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Mounds View EDA February 9, 2026 <br />Regular Meeting Page 2 <br /> <br /> 1 <br />Assistant City Administrator Beeman requested the EDA accept City Council delegation to 2 <br />administer the City’s LAHA programming and funding. He commented further on how this action 3 <br />would allow the EDA to administer the LAHA programming. 4 <br /> 5 <br />MOTION/SECOND: Meehlhause/Lindstrom. To Waive the Reading and Adopt Resolution 26-6 <br />EDA-381, a Resolution Accepting City Council Delegation to Administer the City’s LAHA 7 <br />Programing & Funding. 8 <br /> 9 <br /> Ayes – 5 Nays – 0 Motion carried. 10 <br /> 11 <br />B. Resolution 26-EDA-382, A Resolution Approving a Seventh Amendment to the 12 <br />Loan Origination Agreement with the Center for Energy and Environment. 13 <br /> 14 <br />Assistant City Administrator Beeman requested the Council approve a Seventh Amendment to the 15 <br />Loan Origination Agreement with the Center for Energy and Environment. He discussed the 16 <br />proposed amendment in detail with the EDA and recommended approval. 17 <br /> 18 <br />Commissioner Lindstrom asked if the EDA has to pay $600 for each loan. Assistant City 19 <br />Administrator Beeman reported this was the case, noting the fee covers the loan origination fees, 20 <br />an inspection, annual administrative fee, and LAHA origination fee. 21 <br /> 22 <br />MOTION/SECOND: Lindstrom/Smith. To Waive the Reading and Adopt Resolution 26-EDA-23 <br />382, a Resolution Approving a Seventh Amendment to the Loan Origination Agreement with the 24 <br />Center for Energy and Environment. 25 <br /> 26 <br /> Ayes – 5 Nays – 0 Motion carried. 27 <br /> 28 <br />C. Resolution 26-EDA-383, A Resolution Approving Purchase and Development 29 <br />Agreement and Conveyance of Property Located in Mounds View, Minnesota 30 <br />located at 2716 Hillview Road. 31 <br /> 32 <br />Assistant City Administrator Beeman requested the EDA approve the Purchase and Development 33 <br />Agreement and conveyance of property located in Mounds View, Minnesota located at 2716 34 <br />Hillview Road. He explained a public hearing was required for this item. He noted this property 35 <br />was located next to the bank. 36 <br /> 37 <br />President Gunn opened the public hearing at 7:43 p.m. 38 <br /> 39 <br />Carol Mueller, 8343 Groveland Road, asked if a previous action taken by the Council related to 40 <br />maximum building height was related to this project. 41 <br /> 42 <br />Commissioner Lindstrom responded no. 43 <br /> 44