funds remaining once demolition and grading have been completed will be returned to EDA Redevelopment Fund 408. Community Development staff recommend that the EDA pass Resolution 2025-24 to approve the purchase of the property at 4510 Taylor St NE for residential redevelopment. Questions/Comments from Members: Buesgens asked if the City had TIF housing money that was used during the recession to purchase houses. Forney replied that the funds that Buesgens is mentioning are the W3/W4 pooled funds that are actually the C8 pooled funds, which are the same fund that was used for the recent loan to 5 Item 1. City of Columbia Heights MINUTES September 02, 2025 EDA Meeting Page 4 Habitat for Humanity. Staff are recommending using the annual budgeted amount due to the fact that the annual budget amount allows to have a project that can be either income-qualifying or non-income-qualifying. Staff wanted to allow more flexibility with the funds. Buesgens asked what funds were used to buy homes on 5th Avenue. Forney replied that the Habitat for Humanity house on 5th Avenue used the affordable housing funds. Szurek asked if the house had been empty for a while. Forney replied that there were renters in the house last fall and unexpectedly left without notifying the owner. Over the winter, the water pipes burst and left water damage in the house. Márquez-Simula stated she was in favor of moving forward with the staff’s recommendation. James agreed. She noted that they had prioritized housing on commercial routes, and the proposed house is not on a commercial route. She asked staff to share more about the priority. Forney explained that traditionally, the budget indicates that projects need to be on commercial routes, but through the EDA’s goal-setting session, the idea of targeting houses outside of the commercial corridors came up. The proposed house purchase is in line with the verbal goals of the EDA to target some of the properties that are not specifically on Central Avenue. Motion by Spriggs, seconded by Szurek, to waive the reading of Resolution No. 2025-24, there being ample copies available to the public. All ayes of present. MOTION PASSED. Motion by Spriggs, seconded by Szurek, to approve Resolution No. 2025-24, a Resolution of the Columbia Heights Economic Development Authority, approving the purchase agreement between the Columbia Heights Economic Development Authority and Kirk Miller. All ayes of present. MOTION PASSED. RESOLUTION NO. 2025-24 A RESOLUTION APPROVING THE PURCHASE AGREEMENT BETWEEN THE COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY AND KIRK MILLER. BE IT RESOLVED BY the Board of Commissioners ("Board") of the Columbia Heights Economic Development Authority (the "Authority") as follows: SECTION 1. RECITALS. 1.01. The Authority and Kirk Miller and any other individual with a legal interest in the Property hereafter defined (“Seller”) desire to enter into a purchase agreement (the “Purchase Agreement”) pursuant to which the Authority will acquire certain property in the City located at 4510 Taylor St NE (the “Property”) from the Seller for economic redevelopment purposes. The Property is described in Exhibit A attached hereto. 1.02. Pursuant to the Purchase Agreement, the Authority will purchase the Property from t he Seller for a purchase price of $100,000 plus related closing costs. 6 Item 1. City of Columbia Heights MINUTES September 02, 2025 EDA Meeting Page 5 1.03. The Authority finds that the acquisition of the Property is consistent with the City’s Comprehensive Plan and will result in the redevelopment of the Property, which constitutes substandard property. Such acquisition of this Property, for subsequent resale and redevelopment (the “Redevelopment Project”), best meets the community’s needs and will facilitate the economic redevelopment and revitalization of this area of the City. 1.04. The Authority also finds that the Redevelopment Project is consistent with the purpose of the Economic Development Authority Redevelopment Fund 408. The current 2025 budget for Economic Development Authority Redevelopment Fund 408 does not include th e Redevelopment Project and must be amended as the Property was not available on September 3, 2024, when the Authority adopted this budget. The available balance of the Economic Development Authority Redevelopment Fund 408, beyond that committed for the existing 2025 budget, is approximately $500,000, which is more than sufficient to finance the Redevelopment Project. SECTION 2. PURCHASE AGREEMENT AND BUDGET AMENDMENT APPROVED. 2.01. The Authority hereby ratifies and approves the actions of Authority st aff and of Kutak Rock LLP (“Legal Counsel”) in researching the Property and preparing and presenting the Purchase Agreement. The Authority approves the Purchase Agreement substantially in the form presented to the Authority and on file at City Hall, subject to modifications that do not alter the substance of the transaction and that are approved by the President and Executive Director, provided that execution of the Purchase Agreement by those officials shall be conclusive evidence of their approval. 2.02. The Authority hereby amends the 2025 budget for Economic Development Authority Redevelopment Fund 408 to appropriate $100,000 for the purchase agreement and $70,000 for additional estimated project costs relating to the Redevelopment Project, including b ut not limited to closing costs, hazardous material abatement, tree removal, and demolition. 2.03. Authority staff and officials are authorized to take all actions necessary to perform the Authority’s obligations under the Purchase Agreement as a whole, including without limitation execution of any documents to which the Authority is a party referenced in or attached to the Purchase Agreement, and any deed or other documents necessary to acquire the Property from the Seller, all as described in the Purchase Agreement. ORDER OF ECONOMIC DEVELOPMENT AUTHORITY Passed this 2nd of September 2025 Offered by: Justice Spriggs Seconded by: Marlaine Szurek Roll Call: All ayes of present. MOTION PASSED. 7 Item 1. City of Columbia Heights MINUTES September 02, 2025 EDA Meeting Page 6 President Attest: Secretary 4. 2026 EDA Budget Approval Forney reported that in September, the proposed budget for the 2026 fiscal year will be distributed to the City Council. Before the City Council completes its final review of the proposed budget, the Columbia Heights Economic Development Authority (“EDA”) and the Housing and Redevelopment Authority in and for the City of Columbia Heights (“HRA”) are required to adopt fund budgets for Fund 204: EDA Administration and Fund 408: EDA Redevelopment Projects, and to authorize their respective 2025 tax levies, payable in 2026. Forney noted the EDA effectively has two separate tax levies after the City Council granted the EDA certain HRA powers in 1996. One tax levy is administered by the City under Minnesota Statutes, Section 469.107 on behalf of the EDA (the “EDA Levy”), and the other is a special benefit tax levy administered by the EDA under Minnesota Statutes, Section 469.033 on behalf of the HRA (the “HRA Levy”). The proposed fund budgets reflect total levels within the statutory limits. He reviewed the differences between the budget of 202 5 and the staff’s proposed budget for 2026. As the Authority can see, there is an increase in the budgeted amount for 204. This is attributed to the loss of funds in the 408 HRA Levy and the increase in operating costs for staff time and EDA administrative costs. The increase in EDA administrative costs is better exemplified by the change in the 204 Budgeted Expenditures column, as it removes the transfer out to 408. The budgeted 408 fund has a $5,000 decrease due to the fact that the City’s market value has decreased since last year, reducing the amount the EDA can levy via the HRA levy. The last item of note is the $10,000 increase in funding and expenditures in 408. Staff’s budget recommendation is the same as last year, but with the addition of $10,000 in funds for the administration costs of the Naturally Occurring Affordable Housing Loan Program. Ultimately, staff’s proposal results in a 9.3% increase in the EDA Levy and a 1.2 % decrease in the HRA Levy. Similar to the process followed last year, any increase in the EDA levy must follow the public hearing and approval process identified in MN Statutes section 469.107 . Questions/Comments from Members: James mentioned that the EDA discussed the budget numbers during the goal-setting meeting. She added that she is happy with the NOAH Loan Admin Costs. Márquez-Simula agreed and added that she is glad to see small increases that will have large impacts. Motion by Buesgens, seconded by Márquez-Simula, to waive the reading of Resolution No. 2025-22 and No. 2025-23, there being ample copies available to the public. All ayes of present. MOTION PASSED. Motion by Buesgens, seconded by Márquez-Simula, to adopt Resolution No. 2025-22, a Resolution of 8 Item 1. City of Columbia Heights MINUTES September 02, 2025 EDA Meeting Page 7 the Economic Development Authority of Columbia Heights, Minnesota, adopting a budget for the fiscal year of 2026 and setting the 2025 tax levy, payable in 2026. All ayes of present. MOTION PASSED. Motion by Buesgens, seconded by Márquez-Simula, to adopt Resolution No. 2025-23, a Resolution of the Economic Development Authority of Columbia Heights, Minnesota, adopting a budget for the fiscal year of 2026 and authorizing a special benefit tax levy, payable in 2026 . All ayes of present. MOTION PASSED. RESOLUTION NO. 2025-22 A RESOLUTION OF THE COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY, ADOPTING A BUDGET FOR THE FISCAL YEAR OF 2026 AND SETTING THE 2025 TAX LEVY, PAYABLE IN 2026. BE IT RESOLVED, by the Columbia Heights Economic Development Authority (the “EDA”) as follo ws: WHEREAS, the City of Columbia Heights (the “City”) established the EDA by an enabling resolution adopted on January 8, 1996, pursuant to Minnesota Statutes 469.090 to 469.1081 (the “EDA Act”); and WHEREAS, the City Council of the City has given to the EDA the responsibility for all development and redevelopment projects and programs; and WHEREAS, under Section 469.107 of the EDA Act, the City is authorized to levy a tax for the benefit of the EDA on its area of operation for the purposes authorized under the EDA Act, subject to the approval of the City Council; NOW, THEREFORE BE IT RESOLVED, that, after appropriate examination and due consideration, the Board of Commissioners of the Columbia Heights Economic Development Authority herby: 1. Adopts and requests the City Council’s approval of its budget in the amount of $413,900 for 2026; and 2. Adopts and requests the City Council’s approval of an EDA tax levy under Section 469.107 of the EDA Act, in the amount of $413,900 for taxes payable in 2026; and 3. Authorizes the transfer of $80,000 from EDA Administration Fund 204 to EDA Redevelopment Fund 408; and 4. Instructs the Executive Director to transmit a copy of this resolution to the City Manager, Finance Director, and City Clerk of the City of Columbia Heights, Minnesota ORDER OF ECONOMIC DEVELOPMENT AUTHORITY Passed this 2nd of September 2025 Offered by: Connie Buesgens Seconded by: Amáda Márquez-Simula Roll Call: All ayes of present. MOTION PASSED. 