Hinckley Economic Development Authority Meeting

City of Hinckley Hinckley Economic Development Authority Meeting Agenda Tuesday, July 14, 2026 at 12:00 PM Council Chambers (Community Room) 106 First Street SE, P. O. Box 366 | Tel: (320) 384.7491 | Fax: (320) 384.7492 | ww.hinckleymn.gov 1. Call to Order 2. Approve Agenda 3. Minutes A. March 10, 2026, Regular & Summary Meeting Minutes 4. EDA Payables/Financials A. March 2026 Financials & Payables- $67.26 B. April 2026 Financials & Payables- $735.00 C. May 2026 Financials & Payables- $1,738.20 D. June 2026 Financials & Payables- $559.65 5. New Business A. 2027 Proposed Budget B. Main St Buildings 6. Old Business A. Housing Study Update – Initiative Foundation Grant B. Business Retention and Expansion (BRE) Course- May 20-21, 2026, Update 7. Open Forum 8. Miscellaneous A. Pine County Small Business Series B. Small Cities Development Program Application for owner-occupied housing rehab was submitted 9. Adjournment 1  Section 3, Item A. City of Hinckley Hinckley Economic Development Authority Meeting Minutes Tuesday, March 10, 2026, at 12:00 PM Council Chambers (Community Room) 106 First Street SE, P. O. Box 366 | Tel: (320) 384.7491 | Fax: (320) 384.7492 | ww.hinckleymn.gov 1. Call to Order Pursuant to due call and notice, the regular meeting of the Hinckley Economic Development Authority was called to order by EDA President Wayne Cessna on Tuesday, March 10, 2026, at 12:01 p.m. Members present: EDA Commission Members: President Wayne Cessna, Reid Davis, Tim Burkhardt, and Don Zeman. Members absent: Dave Ubl and Pine County EDA Coordinator Lezlie Sauter. Also present are City Administrator Leaha Jackson and Planning and Zoning Administrator Mark Perry. 2. Approve Agenda Motion made by Burkhardt, Seconded by Zeman, to approve the agenda with item 6B. Northview CD's. Voting Yea: President Cessna, Davis, Zeman, Burkhardt. Motion carried 4-0. 3. Public Hearings - None 4. Minutes A. February 10, 2026, Regular Meeting Minutes Motion made by Davis, Seconded by Zeman, to approve the minutes as presented. Voting Yea: President Cessna, Davis, Zeman, Burkhardt. Motion carried 4-0. 5. EDA Payables/Financials A. January 2026 Financials & Payables- $0.00 B. February 2026 Financials & Payables- $557.65 Motion made by Burkhardt, Seconded by Zeman, to approve the minutes as presented. Voting Yea: President Cessna, Davis, Zeman, Burkhardt. Motion carried 4-0. 6. New Business A. University of Minnesota Extension Business Retention and Expansion Course - May 20-21, 2026 Motion made by Burkhardt, Seconded by Davis, to approve sending a 3-5 person team and inviting someone from the Chamber to attend as part of the team. Voting Yea: President Cessna, Davis, Zeman, Burkhardt. Motion carried 4-0. B. Northview CD Maturity Date- April 3, 2026 Motion made by Zeman, Seconded by Davis, to roll the CDs over each into another 12- month CD. Voting Yea: President Cessna, Zeman, Burkhardt. Motion carried 4-0. 7. Old Business 2  Section 3, Item A. A. 2026 Small Cities Development Program Application Update The public hearing for the application will be held at tonight's city council meeting. Based on feedback, the application will be for owner-occupied housing. B. USDOT Thriving Communities Update A stakeholder meeting was held on February 6, 2026; members Zeman and Burkhardt attended. A summary of the meeting was included in the packet. Also included was a summary of the public engagement exercise held by the City and Bollig Engineering on February 24, 2026. C. Request For Proposals- City of Hinckley Housing Needs Analysis 2026 Included in the packet was a draft Request for Proposals to update the City's Housing 2018 Housing Study. Planning and Zoning Administrator Perry asked if any commission members had feedback or comments; none were provided. Zeman asked if the City was not selected in the spring, can we apply again? Perry responded, yes. Motion made by Burkhardt, Seconded by Zeman, to ask the City Council to apply to the Initiative Foundation Economic Development Grant to update the 2018 Housing Study. Voting Yea: President Cessna, Davis, Zeman, Burkhardt. Motion carried 4-0. 