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HomeMy WebLinkAbout03.16.26 EDA Packet Meeting Location: Farmington City Hall, Conf Room 170 430 Third Street Farmington, MN 55024 ECONOMIC DEVELOPMENT AUTHORITY REGULAR MEETING AGENDA Monday, March 16, 2026 5:00 PM Page 1. CALL TO ORDER 2. PLEDGE OF ALLEGIANCE 3. ROLL CALL 4. APPROVE AGENDA 5. CITIZEN COMMENTS 6. CONSENT AGENDA 6.1. Minutes of the February 17, 2026 Regular Economic Development Authority Meeting Approve the minutes of the February 17, 2026 Regular Economic Development Authority meeting. Agenda Item: Minutes of the February 17, 2026 Regular Economic Development Authority Meeting - Pdf 3 - 7 6.2. Monthly Financial Report Accept the Monthly Financial Report. Agenda Item: Monthly Financial Report - Pdf 8 - 9 7. PUBLIC HEARINGS 8. DISCUSSION ITEMS 8.1. Resolution 2026-001 Approving the Acquisition of Real Property in the City of Farmington (PID: 14-77000-08-110) Approve Resolution 2026-01 Approving Acquisition of Real Property in the City of Farmington (PID: 14-77000-08-110). Agenda Item: Resolution 2026-001 Approving the Acquisition of Real 10 - 26 Page 1 of 56 Property in the City of Farmington (PID: 14-77000-08-110) - Pdf 8.2. Funding Request for 2026 Event Series - Downtown Social Staff request that the EDA consider providing the requested $6000 to support the 2026 Downtown Social Event Series. Agenda Item: Funding Request for 2026 Event Series - Downtown Social - Pdf 27 - 32 8.3. Letter of Support - Childcare Economic Development Grant, Mis Tortuguitas Authorize the EDA Chair to send a letter on behalf of the EDA to support the Mis Tortuguitas Child Care Economic Development Grant application being submitted by the Dakota County Community Development Agency. Agenda Item: Letter of Support - Childcare Economic Development Grant, Mis Tortuguitas - Pdf 33 - 36 8.4. "Share the Downtown" - 15 Minute Parking Pilot Program Approve number and location of "Quick Stop Spots" and recommend to City Council that the Quick Stop Spot 15-Minute parking pilot be authorized for implementation - including communication plan and installation. Agenda Item: "Share the Downtown" - 15 Minute Parking Pilot Program - Pdf 37 - 47 9. DIRECTOR'S REPORT 9.1. Director's Report No action requested. This item is informational and is provided to communicate how the EDA time and money resources are allocated and to track and measure the impact of initiatives. Agenda Item: Director's Report - Pdf 03-2026 meeting 48 - 56 10. ADJOURN Page 2 of 56 ECONOMIC DEVELOPMENT AUTHORITY AGENDA MEMO To: Economic Development Authority From: Shirley Buecksler, City Clerk Department: Administration Subject: Minutes of the February 17, 2026 Regular Economic Development Authority Meeting Meeting: Economic Development Authority - Mar 16 2026 INTRODUCTION: For approval are the minutes of the February 17, 2026 Regular Economic Development Authority meeting. ACTION REQUESTED: Approve the minutes of the February 17, 2026 Regular Economic Development Authority meeting. ATTACHMENTS: 02.17.26 EDA Minutes Page 3 of 56 EDA Minutes of February 17, 2026 Page 1 of 4 City of Farmington Economic Development Authority Regular Meeting Minutes Tuesday, February 17, 2026 The Farmington Economic Development Authority met in regular session on Tuesday, February 17, 2026 at Farmington City Hall, 430 Third Street, Farmington, Minnesota. 1. CALL TO ORDER Executive Director Kuennen called the meeting to order at 4:30 pm. Motion was made by Commissioner Lien and seconded by Commissioner Wilson to appoint Commissioner Bernatz to preside over the meeting. Motion carried: 3 ayes / 0 nays 2. PLEDGE OF ALLEGIANCE Commissioner Bernatz lead everyone in the Pledge of Allegiance. 3. ROLL CALL Members Present: Commissioners Holly Bernatz, Nick Lien, and Steve Wilson Members Absent: Commissioner Jake Cordes Staff Present: Lynn Gorski, City Administrator Deanna Kuennen, EDA Executive Director Stephanie Aman, Economic Development Coordinator Shirley Buecksler, City Clerk 4. APPROVE AGENDA Motion was made by Commissioner Wilson and seconded by Commissioner Lien to approve the agenda as presented. Motion carried: 3 ayes / 0 nays 5. CITIZEN COMMENTS No one addressed the EDA to speak. 6. CONSENT AGENDA 6.1 Minutes of the January 20, 2026 Regular Economic Development Authority Meeting Page 4 of 56 EDA Minutes of February 17, 2026 Page 2 of 4 6.2 Minutes of the January 20, 2026 Economic Development Authority Closed Session 6.3 Quarterly Report – Open to Business (Q4 2025) Motion was made by Commissioner Lien and seconded by Commissioner Wilson to approve the Consent Agenda, as presented. Motion carried: 3 ayes / 0 nays 7. PUBLIC HEARINGS 8. DISCUSSION ITEMS 8.1 Election of 2026 EDA Chairperson and Vice-Chairperson Motion was made by Commissioner Wilson and seconded by Commissioner Lien to elect Commissioner Cordes as EDA Chair and Commissioner Bernatz as EDA Vice-Chair. Motion carried: 3 ayes / 0 nays 8.2 Annual EDA Business – Acknowledgement of Official Newspaper and Establishment of the 2026 Meeting Schedule Motion was made by Commissioner Wilson and seconded by Commissioner Lien ratify the City Council’s designation of the official newspaper as the Dakota County Tribune. Motion carried: 3 ayes / 0 nays Motion was made by Commissioner Bernatz and seconded by Commissioner Lien to approve and establish the 2026 EDA meeting schedule. Motion carried: 3 ayes / 0 nays 8.3 2026 EDA Work Plan The EDA Work Plan serves as a strategic guide that aligns economic development goals with budgetary resources. The 2026 EDA Work Plan has been updated to recognize that economic development works best when it is connected, data-informed, and relationship-driven. The Work Plan serves as an integrated framework and builds upon the momentum and success that Farmington has experienced. The Work Plan also builds in performance measures and accountability to help inform future program and policy Page 5 of 56 EDA Minutes of February 17, 2026 Page 3 of 4 decisions. The Work Plan is divided into the following, integrated components: • Continuous Operations Strategy & Resiliency • Strategic Partnerships & Priority Marketing Channels • Program Advancement & Strategic Investment • Performance Measures & Accountability • Calendar of Events • Approved Budget Following discussion, the EDA confirmed their commitment to the Work Plan. 8.4 Economic Development Potential Incentives Discussion The EDA reviewed and discussed past EDA financial incentive programs, how those programs relate to the needs expressed by existing and potential businesses today, and ideas moving forward. In general, the EDA expressed their support to provide business incentives and provided the following guidance: Revolving Loan Program • The EDA is interested in pursuing a revolving loan program but would like to have additional discussion. • The EDA expressed concern regarding the mechanics of administering a loan program (collecting payments, follow up on delinquent loans, etc.) and the time constraints this could create. • The EDA asked if there are ways to financially support loans obtained through local lending institutions instead – such as providing collateral or downpayments on traditional bank loans. Microgrants • The EDA agreed to bring back the most recent microgrant program as a means to support the Farmington business community. With additional language that limits the microgrants from being awarded to the same businesses/properties year over year. The EDA directed Staff to move forward with program development. In addition, the EDA expressed interest in looking at additional ways that it can support young businesses. Of particular interest was learning more about incubators and if this model could be deployed in Farmington. Page 6 of 56 EDA Minutes of February 17, 2026 Page 4 of 4 9. DIRECTOR’S REPORT 9.1 Director’s Report The EDA discussed the value of the Director’s Report and requested that the format used in 2025 continue. 10. ADJOURNMENT Motion was made by Commissioner Lien and seconded by Commissioner Wilson to adjourn the meeting at 5:25 pm. Motion carried: 3 ayes / 0 nays Respectfully submitted, Shirley R Buecksler City Clerk Page 7 of 56 ECONOMIC DEVELOPMENT AUTHORITY AGENDA MEMO To: Economic Development Authority From: Deanna Kuennen, Community & Economic Development Director Department: EDA Subject: Monthly Financial Report Meeting: Economic Development Authority - Mar 16 2026 INTRODUCTION: Attached is the monthly Financial Report for March 2026. DISCUSSION: Attached is the monthly Finance Report for March 2026. The report includes a summary of the approved 2026 budget and year-to-date expenditures. ACTION REQUESTED: Accept the Monthly Financial Report. ATTACHMENTS: March 2026 Financial Report Page 8 of 56 Business Unit Object Account Account Description Actual 2025 Budget 2025 BUDGET 2026 YTD Expenditures NOTES 2000 - HRA/ECONOMIC DEVELOPMENT3510 UNRESERVED FUND BALANCE -411,501.80 Unaudited Fund Balance 2000 - HRA/ECONOMIC DEVELOPMENT4011 CURRENT PROPERTY TAX -125,000.00 -250,000.00 -250,000.00 2026 EDA Levy 2000 - HRA/ECONOMIC DEVELOPMENT4516 ADMINISTRATION FEES - PROJECTS 0.00 0.00 0.00 2000 - HRA/ECONOMIC DEVELOPMENT4955 INTEREST ON INVESTMENTS -18,045.88 -2,600.00 -5,200.00 2000 - HRA/ECONOMIC DEVELOPMENT4960 GAIN/LOSS INVEST MKT VALUE 0.00 0.00 -252,600.00 -255,200.00 TOTAL REVENUE 2000 - HRA/ECONOMIC DEVELOPMENT6210 OFFICE SUPPLIES 0.00 0.00 2000 - HRA/ECONOMIC DEVELOPMENT6220 EQUIP SUPPLIES & PARTS 159.99 0.00 2000 - HRA/ECONOMIC DEVELOPMENT6280 BOOKS & SUBSCRIPTIONS 1,426.51 150.00 150.00 2000 - HRA/ECONOMIC DEVELOPMENT6401 PROFESSIONAL SERVICES 23,648.10 25,000.00 25,000.00 2000 - HRA/ECONOMIC DEVELOPMENT6403 LEGAL 311.00 3,000.00 3,000.00 152.80 Legal review 2000 - HRA/ECONOMIC DEVELOPMENT6426 INSURANCE 303.48 600.00 600.00 2000 - HRA/ECONOMIC DEVELOPMENT6445 POSTAGE/SHIPPING FEES 0.00 1,000.00 1,000.00 2000 - HRA/ECONOMIC DEVELOPMENT6450 OUTSIDE PRINTING 2,148.54 3,000.00 3,000.00 2000 - HRA/ECONOMIC DEVELOPMENT6455 LEGAL NOTICES 0.00 500.00 500.00 2000 - HRA/ECONOMIC DEVELOPMENT6460 MEMBER DUES & LICENSURE 7,910.00 8,500.00 8,500.00 3,100.00 MidAmerica EDC, DCR Membershio, MREE (new in 2026) 2000 - HRA/ECONOMIC DEVELOPMENT6470 TRAINING & SUBSISTANCE 4,665.55 5,000.00 5,000.00 940.00 EDAM, Fluence, SP Future 2000 - HRA/ECONOMIC DEVELOPMENT6470 TRAINING & SUBSISTANCE - DBB 0.00 0.00 2000 - HRA/ECONOMIC DEVELOPMENT6480 MEETING EXPENSE 304.44 500.00 500.00 2000 - HRA/ECONOMIC DEVELOPMENT6485 MILEAGE REIMBURSEMENT 676.62 5,100.00 5,100.00 2000 - HRA/ECONOMIC DEVELOPMENT6492 ADVERTISING 