[0:49] President Thomas Blander: call. Let's meet in order of the Apple Valley Economic Development Authority. This is the meeting of January 22nd, 2026. First order of business is the approval of the agenda. Any changes from staff? [1:05] Staff Member: Mr. President, good evening. We have no changes to the agenda tonight. [1:07] President Thomas Blander: In favor? [1:10] Council Member: I [1:11] Council Member: I. [1:12] President Thomas Blander: That carries. Next item is the consent agenda. consent agendas uh considered routine will be enacted with a single motion without discussion which uh tonight that's the approval of the minutes from our previous meeting December 23rd. Any changes from No, not from Mr. Staff from the commission. [1:32] Council Member: Mr. Chair, I'll move the consent agenda. [1:34] Council Member: Second [1:35] President Thomas Blander: moved and seconded. In favor? [1:38] Council Member: I [1:39] Council Member: I [1:40] President Thomas Blander: That also carries. Our uh regular agenda item number 4A is a resolution approving uh the 2026 board of officers for the Apple Valley Economic Development Authority. [2:04] Staff Member: Thank you, Mr. President. Uh and commissioners. So tonight as first meeting of the year, you typically elect your officers. So tonight you'll be either electing or appointing your president, vice president, and your treasurer. Uh the current slate as it stands is Thomas Blander as president, vice president Ruth Grendall, and your treasurer John Bergman. You're more than welcome to keep that slate the way it is or nominate others. The secretary and assistant treasurer positions stay remain as Christina Skipion as our city clerk. Uh with that, uh you can open the floor to nominations or just simply accept the slate and we'll fill those names in uh officially on the resolution as you so choose. [2:48] President Thomas Blander: Mindle. [2:49] Council Member Mindle: Mr. President, I'll move the slate as is except for vice president. I would like to nominate Jody Curts. [3:00] Council Member: Second. Oh, yeah. Second. [3:01] President Thomas Blander: I should make sure Jod's good with that. She's like, she should show up for the meeting. She'll give her a chance to back out if she doesn't want it. [3:05] Council Member Jody Curts: I'm good with that. [3:10] Staff Member: Okay, Jody does plan uh chair our planning commission. [3:13] Council Member Mindle: Yes, [3:15] President Thomas Blander: that's moved and seconded. Any [3:16] Council Member: second? [3:17] President Thomas Blander: Favor. [3:18] Council Member: I seconded it. [3:19] President Thomas Blander: Y in favor? I opposed. We have a slate of officers for next year or this year. And the next item is the uh resolution approving the 2026 budget for Apple Valley Economic Development Authority. [3:41] Staff Member: Thank you, Mr. President. Uh members of commission, before you tonight, as always, first of the year, we adopt our new budget for the upcoming 2026 fiscal year. Uh just start off with our EDA budget. We we have two items here that are important in our budget. the open to business program which is part run through our uh Dakota County uh friends from CDA. Uh as indicated in the report they've served over approximately 135 business over a thousand hours of technical assistance and gave or helped secure about just over $435,000 in direct lending uh programs. They did provide one loan for 50,000 to one Apple Valley business. Some of you may remember Hello Love Day, the new business that just opened up in the Cobblestone retail uh center. Uh really nice store, very nice folks. And that's what we want to see is that kind of assistance or help for those kind of businesses. They've also advised 34 Apple Valley businesses in our residents alone, which are listed on the screen here before you. The other uh part of our EDA budget is our membership to the greater MSP. Uh there's 16 city members, nine county members. Uh, Apple Valley typically is uh the other members are in the forefront whenever we received an RFI request for information on new businesses seeking to site or or look for locations in in uh different communities such as ours. Uh, of these RFIs, we did evaluate eight of those and we responded to five of them. Uh good news. We are about to announce hopefully the uh the securing of a new manufacturing facility in our Johnny Cape Business Center which is uh will complete the full tenant buildout. Uh about 75% of that uh the other 25% is being uh uh leased out currently by Meta. Uh and this is uh continue to market uh the community with a greater MSP. Indeed. Uh, our key focus areas also noted in our packet are are just continue our efforts to market and support the community, work with open to business, support job creation, and help uh facilitate some property and corridor improvements along 42 and Sierra Avenue. Our budget, same as last year, is uh our investment earnings of 24,000, which helps cover our costs, our expenditures for our wages and benefits. That's not a lot, but that's just for uh uh the time and effort uh that staff puts into it, which is very minimal. Our consultant service 9,50 is for our our friends from open to business and our dues and subscriptions, excuse me, the 12,000 helps cover our greater MSP. So, our total expenditures are 21,740. With that uh we are asking for the adoption of the EDA resolution 2602 approving that fiscal year budget for this year. [6:35] Council Member: So moved. [6:37] Council Member: Second. [6:38] President Thomas Blander: Moved and seconded. All in favor? [6:42] Council Member: I. [6:43] Staff Member: Thank you. [6:44] President Thomas Blander: Opposed? No. It also carries. It moves us forward to uh EDA items and communications staff updates. [7:02] Staff Member: Mr. President, we have none. [7:03] Council Member Mindle: Mr. President, if we have no other business, I would move we adjourn. [7:05] Council Member: Second. [7:06] President Thomas Blander: Seconded. In favor? [7:08] Council Member: I [7:09] Council Member: I [7:10] Council Member: I. [7:11] President Thomas Blander: It carries. We're adjourned.