9 Item 1. City of Columbia Heights MINUTES September 02, 2025 EDA Meeting Page 8 President Attest: Secretary RESOLUTION NO. 2025-23 A RESOLUTION OF THE COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY, ADOPTING A BUDGET FOR THE FISCAL YEAR OF 2026 AND AUTHORIZING A SPECIAL BENEFIT TAX LEVY, PAYABLE IN 2026. BE IT RESOLVED, by the Columbia Heights Economic Development Authority (the “EDA”) as follows: WHEREAS, the City of Columbia Heights (the “City”) established the EDA by an enabling resolution adopted on January 8, 1996, pursuant to Minnesota Statutes 469.090 to 469.1081 (the “EDA Act”); and WHEREAS, the City Council granted the EDA all powers and duties of a housing and redevelopment authority by an enabling resolution and ordinance adopted on October 22, 2001, pursuant to Minnesota Statutes 469.001 to 469.047 (the "HRA Act"), except certain powers that are allocated to the Housing and Redevelopment Authority in and for the City of Columbia Heights (the “HRA”); and WHEREAS, under Section 469.033 of the HRA Act, the EDA is authorized to levy a special benefit tax, in an amount not to exceed .0185 percent of the City’s estimated market value (the “HRA Levy”); and WHEREAS, by separate resolution, the EDA has before it for consideration a copy of the EDA budget for the fiscal year of 2026, and the proposed amount of the HRA Levy, payable in 2026, is based on said budget; NOW, THEREFORE BE IT RESOLVED, that, after appropriate examination and due consideration, the Board of Commissioners of the Columbia Heights Economic Development Authority herby: 1. adopts an HRA Levy payable in 2026 of $420,000 under Section 469.033 of the HRA Act; and 2. directs staff to take such actions necessary to file with the City and certify with the County of Anoka County, the HRA Levy in the amount of $420,000 for taxes payable in 2026 under Section 469.033 of the HRA Act. ORDER OF ECONOMIC DEVELOPMENT AUTHORITY Passed this 2nd of September 2025 Offered by: Connie Buesgens Seconded by: Amáda Márquez-Simula 10 Item 1. City of Columbia Heights MINUTES September 02, 2025 EDA Meeting Page 9 Roll Call: All ayes of present. MOTION PASSED. President Attest: Secretary 5. Executive Session: Develop or Consider Counteroffers for the Purchase of Real Property at 4024 - 4026 Central Ave NE. Closed per Minn. Stat. 13D.05, Subdivision 3(c). Voight stated that while the executive session is not open to the public, it will still be recorded and transcribed just like the rest of the meeting. The City is required to keep the recording and the transcription for a certain number of years. The meeting recording will be available to the public after any potential real estate transactions are completed. Until then, it will be held private. Motion by Márquez-Simula, seconded by Deneen, to recess to Closed Session pursuant to Minnesota Statutes 13D.05, Subdivision 3(c); members of the public will not be able to attend the executive session portion of the meeting. All ayes. MOTION PASSED. The EDA discussed the potential purchase of real property at 4024-4026 Central Ave NE. Motion by Szurek, seconded by Spriggs, to reconvene the open session. All ayes. MOTION PASSED. BUSINESS UPDATES A. NOAH Program Development Voight stated that the program documents are going back and forth through legal counsel. They are currently being reviewed by the CEE legal team. Staff hope to have all the documents before the EDA during the next meeting to review. Buesgens noted that she attended the last landlord meeting, and there were 40 people in the room. She wondered how many landlords in the room were for single-family, duplexes, fourplexes, or eightplexes. She mentioned it would be good to know who is in the room for those meetings. Márquez-Simula added that she has been asking for a renters meeting and thought it would be helpful to include renters meetings. B. SPAAR Key Communities Grant: Homeownership Resource Night Voight mentioned that the EDA received grant funding from the St. Paul Area Association for REALTORS related to housing choice and homeowner support. The EDA previously discussed the idea of doing multilingual resource sessions and workshops. A pilot initiative is being developed and will be in English and Spanish. It will be held on Tuesday, September 16th, from 5:00-7:00 pm. Staff have started to market the event on Facebook and have sent out flyers around the City. Staff have enlisted the utility billing colleagues to help get some addresses for new subscriptions. There will be presentations from SPAAR partners about myths of 11 Item 1. City of Columbia Heights MINUTES September 02, 2025 EDA Meeting Page 10 homeownership and from the City about permitting and time-of-sale questions. There will also be a presentation from the Partners in Energy team about energy and cost savings in housing. All of the information is included on the City’s website. James asked if the sessions would be recorded. Voight replied that they are working on that. James suggested recording it so that people could have the information available for the future , or those who missed the event could get the information. Márquez-Simula shared that she was awarded the SPAAR July 2025 REALTOR Champion of the Month. She added that she was awarded it on behalf of the Council and the City. Voight encouraged the Commissioners to register online for the SPAAR event. Voight mentioned that Forney sent out an email about the upcoming Fridley/Columbia Heights Business Council meeting. It will be on Friday morning at 8:00 am at Fridley City Hall. She asked the Commissioners to let staff know if they are able to attend the meeting. James asked what would be discussed at the meeting. Forney replied that the auto dealer s’ association of Minnesota would be in attendance. Márquez-Simula mentioned that there are some businesses that need upgrades to the outside of buildings. She wondered if there were more ways that the EDA could be connected to this kind of business development. Forney replied that staff could work on updating the EDA on code enforcement. Buesgens agreed with Márquez-Simula's comments. She added that when Central Avenue is completed, it will be a stark contrast to businesses that do not have updated buildings. ADJOURNMENT Motion by Márquez-Simula seconded by Deneen to adjourn the meeting at 5:56 pm. All ayes. MOTION PASSED. Respectfully submitted, 12 Item 1. City of Columbia Heights MINUTES September 02, 2025 EDA Meeting Page 11 _______________________________ Sarah LaVoie, Recording Secretary 13 Item 1. Resolution 2025-25 RESOLUTION NO. 2025-25 A RESOLUTION OF THE ECONOMIC DEVELOPMENT AUTHORITY OF COLUMBIA HEIGHTS, MINNESOTA, APPROVING THE FINANCIAL STATEMENTS FOR THE MONTH OF AUGUST 2025 AND THE PAYMENT OF THE BILLS FOR THE MONTH OF AUGUST 2025. WHEREAS, the Columbia Heights Economic Development Authority (the “EDA”) is required by Minnesota Statutes Section 469.096, Subd. 9, to prepare a detailed financial statement which shows all receipts and disbursements, their nature, the money on hand, the purposes to which the money on hand is to be applied, the EDA's credits and assets and its outstanding liabilities; and WHEREAS, said Statute also requires the EDA to examine the statement and treasurer's vouchers or bills and if correct, to approve them by resolution and enter the resolution in its records; and WHEREAS, the financial statements for the month of August 2025 have been reviewed by the EDA Commission; and WHEREAS, the EDA has examined the financial statements and finds them to be acceptable as to both form and accuracy; and WHEREAS, the EDA Commission has other means to verify the intent of Section 469.096, Subd. 9, including but not limited to Comprehensive Annual Financial Reports, Annual City approved Budgets, Audits and similar documentation; and WHEREAS, financial statements are held by the City’s Finance Department in a method outlined by the State of Minnesota’s Records Retention Schedule, NOW, THEREFORE BE IT RESOLVED by the Board of Commissioners of the Columbia Heights Economic Development Authority that it has examined the referenced financial statements including the check history, and they are found to be correct, as to form and content; and BE IT FURTHER RESOLVED the financial statements are acknowledged and received and the check history as presented in writing is approved for payment out of proper funds; and BE IT FURTHER RESOLVED this resolution is made as part of the permanent records of the Columbia Heights Economic Development Authority. ORDER OF ECONOMIC DEVELOPMENT AUTHORITY Passed this 6th day of October 2025 Offered by: Seconded by: Roll Call: Title: President Attest: Title: Secretary 14 Item 2. AmountInvoiceInvoice DateVendorInvoice Line DescGL Number INVOICE GL DISTRIBUTION REPORT FOR CITY OF COLUMBIA HEIGHTS 1/2Page:09/15/2025 03:02 PM User: suems DB: Columbia Heights EXP CHECK RUN DATES 08/01/2025 - 08/31/2025 BOTH JOURNALIZED AND UNJOURNALIZED PAID Check 203888 3.15 06282506/28/25ARVIG ENTERPRISES, INCCOMM DEV ADMIN (2.3%) INTERNET 0725204.6314.43250 3.15 Total For Check 203888 Check 203973 4,601.75 192407/25/25CAPATI-BERMEO INCFACADE IMPROVEMENT GRANT FUEGO GRILL408.6411.44600 4,601.75 Total For Check 203973 Check 203988 1,200.00 10186507/11/25EHLERS & ASSOCIATES INCMEDTRONIC REDEVELOPMENT CONSULTING 0625204.0000.22825 1,200.00 Total For Check 203988 Check 204005 2,266.00 359983607/31/25KUTAK ROCK LLPHABITAT FOR HUMANITY FORGIVABLE LOAN 204.6314.43045 2,266.00 Total For Check 204005 Check 204007 8,500.00 08062508/06/25LINCOLN AVENUE CAPITAL MGMT LLCREFUND OF EXCESS ESCROW - 800 53RD AVE204.0000.22825 8,500.00 Total For Check 204007 Check 204024 42.44 99288640307/26/25POPP.COM INC072625 - 10013121 PHONE COMMDEV ADMIN204.6314.43210 42.44 Total For Check 204024 Check 204102 1,155.00 14-VB08/08/25RTD POWER WASHING, INCSWEEPING - VAN BUREN RAMP228.6317.44020 1,155.00 Total For Check 204102 Check 204117 652.97 120530004708/07/25XCEL ENERGY (N S P)ELECTRIC228.6317.43810 652.97 Total For Check 204117 Check 204118 35,000.00 0820202508/20/25TWIN CITIES HABITAT FOR HUMANITY IN4243 5TH ST NE LOAN AGREEMENT408.6314.44600 35,000.00 Total For Check 204118 Check 2323 448,892.81 1ST HALF PAYG 2508/01/25BPOZ COLUMBIA HEIGHTS LLC OZ HLDGSLOANS & GRANTS392.7000.44600 448,892.81 Total For Check 2323 Check 2327 328,521.94 PAYG 1ST HALF T608/01/25COLUMBIA HEIGHTS LEASED HOUSING IIILOANS & GRANTS372.7000.44600 43,629.30 2025 Z6 1ST HALF08/01/25COLUMBIA HEIGHTS LEASED HOUSING IIILOANS & GRANTS375.7000.44600 372,151.24 Total For Check 2327 Check 2348 90.00 630606/13/25ECONOMIC DEVELOPMENT ASSOC. OF MNOPEN NETWORKING EVENT E. VOIGHT, M.FORNE204.6314.43105 90.00 Total For Check 2348 15 Item 2. AmountInvoiceInvoice DateVendorInvoice Line DescGL Number INVOICE GL DISTRIBUTION REPORT FOR CITY OF COLUMBIA HEIGHTS 2/2Page:09/15/2025 03:02 PM User: suems DB: Columbia Heights EXP CHECK RUN DATES 08/01/2025 - 08/31/2025 BOTH JOURNALIZED AND UNJOURNALIZED PAID 12,101.59 Fund 204 EDA ADMINISTRATION 1,807.97 Fund 228 