0.00 0.00 0.00 2000 - HRA/ECONOMIC DEVELOPMENT6505 EQUIPMENT REPAIR/MAINTENANCE 0.00 1,000.00 1,000.00 2000 - HRA/ECONOMIC DEVELOPMENT6505 EQUIPMENT REPAIR/MAINT - DBB 0.00 0.00 0.00 2000 - HRA/ECONOMIC DEVELOPMENT6550 DEVELOPER PAYMENTS 0.00 50,000.00 50,000.00 2000 - HRA/ECONOMIC DEVELOPMENT6570 PROGRAMMING EXPENSE 17,709.00 85,000.00 85,000.00 10,000.00 MREJ Sponsorship 2000 - HRA/ECONOMIC DEVELOPMENT7310 OPERATING TRANSFERS 0.00 0.00 0.00 2000 - HRA/ECONOMIC DEVELOPMENT7420 OTHER 0.00 0.00 0.00 59,263.23 188,350.00 188,350.00 14,192.80 YTD Expenditures / 2026 Budget -64,250.00 -66,850.00 Unallocated EDA Funds 123,513.23 241,007.20 YTD Remaining Unspent Balance Total 2000 - HRA/ECONOMIC DEVELOPMENT 0.00 -64,250.00 0.00 -64,250.00 0.00 -64,250.00 03-2026 Financial Report Pa g e 9 o f 5 6 ECONOMIC DEVELOPMENT AUTHORITY AGENDA MEMO To: Economic Development Authority From: Deanna Kuennen, Community & Economic Development Director Department: EDA Subject: Resolution 2026-001 Approving the Acquisition of Real Property in the City of Farmington (PID: 14-77000-08-110) Meeting: Economic Development Authority - Mar 16 2026 INTRODUCTION: At the Closed Meeting on January 20, 2025, the EDA considered offers or counteroffers for the sale or purchase of real property in the City of Farmington (PID 14-77000-08-110). In this meeting the EDA directed Staff to proceed with the potential acquisition of the property with an all-in purchase price of $80,000 to include an asbestos abatement survey, asbestos remediation, demolition/site restoration, and purchase. Based on the estimates for the remediation and demolition, an offer of $53,980 was made to the property owner, who has accepted. The EDA is asked to authorize the Purchase Agreement. DISCUSSION: The EDA has identified land readiness and strategic acquisition as part of the workplan ecosystem. The EDA is not a developer but, in limited cases, may acquire property that fits within the long-term vision of the City. The property located at 512 3rd Street presented itself as an opportunity site for the EDA to pursue for acquisition. As discussed in detail in the Closed Meeting on January 20, 2025 - the property is strategically located in downtown, is vacant, is blighted, and the property owner is a willing seller. Based on the direction provided by the EDA, Staff negotiated the purchase for $53,980 pending approval of the EDA. for estimate an and conducted was survey abatement environmental An remediation was obtained. This, along with demolition/restoration costs were factored into the offer. The intention will be to acquire the property, demolish the dilapidated structure, and restore the lot. The lot will be held in the EDA's name until such time as a reuse is identified. Staff has worked with the City Attorney to prepare the attached Purchase Agreement. Specifics of the Purchase Agreement include:  Property Address: 512 Third Street, Farmington  Seller: Bruce V. Adkins  Purchase Price: $53,980  Closing Date: On or before May 15, 2026 Page 10 of 56 BUDGET IMPACT: $80,000 - to include acquisition, asbestos abatement survey, asbestos remediation, demolition, and site restoration. ACTION REQUESTED: Approve Resolution 2026-01 Approving Acquisition of Real Property in the City of Farmington (PID: 14-77000-08-110). ATTACHMENTS: 2026-01 Approving Acquisition of Real Property in the City of Farmington Purchase Agreement, 512 Third St Page 11 of 56 ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF FARMINGTON DAKOTA COUNTY, MINNESOTA RESOLUTION 2026-01 RESOLUTION APPROVING ACQUISITION OF REAL PROPERTY IN THE CITY OF FARMINGTON, MINNESOTA (PID: 14-77000-08-110) WHEREAS, Bruce V. Adkins (“Seller”) is the fee owner of certain real estate located at 512 Third Street, in the City of Farmington, County of Dakota, State of Minnesota, legally described as set forth in the attached Exhibit A (PID: 147700008110) (the “Property”); and WHEREAS, the Economic Development Authority of the City of Farmington (“Authority”) is proposing to acquire the Property for public purposes; and WHEREAS, the Authority has received and reviewed the proposed Purchase Agreement (“Agreement”) for the acquisition of the Property to be entered into by and between the Seller and the Authority; and WHEREAS, Minnesota Statutes § 462.356, subd. 2, requires that the Planning Commission of the City of Farmington review proposed acquisitions and dispositions of property, and WHEREAS, Minnesota Statutes § 462.356, subd. 2, further provides for an exception from the Planning Commission review requirement upon 2/3 vote of the governing body dispensing with the requirement and finding that the acquisition or disposal of the property has no relationship to the comprehensive municipal plan. NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority of the City of Farmington, Minnesota, that: 1. The Authority finds that the acquisition of the Property has no relationship to the comprehensive municipal plan; 2. Review by the Planning Commission of the conveyance of the Property is hereby dispensed with; the Agreement is hereby approved. 3. The City Attorney and Authority Staff are authorized to finalize all documents necessary to complete the acquisition of the Property. Page 12 of 56 EDA Resolution 2026-001 Page 2 of 3 4. The Authority Chair and Executive Director are authorized to execute any and all documents necessary and required under the terms of the Agreement to effect the acquisition of the Property. Adopted by the Economic Development Authority of the City of Farmington, Minnesota, this 16th day of March 2026. ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF FARMINGTON By Jake Cordes, Chair ATTEST: Deanna Kuennen, Executive Director Page 13 of 56 EDA Resolution 2026-001 Page 3 of 3 EXHIBIT A Legal Description of Property North 50 feet of Lots 10 and 11, Block 8 Town of Farmington Page 14 of 56 ** DRAFT ** 1 238685v4 PURCHASE AGREEMENT This PURCHASE AGREEMENT (“Agreement”) is made this day of , 2026 (the “Effective Date”), and is by and between BRUCE V. ADKINS, a single person (“Seller”), and the ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF FARMINGTON, a public body, corporate and politic, and a political subdivision of the State of Minnesota (“Buyer”). RECITALS A. Seller is the fee owner of certain real estate located at 512 Third Street, in the City of Farmington, County of Dakota, State of Minnesota, legally described on Exhibit A (the “Property”). B. The Property is currently improved with a single-family residential structure, which is currently unoccupied. C. Buyer desires to purchase and Seller desires to sell the Property upon the terms and conditions set forth in this Agreement. NOW, THEREFORE, for good and valuable consideration, Seller shall sell and convey to Buyer all of Seller’s right title and interest in, and Buyer shall purchase and pay for, upon the terms and subject to the conditions of this Agreement, the Property, including any easements, appurtenances, and buildings, and any other improvements built or affixed to the Property. Seller and Buyer further agree as follows: 1. Offer/Acceptance. Buyer offers to purchase and Seller agrees to sell and convey to Buyer fee simple title to the Property, according to the terms of this Agreement. 2. Property Included. Seller may remove any items of personal property and fixtures from the Property prior to closing, provided that the Seller does not cause damage to the Property in doing so. Any items of personal property or fixtures not removed by Seller prior to closing shall be deemed abandoned by Seller, shall become the property of Buyer, and may be retained or disposed of in Buyer’s sole discretion. This Section 2 shall survive Closing (as such is defined in this Agreement). 3. Purchase Price. The total purchase price (“Purchase Price”) for the Property is FIFTY-THREE THOUSAND NINE HUNDRED EIGHTY AND 00/100 U.S. DOLLARS ($53,980.00). The Buyer agrees to pay the Purchase Price at closing by wire delivery of funds through the Federal Reserve System to an account designated in writing by Seller. There is no earnest money for this Agreement; the consideration for this Agreement is the mut ual promises made in this Agreement. Page 15 of 56 ** DRAFT ** 2 238685v4 4. Deed and Title. A. Deed. Upon performance by Buyer, Seller shall execute and deliver a Warranty Deed (the “Deed”), conveying good and marketable title of record, subject to all covenants, restrictions, and rights of record, and all easements and agreements of record in Dakota County, Minnesota. B. Title Insurance Commitment. Within a reasonable time period after the Effective Date, Buyer will obtain a title insurance commitment for an owner’s policy of title insurance for the Property, which shall include proper searches covering bankruptcies, state and federal judgments and liens, and including copies of all encumbrances listed therein (the “Commitment”). C. Title Objections. Buyer will have ten (10) business days from the Effective Date to deliver written objections to title, if any, to Seller. Any matter shown on the Commitment and not objected to by Buyer shall be a “Permitted Encumbrance” under this Agreement. Seller must not allow any additional encumbrances to be made against the Property between the Effective Date and the Closing Date (as defined in Section 10 of this Agreement). D. Marketability of Title. Seller must use best efforts to provide marketable title by the Closing Date. In the event that Seller has not provided marketable title by the Closing Date, either party may declare this Agreement canceled by written notice to the other party, in which case this Agreement is canceled. If either party declares this Agreement cancelled, Buyer and Seller shall immediately sign a Cancellation of Purchase Agreement confirming said cancellation. 5. Allocation of Costs, Expenses, Taxes, and Special Assessments. All costs, expenses, taxes, and special assessments shall be allocated as follows: A. Buyer shall pay the cost and expense of: (1) The costs of and premium for the Policy with extended coverage over all general exceptions, and all of those certain title endorsements for the Policy as requested by Buyer; (2) Any third-party inspection costs commissioned by Buyer; (3) The Minnesota state deed tax imposed on the conveyance contemplated under this Agreement; (4) The recording fee for recording the Deed in the Office of the Dakota County Recorder or Registrar of Titles, as applicable; (5) The fee for filing the Certificate of Real Estate Value; and (6) The full amount of the Closer’s fees. B. Seller shall pay the cost and expense of: Page 16 of 56 ** DRAFT ** 3 238685v4 (1) Any and all outstanding property taxes, along with any pending or levied special assessments, that are due and payable in the year of closing; and (2) All charges as of the Closing Date (as defined in Section 10 of this Agreement) for utilities, including water, sewer, electricity, and natural gas, if applicable. Buyer will notify utility companies of the Closing Date and request final billing. C. Except as otherwise stated in this Agreement, each party shall pay its own legal and professional fees and fees of their consultants. 