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HomeMy WebLinkAbout10.20.25 EDA Minutes City of Farmington Economic Development Authority Regular Meeting Minutes Monday, October 20, 2025 The Farmington Economic Development Authority met in regular session on Monday, October 20, 2025, at Farmington City Hall, 430 Third Street, Farmington, Minnesota. 1. CALL TO ORDER Chair Hoyt called the meeting to order at 5 pm. 2. PLEDGE OF ALLEGIANCE Chair Hoyt lead everyone in the Pledge of Allegiance. 3. ROLL CALL Members Present: Chair Joshua Hoyt Commissioners Jake Cordes, Nick Lien, and Steve Wilson Members Absent: Councilmember Holly Bernatz Staff Present: Lynn Gorski, City Administrator David Chanski, Asst. City Administrator/HR Director Deanna Kuennen, EDA Executive Director Stephanie Amon, Economic Development Coordinator Also Present: University of Minnesota Extension Staff: Brigid Tuck, Senior Economic Impact Analyst Neil Linscheid, State Specialist of Entrepreneurship 4. APPROVE AGENDA Motion was made by Commissioner Wilson and seconded by Commissioner Cordes to approve the agenda, as presented. Motion carried: 4 ayes / 0 nays 5. CITIZEN COMMENTS No one addressed the Commission to speak. 6. CONSENT AGENDA 6.1 Monthly Financial Report 6.3 Quarterly Report - Open to Business (Q3 2025) EDA Minutes of October 20,2025 Page 1 of 2 Motion was made by Commissioner Cordes and seconded by Commissioner Lien to approve the Consent Agenda, as presented. Motion carried: 4 ayes / 0 nays 7. PUBLIC HEARINGS 8. DISCUSSION ITEMS 8.1 Entrepreneurial Ecosystem Discussion Brigid Tuck and Neil Linscheid from the University of Minnesota Extension presented to the EDA and focused on economic trends and data relevant to the region, offering insights to support strategic planning and development efforts. The EDA and Staff participated in a robust conversation with the discussion contributing to ongoing initiatives around local economic growth. 9. DIRECTOR'S REPORT 9.1 Director's Report 10.ADJOURNMENT The meeting was adjourned at 6:45 pm. Respectfully submitted, $h' ly Acker City Clerk EDA Minutes of October 20,2025 Page 2 of 2