DOWNTOWN PARKING 328,521.94 Fund 372 HUSET PARK AREA TIF (T6) 43,629.30 Fund 375 TIF Z6: 47TH & GRAND 448,892.81 Fund 392 TIF BB2 ALATUS 40TH AV 39,601.75 Fund 408 EDA REDEVELOPMENT PROJECT FD Fund Totals: 4,601.75 FACADE IMPROVEMENT GRANT FUEGO GRILL408.6411.44600 35,000.00 4243 5TH ST NE LOAN AGREEMENT408.6314.44600 448,892.81 LOANS & GRANTS392.7000.44600 43,629.30 LOANS & GRANTS375.7000.44600 328,521.94 LOANS & GRANTS372.7000.44600 1,155.00 SWEEPING - VAN BUREN RAMP228.6317.44020 652.97 ELECTRIC228.6317.43810 3.15 COMM DEV ADMIN (2.3%) INTERNET 0725204.6314.43250 42.44 072625 - 10013121 PHONE COMMDEV ADMIN204.6314.43210 90.00 OPEN NETWORKING EVENT E. VOIGHT, M.FORNE204.6314.43105 2,266.00 HABITAT FOR HUMANITY FORGIVABLE LOAN 204.6314.43045 9,700.00 MEDTRONIC REDEVELOPMENT CONSULTING 0625204.0000.22825 --- TOTALS BY GL DISTRIBUTION --- 874,555.36 Total For All Funds: 16 Item 2. REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 1/10Page:09/15/2025 03:01 PM User: suems DB: Columbia Heights PERIOD ENDING 08/31/2025 % BDGT USED UNENCUMBERED BALANCE YTD BALANCE 08/31/2025 ACTIVITY FOR MONTH 08/31/25 ENCUMBERED YEAR-TO-DATE 2025 AMENDED BUDGETDESCRIPTIONGL NUMBER Fund 204 - EDA ADMINISTRATION Revenues Dept 0000 - NON-DEPARTMENTAL TAXES 50.59 147,235.59 150,764.41 150,764.41 0.00 298,000.00 EDA CURRENT AD VALOREM204.0000.31011 51.66 37,221.68 39,778.32 39,778.32 0.00 77,000.00 AREA WIDE TAX204.0000.31014 100.00 (2,364.00)2,364.00 2,364.00 0.00 0.00 DELNQ. AD VALOREM204.0000.31020 100.00 (17.15)17.15 17.15 0.00 0.00 PAYMENT IN LIEU OF TAXES204.0000.31800 51.45 182,076.12 192,923.88 192,923.88 0.00 375,000.00 TAXES INTERGOVERNMENTAL 100.00 (1,500.00)1,500.00 1,500.00 0.00 0.00 OTHER LOCAL GOVT GRANT204.0000.33641 100.00 (1,500.00)1,500.00 1,500.00 0.00 0.00 INTERGOVERNMENTAL CHARGES FOR SERVICES 100.00 (30.00)30.00 0.00 0.00 0.00 ADMINISTRATIVE FEES204.0000.34112 100.00 (30.00)30.00 0.00 0.00 0.00 CHARGES FOR SERVICES MISCELLANEOUS 0.00 2,000.00 0.00 0.00 0.00 2,000.00 INTEREST ON INVESTMENTS204.0000.36210 0.00 2,000.00 0.00 0.00 0.00 2,000.00 MISCELLANEOUS 51.58 182,546.12 194,453.88 194,423.88 0.00 377,000.00 Total Dept 0000 - NON-DEPARTMENTAL 51.58 182,546.12 194,453.88 194,423.88 0.00 377,000.00 TOTAL REVENUES Expenditures Dept 6314 - ECONOMIC DEVELOPMENT AUTH PERSONNEL SERVICES 71.28 53,757.33 133,442.67 16,603.04 0.00 187,200.00 REGULAR EMPLOYEES204.6314.41010 70.67 4,106.49 9,893.51 1,186.37 0.00 14,000.00 P.E.R.A. CONTRIBUTION204.6314.41210 69.86 4,309.63 9,990.37 1,241.60 0.00 14,300.00 F.I.C.A. CONTRIBUTION204.6314.41220 42.19 14,162.80 10,337.20 1,281.70 0.00 24,500.00 INSURANCE204.6314.41300 69.27 215.10 484.90 58.10 0.00 700.00 WORKERS COMP INSURANCE PREM204.6314.41510 0.00 9,400.00 0.00 0.00 0.00 9,400.00 COLA ALLOWANCE204.6314.41810 65.63 85,951.35 164,148.65 20,370.81 0.00 250,100.00 PERSONNEL SERVICES SUPPLIES 18.11 163.78 36.22 0.00 0.00 200.00 OFFICE SUPPLIES204.6314.42000 0.00 200.00 0.00 0.00 0.00 200.00 MINOR EQUIPMENT204.6314.42010 0.00 200.00 0.00 0.00 0.00 200.00 GENERAL SUPPLIES204.6314.42171 0.00 200.00 0.00 0.00 0.00 200.00 FOOD SUPPLIES204.6314.42175 4.53 763.78 36.22 0.00 0.00 800.00 SUPPLIES OTHER SERVICES & CHARGES 100.00 (2,939.80)2,939.80 0.00 0.00 0.00 ATTORNEY FEES-OTHER204.6314.43045 170.20 (6,247.50)15,147.50 1,210.50 0.00 8,900.00 EXPERT & PROFESSIONAL SERV.204.6314.43050 61.31 1,625.00 2,575.00 0.00 0.00 4,200.00 TRAINING & EDUCATION ACTIVITIES204.6314.43105 108.02 (72.21)493.38 0.00 478.83 900.00 TELEPHONE204.6314.43210 70.83 233.36 566.64 0.00 0.00 800.00 POSTAGE204.6314.43220 69.38 91.85 208.15 23.16 0.00 300.00 OTHER TELECOMMUNICATIONS204.6314.43250 17 Item 2. REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 2/10Page:09/15/2025 03:01 PM User: suems DB: Columbia Heights PERIOD ENDING 08/31/2025 % BDGT USED UNENCUMBERED BALANCE YTD BALANCE 08/31/2025 ACTIVITY FOR MONTH 08/31/25 ENCUMBERED YEAR-TO-DATE 2025 AMENDED BUDGETDESCRIPTIONGL NUMBER Fund 204 - EDA ADMINISTRATION Expenditures 0.00 200.00 0.00 0.00 0.00 200.00 LOCAL TRAVEL EXPENSE204.6314.43310 50.00 750.00 750.00 0.00 0.00 1,500.00 OUT OF TOWN TRAVEL EXPENSE204.6314.43320 0.00 200.00 0.00 0.00 0.00 200.00 LEGAL NOTICE PUBLISHING204.6314.43500 66.67 1,166.64 2,333.36 291.67 0.00 3,500.00 PROP & LIAB INSURANCE204.6314.43600 0.00 400.00 0.00 0.00 0.00 400.00 REPAIR & MAINT. SERVICES204.6314.44000 594.97 (5,444.70)1,988.18 0.00 4,556.52 1,100.00 SOFTWARE & SOFTWARE SUBSCRIPTIONS204.6314.44030 66.67 3,166.64 6,333.36 791.67 0.00 9,500.00 INFORMATION SYS:INTERNAL SVC204.6314.44040 57.86 295.00 405.00 0.00 0.00 700.00 SUBSCRIPTION, MEMBERSHIP204.6314.44330 0.00 800.00 0.00 0.00 0.00 800.00 COMMISSION & BOARDS204.6314.44380 117.50 (5,775.72)33,740.37 2,317.00 5,035.35 33,000.00 OTHER SERVICES & CHARGES CONTINGENCIES & TRANSFERS 58.43 10,433.36 14,666.64 1,833.33 0.00 25,100.00 OPER. TRANSFER OUT - LABOR204.6314.47100 58.43 10,433.36 14,666.64 1,833.33 0.00 25,100.00 CONTINGENCIES & TRANSFERS 70.43 91,372.77 212,591.88 24,521.14 5,035.35 309,000.00 Total Dept 6314 - ECONOMIC DEVELOPMENT AUTH 70.43 91,372.77 212,591.88 24,521.14 5,035.35 309,000.00 TOTAL EXPENDITURES 34.08 91,173.35 (18,138.00)169,902.74 (5,035.35)68,000.00 NET OF REVENUES & EXPENDITURES 70.43 91,372.77 212,591.88 24,521.14 5,035.35 309,000.00 TOTAL EXPENDITURES 51.58 182,546.12 194,453.88 194,423.88 0.00 377,000.00 TOTAL REVENUES Fund 204 - EDA ADMINISTRATION: 18 Item 2. REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 3/10Page:09/15/2025 03:01 PM User: suems DB: Columbia Heights PERIOD ENDING 08/31/2025 % BDGT USED UNENCUMBERED BALANCE YTD BALANCE 08/31/2025 ACTIVITY FOR MONTH 08/31/25 ENCUMBERED YEAR-TO-DATE 2025 AMENDED BUDGETDESCRIPTIONGL NUMBER Fund 228 - DOWNTOWN PARKING Revenues Dept 0000 - NON-DEPARTMENTAL TRANSFERS & NON-REV RECEIPTS 66.67 19,333.36 38,666.64 4,833.33 0.00 58,000.00 TRANSFER IN-SPECIAL PROJ REV228.0000.39247 66.67 19,333.36 38,666.64 4,833.33 0.00 58,000.00 TRANSFERS & NON-REV RECEIPTS 66.67 19,333.36 38,666.64 4,833.33 0.00 58,000.00 Total Dept 0000 - NON-DEPARTMENTAL 66.67 19,333.36 38,666.64 4,833.33 0.00 58,000.00 TOTAL REVENUES Expenditures Dept 6317 - DOWNTOWN PARKING SUPPLIES 6.60 1,401.05 98.95 0.00 0.00 1,500.00 OTHER TECHNOLOGY EQUIPMENT228.6317.42012 6.60 1,401.05 98.95 0.00 0.00 1,500.00 SUPPLIES OTHER SERVICES & CHARGES 100.00 (4,276.73)4,276.73 0.00 0.00 0.00 EXPERT & PROFESSIONAL SERV.228.6317.43050 66.67 1,233.36 2,466.64 308.33 0.00 3,700.00 PROP & LIAB INSURANCE228.6317.43600 73.17 563.34 1,536.66 249.54 0.00 2,100.00 UTILITY SERVICES228.6317.43800 44.57 7,428.14 5,971.86 652.97 0.00 13,400.00 ELECTRIC228.6317.43810 51.50 17,073.61 17,512.09 225.00 614.30 35,200.00 REPAIR & MAINT. SERVICES228.6317.44000 79.35 413.00 1,587.00 1,155.00 0.00 2,000.00 BLDG MAINT CONTRACTUAL SERVICES228.6317.44020 0.00 100.00 0.00 0.00 0.00 100.00 TAXES & LICENSES228.6317.44390 60.12 22,534.72 33,350.98 2,590.84 614.30 56,500.00 OTHER SERVICES & CHARGES 58.73 23,935.77 33,449.93 2,590.84 614.30 58,000.00 Total Dept 6317 - DOWNTOWN PARKING 58.73 23,935.77 33,449.93 2,590.84 614.30 58,000.00 TOTAL EXPENDITURES 100.00 (4,602.41)5,216.71 2,242.49 (614.30)0.00 NET OF REVENUES & EXPENDITURES 58.73 23,935.77 33,449.93 2,590.84 614.30 58,000.00 TOTAL EXPENDITURES 66.67 19,333.36 38,666.64 4,833.33 0.00 58,000.00 TOTAL REVENUES Fund 228 - DOWNTOWN PARKING: 19 Item 2. REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 4/10Page:09/15/2025 03:01 PM User: suems DB: Columbia Heights PERIOD ENDING 08/31/2025 % BDGT USED UNENCUMBERED BALANCE YTD BALANCE 08/31/2025 ACTIVITY FOR MONTH 08/31/25 ENCUMBERED YEAR-TO-DATE 2025 AMENDED BUDGETDESCRIPTIONGL NUMBER Fund 372 - HUSET PARK AREA TIF (T6) Revenues Dept 0000 - NON-DEPARTMENTAL TAXES 41.06 518,658.16 361,341.84 361,341.84 0.00 880,000.00 CURRENT AD VALOREM372.0000.31010 100.00 (10,286.20)10,286.20 10,286.20 0.00 0.00 DELNQ. AD VALOREM372.0000.31020 42.23 508,371.96 371,628.04 371,628.04 0.00 880,000.00 TAXES MISCELLANEOUS 0.00 10,000.00 0.00 0.00 0.00 10,000.00 INTEREST ON INVESTMENTS372.0000.36210 0.00 10,000.00 0.00 0.00 0.00 10,000.00 MISCELLANEOUS 41.76 518,371.96 371,628.04 371,628.04 0.00 890,000.00 Total Dept 0000 - NON-DEPARTMENTAL 41.76 518,371.96 371,628.04 371,628.04 0.00 890,000.00 TOTAL REVENUES Expenditures Dept 7000 - BONDS OTHER SERVICES & CHARGES 66.65 3,335.28 5,364.72 0.00 1,300.00 10,000.00 EXPERT & PROFESSIONAL SERV.372.7000.43050 73.00 121,478.06 328,521.94 328,521.94 0.00 450,000.00 LOANS & GRANTS372.7000.44600 72.87 124,813.34 333,886.66 328,521.94 1,300.00 460,000.00 OTHER SERVICES & CHARGES CAPITAL OUTLAY 100.00 0.00 145,000.00 0.00 0.00 145,000.00 PRINCIPAL372.7000.46010 100.05 (25.00)45,925.00 21,875.00 0.00 45,900.00 INTEREST372.7000.46110 111.67 (175.00)475.00 0.00 1,200.00 1,500.00 FISCAL AGENT CHARGES372.7000.46200 100.10 (200.00)191,400.00 21,875.00 1,200.00 192,400.00 CAPITAL OUTLAY 80.90 124,613.34 525,286.66 350,396.94 2,500.00 652,400.00 Total Dept 7000 - BONDS 80.90 124,613.34 525,286.66 350,396.94 2,500.00 652,400.00 TOTAL EXPENDITURES 65.72 393,758.62 (153,658.62)21,231.10 (2,500.00)237,600.00 NET OF REVENUES & EXPENDITURES 80.90 124,613.34 525,286.66 350,396.94 2,500.00 652,400.00 TOTAL EXPENDITURES 41.76 518,371.96 371,628.04 371,628.04 0.00 890,000.00 TOTAL REVENUES Fund 372 - HUSET PARK AREA TIF (T6): 20 Item 2. REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 5/10Page:09/15/2025 03:01 PM User: suems DB: Columbia Heights PERIOD ENDING 08/31/2025 % BDGT USED UNENCUMBERED BALANCE YTD BALANCE 08/31/2025 ACTIVITY FOR MONTH 08/31/25 ENCUMBERED YEAR-TO-DATE 2025 AMENDED BUDGETDESCRIPTIONGL NUMBER Fund 375 - TIF Z6: 47TH & GRAND Revenues Dept 0000 - NON-DEPARTMENTAL TAXES 100.00 (48,477.00)48,477.00 48,477.00 0.00 0.00 CURRENT AD VALOREM375.0000.31010 100.00 (48,477.00)48,477.00 48,477.00 0.00 0.00 TAXES 100.00 (48,477.00)48,477.00 48,477.00 0.00 0.00 Total Dept 0000 - NON-DEPARTMENTAL 100.00 (48,477.00)48,477.00 48,477.00 0.00 0.00 TOTAL REVENUES Expenditures Dept 7000 - BONDS OTHER SERVICES & CHARGES 100.00 (1,289.72)689.72 0.00 600.00 0.00 EXPERT & PROFESSIONAL SERV.375.7000.43050 100.00 (43,629.30)43,629.30 43,629.30 0.00 0.00 LOANS & GRANTS375.7000.44600 100.00 (44,919.02)44,319.02 43,629.30 600.00 0.00 OTHER SERVICES & CHARGES 100.00 (44,919.02)44,319.02 43,629.30 600.00 0.00 Total Dept 7000 - BONDS 100.00 (44,919.02)44,319.02 43,629.30 600.00 0.00 TOTAL EXPENDITURES 100.00 (3,557.98)4,157.98 4,847.70 (600.00)0.00 NET OF REVENUES & EXPENDITURES 100.00 (44,919.02)44,319.02 43,629.30 600.00 0.00 TOTAL EXPENDITURES 100.00 (48,477.00)48,477.00 48,477.00 0.00 0.00 TOTAL REVENUES Fund 375 - TIF Z6: 47TH & GRAND: 21 Item 2. REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 6/10Page:09/15/2025 03:01 PM User: suems DB: Columbia Heights PERIOD ENDING 08/31/2025 % BDGT USED UNENCUMBERED BALANCE YTD BALANCE 08/31/2025 ACTIVITY FOR MONTH 08/31/25 ENCUMBERED YEAR-TO-DATE 2025 AMENDED BUDGETDESCRIPTIONGL NUMBER Fund 391 - SCATTERED SITE TIF W3/W4 Revenues Dept 0000 - NON-DEPARTMENTAL TAXES 100.00 (30,112.55)30,112.55 30,112.55 0.00 0.00 CURRENT AD VALOREM391.0000.31010 100.00 (30,112.55)30,112.55 30,112.55 0.00 0.00 TAXES 100.00 (30,112.55)30,112.55 