6. Access Prior to Closing; Inspections. A. Upon reasonable notice to Seller, for a period of fourteen (14) days from the Effective Date (the “Due Diligence Period”), Buyer and Buyer’s authorized agents shall have the right to enter in and upon the Property in order to make, at Buyer’s expense, surveys, measurements, and other noninvasive tests that Buyer shall deem necessary. B. Buyer agrees to restore any resulting damage to the Property and to indemnify, hold harmless and defend Seller from any and all claims by third persons of any nature whatsoever arising from Buyer’s right of entry hereunder, including all actions, proceedings, demands, assessments, and reasonable costs, expenses, and attorneys’ fees. Notwithstanding the foregoing, Buyer’s liability shall not exceed the limits provided under Minnesota Statutes, Chapter 466. C. Buyer shall not perform any invasive testing of the Property without Seller’s prior written consent. Seller’s consent may be conditioned upon any restrictions that Seller deems necessary. D. If Buyer is not satisfied with the condition of the Property prior to the expiration of the Due Diligence Period, Buyer may terminate this Agreement upon providing Seller with written notice of such termination prior to the expiration of the Due Diligence Period. 7. Possession and Condition of the Property. Seller shall deliver possession of the Property to the Buyer on the Closing Date in substantially the same condition as of the Effective Date. Buyer acknowledges and agrees that it is purchasing the Property in AS-IS, WHERE-IS condition and with all faults without reliance upon any representation, warranty, opinion, or statement of Seller, or any agent of Seller, express or implied, including wit hout limitation representations, warranties, opinions, or statements as to the Property’s merchantability, condition, fitness or habitability, or fitness for a particular use or purpose; compliance with government requirements and applicable federal, state, and local laws; or the physical or environmental condition of the Property or any portion thereof, except as expressly set forth herein. Buyer affirmatively represents that it has undertaken, or will undertake during the Due Diligence Period, all such investigations of the Property as Buyer deems necessary and appropriate under the circumstances as to the status of the Property and the existence or non-existence of curative action to be taken with respect to any hazardous or toxic substances on or discharged from the Property. Buyer affirmatively represents that it is acquiring the Property solely in reliance on the results of Page 17 of 56 ** DRAFT ** 4 238685v4 its own inspections and due diligence, and on the advice and counsel of its own consultants, agents, legal counsel, and officers. Buyer acknowledges that the provisions of this Section 7 are a material part of the consideration to be received by Seller under this Agreement, and that Seller has agreed to the Purchase Price by reason of such understanding. 8. Seller’s Representations and Warranties. Seller represents and warrants to Buyer, as of the Effective Date and as of the Closing Date, as follows: A. Seller’s Authority. Seller and the persons signing below have the legal power, right and authority to enter into this Agreement, to consummate the transactions contemplated by this Agreement, and to execute and deliver all documents and instruments to be delivered by Buyer under this Agreement. B. Documents. This Agreement and the documents entered into pursuant to this Agreement have been duly authorized, executed, and delivered on behalf of Seller and constitute the valid and binding agreements of Seller, enforceable in accordance with their terms. The Documents delivered to Buyer are true and correct copies, have not been amended or modified, and if currently in full force and effect are free from default or notice of default. C. No Breach. The execution, delivery, and performance by Seller of this Agreement, and the documents entered into pursuant to this Agreement, will not result in a breach or violation by Seller or constitute a default by Seller under any agreement, instrument, or order to which Seller is a party or by which Seller is bound. D. No Liabilities. As of Closing, there will be no obligations or liabilities of any kind or nature whatsoever, including but not limited to, any tax liabilities, contract liabilities, or tort liabilities for which or to which Buyer or the Property will be liable or subject. E. Litigation. There is no litigation pending or, to Seller’s knowledge, litigation threatened in writing that pertains to the Property. F. No Conflicts. Neither the execution, delivery, or performance of this Agreement by Seller, nor the consummation of the transactions contemplated by this Agreement will (i) violate or conflict with any provision of the organizational documents of Seller, or (ii) violate any order, judgment, injunction, award, or decree of any court or arbitration body, by or to which Seller is or may be bound or subject. G. Notices. Seller has not received notice of any of the following: (1) Notice of a violation of any building codes, fire codes, health codes, zoning codes, environmental laws, or other laws and regulations affecting the Property or the use of the Property; (2) Notice of a condemnation, environmental, zoning, or other regulation or proceeding being instituted or planned which would detrimentally affect the use and operation of the Property; or Page 18 of 56 ** DRAFT ** 5 238685v4 (3) Notice of hearing of a public improvement project from any governmental assessing authority, the costs of which may be assessed against the Property. H. Wells. Seller does not know of any wells on the Property (this statement being made pursuant to the disclosure requirements of Minnesota Statutes § 103I.235). I. Individual Sewage Treatment Systems. Seller does not know of any individual sewage treatment systems on the Property or serving the Property (this statement being made pursuant to the disclosure requirements of Minnesota Statutes § 115.55). J. Storage Tanks. Seller does not know of any storage tank on the Property or serving the Property (this statement being made pursuant to the disclosure requirements of Minnesota Statutes § 116.48). K. Methamphetamine Disclosure. To Seller’s knowledge, no methamphetamine production has occurred on the Property. L. Hazardous Substances. To Seller’s knowledge, no toxic or hazardous substances or wastes, pollutants or contaminants (including, without limitation, urea formaldehyde, the group of organic compounds known as polychlorinated biphenyls, petroleum products including gasoline, fuel oil, crude oil and various constituents and such products, and any hazardous substance as defined in the Comprehensive Environmental Response, Compensation and Liability Act of 1980 (“CERCLA”), 42 U.S.C. §§ 9601-9657, as amended) have been generated, treated, stored, released or disposed of, or otherwise placed, deposited in or located on the Property, nor has any activity been undertaken on the Property that would cause or contribute to (i) the Property to become a treatment, storage or disposal facility within the meaning of, or otherwise bring the Property within the ambit of, the Resource Conservation and Recovery Act of 1976 (“RCRA”), 42 U.S.C. § 6901, et seq., or any similar state law or local ordinance; (ii) a release or threaten ed release of toxic or hazardous wastes or substances, pollutants or contaminants, from the Property within the ambit of, CERCLA, or any similar state law of local ordinance; or (iii) the discharge of pollutants or effluents into any water source or system, the dredging or filling of any waters or the discharge into the air of any emissions, that would require a permit under the Federal Water Pollution Control Act, 33 U.S.C. § 1251, et seq., or the Clean Air Act, U.S.C. § 7401, et seq., or any similar state law or local ordinance. To Seller’s knowledge, no substances or conditions exist in or on the Property that may support a claim or cause of action under RCRA, CERCLA or any other federal, state, or local environmental statutes, regulations, ordinances, or other environmental regulatory requirements, including without limitation, the Minnesota Environmental Response and Liability Act, Minnesota Statutes, Chapter 115B (“MERLA”); and the Minnesota Petroleum Tank Release Cleanup Act, Minnesota Statutes, Chapter 115C. M. No Other Interests. Seller and the Property are not subject to any commitment, obligation, or agreement, including, but not limited to, any lease, purchase agreement, contract for deed, right of first refusal, option to purchase, or easement with a third party, which prevents the consummation of the transaction contemplated in this Agreement or which might bind Buyer subsequent to consummation of this Agreement. The Property will be free of any tenancies as of Closing and no party will be in possession of the Property. Page 19 of 56 ** DRAFT ** 6 238685v4 The representations and warranties of Seller set forth in this Agreement shall be deemed remade as of Closing, and said representations and warranties as so remade shall survive Closing for a period of one (1) year after the Closing Date, after which all of the representations and warranties of Seller shall become void and of no further force or effect. 