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Home My WebLink About02-02-2026 EDA Packet ECONOMIC DEVELOPMENT AUTHORITY City Hall—Shared Vision Room, 3989 Central Ave NE Monday, February 02, 2026 5:00 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 280 737 890 141 59 and passcode rs6wS3er. 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 These items are considered to be routine by the EDA and will be enacted as part of the consent agenda by one motion. Items removed from consent agenda approval will be taken up as the next order of business. The EDA will make a motion to approve the consent agenda following the statement of all items. 1. Approve January 5, 2026, Regular EDA Meeting Minutes. (pg. 3) MOTION: Move to approve the January 5, 2026, regular EDA meeting minutes. 2. Approve January 12, 2026, Special EDA Meeting Minutes. (pg. 21) MOTION: Move to approve the January 12, 2026, special EDA meeting minutes. 3. Resolution 2026-06 to Approve the Financial Reports and Payment of the Bills for December 2025. (pg. 27) MOTION: Move to waive the reading of Resolution 2026-06, there being ample copies available to the public. MOTION: Move to approve Resolution 2026-06, approving the financial statements for the month of December 2025 and the payment of the bills for the month of December 2025. 4. NOAH Loan Program Servicing Agreement. (pg. 40) MOTION: Move to waive the reading of Resolution 2026-07, there being ample copies available to the public. MOTION: Move to adopt Resolution 2026-07, a resolution of the Economic Development Authority of Columbia Heights, Minnesota, approving the Servicing Agreement for the Columbia Heights Naturally Occurring Affordable Housing (NOAH) Loan Program. 1 City of Columbia Heights AGENDA February 02, 2026 Economic Development Authority Page 2 MOTION: Move to approve the consent agenda as presented. BUSINESS ITEMS 5. 2026 EDA Goal Setting. (pg. 63) Presenting Item: CD Coordinator Emilie Voight 6. 2026 Community/Economic Financial Relief Discussion. (pg. 67) Presenting Item: CD Coordinator Emilie Voight BUSINESS UPDATES a. MnDOT Total Health Building Central Avenue Meeting 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, January 05, 2026 5:00 PM MINUTES The meeting was called to order at 5:00 pm by Director Forney. CALL TO ORDER/ROLL CALL Members present: Connie Buesgens; Laurel Deneen; Rachel James; Amáda Márquez-Simula; Marlaine Szurek Members absent: Lamin Dibba, Justice Spriggs Staff present: Mitchell Forney, Community Development Director; Aaron Chirpich, City Manager; Sarah LaVoie, Administrative Assistant; Emilie Voight, Community Development Coordinator PLEDGE OF ALLEGIANCE ELECTION OF OFFICERS 1. Election of 2026 Economic Development Authority Officers. Forney explained that the EDA would nominate members for each position. After the nominations, the EDA would vote for each position. James nominated Spriggs for President of the Economic Development Authority. Márquez-Simula seconded. Motion by James, seconded by Márquez-Simula, to elect Justice Spriggs as President of the Economic Development Authority. All ayes of present. MOTION PASSED. Buesgens nominated Dibba as the Vice President of the Economic Development Authority. Márquez- Simula seconded. Motion by Buesgens, seconded by Márquez-Simula, to elect Lamin Dibba as Vice President of the Economic Development Authority. All ayes of present. MOTION PASSED. Buesgens nominated Deneen as Treasurer of the Economic Development Authority. Márquez-Simula seconded. Motion by Buesgens, seconded by Márquez-Simula, to elect Laurel Deneen as Treasurer of the Economic Development Authority. All ayes of present. MOTION PASSED. Forney noted that the Secretary position is usually held by City staff and recommended Sarah LaVoie. Márquez-Simula nominated Sarah LaVoie as Secretary of the Economic Development Authority. 3 Item 1. City of Columbia Heights MINUTES January 05, 2026 EDA Meeting Page 2 Deneen seconded. Motion by Márquez-Simula, seconded by Deneen, to elect Sarah LaVoie as Secretary of the Economic Development Authority. All ayes of present. MOTION PASSED. Motion by James, seconded by Deneen, to approve the election nominations as presented. All ayes of present. MOTION PASSED. CONSENT AGENDA 2. Approve the minutes of the regular EDA Meeting of December 01, 2025. 3. Approve financial reports and payment of bills for November 2025 – Resolution No. 2026-01. 4. Designating the 2026 Official Depositories of the Economic Development Authority – Resolution No. 2026-02. Motion by James, seconded by Szurek, to approve the Consent Agenda as presented. All ayes of present. MOTION PASSED. RESOLUTION NO. 2026-01 A RESOLUTION OF THE ECONOMIC DEVELOPMENT AUTHORITY OF COLUMBIA HEIGHTS, MINNESOTA, APPROVING THE FINANCIAL STATEMENTS FOR THE MONTH OF NOVEMBER 2025 AND THE PAYMENT OF THE BILLS FOR THE MONTH OF NOVEMBER 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 November 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, 4 Item 1. City of Columbia Heights MINUTES January 05, 2026 EDA Meeting Page 3 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 5th of January 2026 Offered by: Rachel James Seconded by: Marlaine Szurek Roll Call: All ayes of present. MOTION PASSED. President-Acting: Laurel Deneen Attest: Secretary RESOLUTION NO. 2026-02 A RESOLUTION OF THE COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY DESIGNATING OFFICIAL DEPOSITORIES. Now, therefore, in accordance with the bylaws and regulations of the Columbia Heights Economic Development Authority (the Authority), the Board of Commissioners of the Authority makes the following: ORDER OF BOARD IT IS HEREBY RESOLVED, that Northeast Bank, and U.S. Bank, are hereby designated as depositories for the Authority’s funds. IT IS FURTHER RESOLVED, that the funds of the Authority can be held in accounts at these depositories under the name and federal identification number of the City of Columbia Heights, Minnesota (the City), together with the funds of the City, provided that separate fund accounting records are maintained for the respective Authority and City shares of such accounts in a manner consistent with generally accepted accounting and auditing standards. 5 Item 1. City of Columbia Heights MINUTES January 05, 2026 EDA Meeting Page 4 IT IS FURTHER RESOLVED, that the responsibility for countersigning orders and checks drawn against funds of the Authority, assigned in the Authority’s bylaws to the Authority President, is hereby delegated to the City Mayor. IT IS FURTHER RESOLVED, that checks, drafts, or other withdrawal orders issued against the funds of the Authority on deposit with these depositories under the City’s name shall be signed by the following: City Mayor City Manager City Finance Director and that said banks are hereby fully authorized to pay and charge said accounts for any such checks, drafts, or other withdrawal orders issued by the City on behalf of the Authority. IT IS FURTHER RESOLVED, that Northeast Bank, and U.S. Bank, are hereby requested, authorized, and directed to honor checks, drafts, or other orders for the payment of money drawn in the City’s name on behalf of the Authority, including those drawn to the individual order of any person or persons whose name or names appear thereon as signer or signers thereof, when bearing or purporting to bear the facsimile signatures of the following: City Mayor City Manager City Finance Director and that Northeast Bank, and U.S. Bank, shall be entitled to honor and to charge the Authori ty, or the City on behalf of the Authority, for all such checks, drafts, or other orders, regardless of by whom or by what means the facsimile signature or signatures thereon may have been affixed thereto, if such facsimile signature or signatures resemble the facsimile specimens duly certified to or filed with the Banks by the City Finance Director or other officer of the Authority or City. IT IS FURTHER RESOLVED, that the City Finance Director or their designee shall be authorized to make electronic funds transfers in lieu of issuing paper checks, subject to the controls required by Minnesota Statutes and by the City of Columbia Heights’ financial policies. IT IS FURTHER RESOLVED, that all transactions, if any, relating to deposits, withdrawals, re-discounts and borrowings by or on behalf of the Authority with said depositories, made directly by the Authority or by the City on the behalf of the Authority, prior to the adoption of this resolution be, and the same hereby are, in all things ratified, approved and confirmed. IT IS FURTHER RESOLVED, that any bank designated above as a depository, may be used as a custodian (a.k.a. depository) for investment purposes, so long as the investments comply with authorized investments as set forth in Minnesota Statutes. 6 Item 1. City of Columbia Heights MINUTES January 05, 2026 EDA Meeting Page 5 IT IS FURTHER RESOLVED, that Bank of New York Mellon DBA Pershing Advisor Solutions LLC may be used as a custodian (a.k.a. depository) for investment purposes so long as the investments comply with the authorized investments as set forth in Minnesota Statutes. IT IS FURTHER RESOLVED, that the funds of the Authority can be held in accounts at such investment custodians under the name and federal identification number of the City, together with the funds of the City, provided that separate fund accounting records are maintained for the respective Authority and City shares of such accounts in a manner consistent with generally accepted accounting and auditing standards. BE IT FURTHER RESOLVED, that any and all resolutions heretofore adopted by the Board of Commissioners of the Authority with regard to depositories or brokerage firms are superseded by this resolution ORDER OF ECONOMIC DEVELOPMENT AUTHORITY Passed this 5th of January 2026 Offered by: Rachel James Seconded by: Marlaine Szurek Roll Call: All ayes of present. MOTION PASSED. President-Acting: Laurel Deneen Attest: Secretary BUSINESS ITEMS 5. Façade Improvement Grant Report for The Golden Nuts located at 4801 Central Ave NE . Voight reported that the building is occupied by The Golden Nuts, an international sweet store and coffee shop. The tenant is applying for grant funds to replace the glass storefront windows and door on the Central Avenue façade of the structure. A photo of the existing condition s has been included in the Agenda Packet. Voight noted that the applicant was able to receive two bids for the work, amounting to $13,650.63 (GlassSource LLC) and $14,868.38 (City Wide Glass). This sets them up for a grant amount of $5,000. Renderings have not been included in the packet because the windows and door will be replaced in-kind, the only change being upgraded glass. Community Development staff recommend funding this project in full as the new windows and door will be more energy efficient and also reduce costs for the tenants. This is the first Façade Improvement Grant application in 2026. The initial annual budget for the program was $80,000. The approval of this application would leave $75,000 remaining in the annual program budget. 7 Item 1. City of Columbia Heights MINUTES January 05, 2026 EDA Meeting Page 6 Questions/Comments from Members: Buesgens asked if the EDA was keeping track of energy-efficient improvements to buildings for the Partners in Energy program. Forney replied that staff could start tracking energy-efficient improvements. He added that the list would benefit a project that City staff are working on for a City-wide sustainability tracker using GIS. Márquez-Simula requested additional information regarding the sustainability tracker. Forney explained that the Sustainability Commission included a goal in 2025 to build a GIS-type story map for all of the sustainability items that the City is working on. Motion by Márquez-Simula, seconded by Buesgens, to waive the reading of Resolution No. 2026-03, there being ample copies available to the public. All ayes of present. MOTION PASSED. Motion by Márquez-Simula, seconded by James, to approve Resolution No. 2026-03, a Resolution of the Columbia Heights Economic Development Authority, approving the form and substance of the Façade Improvement Grant Agreement, and approving authority staff and officials to take all actions necessary to enter the authority into a Façade Improvement Grant Agreement with The Golden Nuts. All ayes of present. MOTION PASSED. RESOLUTION NO. 2026-03 A RESOLUTION OF THE ECONOMIC DEVELOPMENT AUTHORITY OF COLUMBIA HEIGHTS, MINNESOTA, APPROVING THE FORM AND SUBSTANCE OF THE FAÇADE IMPROVEMENT GRANT AGREEMENT, AND APPROVING AUTHORITY STAFF AND OFFICIALS TO TAKE ALL ACTIONS NECESSARY TO ENTER THE AUTHORITY INTO A FAÇADE IMPROVEMENT GRANT AGREEMENT WITH THE GOLDEN NUTS . WHEREAS, the City of Columbia Heights (the “City”) and the Columbia Heights Economic Development Authority (the “Authority”) have collaborated to create a certain Façade Improvement 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 property owners and/or tenants for the purposes of revitalizing existing storefronts, increasing business vitality and economic performance, and decreasing criminal activity along Central Avenue Northeast and in the City’s Business districts, pursuant to a Façade Improvement Grant Agreement with various property owners and/or tenants; and WHEREAS, pursuant to the Program, the City is to coordinate a surveillance camera monitoring program by placing surveillance cameras on some of the storefronts that are part of the Program for the purposes of improving public safety in and around the Central Business District; and WHEREAS, the Authority has thoroughly reviewed copies of the proposed form of the Grant Agreement. 8 Item 1. City of Columbia Heights MINUTES January 05, 2026 EDA Meeting Page 7 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 The Golden Nuts. 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 Passed this 5th of January 2026 Offered by: Amáda Márquez-Simula Seconded by: Rachel James Roll Call: All ayes of present. MOTION PASSED. President-Acting: Laurel Deneen Attest: Secretary 6. Façade Improvement Grant Report for Easy Tax Services located at 4111 Central Ave NE. Voight reported that the suite of the multi-tenant building is occupied by Easy Tax Services, LLC, a tax preparation, notary, and document assistance business. The tenant is applying for grant funds to install a new exterior wall sign panel on the existing sign panel framing on th e Central Avenue façade of the structure. A photo of the existing conditions and a rendering of the proposed design have been included in the Agenda Packet. Voight noted that the applicant was able to receive two bids for the work, amounting to $1,750.00 (BMS) and $2,947.38 (Fastsigns). This sets them up for a grant amount of $1,473.69. Community Development staff recommend funding this project in full, as the new signage will help promote the business and attract and orient customers. This is the second F açade Improvement Grant application in 2026. The first application this year is also being presented tonight. The initial annual budget for the program was $80,000. If both Façade Improvement Grants presented at the January 2026 EDA meeting were approved, it would leave $73,526.31 remaining in the annual program budget. Questions/Comments from Members: Buesgens pointed out that it would be nice to have more personalized signage for the building. She 9 Item 1. City of Columbia Heights MINUTES January 05, 2026 EDA Meeting Page 8 asked if it was possible to ask the owner to change the policy on color and design. Forney replied that a tenant would need to make the request to the owner. Motion by James, seconded by Deneen, to waive the reading of Resolution No. 2026-04, there being ample copies available to the public. All ayes of present. MOTION PASSED. Motion by James, seconded by Deneen, to approve Resolution No. 2026-04, a Resolution of the Columbia Heights Economic Development Authority approving the form and substance of the Façade Improvement Grant Agreement, and approving authority staff and officials to take all actions necessary to enter the authority into a Façade Improvement Grant Agreement with Easy Tax Services, LLC. All ayes of present. MOTION PASSED. RESOLUTION NO. 2026-04 A RESOLUTION OF THE ECONOMIC DEVELOPMENT AUTHORITY OF COLUMBIA HEIGHTS, MINNESOTA, APPROVING THE FORM AND SUBSTANCE OF THE FAÇADE IMPROVEMENT GRANT AGREEMENT, AND APPROVING AUTHORITY STAFF AND OFFICIALS TO TAKE ALL ACTIONS NECESSARY TO ENTER THE AUTHORITY INTO A FAÇADE IMPROVEMENT GRANT AGREEMENT WITH EASY TAX SERVICES, LLC. WHEREAS, the City of Columbia Heights (the “City”) and the Columbia Heights Economic Development Authority (the “Authority”) have collaborated to create a certain Façade Improvement 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 property owners and/or tenants for the purposes of revitalizing existing storefronts, increasing business vitality and economic performance, and decreasing criminal activity along Central Avenue Northeast and in the City’s Business districts, pursuant to a Façade Improvement Grant Agreement with various property owners and/or tenants; and WHEREAS, pursuant to the Program, the City is to coordinate a surveillance camera monitoring program by placing surveillance cameras on some of the storefronts that are part of the Program for the purposes of improving public safety in and around the Central Business District; 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 Easy Tax Services, 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. 