30,112.55 0.00 0.00 Total Dept 0000 - NON-DEPARTMENTAL 100.00 (30,112.55)30,112.55 30,112.55 0.00 0.00 TOTAL REVENUES Expenditures Dept 7000 - BONDS OTHER SERVICES & CHARGES 100.00 (2,166.44)1,566.44 0.00 600.00 0.00 EXPERT & PROFESSIONAL SERV.391.7000.43050 100.00 (2,166.44)1,566.44 0.00 600.00 0.00 OTHER SERVICES & CHARGES 100.00 (2,166.44)1,566.44 0.00 600.00 0.00 Total Dept 7000 - BONDS 100.00 (2,166.44)1,566.44 0.00 600.00 0.00 TOTAL EXPENDITURES 100.00 (27,946.11)28,546.11 30,112.55 (600.00)0.00 NET OF REVENUES & EXPENDITURES 100.00 (2,166.44)1,566.44 0.00 600.00 0.00 TOTAL EXPENDITURES 100.00 (30,112.55)30,112.55 30,112.55 0.00 0.00 TOTAL REVENUES Fund 391 - SCATTERED SITE TIF W3/W4: 22 Item 2. REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 7/10Page:09/15/2025 03:01 PM User: suems DB: Columbia Heights PERIOD ENDING 08/31/2025 % BDGT USED UNENCUMBERED BALANCE YTD BALANCE 08/31/2025 ACTIVITY FOR MONTH 08/31/25 ENCUMBERED YEAR-TO-DATE 2025 AMENDED BUDGETDESCRIPTIONGL NUMBER Fund 392 - TIF BB2 ALATUS 40TH AV Revenues Dept 0000 - NON-DEPARTMENTAL TAXES 100.00 (472,518.75)472,518.75 472,518.75 0.00 0.00 CURRENT AD VALOREM392.0000.31010 100.00 (472,518.75)472,518.75 472,518.75 0.00 0.00 TAXES 100.00 (472,518.75)472,518.75 472,518.75 0.00 0.00 Total Dept 0000 - NON-DEPARTMENTAL 100.00 (472,518.75)472,518.75 472,518.75 0.00 0.00 TOTAL REVENUES Expenditures Dept 7000 - BONDS OTHER SERVICES & CHARGES 100.00 (1,646.02)1,046.02 0.00 600.00 0.00 EXPERT & PROFESSIONAL SERV.392.7000.43050 100.00 (448,892.81)448,892.81 448,892.81 0.00 0.00 LOANS & GRANTS392.7000.44600 100.00 (450,538.83)449,938.83 448,892.81 600.00 0.00 OTHER SERVICES & CHARGES 100.00 (450,538.83)449,938.83 448,892.81 600.00 0.00 Total Dept 7000 - BONDS 100.00 (450,538.83)449,938.83 448,892.81 600.00 0.00 TOTAL EXPENDITURES 100.00 (21,979.92)22,579.92 23,625.94 (600.00)0.00 NET OF REVENUES & EXPENDITURES 100.00 (450,538.83)449,938.83 448,892.81 600.00 0.00 TOTAL EXPENDITURES 100.00 (472,518.75)472,518.75 472,518.75 0.00 0.00 TOTAL REVENUES Fund 392 - TIF BB2 ALATUS 40TH AV: 23 Item 2. REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 8/10Page:09/15/2025 03:01 PM User: suems DB: Columbia Heights PERIOD ENDING 08/31/2025 % BDGT USED UNENCUMBERED BALANCE YTD BALANCE 08/31/2025 ACTIVITY FOR MONTH 08/31/25 ENCUMBERED YEAR-TO-DATE 2025 AMENDED BUDGETDESCRIPTIONGL NUMBER Fund 393 - TIF BB6 ALATUS 4300 CENTRAL Expenditures Dept 7000 - BONDS OTHER SERVICES & CHARGES 100.00 (1,271.02)671.02 0.00 600.00 0.00 EXPERT & PROFESSIONAL SERV.393.7000.43050 100.00 (1,271.02)671.02 0.00 600.00 0.00 OTHER SERVICES & CHARGES CONTINGENCIES & TRANSFERS 0.00 346,000.00 0.00 0.00 0.00 346,000.00 TRANSFER OUT TO BONDS393.7000.47160 0.00 346,000.00 0.00 0.00 0.00 346,000.00 CONTINGENCIES & TRANSFERS 0.37 344,728.98 671.02 0.00 600.00 346,000.00 Total Dept 7000 - BONDS 0.37 344,728.98 671.02 0.00 600.00 346,000.00 TOTAL EXPENDITURES 0.37 (344,728.98)(671.02)0.00 (600.00)(346,000.00)NET OF REVENUES & EXPENDITURES 0.37 344,728.98 671.02 0.00 600.00 346,000.00 TOTAL EXPENDITURES 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL REVENUES Fund 393 - TIF BB6 ALATUS 4300 CENTRAL: 24 Item 2. REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 9/10Page:09/15/2025 03:01 PM User: suems DB: Columbia Heights PERIOD ENDING 08/31/2025 % BDGT USED UNENCUMBERED BALANCE YTD BALANCE 08/31/2025 ACTIVITY FOR MONTH 08/31/25 ENCUMBERED YEAR-TO-DATE 2025 AMENDED BUDGETDESCRIPTIONGL NUMBER Fund 408 - EDA REDEVELOPMENT PROJECT FD Revenues Dept 0000 - NON-DEPARTMENTAL TAXES 55.62 144,249.34 180,750.66 180,750.66 0.00 325,000.00 HRA CURRENT AD VALOREM408.0000.31012 35.49 64,513.00 35,487.00 35,487.00 0.00 100,000.00 AREA WIDE TAX408.0000.31014 100.00 (2,405.21)2,405.21 2,405.21 0.00 0.00 DELNQ. AD VALOREM408.0000.31020 51.45 206,357.13 218,642.87 218,642.87 0.00 425,000.00 TAXES 51.45 206,357.13 218,642.87 218,642.87 0.00 425,000.00 Total Dept 0000 - NON-DEPARTMENTAL 51.45 206,357.13 218,642.87 218,642.87 0.00 425,000.00 TOTAL REVENUES Expenditures Dept 6314 - ECONOMIC DEVELOPMENT AUTH OTHER SERVICES & CHARGES 100.00 (57.60)57.60 0.00 0.00 0.00 EXPERT & PROFESSIONAL SERV.408.6314.43050 100.00 (814.00)814.00 0.00 0.00 0.00 MISC. CHARGES408.6314.44300 100.00 (35,000.00)35,000.00 35,000.00 0.00 0.00 LOANS & GRANTS408.6314.44600 100.00 (35,871.60)35,871.60 35,000.00 0.00 0.00 OTHER SERVICES & CHARGES 100.00 (35,871.60)35,871.60 35,000.00 0.00 0.00 Total Dept 6314 - ECONOMIC DEVELOPMENT AUTH Dept 6411 - FACADE IMPROVEMENT GRANT SUPPLIES 100.00 (55.85)55.85 55.85 0.00 0.00 MINOR EQUIPMENT408.6411.42010 100.00 (55.85)55.85 55.85 0.00 0.00 SUPPLIES OTHER SERVICES & CHARGES 100.00 (21,637.94)21,637.94 0.00 0.00 0.00 LOANS & GRANTS408.6411.44600 100.00 (21,637.94)21,637.94 0.00 0.00 0.00 OTHER SERVICES & CHARGES 100.00 (21,693.79)21,693.79 55.85 0.00 0.00 Total Dept 6411 - FACADE IMPROVEMENT GRANT Dept 6414 - COMMERCIAL REVITALIZATION OTHER SERVICES & CHARGES 100.00 (130.54)130.54 0.00 0.00 0.00 TAXES & LICENSES408.6414.44390 0.00 200,000.00 0.00 0.00 0.00 200,000.00 LOANS & GRANTS408.6414.44600 0.07 199,869.46 130.54 0.00 0.00 200,000.00 OTHER SERVICES & CHARGES CAPITAL OUTLAY 0.00 200,000.00 0.00 0.00 0.00 200,000.00 LAND408.6414.45110 0.00 200,000.00 0.00 0.00 0.00 200,000.00 CAPITAL OUTLAY 0.03 399,869.46 130.54 0.00 0.00 400,000.00 Total Dept 6414 - COMMERCIAL REVITALIZATION 25 Item 2. REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 10/10Page:09/15/2025 03:01 PM User: suems DB: Columbia Heights PERIOD ENDING 08/31/2025 % BDGT USED UNENCUMBERED BALANCE YTD BALANCE 08/31/2025 ACTIVITY FOR MONTH 08/31/25 ENCUMBERED YEAR-TO-DATE 2025 AMENDED BUDGETDESCRIPTIONGL NUMBER Fund 408 - EDA REDEVELOPMENT PROJECT FD Expenditures 14.42 342,304.07 57,695.93 35,055.85 0.00 400,000.00 TOTAL EXPENDITURES 643.79 (135,946.94)160,946.94 183,587.02 0.00 25,000.00 NET OF REVENUES & EXPENDITURES 14.42 342,304.07 57,695.93 35,055.85 0.00 400,000.00 TOTAL EXPENDITURES 51.45 206,357.13 218,642.87 218,642.87 0.00 425,000.00 TOTAL REVENUES Fund 408 - EDA REDEVELOPMENT PROJECT FD: 249.55 (53,830.37)48,980.02 435,549.54 (10,549.65)(15,400.00)NET OF REVENUES & EXPENDITURES 75.68 429,330.64 1,325,519.71 905,086.88 10,549.65 1,765,400.00 TOTAL EXPENDITURES - ALL FUNDS 78.54 375,500.27 1,374,499.73 1,340,636.42 0.00 1,750,000.00 TOTAL REVENUES - ALL FUNDS 26 Item 2. ITEM: Fire Suppression Grant Application (Sister Bud, LLC). DEPARTMENT: Community Development BY/DATE: CD Staff, 09/30/2025 CORE CITY STRATEGIES: _Community that Grows with Purpose and Equity _High Quality Public Spaces X Safe, Accessible and Built for Everyone _Engaged, Effective and Forward-Thinking _Resilient and Prosperous Economy _Inclusive and Connected Community BACKGROUND: In 2022, the EDA created the Fire Suppression Grant Program to assist local businesses with the expenses incurred when installing fire suppression systems within commercial buildings. Many of the commercial properties in Columbia Heights do not have fire suppression systems. Certain businesses and changes of use require the addition of fire suppression systems to existing buildings. Earlier this year, the EDA budgeted additional funds for the Fire Suppression Grant Program and increased the maximum available grant award per applicant from $30,000 to $50,000. One of the future tenants of 5011 University Ave has submitted an application for this grant program. The prospective tenant, Sister Bud, LLC, is a cannabis retailer that is currently working with the owner of the building to build out a cannabis retail space. Since this proposed new business requires a change of use, the new business is required to install a sprinkler system in the building. Additionally, since the new retail space will be located in a strip mall, the entirety of the strip mall must be sprinkled. This requirement is established via Minnesota State Statute Chapter 1306.0020 MUNICIPAL OPTION Subp. 2. “Existing and new buildings.” The applicant has provided more than the required two quotes from licensed fire protection contractors, as well as two quotes from water main contractors. The lowest bids for the project total $104,225. The quotes have been included in the meeting packet. In the 202 5 budgeting process, the EDA allocated $100,000 to the program and increased the amount accessible per grant award. So far in 2025, there has been one applicant that was awarded a grant of $30,000. This leaves $70,000 in grant funds available for the remainder of 2025. Staff recommend approval of the application at the maximum reimbursement allowance of $50,000. As demonstrated by the quotes provided by the applicant, the price of adding fire suppression systems is cost prohibitive for small businesses. Installation of the required fire suppression system in the structure will help modernize the entire building, not solely the new retail space, and will help ensure that it can be used in a safe manner by current and future tenants. ECONOMIC DEVELOPMENT AUTHORITY AGENDA SECTION BUSINESS ITEMS MEETING DATE 10/06/2025 27 Item 3. City of Columbia Heights - EDA Letter Page 2 RECOMMENDED MOTION(S): MOTION: Move to waive the reading of Resolution 2025-26, there being ample copies available to the public. MOTION: Move to approve Resolution 2025-26, a resolution of the Economic Development Authority of Columbia Heights, Minnesota, approving the form and substance of the Fire Suppression Grant Agreement, and approving authority staff and officials to take all actions necessary to enter the authority into the Fire Suppression Grant Agreement with Sister Bud, LLC. ATTACHMENT(S) 1. Resolution 2025-26 2. 5011 University Ave NE (Sister Bud, LLC) Fire Suppression Grant Application 3. Draft Fire Suppression Grant Agreement 28 Item 3. Resolution 2025-26 RESOLUTION NO. 2025-26 A RESOLUTION OF THE ECONOMIC DEVELOPMENT AUTHORITY OF COLUMBIA HEIGHTS, MINNESOTA, APPROVING THE FORM AND SUBSTANCE OF THE FIRE SUPPRESSION GRANT AGREEMENT, AND APPROVING AUTHORITY STAFF AND OFFICIALS TO TAKE ALL ACTIONS NECESSARY TO ENTER THE AUTHORITY INTO THE FIRE SUPPRESSION GRANT AGREEMENT WITH SISTER BUD, LLC. WHEREAS, the City of Columbia Heights (the “City”) and the Columbia Heights Economic Development Authority (the “Authority”) have collaborated to create a certain Fire Suppression Grant Program (the “Program”); and WHEREAS, pursuant to guidelines established for the Program, the Authority is to award and administer a series of grants to eligible commercial or industrial property owners and/or tenants for the purposes of revitalizing, rehabilitating, and restoring buildings, and increasing business vitality, economic performance, and public safety; and WHEREAS, the Authority has thoroughly reviewed copies of the proposed form of the Grant Agreement. NOW, THEREFORE BE IT RESOLVED that, after appropriate examination and due consideration, the Authority: 1. approves the form and substance of the grant agreement and approves the Authority entering into the agreement with Sister Bud, LLC. 2. that the City Manager, as the Executive Director of the Authority, is hereby authorized, empowered and directed for and on behalf of the Authority to enter into the grant agreement. 