Economic Development Authority Meeting

ECONOMIC DEVELOPMENT AUTHORITY MEETING AGENDA City of New Prague Wednesday, November 19, 2025 at 7:30 AM City Hall Council Chambers - 118 Central Ave N 1. CALL TO ORDER 2. CONSENT AGENDA a. October 8, 2025 Regular EDA Meeting Minutes October 20, 2025 Closed EDA Meeting Minutes b. Claims for Payment: $800.25 3. PUBLIC HEARING - PROPOSED SALE OF LAND a. Proposed Sale of Land to Aventus Investments LLC PID No. 24.124.0050 & 24.124.0060 701 & 703 6th Street NW b. Resolution #25-11-19-01 - Approving Sale of Land and Purchase and Development Agreement between the Authority and Adventus Investments, LLC Resolution #25-11-19-02 - Approving Sale of Land and Purchase and Development Agreement between the Authority and Adventus Investments, LLC c. Purchase and Development Agreements - Lots 4 & 5 4. MHFA 2026 MINNESOTA CITY PARTICIPATION PROGRAM a. Memo MCPP 5. BUSINESS RETENTION AND EXPANSION (BR&E) PROGRAM 6. BUSINESS UPDATES a. November 2025 7. CDA UPDATE 8. SCHOOL DISTRICT UPDATE 9. EXECUTIVE DIRECTORS REPORT 10. MISCELLANEOUS 11. ADJOURNMENT Next Meeting: Wednesday, December 10, 2025 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 Troy Pint, Vice President Term Ending 5/31/27 Eric Krogman, Secretary Term Ending 5/31/31 Nick Slavik Term Ending 5/31/30 Austin Reville Term Ending 5/31/29 Charles Nickolay, Mayor Bruce Wolf, Councilmember Joshua Tetzlaff, City Administrator & Executive Director