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2026.02.17 Regular Meeting MinutesMinutes of the Economic Development Authority of the City of Crystal Regular Meeting 1.Call to Order Council Chambers 4141 Douglas Dr. N. February 17, 2026 President Cummings called the meeting of the Economic Development Authority of the City of Crystal (EDA) to order at 8:02 p.m. 2. Roll Call Upon call of the roll, the following Commissioners were present: John Budziszewski, David Cummings, Julie Deshler, Traci Karnish, Therese Kiser and Taji Onesirosan. The following staff were present: Executive Director Adam Bell, Deputy Executive Director John Sutter, and City Attorney Pam Whitmore. 3.Approval of Minutes EDA action: Moved by Commissioner Deshler (Kiser) to approve the minutes from the January 6, 2026 annual organizational meeting. Motion carried. 4.Consider a resolution approving a redevelopment plan modification for Tax Increment Financing District #6 (Wells Fargo). EDA action: Moved by Commissioner Karnish and seconded by Commissioner Kiser to adopt the resolution approving a modification to the redevelopment plan for redevelopment project No. 1 a tax increment financing plan relating to the establishment of tax increment financing district No. 6 (Wells Fargo). Motion carried. 5.Consider a resolution approving an interfund loan for advance of certain costs in connection with Tax Increment Financing District #6 (Wells Fargo). EDA action: Moved by Commissioner Karnish and seconded by Commissioner Budziszewski to adopt the resolution authorizing internal loan for advance of certain costs in connection with Tax Increment Financing District #6 (Wells Fargo). Motion carried. Page 1 of 3 6.Consider an Assignment, Assumption, Modification and Release Agreement regarding the Declaration of Restrictive Covenants for The Cavanagh, 5401 51st Ave. N. The EDA considered a resolution approving the assignment and assumption of certain owner obligations under the declaration of restrictive covenants relating to the Cavanagh project. EDA action: Moved by Commissioner Kiser and seconded by Commissioner Budziszewski to adopt the resolution approving the assignment and assumption of certain owner obligations under the declaration of restrictive covenants relating to the Cavanagh project . Motion carried. 7.Presentation of the 2025 Annual Report No EDA action 8.Discussion regarding the 2026 Work Plan No EDA action 9.Preview of upcoming EDA items On March 17 or April 7, the EDA will consider approving the 2026 work plan. 10.Property Status Update Staff answered questions about the four unit building at 4741 Welcome Ave. N., renovated house at 4553 Welcome Ave. N., vacant Cities Auto at 5630 Lakeland Ave. N., and vacant Big 0 Tires at 5500 West Broadway. 11 Other Business There was no other business. 12.Adjournment Moved by Commissioner Budziszewski (Kiser) to adjourn the meeting. Motion carried. The meeting adjourned at 9:19 p.m. Page 2 of 3 These minutes of the February 17, 2026 meeting of the Crystal Economic Development Authority were approved by the Authority on March 17, 2026. Jr�� Dav�rnings,PITTiden ATTEST: Therese Kiser, Secretary Page 3 of 3