8. Open Forum 9. Miscellaneous 10. Adjournment Motion made by Zeman, Seconded by Davis, to adjourn the meeting at 12:35 p.m. Voting Yea: President Cessna, Davis, Zeman, Burkhardt. Motion carried 4-0. Attest: _____________________________________ Wayne Cessna, President ___________________________________ Secretary Leaha M. Jackson 3  Section 4, Item A. 4/8/2026 11:16am City of Hinckley Page 1 Balance Sheet For EDA GENERAL FUND (700) March 31, 2026 Assets Cash 700.00000.10100 Cash in Bank 45,797.31 700.00000.10105 Cash in Bank-Revolving Loan 33,223.71 Total Cash 79,021.02 Investments 700.00000.10400 Investment-RBC 1,044.28 700.00000.10402 Investment-Northview Bank 275,599.06 Total Investments 276,643.34 Receivables 700.00000.10500 Taxes Receivable-Current 141.56 Total Receivables 141.56 Total Assets $ 355,805.92 Liabilities and Fund Balance Total .00 Total Liabilties .00 700.00000.25100 Fund Balance $ 353,697.47 Total 353,697.47 Excess of Revenue Over Expenditures 2,108.45 Total Fund Balances 355,805.92 Total Liabilities and Fund Balances $ 355,805.92 4  Section 4, Item A. City of Hinckley 4/8/2026 11:22am Statement of Revenue and Expenditures Page 1 Revised Budget For EDA GENERAL FUND (700) For the Fiscal Period 2026-3 Ending March 31, 2026 Previous YTD Previous YTD Annual YTD Remaining Account Number Budget Actual Budget Actual Budget Amount Revenues Taxes Revenues 700.31000.31010 Property Taxes $ 0.00 $ 0.00 $ 15,000.00 $ 0.00 $ 15,000.00 Total Taxes Revenues 0.00 0.00 15,000.00 0.00 15,000.00 Miscellaneous Revenues Revenues 700.36200.36210 Interest Earnings 50.01 2,798.42 4,000.00 2,733.36 $ 1,266.64 Total Miscellaneous Revenues Revenues 50.01 2,798.42 4,000.00 2,733.36 1,266.64 Total EDA GENERAL FUND Revenues $ 50.01 $ 2,798.42 $ 19,000.00 $ 2,733.36 $ 16,266.64 Expenditures Economic Development & Assistance Expenditure 700.46500.02180 Operating Supplies-Events $ 187.50 $ 0.00 $ 750.00 $ 0.00 $ 750.00 700.46500.02190 Operating Supplies-Other 0.00 0.00 0.00 124.91 $ 0.00 700.46500.03010 Professional Services-Auditing & 833.00 732.00 850.00 0.00 $ 850.00 700.46500.03040 Professional Services-Legal Fees 125.01 0.00 500.00 0.00 $ 500.00 700.46500.03190 Professional Services-Other 0.00 500.00 0.00 500.00 $ 0.00 700.46500.03220 Communication-Postage 24.99 0.00 100.00 0.00 $ 100.00 700.46500.03430 Advertising-Other 62.49 0.00 250.00 0.00 $ 250.00 700.46500.04330 Miscellaneous-Dues & Subscriptio 249.99 0.00 1,000.00 0.00 $ 1,000.00 700.46500.04390 Miscellaneous-Other 112.50 0.00 450.00 0.00 $ 450.00 Total Economic Development & Assistance Expen 1,595.48 1,232.00 3,900.00 624.91 3,275.09 Total EDA GENERAL FUND Expenditures $ 1,595.48 $ 1,232.00 $ 3,900.00 $ 624.91 $ 3,275.09 EDA GENERAL FUND Excess of Revenues Over Expend $ (1,545.47) $ 1,566.42 $ 15,100.00 $ 2,108.45 $ 12,991.55 5  Section 4, Item A. City of Hinckley 4/8/2026 11:22am Statement of Revenue and Expenditures Page 2 Revised Budget For the Fiscal Period 2026-3 Ending March 31, 2026 Previous YTD Previous YTD Annual YTD Remaining Account Number Budget Actual Budget Actual Budget Amount Total Revenues $ 50.01 $ 2,798.42 $ 19,000.00 $ 2,733.36 $ 16,266.64 Total Expenditures $ 1,595.48 $ 1,232.00 $ 3,900.00 $ 624.91 $ 3,275.09 Total Excess of Revenues Over Expenditures $ (1,545.47) $ 1,566.42 $ 15,100.00 $ 2,108.45 $ 12,991.55 6  4/8/2026 11:03am Section 4, Item A. 1 Page City of Hinckley Page Accounts Payable Check Register Report - Northview Bank (EDA)-1109024 For The Fiscal Periods Range From 2026-3 To 2026-3 For All Vendors And For Outstanding, Cleared, Voided Checks - Computer Generated, Hand Written, eCheck Check # / Type Date Vendor Name Amount Status eCheck ID 2250 C 3/16/2026 132 DAGGETT'S FRESH FOODS $67.26 O Invoice Nbr - Description GL Account Amount 00338973 - 3/10/26 EDA Lunch Meeting 700.46500.02190 $67.26 Cleared $0.00 Outstanding $67.26 Void $0.00 7  Section 4, Item B. 5/7/2026 9:12am City of Hinckley Page 1 Balance Sheet For EDA GENERAL FUND (700) April 30, 2026 Assets Cash 700.00000.10100 Cash in Bank 45,064.19 700.00000.10105 Cash in Bank-Revolving Loan 33,225.07 Total Cash 78,289.26 Investments 700.00000.10400 Investment-RBC 1,047.05 700.00000.10402 Investment-Northview Bank 278,053.79 Total Investments 279,100.84 Receivables 700.00000.10500 Taxes Receivable-Current 141.56 Total Receivables 141.56 Total Assets $ 357,531.66 Liabilities and Fund Balance Total .00 Total Liabilties .00 700.00000.25100 Fund Balance $ 353,697.47 Total 353,697.47 Excess of Revenue Over Expenditures 3,834.19 Total Fund Balances 357,531.66 Total Liabilities and Fund Balances $ 357,531.66 8  Section 4, Item B. City of Hinckley 5/7/2026 9:16am Statement of Revenue and Expenditures Page 1 Revised Budget For EDA GENERAL FUND (700) For the Fiscal Period 2026-4 Ending April 30, 2026 Previous YTD Previous YTD Annual YTD Remaining Account Number Budget Actual Budget Actual Budget Amount Revenues Taxes Revenues 700.31000.31010 Property Taxes $ 0.00 $ 0.00 $ 15,000.00 $ 0.00 $ 15,000.00 Total Taxes Revenues 0.00 0.00 15,000.00 0.00 15,000.00 Miscellaneous Revenues Revenues 700.36200.36210 Interest Earnings 66.68 5,306.47 4,000.00 5,194.10 $ (1,194.10) Total Miscellaneous Revenues Revenues 66.68 5,306.47 4,000.00 5,194.10 (1,194.10) Total EDA GENERAL FUND Revenues $ 66.68 $ 5,306.47 $ 19,000.00 $ 5,194.10 $ 13,805.90 Expenditures Economic Development & Assistance Expenditure 700.46500.02180 Operating Supplies-Events $ 250.00 $ 0.00 $ 750.00 $ 0.00 $ 750.00 700.46500.02190 Operating Supplies-Other 0.00 0.00 0.00 124.91 $ 0.00 700.46500.03010 Professional Services-Auditing & 833.00 732.00 850.00 735.00 $ 115.00 700.46500.03040 Professional Services-Legal Fees 166.68 0.00 500.00 0.00 $ 500.00 700.46500.03190 Professional Services-Other 0.00 500.00 0.00 500.00 $ 0.00 700.46500.03220 Communication-Postage 33.32 0.00 100.00 0.00 $ 100.00 700.46500.03430 Advertising-Other 83.32 0.00 250.00 0.00 $ 250.00 700.46500.04330 Miscellaneous-Dues & Subscriptio 333.32 0.00 1,000.00 0.00 $ 1,000.00 700.46500.04390 Miscellaneous-Other 150.00 0.00 450.00 0.00 $ 450.00 Total Economic Development & Assistance Expen 1,849.64 1,232.00 3,900.00 1,359.91 2,540.09 Total EDA GENERAL FUND Expenditures $ 1,849.64 $ 1,232.00 $ 3,900.00 $ 1,359.91 $ 2,540.09 EDA GENERAL FUND Excess of Revenues Over Expend $ (1,782.96) $ 4,074.47 $ 15,100.00 $ 3,834.19 $ 11,265.81 9  Section 4, Item B. City of Hinckley 5/7/2026 9:16am Statement of Revenue and Expenditures Page 2 Revised Budget For the Fiscal Period 2026-4 Ending April 30, 2026 Previous YTD Previous YTD Annual YTD Remaining Account Number Budget Actual Budget Actual Budget Amount Total Revenues $ 66.68 $ 5,306.47 $ 19,000.00 $ 5,194.10 $ 13,805.90 Total Expenditures $ 1,849.64 $ 1,232.00 $ 3,900.00 $ 1,359.91 $ 2,540.09 Total Excess of Revenues Over Expenditures $ (1,782.96) $ 4,074.47 $ 15,100.00 $ 3,834.19 $ 11,265.81 10  5/5/2026 4:04pm Section 4, Item B. 1 Page City of Hinckley Page Accounts Payable Check Register Report - Northview Bank (EDA)-1109024 For The Date Range From 4/1/2026 To 4/30/2026 For All Vendors And For Outstanding, Cleared, Voided Checks - Computer Generated, Hand Written, eCheck Check # / Type Date Vendor Name Amount Status eCheck ID 2251 C 4/8/2026 673 Eide Bailly LLP $735.00 C Invoice Nbr - Description GL Account Amount EI02038036(700) - 2025 Financial Statement 700.46500.03010 $735.00 Audit - Progress Billing Cleared $735.00 Outstanding $0.00 Void $0.00 11  Section 4, Item C. 6/4/2026 8:27am City of Hinckley Page 1 Balance Sheet For EDA GENERAL FUND (700) May 31, 2026 Assets Cash 700.00000.10100 Cash in Bank 43,327.78 700.00000.10105 Cash in Bank-Revolving Loan 33,226.39 Total Cash 76,554.17 Investments 700.00000.10400 Investment-RBC 1,049.71 700.00000.10402 Investment-Northview Bank 278,053.79 Total Investments 279,103.50 Receivables 700.00000.10500 Taxes Receivable-Current 141.56 Total Receivables 141.56 Total Assets $ 355,799.23 Liabilities and Fund Balance Total .00 Total Liabilties .00 700.00000.25100 Fund Balance $ 353,697.47 Total 353,697.47 Excess of Revenue Over Expenditures 2,101.76 Total Fund Balances 355,799.23 Total Liabilities and Fund Balances $ 355,799.23 12  Section 4, Item C. City of Hinckley 6/4/2026 8:32am Statement of Revenue and Expenditures Page 1 Revised Budget For EDA GENERAL FUND (700) For the Fiscal Period 2026-5 Ending May 31, 2026 Previous YTD Previous YTD Annual YTD Remaining Account Number Budget Actual Budget Actual Budget Amount Revenues Taxes Revenues 700.31000.31010 Property Taxes $ 0.00 $ 0.00 $ 15,000.00 $ 0.00 $ 15,000.00 Total Taxes Revenues 0.00 0.00 15,000.00 0.00 15,000.00 Miscellaneous Revenues Revenues 700.36200.36210 Interest Earnings 83.35 5,315.58 4,000.00 5,199.87 $ (1,199.87) Total Miscellaneous Revenues Revenues 83.35 5,315.58 4,000.00 5,199.87 (1,199.87) Total EDA GENERAL FUND Revenues $ 83.35 $ 5,315.58 $ 19,000.00 $ 5,199.87 $ 13,800.13 Expenditures Economic Development & Assistance Expenditure 700.46500.02180 Operating Supplies-Events $ 312.50 $ 0.00 $ 750.00 $ 0.00 $ 750.00 700.46500.02190 Operating Supplies-Other 0.00 0.00 0.00 124.91 $ 0.00 700.46500.03010 Professional Services-Auditing & 833.00 814.00 850.00 735.00 $ 115.00 700.46500.03040 Professional Services-Legal Fees 208.35 0.00 500.00 0.00 $ 500.00 700.46500.03080 Professional Services-Instructors' 0.00 1,500.00 $ 0.00 700.46500.03190 Professional Services-Other 0.00 500.00 0.00 500.00 $ 0.00 700.46500.03220 Communication-Postage 41.65 0.00 100.00 0.00 $ 100.00 700.46500.03310 Transportation-Travel Expense 0.00 238.20 $ 0.00 700.46500.03430 Advertising-Other 104.15 0.00 250.00 0.00 $ 250.00 700.46500.04330 Miscellaneous-Dues & Subscriptio 416.65 0.00 1,000.00 0.00 $ 1,000.00 700.46500.04390 Miscellaneous-Other 187.50 0.00 450.00 0.00 $ 450.00 Total Economic Development & Assistance