Hibbing Economic Development Authority

HIBBING ECONOMIC DEVELOPMENT AUTHORITY Regular Meeting Tuesday, August 4, 2026 5:00 PM President Steve Jurenes City Administrator Greg Pruszinske Vice President Celia Cameron Finance Dir - Treasurer Sheena Mulner Member John Schweiberger City Clerk Candie Seppala Member Jennifer Hoffman Saccoman City Attorney Andy Borland Member Pete Hyduke Member Mike Egan Member Jim Skalski Members may participate through remote technology I. CALL TO ORDER: II. ADDS AND DELETES: III. APPROVAL OF THE AGENDA: IV. APPROVAL OF MINUTES: 1. Approve the Minutes of the Hibbing Economic Development Authority Meeting of July 14, 2026 V. PUBLIC HEARING: 1. Conduct the public hearing on the business subsidy request by Rebound Partners located at 527 Professional Drive, Suite 100, Northfield, Minnesota 55057 for a loan in the amount of $296,000 for predevelopment funds for the Iron Exchange at 400, the 400 Block Redevelopment Project. VI. CONSENT AGENDA: 1. (PLACEHOLDER): Affirm the Economic Development Loan Fund account balance as of July 31, 2026 in the amount of $ 2. Approve disbursements for the month of July in the amount of $226,322.28 1. Fund 250 (HEDA ED/Rev Ln Fd) - $0 2. Fund 255 (HEDA General Fd) - $8,476.65 3. Fund 392 (TIF#12 DS Fd) - $0 4. Fund 418 (Downtown Capital Prjt Fd) - $210,994.05 5. Fund 440 (Tax Abatement Prjt Fd) - $6,851.58 6. Fund 422 (Deferred Loan Fund) - $0 7. Fund 610 (HEDA – AMGS) - $0 3. Set the next Regular HEDA Meeting for Tuesday, September 1, 2026, at 5:00 p.m. in the Hibbing City Hall Council Chambers VII. PRESENTATIONS: 1. 1920 E 4th Ave update - Jacob Hanson VIII. DEPARTMENT AND COMMITTEE REPORTS: 1. Finance Director-Treasurer Sheena Mulner a. HEDA Loan Balances b. TIF #12 disclosure 2. City Attorney Andy Borland 3. City Administrator Greg Pruszinske a. Downtown Hibbing Parking and Traffic Study: Accept Final Study IX. LOAN REQUESTS: X. DISCUSSION ITEMS: XI. ADJOURNMENT: