HomeMy WebLinkAbout2026/06/01 - ADMIN - Minutes - Economic Development Authority - RegularOfficial minutes
EDA meeting
St. Louis Park, Minnesota
June 1, 2026
1. Call to order.
President Farris called the meeting to order at 6:02 p.m.
a. Roll call
Commissioners present: Daniel Bashore, Jim Engelking, Sue Budd, Nadia Mohamed, Tim
Brausen, Paul Baudhuin, President Yolanda Farris
Commissioners absent: none
Staff present: city manager (Ms. Keller), deputy city manager (Ms. Walsh), city attorney (Mr.
Mattick), engineering project manager (Mr. Elgaard), engineering director (Ms. Heiser), deputy
engineering director (Mr. Sullivan), public works director (Mr. Hall)
2. Approve agenda.
It was moved by Commissioner Mohamed, seconded by Commissioner Baudhuin, to approve the
agenda as presented.
The motion passed 7 – 0.
a. EDA meeting minutes of May 4, 2026
It was moved by Commissioner Budd, seconded by Commissioner Bashore, to approve the EDA
meeting minutes of May 4, 2026, as presented.
The motion passed 7 – 0.
4. Consent items.
a. Approve EDA disbursements
b. EDA Resolution No. 26-14 approving Two Percent Loan Program modifications and
agreement with NextStage
c. EDA Resolution No. 26-15 approving ATD Holdings Notice of Default - Ward 3
It was moved by Commissioner Budd, seconded by Commissioner Brausen, to approve consent
items as listed and to waive reading of all resolutions.
The motion passed 7 – 0.
5. Public hearings – none.
6. Regular business – none.
Docusign Envelope ID: 2F77C4C1-4123-89C2-825D-61C2CD92E6D8
Economic Development Authority -2- June 1, 2026
7. Communications and announcements – none.
8. Adjournment.
The EDA meeting adjourned at 6:04 p.m.
______________________________________ ______________________________________
Melissa Kennedy, city clerk Yolanda Farris, president
These minutes were created with the assistance of a generative AI transcript service, then edited
and finalized by a city staff person.
Docusign Envelope ID: 2F77C4C1-4123-89C2-825D-61C2CD92E6D8