Expen 2,103.80 1,314.00 3,900.00 3,098.11 801.89 Total EDA GENERAL FUND Expenditures $ 2,103.80 $ 1,314.00 $ 3,900.00 $ 3,098.11 $ 801.89 EDA GENERAL FUND Excess of Revenues Over Expend $ (2,020.45) $ 4,001.58 $ 15,100.00 $ 2,101.76 $ 12,998.24 13  Section 4, Item C. City of Hinckley 6/4/2026 8:32am Statement of Revenue and Expenditures Page 2 Revised Budget For the Fiscal Period 2026-5 Ending May 31, 2026 Previous YTD Previous YTD Annual YTD Remaining Account Number Budget Actual Budget Actual Budget Amount Total Revenues $ 83.35 $ 5,315.58 $ 19,000.00 $ 5,199.87 $ 13,800.13 Total Expenditures $ 2,103.80 $ 1,314.00 $ 3,900.00 $ 3,098.11 $ 801.89 Total Excess of Revenues Over Expenditures $ (2,020.45) $ 4,001.58 $ 15,100.00 $ 2,101.76 $ 12,998.24 14  6/3/2026 4:01pm Section 4, ItemPage C. 1 City of Hinckley Page Accounts Payable Check Register Report - Northview Bank (EDA)-1109024 For The Fiscal Periods Range From 2026-5 To 2026-5 For All Vendors And For Outstanding, Cleared, Voided Checks - Computer Generated, Hand Written, eCheck Check # / Type Date Vendor Name Amount Status eCheck ID 2252 C 5/19/2026 751 VISA $1,500.00 C Invoice Nbr - Description GL Account Amount 1032668 - Business Retention & Expansion (BRE) 700.46500.03080 $1,500.00 Course 2253 C 5/22/2026 2004 ZEMAN, DON $238.20 C Invoice Nbr - Description GL Account Amount 05222026 - Mileage/parking - BRE Training 700.46500.03310 $238.20 Cleared $1,738.20 Outstanding $0.00 Void $0.00 15  Section 4, Item D. 7/9/2026 2:06pm City of Hinckley Page 1 Balance Sheet For EDA GENERAL FUND (700) June 30, 2026 Assets Cash 700.00000.10100 Cash in Bank 50,953.17 700.00000.10105 Cash in Bank-Revolving Loan 33,227.87 Total Cash 84,181.04 Investments 700.00000.10400 Investment-RBC 1,052.66 700.00000.10402 Investment-Northview Bank 278,291.95 Total Investments 279,344.61 Receivables 700.00000.10500 Taxes Receivable-Current 141.56 Total Receivables 141.56 Total Assets $ 363,667.21 Liabilities and Fund Balance Total .00 Total Liabilties .00 700.00000.25100 Fund Balance $ 353,697.47 Total 353,697.47 Excess of Revenue Over Expenditures 9,969.74 Total Fund Balances 363,667.21 Total Liabilities and Fund Balances $ 363,667.21 16  Section 4, Item D. City of Hinckley 7/9/2026 2:09pm Statement of Revenue and Expenditures Page 1 Revised Budget For EDA GENERAL FUND (700) For the Fiscal Period 2026-6 Ending June 30, 2026 Previous YTD Previous YTD Annual YTD Remaining Account Number Budget Actual Budget Actual Budget Amount Revenues Taxes Revenues 700.31000.31010 Property Taxes $ 7,500.00 $ 0.00 $ 15,000.00 $ 8,183.10 $ 6,816.90 Total Taxes Revenues 7,500.00 0.00 15,000.00 8,183.10 6,816.90 Miscellaneous Revenues Revenues 700.36200.36210 Interest Earnings 100.02 5,576.21 4,000.00 5,444.40 $ (1,444.40) Total Miscellaneous Revenues Revenues 100.02 5,576.21 4,000.00 5,444.40 (1,444.40) Total EDA GENERAL FUND Revenues $ 7,600.02 $ 5,576.21 $ 19,000.00 $ 13,627.50 $ 5,372.50 Expenditures Economic Development & Assistance Expenditure 700.46500.02180 Operating Supplies-Events $ 375.00 $ 67.26 $ 750.00 $ 0.00 $ 750.00 700.46500.02190 Operating Supplies-Other 0.00 0.00 0.00 124.91 $ 0.00 700.46500.03010 Professional Services-Auditing & 833.00 814.00 850.00 844.65 $ 5.35 700.46500.03040 Professional Services-Legal Fees 250.02 0.00 500.00 0.00 $ 500.00 700.46500.03080 Professional Services-Instructors' 0.00 1,500.00 $ 0.00 700.46500.03190 Professional Services-Other 0.00 500.00 0.00 500.00 $ 0.00 700.46500.03220 Communication-Postage 49.98 0.00 100.00 0.00 $ 100.00 700.46500.03310 Transportation-Travel Expense 0.00 238.20 $ 0.00 700.46500.03430 Advertising-Other 124.98 0.00 250.00 0.00 $ 250.00 700.46500.04330 Miscellaneous-Dues & Subscriptio 499.98 0.00 1,000.00 0.00 $ 1,000.00 700.46500.04390 Miscellaneous-Other 225.00 0.00 450.00 450.00 $ 0.00 Total Economic Development & Assistance Expen 2,357.96 1,381.26 3,900.00 3,657.76 242.24 Total EDA GENERAL FUND Expenditures $ 2,357.96 $ 1,381.26 $ 3,900.00 $ 3,657.76 $ 242.24 EDA GENERAL FUND Excess of Revenues Over Expend $ 5,242.06 $ 4,194.95 $ 15,100.00 $ 9,969.74 $ 5,130.26 17  Section 4, Item D. City of Hinckley 7/9/2026 2:09pm Statement of Revenue and Expenditures Page 2 Revised Budget For the Fiscal Period 2026-6 Ending June 30, 2026 Previous YTD Previous YTD Annual YTD Remaining Account Number Budget Actual Budget Actual Budget Amount Total Revenues $ 7,600.02 $ 5,576.21 $ 19,000.00 $ 13,627.50 $ 5,372.50 Total Expenditures $ 2,357.96 $ 1,381.26 $ 3,900.00 $ 3,657.76 $ 242.24 Total Excess of Revenues Over Expenditures $ 5,242.06 $ 4,194.95 $ 15,100.00 $ 9,969.74 $ 5,130.26 18  7/9/2026 11:22am Section 4, ItemPage D. 