9. Buyer’s Representations and Warranties. Buyer represents and warrants to Seller, as of the Effective Date and as of the Closing Date, as follows: A. Buyer’s Authority. Seller is a public body, corporate and politic, and a political subdivision of the State of Minnesota, and has all requisite power and authority to carry on its business as conducted, to execute and deliver this Agreement, and the documents entered into pursuant to this Agreement, and to carry out its obligations under this Agreement and such documents. B. Legal Matters. There is no pending, or to Buyer’s knowledge, action, suit, or proceeding threatened in writing against Buyer which would materially and adversely affect Buyer’s ability to carry out the transaction contemplated by this Agreement. C. No Conflict. Neither the execution, delivery, or performance by Buyer of this Agreement, nor the consummation of the transaction contemplated by this Agreement will violate any order, judgment, injunction, award or decree of any court or arbitration body, or any other body, by or to which Buyer is or may be bound or subject. D. Bankruptcy. No voluntary, and to Buyer’s knowledge no involuntary, attachments, execution proceedings, assignments for the benefit of creditors, insolvency, bankruptcy, reorganization, or other insolvency-related proceedings are pending against Buyer. The representations and warranties of Buyer set forth in this Agreement shall be deemed remade as of Closing, and said representations and warranties as so remade shall survive Closing for a period of one (1) year after the Closing Date, after which all of the representations and warranties of Seller shall become void and of no further force or effect. 10. Closing. The closing shall be at a location mutually agreed upon by Seller and Buyer. The date for closing the sale and purchase of the Properties (the “Closing”) shall be on or before May 15, 2026, or on a date mutually agreed to by the parties b (the “Closing Date”). At or before Closing, Seller and Buyer shall disclose their Federal Tax Identification Numbers for the purposes of completing state and federal tax forms. A. Seller’s Deliveries at Closing. On the Closing Date, Seller must execute and/or deliver to Buyer the following items and documents, all of which must be in form reasonably satisfactory to Buyer’s title company: (1) Warranty Deed conveying marketable title to the Property to Buyer, subject to: (a) building and zoning laws, ordinances, state and federal regulations; Page 20 of 56 ** DRAFT ** 7 238685v4 (b) reservations of any mineral rights by the State of Minnesota; and (c) Permitted Encumbrances, if any. (2) Affidavit of Seller, indicating that on the Closing Date there are no outstanding, unsatisfied judgments, tax liens or bankruptcies against or involving either Seller or the Property, and that, except for activities undertaken by Buyer pursuant to this Agreement, there has been no skill, labor or material furnished to the Property at Seller’s request for which payment has not been made or for which mechanics’ liens could be filed, and that there are no other unrecorded interests in the Property. (3) A non-foreign affidavit executed by Seller, containing such information as required by IRC Section 1445(b)(2) and its regulations. (4) Seller’s Certificate of Real Estate Value. (5) A “bring-down” certificate, attesting that the representations and warranties made in this Agreement are true and accurate as of the Closing Date. (6) All other documents reasonably determined by Buyer’s title company to be necessary to transfer the fee interest in the Property to Buyer in the manner required by this Agreement. (7) Keys to the Property and all remote devices for operation of fixtures remaining on the Property, including but not limited to garage door openers or garage door opener codes, if applicable. B. Buyer’s Deliveries at Closing. On the Closing Date, Buyer must execute and/or deliver to Seller the following: (1) Purchase Price, subject to adjustments as provided in this Agreement, by wire transfer of U.S. Federal Funds or by certified check. (2) A “bring-down” certificate, attesting that the representations and warranties made in this Agreement are true and accurate as of the Closing Date. (3) Such other documents as may reasonably be required by title. 11. No Relocation. No Relocation Benefits. Seller acknowledges that Seller initiated negotiations with Buyer regarding the sale of the Property. Seller further acknowledges that if the parties are unable to reach an agreement regarding Buyer’s purchase of the Property, the Buyer will not acquire the Property and will not initiate eminent domain proceedings for the acquisition of the Property. Seller acknowledges that Seller is not a “displaced person” within the meaning of Minnesota Statutes, Section 117.50, and is not entitled to relocation benefits or services. Seller Page 21 of 56 ** DRAFT ** 8 238685v4 represents and warrants that Seller will make no claim for relocation benefits or services in connection with the Buyer’s acquisition of the Property. 12. Notices. Any notice, demand, or document which any party is required or any party desires to give or deliver to or make upon any other party shall, in the case of a notice or demand, be in writing, and may be personally delivered, delivered by a nationally recognized courier service guaranteeing overnight delivery, or given or made by United States registered or certified mail, return receipt requested, with postage prepaid, addressed as follows: To Seller: Bruce V. Adkins 19686 Everest Path Farmington, MN 55024 To Buyer: Economic Development Authority for the City of Farmington ATTN: Executive Director 430 Third Street Farmington, MN 55024 With a copy to Buyer’s Counsel: Campbell Knutson, P.A. Grand Oak Office Center I 860 Blue Gentian Road, Suite 290 Eagan, MN 55121 Attn: Amy Schmidt 13. Brokers. Each party represents to the other that it has not engaged any party as a broker in connection with the transactions contemplated by this Agreement, and that no other commissions are due to any broker associated with this Agreement. Each party agrees that it will indemnify the other party from and against any and all liability to which Seller may be subjected by any broker’s, finder’s, or similar fee with respect to the transaction contemplated by this Agreement. 14. Minnesota Law. This Agreement shall be governed by the laws of the State of Minnesota, and any dispute arising from this Agreement shall be venued in the Minnesota District Court in and for Dakota County. 15. Severability. If any provision of this Agreement is invalid or unenforceable, such provision shall be deemed to be modified to be within the limits of enforceability or validity, if feasible; however, if the offending provision cannot be so modified, it shall be stricken and all other provisions of this Agreement in all other respects shall remain valid and enforceable. 16. Entire Agreement; Modification. This written Agreement constitutes the complete agreement between the parties and supersedes any prior oral or written agreements between the parties regarding the Property. There are no verbal agreements that change this Page 22 of 56 ** DRAFT ** 9 238685v4 Agreement and no waiver of any of its terms will be effective unless in a writing executed by the parties. 17. No Assignment. Buyer may not assign its interest in this Agreement without prior written consent of Seller. If Seller consents, such consent shall not be construed as a consent to any other transfer or assignment of Buyer’s rights or obligations under this Agreement. Any transfer or assignment in violation of this Paragraph will not be valid or enforceable. 18. Binding Effect. This Agreement shall be binding upon and inure to the benefit of the parties to this Agreement and their respective heirs or successors and permitted assigns. 19. Time is of the Essence. Time is of the essence for all provisions of this Agreement. 20. Counterparts; Electronic Signatures. The parties may sign this Agreement in one or more counterparts, each of which constitutes an original, but all of which together constitute but one and the same instrument. The parties agree that this Agreement may be executed electronic signature of any party on any document related to this transaction, including this Agreement, constitutes a valid, binding signature. Signature pages may be electronically executed and delivered, including by facsimile, any electronic method complying with the federal ESIGN Act (e.g., DocuSign) or by wet ink signature captured on a pdf email attachment, and any signature pages so executed and delivered shall be valid and binding for all purposes. 21. Survival. Except as provided in Sections 8 and 9 of this Agreement, all of the terms of this Agreement shall indefinitely survive the Closing of this transaction and delivery of the Deed by Seller, and shall be enforceable after the Closing. 22. Incorporation of Recitals and Exhibit. The Recitals at the beginning of this Agreement, and the Exhibit that is attached to this Agreement, are true and correct, and are incorporated into and made part of this Agreement. [Signature pages follow] Page 23 of 56 ** DRAFT ** 10 238685v4 SELLER SIGNATURE PAGE TO PURCHASE AGREEMENT SELLER: BRUCE V. ADKINS Bruce V. Adkins Page 24 of 56 ** DRAFT ** 11 238685v4 BUYER SIGNATURE PAGE TO PURCHASE AGREEMENT BUYER: ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF FARMINGTON Jake Cordes, Chair Deanna Kuennen, Executive Director Page 25 of 56 ** DRAFT ** 12 238685v4 EXHIBIT A TO PURCHASE AGREEMENT Legal Description of Property The North 50 feet of Lots 10 and 11, Block 8 Town of Farmington PID: 147700008110 Page 26 of 56 ECONOMIC DEVELOPMENT AUTHORITY AGENDA MEMO To: Economic Development Authority From: Stephanie Aman, Economic Development Coordinator Department: EDA Subject: Funding Request for 2026 Event Series - Downtown Social Meeting: Economic Development Authority - Mar 16 2026 INTRODUCTION: Downtown Social is beginning its second season of attracting people to Farmington's downtown. The organizers have reached out to the city seeking collaboration with promotion and funding. Staff met with key organizers to better understand what it is that they have done, what they hope to accomplish this season, and how they wish to move forward in the future. For background: Downtown Social is a collaboration of brick-and-mortar businesses in downtown Farmington that formed organically last year and they aim to increase foot traffic, support local merchants, and strengthen downtown vibrancy. The group proposes hosting monthly Downtown Social events on the fourth Thursday from (weather dependent - April) May–September 2026, featuring live music, extended retail hours, family-friendly gathering spaces, and food/beverage options. The organizers anticipate temporary street closures, music permitting, and general event coordination support. They understand that this event will scale up as it grows in popularity and are looking for that assistance as well. Although still in early stages for future bigger events, Downtown Social is working intentionally to build an inclusive model. Organizers have expressed strong interest in ensuring that any Farmington brick-and-mortar business that wishes to participate can be incorporated into the monthly events. These businesses have invested in Farmington, and they are now requesting the EDA to provide an investment into them. DISCUSSION: Staff, in the past, have indicated that, in lieu of formal programming, we will bring forward funding requests that align with the EDA's mission, priorities, and goals. Based on the EDA’s established priorities of supporting local businesses, strengthening downtown vitality, and fostering a climate that encourages business growth and retention, Downtown Social's concepts and plans are directly aligned with the EDA's goals. City Council has also provided clear direction to continue prioritizing economic development strategies that emphasize business support, visibility, and long-term vibrancy. Page 27 of 56 As the EDA considers the funding request for Downtown Social’s 2026 program, their mission advances the EDA priorities in the following ways:  Supports Business Retention and Growth Downtown Social's events are designed to drive foot traffic and sales for downtown businesses, directly benefiting the city’s brick-and-mortar retail, service, and food establishments located in the downtown.  