Economic Development Authority Meeting

ECONOMIC DEVELOPMENT AUTHORITY MEETING AGENDA City of New Prague Wednesday, November 13, 2024 at 7:30 AM City Hall Council Chambers - 118 Central Ave N 1. CALL TO ORDER 2. CONSENT AGENDA a. October 9, 2024, EDA Meeting Minutes October 9, 2024, EDA Meeting Minutes - Closed October 16, 2024, EDA Meeting Minutes - Closed b. Claims for Payment: $150.00 3. CONSIDER EDA SALE OF LOT 5, BLOCK 2, NEW PRAGUE BUSINESS PARK 11TH ADDITION, SCOTT COUNTY, MINNESOTA TO Q5 PROPERTIES, LLC a. Public Hearing at 7:30 a.m. b. Resolution Number 2024 - No. 1 - Approving Sale of Land and Purchase and Development Agreement between the Authority and Q5 Properties, LLC 4. CONSIDER EDA SALE OF LOT 3, BLOCK 2, NEW PRAGUE BUSINESS PARK 11TH ADDITION, SCOTT COUNTY, MINNESOTA TO RURAL COMMUNICATIONS HOLDING CORPORATION a. Public Hearing at 7:30 a.m. b. Resolution Number 2024 - No.2 - Approving Sale of Land and Purchase and Development Agreement between the Authority and Rural Communications Holding Corporation 5. COMPREHENSIVE PLAN OVERVIEW a. Presentation b. Plan 6. MHFA 2025 MINNESOTA CITY PARTICIPATION PROGRAM a. Memo MCPP 7. FUTURE EDA ENDEAVORS a. November 13, 2024 8. BUSINESS RETENTION AND EXPANSION (BR&E) PROGRAM 9. BUSINESS UPDATES a. November 2024 10. CDA UPDATE 11. SCHOOL DISTRICT UPDATE 12. EXECUTIVE DIRECTORS REPORT 13. MISCELLANEOUS 14. ADJOURNMENT Next Meeting: Wednesday, December 11, 2024 OUR MISSION IS TO PROMOTE AND FACILITATE ECONOMIC DEVELOPMENT IN THE NEW PRAGUE AREA: * Strengthen existing businesses and non-profits * * Create an environment conducive to new economic development * * Create long term funding strategy * Brent Quast, President Term Ending 5/31/26 (*Partial Term) Troy Pint, Vice President Term Ending 5/31/27 Eric Krogman, Secretary Term Ending 5/31/25 Nick Slavik Term Ending 5/31/24 Austin Reville Term Ending 5/31/29 Duane Jirik, Mayor Bruce Wolf, Councilmember Joshua Tetzlaff, City Administrator & Executive Director