1 City of Hinckley Page Accounts Payable Check Register Report - Northview Bank (EDA)-1109024 For The Fiscal Periods Range From 2026-6 To 2026-6 For All Vendors And For Outstanding, Cleared, Voided Checks - Computer Generated, Hand Written, eCheck Check # / Type Date Vendor Name Amount Status eCheck ID 2254 C 6/22/2026 796 INITIATIVE FOUNDATION $450.00 O Invoice Nbr - Description GL Account Amount VS-6174 - 2026 Funding Support 700.46500.04390 $450.00 2255 C 6/23/2026 673 Eide Bailly LLP $109.65 O Invoice Nbr - Description GL Account Amount EI02085104(700) - 2025 Financial Statement 700.46500.03010 $109.65 Audit - Final Billing Cleared $0.00 Outstanding $559.65 Void $0.00 19  Section 5, Item A. Preliminary 2027 Final 2027 Preliminary to 2022-2026 Budget and Actual Comparison (2026 actual is thru __________) 2023 Budget 2023 Actual 2024 Budget 2024 Actual 2025 Budget 2025 Actual 2026 Budget 2026 Actual Budget Budget Final Variance Notes: EDA General Fund Revenues Taxes Revenues 700.31000.31010 Property Taxes - - 15,000.00 14,774.32 15,000.00 14,806.09 15,000.00 8,183.10 15,000.00 15,000.00 - new source (.0185% levy max) 700.31000.31910 Penalties and Interest-Delinquent Taxes - - - - - - - - - 15,000.00 14,774.32 15,000.00 14,806.09 15,000.00 8,183.10 15,000.00 15,000.00 - Miscellaneous Revenues Revenues 700.36200.36210 Interest Earnings 200.00 312.16 100.00 6,056.95 200.00 10,994.37 4,000.00 5,444.40 - - - 700.36200.36213 Change in FMV of Investments - - - (13.84) - - - - - - 700.36200.36220 Rental Income 6,000.00 6,000.00 - - - - - - - - 700.36200.36230 Contributions and Donations - - - - - - - - - - 700.36200.36240 Reimbursements - 42.67 - - - - - - - - Other Financing Sources Revenues 6,200.00 6,354.83 100.00 6,043.11 200.00 10,994.37 4,000.00 5,444.40 - - - 700.39000.39101 Sale of Assets - - - - - - - - - - Total EDA General Fund Revenues 6,200.00 6,354.83 15,100.00 20,817.43 15,200.00 25,800.46 19,000.00 13,627.50 15,000.00 15,000.00 - Expenditures Economic Development & Assistance Expenditures 700.46500.02180 Operating Supplies-Events 750.00 181.34 750.00 - 750.00 124.91 750.00 - 750.00 750.00 - 700.46500.02190 Operating Supplies-Other - - - 305.53 - - - 124.91 840.00 840.00 - 700.46500.02230 R&M Supplies-Building Repair 500.00 1,285.00 - - - - - - - - - 700.46500.02280 R&M Supplies-Other - - 300.00 - - - - - - - - 700.46500.03010 Professional Services-Auditing & Accounting 750.00 1,396.00 1,500.00 762.00 833.00 814.00 850.00 844.65 950.00 950.00 - 700.46500.03030 Professional Services-Engineering Fees - - - - - - - - - - - 700.46500.03040 Professional Services-Legal Fees - 87.50 - 551.50 500.00 - 500.00 - 500.00 500.00 - SHRPA 700.46500.03080 Professional Services-Instructors' 1,500.00 1,000.00 1,000.00 - 700.46500.03190 Professional Services-Other - - - - - 500.00 - 500.00 500.00 500.00 - 700.46500.03220 Communication-Postage - - - - 100.00 - 100.00 - 100.00 100.00 - rvlf 700.46500.03310 Transportation-Travel Expense 238.20 - - - 700.46500.03430 Advertising-Other - - 250.00 - 250.00 - 250.00 - 250.00 250.00 - rvlf 700.46500.03620 Insurance-Property 1,194.00 1,278.98 - - - - - - - - - 700.46500.03810 Utility Services-Electric - - - - - - - - - - - 700.46500.03820 Utility Services-Water & Sewer 500.00 379.38 - - - - - - - - - 700.46500.03830 Utility Services-Gas - - - - - - - - - - - 700.46500.04090 R&M Contractual-Other - 3,218.50 - - - - - - - - - 700.46500.04310 Miscellaneous-Bank Charges - - - - - - - - - - - 700.46500.04330 Miscellaneous-Dues & Subscriptions 1,000.00 850.00 1,000.00 1,700.00 1,000.00 - 1,000.00 - 1,000.00 1,000.00 - East Central Regional Development 700.46500.04375 Miscellaneous-Property Taxes 750.00 560.00 - - - - - - - - - 700.46500.04390 Miscellaneous-Other - - 450.00 - 450.00 - 450.00 450.00 450.00 450.00 - Initiative Foundation 700.46500.05200 Cap Outlay-Buildings & Structures - - - - - - - - - - - Other Financing Uses Expenditures 5,444.00 9,236.70 4,250.00 3,319.03 3,883.00 1,438.91 3,900.00 3,657.76 6,340.00 6,340.00 - 700.49300.07200 Interfund Transfers - - - - - - - - - - Total EDA General Fund Expenditures 5,444.00 9,236.70 4,250.00 3,319.03 3,883.00 1,438.91 3,900.00 3,657.76 6,340.00 6,340.00 - EDA General Fund Excess of Revenues Over Exenditures 756.00 (2,881.87) 10,850.00 17,498.40 11,317.00 24,361.55 15,100.00 9,969.74 8,660.00 8,660.00 - 20 700 1  Section 5, Item B. City of Hinckley 106 First Street SE P. O. Box 366 Hinckley, MN [Tel] (320) 384.7491 [Fax] (320) 384.7492 www.hinckleymn.gov Agenda Item Main St Buildings Discussion Meeting Date July 14, 2026 Prepared By Leaha M. Jackson, City Administrator Background General discussion on Main St