Economic Development Authority (EDA) Board Agendas & Packets

ECONOMIC DEVELOPMENT AUTHORITY REGULAR MEETING AGENDA 12:00 P.M., (Noon) Tuesday, February 27, 2024 East Grand Forks City Hall, 600 DeMers Ave NW Training Room – First Floor South Wing East Grand Forks, MN The m ission of the Economic Development Authority is to maintain and improve the economic vitality of East Grand Forks by doing the following: • By retaining & growing local businesses • By creating & supporting investment & growth opportunities for commercial activities • By creating & supporting opportunities for residential growth, including workforce housing • By working to develop a workforce capable of meeting current & future needs of local employers. REGULAR MEETING 1. Roll Call: President Grinde, Board Members Black, Hecht, Helms, Horken, & Larson 2. Approval of the minutes a. January 23, 2024, Regular Meeting 3. Bills and Communications a. Review of Accounts Payable: February 6, 2024; February 20, 2024 4. Reports a. Delinquencies Update – none (issue resolved) b. Director’s Reports: January 2024 c. Financial Reports: none 5. Unfinished Business a. Galstad Jenson McCann Lease Renewal b. Economic Development Strategy update 6. New Business a. Gate City Bank program renewal presentation b. Renewal of Realtor Listings for City-owned Residential Lots c. Forgivable COVID Loans d. RAISE Grant Letter of Support e. SBDC update f. Economic Development Director Skills and Qualifications 7. Adjournment Upcoming Meetings: 1200 pm March 26, 2024 • M & W Services Loan Request 1200 pm April 23, 2024 Individuals with disabilities, language barriers or other needs who plan to attend the meeting and will need special accommodations should contact Nancy Ellis, ADA Coordinator at (218)-773-2208. Please contact us at least 48 hours before the meeting to give our staff adequate time to make arrangements. Also, materials can be provided in alternative formats for people with disabilities or with limited English proficiency (LEP) by contacting the ADA Coordinator (218)-773-2208 five (5) days prior to the meeting. UNAPPROVED MINUTES OF THE REGULAR MEETING OF THE BOARD MEMBERS OF THE EAST GRAND FORKS ECONOMIC DEVELOPMENT AUTHORITY (EDA) A regular meeting of the Board Members of the East Grand Forks Economic Development Authority was held at Noon on January 23, 2024. Roll Call: Meeting was called to order by President Grinde at 12:00 pm. EDA Board present at roll, President Josh Grinde, Board Members: Dale Helms, Ben Horken, Justin Hecht and Brian Larson Absent: Daniel Black Staff present: Paul Gorte (EDD), Economic Development Director; Brenda Ault (EA), Executive Assistant; Karla Anderson (FD), Finance Director; Reid Huttunen (CA), City Administrator Also Present: Diane Blair, Mark Schill, Praxis; Janelle Ward, Chamber 1. Roll Call: President Grinde determined a quorum was present. 2. Recognition of Blair (outgoing member): President Grinde thanked Blair for her 6 years of service. 3. Approval of Minutes a. November 21, 2023, Regular Meeting A Motion was made to approve the November 21, 2023, Regular Meeting Minutes, by Board Member Larson, seconded by Board Member Hecht. M/S/P-Larson, Hecht; 6-0, mc. 4. Bills and Communications a. Review of Accounts Payable, December 5, 2023 December 19, 2023, January 2, 2024, and January 16, 2024 President Grinde asked if there was anything unusual in those bill periods. FD Anderson stated it was normal activities, plus repairs on a couple of apartments. 5. Reports a. Delinquencies – 1 late payment EDD Gorte reported that he was working on getting the issue resolved. b. Director’s Reports: November 2023 & December 2023- EDD Gorte stated that the report was in the packet. No questions. c. Financial Reports: November 2023 & December 2023- FD Anderson stated that the fund reports were emailed out and the Cash Balance sheets are in the packet. Normal transactions. Account 620 will be reconciled once the end of year transfer is done. No questions. January 23, 2024 MINUTES OF THE REGULAR MEETING OF THE EAST GRAND FORKS ECONOMIC DEVELOPMENT AUTHORITY (EDA) (continued) d. MIF Loans EDD Gorte stated that the MIF Loans are for Minnesota Investment Fund, which is a 10-year loan for expansion, with a 1-4% rate. It is a tool for businesses, and the report is in the packet. No questions. e. AE2S 2023 Report on social media. EDD Gorte stated that they had reached more people in 2023. Report is in the packet, and it details the top posts of each month, average viewers, and page views. 6. Unfinished Business a. None 7. New Business a. AE2S Agreement CA Huttunen stated social media was discussed at the strategy meeting in October, to market East Grand Forks. The topic got a lot of discussion, $9,000 to market the EDA. They also discussed once a month coffee meeting with business owners and department heads, to discuss promotions, connect and coordinate all City social pages together. This is something that will be revisited later in the year since this is not a contract. A Motion was made to approve the agreement for AE2S, by Board Member Horken, seconded by Board Member Larson; M/S/P- Horken, Larson; RCV: Larson-Y, Grinde -Y, Hecht-Y, Horken -Y, Helms-Y; 5-0, mc. b. 2024 renewal of City Revitalization Program (Gate City Bank) EDD Gorte reported that 7 loans had been given last year, over $100,000 in loans for home improvement. Last year the staff had problems with loan recipients who were referred to the program but, after successfully receiving a loan, never returned to the City for a permit. Some of these loan recipients either performed the work without permits or called for inspections without having obtained permits. In addition, some loan recipients sought Utility rebates without having received a permit or having inspections. The City has requested that all successful loan recipients be provided with a written reminder to obtain a permit from the City. Gate City Bank is reviewing the request for a written reminder. The City may also look at having each person referred to Gate City Bank sign a release to allow the City to obtain information whether their loan application was successful. Gate City Bank also asked the City to review the attached eligibility parameters for the loan program. Because of inflation, the Director suggests that the maximum assessed value be increased to $400,000. The City staff believes that the program provides a valuable opportunity for people to reinvest in their homes but is concerned about the non-compliance regarding permitting. The City staff will continue to seek ways to improve compliance with the permitting requirements. Page | 2 January 23, 2024 MINUTES OF THE REGULAR MEETING OF THE EAST GRAND FORKS ECONOMIC DEVELOPMENT AUTHORITY (EDA) (continued) A Motion was made to raise the maximum assessed value on the home to $400,000 and to work on ways to improve compliance with the permitting requirements, by Board Member Hecht, seconded by Board Member Horken; M/S/P- Hecht, Horken; RCV: Larson- Y, Grinde -Y, Hecht-Y, Horken -Y, Helms-Y; 5-0, mc. b. Use of Border Cities Tax Credits for employee retention EDD Gorte stated that the City receives about $106,000 of Border Cities tax credits for economic development and business development. To date the City has used the tax credits to provide property tax relief tied to business expansion, either for additional building space or for equipment purchases. There are other State programs available to assist businesses with training or the purchase of capital equipment. Unfortunately, lately at least one business has been running into roadblocks in accessing such State funding. The tax credits can be used in other ways. One of the easiest ways to use the credits is to use them for job retention or creation. For each job retained, the City can award up to $1500 per job in tax credits to be used against the income taxes. The amount can be awarded annually. For each new job, the amount increases to $3000 per job. The difficulty of using the tax credits to offset income taxes is that a business must have enough taxable income to make the credits worthwhile. The other difficulty, which is a management problem, is making sure that the awards of tax credits remain within the limits of the credits available to the City. He would like to explore the possibility of using the tax credits for the business, and other businesses, when other forms of assistance may not be available. A Motion was made to allow the use of Border Cities tax credits, subject to normal approval procedures, for job retention and job creation, by Board Member Larson, seconded by Board Member Hecht; M/S/P- Larson, Hecht; RCV: Larson-Y, Grinde -Y, Hecht-Y, Horken -Y, Helms-Y; 5-0, mc. d. Draft Economic Development Strategy for discussion by EDA, City Council and invitees; January 30 meeting for all invitees. Mark Schill presented