Expands Downtown Activation Efforts Regular, predictable programming helps build habits which attracts residents and visitors to the downtown.  Strengthens Merchant Collaboration The Downtown Social group provides a structure for ongoing business-to-business coordination, which is an essential building block of a thriving commercial district.  Advances Placemaking and Economic Development Goals Activating spaces in Farmington's downtown is key for growth initiatives. Helping to make these events a success through city participation and promotion, monetarily and with advertising, shows a commitment to our local business owners. Supporting this early-stage, grassroots efforts cultivate the partnerships necessary for long-range downtown development efforts.  Builds Community Identity enhance and cohesion community community events Family-friendly support perceptions of the community as an inviting, active public space with lots of things to do! This is a great opportunity to showcase Farmington's locally owned small business community. Attached is the information, budget, and request from Downtown Social stakeholders. BUDGET IMPACT: Up to $6000. ACTION REQUESTED: Staff request that the EDA consider providing the requested $6000 to support the 2026 Downtown Social Event Series. ATTACHMENTS: March 2026 - V2 -Downtown Social EDA Proposal Page 28 of 56 Dear EDA Commissioners, Attached please find the proposal for Downtown Social Community Event, currently planned to be held on the fourth Thursday of each month from May to September 2026. As a voluntary, collaborative endeavor by downtown brick-and-mortar businesses, now in its second year, this event aims to boost foot traffic to shops, extend shopping hours, and create a recurring sense of community, culminating in a vibrant gathering space anchored in our downtown. While Farmington does not yet operate a formal Social District, there is significant state- level momentum to establish a Social District in Farmington. On March 4, 2026, the Minnesota Senate introduced SF 4101, authored by Senator Lieske, to allow Farmington to establish a social-district liquor license. In the House, HF 4036, introduced by Representative Roach on March 5, parallels this effort. While these bills advance through the legislative process, Downtown Social seeks EDA support as a step forward toward fostering a social-district-like environment. Downtown Social recognizes that establishing a lawful Social District takes time, requires community support, and careful consideration by City Council. In the interim, we are requesting $6,000 in EDA funding. This support will cover core event costs that are laid out in our proposal: live music, advertising, street closure logistics, and restroom rentals, for 2026 season. With EDA partnership, Downtown Social can expand on lessons learned in 2025 and make plans for the future. In 2025, businesses collectively covered the costs, but as we look to expand, we are seeking City support of this small business endeavor. This approach to business-driven activation, supporting local merchants and building momentum toward a future social- district framework sets the city and downtown up for continued success! We appreciate your time and consideration for our request. Sincerely, Laura Hanks & Jared Cooley Farmington Downtown Social Main Street Salon & Apparel Co. Page 29 of 56 Downtown Social Community Event Submitted to: Stephanie Aman and the Farmington Economic Development Agency Submitted by: Downtown Social Laura Hanks & Jared Cooley 1. Event Overview Event Name: Downtown Social Location: Downtown Farmington, MN Proposed Dates: 4th Thursday of Each Month May 2026- September 2026 Time: 5:00pm-8:00pm Downtown Social is a collaborative community event hosted by our brick-and-mortar downtown businesses. The goal is to create a welcoming, vibrant evening experience in our historic downtown district that encourages residents and visitors to gather, shop local, dine local, and strengthen community connections. The event will include: •Live local music •Outdoor food •Extended shopping hours for downtown retailers •Family-friendly social atmosphere •Outdoor gathering spaces with option of bringing chairs This event supports small businesses, drives foot traffic, and highlights our historic downtown as the heart of our community. 2. Purpose & Community Impact Downtown Social aims to: •Increase foot traffic and sales for local businesses •Strengthen collaboration among downtown merchants •Create a recurring community tradition •Support local musicians and restaurants •Promote economic growth within the downtown district By activating our downtown streets in a positive and organized way, we anticipate increased visibility for businesses and long-term economic impact. Page 30 of 56 3. Street Closure & City Support Request To safely host this event, we are proposing: •Temporary closure of 3rd St. between Hwy 50 and Oak St. (Rotating possibly Oak to Spruce St.) •Barricades provided by the city (if available) •Permission for outdoor music and amplified sound •Coordination with local law enforcement and/or public works Permits: We are requesting help with any permits that this event may require. We are committed to working closely with city staff to ensure all safety regulations are met. 4. Estimated Event Budget Below is a projected monthly budget for one Downtown Social event: Expense Category Estimated Cost Live Music (Band/DJ)$600 Social Media & Advertising $200 Barricades / Street Closure Support ? Portable Restrooms $400 Total Estimated Budget $1200+ We are requesting financial support in the amount of: $6000 This amount would cover costs for all 5 events May 2026-Septmeber 2026 Downtown businesses will also contribute through sponsorships, volunteer coordination, and in-kind donations. 5. Long-Term Vision Downtown Social is designed to be: Page 31 of 56 •A recurring monthly or seasonal event •A catalyst for increased downtown vibrancy •A foundation for future festivals, possible social district, and economic growth initiatives With support from the Economic Development Agency and the City, this event can become a signature attraction for our community. 6. Conclusion Downtown Social represents a collaborative effort among our brick-and-mortar businesses to strengthen community engagement and drive economic activity in our historic downtown district. We respectfully request the City’s support through funding assistance, street closure approval, and partnership in making this event safe, successful, and sustainable. Page 32 of 56 ECONOMIC DEVELOPMENT AUTHORITY AGENDA MEMO To: Economic Development Authority From: Deanna Kuennen, Community & Economic Development Director Department: EDA Subject: Letter of Support - Childcare Economic Development Grant, Mis Tortuguitas Meeting: Economic Development Authority - Mar 16 2026 INTRODUCTION: The Dakota County Community Development Agency (CDA) has committed to submitting a DEED Childcare Economic Development Grant on behalf of Mis Tortuguitas located in Farmington - to help fund the expansion of the newly opened Spanish immersion daycare. The Childcare Economic Development Grant is a competitive state-wide grant program intended to reduce the childcare shortage by funding childcare start-ups or expansions, and other qualified childcare specific expenses such as training and facility modifications. The CDA is requesting a letter of support from the EDA to support the grant application. DISCUSSION: Mis Tortuguitas, the only Spanish immersion daycare in Farmington, located at 19645 Pilot Knob Road, recently opened in November 2025. They have already expressed their desire to expand at their current location. To facilitate the expansion, they are pursuing a DEED Childcare is program grant this of toThe Grant. Development Economic purpose implement solutions to reduce the childcare shortage in the state including but not limited to long-term and retention expansion, or business childcare for funding start-ups sustainability of current child care programs, training, facility modifications, direct subsidies or incentives to retain employees, or improvements required for licensing, and assistance with licensing and other regulatory requirements. $1,425,000 is available state-wide through round one of a competitive process, in which applications are due March 17, 2026. Mis Tortuguitas is seeking the maximum grant for an individual program ($100,000) to expand into an adjacent 1,824 square foot commercial suite, increasing the total daycare footprint to approximately 6,150 square feet. The project would add three (3) additional classrooms and increase the total licensed capacity from 52 to 90 children, creating 38 new childcare spots:  Infants = 12  Toddlers = 16  Preschool = 10 Page 33 of 56 Mis Tortuguitas has reached out to the CDA to submit the grant on their behalf. Individual childcare programs are required to partner on their funding requests with local or regional organizations with experience in planning/financing childcare facilities and programs. The CDA has this experience. The CDA has agreed to partner and has additionally requested a letter of support from the EDA. Priority will be given to project that demonstrate support from the community in which the project