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AGENDA Economic Development Authority Monday, September 14, 2026 (following the 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. Report on Change Order 1 for Capital Improvement Project 11139; Orness Plaza Heat Pumps Phase 3.

B. Motion considering Change Order 1 on Capital Improvement Project 11204; Mankato Scattered Sites EDA RAD Conversion Improvements.

C. Preliminary review of possible tax abatement assistance.

D. Motion setting October 13, 2026 as the date of hearing to consider a loan request from Verdant Agritech LLC (DBA Verdant Organics) to purchase equipment.

E. Resolution requesting the establishment of a property tax levy for the Economic Development Authority for property taxes to be collected during the 2027 fiscal year.

F. Public hearing and Resolution approving the 2027 Annual Agency Plan.

Sep 14, 2026 Economic Development Authority

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AGENDA Economic Development Authority Monday, September 14, 2026 (following the 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. Report on Change Order 1 for Capital Improvement Project 11139; Orness Plaza Heat Pumps Phase 3.

B. Motion considering Change Order 1 on Capital Improvement Project 11204; Mankato Scattered Sites EDA RAD Conversion Improvements.

C. Preliminary review of possible tax abatement assistance.

D. Motion setting October 13, 2026 as the date of hearing to consider a loan request from Verdant Agritech LLC (DBA Verdant Organics) to purchase equipment.

E. Resolution requesting the establishment of a property tax levy for the Economic Development Authority for property taxes to be collected during the 2027 fiscal year.

F. Public hearing and Resolution approving the 2027 Annual Agency Plan.

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