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Mounds View EDA February 9, 2026 <br />Regular Meeting Page 2 <br /> <br />A. Resolution 26-EDA-381, A Resolution Accepting City Council Delegation to <br />Administer the City’s LAHA Programing & Funding. <br /> <br />Assistant City Administrator Beeman requested the EDA accept City Council delegation to <br />administer the City’s LAHA programming and funding. He commented further on how this action <br />would allow the EDA to administer the LAHA programming. <br /> <br />MOTION/SECOND: Meehlhause/Lindstrom. To Waive the Reading and Adopt Resolution 26- <br />EDA-381, a Resolution Accepting City Council Delegation to Administer the City’s LAHA <br />Programing & Funding. <br /> <br /> Ayes – 5 Nays – 0 Motion carried. <br /> <br />B. Resolution 26-EDA-382, A Resolution Approving a Seventh Amendment to the <br />Loan Origination Agreement with the Center for Energy and Environment. <br /> <br />Assistant City Administrator Beeman requested the Council approve a Seventh Amendment to the <br />Loan Origination Agreement with the Center for Energy and Environment. He discussed the <br />proposed amendment in detail with the EDA and recommended approval. <br /> <br />Commissioner Lindstrom asked if the EDA has to pay $600 for each loan. Assistant City <br />Administrator Beeman reported this was the case, noting the fee covers the loan origination fees, <br />an inspection, annual administrative fee, and LAHA origination fee. <br /> <br />MOTION/SECOND: Lindstrom/Smith. To Waive the Reading and Adopt Resolution 26-EDA- <br />382, a Resolution Approving a Seventh Amendment to the Loan Origination Agreement with the <br />Center for Energy and Environment. <br /> <br /> Ayes – 5 Nays – 0 Motion carried. <br /> <br />C. Resolution 26-EDA-383, A Resolution Approving Purchase and Development <br />Agreement and Conveyance of Property Located in Mounds View, Minnesota <br />located at 2716 Hillview Road. <br /> <br />Assistant City Administrator Beeman requested the EDA approve the Purchase and Development <br />Agreement and conveyance of property located in Mounds View, Minnesota located at 2716 <br />Hillview Road. He explained a public hearing was required for this item. He noted this property <br />was located next to the bank. <br /> <br />President Gunn opened the public hearing at 7:43 p.m. <br /> <br />Carol Mueller, 8343 Groveland Road, asked if a previous action taken by the Council related to <br />maximum building height was related to this project. <br />