the report. Schill stated that the key takeaways were Desire for Action/importance of EDA, Lack of space and sites for businesses, communications, marketing, positioning, EGF community strengths are important and should be emphasized. EDA should no longer serve as a primary developer of residential lots. Employment is fairly flat in EGF and the surrounding areas; our highest sector is manufacturing. Priorities for EGF are growth and retention of businesses already here, communications, coordination, outreach and partnership building. Supporting retail and hospitality economy, housing, industrial park land, marketing, attracting businesses from outside the area, cultivating new entrepreneurs, childcare. Page | 3 January 23, 2024 MINUTES OF THE REGULAR MEETING OF THE EAST GRAND FORKS ECONOMIC DEVELOPMENT AUTHORITY (EDA) (continued) Going forward core work areas for EDA: local business development, new business development, connect, convene, communicate, land and site development. The Board Members thought that they should concentrate on a few issues at a time and have more tangible goals. President Grinde asked Janelle Wald, from the Chamber to address the Board. Wald stated that the Chamber wishes to thank EDA for co-sponsoring the event, they were very pleasde that 40 members of the Council, EDA and Planning Boards, as well as community members attended. The Chamber is very involved in this Development Strategy and wishes to thank the Board for its support. EDD Gorte stated that this effort is like planting an orchard, in time you see a return from the trees and occasionally you need to plant a new tree. 8. Adjournment Motion to adjourn the meeting was made at 12:56 by Board Member Horken, was seconded by Board Member Hecht. M/S/P- Horken, Hecht; mc. The next regular meeting is February 27, 2024. Respectfully Submitted, Brenda Ault, Executive Assistant Page | 4 Bills 02062024 Account Number Vendor Description GL Date Check No Amount 620-49-870-43190 Advanced Engineering & Envir 2023 Social Media Jan 2023-Dec2023 12/31/2023 41917 7,883.09 620-49-870-43190 Praxis Strategy Group EGF EDA Strategic Plan Phase Two 12/31/2023 41980 5,250.00 620-49-870-43200 Paul Gorte Cell Phone Reimb July-Dec 2023 12/31/2023 41944 210.00 620-49-870-43200 Water & Light Department 4th QTR Phone - EDA 12/31/2023 41994 70.88 620-49-870-43200 Water & Light Department 4th QTR Postage - EDA 12/31/2023 41994 17.01 620-49-870-43200 Water & Light Department 4th QTR Network - EDA 12/31/2023 41994 223.50 620-49-870-44300 SJA Thunder Corp EDA Board Lunch Meal 02/06/2024 41986 175.38 Report Total: 13,829.86 630-00-000-11140 EGF City Petty Cash Ckng Return of Security Deposit After Cleaning R 02/06/2024 41938 351.33 630-34-000-34100 EGF City Petty Cash Ckng Refund of Credit on Account S. Boyle 02/06/2024 41938 30.00 630-34-000-34900 EGF City Petty Cash Ckng Refund of Credit on Account S. Boyle 02/06/2024 41938 18.00 630-36-000-36901 EGF City Petty Cash Ckng Refund of Credit on Account S. Boyle 02/06/2024 41938 2.00 630-46-410-43200 Allstream Long Distance Service 02/06/2024 41919 12.18 630-46-440-43190 Thur-O-Clean Cleaning Services Sunshine Terrace 02/06/2024 41990 622.50 630-46-440-43800 Water & Light Department 005041-000/Sunshine Utilities/12/19/23-01 02/06/2024 41994 5,156.07 630-46-440-43800 Water & Light Department 005041-065/Sunshine 207/12/20/23-01/20/2 02/06/2024 41994 37.36 630-46-440-43800 Water & Light Department 005041-139/Sunshine 117/12/20/23-01/20/2 02/06/2024 41994 29.39 630-46-440-43800 Water & Light Department 005041-153/Sunshine 214/12/31/23-01/20/2 02/06/2024 41994 20.74 630-46-440-43800 Water & Light Department 005041-150/Sunshine 307/12/20/23-01/20/2 02/06/2024 41994 29.86 630-46-440-43800 Water & Light Department 005041-151/Sunshine 102/12/20/23-01/20/2 02/06/2024 41994 30.11 630-46-440-43800 Water & Light Department 005041-152/Sunshine 217/12/30/23-01/20/2 02/06/2024 41994 27.03 630-46-440-43800 Xcel Energy Acct 51-5171995-8 Sunshine Terrace 02/06/2024 41997 4,084.02 630-46-440-43890 Midcontinent Communications Cable 01/08-02/07 Sunshine Terrace 02/06/2024 41963 2,632.17 Report Total: 13,082.76 Bills 02202024 Account Vendor Description GL Date Check No Amount 620-49-870-42000 US Bank Corporate Payment System Paper 02/20/2024 42058 157.45 620-49-870-43080 US Bank Corporate Payment System EDAM 2024 Winter Conference 02/20/2024 42058 350.00 620-49-870-43100 Galstad Jensen & McCann PA EDA Civil Services Jan 2024 02/20/2024 42016 229.50 620-49-870-43300 US Bank Corporate Payment System Lodging for EDAM 2024 Winter Conference 02/20/2024 42058 286.50 620-49-870-44000 US Bank Corporate Payment System Copier Lease CD/EDA Office 02/20/2024 42058 83.08 620-49-870-44300 US Bank Corporate Payment System Supplies for EDA Strategy Meeting 02/20/2024 42058 28.36 620-49-870-44300 US Bank Corporate Payment System Lunch for EDA Strategy Meeting 02/20/2024 42058 31.96 620-49-870-44300 US Bank Corporate Payment System Lunch for EDA Strategy Meeting 02/20/2024 42058 31.96 620-49-870-44300 US Bank Corporate Payment System Lunch for EDA Strategy Meeting 02/20/2024 42058 39.95 620-49-870-44330 The Chamber of EGF/GF Community Profile Ad 8/1/23-12/10/23 01/31/2024 42056 755.00 620-49-870-44390 Forum Communications Company Ad in GF Herald Growth Opportunity & Progre 01/31/2024 42015 245.00 Report Total: 2,238.76 630-46-410-44330 US Bank Corporate Payment System Subscription for Rent Manager Sunshine Terrac 02/20/2024 42058 325.00 630-46-440-43190 Northland Yard Service Snow Removal Services Sunshine Terrace Jan 2 01/31/2024 42034 3,060.00 630-46-440-43190 NW MN Multi County HRA 8 Inspections Completed at Sunshine Terrace 02/20/2024 42037 240.00 630-46-440-43190 US Bank Corporate Payment System Cintas - Rugs for Sunshine Terrace 02/20/2024 42058 171.29 630-46-440-43800 Midcontinent Communications Cable 2/8-3/7 Sunshine Terrace 02/20/2024 42029 2,693.61 630-46-440-43890 US Bank Corporate Payment System Midco - Cable/Phone/Internet Sunshine Terrace 02/20/2024 42058 394.33 630-46-440-44000 Marco Technologies LLC Copier Lease Sunshine Terrace 01/31/2024 42027 117.61 630-46-440-44000 Otis Elevator Company Maintenance Service Contract for 2/1/24-1/31/2 01/31/2024 42040 5,915.52 630-46-440-44000 US Bank Corporate Payment System Maintenance Pest Control Sunshine Terrace 02/20/2024 42058 1,920.00 630-46-440-44000 US Bank Corporate Payment System Sunshine Terrace Smoke/CO2 Alarms, Sink Re 02/20/2024 42058 121.55 630-46-440-44000 US Bank Corporate Payment System Sunshine Terrace Cleanser & Misc Parts 02/20/2024 42058 123.66 630-46-440-44000 US Bank Corporate Payment System Sunshine Terrace Ice Melt & Parts 02/20/2024 42058 109.92 630-46-440-44000 US Bank Corporate Payment System Sunshine Terrace Toilet Valve & Tank Flapper 02/20/2024 42058 31.98 630-46-440-44000 US Bank Corporate Payment System Sunshine Terrace Cordless Blinds & Bi-Fold D 02/20/2024 42058 87.15 630-46-440-44000 US Bank Corporate Payment System Sunshine Terrace LED Bulbs & Electric Switch 02/20/2024 42058 56.95 630-46-440-44000 US Bank Corporate Payment System Return of Incorrect Purchase 02/20/2024 42058 -107.25 630-46-440-44000 US Bank Corporate Payment System Item was Incorrect Purchase 02/20/2024 42058 107.25 630-46-440-44000 US Bank Corporate Payment System Sunshine Terrace - Fridge Door Gasket 02/20/2024 42058 100.00 630-46-440-44300 US Bank Corporate Payment System 5814 S Perez 02/20/2024 42058 41.24 630-46-440-44300 Verizon Wireless 9Cell#5814 S.Perez 02/20/2024 42061 41.24 630-46-440-44380 Brian's Flooring Inc New Flooring for Apt 120 02/20/2024 42004 6,488.80 630-46-440-44380 Brian's Flooring Inc New Flooring for Apt 214 02/20/2024 42004 4,224.20 630-46-440-44380 Dakota TV & Appliance Commercial Dryer 01/31/2024 42010 1,717.89 630-46-440-44380 Dakota TV & Appliance Refrigerators for Units 117 & 217 01/31/2024 42010 1,464.90 Report Total: 29,446.84 682-46-503-43200 Century Link #1635infilbldg 02/20/2024 42007 49.73 682-46-503-44000 US Bank Corporate Payment System Maintenance Pest Control Infill Building 02/20/2024 42058 110.00 682-46-503-44230 SJA Thunder Corp Cleaning Services February 2024 02/20/2024 42052 600.00 Report Total: 759.73 MONTHLY REPORT January 2024 Working with the Businesses & Chamber • Worked with businesses o Tom Campbell o Attila Dalmi: various businesses and properties; contacts regarding one business o Dahl Funeral Home o Design Rich Architects o Fert-L-Lawn: expansion o Hawkes Manufacturing: loan o Leisureland: expansion o Mayo Manufacturing: Border Cities tax credits o Sage Legal o Senator Mark Johnson o The Spud, Jr.: loan o Ultima Bank • Worked with Chamber President and staff on various items o Administrators Meeting o Business After Hours o Intergovernmental Retreat o Upcoming articles • Participated in DEED Small Business Call • Worked with AE2S regarding social media, Facebook