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HomeMy WebLinkAbout04.20.26 EDA MinutesEDA Minutes of April 20, 2026 Page 1 of 3 City of Farmington Economic Development Authority Regular Meeting Minutes Monday, April 20, 2026 The Farmington Economic Development Authority met in regular session on Monday, April 20, 2026 at Farmington City Hall, 430 Third Street, Farmington, Minnesota. 1. CALL TO ORDER Chair Cordes called the meeting to order at 5:30 pm. 2. PLEDGE OF ALLEGIANCE Chair Cordes led everyone in the Pledge of Allegiance. 3. ROLL CALL Members Present: Chair Jake Cordes Commissioners Holly Bernatz, Nick Lien, and Steve Wilson Members Absent: None Staff Present: Lynn Gorski, City Administrator Deanna Kuennen, EDA Executive Director Stephanie Aman, Economic Development Coordinator Melissa Geis, City Clerk Also present: Phil Windshitl Makenzie Colsant 4. APPROVE AGENDA Motion was made by Commissioner Lien and seconded by Commissioner Bernatz 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 Minutes of the March 16, 2026 Regular Economic Development Authority Meeting 6.2 Monthly Financial Report EDA Minutes of April 20, 2026 Page 2 of 3 Motion was made by Commissioner Wilson and seconded by Commissioner Bernatz to approve the Consent Agenda as presented. Motion carried: 4 ayes / 0 nays 7. PUBLIC HEARINGS 8. DISCUSSION ITEMS 8.1 MicroGrant Program 2026 Staff presented the MicroGrant Program with updated parameters including offering awards up to $10,000 per business, structured as matching grants to ensure shared investment and accountability. This expanded funding level is intended to give businesses greater flexibility to address immediate needs or undertake projects that may otherwise be financially out of reach. Staff recommend allocating up to $50,000 from existing program dollars. This will allow multiple businesses to benefit while maintaining responsible use of EDA resources. Following discussion, motion was made by Commissioner Lien and seconded by Commissioner Bernatz to adopt Resolution 2026-02 Approving the 2026 MicroGrant Program and Associated Funding. Motion carried: 4 ayes / 0 nays 8.2 Downtown Social Grant Agreement Staff brought forth the draft funding agreement in support of the Downtown Social Group’s Fourth Thursday event series. As part of this partnership staff are committed to a streamlined process for necessary permitting and City required paperwork, and providing access to necessary equipment. They will also support marketing and promotional work led by Downtown Social Group to help ensure strong visibility and participation. Following discussion, motion was made by Commissioner Wilson and seconded by Commissioner Bernatz to adopt Resolution 2026-03 Approving the 2026 Downtown Social Funding. Motion carried: 4 ayes / 0 nays 9. DIRECTOR’S REPORT 9.1 Director’s Report