3. that the City Manager, as the Executive Director of the Authority, is hereby authorized and directed to execute and take such action as they deem necessary and appropriate to carry out the purpose of the foregoing resolution. ORDER OF ECONOMIC DEVELOPMENT AUTHORITY Adopted this 6th day of October, 2025 Offered by: Seconded by: Roll Call: President Attest: Secretary 29 Item 3. 30 Item 3. 31 Item 3. 32 Item 3. 33 Item 3. 34 Item 3. 35 Item 3. 36 Item 3. 37 Item 3. 38 Item 3. 39 Item 3. 40 Item 3. 41 Item 3. 42 Item 3. 43 Item 3. 44 Item 3. 45 Item 3. 46 Item 3. 47 Item 3. 48 Item 3. FIRE SUPPRESSION GRANT AGREEMENT THIS FIRE SUPPRESSION GRANT AGREEMENT (“Agreement”), dated this ___ day of ___________, 2025 (the “Effective Date”), is entered into by and between Sister Bud, LLC (the “Grantee”), and the Columbia Heights Economic Development Authority (the “EDA”). RECITALS WHEREAS, Grantee is the tenant of certain Property located at 5011 University Ave NE in the City of Columbia Heights (the “City”), Anoka County, Minnesota, and legally described in Exhibit A hereto (the “Property”); WHEREAS, the EDA has instituted a Fire Suppression Grant Program (the “Program”) for the purpose of revitalizing existing commercial spaces, increasing business vitality, and bolstering public safety; WHEREAS, as part of the Program, the EDA has proposed to make grants of money in the maximum amount of Fifty Thousand Dollars ($50,000.00) per parcel of real property, to property owners, tenants, or nonprofit organizations, in order to promote safety, attract new businesses, and revitalize commercial buildings within the City; and WHEREAS, Grantee desires to participate in the Program, on the terms and conditions set forth below. NOW, THEREFORE, in consideration of the premises and of the agreements hereinafter contained, the parties agree as follows: 1. Fire Suppression Improvements: Grantee agrees to complete the fire suppression improvements at the Property that are identified on Exhibit B attached hereto (the “Improvements”), subject to the following terms and conditions: a. Grantee shall provide plans and specifications to the EDA, detailing the Improvements to be completed (the “Plans”). If Grantee wishes to revise the Plans, Grantee must submit the revised Plans to the EDA at the address provided herein. The EDA shall give written notice of its approval or disapproval of the revisions to the Plans, and if the EDA does not give such written approval or disapproval within thirty (30) business days after receipt of Grantee’s revised Plans, the EDA shall be deemed to have approved the revisions to the Plans. b. The Improvements shall be constructed consistently with the Plans, as the same may be revised pursuant to Section 1(a) herein. The cost to complete construction of the Improvements shall be defined as the “Improvement Costs.” The Improvements shall be completed in a first-class manner, consistent with the Plans, if any, and in compliance with all applicable laws, rules, and regulations. Grantee shall obtain all required permits and approvals 49 Item 3. 2 from the City and any other governing authority with jurisdiction over the Property related to the construction of the Improvements. The out-of-pocket costs for such permitting and approvals shall be the responsibility of Grantee, provided the same shall be included in the definition of “Improvement Costs,” and subject to the provisions of Section 2 of this Agreement. c. Grantee agrees to commence the Improvements within sixty (60) days following the signing of the Agreement, and to complete the Improvements within ten (10) months but may request a six (6) month extension provided there is demonstrated hardship. 2. Payment of Grant Funds: Grantee shall be responsible for making initial payment to all contractors involved in the construction of the Improvements. Upon final completion of the Improvements, Grantee shall make a written request to the EDA for reimbursement of one-half (1/2) of the actual Improvement Costs incurred by Grantee, but in no event shall the reimbursement exceed Fifty Thousand Dollars ($50,0000.00). The written request shall include: a. Proof of all inspections of the Improvements by the City Building Official and Fire Department; b. Before and after photographs of Improvements made (as well as follow-up transmission of electronic files of such photographs), and reflecting that the Improvements were completed consistently with any approved Plans; c. A copy of the final invoice(s) received from the licensed fire protection contractor(s) who completed the Improvements; d. Proof of payment of invoice(s) that comprised the Improvement Costs; and e. Copies of all applicable permit(s). Following Grantee’s written request for reimbursement, Grantee shall cooperate with the EDA in delivering to the EDA such follow-up information as is reasonably requested by the EDA in order to review the Improvements and Improvement Costs reimbursement request. Within twenty-one (21) days following receipt of Grantee’s written request for reimbursement of Improvement Costs, the EDA shall: (i) make payment of the reimbursement, (ii) send Grantee written explanation of such other items of information as are needed by the EDA to evaluate the reimbursement request, or (iii) send Grantee written explanation of the EDA’s reasons for denial of repayment of any of Grantee’s requested reimbursement. 3. Liability for Improvements: Neither the City nor the EDA shall in any event be liable to the Grantee, nor to any of its agents, employees, guests or invitees at the Property for, and the Grantee shall indemnify, save, defend, and hold harmless the City and the EDA from, any claims or causes of action, including attorney’s fees incurred by the City or the EDA, arising from defect or claimed defect of any of the Improvements, or arising from any action of the City or the EDA under this Agreement. This section shall survive the termination or expiration of this Agreement. 50 Item 3. 3 4. Written Notice: Wherever any notice is required or permitted hereunder, such notice shall be in writing. Any notice or document required or permitted to be delivered hereunder shall be deemed to be delivered when actually received by the designated addressee or regardless of whether actually received or not, when deposited in the United States Mail, postage prepaid, certified mail, return receipt requested, addressed to the parties hereto at their respective addresses, as set forth below, or at such other address as they may subsequently specify by written notice. If to the EDA: Columbia Heights EDA Community Development Department 3989 Central Ave NE Columbia Heights, MN 55421 If to Grantee: Sister Bud, LLC Attn: Diane Jackson 6705 Oak Grove Parkway #1124 Brooklyn Park, MN 55445 5. Captions; Choice of Law; Etc. The paragraph headings or captions appearing in this Agreement are for convenience only, are not a part of this Agreement, and are not to be considered in interpreting this Agreement. This Agreement constitutes the complete agreement between the parties and supersedes any prior oral or written agreements between the parties regarding the subject matter contained herein. There are no verbal agreements that change this Agreement. This Agreement binds and benefits the parties hereto and their successors and assigns. This Agreement has been made under the laws of the State of Minnesota, and such laws will control its interpretation. [Signatures to Appear on Following Page] 51 Item 3. 4 IN WITNESS WHEREOF, Grantee and the EDA have signed this Agreement as of the day and year first above written. GRANTEE: Sister Bud, LLC By:____________________________ Name: _________________________ Its:____________________________ Date:__________________________ EDA: COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY By: Name: _________________________ Its:____________________________ Date:__________________________ 52 Item 3. 5 EXHIBIT A LEGAL DESCRIPTION OF PROPERTY LOTS 16 THRU 18 & LOT 19 EX N 30 FT THEREOF, BLK 12 ROSLYN PARK, SUBJ TO EASE OF REC 53 Item 3. 6 EXHIBIT B PROPERTY IMPROVEMENTS SUBJECT TO A 50% REIMBURSEMENT This attachment contains a summary of the project identified in the application for the Fire Suppression Grant Program. The summary reflects the Grantee’s proposed project as approved by the EDA on October 6th, 2025, and may reflect minor changes to the total cost and minor changes in the proposed project that occurred subsequent to application submission. The application is incorporated into this grant agreement by reference and is made a part of this grant agreement as follows. If the application or any provision in this application conflicts with or is inconsistent with other provisions of this agreement or the project summary contained in this Exhibit B, the terms and descriptions contained in this grant agreement and the project summary shall prevail. Project summary: Install a new water line to the building and establish a fire suppression system to cover the entire building for City compliance, at the cost of $104,225.00. 54 Item 3. ITEM: NOAH Program Proposal Review. DEPARTMENT: Community Development BY/DATE: CD Coordinator, 10/03/2025 CORE CITY STRATEGIES: (please indicate areas that apply by adding an “X” in front of the selected text below) _Community that Grows with Purpose and Equity _High Quality Public Spaces X Safe, Accessible and Built for Everyone _Engaged, Effective and Forward-Thinking _Resilient and Prosperous Economy _Inclusive and Connected Community BACKGROUND: Following EDA discussions in February and June, staff are bringing forward a proposal for the creation of the Columbia Heights Naturally Occurring Affordable Housing (NOAH) Loan Program. As explained during the June EDA meeting, staff consulted with the Minnesota Center for Energy and Environment (CEE) for the program’s development. CEE is a nonprofit organization that partners with many Minnesota cities on housing grant and loan programs. Given its years of experience and its ongoing government partnerships across the Twin Cities metro area, CEE has both the capacity and the expertise necessary to act as loan originator, loan servicer, and, as applicable for any projects not subject to City permitting, inspector. The EDA provided specific and substantial direction to staff for the program’s design during its June meeting. The Commission’s guidance included details about program form and function, loan amounts and terms, types of eligible properties, income and rental restrictions, and types of eligible project activities, amongst other items. Staff subsequently worked closely with the EDA’s legal counsel and CEE to develop a program that would incorporate the EDA’s guidance and respond to its intent. The attached draft program documents reflect the EDA’s direction and have already been reviewed, revised, and approved by the EDA’s legal counsel and CEE. During tonight’s meeting, it is staff’s goal to gain EDA approval of the substantive details of the NOAH Loan Program, as laid out in these documents, and to obtain the EDA’s authorization to move forward with implementation in order to launch the