===== PDF PAGE 1 ===== [Extraction: embedded PDF text] ECONOMIC DEVELOPMENT COMMISSION MEETING MINUTES January 28, 2025 – 10:30 a.m. Approved August 26, 2025 1. Call to Order Chairperson Beles called the meeting to order at 10:33 a.m. 2. Roll Call Roll call found Chairperson Beles, and Commissioners Espinosa, Johnson, and Sabathne present. With four members present at the start of the meeting, a quorum was established. Business & Community Relations Director Kelley Chrisse was also in attendance. 3. Public Comment None. 4. Approval of the October 22, 2024 Meeting Minutes Commissioner Espinosa made a motion to approve the October 22, 2024 Meeting Minutes, which was seconded by Chairman Beles. The motion passed unanimously via voice vote. 5. 2024 Annual EDC Report Ms. Chrisse reviewed the annual report that will be forwarded to the City Council. 6. Discussion of Loan Program Participation Ms. Chrisse presented the option of partnering with local financial institutions to increase access to capital for business and property owners, specifically for those looking to make investments into their property through the Downtown Investment Program. Three existing programs were reviewed. Commissioners agreed that it would be both beneficial and proactive for the City to work with local financial institutions to compile and provide a list of resources to business and property owners. Due to concerns about the City’s potential liability in becoming part of the lending process, the Commissioners did not want to pursue participation in a loan program. Staff will work to compile both a list of participating contractors and financial institutions for the grant program. 7. Staff Report – Ms. Chrisse confirmed that the grant programs were funded at the requested levels for 2025. Additionally, she explained that the City was reorganized to create the new Business & Community Relations Department and provided a description of the functions and operations. Ms. Chrisse highlighted the opening of Raised Bakery Café and the reimbursement for the Retail & Restaurant Grant Program. Algo Healthy, Light up the Floor and Cricket Wireless have all opened up in/near the downtown recently. The Redwood multi-family development preliminarily approved by the City Council in November is now on hold pending the completion of the condemnation proceedings. Ms. Chrisse updated the Commissioners on the status of the ComEd upgrades with the anticipated completion in 2026. She also reviewed ===== PDF PAGE 2 ===== [Extraction: embedded PDF text] recent City Council approvals, which included extension of the Special Use for The Crusher, Special Uses for improvements at multiple D33 properties, zoning text amendments allowing greater densities and expanded uses, revisions to allow gas stations to sell beer and wine, rezoning to allow a multi-family development by Habitat for Humanity, and approval of a contract to develop construction drawings for the new Community Park, Phase 0. 8. Commissioner Reports – None 9. Adjournment – Chairman Beles made a motion to adjourn, which was seconded by Commissioner Sabathne. The motion passed unanimously by voice vote. The meeting was adjourned at 11:32 a.m. Respectfully Submitted, Kelley Chrisse, Business & Community Relations Director Economic Development Commission January 28, 2025 Minutes | Approved August 26, 2025 Page 2 of 2