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2025.09.16 Regular Meeting MinutesMinutes of the Economic Development Authority of the City of Crystal Regular Meeting Council Chambers 4141 Doualas Dr. N. September 16, 2025 Call to Order President Eidbo called the meeting of the Economic Development Authority of the City of Crystal (EDA) to order at 6:45 p.m. 2. Roll Call Upon call of the roll. the following Commissioners were present: John Budziszewski, David Cummings. Julie Deshler, Forest Eidbo, Traci Kamish, Therese Kiser and Ta_ji Onesirosan. The followino staff were present: Executive Director Adam Bell, Deputy Executive Director John Sutter and City Attorney Rachel Tierney. 3, Approval of Minutes Moved by Commissioner Budziszewski (Deshler) to approve the minutes from the August 19, 2025 regular meeting. Motion carried. 4. Consider approval of a resolution adopting a preliminary 2026 HRA tax levy and EDA bud<,et State presented the preliminary 2026 HRA levy and EDA budget, answered questions from the board. and requested approval by the board. EDA action Moved by Commissioner Budziszewski (Kamish) to approve a resolution adopting a preliminary 2026 HRA tax levy and EDA budget. Motion carried. Preview of upcoming EDA items Staff informed the EDA that there are no anticipated EDA items at this time. Paae 1 of 3 6. Property Status Update Staff informed the board of the following: Yellow Tree continues to work on a proposal to develop an apartment building on the former Wells Fargo site at 7000 56°i Ave. N. They will present an updated development concept at the Oct. 9 Council work session. They intend to submit the land use and development assistance applications for consideration during this winter so they could start construction in spring or summer 2026. The first sale has occurred of the ei,,ht townhomes on the former EDA site at the northwest corner of 34`" Ave. N. and Douglas Dr. N. The sold unit is the south end unit and the sale price was $375.000. All of the eight rental townhomes recently completed at 6205-6219 36"' Ave. N. have been rented. The cabinet wraps have been completed and staff is waiting to hear back from the artists regarding their preferences for recognition by the city in appreciation for their donated artwork. 7. Other Business There was no other business. S_ Adjournment Moved by Commissioner Budziszewski (Kiser) to adjourn the meeting. Motion carried. The meeting adjourned at 6:55 p.m. Page 2 of 3 These minutes of the September 16. 2025 meeting of the Crystal Economic Development Authority \Vere approved by the Authority on November 18. 2025. ATTEST: Traci Karnish. Secretary Page 3 of 3