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<br />EDA Item 7A <br />April 13, 2026 <br />Page 2 <br /> <br /> <br /> <br />Strategic Plan Strategy/Goal <br />Maintain a positive business climate where businesses want to locate and remain in Mounds View. <br />Finance top redevelopment areas Industrial/Commercial/Residential. <br /> <br />Financial Impact <br />This is a budgeted item, $60,000 for all loan programs 2026 and $100,000 for the LAHA program. <br />Total of $160,000 for all programs. This LAHA Guidelines Amendment does not affect the budget. <br /> <br />Recommendation <br />Staff recommends the EDA consider adopting 26-EDA-386 Approving an Eighth Amendment to <br />the Loan Origination Agreement with the Center for Energy and Environment via a motion. <br /> <br />Respectfully submitted, <br /> <br /> ___________________________ <br />Brian Beeman, Assistant City Administrator <br /> <br />Attachment(s): <br />1. EDA Resolution 26-EDA-386, Approving an Eighth Amendment to the Loan Origination <br />Agreement with CEE <br />Exhibit A, Amendment 8, Loan Origination Agreement <br />2. Amendment 8 to the Loan Origination Agreement between the Economic <br />Development Authority in and for the City of Mounds View and Center for Energy and <br />Environment <br />3. A-2 Exhibit A8 Program Guidelines <br />