10 Item 1. City of Columbia Heights MINUTES January 05, 2026 EDA Meeting Page 9 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 Passed this 5th of January 2026 Offered by: Rachel James Seconded by: Laurel Deneen Roll Call: All ayes of present. MOTION PASSED. President-Acting: Laurel Deneen Attest: Secretary 7. Discussion on Possible Habitat for Humanity Partnership Projects. Forney reported that recently, Community Development staff met with representatives from Twin Cities Habitat for Humanity at the Anoka County Real Estate Summit. During that event, Habitat staff spoke with City staff about potential opportunities within the City of Columbia Heights and expressed interest in completing another project in the community. Following that initial conversation, staff scheduled a follow-up meeting with Habitat for Humanity to discuss potential project concepts and to better understand Habitat’s anticipated development plans for 2026. In conjunction with the City’s goal-setting efforts, staff determined it would be appropriate to bring forward for EDA discussion two properties currently owned by the EDA to evaluate whether either site may be suitable for a Habitat for Humanity project or whether the EDA wishes to pursue alternative redevelopment strategies. Forney stated Habitat for Humanity has received Community Development Block Grant (CDBG) funding through Anoka County for an acquisition and rehabilitation project anticipated for 2026. At this time, Habitat does not yet know the location of that project within Anoka County. City staff will continue to monitor opportunities through the City’s time-of-sale program for properties that could align with that funding. The potential projects discussed at tonight’s meeting, however, would be separate from that effort. Habitat for Humanity has expressed interest in partnering with the City on a complete teardown and rebuild project in 2026. Staff is bringing this discussion to the EDA at this time because, should the EDA express interest in moving forward with a Habitat partnership, Habitat could apply for 2026 Anoka County CDBG funding and potentially leverage additi onal resources to close financing gaps. As part of this discussion, it is important to note that Habitat has indicated that any project would likely require gap financing from the City, similar to prior Habitat projects, to address the difference between construction costs and available funding sources. Forney explained that the EDA currently owns two parcels that have been discussed for 11 Item 1. City of Columbia Heights MINUTES January 05, 2026 EDA Meeting Page 10 redevelopment or future redevelopment. Staff is seeking EDA direction regarding how these properties should be positioned moving into 2026 and potentially 2027. Forney noted that the first parcel, located at 841 49th Avenue NE, has been in the EDA’s portfolio for several years. The property is zoned R-2A, which allows for single-family and two-family residential development, and the lot is approximately 15,000 square feet. Under the existing zoning, the site could accommodate a single-family home, duplex, or twin-home. Previous discussions considered whether higher-density development might be feasible; however, the property is surrounded primarily by R-1 zoning and bordered by R-2B zoning. Rezoning the site to a higher-density district would likely constitute spot zoning and would not be consistent with zoning code standards or the Comprehensive Plan, which designates the property for low-density residential use. Achieving higher density would require broader rezoning or a Comprehensive Plan amendment, neither of which is currently contemplated. The EDA originally acquired the property due to severe building deterioration and a flooded basement, with the intent of demolition and future redevelopment. The acquisition was funded with General Fund 408 redevelopment funds, allowing flexibility for either market-rate or affordable housing development. When discussing this site with Habitat for Humanity, staff indicated the EDA’s interest in something other than a single - family home, and Habitat noted that twin-home development is an option. Habitat for Humanity staff also noted that a twin-home project would likely require greater gap financing than a single- family home. Forney stated the second site discussed with Habitat is located at 4510 Taylor Street NE. This property was purchased by the EDA in 2025 and has a lot area of approximately 7,700 square feet. The site is zoned R-2A, which allows for single-family and two-family development; however, the lot size does not meet the minimum requirements for a duplex or twin-home development. Like the first property, this site was acquired using General Fund 408 redevelopment funds and may be used for either market-rate or affordable housing. Staff initially evaluated this site as a potential demonstration of an accessory dwelling unit (ADU) project. However, the lack of alley access and the need to provide all parking from the front of the property present design challenges, but are not necessarily barriers. Habitat for Humanity indicated that they do not typically pursue ADU projects, as their target homebuyers generally cannot support the increased mortgage costs associated with an additional unit, and the financing structure is more complex. Forney explained that in 2025, the EDA applied for and was awarded matching Minnesota Housing Finance Agency (MHFA) grant funds. The EDA contributed $75,000 from Fund 408 and will receive a $75,000 match once those funds are expended on eligible affordable housing activities. As part of that application, staff identified that funds could be used for large -scale redevelopment projects or smaller affordable housing initiatives, such as a Habitat for Humanity partnership. In addition, the EDA has approximately $140,000 remaining in its tax increment financing (TIF) housing pool, which has historically been used to acquire property, support redevelopment, and provide gap financing for Habitat projects. Between these funding sources, the EDA has sufficient capacity to partner with Habitat for Humanity without relying on annually budgeted funds. Forney stated that staff do not have a specific recommendation at this time. Both EDA-owned sites present viable redevelopment opportunities, and a partnership with Habitat for Humanity would 12 Item 1. City of Columbia Heights MINUTES January 05, 2026 EDA Meeting Page 11 align with City and EDA goals related to affordable housing and homeownership. At the same time, the EDA may identify or acquire additional properties in 2026 that could also be candidates for a Habitat partnership. Any Habitat project would likely involve a request for gap financing, and the EDA may wish to discuss whether it is willing to provide such assistance. Staff is seeking EDA input on the future direction of the currently owned parcels and whether pursuing a Habitat for Humanity partnership is a priority for 2026 planning. Questions/Comments from Members: James asked if it would make sense to sell one of the properties on the open market to recoup the costs. Buesgens mentioned that when she first came on, the EDA was selling properties to builders. She added that it was not market-rate housing, but was affordable housing. Forney explained that any lot that the EDA does not work on with Habitat for Humanity, staff could prepare an RFP to bring in a market-rate developer for a project and sell the lot to the developer. Buesgens noted she would like to save the 49th Avenue lot for a triplex. She mentioned the 4510 Taylor Street NE property would be a better fit for Habitat for Humanity. James suggested selling the lot on 4510 Taylor Street NE for additional funds. She added that she would still be in favor of Habitat for Humanity redeveloping the 4510 Taylor Street NE lot. Buesgens stated she would be open to having Habitat for Humanity redevelop the 4510 Taylor Street NE lot. Forney noted that $75,000 of the Minnesota Housing grant funds need to be spent in the next two to three years. The funds have to be expended on affordable housing. Buesgens mentioned that there are two homes that burned in fires, and wondered if they were potential lots that the City could purchase. Forney mentioned that the property that burned down on 6th Street has had multiple owners since it burned down. Staff could reach out to the property owner to schedule a meeting with the property owner. Buesgens stated she would be in favor of that. Szurek asked if the property on 6th Street was owned by a family member. Forney replied that it is not. Szurek expressed her concern regarding the gap in financing with Habitat for Humanity. She explained that she did not want the City to be a bank for Habitat for Humanity to redevelop homes. Forney explained that the EDA could offer a project without the gap financing and see if Habitat for Humanity would still like to do the project. Chirpich asked if CDBG could fill the gap in financing. Forney replied that it was a possibility. Deneen stated she would like to keep the 841 49th Ave property for development in the future. She explained that the 4510 Taylor Street NE property could use a new home and would be in favor of Habitat for Humanity to redevelop the property. She explained that she would want to see a balance in getting new housing in the area, and being mindful of the City’s expenses. Márquez- Simula agreed. She added that she has received complaints about the properties that have burned down due to fires. Having new structures would make the neighborhoods look better. She noted that the burned-down properties are a safety issue. She stated she would be interested in the EDA finding the properties as blighted. James agreed. She wondered if there were enforcement 13 Item 1. City of Columbia Heights MINUTES January 05, 2026 EDA Meeting Page 12 mechanisms to force people to take down burned homes. Chirpich replied that there are obvious violations and would need to dig in with legal to get some clarity. He explained that it can take time since insurance claims can drag out. Márquez-Simula suggested having the Fire Department practice on the properties. She wondered if it could lower costs for salvaging the properties. James agreed to have 4510 Taylor Street NE as a Habitat for Humanity home and agreed that the EDA does not need to fund the entire $75,000 gap financing request. Forney noted that Spriggs emailed his comments, “I am in favor of partnering again with Habitat for Humanity and providing gap funding, as I do think it aligns with the EDA goals regarding affordable housing. In terms of the two sites, I would favor the 4510 Taylor location over the 841 49th Avenue. In my opinion, it would be beneficial to keep the 841 49th Ave option open for the time being given the proximity to Central Ave for something more than a single family home. To the point about zoning of the 841 49th Ave - zoning reform is something I want to bring up as the year moves along.” Forney requested that the EDA provide staff with direction on how much gap financing they would feel comfortable with. The EDA discussed being willing to finance $35,000 to Habitat for Humanity. Szurek stated she would not want to finance anything since it would set an expectation that the City finances each Habitat for Humanity project. She added that the City is not a bank. Deneen mentioned that there needs to be a balance between the desire for affordable housing and the City not being a bank. Szurek stated she would not vote in favor of $75,000 but would be willing to consider a smaller amount. Forney mentioned that the City provided $35,000 in gap financing for the previous project, so doing half of the gap financing would be close to the previous project. Szurek asked if the City provided a loan in the previous project. Forney replied that it was a deferred loan. He added that the EDA could consider doing a deferred loan again. Deneen stated she would prefer a deferred loan. Forney replied that they would build the deferred loan into the development agreement. 8. 3901 Central Right of First Refusal Discussion. Forney reported that over the past year, Community Development staff have been in ongoing discussions with Heights Rental, as the business owner has been exploring retirement and the sale of the business to another rental company. Heights Rental occupies a prominent corner within the downtown area and is a well-established, valued business in the community. During prior business updates presented at EDA meetings, staff informed the Authority that the EDA holds a Right of First Refusal (ROFR) on the Heights Rental property and business. Forney noted that the ROFR was established as part of the EDA’s acquisition of the neighboring property for the redevelopment of the City library. As part of that negotiated transaction, the EDA secured a Right of First Refusal to purchase the Heights Rental building and business should the owner decide to sell. In the December 2025 business update discussion, the EDA directed staff to explore whether the ROFR could be waived for the current sale while continuing the ROFR into the future under new ownership. Staff discussed this option with the seller. However, the seller is not 14 Item 1. City of Columbia Heights MINUTES January 05, 2026 EDA Meeting Page 13 interested in continuing the ROFR, citing concerns that it could negatively impact future sale opportunities for any prospective buyers. Forney stated the current business owner has now formally initiated the EDA’s Right of First Refusal process by submitting a Letter of Intent from a prospective buyer. Under the terms of the ROFR, the EDA has 30 days from receipt of the notice to determine whethe r it will exercise its right to purchase the property and business under the same terms. Forney explained that, based on the submitted Letter of Intent:  The purchase price for the land is $1,070,000  The purchase price for the business is $1,250,000  Exercise of the ROFR would require the EDA to purchase the land, business operations, and inventory  The total acquisition cost would be approximately $2,320,000 Forney explained that if the EDA were to exercise its Right of First Refusal, it would be required to fund the full purchase price. At this time, staff are unaware of a readily available funding source for an acquisition of this magnitude and would need to conduct further analysis with Finance to pull funding from a variety of sources. Additionally, the EDA is already planning a redevelopment opportunity directly across 39th Ave NE to the south. Staff believe maintaining the operational continuity of Heights Rental under private ownership, while focusing EDA resources on existing redevelopment priorities, best aligns with current economic development objectives. Community Development staff recommend that the EDA decline to exercise its Right of First Refusal for the purchase of Heights Rental. Staff are available to answer questions and conduct addit ional research if the EDA wishes to further evaluate alternatives. Questions/Comments from Members: Deneen stated that she was not interested in moving forward with the property. Buesgens agreed. Motion by Szurek, seconded by Buesgens, to decline exercising the Economic Development Authority’s Right of First Refusal for the property located at 3901 Central Avenue NE and to authorize staff to provide written notice to the seller of the EDA’s intent not to purchase. All ayes of present. MOTION PASSED. BUSINESS UPDATES a. NOAH Program Launch Voight stated the NOAH Program launched on January 1st. The application is live on the CEE website with the Columbia Heights information. There is a link on the City’s website as well. At the end of the week, Community Development staff will be sending out a Spanish/English mailer to all 2-plus unit property owners. In addition, there will be some social media posts starting later in the week. There is one more contract for the servicing agreement that needs to be signed and will be included in the Consent Agenda next month. 