will take place. Childcare is important from an economic development perspective. Across the state, including in Dakota County, there is shortage of licensed childcare, particularly for children under the age of five. The lack of available childcare is one of the top factors impacting employers and their ability to hire and retain the needed workforce. This proposed project leverages public funds to create additional permanent childcare infrastructure. To date, the City has supported Mis Tortuguitas in multiple ways. Prior to Mis Tortuguitas securing a location, code building and planning/zoning to answer the with met Staff owners questions, the Building Official remained accessible throughout the construction process to ensure timely responses to questions as they arose, Staff facilitated connections and introductions to resources and potential partners, and the EDA's ongoing and long-term partnership with Open to Business continues to provide valuable access to (free) business counseling Tortuguitas the completed Mis has qualifying for capital and business. architectural planning associated with the proposed expansion project and anticipates full project completion approximately eight (8) months from the grant award. Providing a letter of support demonstrates the City's own role in supporting our businesses and the importance that this potential project has on addressing the regional childcare shortage workforce supports directly Tortuguitas Mis of the how and expansion participation by enabling additional families to access reliable childcare. This action also aligns with the EDA's work plan in the following ways:  Business Retention, Expansion & Workforce Alignment - supporting existing businesses in the growth.  Relationship Building & Strategic Partnerships - Leveraging regional partnerships to amplify impact and access to opportunities.  Incentives, Programs, & Resource Leveraging - Aligning external sources to support business growth. ACTION REQUESTED: Authorize the EDA Chair to send a letter on behalf of the EDA to support the Mis Tortuguitas Child Care Economic Development Grant application being submitted by the Dakota County Community Development Agency. ATTACHMENTS: Letter of Support Page 34 of 56 ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF FARMINGTON March 16, 2026 Minnesota Department of Employment and Economic Development Childcare Economic Development Grant Program Great Northern Building 180 E 5th St, Suite 1200 St. Paul, MN 55101 Dear Grant Review Committee, The Farmington Economic Development Authority (EDA) is pleased to offer its strong support for the DEED Childcare Economic Development Grant application submitted by the Dakota County Community Development Agency (CDA) on behalf of Mis Tortuguitas, located at 19645 Pilot Knob Road in Farmington. Mis Tortuguitas is the community’s only Spanish immersion childcare provider and an important addition to Farmington’s growing childcare ecosystem since opening in November 2025. Mis Tortuguitas is seeking grant funding to expand into an adjacent 1,824 square foot commercial suite, increasing its total footprint to approximately 6,150 square feet. This expansion will add three classrooms and increase the program’s licensed capacity from 52 children to 90, creating 38 new childcare slots, including 12 infant, 16 toddler, and 10 preschool spaces. Expanding access to high quality childcare, particularly for children under age five, is critically important to our community and regional workforce. The Farmington EDA recognizes childcare as essential economic development infrastructure. Across Dakota County and throughout Minnesota, limited childcare availability continues to impact workforce participation and employers’ ability to recruit and retain employees. Projects like this directly support local families and local employers and strengthen the broader economy. Page 35 of 56 The City of Farmington and the EDA have supported Mis Tortuguitas since its earliest stages. Prior to securing its location, City Staff met with the owners to review planning, zoning, and building code requirements. Throughout the construction process, the Building Official remained accessible to ensure timely responses to technical questions, and the site is currently zoned for use. Staff also facilitated introductions to local resources and potential partners to help support the business’ successful launch. Moving forward, Farmington remains committed to supporting the long-term success and sustainability of childcare providers in our community. Mis Tortuguitas will continue to have access to business assistance resources supported by the EDA, including connections to Open to Business, which provides free business counseling and access to capital for qualifying businesses. In addition, City Staff will continue to provide technical assistance and regulatory guidance to support the successful completion of the proposed expansion. The EDA strongly supports this project and believes it represents an important investment in Farmington’s families, workforce, and long-term economic vitality. Expanding Mis Tortuguitas will create much-needed childcare capacity while strengthening the diversity and quality of services available to our residents. We are proud to be partners. Thank you for your consideration of this important project. Sincerely, Jake Cordes, Chair Economic Development Authority of the City of Farmington Page 36 of 56 ECONOMIC DEVELOPMENT AUTHORITY AGENDA MEMO To: Economic Development Authority From: Deanna Kuennen, Community & Economic Development Director Department: EDA Subject: "Share the Downtown" - 15 Minute Parking Pilot Program Meeting: Economic Development Authority - Mar 16 2026 INTRODUCTION: At the August 2025 EDA meeting, the EDA discussed a "Share the Downtown" campaign, which included a number of implementation steps to preserve parking in the downtown for customers. After much discussion, the EDA indicated that they were interested in pursuing the short-term parking spots portion of the plan as a pilot program but wanted additional thought put into the location and number of the spots. DISCUSSION: With the increased activity in downtown, there is also a greater demand for convenient parking options that support quick visits to local businesses. Several businesses/property owners have expressed interest in seeing the City add short-term parking spot in the downtown. These spaces could be used for drop-off/pick-ups, would be courtesy spaces (meaning no Police enforcement), and collectively would encourage parking turnover that would support businesses. In addition, the spaces should be consistently placed in locations per block to support all businesses versus having spaces only located in areas in response to specific requests from individual businesses. At the August 2025 meeting the EDA reviewed the proposed locations for the 15-minute "Quick Stop Spots." The proposed locations included:  One spot per block on each side of the street along 3rd Street between Spruce and Elm (total of 4 spots)  These spots would be located at the corner and/or the space adjacent to existing ADA spaces  This plan recognized that 15-minute spaces already exist on Elm Street, which would remain.  TOTAL 15-MINUTE SPOTS = 8 Another option would be to add additional spots on the north and south sides of Oak Street, east of 3rd Street, bringing the total number of 15-minute spots to 10. Page 37 of 56 The attached maps show existing 15-minute spots and the proposed spots (version 1 and version 2). Once the number and location of the spots is agreed upon, the "Quick Stop Spot" downtown parking pilot program will be ready to launch. This will include putting information on the city's website, mailings to downtown businesses and property owners, and using social media to communicate with residents, businesses, and visitors. The following was also published in the Spring 2026 Currents to announce the pilot program: As a pilot program, the 15-minute spots would be installed and remain all year. Based on feedback, if the program is a success, the spots can remain permanently and/or be Page 38 of 56 revisited in the future as the composition of downtown changes. If the program does not have the intended outcome, the signs can be removed at the City Council's direction. The pilot program aligns with the EDA's work plan by supporting existing businesses and strengthening the local economy from within. BUDGET IMPACT: $25 per sign - installation by City Staff. ACTION REQUESTED: Approve number and location of "Quick Stop Spots" and recommend to City Council that the Quick Stop Spot 15-Minute parking pilot be authorized for implementation - including communication plan and installation. ATTACHMENTS: Proposed 15 Minute Parking - Version 1 Proposed 15 Minute Parking - Version 2 8-18-25 EDA Meeting _Share Our Downtown_ - Parking Campaign Page 39 of 56 Northern S tates Power Co r i n thian L odge/Fa r m i ngto n Ba Fi n n e g a n W h s e F o r m e r F a r m i n g t o n S t a te B a n k F a r m i n g to n S t e a k H o u s e T o w n S p o r t s , L L C 3 r d S t Oak S t C ar q u es t of Fa r m ingto n Far ming ton B us i n es s Cente r V in tage M ar k et P la c e P i zz a M an Top Notc h P r o per tie s P .H .F e e l y & S o n s I n c H e i k k i l a S t u d i o Fa r m i ngto n C hi r opr ac tic Cli ni c R am bli n g R iv er Guns P i z z a M a n T o p N o t c h P r o p e r t i e s300 OAK ST 320 3RD ST 321 3RD ST 311 OAK ST 216 OAK ST 340 3RD ST 314 OAK ST 316 OAK ST 205 OAK ST 324 3RD ST 332 3RD ST 345 3RD ST 341 3RD ST 331 3RD ST 306 OAK ST 212 2ND ST 212 OAK ST210 OAK ST 400 3RD ST 302 OAK ST 329 3RD ST 409 3RD ST Prepared on:3/10/2026 by: 0 25 5012.5 Feet ± Existing Short Term Parking Spot Proposed 15 MInute Parking Spot Tax Parcels Proposed 15 Minute Parking Spots Page 40 of 56 Northern S tates Power Co r i n thian L odge/Fa r m i ngto n Ba Fi n n e g a n W h s e F o r m e r F a r m i n g t o n S t a te B a n k F a r m i n g to n S t e a k H o u s e T o w n S p o r t s , L L C 3 r d S t Oak S t C ar q u es t of Fa r m ingto n Far ming ton B us i n es s Cente r V in tage M ar k et P la c e P i zz a M an Top Notc h P r o per tie s P .H .F e e l y & S o n s I n c H e i k k i l a S t u d i o Fa r m i ngto n C hi r opr ac tic Cli ni c R am bli n g R iv er Guns P i z z a M a n T o p N o t c h P r o p e r t i e s300 OAK ST 320 3RD ST 321 3RD ST 311 OAK ST 216 OAK ST 340 3RD ST 314 OAK ST 316 OAK ST 205 OAK ST 324 3RD ST 332 3RD ST 345 3RD ST 341 3RD ST 331 3RD ST 306 OAK ST 212 2ND ST 212 OAK ST210 OAK ST 