program on January 1, 2026. Program Administration: Staff and CEE have discussed program administration and established clear roles for the proposed partnership. Both the City and CEE will market the NOAH Loan Program. Both parties will also be involved at different points of each loan and project. To begin, when a property owner is interested in the program, they will apply directly with CEE and be guided through the application by one of CEE’s loan officers. The loan officer will answer any applicant questions concerning eligibility and will liaise with City staff for approval items such as the conforming/legal nonconforming use and “in good standing” requirements. Once a loan application has been approved, CEE will underwrite the loan and complete the closing process. Project work may begin ECONOMIC DEVELOPMENT AUTHORITY AGENDA SECTION BUSINESS ITEMS MEETING DATE 10/06/2025 55 Item 4. City of Columbia Heights - EDA Letter Page 2 following the closing. As soon as the project work is complete, CEE will again liaise with the City to arrange for final inspections as required by the types of activities completed using project funds. Following final inspections, the loan funds will be disbursed. CEE will invoice the City monthly for loan disbursements and administrative costs. These partnership roles and processes are typical for local government loan programs administered by CEE. As described, they expedite timelines for applicants while ensuring that City staff remain involved in each application and project. This gives staff the opportunity to closely track implementation and provide regular updates to the EDA. Program Budget: For the initial launch, staff propose to fund the NOAH Loan Program through two sources: EDA Fund 408 for administrative costs and the City’s Local Housing Trust Fund for loans. At its September meeting, the EDA resolved to include $10,000 in Fund 408’s 2026 budget for NOAH Loan Program administrative costs. The City’s Local Housing Trust Fund currently holds the City’s Local Affordable Housing Aid (LAHA) dollars, which have specific expenditure requirements that are well-suited to use for NOAH preservation but are not eligible for use for administrative costs. Concerning the funding of the loans themselves, staff recommend using LAHA funds from 2024-2025 to fund Program Year (PY) 2026. Staff then recommend that in each subsequent year the EDA dedicate a portion of – or all of – the City’s annual LAHA funds to support the loans in the following PY. For example, 2026 LAHA funds would fund PY 2027 loans, then 2027 LAHA funds would fund PY 2028 loans. The current draft program documents establish an initial contract period through December 31, 2028. At the close of the 2025 calendar year, the City’s Local Housing Trust Fund will contain approximately $533,126.67. This amount is comprised of the City’s 2024 and 2025 LAHA disbursements. For PY 2026, staff recommend budgeting $350,000.00 from the Trust Fund toward loans granted through the NOAH Loan Program. This would leave $183,126.67 of 2024-2025 LAHA funds undedicated, for use in other housing programs or projects. Barring shifts in legislative priorities, staff expect that the City will continue to r eceive LAHA funds annually, with an additional $390,000 (approx.) anticipated to be received in 2026. In the event that the State were to discontinue distribution of LAHA funds, the EDA would need to consider flexing funds from other strategies or programs. By granting approval at tonight’s meeting, the EDA is agreeing to a budget with CEE; specifically, it is confirming that it will dedicate $360,000 in funds (loan and admin costs) for the program. Since the City is in the middle of its annual budget process, staff do not recommend that the EDA amend the proposed 2026 Local Housing Trust Fund (Fund 205) expenditures in order to reflect the new program. At a later date, staff will bring forth an amendment to Fund 205 solidifying the decision by the EDA to dedicate $350,000 to the NOAH Loan Program. This is similar to 2025, in which the EDA established a budget amendment mid-year in order to better align its expenditures with the goals it defined at the beginning of the year. STAFF RECOMMENDATION: Community Development staff recommend that the EDA review the attached draft program documents and Resolution 2025-27, then move to authorize creation and implementation of the Columbia Heights Naturally Occurring Affordable Housing (NOAH) Loan Program. 56 Item 4. City of Columbia Heights - EDA Letter Page 3 RECOMMENDED MOTION(S): MOTION: Move to waive the reading of Resolution 2025-27, there being ample copies available to the public. MOTION: Move to approve Resolution 2025-27, a resolution of the Economic Development Authority of Columbia Heights, Minnesota, approving the creation and implementation of the Columbia Heights Naturally Occurring Affordable Housing (NOAH) Loan Program. ATTACHMENT(S) 1. Resolution 2025-27 2. Draft NOAH Loan Program Contract 3. Draft NOAH Loan Program Guidelines (Exhibit A) 4. Draft NOAH Loan Program Budget (Exhibit B) 57 Item 4. RESOLUTION NO. 2025-27 A RESOLUTION OF THE ECONOMIC DEVELOPMENT AUTHORITY OF COLUMBIA HEIGHTS, MINNESOTA, APPROVING THE CREATION AND IMPLEMENTATION OF THE NATURALLY OCCURRING AFFORDABLE HOUSING (NOAH) LOAN PROGRAM. WHEREAS, the City of Columbia Heights has a zoning code that permits multifamily dwellings in certain designated districts, resulting in a wide variety of sizes, styles, and configurations in the types of multifamily residential buildings that have been constructed throughout the city’s history; and WHEREAS, the timing and pattern of Columbia Heights’ development have resulted in an aging housing stock, particularly among small- to medium-sized multifamily buildings; and WHEREAS, many of these aging multifamily properties provide Naturally Occurring Affordable Housing (NOAH), unsubsidized rental housing that remains affordable due to market conditions rather than public intervention; and WHEREAS, NOAH units are critical components of the City’s housing ecosystem, offering affordable housing options to residents who may not qualify for or have access to income-restricted housing programs; and WHEREAS, the preservation and improvement of NOAH properties are essential to maintaining housing affordability and preventing displacement of low- and moderate-income residents; and WHEREAS, in 2024, the City of Columbia Heights established a Local Housing Trust Fund supported by State allocated Local Affordable Housing Aid (LAHA) funds, and designated the Economic Development Authority (EDA) as the administrator of this Fund to support affordable housing initiatives within the City; and WHEREAS, the EDA has identified the need to preserve and improve NOAH properties through the creation of a dedicated Naturally Occurring Affordable Housing (NOAH) Loan Program (the “Program”) that provides financial assistance to multifamily property owners for necessary repairs and improvements, while ensuring continued affordability of units; and WHEREAS, due to limited staff capacity, the EDA seeks to partner with the Minnesota Center for Energy and Environment (CEE), a qualified program administrator, to support the successful implementation of the NOAH Loan Program, with CEE aiding in program design, underwriting, compliance, and ongoing administration. NOW, THEREFORE BE IT RESOLVED that, after appropriate examination and due consideration, the Authority hereby: 1. Approves the creation and implementation of the EDA’s Naturally Occurring Affordable Housing (NOAH) Loan Program; and 2. Approves the form and substance of the Columbia Heights Naturally Occurring Affordable Housing (NOAH) Loan Program Origination Agreement (the “Agreement”), the Program guidelines (Exhibit A), and the Program budget (Exhibit B); and 58 Item 4. Resolution 2025-27 3. Authorizes the officers, employees, and other agents of the Authority to take all actions necessary to perform the Authority’s obligations under the Program Origination Agreement and Exhibits A and B as a whole, including, without limitation, all acts and things required of them by or in connection with this resolution, for the full, punctual, and complete performance of all the terms, covenants, and agreements contained herein. ORDER OF ECONOMIC DEVELOPMENT AUTHORITY Adopted this 6th day of October, 2025 Offered by: Seconded by: Roll Call: President Attest: Secretary 59 Item 4. CONTRACT between CITY OF COLUMBIA HEIGHTS COMMUNITY DEVELOPMENT DEPARTMENT and CENTER FOR ENERGY AND ENVIRONMENT CEE #5209 Page 1 4912-6463-4971.1 COLUMBIA HEIGHTS NATURALLY OCCURING AFFORDABLE HOUSING (NOAH) LOAN PROGRAM ORIGINATION AGREEMENT This HOME IMPROVEMENT PROGRAM ORIGINATION AGREEMENT (“Agreement”), dated this day of , 2025, is made by and between the COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY, a public body corporate and politic and political subdivision of the State of Minnesota acting through the CITY OF COLUMBIA HEIGHTS COMMUNITY DEVELOPMENT DEPARTMENT, with offices at 3989 Central Ave NE, Columbia Heights, MN 55421 (“Authority”), and CENTER FOR ENERGY AND ENVIRONMENT, a Minnesota nonprofit corporation with offices at 212 3rd Avenue North, Suite 560, Minneapolis, Minnesota 55401 (“CEE”). RECITALS A. The Authority has a need for certain professional services and desires to retain CEE to provide said services, all subject to the terms and conditions contained in this Agreement. B. CEE is qualified to provide the desired professional services and desires to provide said services for the Authority, all subject to the terms and conditions contained in this Agreement. NOW, THEREFORE, in consideration of the foregoing and the mutual promises contained in this Agreement, the parties agree as follows: 1. Services/Scope of Work 1.1 CEE shall in conjunction with the Authority develop and deliver the City of Columbia Heights Naturally Occurring Affordable Housing (NOAH) Loan Program (hereinafter the “Program”) and more fully described in Exhibit A attached hereto. All activities delivered under the Program shall be coordinated with the Authority’s designated representatives, including the Community Development Director and the Community Development Coordinator. 1.2 CEE shall assist the Authority staff in marketing the Program. This will include, but is not limited to posting the Program on the CEE website and creating an information sheet about the loan program. 1.3 The funding source is exclusively from the Authority. 2. Compensation 2.1 The Authority shall compensate CEE for services provided under this Agreement according to the schedule in Exhibit B attached hereto. The Authority shall compensate CEE only for services completed. 2.2 Upon request, CEE will provide additional marketing services. Hourly rates are inclusive of all overhead expenses and will be charged only for hours directly related to 60 Item 4. CONTRACT between CITY OF COLUMBIA HEIGHTS COMMUNITY DEVELOPMENT DEPARTMENT and CENTER FOR ENERGY AND ENVIRONMENT CEE #5209 Page 2 4912-6463-4971.1 marketing. CEE will be reimbursed by the Authority for any non -labor, out-of-pocket expenses, relating to these services on a dollar-for-dollar basis with no mark-up. 2.3 CEE shall invoice the Authority not more than once each month. The Authority shall pay CEE within 30 days of receipt of the invoice. 