15 Item 1. City of Columbia Heights MINUTES January 05, 2026 EDA Meeting Page 14 She reviewed questions during the previous meeting. She noted there was a question about whether the prioritization visits were available in any languages other than English. Currently, they are only in English, but there are Spanish-speaking staff at the loan servicing department who can work with applicants. The mailer is bilingual so that applicants can call a number if they want to speak to someone in Spanish. If an applicant wants to work with someone in a different language, they would be able to have an interpreter or have a service necessary to make it happen. Voight noted that there was a question regarding radon and lead testing. It is not currently a service that CEE offers as part of its assessments. They are able to provide information sheets that can be handed out as part of their visits. Voight stated that staff would keep the EDA updated with applicant numbers and information about what is happening. Buesgens asked if there would be handouts or information provided to landlords. Voight replied that the intent is to get some information out to landlord s. b. 2026 Business of the Year Voight noted that nominations for the 2026 Business of the Year are open, and the closing date is March 31st. The EDA would review applications during the April EDA meeting. The application is online, and paper copies are available. Members of the EDA and elected officials are not allowed to nominate businesses. Community Development staff will make posts on social media. c. Calendar: Special EDA Meeting Proposed for January 12th Forney stated that staff will be calling a special EDA meeting on January 12th at 5:30 pm to discuss the bond sale for the 4300 development. Buesgens asked about the new Dairy Queen owners not being able to meet the statutes. James replied that Dairy Queen has their own franchise requirements. Forney pointed out that many Dairy Queens without food or a drive-thru are starting to close. He added that there are discussions on how to use the space in a different way, and potentially combining it with the theater. ADJOURNMENT Motion by Buesgens, seconded by James, to adjourn the meeting at 5:53 pm. All ayes. MOTION PASSED. Respectfully submitted, 16 Item 1. City of Columbia Heights MINUTES January 05, 2026 EDA Meeting Page 15 Sarah LaVoie, Recording Secretary 17 Item 1. 1 Emilie Voight From:Mitchell Forney Sent:Monday, January 5, 2026 4:06 PM To:Emilie Voight Subject:FW: Comments for EDA and Work Session Tonight Mitchell Forney | Community Development Director City of Columbia Heights | Community Development Department 3989 Central Avenue NE | Columbia Heights, MN 55421 @columbiaheightsmn.gov 763-706- From: Justice Spriggs <@columbiaheightsmn.gov> Sent: Monday, January 5, 2026 10:01 AM To: Aaron Chirpich <@columbiaheightsmn.gov> Cc: Amáda Márquez Simula <@columbiaheightsmn.gov>; Mitchell Forney <@columbiaheightsmn.gov>; Sara Ion <@columbiaheightsmn.gov> Subject: Comments for EDA and Work Session Tonight Hi all, Below are my thoughts for the meetings tonight since I will be unable to attend. EDA: Item 1: if nominated for a position I am open to accepting, I would be in favor of President James continuing her role as EDA President Item 5 and 6: Both look like great options for the Facade program! Item 7: I am in favor of partnering again with Habitat for Humanity and providing gap funding, as I do think it aligns with the EDA goals regarding affordable housing. In terms of the two sites, I would favor the 4510 Taylor location over the 841 49th Avenue. In my opinion, it would be beneficial to keep the 841 49th Ave option open for the time being given the proximity to Central Ave for something more than a single family home. To the point about zoning of the 841 49th Ave - zoning reform is something I want to bring up as the year moves along and we start talking about the upcoming Comprehensive Plan. Doing research and talking with other elected officials, loosening zoning restrictions has unlocked opportunities for communities in 18 Item 1. 2 their goals to provide more housing stability density, and affordability. If something like this were to occur in Heights, in my opinion the 841 49th Ave location would be a great one to have a more dense complex. Item 8: I am in agreement with the staff recommendation to decline the Right of First Refusal Work Session: Item 2: I am in favor of the proposed roundabouts, added signals on Central, median closure, and stormwater treatment. Regarding the northbound bus lane, I still feel the same as I did back in June, so I am sharing the same comments I did then now: “For the continued discussion about the single vs two-lane configuration for the northbound direction, I am still firmly in the camp for it being a single lane. I understand and appreciate the concerns and perspectives from staff; I also feel that the safest option is the single lane, and improving the safety of Central has been my biggest priority during this redesign. From my perspective, adding the additional lane adds additional conflict points, regardless of if it is dedicated for busses or not. If it is a second lane like it is now, it will be no change from the current situation, and there will be conflict points with cars and busses in the right-most northbound lane, and additionally if any cars in that lane were to be behind a bus and try to move into the most-center northbound lane. If it is a dedicated BRT lane, I do think it will improve the efficiency of the BRT, however I have a lot of concerns about other vehicles using this lane regardless. There is the issue that any vehicle trying to turn right (which would be in the bus lane) adds a conflict point between the bus and the vehicle, and this is the same point on if there is a dedicated bus lane but a delivery vehicle is parked in it to drop something off. In the event there is a delivery vehicle in the bus lane (or city vehicle doing maintenance) and the BRT is coming through, what will happen? The bus needs to either stop and wait for the blocking vehicle to move or move back into the middle northbound lane, causing another conflict point. I also worry about the second lane (if it is a dedicated BRT lane) being used by cars to illegally pass, causing danger to pedestrians, bikers, and all other motorists. I do believe that if the lane is there people will use it. For example, I was just on the highway coming home from work two days ago during rush hour and exiting on Silver Lake Road. Traffic was bumper to bumper and moving very slow for about a mile before the exit. I was approaching the exit and about to signal and exit when a car had cut out of line and into the right-shoulder and sped past the line of cars, almost hitting me and other cars trying to exit. I worry about the same thing happening with a bus lane. The concerns raised about a single lane are well taken, and I also know that these will be issues with the southbound direction automatically as we are converting it to a single lane. If we fully wanted to mitigate the issues we should have two lanes in both directions (similar to the current configuration) and I do not feel that would be the safest option.” My other points about the dedicated bus lane - if it is an important tool for improving speed and reliability, why is it not being proposed in the southbound direction? Adding it there as well would improve those things, but also cause the road to be widened, adding crossing time for pedestrians and replicating the “open road feel” of Central with wide sight lines, encouraging speeding. Additionally, in the proposal tonight, there are examples of bus pullout sections at 50th and 52nd Ave, are those not options instead of the full dedicated lane? 19 Item 1. 3 If it is a strong recommendation from MNDoT, Metro Transit, or both, I feel that if/when there are violations/need for increased enforcement for misuse of the bus lane that they should be willing to contribute financially to the increased cost to enforce violations. Item 3: Disappointing to hear about this developing situation, especially since they talked about their process so many times and were confident about moving forward. Item 4: Really excited about this! Thank you for bringing this forward. In general, I would support a very similar ordinance to the Brooklyn Center one provided in the packet Item 5: I am fine with Ratio’s request. On a side note, are we as Council able to use the staff parking on the outside of the building for parking for meetings? Item 6: In general I am flexible - I believe typically we leave our appointments for two years (and 2026 would be the second year) but I am open if the council wants to make changes Item 7: I am okay moving forward with Life as our newspaper Item 8: No major questions/requests for updates for the handbook item 9: No major questions/concerns/updates since last looking and updating these. For dates in March, I should be fairly flexible given I should still be on parental leave Item 10: I will be back at work starting the month of April, so I do not know my schedule yet but would try my best to ensure I can be at the April 27th meeting. But I will be able to make the May 4th meeting. I defer to the rest of the council and staff in terms of what they think is best. Let me know if you have any questions or concerns, Justice Justice Spriggs, M.D. (he/him) I Councilmember - City of Columbia Heights 3989 Central Ave NE, Columbia Heights, MN, 55421 Email: @columbiaheightsmn.gov Direct: 763-706- I Main: 763-706- http://columbiaheightsmn.gov Sign up for CodeRED Alerts for the City of Columbia Heights here. Follow the City of Columbia Heights on Social Media! Facebook 20 Item 1. SPECIAL ECONOMIC DEVELOPMENT AUTHORITY MEETING City Hall—Shared Vision Room, 3989 Central Ave NE Monday, January 12, 2026 5:30 PM MINUTES The meeting was called to order at 5:35 pm by President Spriggs CALL TO ORDER/ROLL CALL Members present: Connie Buesgens; Laurel Deneen; Rachel James; Amáda Márquez-Simula (5:37 pm); 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 Guest speakers: Barrett Corwin, Alatus LLC Director of Development PLEDGE OF ALLEGIANCE BUSINESS ITEMS 1. Consideration of 4300 Central Development Assistance Agreement. Forney reported that over the last several months, the City Council and the Economic Development Authority (EDA) have been working with Alatus to extend the loan terms for the 4300 Central Avenue redevelopment project, transition from temporary to permanent tax increment financing (TIF) bonds, and pledge project-generated TIF revenues to repay the reissued bonds. At tonight’s City Council meeting, the Council will review bids and consider approval of the bond sale associated with this effort. Forney noted that as part of the transition from temporary bonds to permanent TIF bonds, state law requires the City and the developer to enter into a Development Assistance Agreement (DAA). The attached Development Assistance Agreement establishes the framework under which the City’s financial assistance is provided and sets clear expectations related to project timing, coordination, and performance. The agreement is intended to work in tandem with the City’s existing loan to the developer to mitigate financial risk associated with issuing permanent bonds while continuing to support the redevelopment of this key site. Forney stated the Development Assistance Agreement outlines the overall project scope, which includes a multi-phase, mixed-use redevelopment of the approximately 12-acre site at 4300 Central Avenue NE. Phase 1 consists of a market-rate/workforce housing apartment development with structured parking. A future Phase 2 may include senior housing and/or commercial uses, depending on market conditions and project feasibility. 21 Item 2. City of Columbia Heights MINUTES January 12, 2026 Special EDA Meeting Page 2 Forney explained that the agreement also documents the public assistance being provided, including the issuance of approximately $7.635 million in permanent TIF bonds (Series 2026A). These bonds will refinance the previously issued temporary TIF bonds and cover the bridge loan used for the acquisition of the property. The agreement requires the developer to repay this loan through private financing, and it establishes clear remedies for the City should the developer fail to meet required financing or construction milestones. Forney reported that key development deadlines are included in the agreement, su ch as obtaining necessary approvals and permits, commencing construction of Phase 1, and achieving substantial completion. These benchmarks are critical to ensuring the project continues to move forward in a timely manner and that TIF revenues are generated as anticipated. Forney stated that to further protect the City’s financial interests, the agreement requires the developer to enter into an assessment agreement that establishes a minimum taxable market value for the property. This provision helps safeguard projected TIF revenues that will b e used to repay the bonds. The agreement also outlines standard developer obligations, including payment of EDA administrative costs, compliance with zoning, environmental, and permitting requirements, maintenance of insurance, timely payment of property t axes, and construction of the project in accordance with approved plans. Forney explained that overall, the Development Assistance Agreement serves as the primary risk- management tool for the City and EDA as the project moves forward. It clearly defines roles and responsibilities, establishes enforceable deadlines, and provides the City with the ability to suspend assistance or pursue loan and mortgage remedies if project obligations are not met. This structure allows the City to continue supporting redevelopment of the site while maintaining appropriate fiscal safeguards. Questions/Comments from Members: Szurek asked if the structured parking would be underground. Alatus LLC Director of Development Barrett Corwin replied that it is ambiguous because of the elevation change on the site. A portion of the parking structure will be above ground, but from Central Avenue’s elevation, it will be below grade two floors and below ground parking. Szurek mentioned that the Kmart site was presented as market-rate workforce housing with underground parking for the residents. Many of the residents refused to park in the underground parking and now park on the street all year round. She wondered if parking would be included in the rent, or if it would be permissible to park on the street. Mr. Corwin replied that parking would not be included in the rent. Renting a parking stall is an additional $100-$150. Szurek pointed out that there could be a building full of people who do not want to pay to park in the parking structure and instead park on the street. Mr. Corwin explained that Alatus would be open to exploring options, and added that it is difficult to include parking spots in the rent due to the market. He noted that the goal is to have all residents park inside the parking structure. Szurek replied that it was a fairy tale because if people do not want to pay for parking, they will find another place to 22 Item 2. City of Columbia Heights MINUTES January 12, 2026 Special EDA Meeting Page 3 park. She added that there are other areas in the City where people are doing that, and it is creating issues. Márquez-Simula mentioned that she thought there were rules that required on-site parking to be provided. Chirpich replied that zoning regulations including parking would apply to the site. He added that it is expected that it would be a Planned Unit Development approach. Márquez-Simula mentioned that people typically do not pay for parking spots that are outside on an open lot. She expressed her understanding that building a parking garage costs more and wondered why the rules are different. She noted that parking is not provided if there is a cost to residents. Chirpich replied that through the lens of zoning, parking is provided even with a cost. Mr. Corwin added that the cost of parking helps with the building costs of the parking structure. Buesgens asked if the vote was for the bond or if parking was a part of the discussion for the bond. Forney replied that the vote was to approve the bond. He added that review of the project specifics would come back to the EDA for further discussion. James pointed out that in the agreement for the Planned Unit Development (PUD), it says that they will obtain a PUD. She asked if the agreement would occur before going through the process. Forney replied that it is required that Alatus obtain a PUD for the project; otherwise, the project would not move forward. James mentioned that the majority of the TIF bond was listed at 2050. She asked for clarification. Forney replied that the permanent financing for the bonds goes to 2050. The term for the loan agreement is only until 2028. At that time, the City would pick up the bonds after the mortgage. Márquez-Simula asked if the property would stay at the level of affordability and would not change to market-rate. Forney replied that there would be an additional agreement executed between the developer and the City that includes an assessment agreement, which would ensure that the property values stay at a level of the TIF pledge. Chirpich asked Mr. Corwin to speak about the partner that Alatus is working with and their ownership strategy outlook. Mr. Corwin explained that Alatus would be interested in hearing what the City’s preference would be from an affordability standpoint. He added that they are working with a non-profit that typically works with low-income tax credit and federal tax credit housing. There is new legislation that allows them to build workforce housing. Their mandate would be essentially 50%-75% of the building at 80% AMI. Motion by Buesgens, seconded by Deneen, to waive the reading of Resolution No. 2026-05, there being ample copies available to the public. All ayes of present. MOTION PASSED. Motion by Buesgens, seconded by Deneen, to approve Resolution No. 2026-05, a Resolution of the Columbia Heights Economic Development Authority, approving a Development Assistance Agreement with the City of Columbia Heights and Alatus Columbia Heights II LLC. All ayes of present. MOTION PASSED. 