400 3RD ST 302 OAK ST 329 3RD ST 409 3RD ST Prepared on:3/10/2026 by: 0 25 5012.5 Feet ± Existing Short Term Parking Spot Proposed 15 MInute Parking Spot Optional Additional Parking Spot Tax Parcels Proposed 15 Minute Parking Spots Page 41 of 56 ECONOMIC DEVELOPMENT AUTHORITY AGENDA MEMO To: Economic Development Authority From: Deanna Kuennen, Community & Economic Development Director Department: EDA Subject: "Share Our Downtown" - Parking Campaign Meeting: Economic Development Authority - Aug 18 2025 INTRODUCTION: Over the years the City has received comments regarding the limited parking in the downtown. Downtown Farmington, like most thriving downtown areas, have times when parking is scarce. There is never one solution that will address these real and/or perceived parking issues - but instead a multi-faceted, layered approach can help to inform and educate those who frequent the downtown, hopefully modifying behaviors which ultimately support our downtown businesses. The proposed "Share Our Downtown" campaign is aimed at acknowledging that there is limited parking in the downtown, educating and informing business owners and visitors that off-street public parking is available, and implementing signage that supports quick visits and identifies parking areas. DISCUSSION: The downtown Farmington storefronts are full and investment continues to occur in the downtown area. These are good things - but the increased activity also contributes to an increased demand for close parking. Visitors, business owners, and employees want to be able to park near their destination, especially when making just a quick stop. The same visitors, business owners, and employees also want to have safe parking areas - that are easily identifiable and easily accessible. Both the beauty of authentic and thriving downtowns and the challenge is that businesses are not required to provide their own off-street parking, therefore the public parking on the street is at a premium at certain times/days. A few years ago, with the anticipated increase of traffic in the downtown with the addition of The Emery - Staff completed an exercise to map all the downtown parking areas and spaces (300 total). The map was shared and people were encouraged to use the public parking lots. However, it was noted that the public parking lots are not easily identified. To address this, the Wayfinding Plan included the recommendation for Parking Signs at key locations. Fast-forward to today. The Emery is complete and additional investment has occurred in the downtown. Multiple property/businesses owners have expressed their desire to see short-term parking spots in the downtown. These spaces could be used for visitors making quick stops, could be used for drop-off/pick-ups, and collectively would encourage parking turnover that would support our businesses. The concept of designated 15-minute "courtesy" parking spots was discussed at the city's Development Review Committe (DRC) meeting. It was agreed that responding to individual business requests is not in the best interest of the downtown as a collective - having Page 42 of 56 designated spots in consistent locations per block would be an acceptable option. These space would be identified with signage and would support the downtown as a whole. Based on this discussion, a "Share Our Downtown" campaign has been developed. The campaign would include the following components: 1. 15-minute "Quick Stop Spots" 2. Parking Signs identifying Public Parking as recommended in the Wayfinding Plan 3. Page on the city's website with Downtown Parking information 4. Mailing(s) to downtown property owners and businesses 5. Window clings/posters - so businesses can outwardly show their support for the initiative 6. Downtown Identifier signage kick starting the implementation of the Wayfinding Plan Staff is seeking authorization to launch the "Share Our Downtown" campaign. This would involve the acquisition and installation of signs, launch of the webpage, mailings, and opportunities to receive feedback. Attached please find the campaign plan with additional details. BUDGET IMPACT: Approximately $55,000 - from Programming Expenses and Unallocated Funds ACTION REQUESTED: Authorize Staff to proceed with launching the "Share Our Downtown" campaign, utilizing programming funds. ATTACHMENTS: SHARE OUR DOWNTOWN logo and campaign Page 43 of 56 SHARE OUR DOWNTOWN Support our Shops. Campaign Purpose: Encourage residents, employees, "regulars", and visitors to preserve closer spots for small business customers. Core Message: • Share Our Downtown. • Save a Spot. Support our Shops. • Every Spot Counts. Engagement: • Work with downtown champions to spread the message • Use social media to build awareness and recognition - #ShareOurDowntown hashtags, photo shoutouts, etc. Implementation Plan: 1. Short Term Parking Spots • One spot per block along 3rd St between Spruce and Elm (total 4 spots) • Spots located near the corner and/or adjacent to existing ADA spaces • These spaces would not be monitored and enforced by the Police Department – courtesy spaces • Standard Size sign (12x18-inches) – temporary installed at first to gather feedback • Cost - $25 per sign, plus post and installation Page 44 of 56 2. Public Parking Signs It is important to clearly identify public parking lots in conjunction with implementing a campaign that encourages use of off-street parking. • Easily identify public parking opportunities • Cost - $25 per sign plus post and installation Page 45 of 56 3. Communications • Postcards for business and property owners announcing initiative • Webpage with downtown parking map and additional information (QR Code to be included on postcard) • Posters/window clings provided to businesses who want to support the initiative • Use of social media • Cost – printing Text still under development 4. Downtown Identifier Signs The Downtown Identifier Signs are part of the Wayfinding Plan. • Installation of two signs • Cost - $25,000 per sign *Staff has applied twice for a T-Mobile grant to fund this component of the wayfinding plan. Unfortunately, the project has not been awarded funding.* Page 46 of 56 Page 47 of 56 ECONOMIC DEVELOPMENT AUTHORITY AGENDA MEMO To: Economic Development Authority From: Deanna Kuennen, Community & Economic Development Director Department: EDA Subject: Director's Report Meeting: Economic Development Authority - Mar 16 2026 INTRODUCTION: Attached please find a summary of recent economic development activities. Additional details regarding some of the activity may be highlighted separately in the EDA packet. DISCUSSION: Attached please find a summary of recent economic development activities. Staff will be available to answer questions. ACTION REQUESTED: No action requested. This item is informational and is provided to communicate how the EDA time and money resources are allocated and to track and measure the impact of initiatives. ATTACHMENTS: 03-2026 meeting Page 48 of 56 Reporting Period: March 2026 DIRECTOR’S REPORT – providing project highlights and a summary of economic development activity. Projects & Initiatives Farmington Technology Park - Data Center (Farmington Technology Park) | Farmington, MN Information about the project including the project timeline, actions, official documents (applications, staff reports, resolutions, and presentations) can be found on the webpage. As more information becomes available, information will be added and/or this page will be used to link to other sources. Prospects • Request For Information (RFIs) Project Kraken – DID NOT SUBMIT – medical equipment assembly and manufacturing, seeking existing buildings only. Canadian Company – DID NOT SUBMIT – manufacturing plant seeking existing buildings only. Project Sarek – DID NOT SUBMIT – rare earth magnet manufacturing facility seeking existing buildings only. Project Corona – DID NOT SUBMIT – food manufacturing/retail operation, seeking acreage. Project Heart – DID NOT SUBMIT – seeking 60+ acres requiring rail access for a heavy power user. Project lead from DEED and will require an NDA. Project Blue – DID NOT SUBMIT – only considering existing buildings. Project lead from GreaterMSP Project Locksmith 2 – DID NOT SUBMIT – manufacturer of high-end dairy products, only considering existing buildings previously used for dairy production/food grade. Project Black Sabill – DID NOT SUBMIT – seeking minimum 250-acre site for heavy industrial user/manufacturing plant. Project Duck – International company, seeking existing building (move-in ready) for a manufacturing operation. Project Gamma – DID NOT SUBMIT – seeking existing building, minimum, 250,ooo SF in size for AI and robotics company. Project Green – SUBMITTED sites for consideration – distribution hub seeking industrial land for purchase. Site evaluation process is still underway, and all submitted sites are still under consideration. Page 49 of 56 Project SOL – SUBMITTED sites for consideration – manufacturing center of excellence seeking land for purchase. With land available as purchase agreements have expired, staff have contacted older RFI holders to determine if there are additional fits for newly available land. Still waiting for next steps. DEED has notified metro communities that RFI activity is very minimal currently. • Developer Meetings Staff make a concerted effort to meet with developers and real estate brokers who have expressed interest in working in Farmington. Conversations are ongoing, circling back as opportunities present themselves to be explored and vetted: o Sever Commercial Construction o MWF o DBS o Acumen o DR Horton o Synergy Land Co. o Cushing Terrell o CORE Real Estate Group o Caughan Companies o Obsidian o Ozhi Development o Bauer Design & Build o Remain RE o NEOO Partners o CBRE o Cushman & Wakefield o NEOO Partners o CERRON Commercial Properties, LLC o G. M. / Acumen Business Solutions, LLC o Upland Real Estate Group o Cushing Terrell o Remain RE / APPRO o CORE Real Estate Group – exploring small site multi-family o Acumen Business Solutions, LLC – connected with local property owner o T.G – discussed residential development o Remain RE – connected with local business owner o • Other Prospects Initial conversations have occurred with existing and prospective businesses looking to locate/relocate in Farmington. The types of projects that are represented include entertainment, services, hospitality, manufacturing, distribution, commercial/retail, quick-serve restaurants, daycare, and MF housing. Page 50 of 56 Other • Grocery Initiative At its February 2025 meeting, the EDA authorized staff to move forward with completing a grocery market study for Farmington. The report, which was shared with the EDA at their May meeting, is actively being used to market Farmington to groceries, developers, wholesalers, etc. . **The report has been provided to multiple parties allowing the grocery conversation to advance. Prior to having the report, Staff was only able to provide anecdotal information. Now the conversations focus on data.