CGEDA 11-19-25
Wednesday, November 19, 2025
Economic development status update
Intermediate zone water treatment plant construction progress
Water tower construction on Highway 61
School district capital projects (Park High, Ultman Middle, Cottage Grove Middle)
Speedway site remediation and future development
TIF agreement amendment for Roars Cottage Grove Apartments LLC
Assignment of Tax Increment Financing agreement
Community holiday event announcements
Votes (3)
Approval of EDA meeting minutes for A12 2025
Moved by Olsen · Seconded by Katada
Approve amended and restated contract for private development for Roars Cottage Grove Apartments LLC
Moved by Katada · Seconded by Latac
Approve the assignment of tax increment financing agreement
Moved by Cheetah · Seconded by Katada
Notable Quotes (3)
Economic activity was flat to slightly down since the previous report. Wage growth was modest overall with some signs of slowing.
This water tower is actually critical for growth in our industrial park, as we continue to attract users.
This is their largest fundraiser of the year. They get about 30% of their annual funding from the holiday train event.
People (6)
Presiding over the EDA meeting.
Provided updates on economic conditions and city construction projects.
Participated in meeting and announced upcoming holiday events.
Moved to approve the Roars apartment contract amendment.
Seconded the motion for the Roars apartment contract.
Moved to approve the TIF agreement assignment.
Places Mentioned
Events & Meetings (4)
- November 19, 2025: EDA Meeting
- December 4, 2025: Hometown Holiday Celebration at City Hall
- December 7, 2025: Cottage Grove Lions Santa event at VFW
- December 13, 2025: Holiday Train arrival at Youth Service Bureau