23 Item 2. City of Columbia Heights MINUTES January 12, 2026 Special EDA Meeting Page 4 RESOLUTION NO. 2026-05 A RESOLUTION OF THE COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY, APPROVING A DEVELOPMENT ASSISTANCE AGREEMENT WITH THE CITY OF COLUMBIA HEIGHTS AND ALATUS COLUMBIA HEIGHTS II LLC. BE IT RESOLVED, by the Columbia Heights Economic Development Authority (the “EDA”) as follows: Section 1. Recitals. 1.01. The City of Columbia Heights, Minnesota (the “City”) and the Authority have previously established the Alatus Tax Increment Financing District (the “TIF District”), a redevelopment district within the Downtown Central Business Redevelopmen t Project in the City, and approved a tax increment financing plan therefor, all in accordance with Minnesota Statutes, Sections 469.174 through 469.1794, as amended. 1.02. Alatus Columbia Heights II LLC, a Delaware limited liability company (the “Develo per”), owns certain property located in the TIF District (the “Developer Parcel”), and the City owns certain property also located in the TIF District legally described in EXHIBIT B attached to the Agreement hereinafter defined (the “City Parcel” and together with the Developer Parcel, the “Development Property”). If necessary for the purpose of developing a multi-phased mixed-use development project on the Development Property, currently anticipated to include high-density residential housing, medium-density residential housing, commercial/retail space, and public open space (the “Project”), the City will convey the City Parcel to the Authority, for conveyance by the Authority to the Developer pursuant to an amendment to the Agreement. 1.03. To make the Project financially feasible, the City provided a bridge loan to the Developer of the proceeds of the City’s Taxable General Obligation Temporary Tax Increment Bond, Series 2021A, issued by the City on July 21, 2021 in the original aggregate principal amoun t of $5,935,000 (the “Series 2021A Temporary TIF Bond”), which the Developer used to purchase the Developer Parcel and pay costs of demolition and related loan transaction costs. The Series 2021A Temporary TIF Bond was redeemed and prepaid by the City’s Taxable General Obligation Temporary Tax Increment Refunding Bonds, Series 2023A, issued by the City on December 14, 2023, in the original aggregate principal amount of $6,615,000 (the “Series 2023A Temporary TIF Bond”). The City anticipates issuing its Taxa ble General Obligation Tax Increment Refunding Bonds, Series 2026A, on or about January 27, 2026, in the original aggregate principal amount of $7,635,000 (the “Series 2026A TIF Bond”), to redeem and prepay the Series 2023A Temporary TIF Bond. 1.04. The Series 2026A TIF Bond is payable primarily from the tax increments derived from the Development Property and the improvements thereon, as further described in that certain Development Assistance Agreement (the “Agreement”) between the Authority, the City, and the Developer. 1.05. There has been presented to the Board a form of the Agreement, which also includes a form of a Minimum Assessment Agreement (the “Assessment Agreement”) to be executed and delivered by the Developer, the Authority, and the tax assessor for each phase of the Project, including 24 Item 2. City of Columbia Heights MINUTES January 12, 2026 Special EDA Meeting Page 5 in particular, a multifamily housing development currently anticipated to consist of approximately 275 market-rate and/or workforce apartment housing units and parking to be constructed by the Developer on the Developer Parcel (“Phase 1”), as further described in the Agreement. 1.06. The Authority believes that Phase 1 of the Project is in the best interests of the City and will help alleviate a housing shortage in the City. Section 2. Agreement. 2.01. The Board hereby approves the Agreement substantially in accordance with the terms set forth in the form presented to the Board, together with any related documents necessary in connection therewith, including the Assessment Agreement, and without limitation all documents, exhibits, certifications or consents referenced in or attached to the Agreement (collectively, the “Development Documents”) and hereby authorizes the President and the Executive Director (the “Authorized Officers”) to negotiate the final terms thereof and, in their discretion and at such time as they may deem appropriate, to execute the Development Documents on behalf of the Authority, and to carry out, on behalf of the Authority, the Authority’s obligations thereunder when all conditions precedent thereto have been satisfied. 2.02. The approval hereby given to the Development Documents includes approval of such additional details therein as may be necessary and appropriate and such modifications thereof, deletions therefrom and additions thereto as may be necessary and appropriate and approved by legal counsel to the Authority and by the Authorized Officers prior to their execution; and said officers are hereby authorized to approve said changes on behalf of the Authority. The execution of any instrument by the Authorized Officers shall be conclusive evidence of the approval of such document in accordance with the terms hereof. This resolution shall not constitute an offer , and the Development Documents shall not be effective until the date of execution thereof as provided herein. In the event of absence or disability of the officers, any of the documents authorized by this resolution to be executed may be executed without further act or authorization of the Board by any duly designated acting official, or by such other officer or officers of the Board as, in the opinion of the City Attorney, may act on their behalf. 2.03. Upon execution and delivery of the Development Docu ments, the officers and employees of the Authority are hereby authorized and directed to take or cause to be taken such actions as may be necessary on behalf of the Authority to implement the Development Documents. 2.04. The Board hereby authorizes staff of the City and the Authority and the City’s and the Authority’s advisors and legal counsel to proceed with the implementation of this resolution and the Agreement and the Assessment Agreement and to negotiate, draft, and prepare all further plans, resolutions, documents, and contracts necessary for this purpose. Section 3. Future Amendments. The authority to approve, execute and deliver future amendments to the Development Documents entered into by the Authority and consents required under the Development Documents is hereby delegated to the Authorized Officers, subject to the following conditions: (a) such amendments or consents do not materially adversely affect the interests 25 Item 2. City of Columbia Heights MINUTES January 12, 2026 Special EDA Meeting Page 6 of the Authority; (b) such amendments or consents do not contravene or viola te any policy of the Authority, and (c) such amendments or consents are acceptable in form and substance to the City Attorney or the counsel retained by the Authority to review such amendments. The authorization hereby given shall be further construed as authorization for the execution and delivery of such certificates and related items as may be required to demonstrate compliance with the agreements being amended and the terms of this resolution. The execution of any instrument by the Authorized Officers shall be conclusive evidence of the approval of such instruments in accordance with the terms hereof. Section 4. Effective Date. This resolution shall be effective upon approval. Approved this 12th day of January, 2026, by the Board of Commissioners of the Columbia Heights Economic Development Authority. ORDER OF ECONOMIC DEVELOPMENT AUTHORITY Passed this 12th of January 2026 Offered by: Connie Buesgens Seconded by: Laurel Deneen Roll Call: All ayes of present. MOTION PASSED. President Justice Spriggs Attest: Secretary ADJOURNMENT Motion by James, seconded by Márquez-Simula, to adjourn the meeting at 5:58 pm. All ayes. MOTION PASSED. Respectfully submitted, __ Sarah LaVoie, Recording Secretary 26 Item 2. Resolution 2026-06 RESOLUTION NO. 2026-06 A RESOLUTION OF THE ECONOMIC DEVELOPMENT AUTHORITY OF COLUMBIA HEIGHTS, MINNESOTA, APPROVING THE FINANCIAL STATEMENTS FOR THE MONTH OF DECEMBER 2025 AND THE PAYMENT OF THE BILLS FOR THE MONTH OF DECEMBER 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 December 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 2nd day of February 2026 Offered by: Seconded by: Roll Call: Title: President Attest: Title: Secretary 27 Item 3. AmountInvoiceInvoice DateVendorInvoice Line DescGL Number INVOICE GL DISTRIBUTION REPORT FOR CITY OF COLUMBIA HEIGHTS 1/2Page:01/15/2026 12:49 PM User: suems DB: Columbia Heights EXP CHECK RUN DATES 12/01/2025 - 12/31/2025 BOTH JOURNALIZED AND UNJOURNALIZED PAID Check 205205 2,306.30 271912/01/25BAUER SERVICES II INCBOARD UP 4510 TAYLOR ST408.6414.44000 2,306.30 Total For Check 205205 Check 205238 305.00 34280110/01/25VOIGHT/EMILIEAPA AICP EXAM FEE 111825204.6314.43105 305.00 Total For Check 205238 Check 205317 172.00 3135911/10/25TIMESAVER OFF SITE SECRETR INCEDA MINUTES 111025204.6314.43050 172.00 Total For Check 205317 Check 205379 406.25 10365311/24/25EHLERS & ASSOCIATES INCTIF LEGISLATION REVIEW, PREPARE BOND EST204.6314.43050 243.75 10435112/16/25EHLERS & ASSOCIATES INCTIF SPECIAL LEGISLATION204.6314.43050 650.00 Total For Check 205379 Check 205417 720.00 365563311/12/25KUTAK ROCK LLPGENERAL EDA LEGALSERVICES 1025204.6314.43045 1,104.00 362864909/30/25KUTAK ROCK LLPNOAH DOCUMENT REVIEW AND ASSISTANCE 0825204.6314.43045 936.00 367112312/09/25KUTAK ROCK LLPGENERAL EDA ATTORNEYS FEES204.6314.43045 2,312.00 365564011/12/25KUTAK ROCK LLPALATUS TIF SPEC LEGLATN 092225-103125393.7000.43050 1,017.50 367112412/09/25KUTAK ROCK LLPSPECIAL LEGISLATION ALATUS TIF 393.7000.43050 6,089.50 Total For Check 205417 Check 205460 42.55 99289997111/26/25POPP.COM INC112625 - 10013121 PHONE COMMDEV ADMIN204.6314.43210 42.55 Total For Check 205460 Check 205487 228.00 3152312/12/25TIMESAVER OFF SITE SECRETR INCEDA MINUTES 120125204.6314.43050 228.00 Total For Check 205487 Check 205496 305.00 12152512/15/25VOIGHT/EMILIEAPA AICP CREDENTIAL ASSMNT FEE 121525204.6314.43105 305.00 Total For Check 205496 Check 205501 839.65 123560362212/08/25XCEL ENERGY (N S P)ELECTRIC228.6317.43810 839.65 Total For Check 205501 Check 2615 69.99 09-13764-9577210/29/25EBAYDVR-FACADE NORTH EAST AUTO408.6411.42010 69.99 Total For Check 2615 28 Item 3. AmountInvoiceInvoice DateVendorInvoice Line DescGL Number INVOICE GL DISTRIBUTION REPORT FOR CITY OF COLUMBIA HEIGHTS 2/2Page:01/15/2026 12:49 PM User: suems DB: Columbia Heights EXP CHECK RUN DATES 12/01/2025 - 12/31/2025 BOTH JOURNALIZED AND UNJOURNALIZED PAID 4,462.55 Fund 204 EDA ADMINISTRATION 839.65 Fund 228 DOWNTOWN PARKING 3,329.50 Fund 393 TIF BB6 ALATUS 4300 CENTRAL 2,376.29 Fund 408 EDA REDEVELOPMENT PROJECT FD Fund Totals: 2,306.30 BOARD UP 4510 TAYLOR ST408.6414.44000 69.99 DVR-FACADE NORTH EAST AUTO408.6411.42010 3,329.50 ALATUS TIF SPEC LEGLATN 092225-103125393.7000.43050 839.65 ELECTRIC228.6317.43810 42.55 112625 - 10013121 PHONE COMMDEV ADMIN204.6314.43210 610.00 APA AICP EXAM FEE 111825204.6314.43105 1,050.00 TIF LEGISLATION REVIEW, PREPARE BOND EST204.6314.43050 2,760.00 GENERAL EDA LEGALSERVICES 1025204.6314.43045 --- TOTALS BY GL DISTRIBUTION --- 11,007.99 Total For All Funds: 29 Item 3. REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 1/10Page:01/15/2026 12:47 PM User: suems DB: Columbia Heights PERIOD ENDING 12/31/2025 % BDGT USED UNENCUMBERED BALANCE YTD BALANCE 12/31/2025 ACTIVITY FOR MONTH 12/31/25 ENCUMBERED YEAR-TO-DATE 2025 AMENDED BUDGETDESCRIPTIONGL NUMBER Fund 204 - EDA ADMINISTRATION Expenditures Dept 6314 - ECONOMIC DEVELOPMENT AUTH PERSONNEL SERVICES 111.32 (21,190.51)208,390.51 16,843.24 0.00 187,200.00 REGULAR EMPLOYEES204.6314.41010 109.11 (1,274.72)15,274.72 1,204.39 0.00 14,000.00 P.E.R.A. CONTRIBUTION204.6314.41210 109.12 (1,303.86)15,603.86 1,260.06 0.00 14,300.00 F.I.C.A. CONTRIBUTION204.6314.41220 63.11 9,037.78 15,462.22 1,281.71 0.00 24,500.00 INSURANCE204.6314.41300 106.73 (47.14)747.14 58.92 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 102.15 (5,378.45)255,478.45 20,648.32 0.00 250,100.00 PERSONNEL SERVICES SUPPLIES 136.47 (72.94)272.94 55.58 0.00 200.00 OFFICE SUPPLIES204.6314.42000 80.42 39.17 160.83 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 263.50 (326.99)526.99 0.00 0.00 200.00 FOOD SUPPLIES204.6314.42175 120.10 (160.76)960.76 55.58 0.00 800.00 SUPPLIES OTHER SERVICES & CHARGES 100.00 (5,726.80)5,726.80 936.00 0.00 0.00 ATTORNEY FEES-OTHER204.6314.43045 288.07 (16,738.00)25,638.00 1,590.50 0.00 8,900.00 EXPERT & PROFESSIONAL SERV.204.6314.43050 92.98 295.00 3,905.00 305.00 0.00 4,200.00 TRAINING & EDUCATION ACTIVITIES204.6314.43105 134.67 (312.05)733.22 42.45 478.83 900.00 TELEPHONE204.6314.43210 221.58 (972.63)1,772.63 601.73 0.00 800.00 POSTAGE204.6314.43220 100.26 (0.79)300.79 23.16 0.00 300.00 OTHER TELECOMMUNICATIONS204.6314.43250 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 100.00 (0.04)3,500.04 291.67 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)3,507.02 0.00 3,037.68 1,100.00 SOFTWARE & SOFTWARE SUBSCRIPTIONS204.6314.44030 100.00 (0.04)9,500.04 791.67 0.00 9,500.00 INFORMATION SYS:INTERNAL SVC204.6314.44040 100.00 (250.00)250.00 0.00 0.00 0.00 MISC. CHARGES204.6314.44300 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 180.32 (26,505.05)55,988.54 4,582.18 3,516.51 33,000.00 OTHER SERVICES & CHARGES CONTINGENCIES & TRANSFERS 87.65 3,100.04 21,999.96 1,833.33 0.00 25,100.00 OPER. TRANSFER OUT - LABOR204.6314.47100 87.65 3,100.04 21,999.96 1,833.33 0.00 25,100.00 CONTINGENCIES & TRANSFERS 109.37 (28,944.22)334,427.71 27,119.41 3,516.51 309,000.00 Total Dept 6314 - ECONOMIC DEVELOPMENT AUTH 109.37 (28,944.22)334,427.71 27,119.41 3,516.51 309,000.00 TOTAL EXPENDITURES 109.37 (28,944.22)334,427.71 27,119.41 3,516.51 309,000.00 TOTAL EXPENDITURES 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL REVENUES Fund 204 - EDA ADMINISTRATION: 30 Item 3. REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 2/10Page:01/15/2026 12:47 PM User: suems DB: Columbia Heights PERIOD ENDING 12/31/2025 % BDGT USED UNENCUMBERED BALANCE YTD BALANCE 12/31/2025 ACTIVITY FOR MONTH 12/31/25 ENCUMBERED YEAR-TO-DATE 2025 AMENDED BUDGETDESCRIPTIONGL NUMBER Fund 204 - EDA ADMINISTRATION 109.37 28,944.22 (334,427.71)(27,119.41)(3,516.51)(309,000.00)NET OF REVENUES & EXPENDITURES 31 Item 3. REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 3/10Page:01/15/2026 12:47 PM User: suems DB: Columbia Heights PERIOD ENDING 12/31/2025 % BDGT USED UNENCUMBERED BALANCE YTD BALANCE 12/31/2025 ACTIVITY FOR MONTH 12/31/25 ENCUMBERED YEAR-TO-DATE 2025 AMENDED BUDGETDESCRIPTIONGL NUMBER Fund 228 - DOWNTOWN PARKING 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 100.00 0.04 3,699.96 308.33 0.00 3,700.00 PROP & LIAB INSURANCE228.6317.43600 98.01 41.81 2,058.19 0.00 0.00 2,100.00 UTILITY SERVICES228.6317.43800 65.46 4,627.81 8,772.19 839.65 0.00 13,400.00 ELECTRIC228.6317.43810 58.06 14,763.61 19,822.09 0.00 614.30 35,200.00 REPAIR & MAINT. SERVICES228.6317.44000 767.30 (13,345.97)4,695.97 1,953.97 10,650.00 2,000.00 BLDG MAINT CONTRACTUAL SERVICES228.6317.44020 145.00 (45.00)145.00 0.00 0.00 100.00 TAXES & LICENSES228.6317.44390 96.88 1,765.57 43,470.13 3,101.95 11,264.30 56,500.00 