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AGENDA Economic Development Authority Monday, May 11, 2026 (following Council Meeting at 6 p.m.) IGC - Council Chambers

1. Call Meeting to Order

2. Approval of Agenda

3. Approval of Minutes

4. Economic Development Authority Business

A. Resolution considering bids on Capital Improvement Project 11237; Mankato Orness Plaza RTU Replacement.

B. Resolution adopting Tax Abatement Policy.

C. Resolution authorizing the Executive Director to enter into a Housing Trust Fund Grant Agreement with the Connections Shelter for summer shelter expansion.

D. Resolution authorizing the Executive Director to enter into an Intergovernmental Agreement with the Economic Development Authority of Blue Earth County.

E. Resolution approving Property Management Agreement with Blue Earth County for Affordable Housing units.

F. Resolution authorizing the Rental Assistance Demonstration (RAD) / Section 18 Conversion and Disposition to the City of Mankato.

G. Resolution approving Housing Trust Fund Rental Assistance Demonstration (RAD) Conversion Cashflow Loan for BEC RAD Conversion.

H. Resolution approving Memorandum of Understanding for Coordinated Entry Navigation Services.

May 11, 2026 Economic Development Authority

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AGENDA Economic Development Authority Monday, May 11, 2026 (following Council Meeting at 6 p.m.) IGC - Council Chambers

1. Call Meeting to Order

2. Approval of Agenda

3. Approval of Minutes

4. Economic Development Authority Business

A. Resolution considering bids on Capital Improvement Project 11237; Mankato Orness Plaza RTU Replacement.

B. Resolution adopting Tax Abatement Policy.

C. Resolution authorizing the Executive Director to enter into a Housing Trust Fund Grant Agreement with the Connections Shelter for summer shelter expansion.

D. Resolution authorizing the Executive Director to enter into an Intergovernmental Agreement with the Economic Development Authority of Blue Earth County.

E. Resolution approving Property Management Agreement with Blue Earth County for Affordable Housing units.

F. Resolution authorizing the Rental Assistance Demonstration (RAD) / Section 18 Conversion and Disposition to the City of Mankato.

G. Resolution approving Housing Trust Fund Rental Assistance Demonstration (RAD) Conversion Cashflow Loan for BEC RAD Conversion.

H. Resolution approving Memorandum of Understanding for Coordinated Entry Navigation Services.

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