3. CLIENT’s Obligations 3.1 If requested by CEE, the Authority shall make reasonable efforts to respond promptly to requests from CEE for information and approvals regarding the services to be provided under this Agreement. 3.2 If requested by CEE, the Authority shall make reasonable efforts to obtain information and or permission for access from clients which may be necessary for CEE to provide the services under this Agreement. 3.3 The Authority shall provide sufficient funding to fund eligible Authority-funded loans. The Authority shall determine the amount of funds allocated to the Program. 3.4 The Authority shall establish eligibility for the Program and shall provide these criteria in writing to CEE prior to commencement of any marketing efforts . 3.5 The Authority shall make reasonable efforts to respond promptly to requests from CEE for information and approvals regarding the services to be provided under this Agreement. 4. CEE’s Obligations 4.1 CEE shall use its best efforts to provide services under this Agreement in a professional manner consistent with the care and skill used by reputable members of CEE’s profession. 4.2 CEE, and all of its employees or agents, shall comply with all statutes, ordinances, rules, regulations and other laws applicable to the provision of services under this Agreement. 4.3 CEE shall secure all permits and licenses required for performance of the services under this Agreement. 4.4 CEE shall not engage in discriminatory employment practices against any employee or applicant for employment and shall in all respects comply with all federal, state and local laws, regulations and orders, including without limitation, Chapter 363 of the Minnesota Statutes, as amended from time to time. Failure to comply with the provisions hereof shall be deemed a material default under this Agreement. 5. Term and Termination 61 Item 4. CONTRACT between CITY OF COLUMBIA HEIGHTS COMMUNITY DEVELOPMENT DEPARTMENT and CENTER FOR ENERGY AND ENVIRONMENT CEE #5209 Page 3 4912-6463-4971.1 5.1 Unless earlier terminated as provided in the following paragraphs, this Agreement shall become effective on the date of this Agreement, as set forth in the introductory paragraph hereof, and continue through December 31, 2028, contingent on the City of Columbia Heights continuing to receive funding from the State of Minnesota through the Local Affordable Housing Aid program . 5.2 This Agreement may be terminated by either party, for any reason or no reason, immediately upon written notice to the other party. I n the event this Agreement is terminated by CEE prior to the expiration of the term set forth in paragraph 5.1, the Authority shall compensate CEE for all services delivered through the date of termination and CEE shall provide the Authority with such information as the Authority may request regarding the status of the Program. 5.3 Any termination of this Agreement shall not release either party from their respective obligations under sections 7 and 8 of this Agreement. 6. Insurance 6.1 During the term of this Agreement, CEE will obtain and maintain insurance in the amounts listed below: General Liability $2,000,000 Aggregate Limit Automobile Liability $1,500,000 Combined Single Limit Excess Liability $1,000,000 Aggregate Limit Workers Compensation As Prescribed in Minnesota Statues, Chapter 176 and by Minnesota Department of Labor and Industry Cyber Liability (unless already included in General Liability) 7. Liability and Indemnification 7.1 CEE represents that the services to be provided under this Agreement are reasonable in scope and that CEE has the experience and ability to provide the services. 7.2 CEE warrants that any services provided hereunder shall be done in a professional and workmanlike manner. 7.3 CEE shall indemnify, defend and hold harmless Authority and the City and their respective officers, directors, members, employees and agents from and against any and all claims, damages, losses, injuries and expenses (including attorneys’ fees and damages for death, personal injury and property damage) which Authority or City may incur as a result of any act or omission by CEE in providing services under this Agreement. 7.4 Pursuant to the terms of Minnesota Statutes § 466.07, subject to the limitations in section 466.04, the Authority and the City will defend and indemnify any of their respective officers and employees, whether elective or appointive, for damages, including punitive damages, claimed or levied against the officer or employee, provided that the officer or employee: (1) was acting in the 62 Item 4. CONTRACT between CITY OF COLUMBIA HEIGHTS COMMUNITY DEVELOPMENT DEPARTMENT and CENTER FOR ENERGY AND ENVIRONMENT CEE #5209 Page 4 4912-6463-4971.1 performance of the duties of the position; and (2) was not guilty of malfeasa nce in office, willful neglect of duty, or bad faith. 8. Confidentiality Unless otherwise agreed by Authority in writing, CEE shall maintain in confidence and not disclose to any third party any information obtained regarding the Authority and/or any of Authority’s clients for which CEE is providing services; provided, however, that this obligation to maintain confidentiality shall not apply to: a) Information in the public domain at the time of disclosure; b) Information which becomes part of the public domain after disclosure through no fault of CEE; or c) Information which CEE can demonstrate was known by it prior to the date of this Agreement. Notwithstanding the foregoing, CEE shall be entitled to disclose the documents or client information covered by this paragraph to governmental authorities to the extent CEE reasonably believes it has a legal obligation to make such disclosures and to the extent CEE reasonably deems to be necessary; provided, however, that if CEE believes that any such disclosure is required by law, it shall provide advance notice to the Authority to provide the Authority with a reasonable opportunity to attempt to obtain an injunction or other protective order preventing such disclosure. 9. Relationship of Parties CEE will provide services as an independent contractor under this Agreement. Neither CEE, nor any of its employees or agents, shall be considered employees of the Authority for any purpose, and neither shall CEE be eligible for any compensation or benefits which the Authority may provide to its employees from time to time. CEE shall be solely responsible for all employment and other taxes applicable to providing services hereunder, and the Authority will not withhold any taxes or contributions from the compensation payable to CEE under this Agreement. 10. Notices All notices, requests, demands and other communications required to be given in writing under this Agreement shall be given to the other party in person or by mail as provided in this section. If delivered personally, notice shall be deemed to have been duly given on the date of delivery. If delivered by mail, such notice shall be sent via first class U.S. mail, postage prepaid, to the address set forth at the beginning of this Agreement or such other address as a party may otherwise request by written notice, and notice shall be deemed duly given three (3) business days after mailing. 11. Assignment This Agreement shall be binding upon and inure to the benefit of the parties and thei r 63 Item 4. CONTRACT between CITY OF COLUMBIA HEIGHTS COMMUNITY DEVELOPMENT DEPARTMENT and CENTER FOR ENERGY AND ENVIRONMENT CEE #5209 Page 5 4912-6463-4971.1 respective heirs, successors and assigns; provided, however, that neither party shall assign or transfer in any manner, this Agreement or any portion hereof without the prior written consent of the other party, and any attempt to assign or transfer without prior written consent shall be void and of no effect. 12. Governing Law This Agreement shall be governed by and construed in accordance with the laws of the State of Minnesota. 13. Miscellaneous 13.1 Headings and captions used in this Agreement are for convenien ce only and shall not affect the meaning of this Agreement. 13.2 This Agreement contains the entire agreement of the parties and supersedes all prior agreements, discussions and representations, written or oral, concerning the subject matter hereof. 13.3 No waiver by the Authority of any term or condition of this Agreement or any document referred to herein shall, whether by conduct or otherwise, be construed as a waiver or release of any other term or condition of this Agreement. 13.4 This Agreement may only be amended in a written agreement signed by both parties. 13.5 Except as expressly set forth in section 7, the rights and benefits under this Agreement shall inure solely to the benefit of the Authority and CEE, and this Agreement shall not be construed to give any rights, benefits or causes of action to any third party. 13.6 The invalidity or partial invalidity of any provision of this Agreement shall not invalidate the remaining provisions, and the remainder shall be construed as of the invalidated portion shall have never been a part of this Agreement. 13.7 CEE shall comply with the provisions of Minnesota Statutes Chapter 13 (Government Data Practices) that are applicable to the Authority and shall not disseminate any information concerning loan requests of the borrowers without the prior written approval of the Authority. 13.8 This Agreement may be signed in any number of counterparts, each of which shall be deemed an original and one and the same instrument. IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above. 