OTHER SERVICES & CHARGES 94.54 3,166.62 43,569.08 3,101.95 11,264.30 58,000.00 Total Dept 6317 - DOWNTOWN PARKING 94.54 3,166.62 43,569.08 3,101.95 11,264.30 58,000.00 TOTAL EXPENDITURES 94.54 (3,166.62)(43,569.08)(3,101.95)(11,264.30)(58,000.00)NET OF REVENUES & EXPENDITURES 94.54 3,166.62 43,569.08 3,101.95 11,264.30 58,000.00 TOTAL EXPENDITURES 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL REVENUES Fund 228 - DOWNTOWN PARKING: 32 Item 3. REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 4/10Page:01/15/2026 12:47 PM User: suems DB: Columbia Heights PERIOD ENDING 12/31/2025 % BDGT USED UNENCUMBERED BALANCE YTD BALANCE 12/31/2025 ACTIVITY FOR MONTH 12/31/25 ENCUMBERED YEAR-TO-DATE 2025 AMENDED BUDGETDESCRIPTIONGL NUMBER Fund 372 - HUSET PARK AREA TIF (T6) Expenditures Dept 7000 - BONDS OTHER SERVICES & CHARGES 126.32 (2,632.22)11,332.22 0.00 1,300.00 10,000.00 EXPERT & PROFESSIONAL SERV.372.7000.43050 73.00 121,478.06 328,521.94 0.00 0.00 450,000.00 LOANS & GRANTS372.7000.44600 74.16 118,845.84 339,854.16 0.00 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 0.00 0.00 45,900.00 INTEREST372.7000.46110 111.67 (175.00)975.00 0.00 700.00 1,500.00 FISCAL AGENT CHARGES372.7000.46200 100.10 (200.00)191,900.00 0.00 700.00 192,400.00 CAPITAL OUTLAY 81.81 118,645.84 531,754.16 0.00 2,000.00 652,400.00 Total Dept 7000 - BONDS 81.81 118,645.84 531,754.16 0.00 2,000.00 652,400.00 TOTAL EXPENDITURES 81.81 (118,645.84)(531,754.16)0.00 (2,000.00)(652,400.00)NET OF REVENUES & EXPENDITURES 81.81 118,645.84 531,754.16 0.00 2,000.00 652,400.00 TOTAL EXPENDITURES 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL REVENUES Fund 372 - HUSET PARK AREA TIF (T6): 33 Item 3. REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 5/10Page:01/15/2026 12:47 PM User: suems DB: Columbia Heights PERIOD ENDING 12/31/2025 % BDGT USED UNENCUMBERED BALANCE YTD BALANCE 12/31/2025 ACTIVITY FOR MONTH 12/31/25 ENCUMBERED YEAR-TO-DATE 2025 AMENDED BUDGETDESCRIPTIONGL NUMBER Fund 375 - TIF Z6: 47TH & GRAND 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 0.00 0.00 0.00 LOANS & GRANTS375.7000.44600 100.00 (44,919.02)44,319.02 0.00 600.00 0.00 OTHER SERVICES & CHARGES 100.00 (44,919.02)44,319.02 0.00 600.00 0.00 Total Dept 7000 - BONDS 100.00 (44,919.02)44,319.02 0.00 600.00 0.00 TOTAL EXPENDITURES 100.00 44,919.02 (44,319.02)0.00 (600.00)0.00 NET OF REVENUES & EXPENDITURES 100.00 (44,919.02)44,319.02 0.00 600.00 0.00 TOTAL EXPENDITURES 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL REVENUES Fund 375 - TIF Z6: 47TH & GRAND: 34 Item 3. REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 6/10Page:01/15/2026 12:47 PM User: suems DB: Columbia Heights PERIOD ENDING 12/31/2025 % BDGT USED UNENCUMBERED BALANCE YTD BALANCE 12/31/2025 ACTIVITY FOR MONTH 12/31/25 ENCUMBERED YEAR-TO-DATE 2025 AMENDED BUDGETDESCRIPTIONGL NUMBER Fund 391 - SCATTERED SITE TIF W3/W4 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 2,166.44 (1,566.44)0.00 (600.00)0.00 NET OF REVENUES & EXPENDITURES 100.00 (2,166.44)1,566.44 0.00 600.00 0.00 TOTAL EXPENDITURES 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL REVENUES Fund 391 - SCATTERED SITE TIF W3/W4: 35 Item 3. REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 7/10Page:01/15/2026 12:47 PM User: suems DB: Columbia Heights PERIOD ENDING 12/31/2025 % BDGT USED UNENCUMBERED BALANCE YTD BALANCE 12/31/2025 ACTIVITY FOR MONTH 12/31/25 ENCUMBERED YEAR-TO-DATE 2025 AMENDED BUDGETDESCRIPTIONGL NUMBER Fund 392 - TIF BB2 ALATUS 40TH AV 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 0.00 0.00 0.00 LOANS & GRANTS392.7000.44600 100.00 (450,538.83)449,938.83 0.00 600.00 0.00 OTHER SERVICES & CHARGES 100.00 (450,538.83)449,938.83 0.00 600.00 0.00 Total Dept 7000 - BONDS 100.00 (450,538.83)449,938.83 0.00 600.00 0.00 TOTAL EXPENDITURES 100.00 450,538.83 (449,938.83)0.00 (600.00)0.00 NET OF REVENUES & EXPENDITURES 100.00 (450,538.83)449,938.83 0.00 600.00 0.00 TOTAL EXPENDITURES 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL REVENUES Fund 392 - TIF BB2 ALATUS 40TH AV: 36 Item 3. REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 8/10Page:01/15/2026 12:47 PM User: suems DB: Columbia Heights PERIOD ENDING 12/31/2025 % BDGT USED UNENCUMBERED BALANCE YTD BALANCE 12/31/2025 ACTIVITY FOR MONTH 12/31/25 ENCUMBERED YEAR-TO-DATE 2025 AMENDED BUDGETDESCRIPTIONGL NUMBER Fund 393 - TIF BB6 ALATUS 4300 CENTRAL Expenditures Dept 7000 - BONDS OTHER SERVICES & CHARGES 100.00 (4,600.52)4,000.52 1,017.50 600.00 0.00 EXPERT & PROFESSIONAL SERV.393.7000.43050 100.00 (4,600.52)4,000.52 1,017.50 600.00 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 1.33 341,399.48 4,000.52 1,017.50 600.00 346,000.00 Total Dept 7000 - BONDS 1.33 341,399.48 4,000.52 1,017.50 600.00 346,000.00 TOTAL EXPENDITURES 1.33 (341,399.48)(4,000.52)(1,017.50)(600.00)(346,000.00)NET OF REVENUES & EXPENDITURES 1.33 341,399.48 4,000.52 1,017.50 600.00 346,000.00 TOTAL EXPENDITURES 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL REVENUES Fund 393 - TIF BB6 ALATUS 4300 CENTRAL: 37 Item 3. REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 9/10Page:01/15/2026 12:47 PM User: suems DB: Columbia Heights PERIOD ENDING 12/31/2025 % BDGT USED UNENCUMBERED BALANCE YTD BALANCE 12/31/2025 ACTIVITY FOR MONTH 12/31/25 ENCUMBERED YEAR-TO-DATE 2025 AMENDED BUDGETDESCRIPTIONGL NUMBER Fund 408 - EDA REDEVELOPMENT PROJECT FD 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 (1,011.25)1,011.25 0.00 0.00 0.00 MISC. CHARGES408.6314.44300 100.00 (35,000.00)35,000.00 0.00 0.00 0.00 LOANS & GRANTS408.6314.44600 100.00 (36,068.85)36,068.85 0.00 0.00 0.00 OTHER SERVICES & CHARGES 100.00 (36,068.85)36,068.85 0.00 0.00 0.00 Total Dept 6314 - ECONOMIC DEVELOPMENT AUTH Dept 6411 - FACADE IMPROVEMENT GRANT SUPPLIES 100.00 (149.33)149.33 23.49 0.00 0.00 MINOR EQUIPMENT408.6411.42010 100.00 (149.33)149.33 23.49 0.00 0.00 SUPPLIES OTHER SERVICES & CHARGES 100.00 (24,559.99)24,559.99 0.00 0.00 0.00 LOANS & GRANTS408.6411.44600 100.00 (24,559.99)24,559.99 0.00 0.00 0.00 OTHER SERVICES & CHARGES 100.00 (24,709.32)24,709.32 23.49 0.00 0.00 Total Dept 6411 - FACADE IMPROVEMENT GRANT Dept 6414 - COMMERCIAL REVITALIZATION OTHER SERVICES & CHARGES 100.00 (2,306.30)2,306.30 2,306.30 0.00 0.00 REPAIR & MAINT. SERVICES408.6414.44000 100.00 (77.30)77.30 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 1.19 197,616.40 2,383.60 2,306.30 0.00 200,000.00 OTHER SERVICES & CHARGES CAPITAL OUTLAY 85.00 30,000.00 101,593.12 0.00 68,406.88 200,000.00 LAND408.6414.45110 85.00 30,000.00 101,593.12 0.00 68,406.88 200,000.00 CAPITAL OUTLAY 43.10 227,616.40 103,976.72 2,306.30 68,406.88 400,000.00 Total Dept 6414 - COMMERCIAL REVITALIZATION 58.29 166,838.23 164,754.89 2,329.79 68,406.88 400,000.00 TOTAL EXPENDITURES 58.29 (166,838.23)(164,754.89)(2,329.79)(68,406.88)(400,000.00)NET OF REVENUES & EXPENDITURES 58.29 166,838.23 164,754.89 2,329.79 68,406.88 400,000.00 TOTAL EXPENDITURES 0.00 0.00 0.00 0.00 0.00 0.00 TOTAL REVENUES Fund 408 - EDA REDEVELOPMENT PROJECT FD: 38 Item 3. REVENUE AND EXPENDITURE REPORT FOR CITY OF COLUMBIA HEIGHTS 10/10Page:01/15/2026 12:47 PM User: suems DB: Columbia Heights PERIOD ENDING 12/31/2025 % BDGT USED UNENCUMBERED BALANCE YTD BALANCE 12/31/2025 ACTIVITY FOR MONTH 12/31/25 ENCUMBERED YEAR-TO-DATE 2025 AMENDED BUDGETDESCRIPTIONGL NUMBER 94.14 (103,481.66)(1,574,330.65)(33,568.65)(87,587.69)(1,765,400.00)NET OF REVENUES & EXPENDITURES 94.14 103,481.66 1,574,330.65 33,568.65 87,587.69 1,765,400.00 TOTAL EXPENDITURES - ALL FUNDS 100.00 0.00 0.00 0.00 0.00 0.00 TOTAL REVENUES - ALL FUNDS 39 Item 3. ITEM: NOAH Loan Program Servicing Agreement. Presenting Item: CD Coordinator Emilie Voight DEPARTMENT: Community Development BY/DATE: CD Staff, 01/27/2026 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 In October 2025, the EDA approved the Columbia Heights Naturally Occurring Affordable Housing (NOAH) Loan Program, an initiative designed to help preserve and maintain affordable housing in the City. In partnership with the Minnesota Center for Energy and Environment (CEE) and funded using a portion of the City’s Local Affordable Housing Aid funds and the EDA’s Fund 408 dollars, the program grants loans to property owners of eligible 2+ unit residential rental properties to complete renovations and improvements to their buildings. Following the program’s launch on January 1st, program partner CEE informed City staff that a separate contract document was needed for the servicing portion of the loan administration. CEE requires this separate agreement to ensure that if the NOAH Loan Program were ever dissolved, any loans that had been originated and granted would remain supervised until the ends of their 20-year terms. Without the separate loan servicing contract, these loans could be left unsupported. It is important to note that the NOAH Loan Program budget and costs remain unchanged; loan servicing by CEE had been included and accounted for in the program budget that was previously approved by the EDA. STAFF RECOMMENDATION Staff recommend approval of Resolution 2026-07. The separate loan servicing documents serve only to ensure that all loans will be appropriately supported throughout their terms. RECOMMENDED MOTION(S): MOTION: Move to waive the reading of Resolution 2026-07, there being ample copies available to the public. MOTION: Move to adopt Resolution 2026-07, a resolution of the Economic Development Authority of Columbia Heights, Minnesota, approving the Servicing Agreement for the Columbia Heights Naturally Occurring Affordable Housing (NOAH) Loan Program. ECONOMIC DEVELOPMENT AUTHORITY AGENDA SECTION CONSENT AGENDA MEETING DATE 02/02/2026 40 Item 4. City of Columbia Heights - EDA Letter Page 2 ATTACHMENT(S) 1. Resolution 2026-07 2. Draft Servicing Agreement 3. Draft Exhibit A Duties of the Servicer 4. Draft Exhibit B Fee Schedule 41 Item 4. Resolution 2026-07 RESOLUTION NO. 2026-07 A RESOLUTION OF THE ECONOMIC DEVELOPMENT AUTHORITY OF COLUMBIA HEIGHTS, MINNESOTA, APPROVING THE SERVICING AGREEMENT FOR THE COLUMBIA HEIGHTS NATURALLY OCCURRING AFFORDABLE HOUSING (NOAH) LOAN PROGRAM. 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, in 2025, the EDA approved the creation of the Naturally Occurring Affordable Housing (NOAH) Loan Program (the “Program”); and WHEREAS, due to limited staff capacity, the EDA is partnering 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 form and substance of the Columbia Heights Naturally Occurring Affordable Housing (NOAH) Loan Program Servicing Agreement (the “Agreement”), the Duties of the Servicer (Exhibit A), and the Servicing Fee Schedule (Exhibit B); and 2. Authorizes the officers, employees, and other agents of the Authority to take all actions necessary to perform the Authority’s obligations under the Servicing 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 2nd day of February, 2026 Offered by: Seconded by: Roll Call: President Attest: Secretary 42 Item 4. 1 | P a g e COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY Loan Servicing Agreement # CL162-31-965982.v1 LOAN SERVICING AGREEMENT This LOAN SERVICING AGREEMENT (“Agreement”) is made by and between CENTER FOR ENERGY AND ENVIRONMENT, a nonprofit corporation organized under the laws of the State of Minnesota with offices at 212 Third Avenue North, Suite 560, Minneapolis, Minnesota 55401 (“CEE”) and COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY, a public body corporate and politic and political subdivision of the State of Minnesota (the “EDA”) acting through the CITY OF COLUMBIA HEIGHTS COMMUNITY DEVELOPMENT DEPARTMENT, with offices at 3989 Central Avenue NE, Columbia Heights, Minnesota 55421 (“Client”). RECITALS In consideration of their mutual undertakings and payments provided for herein, the parties recite, covenant, and agree to the following: A. CEE is a non-profit corporation engaged in the servicing of development loans; and represents that it is qualified and authorized to perform the services described herein; and B. Client originates, purchases, owns, and/or manages loans that benefit economically distressed or declining areas, disadvantaged persons, neighborhoods or community revitalization, foster job creation, or other governmental purposes or section 501(c)(3) charitable purposes; and C. CEE is authorized by Client to function as a servicing agent under the terms of this Agreement; and D. Client now desires to have CEE perform the duties set forth herein for the loans covered by this Loan Servicing Agreement (the “Agreement”). NOW, THEREFORE, CEE and Client agree as follows: 1. Duties of CEE CEE shall, at all times and with respect to all loans identified by Client (the “Client Loans”) which it has been engaged by the Client to service, employ its normal and regular servicing activities in the servicing of Client Loans to perform those responsibilities specifically set forth on Exhibit A (the “Services”). The parties acknowledge that, from time to time, the Services may be modified at the request of the Client and agreement by CEE. Such changes shall be mutually agreed upon and are not effective unless agreed to in writing by the execution of a revised Exhibit A. 2. Effective Date 43 Item 4. 2 | P a g e COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY Loan Servicing Agreement # CL162-31-965982.v1 CEE shall commence servicing activities under this Agreement effective on the following date: February 3rd, 2026 (“Effective Date”) and shall continue until terminated as provided in Section 17 of this Agreement. 3. Servicing Compensation and Reimbursement Client shall compensate CEE for the Services in accordance with the fee schedule attached as Exhibit B of this Agreement and reimburse CEE for any of CEE’s out of pocket third-party costs of recordation, perfecting or releasing liens, legal costs incurred, servicing of notices, repossession, foreclosure, and other similar costs paid by CEE on behalf of Client with respect to CEE’s actions on specific Client Loan(s) (the “Fees”). CEE shall retain any late fee payments collected from borrowers of Client Loans. CEE shall retain fees owed from Fund Remittance as provided in Exhibit A. CEE shall issue a report to Client in alignment with the schedule specified in Exhibit A, commencing the 10th business day of the month following the first loan originated, showing fees netted with funds remitted to Client. Following the Initial Term, as hereinafter defined, CEE may increase the Fees from time to time by providing an updated Exhibit B to Client at least sixty (60) days prior to effective date of the new fee schedule and no more than one time annually. 4. Initial Boarding of Clients In making this Agreement, CEE represents, warrants, and agrees to provide Client the Information for each Client Loan and the loan documents related to the Client Loans upon request. For purposes of this Agreement, “Information” shall include the following:  Borrower Full Name  Property Address, if Secured  Loan Amount  Interest Rate  Term  Closing Date  Monthly Payment Amount  Payoff Date  Amortization Schedule  Closing Documents  Servicing Records  Complaint Resolution  Collections Records (for Delinquent Accounts only) Client will cooperate with CEE, and provide CEE such information and documents as may be necessary in CEE’s discretion to perform its duties under this Agreement, reconcile any loan 44 Item 4. 3 | P a g e COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY Loan Servicing Agreement # CL162-31-965982.v1 balance information provided to CEE, and CEE may rely in good faith on information provided to it by Client. 5. Ongoing Boarding of Client Loans On a regular basis, following the Effective Date of this Agreement, CEE will notify Client of newly originated Loans for which it will service under the terms of this Agreement. Client represents, warrants, and agrees to cooperate with CEE, and provide CEE such information as may be necessary to perform its duties under this Agreement, reconcile any loan balance information provided to CEE, and CEE may rely in good faith on information provided to it by Client. CEE represents, warrants, and agrees to onboard loans accurately according to the provisions provided by Client and shall, subject to Section 26. Force Majeure of this Agreement, remedy any onboarding errors within five (5) business days (or such shorter period as may be required by applicable law) after receipt of notice of such errors. 