posts, and 2024 contract • Worked with Praxis on Strategy Recap and next steps; updated City Council, EDA, and businesses • Discussed SBDC services after June; UMC will no longer host the service • Reviewed status of Boardwalk assistance • Reviewed status of COVID loans • Worked with 2 possible businesses o Automotive service: trucks • Talked with Herald about ad for special insert section • Mayor Gander meetings on economic development o Simplot o St Michel Furniture Increasing Industrial Space – Land and Buildings • Talked with Russel Crary and Dave Zavoral about possible industrial park space Workforce (Northern Valley Careers, NWPIC) • No action Child Care • Worked with First Children’s Finance and local Team on childcare project  • Conducted the monthly meeting • Tried to obtain information from Gold Childcare Center to complete grant report for First Children’s Finance • Shared DEED Childcare grant information with Team Wave Academy • Provided Stephanie Larson with information about a possible business for a school visit Residential Growth & Sale of City Lots • Provided information about City lots and incentives • Worked on Polk County Housing Advisory Board loans • Worked with realtors and public on lot sales • Worked with Gate City Bank and Community Development Department about renewal of Home Improvement program and address the permitting issue; updated EDA and City Council • Calculated Mercil payoff for Sawgrass lot Infill Building • No action Infrastructure/Bridges • No action Other • Prepared reports and agendas • Provided pictures to Business Review Magazine for resiliency article regarding East Grand Forks • Attended webinars to fulfill continuing education requirements: o Empathy, Equity, and You: Stories, Skills, and Practices • Reviewed cell phone policy • Presented problem property enforcement idea to Galstad • Worked on Empowering Small Minnesota Communities program; participated in webinar; discussed with Shannon Stassen from UMC; discussed with City Administrator; submitted application for consideration for program • Provided contact information for EGF Islamic Center, formerly Liberty Lanes, to Mayor • Participated in City Visioning Session • Participated in Herald Business News Advisory Board meeting • Prepared RAISE grant (bridge) letter of support from EDA • Participated in Winter EDAM conference o Why Is Tax Increment Financing Good for Taxpayers? The session built the case in favor of TIF to promote growth and offered strategies for approval o Creating Financing Solutions for Economic Development. The session discussed various financing possibilities o Making Your Way. (Keynote) The speaker talked about personal growth, perseverance, and resiliency o Housing: The New Economic Development Frontier. The speakers discussed the shortage of affordable and workforce housing and reminded the audience that local standards affect housing costs o Film & TV Production: Economic Benefits for Minnesota. The session talked about how Minnesota benefits from the film and TV industry and how communities can take advantage of the opportunity o Minnesota Design Team: Participatory Design for Small Cities. The speakers talked about how the Team works with small cities to create development opportunities o Employee Ownership: A Pathway to Economic Resilience in Minnesota Communities. The session talked about how employee ownership (there are several types) addresses long- term stability for companies and avoids issues associated with business succession o New Year, New Programs! Funding Opportunities for Businesses. A recap of the DEED programs o 2024 DEED & Legislative Session Overview. Expectations and desired outcomes for the upcoming Legislative session  Memorandum Date: February 27, 2024 To: EDA Board Cc: File From: ED Director RE: Galstad Jensen & McCann P.A. Lease Renewal (Infill Building) Galstad, Jensen & McCann P.A. leased 3420 square feet of space from the City of East Grand Forks in 2013 and renewed the lease in 2018. The current lease expired November 30, 2023. The tenant has, by the terms of the lease, been on a month-to-month tenancy since then while some small issues were resolved. The current annual lease rate is $10.25 per square foot. Before the 2018 renewal, the Director inquired about downtown lease rates in East Grand Forks and learned that the general lease rate for downtown businesses is $10.00 per square foot. The EDA, at that time, approved a lease that would increase the annual rent by 25 cents to bring the rates into line with downtown rates, which resulted in the current lease rate noted above. Recently, the Director prepared a new 5-year lease based on the same premise: with an annual increase of 25 cents. The Director presented the revised lease to the City Council Work Session on November 14. At the same meeting the Community Developer Director presented new leases for the government tenants in City Hall. There was conflicting rate. The difference between the City Hall rates and the Infill Building rates was noted and discussed at the City Council meeting. The result of the meeting was that the Infill Building rates should more closely align with the City Hall rates absent outside factors. Subsequently, the Director looked at office rental rates in East Grand Forks. The building formerly occupied by the Gerard Neil law firm is available for about $10 per square foot. The Infill Building rents must recognize the competitive rates at that building. Mr. Galstad asked that the lease term be changed to 3 years. Based upon the availability of the Neil office space and the desire for a three-year term, the Director proposed a 37-month term to the tenant. He agreed. The Director also proposed the following lease rate, to which the tenant also agreed: Proposed Rates: December 1, 2023 – March 31,2024 $10.25 per square foot $(2921.25 per month) -1- April 1, 2024 – December 31, 2025 $10.75 per square foot ($3063.75 per month) January 1, 2026 – December 31, 2026 $11.25 per square foot ($3206.25 per month) Recommendation: That the EDA approve the proposed lease and direct the President and Director to sign the lease on behalf of the EDA. 2  GALSTAD, JENSEN & MCCANN, P.A. LEASE AGREEMENT INFILL BUILDING SECOND (2ND) FLOOR THIS LEASE, dated for reference purposes only the day of , 2024, is being made and entered into by and between the City of East Grand Forks, Minnesota, a municipal corporation organized under the laws of the State of Minnesota, by and through its Economic Development Authority, 600 DeMers Avenue N.W., East Grand Forks, Minnesota 56721 (hereinafter referred to as the "Landlord"); and GALSTAD, JENSEN & MCCANN, P.A., a professional association organized under the laws of the State of Minnesota, (hereinafter referred to as the "Tenant"). Landlord, in consideration of the rents and covenants hereinafter set forth, does lease and let to Tenant, and Tenant does hereby rent, lease and take from Landlord, the following premises located in the City of East Grand Forks, County of Polk, State of Minnesota, to-wit: The second floor of that certain building currently described as the Infill Building located at 411 Second Street Northwest, East Grand Forks, Polk County, Minnesota, upon property legally described as the Northwesterly or rear 42.20 feet of Lots 8, 9, 10. 11 and 12 and the Northwesterly or rear 42.20 feet of the Northeasterly 15.00 feet of Lot 7, Block 2 and the Southeasterly 16.10 feet of the vacated alley lying adjacent thereto, all in E.B. Frederick’s Addition to the City of East Grand Forks, Minnesota, according to the plat thereof on file and of record in the County Recorder’s office, Polk County, Minnesota, such portion comprising approximately Three Thousand Four Hundred Twenty (3,420) square feet of space identified as the second floor of the Infill Building (hereinafter referred to as the "Premises"). The terms, covenants and conditions of this Lease are as follows: 1. LEASE TERM: This Lease shall be for a term of thirty-seven (37) months commencing on DECEMBER 1, 2023, and terminating on DECEMBER 31, 2026. a. Option to renew lease: Landlord hereby grants Tenant an option to renew this Commercial Lease for an additional THREE (3) years under the same terms and conditions with the exception of paragraph one (1) in which the parties agree to renegotiate in good faith provided that Tenant has a history of timely payments and tenancy beneficial to the mission of the Infill Building 2. BASE RENT: Tenant shall pay rent to Landlord as follows:  a). From December 1, 2023, through March 31, 2024, Tenant shall pay Landlord a base rent of Ten and 25/100 ($10.25) dollars per square foot which amounts to Two Thousand Nine Hundred Ninety-Two and 50/100 ($2,921.25) dollars per month in advance with the first such installment for the month of December 1, 2023, being due and payable on