buildings Recommended Action Council Action: Motion by: ____________ Second by: ___________ Motion to: ________________________________________________________________________________________________________ ________________________________________________________________________________________________________ ________________________________________________________________________________ Voted in Favor: __________ Voted Against: ___________Approved: _______ Denied: _______ Tabled: _______ No Action: _______ 21  Section 6, Item A. Agenda Item #______ REQUEST FOR ECONOMIC DEVELOPMENT AUTHORITY (EDA) ACTION Meeting Date: July 14, 2026 Prepared By: Mark Perry, City Planner/Zoning Administrator Item Description: Housing Study Update – Initiative Foundation Grant The City of Hinckley was awarded grant funding from the Initiative Foundation to update our housing study. The City Council approved the grant application at their April meeting. We applied for grant funding to update the Housing Study last completed in 2018. Although we applied for the maximum grant amount of $10,000, we were awarded $5,000. We indicated in our grant application that we would accept partial funding if they were not able to grant the full amount. The Housing Study provides valuable information on our existing housing stock and demand for additional housing units in the City and surrounding area. This information is important to housing developers and financers in consideration of investing resources in housing development. The information in our 2018 Housing Study is considered outdated as developers generally rely on information not more than five years old. The study update will consider local demographics, including population ages and incomes, and needs for all types of housing including single-family, multi-family, workforce, and senior. The Initiative Foundation (IF) awards grants for projects and programs that empower people across Central Minnesota to build a thriving economy, vibrant communities and a lasting culture of generosity. Foundation grants support capacity-building projects for nonprofits, local units of government, schools, and economic and workforce development initiatives. The City has identified housing development as a means to support economic growth. We have prepared a draft Request For Proposals (RFP), attached, to gather proposals to update our housing information to better position the City to encourage and support investment in housing initiatives. The EDA should consider a motion to recommend the City accept the $5,000 grant from the Initiative Foundation to support the housing study update and release the RFP to update the City’s Housing Study. The EDA may be asked to help fund the once the proposals are received. EDA Action: Motion by: ____________ Second by: _____________ Motion to: ___________________________________________________________________________________________ ___________________________________________________________________________________________ ___________________________________________________________________________________________ Voted in Favor: __________ Voted Against: ___________ Approved: _________ Denied: ________Tabled: ________ No Action: ________ 22  Section 6, Item A. REQUEST FOR PROPOSALS – CITY OF HINCKLEY HOUSING NEEDS ANALYSIS 2026 The City of Hinckley is soliciting proposals from reliable consulting firms to conduct a Housing Needs Analysis Assessment. Background: The City of Hinckley is situated between three of Minnesota’s largest metropolitan areas:  Minneapolis/St. Paul to the south,  Duluth/Superior, WI to the north, and  St. Cloud to the west. Many communities within the region are seeking new/increased housing, economic, and community development capacity. Rural communities in the region have limited resources to meet their changing housing needs in the current economy. To facilitate this work, the City has expressed a need for, and interest in, pursuing a housing and community development plan. The first task is the preparation of an updated housing study informed by demographics and the current market conditions. Purpose: The City of Hinckley seeks to engage a consultant to prepare a Housing Needs Assessment. The selected consultant will be requested to update the most recently available housing needs analysis report identified as the “City of Hinckley Housing Study” completed in June 2018. The consultant will be provided access to this study by the City. Scope: The consultant will be expected to conduct a thorough County and City level examination of demographic and housing market information to determine the existing and potential market demand throughout the City. This analysis at a minimum should include: 1. Demographic Analysis a. Population and Household data including growth trends and projections. b. Employment including job growth projections, industrial/economic expansions, natural resources promoting tourism, wage data, transportation corridors, and regional connectivity or deficiencies. c. Age distribution d. Income 2. Housing Analysis including building permit data, age of housing, housing conditions, and number of units per structure. 