10 13 25 Economic Development Authority Meeting
Saturday, November 15, 2025
Downtown redevelopment project status
Tax increment financing (TIF) analysis and subsidy negotiation
Phase two environmental investigation (vapor testing)
Substandard building certification for the museum
Developer pro-forma review and return on investment
Sewer access charge (SAC) credit evaluation
Votes (2)
Adopt evening's agenda
Carried6-0
Moved by Francis · Seconded by Berock
Approve minutes of September 8th meeting
Carried6-0
Moved by Francis · Seconded by Warden
Notable Quotes (2)
If we drop by 300,000 that takes you below that threshold.
TIF SubsidyDiscussing the impact of subsidy requests on the city's borrowing power.
I would be willing to go with a 5% difference here. Especially because there is a lot of unknown with it.
TIF SplitAgreeing to a 75/25 TIF split negotiation strategy.
People (6)
MarkCity Planner
Managing negotiations with the developer and environmental consultants.
FrancisBoard Member
Participated in voting and discussions regarding project financial viability.
BerockCommissioner
Advocated for keeping city fees in place and managing TIF risk.
WardenCommissioner
Involved in financial deliberations regarding the 75/25 TIF split.
CoanderAdministrator
Attending and recording meeting minutes.
TammyConsultant
Analyzed developer pro-formas and TIF impacts.
Places Mentioned
Maple and MaineHenipin CountyCBD area (Central Business District)Museum building site
Events & Meetings (2)
- October 13th, 7:00 PM: Economic Development Authority meeting
- September 8th: Previous EDA meeting