6. Reports the Property of Client All reports, documents, and materials delivered by CEE to Client pursuant to this Agreement are the exclusive property of Client. Client may use any work product prepared by CEE in such manner, for such purpose, and as often as Client shall deem advisable, in whole, in part, or in modified form, without further compensation to CEE. 7. Nature of Agreement CEE shall perform all of its services and duties hereunder at its own expense and without cost or charge to Client except as expressly provided in Exhibit B of this Agreement. Governmental Approvals. CEE has obtained and will maintain in full force and effect, and satisfy at all times, all related eligibility criteria in order to maintain in full force and effect, without material impairment, suspension or revocation, all municipal, local, or other applicable governmental approvals, registrations, qualifications, permits, licenses, and other applicable authorizations that are required or necessary to perform and conduct the services and CEE’s business in accordance with Applicable Requirements, as hereinafter defined. For purposes of this Agreement, “Applicable Requirements” shall mean: (1) All applicable federal, state, and local legal and regulatory requirements binding upon CEE related to the performance of the Services; (2) All other final judicial and administrative judgments, orders, stipulations, awards, writs, and injunctions applicable to CEE; and 45 Item 4. 4 | P a g e COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY Loan Servicing Agreement # CL162-31-965982.v1 (3) The reasonable and customary practices of prudent loan servicing providers that offer the same types of services as CEE for the same types of loans serviced by CEE in the jurisdictions in which CEE operates. 8. Disaster Recovery CEE shall take all commercially reasonable precautions to mitigate the risks to information regarding the Client Loans in connection with disruptions to business operations due to fire, flood, storm, epidemic illness, equipment failure, sabotage, terrorism, natural disaster, disaster caused by humans, or electronic data system failures; CEE shall keep duplicate records of all electronic information in its possession or control pertaining to Client Loans and shall store at least one copy of such duplicate records in a site remote from its main offices in the following manner: (1) Full backups of daily files for 7 consecutive days (weekly backup); (2) Full weekly backups rolled into monthly backups; (3) Monthly backups rolled into yearly files and kept for 7 years from the date loan is paid off; (4) Full daily backups of Cloud Data; (5) Daily Cloud backups rolled up into Monthly files and moved out of the Cloud into magnetic storage after 30 days; (6) In the event of a natural disaster or catastrophic failure of CEE’s electronic data system, CEE shall have a period not to exceed 45 days from the date of such catastrophe to recover or reconstruct such lost data necessary for compliance with its disaster recovery obligations. *The Cloud Provider's policy is subject to change. CEE will notify Client of any material changes in the event that they affect the security of the loans. 9. Equal Opportunity Employment CEE shall comply with all applicable provisions of the Equal Credit Opportunity Act (15 U.S.C. § 1691 et seq.). CEE is an equal opportunity employer and will not discriminate against any person on the basis of race, color, creed, religion, sex, national origin, age, disability, marital status, sexual orientation, status with regards to public assistance, or any other characteristic protected by law. 10. Compliance General. CEE shall comply with all Applicable Requirements. Vendors. From time to time, CEE may engage vendors to perform certain tasks that may be included in CEE’s performance of the Services. CEE shall follow commercially reasonable 46 Item 4. 5 | P a g e COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY Loan Servicing Agreement # CL162-31-965982.v1 practices designed to ensure that any Services performed by vendors are in compliance with the Applicable Requirements and this Agreement. Policies and Procedures. CEE will maintain and follow written internal policies and procedures related to the Applicable Requirements in connection with providing services to Client, including without limitation, policies and procedures for internal quality control, employee hiring and training, and other methods that ensure compliance. Audit Rights. Client will have the right to audit CEE, at Client’s own expense and not more than once per calendar year, for purposes of evaluating compliance with the terms of this Agreement. CEE will require full cooperation and will be responsible for assuring full cooperation by its employees and vendors in connection with such audits. CEE will and shall cause any vendor that performs tasks related to the Services to allow Client and its counsel, accountants, and other representatives and agents, as well as the applicable regulatory authorities of Client, reasonable access upon thirty (30) days advance written notice and only during normal business hours, to all of CEE and vendors’ files, books and records directly relating to the Services performed for Client under this Agreement. CEE will provide, and shall require the vendor to provide, to Client, or obtain for Client, access to such properties, records, and personnel as Client may reasonably require, and shall provide Client with CEE’s most recent audited financial statements and the names, resumes, and proof of any required licensures for all relevant personnel employed by CEE. The Client and its representatives, agents and affiliates shall treat all information obtained in such investigation that is not otherwise in the public domain as confidential. CEE shall make financial statement audits available to Client on an annual basis, including any SSAE -16 audits that may be performed on behalf of CEE. CEE shall remit annual financial statement audit reports to Client upon request. 11. Cooperation Client agrees that it shall (a) promptly deliver to CEE (i) any communications that Client receives from a borrower relating to such borrower’s Client Loan, and (ii) any communication Client receives from any regulator, state of federal agency or other governmental entity relating to any borrower’s Client Loan that is being serviced by CEE or otherwise relating to CEE’s loan servicing activities, and (b) cooperate with CEE regarding any claim, dispute, regulatory examination or investigation related to Client’s loans and the services provided to Client by CEE under this Agreement. 12. Indemnity CEE and Client each agree to indemnify, defend, and hold the other and each of their respective officers, directors, members. employees, agents, counsel, advisors, and representatives (each, an “Indemnified Party”) harmless from and against any and all claims, losses, penalties, fines, forfeitures, legal fees and related costs, judgments, and any other costs, fees, and expenses incurred by Indemnified Party arising out of any actions, demands, investigations, proceedings, claims, counterclaims, or defenses, made by or on behalf of any third party related to the failure 47 Item 4. 6 | P a g e COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY Loan Servicing Agreement # CL162-31-965982.v1 of CEE or Client to perform its duties in compliance with the terms of this Agreement. Notwithstanding the foregoing, neither CEE nor Client shall indemnify any such Indemnified Party if such acts, omissions, or alleged acts constitute fraud, gross negligence, willful misconduct, or breach of fiduciary duty by such Indemnified Party. Neither CEE nor Client shall have an obligation to appear with respect to, prosecute, or defend any legal action which is not incidental to this Agreement. 13. Taxes Neither CEE nor Client shall be responsible to the other party for any taxes owed by such party, including, without limitation, any federal, state, or local income or franchise taxes or other taxes, imposed on or measured by income received by such party (or any interest or penalties with respect thereto or arising from a failure to comply therewith) that are required to be paid by such party in connection herewith to any taxing authority. 14. Reliance CEE and Client, and any director, officer, member, employee, representative or agent of CEE or Client respectively, may rely on any document of any kind which it, in good faith, reasonably believes to be genuine and to have been adopted or signed by the proper authorities or persons respecting any matters arising hereunder. 15. Insurance 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 $1,000,000 Combined Single Limit Excess Liability $1,000,000 Aggregate Limit Professional Liability $1,000,000 Aggregate Limit Workers Compensation Statutory Limit CEE shall provide to Client within 10 days of execution of this Agreement a Certificate of Insurance setting forth the insurance coverages. 16. Limitation of Liability CEE’s role is strictly limited to the Services. Client will be solely responsible for making all decisions concerning the management of the Client Loans. At all times, Client will be responsible for the accuracy of all information provided to CEE, and CEE may rely on any document of any kind which it, in good faith, reasonably believes to be genuine and to have been adopted or signed by the proper authorities or persons respecting any matters arising hereunder. The sole duty of CEE is to exercise ordinary care in its performance of the obligations described in this Agreement. Client agrees that CEE, its officers, directors, agents, and employees (“CEE Representatives”) will not be liable for events or circumstances beyond their reasonable control. 48 Item 4. 7 | P a g e COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY Loan Servicing Agreement # CL162-31-965982.v1 Client and CEE agree that clerical errors and mistakes in judgment do not constitute a failure to exercise ordinary care or to act in good faith. Neither party shall be liable to the other or any other person for any indirect, incidental, consequential, punitive or special damages whatsoever (including without limitation, any damages claimed for loss of income, revenue, or profits or for loss of goodwill) arising from or related to services provided pursuant to this Agreement. Except as provided in Section 12, the exclusive remedy available to Client shall be the right to pursue claims for actual damages that are directly caused by acts or omissions that are breaches by CEE of its duties under this Agreement. 17. Term of Agreement: Termination The initial term shall commence on the Effective Date and continue for a period of three (3) years (the “Initial Term”). Thereafter, the Agreement shall automatically renew for successive one (1) year periods, unless CEE or Client provides written notice of non-renewal or amendment to the other party at least sixty (60) days before the end of the then current term. Notwithstanding the preceding, on the date corresponding to sixty days prior to the initial three-year anniversary, the contract will automatically extend to the next one-year anniversary date, unless notice of termination is given as specified in the following paragraph. Either Client or CEE may terminate servicing by CEE with respect to any Client Loan or all Client Loans upon (a) ninety (90) days prior written notice delivered to the other party via email (and duly acknowledged by the other party) or (b) upon the occurrence of a CEE Termination Event (as defined below). Upon such termination, CEE shall promptly supply appropriate reports, documents, promissory notes, and other information as requested by Client or any person or entity designated by Client and shall use its commercial best efforts to affect the orderly and efficient transfer or servicing to the Client or a new servicer designated by Client subject to the fees described in Exhibit B. If any of the following events with respect to CEE shall occur and be continuing, it shall be a “Termination Event”: A. Any failure by CEE to remit any payment required to be made under the terms of the Agreement which continues un-remedied for a period of ten (10) business days after such payment was required to be made (and such cured failure shall not be deemed a Termination Event); provided, however, that any such failure shall not constitute a Termination Event if such delay or failure could not have been prevented by the exercise of reasonable diligence by CEE, or such delay or failure was caused by events subject to Section 26. Force Majeure; or B. Any material breach by CEE or Client of their respective representations and warranties contained herein that materially and adversely affects the interests of the 49 Item 4. 8 | P a g e COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY Loan Servicing Agreement # CL162-31-965982.v1 other, or any failure on the part of CEE or Client to observe or perform in any material respect any of the covenants or agreements, other than as described in subsection A of this Section 17 and that continues un-remedied for a period of thirty (30) days after the date on which notice of such breach, requiring the same to be remedied, shall have been given to by the non-breaching party to the breaching party; provided, however, that if the breaching party certifies to the non-breaching party that it has in good faith attempted to remedy such breach, such cure period will be extended to the extent necessary to permit breaching party to cure such breach, but in no event more than sixty (60) days from the date of receipt; or C. CEE or Client shall suffer a material adverse change in its financial condition that affects its ability to perform its obligations under this Agreement; or D. CEE or Client is subject to a bankruptcy or other proceeding relating to its liquidation or insolvency, or a decree or order of a court or agency or supervisory authority having jurisdiction for the appointment of a conservator or receiver or liquidator in any insolvency, readjustment of debt, marshaling of assets and liabilities or similar proceedings, or for the winding-up or liquidation of its affairs, shall have been entered against CEE or Client and such decree or order shall have remained in force, undischarged or un-stayed for a period of sixty (60) days; or E. CEE or Client shall consent to the appointment of a conservator or receiver or liquidator in any insolvency, readjustment of debt, marshaling of assets or liabilities, or similar proceedings of or relating to CEE or Client or of or relating to all or substantially all of such party’s property; or F. CEE or Client shall admit in writing its inability to pay its debts as they become due, file a petition to take advantage of any application insolvency or reorganization statute, make an assignment for the benefit of its creditors, or voluntarily suspend payment of its obligations. 18. Assignment of Rights This Agreement may not be assigned by Client except with prior written consent of CEE, which consent shall not to be unreasonably withheld. CEE may not assign its rights under this Agreement without the prior written consent of Client. 19. Independent Contractor Nothing herein contained shall be deemed or construed to create a co-partnership or joint venture between the parties hereto and the services of CEE shall be rendered as an independent contractor and not as an agent for Client, its successors and assigns, or any obligors or noteholders under the Client Loans. 50 Item 4. 9 | P a g e COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY Loan Servicing Agreement # CL162-31-965982.v1 20. Amendments This Agreement may not be amended or modified except by a written agreement signed by the parties in interest at the time of such modification. Notwithstanding the foregoing, CEE may adjust the Fees by providing an updated Exhibit B as set for in Section 3 and all other Schedules may be changed by mutual agreement. 