23  Section 6, Item A. 3. For Sale Market Analysis including information on housing values, sales data, subdivision data, information deemed relevant to the for-sale housing market. 4. Rental Market Analysis including information on existing rental properties related to rents, vacancies, and amenities. Also include information on pending developments and interview local Realtors on rental housing needs. 5. Senior Market Analysis including information on existing properties related to rents, vacancies, services and amenities, and resident profiles. Also identify information on pending developments. 6. Recommendations should include a review of the findings and identification of market demand based on analysis in the for-sale, rental and senior housing markets and any other housing needs that are identified. (i.e. homeless youth, shelters, etc.) This information will be shared with decision-makers and funders providing them with a better understanding of the City’s current housing market by providing credible data and background information that can be used to support specific housing initiatives, and/or to develop programs that address the City’s housing needs. The ideal candidate will use both primary data (gathered through surveys and in-person interviews) and secondary data research. Detailed recommendations should include:  Short-term and long-term growth projections;  Total number of residential units and vacant lots;  The residential unit mix, sizes, rents and occupancy;  Housing characteristics, age and conditions;  Residential sale prices, resale values, and foreclosures;  Specific housing features or amenities;  Existing employment opportunities; wages; and growth potential;  The City’s “competitiveness” indicating its economic and housing strengths, weaknesses and needs. Timeline: Response to this RFP must be received by the City of Hinckley at the designated address no later than __________, 2026. The City expects to select a consultant no later than ____________, 2026. The Housing Needs Analysis shall be completed no later than ______________, 202__. 24  Section 6, Item A. Submittal Requirements: Respondents should include a Statement of Qualifications which describes their background, skills and previous work experience, including references. Respondents shall also provide one copy of the proposal, along with one example of a completed Housing Study similar in scope to that being proposed in this RFP. Selection Criteria: All responses will be evaluated based on total cost of the proposed work, the stated ability to comply with the time line prescribed in this RFP, and the extent to which the proposed Housing Needs Analysis best meets the objectives of the City of Hinckley, in its best judgment, as specified in the Purpose and Background sections of this RFP. Contingencies: The City of Hinckley intends to proceed with the proposed Housing Needs Assessment provided the work can be completed within its budget. The City of Hicnkley reserves the right to negotiate a revised scope of work with the selected consultant in order to complete the study with available resources. The decision on whether or not to proceed will be made at the sole discretion of the City of Hinckley. Contact: The City of Hinckley will serve as the single point of contact for all respondents. Any questions relative to the RFP should be sent via email to Mark Perry or Leaha Jackson at planner@cityofhinckley.com or cityadmin@cityofhinckley.com For U.S. Post Office delivery or via Fed/Ex, UPS or similar carrier, mail or deliver your proposal to: City of Hinckley PO Box 366 106 First St. SE Hinckley, MN 55037 25  Section 6, Item A. From: Initiative Grants <grants@ifound.org> Sent: Wednesday, June 17, 2026 4:09 PM To: Mark Perry <planner@cityofhinckley.com> Subject: Initiative Foundation Grant Agreement Assigned - Action Required Dear Mark, Congratulations! You have been awarded $5,000 for your Economic, Community, & Workforce Development Grant titled Housing Study Update. Please log in to the Initiative Foundation's community portal to review and complete the grant agreement as part of your grant requirements. The