December 1, 2023, with a similar sum being due and payable on the 1st day of each month thereafter through March 31, 2024. The monthly installment shall be considered delinquent after the 10th day of the month. Any payment received after the 10th day of any month shall be considered delinquent and Tenant shall pay an additional late fee/penalty equal to ten percent (10%) of the monthly payment. Payment of the late fee/penalty by the Tenant shall not prevent Landlord from availing itself of other remedies set forth in this commercial lease. b). From April 1, 2024, through December 31, 2025, Tenant shall pay Landlord a base rent of Ten and 75/100 ($10.75) dollars per square foot which amounts to Three Thousand Sixty-Three and 75/100 ($3,063.75) dollars per month in advance with the first such installment for the month of April, 2024, being due and payable on Aprl 1, 2024, with a similar sum being due and payable on the 1st day of each month thereafter through December, 2025. The monthly installment shall be considered delinquent after the 10th day of the month. Any payment received after the 10th day of any month shall be considered delinquent and Tenant shall pay an additional late fee/penalty equal to ten percent (10%) of the monthly payment. Payment of the late fee/penalty by the Tenant shall not prevent Landlord from availing itself of other remedies set forth in this commercial lease. c). From January 1, 2025, through December 31, 2026, Tenant shall pay Landlord a base rent of Eleven and 25/100 ($11.25) dollars per square foot which amounts to Three Thousand Two Hundred Six and 25/100 ($3,206.25) dollars per month in advance with the first such installment for the month of January, 2025, being due and payable on January 1, 2025, with a similar sum being due and payable on the 1st day of each month thereafter through December 31, 2026. The monthly installment shall be considered delinquent after the 10th day of the month. Any payment received after the 10th day of any month shall be considered delinquent and Tenant shall pay an additional late fee/penalty equal to ten percent (10%) of the monthly payment. Payment of the late fee/penalty by the Tenant shall not prevent Landlord from availing itself of other remedies set. 3. PROPERTY TAXES, UTILITIES AND MAINTENANCE: a). During the Lease period from December 1, 2023, through December 31, 2026, Landlord shall pay all real estate taxes on the Premises when due and shall provide, at Landlord’s expense, all the normal, usual and customary utility services to the Premises for heating, air conditioning, water and sewage disposal, electric power, and all costs for removal and disposal of refuse, 2  waste, garbage or other discarded material. Should the projection of the total of these costs in any one year exceed the previous year by more than five (5%) percent, then in that event the parties agree to renegotiate the base rents as set forth in the preceding Paragraph 3. b). Tenant shall bag and tie all of its garbage, trash, refuse and paper, and shall break down all cardboard containers. Tenant shall deliver such bagged trash and cardboard to appropriate receptacles as designated by Landlord. Tenant’s failure to comply with these requirements shall constitute a breach of the lease. 4. USE OF THE PREMISES: Tenant will use and occupy the Premises for the purpose of operating a Law firm. Tenant will not use the premises for any other purpose except as described above, without the written consent of the Landlord. 5. ASSIGNMENT: The interest of Tenant in this Lease shall not be assigned or transferred to any other person or corporation by Tenant without the written consent of Landlord. 6. MAINTENANCE, REPAIRS OR REPLACEMENT BY LANDLORD: Landlord shall, at its expense, maintain the roof, foundation, basic structural elements, common areas and underground or otherwise concealed plumbing of the Infill Building in good repair and condition. Tenant shall give written notice to Landlord of the need for repairs or replacement of any such items for which Landlord is responsible and Landlord shall, within ten (10) working days of its receipt of Tenant's written notice, commence to make such repairs or replacements. If Landlord fails to commence to make such repairs or replacements within ten (10) working days of its receipt of Tenant’s notice, Tenant may do so and deduct such amounts expended from future rents. Landlord shall not be responsible for damages caused by the failure as the result of or caused by conditions, events or happenings beyond the control of Landlord. In any such instance Tenant shall notify Landlord of any such failure. 7. MAINTENANCE, REPAIRS OR REPLACEMENT BY TENANT: Tenant shall, throughout the lease term, keep the Infill Building and other improvements free from waste or nuisance and shall deliver the Premises "broom clean" at the termination of this lease, in good repair and condition. Reasonable wear and tear and damage by fire or other casualty is excepted. 8. ALTERATIONS, ADDITIONS AND IMPROVEMENTS: a). After Tenant occupies the Premises, Tenant may make such alterations and improvements to the Premises without the written consent of Landlord as are consistent with Tenant's use of said Premises, at Tenant’s expense. Tenant may finish the interior portion of the leased Premises as appropriate for its business conducted therein. Landlord is under no obligation to make any interior alterations, decorations, additions or improvements in or to the leased 3  Premises except as expressly set forth in this Lease. b). All alterations, decorations, additions or improvements in or to the Premises made by Tenant and commonly referred to as “fixtures” shall become the property of Landlord upon expiration of the lease term. It is understood Tenant shall have the right to remove during the remaining term of the Lease all movable furniture and furnishings brought to the Premises by Tenant. 9. COMMON AREAS: a). Definition. The term "Common Area" is defined as all areas and facilities outside the Premises and within the exterior walls of the Infill Building that are provided and designated by Landlord from time to time for the general non- exclusive use of Landlord, Tenant and other tenants of the Infill Building. b). Tenant's Rights. Landlord hereby grants to Tenant, for the benefit of Tenant and its employees, suppliers, shippers and customers during the term of this Lease, the non-exclusive right to use, in common with others entitled to such use, the common area as it exists from time to time, subject to any rights, powers, and privileges reserved by Landlord under the terms hereof or under the terms of any rules and regulations or restrictions governing the use of the Infill Building. Under no circumstances shall the right herein granted to use the Common Area be deemed to include the right to store or display any property, temporarily or permanently, in the Common Area. Only the prior written consent of Landlord, which consent may be revoked at any time, shall permit any such storage or display. In the event that any unauthorized storage or display shall occur, then Landlord shall have the right, without notice, in addition to such other rights and remedies that Landlord may have, to remove the property and charge the cost to Tenant, which cost shall be immediately payable upon demand by Landlord. c) Rules and Regulations. Landlord shall have the exclusive control and management of the Common Area and shall have the right, from time to time, to establish, modify, amend and enforce reasonable rules and regulations with respect thereto. Tenant agrees to abide by and conform to all such rules and regulations and to cause its employees, suppliers, shippers and customers to so abide and conform. Landlord shall not be responsible to Tenant for the non- compliance with said rules and regulations by other Tenants of the Infill Building. d) Changes. Landlord shall have the right, in Landlord's sole discretion, from time to time, to make changes to the Common Area, to temporarily close any of the Common Area for maintenance so long as reasonable access to the Premises remains available, and to do and perform such other acts and make such other changes in or with respect to the Common Area and Infill Building as Landlord 4  may, in its sole exercise of sound business judgment, deems to be appropriate. 10. RULES AND REGULATIONS: Tenant agrees that it will abide by and keep and observe all reasonable rules and regulations which Landlord may make from time to time for the management, safety, care and cleanliness of the Infill Building. 