Economic Development Authority Meeting

ECONOMIC DEVELOPMENT AUTHORITY MEETING AGENDA City of New Prague Wednesday, February 11, 2026 at 7:30 AM City Hall Council Chambers - 118 Central Ave N 1. CALL TO ORDER 2. CONSENT AGENDA a. January 14, 2026 EDA Meeting Minutes b. Claims for Payment: $1,354.92 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 #EDA-26-02-11-01 - Approving Sale of Land and Purchase and Development Agreement between the Authority and Aventus Investments, LLC c. Purchase and Development Agreements - Lots 4 & 5 4. ANNUAL COMMUNITY DEVELOPMENT REPORTS a. Vacant Lot Inventory b. Annual Business Inventory c. Rental Licensing Map d. 2025 Growth Statistics 5. INDUSTRIAL PARK a. Industrial Park Analysis 6. FUTURE EDA ENDEAVORS a. February 11, 2026 7. BUSINESS RETENTION AND EXPANSION (BR&E) PROGRAM 8. BUSINESS UPDATES a. February 2026 9. CDA UPDATE 10. SCHOOL DISTRICT UPDATE 11. EXECUTIVE DIRECTORS REPORT 12. MISCELLANEOUS 13. ADJOURNMENT Next Meeting: Wednesday, March 11, 2026 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