grant agreement explains the conditions of the award as well as the reporting requirements, please read the grant agreement carefully. We Want to Share Your Story As your grant closes out, the Initiative Foundation will ask you to share a story and photo(s) that highlight a client or organizational success. We encourage you to think early and often about the good work your grant will do and and share a story and photo(s) that showcase your impact in the region. We also encourage you to secure a media release from the subjects who appear in your story and photo(s). Photos should be 500KB or larger to ensure we capture your impact. Working together we can spread the word of your organization's efforts to the wider region through Initiative Foundation media content, including IQ Magazine, social media (Facebook, LinkedIn, Twitter) and multiple monthly newsletters. Thank you. If you have media questions, or you have a story that needs to be told sooner rather than later, please send an email to Bob McClintick, marketing and communication director or Allison Norgren, marketing and communications specialist. To share news of your grant with local media and on social media, please consult the Initiative Foundation's News Release and Social Media Tips document. Thank you! NOTE: Any educational, promotional, or other project-related print and/or electronic content must say the following: "This project was funded in part by the Initiative Foundation, a regional community foundation. Learn more at ifound.org." 26  Section 6, Item B. City of Hinckley 106 First Street SE P. O. Box 366 Hinckley, MN [Tel] (320) 384.7491 [Fax] (320) 384.7492 www.hinckleymn.gov Agenda Item Business Retention and Expansion (BRE) Course- May 20-21, 2026, Update Meeting Date July 14, 2026 Prepared By Leaha M. Jackson, City Administrator Background Mayor Don Zeman, City Administrator Leaha Jackson, and Administrative Assistant Kristy Hosler attended the BRE course offered by the University of MN Extension Office Department of Community Development. This was an intensive but brief overview of UofM’s Connecting Businesses and Community (CBC) approach to BRE. A few of the takeaways were:  Most jobs are our current businesses  CBC is not just about the relationships and information gained. It is about the steps/programs developed to act on 3-5 actionable items  The program really needs at least 30 participants/interviews to take the “noise” out of the data  The program helps build community capacity to sustain growth and development through a working team of volunteers and business by in  The program takes about 2-7 years depending on the actionable items. Initial phase 9-16 months and implementation phase 1-5 years Even if we do not take on the CBC model, one goal would be to continue to move forward with developing the personal approach to our businesses to let them know we are there to help them and what resources we may have or can direct them to. Recommended Action None, informational Council Action: Motion by: ____________ Second by: ___________ Motion to: ________________________________________________________________________________________________________ ________________________________________________________________________________________________________ ________________________________________________________________________________ Voted in Favor: __________ Voted Against: ___________Approved: _______ Denied: _______ Tabled: _______ No Action: _______ 27  Section 8, Item A. Pine County SMALL BUSINESS SERIES Bookkeeping for Starting a Small Legacy Planning Non-Accountants Business 101 Unpacking transition Demystifying bookkeeping Breaking down business planning and how to and how to use financial planning and the basic steps successfully pass on your statements to make stronger of starting a business in business to new owners business decisions Minnesota October 8 September 17 September 29 10 a.m. - 12 p.m. 11 a.m. - 1 p.m. 11 a.m. - 1 p.m. Pine County Courthouse Pine County Courthouse Pine County Courthouse Buying a Business Led by Pam Thomsen, North Central SBDC Professional Led by Katie Heppner, North Basics Central SBDC Regional Director Business Consultant Walking through how to buy an existing business and determine what purchase is Offered at no charge. right for you Register at www.northcentralsbdc.com/workshops-and- October 8 events 1 p.m. - 3 p.m. Pine County Courthouse Presented by the North Central Small Business Development Center in Led by Mike Paulus, North partnership with Pine County HRA-EDA and the cities of Hinckley, Pine City, Central SBDC Professional and Sandstone Business Consultant 28