11. QUIET ENJOYMENT: Landlord warrants that it has full right and power to execute and perform this Lease and to grant the estate demised herein and that Tenant, upon payment of the rent and performing the covenants herein contained, shall peacefully and quietly have, hold and enjoy the Premises during the full term of this Lease and any extension or renewal hereof. Landlord is hereby irrevocably vested with full power and authority to subordinate Tenant's interest hereunder to any mortgage, deed of trust or other lien hereafter placed on the demised premises, and Tenant agrees upon demand to execute such instruments, subordinating this Lease as Landlord may request, provided that such subordination shall remain in full force and effect during the term of this Lease so long as Tenant shall continue to perform all of the covenants of this Lease. 12. PARKING: Landlord shall designate three (3) parking spaces on 2nd Street Northwest for exclusive use by Tenant’s clients, such parking spaces to be designated reserved parking from 6:00 am to 5:00 pm Monday through Friday, violators towed at their expense. Tenant shall be responsible to inform all employees of designated employee parking areas while they are at work during normal business hours. 13. LIABILITY INSURANCE: a) Tenant's Obligation. During the entire term of this Lease Tenant shall, at Tenant's sole cost and expense, maintain general public liability insurance against claims from personal injury, death or property damage occurring in, upon, or about the Premises, in and on any sidewalks, parking area, or other area directly adjacent to the Premises. The limitation of liability of such insurance shall not be less than One Million and No/100 ($1,000,000.00) Dollars in respect to injuries or death in respect to any one accident and the limit of not less than One Hundred Thousand and No/100 ($100,000.00) Dollars in respect to property damage. b) Landlord's Obligation. Landlord shall also maintain liability insurance described in Paragraph 14.a. above, in addition to and not in lieu of the insurance required to be maintained by Tenant in the amount required by Minnesota statutes. Tenant shall not be named as an additional insured therein. 14. FIRE AND PROPERTY INSURANCE: a) Landlord shall secure and pay for insurance coverage upon the Premises for 5  fire, windstorm, and the risks covered by extended coverage; Tenant shall secure and pay for such insurance coverage upon its own property, furniture, fixtures, inventory or other risks as it, in its discretion, shall determine. b) Tenant shall not permit any operation to be conducted on the Premises that would cause suspension or cancellation or a premium increase of any insurance coverage secured by Landlord pursuant to this paragraph or Paragraph 14.b. c) Any insurance secured by Landlord covering the perils of fire, windstorm, and extended coverage, and insuring the Premises against loss or damage to the Infill Building or other improvements situated on the Premises shall be for the sole benefit of Landlord and the policy shall be under its sole control. 15 INDEMNIFICATION AND RELEASE: Tenant shall indemnify and save harmless Landlord against and from any and all claims by or on behalf of any person or persons, including Tenant, for personal injuries, wrongful death or property damage arising out of any act or occurrence committed or happening in, on, to or for any part of the Premises except to the extent that, (i) such claims are covered by applicable insurance maintained by Landlord covering the Premises, provided that this exception shall not apply insofar as such claims exceed the actual limits of such insurance as Landlord shall maintain (ii) or such claims as are based on the negligence or willful conduct of Landlord or its agents or employees, (iii) or such claims as are based on Landlord's breach of the covenants or obligations contained in this Lease. Tenant's agreement, herein set forth, to indemnify and save Landlord harmless, shall include any and all claims by Tenant for damages to any of Tenant's improvements and betterments arising out of any act or occurrence committed or happening in and about the Premises except for such acts caused by Landlord. The indemnification agreement set forth above shall include, but not by way of limitations, all costs, counsel fees and expenses and liabilities incurred in connection with the defense of such claim or claims. 16. FIRE AND CASUALTY DAMAGE: If the Infill Building or other improvements on the Premises shall be damaged or destroyed by fire, tornado or other casualty, this Lease shall terminate and Landlord shall refund to Tenant a pro-rata share of Tenant's prepaid rental payment, if any. 17. CONDEMNATION: If the Premises or any portion thereof are taken under the power of eminent domain or sold under the threat of the exercise of said power, this Lease shall terminate as to the part so taken as of the date the condemning authority takes title or possession, whichever first occurs. However, if a condemning authority takes a substantial portion of the Infill Building, Tenant shall have the sole option to cancel and terminate this Lease. 6 18. DEFAULT BY THE TENANT: The following events shall be deemed to be events of default by Tenant under this Lease: a) If Tenant shall fail to pay any installment of the rent on the date the same is due and such failure continues for a period of thirty (30) days. b) If Tenant shall fail to comply with any terms, conditions, or covenants of this Lease, other than the payment of rent, and shall not cure such failure within thirty (30) days after written notice thereof to the Tenant; or if such failure cannot reasonably be cured within said thirty (30) days, and Tenant shall not have commenced to cure such failure within thirty (30) days after written notice thereof to Tenant; or if such failure cannot reasonably be cured within said thirty (30) days and Tenant does not thereafter with reasonable diligence in good faith proceed to cure such failure. c) If Tenant shall become insolvent or shall make a transfer in fraud of creditors or shall make an assignment for the benefit of creditors. d) If Tenant shall file a petition under any section or chapter of the National Bankruptcy Act, as amended, or any similar law or statute of the United States or any state thereof, or if Tenant shall be adjudged a bankrupt or insolvent in proceeding filed against Tenant thereunder. e) A receiver or trustee is appointed for all or substantially all of the assets of the Tenant. f) A fraud practiced upon one party hereto by the other party, in which case the aggrieved party may, at its option, terminate the Lease. g) Upon the occurrence of any such events of default, Landlord shall have the option to pursue any one or more of the following remedies without any notice or demand whatsoever: i. Terminate this Lease, in which event the Tenant shall immediately surrender the Premises to the Landlord, and if Tenant fails to do so, the Landlord may, without prejudice to any other remedy which it may have for possession or arrearages in rent, enter upon and take possession of the Premises and expel or remove Tenant and any other person who may be occupying said Premises or any part thereof, and Tenant agrees to pay the Landlord on demand the amount of all loss and damages which Landlord may suffer by reason of such termination, whether through inability to relet the Premises on satisfactory terms or otherwise. ii) Enter upon and take possession of the Premises and expel or remove Tenant or any other person who may be occupying said Premises or any part thereof, and relet the Premises and receive the rent therefore, and Tenant agrees to pay Landlord on demand any deficiency that may arise 7  by reason of such reletting. iii) Enter upon the Premises and do whatever Tenant is obligated to do under the terms of this Lease, and Tenant agrees to reimburse Landlord on demand for expenses which Landlord may incur in effecting compliance with Tenants’ obligation under this Lease. Pursuit of any of the foregoing remedies shall not preclude pursuit of any of the other remedies herein provided or any other remedies provided by law; nor shall pursuit of any remedy herein provided constitute a forfeiture or waiver of any rent due to Landlord hereunder or of any damages accruing to Landlord by reason of the violation of any of the terms, conditions or covenants herein contained. If, on account of any breach or default by Tenant of its obligations to any of the parties hereto, under the terms, conditions and covenants of this Lease, it shall become necessary for Landlord to employ an attorney to enforce or defend any of its rights or remedies hereunder, and should Landlord prevail, Landlord shall be entitled to any reasonable attorneys' fees incurred in such connection. 