Meeting record · Richfield, Minnesota
Economic Development Authority — Monday, November 17, 2025
3 items on the record
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Items on the record
Item 4Discussedinformational or procedural item — no vote taken
Approval of the November 17, 2025 EDA Meeting Agenda
The Economic Development Authority was scheduled to approve the agenda for its November 17, 2025 regular meeting as presented, allowing the listed items, including the consent calendar and claims, to proceed to a vote.
Item 5.aDiscussedinformational or procedural item — no vote taken
Approval of the Minutes of the August 18, 2025 Regular EDA Meeting
The EDA was scheduled to formally approve the minutes from its August 18, 2025 meeting, at which it had approved the 2026 EDA budget and tax levy (Resolutions 61 and 62) and approved claims totaling $90,026.58 for June through August 2025.
Item 7.aOutcome pendingfinal tally arrives when the city publishes the minutes
Amendment to CEE Agreement Authorizing $103,000 for the 2026 Apartment Remodeling Program
The EDA's consent calendar included an amendment to its agreement with the Center for Energy and Environment (CEE), authorizing a $103,000 budget for 2026 to administer the Apartment Remodeling Loan Program, which offers zero-interest, 15-year deferred loans of up to $50,000 to owners of rental properties at least 30 years old. The program targets Naturally Occurring Affordable Housing (NOAH) renting at or below 60% of Area Median Income, and covers exterior, interior, and energy-related improvements. The amendment would run from January 1 through December 31, 2026.
Item history
- Nov 17, 2025 · Economic Development Authority · This item
- Feb 17, 2026 · Economic Development Authority · Approved
Official documents
Last updated Tuesday, July 28, 2026 · AI-assisted summaries — the official documents above are authoritative.