HomeMy WebLinkAbout01-26-26 EDA Meeting MinutesCITY OF LINO LAKES
ECONOMIC DEVELOPMENT AUTHORITY
MEETING MINUTES
DATE: January 26, 2026
TIME STARTED: 7:00 PM
TIME ENDED: 7:08 PM
EDA MEMBERS PRESENT: President Lyden, Vice President Ruhland, Members
Rafferty, Rennaker and Nelson
STAFF PRESENT: EDA Executive Karen Anderson, Community Development
Director Michael Grochala, and EDA Secretary Roberta
Colotti
1. CALL TO ORDER AND ROLL CALL
EDA President Lyden called the meeting to order at 7:00 PM.
All members were present.
2. CONSIDERATION OF FEBRUARY 10, 2025, MEETING MINUTES
Motion to approve the February 10, 2025, meeting minutes as presented.
RESULT:
CARRIED [UNANIMOUS]
MOVER:
Ruhland
SECONDER:
Nelson
AYES:
Lyden, Ruhland, Rafferty, Rennaker and Nelson
3. 2026 ANNUAL APPOINTMENTS
Motion to appoint the following offices for 2026 and until a successor is appointed:
1. President
Mike Ruhland
2. Vice President
Randy Rennaker
3. Treasurer
Julia Nelson
4. Secretary
City Clerk
5. Assistant Treasurer
Finance Director
6. Executive Director
City Administrator
7. Official Newspaper
Quad Community Press
8. Legal Depositories
First Resource Bank
LMC 4M Fund
PMA Financial Networks
PMA Securities
Moreton Capital Markets
US Bank
9. Legal Services
Kennedy & Graven,
Squires, Waldspurger, & Mace,
P.A.
Kutak Rock
10. Financial Advisor
Ehlers
RESULT: CARRIED [UNANIMOUS]
MOVER: Ruhland
SECONDER: Rafferty
AYES: Lyden, Ruhland, Rafferty, Rennaker and Nelson
4. 2025 ANNUAL REPORT
The Community Development Director stated that each year staff is required to provide a
recap of the prior year activities undertaken by the board. The EDA did not undertake
any development activities in 2025.
Overall, the City continued to see development activity in 2025. A total of 138 new
residential construction permits were issued in 2025. This is a slight increase over 2024
but substantially under projected growth. Total building permit valuation decreased
slightly from $78,313,000 in 2024 to approximately $77,341,000 in 2025.
Commercial activity included the Phase 1 development of the Otter Crossing South
commercial development anchored by Aldi. Construction of the 77th Street/Market Place
Drive project was completed in preparation for the Java Lino Lakes development. This is
part of a multi -property redevelopment project that includes Chipotle, Pacific Dental,
O'Reilly's and Valvoline. The City also approved the Preliminary and Final Plat of
Clearwater Commons, a three -lot commercial development along 215t Avenue.
Staff is also reporting that no modifications to the EDA enabling resolution are needed or
proposed.
Motion to accept the 2025 Annual Report as presented.
RESULT:
CARRIED [UNANIMOUS]
MOVER:
Ruhland
SECONDER:
Nelson
AYES:
Lyden, Ruhland, Rafferty, Rennaker and Nelson
S. Notices and Communications
The Board discussed the status of the two Tax Increment Financing (TIF) districts.
6. ADJOURN
Motion to adjourn the meeting at 7:08 P.M.
RESULT:
CARRIED [UNANIMOUS]
MOVER:
Rafferty
SECONDER:
Rennaker
AYES:
Lyden, Ruhland, Rafferty, Rennaker and Nelson
These minutes were approved at the March 23, 2026, E:?Zl
Michael Ruhland,
EDA President
Attest:
Roberta Colotti,
EDA Secretary