19. DEFAULT BY LANDLORD: The following events shall be deemed to be events of default by Landlord under this Lease; a) If Landlord shall fail to comply with any term, condition or covenant of this Lease and shall not cure such failure within thirty (30) days after written notice thereof to Landlord; or such failure cannot reasonably be cured within said thirty (30) days and Landlord has not commenced to cure such failure within thirty (30) days after written notice thereof to Landlord; or if such failure cannot reasonably be cured within said thirty (30) days and Landlord does not thereafter with reasonable diligence and good faith proceed to cure such failure. b) If a receiver or trustee is appointed for all or substantially all of the assets of Landlord. c) If fraud practiced upon one party hereto by the other party, in which case the aggrieved party may, at its option, terminate this Lease. d) Upon the occurrence of any such event of default, Tenant shall have the option to terminate this Lease and abate the rent immediately. 20. WAIVER OF DEFAULT: No waiver by the parties hereto of any default or breach of any term, condition or covenant of this Lease shall be deemed to be a waiver of any subsequent default or breach of the same or any other term, condition or covenant contained herein. 21. HOLDING OVER: Should Tenant or any of its successors in interest hold over the Premises or any part thereof after the expiration of the term of this Lease, unless 8  otherwise agreed in writing, such holding over shall constitute and be construed as a tenancy from month to month only for a monthly rental equal to the rent paid for the last month of the term of this Lease. 22. SIGNS: Tenant shall have the right to erect signs on the interior walls of the building, securely attached to and parallel to said walls, subject to applicable laws, if any, subject to Landlord's written permission. Exterior signs may be installed by Tenant, with the written permission of Landlord, so long as the same do not cause any structural damage to Landlord's property, and so long as the same conform to applicable ordinances. All such proposals for the erection of exterior signs shall be submitted, in writing, to Landlord, with appropriate drawings or plans to reasonably illustrate the manner in which the sign is to be erected, and Landlord may approve the same but may require adequate security or safeguards guaranteeing adequate repair or restoration of the building or property upon removal of such exterior signs. 23. LANDLORD'S RIGHT OF ENTRY: Landlord and its authorized agents shall have the right to enter the Premises during normal working hours for the following purposes: a. Inspecting the general condition and state of repair of the Premises; b. The making of repairs required of Landlord, if any; c. For any other reasonable purpose; provided, however, that such entry shall not unreasonably interfere with the conduct of Tenant's business. 24. NOTICE: Any notice or document required or permitted to be delivered hereunder shall be deemed to be delivered whether actually received or not, when deposited in the United States mail, postage prepaid, registered or certified mail, return receipt requested, addressed to the parties hereto at their respective addresses set out opposite their names below or at such other addresses as they have heretofore specified by written notice delivered in accordance herewith: As to the Landlord: City of East Grand Forks Economic Development Authority 600 DeMers Avenue East Grand Forks, MN 56721 As to the Tenant: Galstad, Jensen & McCann, P.A. P.O. Box 386 East Grand Forks, MN 56721 9 25. TIME OF ESSENCE: Time is of the essence with respect to the performance of all obligations to be performed or observed by the parties under this Lease. IN WITNESS WHEREOF, the parties have hereunto set their hands as of the day and year first above written. LANDLORD: CITY OF EAST GRAND FORKS, TENANT: GALSTAD, JENSEN & MCCANN, P.A. MINNESOTA EAST GRAND FORKS ECONOMIC DEVELOPMENT AUTHORITY (EDA) BY: BY: Its President Its President BY: Its Executive Director 10  MEMORANDUM Date February 27, 2024 To EDA From ED Director Subject Meeting Summary January 30 2024 Economic Development Strategy On January 30, 2024. About 24 people representing the EDA, City Council, and local businesses met about the economic development strategy which was based on the results of the October meeting. Attached is a summary of the meeting. Recommendation: Discuss and provide direction. East Grand Forks Economic Development January 30 Group Meeting Summary January 2024 On January 30, 2024 about two dozen East Grand Forks residents, staff members, EDA board members, and elected officials met to discuss future priorities for economic development for the city. The group discussed the identified high-level priorities for economic development and approved. There was strong agreement for the need to focus on helping existing businesses grow, followed by efforts to improve the stock of commercial real estate, and to increase marketing and communications efforts. Third-tier priorities include continuing to explicitly engage the business community and to discontinue direct residential land development by the EDA. Each of the four economic development work areas was discussed and agreed upon and the group brainstormed potential action steps for each. Land and Site Development Action Steps 1. Create more land for industrial development. Create a plan for infrastructure assessment and development. 2. Sell the existing residential lots held by the City. At the current rate, lots should be liquidated in about three years. 3. Assess the City’s development agreement and land development processes and improve business friendliness where possible. 4. Assess access to utilities in industrial development areas: a. Power b. Natural gas c. Water d. Telecommunications Local Business Development Action Steps 1. Continue explicit business retention and expansion (BRE) visits and the new regular business needs meetings. 2. Create and support opportunities to draw customers to town, including events, governor’s fishing opener, concerts, youth sports tournaments, etc. 3. Support facilities – including sports – that host events and draw new customers to town 4. Leverage service clubs for events and outreach 5. Improve signage and wayfinding for the city 6. Continue targeted business financing programs and grants New Business Development Action Steps 1. Maintain a strong relationship with Grand Forks Region EDC.  2. Assess factors why businesses choose North Dakota over Minnesota and create a plan to address what is possible to change. 3. Continue advocacy and “sales” role Connect, Convene, Communicate Action Steps 1. Assess general business friendliness and restrictions restrictions 2. Continue specific outreach regarding sales tax costs and benefits 3. Create a plan to incentivize businesses to improve aesthetics Participants ended the discussion by prioritizing the four work areas. The exercise produced a clear hierarchy favoring assisting existing businesses and fulfilling a coordination and communication role.  MEMORANDUM Date February 27, 2024 To EDA From ED Director Subject Gate City Bank Program Renewal Representative(s) from Gate City Bank will provide information about the renewal of the home improvement program for 2024. Attached to this report is the permit reminder that the City will provide to each applicant.  Home Improvement Partnership Program (HIPP) Application Thank you for your interest in applying for the East Grand Forks Home Improvement Partnership Program. We look forward to working with you on a project that will improve your home and help to enhance the neighborhood in which you live. APPLICATION DEADLINE The deadline to apply for the 2024 HIPP Program is October 31, 2024. ELIGIBLE IMPROVEMENT COSTS Funds may be used to address code and structural corrections, energy improvements, and general property improvements. Loans are available to finance new improvements not yet under construction, and if there are code corrections identified during the inspection, they must be addressed as part of the project. APPLICANTS Loan applicant must be the owner-occupant of the home and meet Gate City Bank's credit standards for repayment of the improvement loan. PROJECT MUST INCLUDE AT LEAST ONE: PROPERTY REQUIREMENTS: ☐ Foundation work (drain tile, bracing) ☐ Located within the City of East Grand Forks Municipal ☐ Siding, roofing, windows, or other major exterior upgrades Boundaries. • Garages must meet zoning code requirements for allowable ☐ Zoned for residential use. square footage. Projects requiring variance requests for larger square footage will be ineligible. ☐ Outside of 100-year floodplain ☐ Current assessed property value less than $400,000 ☐ Addition of bedroom or new living space ☐ Owner-occupied single family attached or detached. • Must meet the zoning requirements for allowable performance standards (i.e., setbacks, impervious coverage, square footage) units ☐ Current on property taxes and special assessments ☐ Major interior remodeling (i.e., kitchen