21. Confidentiality Neither Client nor CEE shall disclose or use any Confidential Information of the other party or its affiliates, and each party will keep such Confidential Information confidential and will require that its affiliates, officers, employees, contractors, vendors, and advisors who have access to such Confidential Information comply with such non-disclosure and non-use obligations. Notwithstanding the forgoing, Client or CEE may provide such Confidential Information as required pursuant to a court or administrative subpoena, court order or other such legal process or requirement of law; provided, however, that it shall endeavor to promptly notify the other of such request, order or requirement, unless such notice is prohibited by statute, rule, or court order. Nothing herein shall require either Client or CEE to fail to honor a subpoena, court or administrative order, or a requirement of law on a timely basis. Notwithstanding this section, CEE is expressly permitted to release information to borrowers upon written request regarding their specific loans; and, following receipt of borrower’s written authorization to release information, CEE is expressly authorized to release such information regarding that borrower's loan to a third party. CEE shall cause vendors, if any, not to use or disclose any Confidential Information of Client except in compliance with this Agreement. Notwithstanding the foregoing, a vendor may disclose Confidential Information as required pursuant to a court or administrative subpoena, order or other such legal process or requirement of law; provided, however, that it shall first notify Client of such request or requirement, unless such notice is prohibited by statute, rule or court order. CEE shall not, on Client’s behalf, require a vendor to fail to honor a subpoena, court or administrative order, or a requirement of law on a timely basis. CEE shall also cause vendors not to remove any Confidential Information from Client premises without Client’s prior written authorization. Each party shall limit access to the other party’s Confidential Information to only those of its employees and agents who require such access in performing their duties hereunder. CEE agrees to either return the Confidential Information to Client or destroy the Confidential Information upon completion of the work or, in any event, upon termination of the Agreement between the parties. Except as expressly provided in this Agreement, no ownership or license rights are granted in any Confidential Information. 51 Item 4. 10 | P a g e COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY Loan Servicing Agreement # CL162-31-965982.v1 Notwithstanding anything to the contrary in this Agreement, Confidential Information may be disclosed to a party’s accountants, attorneys, insurers, regulators and consultants. Notwithstanding the foregoing, a party may retain one archival copy of Confidential Information that may be used solely to demonstrate compliance with this Agreement, Applicable Law, and internal policies and procedures. “Confidential Information” for purposes of this Agreement, shall mean any information of CEE, Client, or their respective affiliates, whether written or oral, including: A. Financial Information, marketing plans, and personnel records; B. Technical and non-technical data, including without limitation, customer lists, customer information, customer non-public information, fee schedules, forms, information, business and management methods, trade secrets, compilation and analysis of financial information and data to prepare and submit bids and proposals to third parties; C. Other proprietary or confidential information; D. Proprietary computer software, management information and information systems, whether or not such Confidential Information is disclosed or otherwise made available to one party or other pursuant to this Agreement; E. Terms and provisions of this Agreement and any transaction or document executed by the parties pursuant to this Agreement. “Confidential Information” shall not include the following: A. Information that is or becomes generally available to and known by the public (other than as a result of an unpermitted disclosure directly or indirectly by the receiving party or its affiliates, advisors, or representatives); B. Information that is or becomes available to the receiving party on a non- confidential basis from a source other than the disclosing party or its affiliates, advisors, or representatives, provided that such source is not and was not bound by a confidentiality agreement with or other obligation of secrecy to the disclosing party of which the receiving party has knowledge at the time of the disclosure. 52 Item 4. 11 | P a g e COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY Loan Servicing Agreement # CL162-31-965982.v1 C. Information that has already been or is hereafter independently acquired or developed by the receiving party without violating any confidentiality agreement with or obligation secrecy to the disclosing party. D. Information that is accessible by the public under Minn. Stat. § 13.1 et seq. Minnesota Government Data Practices Act: notwithstanding anything to the contrary, CEE, its officers, agents, owners, partners, employees, volunteers, and subcontractors, shall, to the extent applicable, abide by the provisions of the Minnesota Government Data Practices Act, Minn. Stat. § 13.01 et seq, and all other applicable state and federal laws, rules, regulations and orders. 22. Transfers Client shall provide CEE with all authorizations and information and shall take all such further steps as may be necessary, in order to authorize and enable CEE to initiate the movement of funds by automated clearing house (“ACH”) or other electronic funds transfer. 23. Notices All notices and communications as part of this Agreement must be in writing and, except as otherwise agreed in writing, must be delivered, mailed, faxed, or emailed, to the following addresses: If to CEE: Center for Energy and Environment 212 3rd Avenue North, Suite 560 Minneapolis, MN 55401 Attn: Ryan Ellis Phone: 612.335. Email: @mncee.org If to Client: Columbia Heights Economic Development Authority 3989 Central Ave NE Columbia Heights, Minnesota 55421 Attn: Emilie Voight, Community Development Coordinator Phone: (763) 706- Email: @columbiaheightsmn.gov 24. Governing Law This Agreement and each transaction consummated hereunder shall be deemed to be made under the internal laws of the State of Minnesota and shall be construed in accordance with and 53 Item 4. 12 | P a g e COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY Loan Servicing Agreement # CL162-31-965982.v1 governed by the laws of the State of Minnesota, without regard to the choice of law rules of that state, except to the extent that any such laws may now or hereafter be preempted by Federal law. 25. Counterparts This Agreement may be executed in several counterparts, each which shall be deemed an original, and all of which shall together constitute one and the same instrument. 26. Force Majeure CEE and Client shall be excused from performing in accordance with the Agreement in the event of an occurrence of “Force Majeure”. Force Majeure is defined as fire, floods, earthquake, tornado, explosion, catastrophe, accident, war or war-like operations (whether or not a state of war is declared), riot, Acts of God, acts of terrorism, insurrection, order of a Governmental Body and Applicable Laws that prevent performance, to the extent (i) such event of Force Majeure is beyond the reasonable control of the Party claiming Force Majeure, and (ii) the Party claiming Force Majeure gives prompt written notice of the same to the other Party. In the event of any such delay, the sole remedy shall be a time extension for the completion dates required by the Agreement, which extension shall be the time period lost by reason of the Force Majeure. 27. Entire Agreement This Agreement constitutes the entire agreement among the parties with respect to the subject matter of this Agreement and supersedes all other prior agreements and understandings, both written and oral, among the parties to this Agreement with respect to the subject matter of this Agreement. 28. Authorized Persons CEE will provide a single login user name and password (together with any Client created user name and/or password, the “Credentials”) to Client for purposes of accessing CEE’s system (“Portal”) to obtain reporting regarding Client Loans. Client is encouraged to create its own unique Credentials for use in accessing the Portal promptly after receipt of Credentials from CEE. Client shall be solely responsible for the use and protection of the Credentials. Client agrees to maintain the confidentiality of the Credentials. Client agrees that it shall be liable for all transactions initiated and authorized by means of the Credentials, whether or not actually authorized by the Client. Client further agrees that any person using the Credentials to access the Portal shall be deemed to be duly authorized by Client and such person using the Credentials shall be deemed to have full authority to act on behalf of Client. Client agrees to maintain a proper and complete log of individuals to whom it has provided access to Client portal and receipt of reports with respect to Client Loans or Client reports. Client shall promptly modify the Credentials in the event that any person to whom it has given the Credentials is no longer employed by or otherwise affiliated with Client. 54 Item 4. 13 | P a g e COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY Loan Servicing Agreement # CL162-31-965982.v1 Client shall appoint one or more officers or employees who are authorized to act on behalf of Client regarding this Agreement and the services provided by CEE hereunder (“Authorized Users”). CEE shall not be responsible for any correspondence with or access provided to any Authorized User. Client may add or remove Authorized Users by written notice to CEE. CEE may rely on any action taken by an Authorized User until an Authorized User’s authorization has been revoked by Client by written notice to CEE. CEE shall have a reasonable time to process any revocation received pursuant to this section. Client’s agrees that the failure to protect Credentials may allow an unauthorized party to (i) use the services provided by CEE, (ii) access Client’s electronic communications and financial data, and (iii) send or receive information and communications on behalf of the Client. Unencrypted electronic transmissions are not secure, and Client assumes the entire risk for unauthorized use of Credentials and any unencrypted electronic transmissions. Client undertakes no obligation to monitor transactions initiated by valid Credentials to determine that they are made on behalf of or authorized by Client. 29. Records Except to the extent otherwise required by Applicable Law, CEE shall retain all records relating to a Client Loan for at least six (6) years following termination of this Agreement or six (6) years from maturity or payoff of a Client Loan unless such documentation is requested by and delivered to Client at an earlier date. The records will be maintained in either hard copy or machine- readable (electronic) format. In the event CEE is no longer in existence, its successor shall continue to retain such records as provided above or deliver the records to Client. 30. Deconversion In the event of termination of this Agreement, CEE will continue to service all existing Client Loans at the time of termination, at the fees in place at the time of termination. If Client desires to transfer the duties under this Agreement to a new servicer, CEE agrees to provide Client with electronic copies of the Client Loan records in CEE’s standard format at the current rate being charge on a per loan charge by CEE, as well as any additional time charged on a per hour basis. 55 Item 4. 14 | P a g e COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY Loan Servicing Agreement # CL162-31-965982.v1 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date written below. CENTER FOR ENERGY AND ENVIRONMENT By _____________________________ [Insert Name] Its: ____________________________ COLUMBIA HEIGHTS ECONOMIC DEVELOPMENT AUTHORITY By _____________________________ Justice Spriggs Its: President By _____________________________ Aaron Chirpich Its: Executive Director 56 Item 4. 1 | P a g e Columbia Heights Economic Development Authority Loan Servicing Agreement #XXXX LOAN SERVICING AGREEMENT Exhibit A: Duties of Servicer NEW LOAN SET UP Loan Boarding CEE will board the loan upon origination into CEE’s servicing system. For any unsecured loan, CEE will board the new loan within three (3) Business days of origination. For any secured loan, CEE will board the new loan within three (3) Business days after the expiration of the right of rescission. CEE will confirm the funding pool and assure that the new loan draws off the correct pool. For purposes of this Agreement, “business days” means calendar days other than weekends, official federal holidays, and non-banking holidays. Reporting CEE will report all amortizing loans to at least one of the three major credit agencies upon inception as it may designate in its sole discretion. Quality Control Review The loan and ACH entry instruction will be reviewed prior to activation to verify the servicing system matches the terms of the promissory note and any other programmatic requirements per the documents submitted. Welcome Letter A welcome letter will be sent to borrowers within five (5) business days after boarding. This letter shall include the toll-free customer service number as well as an email address that is available for borrowers to use should they have a question regarding their loan. Customer service is available from 8:00 AM to 4:30 PM Central Time, on “business days”. An automatic ACH enrollment form is included in the letter for borrowers to complete and return to CEE if they would like recurring payments to be initiated automatically by CEE. The letter will also contain instructions for borrowers to receive access to the online loan portal where they have access to all their loan information and ability to make payments. STANDARD SERVICING –AMORTIZING/DEFERRED Billing Borrowers with loans that have regularly scheduled payments will receive billing statements on a monthly basis or other appropriate frequency based on terms of the promissory note. 57 Item 4. 2 | P a g e Columbia Heights Economic Development Authority Loan Servicing Agreement #XXXX Collection of Loan payments CEE shall collect payments of principal, interest and any appropriate fees. CEE shall confirm the application of payments to be consistent with the loan documents as part of ongoing due diligence. Customer Service CEE shall provide customer service to borrowers from 8:00AM – 4:30 PM Central Time on “business days”. The customer service team is available through the toll free phone number or email at @mncee.org. Borrowers will receive a response within five (5) business days following a question submitted to CEE. Borrowers are able to view loan information on the loan portal as well as schedule payments. Past Due Collections CEE will make reasonable efforts to maintain loans in a current status and will deal promptly with those which are delinquent in accordance with the Collection Activity section below. CEE will process loan defaults as directed by Client. Reporting CEE will provide standard monthly reporting for the prior month’s activities to Client no later than the 10th business day of each month. The standard reports are as listed: o Loan Trial Balance o Aged Delinquency o Principal and Interest Collections o New Loan o Paid Loan o Fee Scheduled o Fee Earned Special reports may be added at an additional cost for programming. (See Exhibit B for pricing) IRS Reporting CEE shall provide borrowers with the required IRS annual tax reporting. Funds Remittance CEE shall remit collected funds less servicing and other applicable fees and any late charges assessed to borrower by the 10th business day of the month. Late charges will be retained by CEE. Funds will be remitted via ACH. An invoice will be distributed detailing the servicing fees. CEE shall remit such funds by means of ACH or other electronic funds transfer to an account designated by Client. 58 Item 4. 3 | P a g e Columbia Heights Economic Development Authority Loan Servicing Agreement #XXXX COLLECTION ACTIVITY Early Delinquency CEE will make reasonable efforts to maintain loans in a current status and will make reasonable periodic efforts to contact borrowers who are delinquent, in order to encourage payment. Such efforts will be limited to those loans that are no more than 90 days past due. o CEE will follow customary, usual and prudent business practices in servicing delinquent loans. o CEE will send delinquency letters for loans 31- 60 days past due. o CEE will continue sending letters and begin phone calls for loans 61-90 days past due. Late Delinquency CEE will make reasonable efforts to contact Borrowers, solicit payments, and return loans to a current status, where the loan has reached 90 or more days past due, in order to encourage payment. o CEE will follow customary, usual and prudent business practices in servicing delinquent loans. o CEE will send formal default letters for loans reaching 120 or more days past due. o CEE shall continue phone calls to borrower at 90 days past due. o After 120 days past due, Client shall determine next steps and CEE shall have no obligation to take further action regarding delinquent loans until directed by Client. DEFAULT MANAGEMENT Client shall be solely responsible for declaring a loan to be in default, and determining whether a loan is to be charged-off. Loan Modifications CEE shall respond to Client or Borrower requests for modifications to their loan terms, including Repayment Plans, Forbearance Agreements, Deferments, Extensions, Short Sales (Pre- Foreclosure Sales), or Negotiated Releases of collateral, obligors or guarantors (each a “Loan Modification”). CEE shall make no decisions independent of the Client. Client shall have final approval of any Loan Modifications, unless Client has instructed CEE in writing that it may approve Loan Modifications pursuant to criteria established by Client. CEE will follow customary, usual and prudent business practices in its review and processing of Loan Modifications, and keep Client informed of the status of such requests. 