** Staff will be building out a “public facing” component to the grocery recruitment efforts. This will likely involve community surveys, a page on the website with market information, etc. utilizing insights from the KState Rural Grocery Initiative. At the March 12, 2026 MREJ Land Development Summit – Staff discussed the Grocery Study with a developer and will have follow up meeting in April. • Ribbon Cuttings/Open House Trinity – celebrated on February 5, 2026. This was the first “enhanced” ribbon cutting with video. Mis Tortuguitas – celebrated on February 19, 2026. Partner Meetings Staff is continuing to prioritize connecting and leveraging our economic development partners – including the Minnesota Trade Office, DEED, Greater MSP, utility providers, and other organizations. Partner presentations will be scheduled throughout 2026, and Staff will continue to participate in regional activities that provide exposure and access. An example of this is Staff attended the Greater MSP Partnership Next26 event on March 3rd to learn about the plans for the region and to better understand Farmington’s place in the region. Partner invitations will be sent shortly for upcoming EDA meetings, for partners to share their vision, role, and plans. This will provide an opportunity for the EDA to connect with these partners, ask questions, gain a broader understanding of how our work aligns, and learn how we can leverage these relationships. 2025 Partner Meetings: DCTC/Inver Hills College - March MCCD / Open to Business – April Dakota County CDA – May CVN/Brookshire - June Dakota County Regional Chamber - July University of Minnesota Extension Office – October Page 51 of 56 2026 Partner Meetings: GreaterMSP DEED Utility Partners – Xcel, Dakota Electric, Northern Natural Gas Others, TBD • MREE Staff plan to be more involved in this organization in 2026. More information to come. • MREJ – Summits/Conferences/Awards Staff tabled at the MREJ Apartment Summit in January. These tabling and networking events foster deeper conversations and connections with brokers/agents/developers who typically see Team Farmington presenting and tabling at the MREJ Summits. Staff tabled at the MREJ Land Development Summit in March and also spoke on the “Municipal Collaboration in Minnesota: Making Public-Private Partnerships Work” panel. • Other Speaking/Presentation Invitations & Commitments o TBD • Economic Development Website Staff have been implementing the Economic Development Website Revamp as presented at the February EDA meeting. More information to come. • Strategic Land Acquisition/Shovel Readiness Staff continue to explore opportunities to increase the available land supply and/or the level of shovel readiness associated with existing land. Conversations are underway with developers and property owners exploring what this could mean for key opportunity sites. A new, more visually attractive map asset has been produced, allowing staff to engage in broader conversations. More information to come. Page 52 of 56 Reporting Period: March 2026 DIRECTOR’S REPORT – providing project highlights and a summary of economic development activity. Projects & Initiatives Farmington Technology Park - Data Center (Farmington Technology Park) | Farmington, MN Information about the project including the project timeline, actions, official documents (applications, staff reports, resolutions, and presentations) can be found on the webpage. As more information becomes available, information will be added and/or this page will be used to link to other sources. Prospects • Request For Information (RFIs) Project Kraken – DID NOT SUBMIT – medical equipment assembly and manufacturing, seeking existing buildings only. Canadian Company – DID NOT SUBMIT – manufacturing plant seeking existing buildings only. Project Sarek – DID NOT SUBMIT – rare earth magnet manufacturing facility seeking existing buildings only. Project Corona – DID NOT SUBMIT – food manufacturing/retail operation, seeking acreage. Project Heart – DID NOT SUBMIT – seeking 60+ acres requiring rail access for a heavy power user. Project lead from DEED and will require an NDA. Project Blue – DID NOT SUBMIT – only considering existing buildings. Project lead from GreaterMSP Project Locksmith 2 – DID NOT SUBMIT – manufacturer of high-end dairy products, only considering existing buildings previously used for dairy production/food grade. Project Black Sabill – DID NOT SUBMIT – seeking minimum 250-acre site for heavy industrial user/manufacturing plant. Project Duck – International company, seeking existing building (move-in ready) for a manufacturing operation. Project Gamma – DID NOT SUBMIT – seeking existing building, minimum, 250,ooo SF in size for AI and robotics company. Project Green – SUBMITTED sites for consideration – distribution hub seeking industrial land for purchase. Site evaluation process is still underway, and all submitted sites are still under consideration. Page 53 of 56 Project SOL – SUBMITTED sites for consideration – manufacturing center of excellence seeking land for purchase. With land available as purchase agreements have expired, staff have contacted older RFI holders to determine if there are additional fits for newly available land. Still waiting for next steps. DEED has notified metro communities that RFI activity is very minimal currently. • Developer Meetings Staff make a concerted effort to meet with developers and real estate brokers who have expressed interest in working in Farmington. Conversations are ongoing, circling back as opportunities present themselves to be explored and vetted: o Sever Commercial Construction o MWF o DBS o Acumen o DR Horton o Synergy Land Co. o Cushing Terrell o CORE Real Estate Group o Caughan Companies o Obsidian o Ozhi Development o Bauer Design & Build o Remain RE o NEOO Partners o CBRE o Cushman & Wakefield o NEOO Partners o CERRON Commercial Properties, LLC o G. M. / Acumen Business Solutions, LLC o Upland Real Estate Group o Cushing Terrell o Remain RE / APPRO o CORE Real Estate Group – exploring small site multi-family o Acumen Business Solutions, LLC – connected with local property owner o T.G – discussed residential development o Remain RE – connected with local business owner o • Other Prospects Initial conversations have occurred with existing and prospective businesses looking to locate/relocate in Farmington. The types of projects that are represented include entertainment, services, hospitality, manufacturing, distribution, commercial/retail, quick-serve restaurants, daycare, and MF housing. Page 54 of 56 Other • Grocery Initiative At its February 2025 meeting, the EDA authorized staff to move forward with completing a grocery market study for Farmington. The report, which was shared with the EDA at their May meeting, is actively being used to market Farmington to groceries, developers, wholesalers, etc. . **The report has been provided to multiple parties allowing the grocery conversation to advance. Prior to having the report, Staff was only able to provide anecdotal information. Now the conversations focus on data.** Staff will be building out a “public facing” component to the grocery recruitment efforts. This will likely involve community surveys, a page on the website with market information, etc. utilizing insights from the KState Rural Grocery Initiative. At the March 12, 2026 MREJ Land Development Summit – Staff discussed the Grocery Study with a developer and will have follow up meeting in April. • Ribbon Cuttings/Open House Trinity – celebrated on February 5, 2026. This was the first “enhanced” ribbon cutting with video. Mis Tortuguitas – celebrated on February 19, 2026. Partner Meetings Staff is continuing to prioritize connecting and leveraging our economic development partners – including the Minnesota Trade Office, DEED, Greater MSP, utility providers, and other organizations. Partner presentations will be scheduled throughout 2026, and Staff will continue to participate in regional activities that provide exposure and access. An example of this is Staff attended the Greater MSP Partnership Next26 event on March 3rd to learn about the plans for the region and to better understand Farmington’s place in the region. Partner invitations will be sent shortly for upcoming EDA meetings, for partners to share their vision, role, and plans. This will provide an opportunity for the EDA to connect with these partners, ask questions, gain a broader understanding of how our work aligns, and learn how we can leverage these relationships. 2025 Partner Meetings: DCTC/Inver Hills College - March MCCD / Open to Business – April Dakota County CDA – May CVN/Brookshire - June Dakota County Regional Chamber - July University of Minnesota Extension Office – October Page 55 of 56 2026 Partner Meetings: GreaterMSP DEED Utility Partners – Xcel, Dakota Electric, Northern Natural Gas Others, TBD • MREE Staff plan to be more involved in this organization in 2026. More information to come. • MREJ – Summits/Conferences/Awards Staff tabled at the MREJ Apartment Summit in January. These tabling and networking events foster deeper conversations and connections with brokers/agents/developers who typically see Team Farmington presenting and tabling at the MREJ Summits. Staff tabled at the MREJ Land Development Summit in March and also spoke on the “Municipal Collaboration in Minnesota: Making Public-Private Partnerships Work” panel. • Other Speaking/Presentation Invitations & Commitments o TBD • Economic Development Website Staff have been implementing the Economic Development Website Revamp as presented at the February EDA meeting. More information to come. • Strategic Land Acquisition/Shovel Readiness Staff continue to explore opportunities to increase the available land supply and/or the level of shovel readiness associated with existing land. Conversations are underway with developers and property owners exploring what this could mean for key opportunity sites. A new, more visually attractive map asset has been produced, allowing staff to engage in broader conversations. More information to come. Page 56 of 56