remodel, bathroom remodel) INELIGIBLE PROPERTY TYPES ☐ Replacement of major mechanical systems (furnace, • Duplex  Condo  Mobile Home electrical system, plumbing) • 3-Plex  Rental Property* ☐ Convert rental unit to owner-occupied. *unless being converted from rental to single-family, owner-occupied housing QUESTIONS on Property, Contractor, or Renovation Items? Call or E-mail City of East Grand Forks Economic Development LOAN TERMS Phone: 218.773.8939 Email: pgorte@egf.mn • Repayment options of 10 or 15 years with an APR as low as 4.99%** QUESTIONS on Loan Processing/Appraisals? • Minimum loan $10,000/Maximum loan Call or E-mail Brittney Clinton (NMLS #1093605) at Gate City $100,000 Bank • Maximum loan-to-value 90% Phone: 701.293.2565 Email: BrittneyClinton@gatecity.bank • Property owner responsible for closing costs & customary fees (including possible appraisal fees if required) PLEASE SUBMIT YOUR COMPLETED APPLICATION TO: ** Terms and conditions may apply. A $50,000 home equity City of East Grand Forks loan at 4.98% interest rate for 120 monthly payments of Attn: Paul Gorte, ACIP – Economic Development Director $529.97 will have a 4.99% annual percentage rate. 600 DeMers Avenue NW First payment due within 9 months of loan closing. East Grand Forks, MN 56721 Email: pgorte@egf.mn APPLICATION REQUIREMENTS: At the time of application, you will be required to obtain any relevant building permits and pay any associated fees for the work through the Economic Development Department. After the work is completed, an inspection may be necessary to complete the permit. Contact the City Building Inspections department for more information on permits, fees, and inspections process, 218.773.8939. REPAYMENT OPTION APPLICANT IS INTERESTED IN APPLICATION DEADLINE (check one box below): The deadline to apply for the 2024 HIPP Program is ☐ 10-Year ☐ 15-Year October 31, 2024. SECTION A: General Information Name - Applicant 1 Daytime Phone with Area Code Name - Applicant 2 Daytime Phone with Area Code Address E-mail – Applicant 1 E-mail – Applicant 2 Estimated Amount Requested SECTION B: Property Information What type of work are you interested in completing? Check () and describe below. Types of Work Describe Work □ Electrical □ Plumbing □ Heating/Cooling □ Foundation/Basement □ Roof □ Windows/Doors □ Siding □ Garage □ Addition □ Kitchen Remodel □ Bath Remodel □ Interior Finishes □ Accessibility □ Landscaping/Deck □ Convert from Rental □ Other Page 2 of 3 SECTION C: Additional Property Information How many bedrooms, above grade, are in your house? How many bedrooms, below grade with egress, are in your house? How many bathrooms: Total square footage? Estimated current market value: Full _______ 3/4 bath _______ 1/2 bath _______ $___________________________ What type of heating system is in your home? (circle one) Cooling system? (circle one) Gas Electric Other ___________ Central Air Wall Air Other ____________ Basement finished, partially finished, or not finished? (if Homeowner’s Insurance Company: _________________________ partial, please note what percentage is finished) Agent’s Name: ________________ Agent’s Phone: ____________ Please describe any existing, notable interior features or upgrades to your home (e.g., fireplace, sauna, hot tub, sunroom, bar, patio, deck, fence, home theatre, full kitchen/bathroom remodels, stone c o u n t e r t o p s , finished basement): Amount Applicant would like to borrow: $ Completed applications will be forwarded to Gate City Bank for loan review and the loan decision will be provided by Gate City Bank. Credit Decision and Approval is completed by Gate City Bank, City of East Grand Forks has no involvement in the final decision for the loan. Completion date of project to be within 9 months of loan closing. All bids and estimates for the projects are to be provided to Gate City Bank at the time of application. Gate City Bank may ask for other documentation when underwriting the loan. All information furnished is for confidential use of the City of East Grand Forks or Gate City Bank. Under Minnesota Law, it is a crime to use false or misleading information in this application in order to qualify for a loan. Signatures: I certify that everything I have stated in this application and on any attachments is correct. You may keep this application whether or not it is approved. I authorize you to check my credit and employment history and to answer questions others may ask about my credit with you. I understand that I must update credit information at your request if my financial situation changes. ___________________________________________ ___________________________________________ Signature Date Signature Date Page 3 of 3 Notice to Applicants At the time of application, you will be required to check with the City to see whether your project is allowed. Completed applications will be forwarded to Gate City Bank for loan review and the loan decision will be provided by Gate City Bank. After your loan has been approved, you will need to obtain your permit from the City. No work can be started until a permit has been issued and been paid in full. After the work is completed, an inspection may be necessary to complete the permit. Contact the City Building Inspections department for more information on permits, fees, and inspections process, 218.773.2208. Signature of Applicant  MEMORANDUM Date February 27, 2024 To EDA From ED Director Subject Renewal of Realtor Listings for City-Owned Residential Lots It is time to renew the realtor listings for the City-owned residential lots for another two years. The realtors have been very helpful with the sale of the lots. The Director has two questions: • Should Lot 7 Block 1 Waters Edge First remain as part of the listing? This is the large, undeveloped lot at the northeast corner of 23rd Street NW and River Road NW. • Should Lot 6 Block 2 Coulee View remain as part of the listing? This is the lot at the corner of 17th Ave SE and 13th Street SE. Recommendation: That the EDA decide whether to include the two lots in question and approve the renewal of the realtor listings for two years.  ADDENDUM TO LISTING CONTRACT This form approved by the Minnesota Association of REALTORS®, which disclaims any liability arising out of use or misuse of this form. © 2019 Minnesota Association of REALTORS®, Edina, MN 1. Date 02/19/2024 2. Page 1 of 1 pages 3. Addendum to Listing Contract between parties, dated 02/26/2020 , pertaining to 4. the Proper ty at Various Lots listed below 5. . 6. In the event of a conflict between this Addendum and any other provision of the Listing Contract, the language in this 7. Addendum shall govern. 8. Buyer/Seller mutually agree to extend the listing contract until 2/28/2026 for the following properties: 9. Lot 14, Blk 2, WE 1st Addn, 1216 23rd St NW 10. Lot 10, Blk 1, WE 2nd Addn, 2327 Pinehurst Ct NW 11. Lot 15, Blk 1, WE 2nd Addn, 2303 Pinehurst Ct NW 12. Lot 7, Blk 1, WE 2nd Addn, 2417 Pinehurst Ct NW 13. Lot 4, Blk 1, WE 2nd Addn, 2429 Pinehurst Ct NW 14. Lot 16, Blk 3, WE 1st Addn, 2315 Troon Circle 15. Lot 6, Blk 2, Coulee View Addn, 1304 17th Ave SE 16. Lot 12, Blk 1, WE 2nd Addn, 2315 Pinehurst Ct NW 17. Lot 18, Blk 3, WE 1st Addn, 2320 Troon Circle NW 18. Lots 1 & 2, Blk 2, WE 2nd Resubdivision, 2323/2327 8th Ave NW 19. 20. 21. 22. 23. 24. 25. 26. 27. 28. ACCEPTED BY: Greenberg Realty BY: (Real Estate Company Name) (Licensee) 29. Date Signed: 30. ACCEPTED BY: ACCEPTED BY: (Seller/Owner) (Seller/Owner) 31. (Date) (Date) 32. THIS IS A LEGALLY BINDING CONTRACT BETWEEN SELLER/OWNER AND BROKER. 33. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL. MN-AERSLC (8/19)  AMENDMENT TO LISTING CONTRACT This form approved by the Minnesota Association of REALTORS®, which disclaims any liability arising out of use or misuse of this form. © 2019 Minnesota Association of REALTORS®, Edina, MN 1. Date 02/19/2024 2. Page 1 of 1 pages 3. The undersigned parties to a Listing Contract, dated 2/26/2020 , pertaining to the 4. Property at Various Lots listed below. 5. . 6. hereby mutually agree to amend said Listing Contract as follows: 7. Extend listing agreement to 2/28/2026 8. 9. Waters Edge First Addition Block 2 Lot 10 & Waters Edge First Addition Block 2 Lot 11 : 2310/2316 PEBBLE BEACH ROAD 10. NW, EAST GRAND FORKS, MN 56721 11. 12. Waters Edge 2nd Resub Block 1 Lot 13: 2311 PINEHURST CT NW EGF 56721 13. 14. Waters Edge 2nd Resub Block 1 Lot 11: 2319 PINEHURST CT NW EGF 56721 15. 16. Waters Edge 2nd Resub Block 1 Lot 8 : 2413 PINEHURST CT NW, EGF 56721 17. 18. Waters Edge 2nd Resub Block 1 Lot 6: 2421 Pinehurst CT NW, EGF 56721 19. 20. Waters Edge 1st Addition Block 3 Lot 24: 2546 St. Andrews Dr. EGF 56721 21. 22. Waters Edge 1st Addition Block 2 Lot 17: 2309 St Andrews Dr. EGF 56721 23. 