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## Agenda Page 1
## AGENDA
## CHASKA ECONOMIC DEVELOPMENT AUTHORITY
## CHASKA CITY HALL - COUNCIL CHAMBERS & ZOOM
Monday, June 15, 2026
## IMMEDIATELY FOLLOWING CITY COUNCIL MEETING
1. Call to Order
## 2. Roll Call
## 3. Adopt Agenda
## 4. Approve Previous Meeting Minutes
4.A. Meeting Minutes 05-04-2026
## 5. Discussion Items
## 5.A. Approve Purchase Agreement with American Legion for Property
5.B. Adopt Resolution EDA 2026-58 Ratifying the Sale of Chaska EDA Series
2026A Bonds
## 6. Other Business
7. Adjourn
Page 1 of 224
## DRAFT
## - MINUTES -
## CHASKA ECONOMIC DEVELOPMENT AUTHORITY
## MAY 4, 2026
1. Call to Order
The meeting was called to order by President Hubbard at 8:07 p.m.
## 2. Roll Call
Roll call was taken. Present: President Hubbard and Commissioners Benesh, Hatfield, Grau, and
Sheveland.
Absent: None.
Also Present: Matt Podhradsky, Executive Director and Elise Durbin, Assistant Executive Director.
## 3. Adopt Agenda
Motion by Commissioner Hatfield, second by Commissioner Grau to adopt the agenda as
presented.
Motion carried.
## 4. Approve Previous Meeting Minutes
4.A. Meeting Minutes 03/30/2026 and 04/20/2026
Motion by Commissioner Sheveland, second by Commissioner Benesh to approve the minutes
from March 30, 2026, and April 20, 2026.
Motion carried.
## 5. Discussion Items
5.A. Adopt Resolution No. 2026-37 Authorizing Issuance and Sale of Bonds for Series 2026A
Executive Director Podhradsky presented this item to the Economic Development Authority.
Commissioner Sheveland added that they would be pressed this year with the Public Safety
around Costco, and all the different things coming in. Executive Director Podhradsky stated
that it is a huge indicator of economic success, along with the Industrial Park.
President Hubbard noted that it is exciting that this process is moving forward.
Motion by Commissioner Benesh, second by Commissioner Hatfield to adopt Resolution No. EDA
2026-37, Authorizing Issuance of lease revenue bonds, Series 2026A.
Motion carried.
5.B. Approve Downtown Building Improvement Program Loan Application from Keyport
## Properties LLC for 3115 Chaska Boulevard (Historic Chaska Depot)
Executive Director Podhradsky introduced Assistant Executive Director Elise Durbin to present
this item to the Economic Development Authority. Ms. Durbin presented the item to the
Economic Development Authority.
Page 2 of 224
## MINUTES-CHASKA CITY COUNCIL
May 4, 2026 PAGE 2 DRAFT
Commissioner Sheveland noted that it is exciting that new life is coming into such a prominent
corner in downtown.
President Hubbard asked Mr. Keyport to come up and speak. Mr. Keyport noted that while it is
tragic what happened to the building, the silver lining is that this is an opportunity to rejuvenate
the entire building, and this loan program makes that a possibility.
President Hubbard stated she appreciates Mr. Keyport being …