## AGENDA ## Economic Development Authority Monday, January 12, 2026 (following the Council Meeting at 6 p.m.) ## Mayo Clinic Health System Event ## Center ## (Banquet Hall West) 1.Call Meeting to Order 2.Approval of Agenda 3.Approval of Minutes ## Economic Development Authority Meeting of December 8, 2025 ## 4.Economic Development Authority Business A.Resolution approving the 2026 Public Housing Capital Fund program. B.Resolution adopting Housing Choice Voucher Utility Allowance Schedule for 2026. C.Resolution authorizing support for the voluntary transfer of the Housing Choice Voucher ## program from the South-Central MN Multi-County HRA to the Economic Development Authority of Mankato, Minnesota. 5.Adjournment ## MINUTES ## Mankato Economic Development Authority ## Regular Meeting December 8, 2025 - 8:05 p.m. ## IGC - Mankato Room 1.Call Meeting to Order ## Members Present: Mike Laven, Dennis Dieken, Michael McLaughlin, Jenn Melby-Kelley, Jessica Hatanpa, Kevin Mettler, and Chair Najwa Massad. ## Staff Present: Executive Director Susan Arntz, Community Development Director ## Mark Konz, Economic Development Coordinator Courtney Kramlinger, Housing Coordinator Nicole Cunningham, and City Clerk Renae Kopischke. 2.Approval of Agenda Ms. Hatanpa moved and Mr. McLaughlin seconded a motion to approve the agenda as written. The motion carried unanimously. 3.Approval of Minutes Ms. Hatanpa moved and Mr. McLaughlin seconded a motion to approve the Economic Development Authority minutes of the Regular Meeting of October 14, 2025, as written. The motion carried unanimously. ## 4.Economic Development Authority Business A.Ms. Arntz reported on the Mankato EDA annual operating budget. She indicated that the proposed 2026 operating budget is identical to the budget adopted in 2025. Upon approval, the budget and accompanying resolution will be submitted to HUD with the annual operating subsidy request. Mr. McLaughlin moved and Mr. Mettler seconded a motion to approve the Resolution approving the 2026 Public Housing Operating Budget. The motion carried unanimously. B.Ms. Kramlinger stated that on August 13, 2018, the Mankato Economic Development Authority (EDA) approved a City Center Renaissance (CCR) loan for Cultivate Mankato, LLC (Cultivate) in the amount of up to $125,000 to finance a portion of leasehold improvement costs for the property located at 227 East Main Street. She noted that subsequently, on February 11, 2019, the EDA approved an amendment to increase the loan by an additional $75,000 to support the installation of a fire suppression system, as required by the State Fire Marshall. Ms. Kramlinger indicated that on December 13, 2021, the EDA approved a further amendment to defer loan payments at 0% interest until January 2023 and payments resumed via ACH on the 15th of each month. She commented that in 2024, Cultivate Mankato requested to transition to a bank bill-pay system to allow for more flexible payment scheduling, and a…