24. Waters s Edge 1st Addition Block 3 Lot 5: 2410 St. Andrews Dr. EGF 56721 25. Waters Edge 1st Addition Block 1 Lot 7 : L7B1 Torrey Pines EGF 56721 26. Waters Edge 1st Addition Block 3 Lot 10: 2501 TROON CIRCLE NW EGF 56721 27. All other terms and conditions of the Listing Contract to remain the same. 28. ACCEPTED BY: BY: (Real Estate Company Name) (Licensee) 29. (Date) 30. ACCEPTED BY: ACCEPTED BY: (Seller/Owner) (Seller/Owner) 31. (Date) (Date) 32. THIS IS A LEGALLY BINDING CONTRACT BETWEEN SELLER/OWNER AND BROKER. 33. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN APPROPRIATE PROFESSIONAL. MN-AERSLC (8/19)  MEMORANDUM Date February 27, 2024 To EDA From ED Director Subject Forgivable COVID Loans The three-year term for the forgivable COVID loans will end shortly for many of the loans. Mr. Galstad has provided a Satisfaction and informed the Director of the necessary actions that must occur provided the borrower has fulfilled the terms of the loans. Attached is a list of the loans for Round 1 of the program.  $260K Forgivable Loan Program 3/31/2021 Business Name dba Name Amount Closing Date Central Stores Inc Anytime Fitness $ 20,000.00 3/4/2021 East River's Edge Corp Blue Moose $ 24,999.00 3/1/2021 Boardwalk Bar & Grill LLC Boardwalk $ - Border States Trophy and Awards Border States Trophy $ 10,000.00 2/25/2021 El Azteca East Grand Forks Inc Casa Mexico $ 24,999.00 3/1/2021 Yogurt & Things Cherry Berry $ 5,000.00 3/4/2021 Dacotah Aerie #350 Eagles $ 20,000.00 3/3/2021 Five Bs Inc Five Bs (Ace) $ - East Grand Station Inc Holiday $ - The Diner on Main LLC Joe's Diner $ - Inthanon LLC Little Bangkok $ 20,000.00 3/1/2021 SJA Thunder Corp Mikes Pizza Pub $ 24,999.00 2/25/2021 Red Pepper East Inc Red Pepper East $ 10,007.00 3/1/2021 River Cinema Inc River Cinema $ 24,999.00 3/4/2021 Sickies ND Inc Sickies Garage $ 24,999.00 3/22/2021 The Spud Jr LLC Spud Jr $ 24,999.00 3/8/2021 Triangle Coach Service LLC Triangle Coach $ - Up North Hospitality LLC Up North Pizza Pub $ 24,999.00 10/26/2021 $ 260,000.00  MEMORANDUM Date February 27, 2024 To EDA From ED Director Subject RAISE Grant Letter of Support East Grand Forks is working with Grand Forks, Polk County, and Grand Forks County to determine the location(s) for possible future bridges. A funding opportunity to pay for part of the costs of the preliminary work came available. The four partners agreed to seek funding for the grant. East Grand Forks, as the lead agency, asked for a letter of support. The Director prepared the letter for the signatures of the EDA President and the Director. A copy of the letter is attached. January 30, 2024 The Honorable Pete Buttigieg United States Secretary of Transportation U.S. Department of Transportation 1200 New Jersey Ave, SE Washington, DC 20590 RE: Letter of Support for FY 2024 RAISE Discretionary Program: Planning Grant for East Grand Forks- Grand Forks Bridge Crossing Project Dear Secretary Buttigieg: We support application by the City of East Grand Forks, Minnesota, for funding through the United States Department of Transportation’s Rebuilding American Infrastructure with Sustainability and Equity (RAISE) program. The RAISE funding will facilitate completion of the planning efforts to conduct preliminary and final engineering design, environmental documentation, and permitting for the long-planned bridge connection(s) across the Red River of the North between the cities of East Grand Forks, Minnesota, and Grand Forks, North Dakota. The multi-State planning project will support a range of multimodal options that address diverse local and regional community needs. The project aligns with USDOT’s strategic goals in that it utilizes a multi-agency partnership to address critical mobility and connectivity, quality of life, equity, and economic challenges in the East Grand Forks- Grand Forks area: 2 cities, 4 local jurisdictions, 2 states. The communities have identified a need for a new river crossing(s) between the two cities to enhance safety, reduce congestion at the existing crossings, and build active infrastructure to strengthen the current transportation network. The project will address these challenges by providing a safer connection(s) for freight and vehicular traffic across the Red River of the North that includes multimodal access for all users walking, rolling, bicycling, or taking transit between the cities and the surrounding areas. The population of the East Grand Forks-Grand Forks region is forecasted to increase by approximately 39 percent between 2015 and 2045. Infrastructure improvements are critically needed so residents and visitors of all backgrounds, incomes, and abilities may access jobs, healthcare, and housing. The completion of proposed planning activities will strengthen our system of transport and contribute to growth in our region, including the anticipated growth of (the City of East Grand Forks itself. In addition to the improvements noted above, we anticipate that the project, when completed, will facilitate economic growth with high-paying job opportunities for people from all backgrounds. East Grand Forks Economic Development Authority 600 DeMers Avenue NW | East Grand Forks, Minnesota 56721 218/773-8939 | www.egf.mn We support the City of East Grand Forks’ application for the funding of the planning activities for East Grand Forks-Grand Forks Bridge Crossing project through FY 2024 RAISE Discretionary Program and look forward to the infrastructure investment in our region through the Bipartisan Infrastructure Law. Please give this grant proposal your full consideration and if I can answer any questions, please do not hesitate to contact Paul Gorte. He can be reached at 218.773.8939 or pgorte@egf.mn. Sincerely, Josh Grinde Paul Gorte President Economic Development Director East Grand Forks EDA East Grand Forks EDA East Grand Forks Economic Development Authority 600 DeMers Avenue NW | East Grand Forks, Minnesota 56721 218/773-8939 | www.egf.mn  MEMORANDUM Date February 27, 2024 To EDA From ED Director Subject SBDC Update As od mid-June the University of Minnesota Crookston will no longer host the local SBDC representative. She is expected to continue her work under contact to the Northwest Minnesota Foundation and be available for East Grand Forks clients. The EDA budgeted $5000 for the support of SBDC services in East Grand Forks. The money was expected to go to the program host: UMC. With the change in the service provider, the Director proposes to use the half of the allocation to support the new service provider, the Northwest Minnesota Foundation. Recommendation: That half of the SBDC support funding in the EDA budget be allocated to the Northwest Minnesota Foundation rather than the University of Minnesota Crookston who will no longer host the program after mid-June.  MEMORANDUM Date February 27, 2024 To EDA From ED Director Subject New Director Skills and Qualifications Based upon the inputs from the economic development strategy meeting in October 2023 and the follow- up meeting in January 2024, the Director has identified a list of skills and qualifications for the new Director. Attached are the list and the current job description. Recommendation: Review and recommend the required and desired skill and qualifications. KNOWLEDGE, SKILLS, AND ABILITIES 1. Thorough working knowledge of the principles, prac�ces, and procedures of economic development. 2. Ability to organize and coordinate support from professional and technical City staff, legal consultants, other government agencies, private business, and the financial services industry. 3. Ability to analyze the economics of a par�cular business loca�on or expansion project, so as to make independent judgments about the effec�veness of financial assistance or inducements. 4. Ability to establish and maintain contacts and effec�ve working rela�onships with poten�al business clients. 5. Ability to communicate effectively. 6. Ability to understand the needs of the business community and the City. 7. Ability to understand and administer assistance programs, such as revolving loan funds and grants. 8. Ability to administer a Business Retention and Expansion (BRE) program. 9. Ability to understand what fits within the community and what does not fit. 10. Working knowledge of the development process. 11. Working knowledge of marketing. 12. Working knowledge of workforce. 13. Personal characteristics: a. Adaptability and flexibility. b. Discretion. c. Tact. d. Honesty and integrity. e. Professional demeanor. f. Patience. g. Sense of urgency and inclination toward action. h. Team player. i. Cheerleader. QUALIFICATIONS 1. Bachelor’s Degree in Public Administra�on, Business Administra�on, or a closely related field highly desirable. 2. Minimum of three years of experience working in economic development, preferably at the local government level. 3. A demonstrated record of ongoing con�nuing educa�on in economic development.