59 Item 4. 4 | P a g e Columbia Heights Economic Development Authority Loan Servicing Agreement #XXXX Both Client and CEE recognize that time is of the essence in responding to and approving or declining Loan Modification requests. CEE shall monitor Borrowers for compliance with the terms of the loan modification and make such changes to the loan record as required by the modification terms. Special Servicing CEE shall perform special servicing actions and steps at the direction of the Client for loans subject to formal legal proceedings, including Bankruptcy, Foreclosure, Deed-in-lieu of Foreclosure, Collections suits, Repossession, and Charge-offs involving either an obligor(s) or guarantor(s). CEE shall make no decisions or take actions independent of the Client, who shall have final say in approval of any Special Servicing actions (other than routine steps taken to protect or preserve Clients interests), unless Client has instructed CEE in writing that it may approve and take such actions. CEE must employ staff with expertise in the above areas and maintain compliance with all applicable regulations. CEE will follow customary, usual and prudent business practices in its review, processing, and management of Special Servicing of Client loans, and keep Client informed of the status of loans subject to Special Servicing. Both Client and CEE recognize that time is of the essence in responding to and approving or declining Special Servicing Actions. CEE shall monitor Borrowers who are subject to Special Servicing, consistent with the governing legal proceedings or requirements, and make such changes to the loan record as required to reflect the Special Servicing requirements. With respect to Bankruptcy, the Special Servicing shall include Filings, Proof of Claim, Repayment Plan setup and monitoring, and discharge/completion processing. (See Exhibit B for pricing) Other Servicing CEE shall perform the following additional servicing actions and steps for loans as requested by Client. CEE will follow customary, usual and prudent business practices in providing these services. The Client shall bear all of CEE’s out of pocket costs for third parties related to these items. CEE will notify Client of the potential out of pocket costs prior to performing any of the additional actions. o REO Marketing o Insurance Inspections o Default Inspections o Property Valuation or Appraisal o Property Preservation and security 60 Item 4. 5 | P a g e Columbia Heights Economic Development Authority Loan Servicing Agreement #XXXX SUBORDINATION PREPARATION CEE will review subordination requests in accordance with the Client’s subordination program requirements. Subordinations will be forwarded to the Client for signature if request meets the program requirements. Fees related to the subordination are paid by borrowers. MORTGAGE SATISFACTION PREPARATION Loan Payoffs CEE will process loan payoffs, issue payoff statements as requested by authorized individuals within 30 calendar days and remit funds to Client. CEE shall draft mortgage satisfactions (“Satisfaction”) within 30 calendar days after loan is paid in full to ensure funds received are cleared. The Satisfaction is then sent to client for signature. CEE shall provide instructions to borrowers as to how to properly record the Satisfaction. In the event that $5 (five dollars) or less of principle balance remains, CEE and Client will not attempt to collect the remaining fee and will consider the loan as satisfied. FINAL/SPECIAL PROCESSING TRANSACTIONS CEE shall charge additional fees in special circumstances such as a charge-off, foreclosure, servicing release, or any other transaction that is processed on a loan that is not paid in full but is no longer an active loan on the servicing system. This does NOT include processing a paid in full transaction. 61 Item 4. 1 | P a g e Loan Servicing Contract #XXXX LOAN SERVICING AGREEMENT Exhibit B: Pricing Schedule Activity Description Pricing New Program Setup Creating the new program in CEE Loan Servicing System and creating reports $1,000 one-time fee New Loan Setup Loan Boarded to servicing system and quality control review, welcome letter $35.00 one-time fee per loan Standard Servicing Activities – Amortizing and Interest Only Payment Loans Payment processing, billing notices, customer service, investor reporting, early collections $15.00 per loan per month Standard Servicing Activities- Deferred Loans (no payments) Payment processing, customer service, investor reporting $1.00 per loan per month (no fee if the City has an active amortizing pool serviced by CEE) Collection Activity Collection Work for loans past due 15- 90 days $5.00/loan per month on all amortizing loans Default Management Example of activities: Repayment Plan, Forbearance Agreement, Deferment, Extension $80.00 per hour plus any charges that may be incurred from 3rd party vendor. Subordination Preparation Review request and Prepare subordination document $200.00 per request (Borrower Paid) Mortgage/Deed of Trust Satisfaction Preparation Drafting of mortgage/deed of trust satisfaction (excludes recording / filing fees) $30.00 one-time fee per loan Final /Special Processing Transaction For Charge-off, foreclosure, service release, loans not paid in full but no longer active on the servicing system $25.00 per transaction Conversion/On-Boarding of Amortizing Loans Boarding Loans previously serviced by a different company $70.00 one-time fee per loan Special Report Programming Special report creation not included in standard report package $150.00 one-time fee per report Special Reporting Distribution Monthly maintenance for special reports created for distribution $75.00 one-time fee per report Special Project work Special requests, such as assistance in audit preparation, special mailings, etc. $80.00 per hour plus any charges that may be incurred from 3rd party vendors. Non-Standard Servicing Activities Any additional activities required for servicing a loan not specified in contract $80.00 per hour, fee will be set based on time to complete task on a regular basis 62 Item 4. ITEM: 2026 EDA Goal Setting. Presenting Item: CD Coordinator Emilie Voight DEPARTMENT: Community Development BY/DATE: Mitchell Forney, 01/28/2026 CORE CITY STRATEGIES: _Community that Grows with Purpose and Equity _High Quality Public Spaces _Safe, Accessible and Built for Everyone _Engaged, Effective and Forward-Thinking X Resilient and Prosperous Economy _Inclusive and Connected Community BACKGROUND At the beginning of each year, Community Development staff meet with the Economic Development Authority (EDA) to discuss goals and priorities for the coming year. Establishing a clear set of goals annually helps staff develop work plans and timelines for major initiatives and provides the EDA with a framework to track progress on key programs and projects throughout the year. During the 2025 goal-setting session, the EDA established a set of annual goals that have guided staff work over the past year. While many of those goals have been actively advanced or even completed, there are several areas where work can be expanded or further prioritized in 2026. Rather than conducting a full reset, staff are proposing a structured activity focused on identifying replacement goals for those that have been completed, refining existing goals carried forward from 2025, and then prioritizing goals for the upcoming year. The proposed activity will mirror the goal-setting exercise used in 2025. EDA members will begin by identifying specific initiatives, strategies, or topics for 2026. Those ideas will then be categorized within the existing framework, followed by discussion to clarify intent, rationale, and key implementation steps. Once proposals have been fully identified and discussed, the EDA will prioritize strategies, goals, or focus areas to help guide staff focus and resource allocation in 2026. For reference, the EDA’s 2025 goals and priorities are listed on the next page. Also included as an attachment is a summary of the results from the 2025 goal-setting activity to provide context as the EDA considers updates and refinements for the coming year. As part of this exercise, staff will also introduce proposed staff-led ideas and work items to ensure alignment with City Council priorities and relevant initiatives from other commissions. This will help ensure the EDA’s goals for 2026 are coordinated across departments and advisory bodies and are realistic given available resources. ECONOMIC DEVELOPMENT AUTHORITY AGENDA SECTION BUSINESS ITEMS MEETING DATE 02/02/2026 63 Item 5. City of Columbia Heights - EDA Letter Page 2 Recap from 2025 EDA Goal Setting, with completed goals struck through and achievement updates in italics: 1. Central Ave a. In alignment with City Council citywide goals for public art, develop and launch a Central Business District public art program. b. Facilitate placemaking along and near Central Avenue, taking into consideration existing program-based opportunities and upcoming MnDOT-led street redevelopment. i. In 2025, the EDA amended the Façade Improvement Grant Program to allow businesses in the Central Business District to access up to $10,000 in façade grants, including for public alley-facing improvements. ii. In 2025, the City audited and replaced signage at the City’s surface parking lot. iii. In 2025, the EDA planted bee lawns on three EDA-owned sites on Central Avenue. 2. Business a. Create initiatives to increase the City’s interactions with and promotion of the local business community. i. In 2025, Community Development staff collaborated with the City’s Multicultural Liaison to conduct 10 business outreach visits to local Spanish-speaking businesses. b. Update City grant programs to ensure they provide beneficial and valuable support to businesses. i. In 2025, the EDA amended its existing grant programs to increase the amounts available for businesses and to relax restrictions, thereby promoting more usage of the programs. 2. Neighborhood/Housing a. Review, revise, and continue to administer the EDA’s Commercial Revitalization Program to address substandard and non-conforming housing stock. i. In 2025, the EDA revised the Commercial Revitalization Program to enable the Commission to target blighted and substandard single-family homes in residential districts as well as in commercial districts. Subsequently, the EDA purchased the blighted home at 4510 Taylor St and is preparing the site for residential redevelopment. b. Establish and implement an allocation plan for the City’s Affordable Housing Trust Fund. i. In 2025, the EDA established a Naturally Occurring Affordable Housing Loan Program and allocated Local Housing Trust Fund resources to these loans, while also setting aside funds for larger scale affordable housing redevelopment programs. ii. In 2025, the City was awarded a $75,000 grant from Minnesota Housing for local affordable housing initiatives, to be administered through the Trust Fund. 4. “Big Sites” a. Advance redevelopment of EDA-owned properties. b. Promote and champion opportunities for major local redevelopment sites. i. Marketing ii. Outreach to developers iii. Track progress in 2025 1. In 2025, the Medtronic / Lincoln Avenue Communities / 800 53rd Ave NE redevelopment project completed its comprehensive plan amendment and received base approval for its preliminary entitlements. 2. In 2025, the City and the EDA conducted two loan modifications and pledged for the reissuance of bonds for the Rainbow / Alatus / 4300 Central Ave NE site. 3. In 2025, the City provided a letter of support to Minnesota Housing for one of the developers pre-selected by Anoka County for redevelopment of the Royce Place / 1515 44th Ave NE site. 64 Item 5. City of Columbia Heights - EDA Letter Page 3 STAFF RECOMMENDATION Staff will participate in the goal setting activity and contribute their 2026 EDA recommendations. ATTACHMENT(S) 1. 2025 EDA Goal Setting Results (Ideas List with Vote Tallies) 65 Item 5. More consultation b/w city and business community Revise fire suppression grant program to be more helpful for businesses in targeted industries/locations Continue to purchase blighted/underutilized properties in central business district Public art piece(s) in central business district Medtronic Establish a business booklet (1 SHARED VOTE) Business district alley façade improvement grant + standards Determine most effective use of Affordable Housing Trust Fund to create new housing Grant programs for public art Medtronic site / park / Sullivan Lake Create business directory online resource, easily accessible (1 SHARED VOTE) Expanding façade improvement plan to include interior work and/or a similar program for that work Grant money to improve our NOAHs (roofs, windows, HVAC, etc.) (1 VOTE)Public art (proven to improve local economy)Encourage development that will help lower residential taxation Refine/repurpose fire suppression grant program Develop ways to update Central Ave City parking lot improved and signage and pollinator plantings (1 VOTE) 3 VOTES SUBCATEGORY 4 VOTES CATEGORY 5 VOTES CATEGORY 4 VOTES CATEGORY TOTAL: 5 TOTAL: 7 TOTAL: 4 Targeting properties in key areas for purchase Façade grant to be increased and redirected to include other areas like training REDEVELOPMENT “BIG SITES” tax base, parks TOTAL: 5 IDEAS LIST with VOTE TALLIES: EDA January 2025 Goal Setting NEIGHBORHOOD / HOUSING revitalization CENTRAL AVE revitalization, placemaking, quality of life Enact business visits as a part of business retention and expansion Fire suppression Deal w/dilapidated housing stock BUSINESS SUPPORT, OUTREACH, and GRANTS 1 VOTE CATEGORY Central Ave revitalization: filling empty storefronts, continue façade program The pedestrian “alley” “beautified,” murals, lighting, etc. … Central Ave (1 VOTE) Survey businesses or “façade” of “new” Central Ave… landscaping Grant for playgrounds - soccer Providing community information sessions or classes on starting a business Revisit façade and fire suppression grant guidelines 66 Item 5. ITEM: 2026 Community/Economic Financial Relief Discussion. Presenting Item: CD Coordinator Emilie Voight DEPARTMENT: Community Development BY/DATE: CD Staff, 01/22/2026 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 _Safe, Accessible and Built for Everyone _Engaged, Effective and Forward-Thinking X Resilient and Prosperous Economy X Inclusive and Connected Community BACKGROUND The EDA currently administers three ongoing programs that provide direct financial support to local business owners, commercial property owners, and residential multifamily rental property owners. On the business side, the Fire Suppression Grant Program and Façade Improvement Grant Program are targeted towa rd structural and aesthetic improvements to commercial and industrial buildings. On the housing side, the Naturally Occurring Affordable Housing (NOAH) Loan Program is designed to help preserve affordable housing in Columbia Heights through building renovations and upgrades. In previous years, the EDA has also administered temporary programs like the 2020 Columbia Heights Business Relief Grant Program. This program was a one-off initiative that delivered financial relief to local businesses in the form of grants up to $20,000, funded by the City’s federal CARES Act Coronavirus Relief Funds. These grants were awarded to offset the financial hardships cause d to local businesses by the COVID-19 pandemic. As demonstrated by these programs, the City’s EDA has a history of designing and implementing efforts to support Columbia Heights’ economy and community. Today, Columbia Heights businesses and residents are facing new financial challenges due to the wide-ranging impacts of ongoing federal immigration enforcement. The EDA directed staff to bring this item to tonight’s meeting for discussion. The goal of tonight’s discussion is for the EDA to come to a consensus and, as applicable, to provide direction to staff on next steps concerning any direct financial relief initiatives it would like to implement in 2026. Staff have no specific recommendations at this time but are prepared to provide additional financial, logistic, and administrative details in response to Commissioners’ suggestions and questions. ECONOMIC DEVELOPMENT AUTHORITY AGENDA SECTION BUSINESS ITEMS MEETING DATE 02/02/2026 67 Item 6.