Duluth Economic Development Authority.

411 West First Street City of Duluth Duluth, Minnesota 55802 Meeting Agenda Duluth Economic Development Authority. Wednesday, October 25, 2023 5:15 PM CALL TO ORDER PUBLIC TO ADDRESS THE COMMISSION PUBLIC HEARINGS 23D-42 RESOLUTION AUTHORIZING A PURCHASE AGREEMENT FOR THE SALE OF ORDEAN PLAZA FROM THE DULUTH ECONOMIC DEVELOPMENT AUTHORITY TO 424W, LLC Attachments: 23D-42-Purchase Agreement for Ordean Plaza APPROVAL OF MEETING MINUTES ........ AUGUST 23, 2023 DEDA MEETING MINUTES Attachments: 08-23-23 DEDA Meeting Minutes-draft APPROVAL OF CASH TRANSACTIONS ......... SEPTEMBER 1, 2023 TO SEPTEMBER 30, 2023 CASH TRANSACTIONS Attachments: DEDA September 2023 Monthly Cash Activity NEW BUSINESS RESOLUTIONS FOR APPROVAL 23D-42 RESOLUTION AUTHORIZING A PURCHASE AGREEMENT FOR THE SALE OF ORDEAN PLAZA FROM THE DULUTH ECONOMIC DEVELOPMENT AUTHORITY TO 424W, LLC Attachments: 23D-42-Purchase Agreement for Ordean Plaza 23D-43 RESOLUTION AUTHORIZING SEVENTH AMENDMENT TO AGREEMENT WITH LAKEWALK PROPERTIES LLC MODIFYING THE INTEREST RATE PAYABLE, REDUCING THE TAX INCREMENT NOTE TO $7,150,000, AND ESTABLISHING UPDATED PROJECT MILESTONE DATE REQUIREMENTS. City of Duluth Page 1 Printed on 10/20/2023 Duluth Economic Development Meeting Agenda October 25, 2023 Authority. 23D-44 RESOLUTION APPROVING THE DEDA 2024 BUDGETS Attachments: 23D-44-Exhibit a-Fund 860 Proposed 2024 Budget for Board Approval 23D-44-Exhibit b-DEDA TIF Debt Service Fund 861 2024 Proposed Budget 10-25-23 23D-44-Exhibit c-DEDA Capital Project Fund 865 2024 Proposed Budget 10-25-23 23D-44-Exhibit d-MRO Fund 866 2024 Proposed Budget for 10-25-23 mtg DISCUSSION -Upper Midwest Film Office (UMFO) Presentation -Award for Residence Project -Lester Park RFPs ADJOURN City of Duluth Page 2 Printed on 10/20/2023