64 Item 4. CONTRACT between CITY OF COLUMBIA HEIGHTS COMMUNITY DEVELOPMENT DEPARTMENT and CENTER FOR ENERGY AND ENVIRONMENT CEE #5209 Page 6 4912-6463-4971.1 COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY By: ________________________________________ Its: Date: ________________________________________ By: ________________________________________ Its: Date: ________________________________________ CENTER FOR ENERGY & ENVIRONMENT By: Its: Chief Operating Officer Stephanie Haddad Date: Tax ID # 41-1647799 65 Item 4. Exhibit A Page 1 4931-3900-1954.1 EXHIBIT A PROGRAM GUIDELINES 66 Item 4. Exhibit A Page 2 4931-3900-1954.1 COLUMBIA HEIGHTS NATURALLY OCCURING AFFORDABLE HOUSING (NOAH) LOAN PROGRAM GUIDELINES The Columbia Heights Naturally Occurring Affordable Housing (NOAH) Loan Program is designed to supplement existing loan programs available from MHFA, CEE, private lenders and other housing resources. Center for Energy and Environment shall serve as the administrator for the Loan Program and will secure the most beneficial financing based on the borrower’s needs independent of the funding source. Multi-Family Deferred Loan Interest Rate: 0% Amortization Type: Deferred (No Monthly Payments Required). Loan Amount: Minimum of $2,000 and Maximum of $50,000. Notwithstanding the foregoing, for any Eligible Property that includes an owner-occupied unit, the Loan Amount shall be prorated to cover costs, subject to the Matching Funds Requirement, related only to the non-owner-occupied rental units and common spaces within the Eligible Property. Matching Funds Requirement: 50%. The borrower must match the City Loan Amount 1:1. The borrower must show they have sufficient funds necessary to cover the matching amount and any additional funds for the entire project as outlined in the bid(s). Additional funds may come from the borrower’s personal savings, gifts, or other non-City loans. Loan Term: 20 years. If the property has not been sold or title transferred and continues to meet the Income Requirements and Rental Requirements (if applicable) as listed in the Program Guidelines for 20 years from the date of the loan the loan shall be 100% forgiven. If the property is sold, title transferred or does NOT meet the Income Requirements and Rental Requirements (if applicable) as listed in the Program Guidelines prior to 20 years from the date of the loan 100% of the loan will be due, and immediately payable [in the case of sale or title transfer, or as provided in the loan documentation in the case of failure to meet the Income Requirements and Rental Requirements, if applicable]. Eligible Properties: 2+ unit rental properties located within the City of Columbia Heights. An eligible rental property may contain an owner-occupied unit. Properties held in a Trust are NOT eligible. Properties must be conforming uses or legal nonconforming uses under the Columbia Heights Land Use Code. CEE shall verify with the City for property eligibility at time of application. Ineligible Properties: Single family homes, single unit condominiums/townhomes, cooperatives, manufactured homes or properties used for commercial purposes. Properties held in a Trust. 67 Item 4. Exhibit A Page 3 4931-3900-1954.1 Eligible Borrowers: All borrowers must be legal residents of the United States or a business registered with the Minnesota Secretary of State. Ineligible Borrowers: Including but not limited to: Foreign Nationals, Non-Occupant Co-Borrowers, and Properties in a Trust. Ownership/Occupancy: Owner-occupied or non-owner-occupied properties. Also see Loan Amount and Eligible Properties. Loan - to - Value Ratio: The ratio of all loans secured by the property, including the new loan, should not exceed 110% of the property value. Half of the improvement value may be added to the initial property value. Value can be established by the Property Tax Statement, or an Appraisal dated within the past 12 months. Income Requirements: All units must have a household income which does not exceed 50% of the area median income (“AMI”) as determined by the United States Department of Urban Development (“HUD”) for applications received in January and February of each calendar year and 80% for applications received from March through December of each calendar year. Income will be verified based on the adjusted gross income from the most recent federal tax return. The household income will include anyone listed on the lease (and spouse) or anyone who has a legal interest in the property. If a tax return was not required, the income will be determined by the projected gross income. Rental Requirements: Rent for all rental units shall not exceed 30% of the household monthly income, determined in the same manner as for the income requirements. A copy of the current lease shall be used to verify rent. Debt - to - Income Ratio: N/A Credit Requirements: 1) All mortgage payments must be current 2) All real estate taxes must be current. In Good Standing: Borrowers must be in good standing with the City of Columbia Heights. CEE shall verify with the City for good standing at time of application. Multiple Loans per Property/Borrower: More than one loan per property/borrower is allowed, however, the outstanding balance(s) for this loan CANNOT exceed $50,000. Notwithstanding the foregoing, not more than one loan per property/borrower every five years, commencing from the date of the first loan, is permitted. Property Prioritization Inspection (PI): Required Eligible Use of Funds: Most permanent interior and exterior improvements as determined by the Prioritization Inspection (PI). The City shall be asked to approve uses of funds when eligibility is uncertain. Examples of eligible projects include: ventilation and cooling systems; furnaces, boilers, and water heaters; windows, doors, and siding; insulation; roof repair; tree removal; property regrading; 68 Item 4. Exhibit A Page 4 4931-3900-1954.1 sewer line repair or replacement; electrical system repairs or updates; mold and radon mitigation; accessibility improvements; kitchen appliance replacement; renovations to increase the number of units; and fire suppression systems. Ineligible Use of Funds: Payment for work initiated prior to the loan being approved and closed, unless due to emergency. Recreation or luxury projects (pools, lawn sprinkler systems, playground equipment, saunas, whirlpools, etc.), non-permanent appliances (unless part of a full kitchen remodel), and funds for homeowner labor or refinancing existing debts are NOT allowed. Payment for work performed in connection with an owner-occupied unit. Bids: At least two (2) bids are required (unless a “sweat equity” project). All contractors must be properly licensed or registered and permits must be obtained when required. If the Borrower is having difficulty obtaining a 2nd bid CEE may contact the City to request waiver of the 2nd bid requirement. Sweat Equity / Homeowner Labor: Work may be performed by property owners on a “sweat equity” basis. Loan funds may be used only for the purchase of materials. Loan funds cannot be used to purchase tools/ equipment or compensate for labor. Rental of equipment to complete the project is eligible. Only one material list is required. Post Installation Inspection: Permits must be obtained and signed off by a City inspector where required; when not required, a post installation inspection will be performed by a CEE representative to ensure the work has been completed before any funds will be released. Loan Security: All loans will be secured with a mortgage in favor of the City of Columbia Heights. Borrower Fees: Borrower will be responsible for a 1% origination fee, title report, document preparation fee, mortgage filing and service fees, credit report fees and any applicable closing fee. Underwriting Decision: Applicants must have acceptable credit history. CEE will approve or deny loans based on a credit report, income verification and other criteria as deemed necessary through CEE’s underwriting guidelines. CEE’s decision shall be final. Work Completion: All work must be completed within 120 days of the loan closing. However, when warranted, CEE may authorize exceptions on a case-by-case basis. General Program Conditions Application Processing: Loans will be distributed on a first come first serve basis as borrowers qualify. Applicants must provide a completed application package including the following in order to be considered for funding.  Completed and signed application form  Proof of income for Borrower and Tenant  Verification of rent  Bids or estimates for proposed projects  Other miscellaneous documents loan officers may require. 69 Item 4. Exhibit A Page 5 4931-3900-1954.1 Disbursement Process: Payment to the contractor (or owner in sweat equity situations) will be made upon completion of work. An inspection will be performed by a City Inspector and/or a CEE representative to verify the completion of the work. The following items must be received prior to final disbursement of funds:  Final invoice or proposal from contractor (or materials receipt from supplier);  Final inspection verification by a City Inspector (or CEE);  Completion certificate(s) signed by borrower and contractor;  Lien waiver for entire cost of work;  Evidence of City permit (if required) 70 Item 4. 4929-1518-4731.1 EXHIBIT B Columbia Heights Naturally Occurring Affordable Housing (NOAH) Loan Program Budget Columbia Heights Naturally Occurring Affordable Housing (NOAH) Loan Program Budget Allocation (includes Loans plus Annual Administration Fee, Post‐ Installation Inspection Fees, One Time Set-Up Fee and Loan Origination Fees): $TBD TOTAL PROGRAM BUDGET: $TBD Budget Notes: 1. CEE shall submit monthly invoices for grants, origination fees and post‐ installation inspections for that period. 2. Services performed by CEE will initially be funded from the Total Program Budget as stated above and paid in accordance with the following schedule. (1) Annual Administration Fee* $5,000 (2) Home Improvement Loan Origination Fee: $875 per loan closed (3) Prioritization Visit (PI) $275 per visit (4) Post Installation Inspection (PII) $175 per visit (5) One Time-Program Set-Up Fee: $2,500 (payable within 30 days of execution of the contract) *Annual Administration Fee is pro-rated the first year of the contract, and is payable within 30 days of execution of the contract. Annual Administration Fee shall be due January 1 each year thereafter. There will be a One-Time Set Up Fee of $1,000 for each additional program added to the Program Guidelines. 3. Marketing Marketing efforts outside of CEE’s website and Loan information are not included in the administrative budget. Hourly rates are inclusive of all overhead expenses and will be charged only for hours directly related to the labor of all additional program marketing. CEE will also be reimbursed for any non‐labor, out‐of‐pocket expenses relating to these services on a dollar‐for‐dollar basis. 71 Item 4. 4929-1518-4731.1 Exhibit B ‐ Budget 72 Item 4. ITEM: Executive Session: Develop or Consider Counteroffers for the Purchase of Real Property at 4024-4026 Central Ave NE. Closed per Minn. Stat. 13D.05, Subdivision 3(c). DEPARTMENT: Community Development BY/DATE: CD Director, 09/19/2025 CORE CITY STRATEGIES: _Community that Grows with Purpose and Equity X High Quality Public Spaces X Safe, Accessible and Built for Everyone _Engaged, Effective and Forward-Thinking _Resilient and Prosperous Economy _Inclusive and Connected Community CLOSED EXECUTIVE SESSION SCRIPT: May I hear a motion to recess to an executive session to discuss Agenda Item 5 pursuant to Minnesota Statute 13D.05, Subdivision 3(c)?  Is there a second?  I have a motion by Commissioner ________________  And a second by Commissioner ________________  All in favor? Any opposed? The motion carries. At this time, we will recess to a closed meeting pursuant to Minnesota Statute 13D.05, Subdivision 3(c), so the EDA Commission may consider counteroffers for the purchase of real property at 4024-4026 Central Ave NE. At this time, I will ask all attendees to leave the room. I will also note that at the conclusion of this closed session we will resume the regular EDA meeting. Now that the discussion for Agenda Item 5 is completed, can I hear a motion to reconvene the open session?  Is there a second?  I have a motion by Commissioner ________________  And a second by Commissioner ________________  All in favor? Any opposed? The motion carries. We will now reconvene the open session. ECONOMIC DEVELOPMENT AUTHORITY AGENDA SECTION EXECUTIVE SESSION MEETING DATE 10/06/2025 73 Item 5.