07 14 25 EDA Meeting
Friday, August 15, 2025
Approval of March 10th, 2025 EDA meeting minutes
Downtown purchase agreement status update
Review of revised concept site plan for city-owned property at Main and Maple
Discussion of 5210 Main Street East acquisition status and counter-offer
Evaluation of 71-unit market rate apartment development proposal
Tax increment financing (TIF) eligibility and district establishment process
Votes (3)
Adopt tonight's agenda
Moved by Francis · Seconded by Bureick
Approve March 10th, 2025 EDA meeting minutes
Moved by Berk · Seconded by Francis
Approve revised purchase agreement and concept site plan
Moved by Bureick · Seconded by Duca
Notable Quotes (2)
One of the biggest items that we worked through um was the idea that the city would have the ability essentially um to take possession of or retake possession of the city property should the developer not be able to meet the requirements.
After this step, I think we sit down with Northland and really vet that tiff number out, make sure the gap can be covered.
People (3)
Presented the revised concept plan and purchase agreement details for the downtown redevelopment project.
Representative of Northshore Development Partners working on the apartment complex redevelopment.
Inquired about incorporating City Hall space and the 26-year TIF duration.
Places Mentioned
Events & Meetings (2)
- Monday, July 14th, 2025 at 7:00 p.m.
- March 10th, 2025 (Previous meeting referenced)