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LINO LAKES ECONOMIC DEVELOPMENT AUTHORITY <br />AGENDA ITEM 3B <br />STAFF ORIGINATOR: Michael Grochala <br />MEETING DATE: January 25, 2021 <br />TOPIC: 2020 Annual Report <br />VOTE REQUIRED: 3/5 <br />BACKGROUND <br />Each year staff is required to provide a recap of the prior year activities undertaken by the board. <br />In 2020, the EDA did not undertake any specific development activities. <br />Overall, the City continued to see substantial development activity in 2020. 166 new residential <br />permits were issued in 2020. Total building permit valuation was approximately $51.5 million. <br />Staff is also reporting that no modifications to the EDA enabling resolution are needed or <br />proposed. <br />RECOMMENDATION <br />Staff is recommending that the EDA accept the report. <br />ATTACHMENTS <br />1. Enabling Resolution <br />2. 2020 EDA Report <br />