## AGENDA ## Economic Development Authority Monday, June 8, 2026 (following the Council Meeting at 6 p.m.) ## IGC - Council Chambers 1.Call Meeting to Order 2.Approval of Agenda 3.Approval of Minutes ## Economic Development Authority Meeting of May 11, 2026 ## 4.Economic Development Authority Business ## A.Resolution amending Commercial Rehabilitation Program Guidelines and Policies to increase the maximum loan amount to $50,000. B.Resolution authorizing support for Phase VI of the PCLT seeking MN Housing funding to implement services of the community land trust. C.Resolution approving authorized signatories for the Bring It Home Rental Assistance Program. D.Resolution approving the authorized signature and designation of an authorized representative for HUD Program Administration. E.Resolution authorizing the Executive Director to enter into a Project Rebate Agreement with Centerpoint Energy and to participate in the “Commercial Hybrid Heating Pilot Rebate ## Program” for Capital Improvement Project 11237; Mankato Orness Plaza Rooftop Unit Replacement. 5.Adjournment ## MINUTES ## Mankato Economic Development Authority ## Regular Meeting May 11, 2026 - 7:27 p.m. ## IGC - Council Chambers 1.Call Meeting to Order Members Present: Jenn Melby-Kelley, Kevin Mettler, Mike Laven, Dennis Dieken, Michael McLaughlin, and Chair Najwa Massad. Members Excused: Jessica Hatanpa. Staff Present: Executive Director Susan Arntz, Community Development Director Mark Konz, ## Associate Director of Housing and Economic Development Nancy Bokelmann, Economic ## Development Coordinator Courtney Kramlinger, Construction/Facilities Services Director Jim Tatge, Facilities Manager Dustin Bornholdt, and Clerk Renae Kopischke. 2.Approval of Agenda Mr. Mettler moved and Mr. McLaughlin seconded a motion to approve the agenda as written. The motion carried unanimously. 3.Approval of Minutes Ms. Melby-Kelley moved and Mr. Laven seconded a motion to approve the Economic Development Authority minutes of the Regular Meeting of April 13, 2026, as written. The motion carried unanimously. ## 4.Economic Development Authority Business A.Resolution considering bids on Capital Improvement Project 11237; Mankato Orness Plaza RTU Replacement. B.Mr. Konz reported that the EDA reviewed a draft tax abatement policy and application on April 13, 2026, due to an increase in tax abatement inquiries and the need for clearer guidance on the use of the financing tool. He indicated that the EDA discussed whether certain project types should be excluded from eligibility, and after consulting with the City Attorney, staff determined that while the city may exclude specific uses, flexibility should remain for projects that offer unique public benefits or incentives. He noted that the city is not obligated to approve tax abatements, and any approval must demonstrate that the public benefits meet or exceed the associated costs and satisfy at least one public purpose criterion under Minnesot…