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EDA Agenda - 11/12/2025 (Workshop)AGENDA WORKSHOP - ECONOMIC DEVELOPMENT AUTHORITY (EDA) Wednesday, November 12, 2025 – 5:00 p.m. Academy Room, Monticello Community Center Commissioners: President Steve Johnson, Vice President Jon Morphew, Treasurer Hali Sittig, Rick Barger, Clinton Berglof, Councilmember Tracy Hinz, Mayor Lloyd Hilgart Staff: Executive Director Jim Thares, Rachel Leonard, Angela Schumann, Tyler Bevier 1. Call to order 2. Roll Call 3. Downtown Visioning & Planning - Block 34-Cedar Fair Small Area Study Discussion – Andrew Dresdner and Mike Thompson, Bolton & Menk 4. Adjournment EDA Agenda: 11/12/25 3. Consideration of Downtown Visioning & Planning - Block 34-Cedar Fair Small Area Study Discussion, Andrew Dresdner and Mike Thompson, Bolton & Menk Prepared by: Economic Development Manager Meeting Date: 11/12/25 ☐ Regular Agenda Item ☒ Workshop Agenda Item Reviewed by: Community Development Director, Finance Director, Community & Economic Development Coordinator Approved by: City Administrator ACTION REQUESTED Motion as determined by the EDA. REFERENCE AND BACKGROUND Following the September 24, 2025 EDA meeting, staff have been discussing the concept of a small area study similar to the 2017 Downtown Small Area Study though with more focus on the east side of MN-TH#25 and specifically Block 34 and the Cedar Fair site, both of which the EDA either owns fully or has significant ownership. Staff shared the EDA’s discussion notes from the September meeting with the Bolton & Menk Community Planners to provide them with a sense of the EDA’s viewpoints about the potential next downtown redevelopment options. At this Workshop meeting, the consultants have been asked to present additional core downtown information, recent changes and expected new trends outlining next steps to craft a common vision and plan of action related to future realistic redevelopment opportunities. The link to the meeting materials from the September 24, 2025, EDA meeting is included here: https://www.monticellomn.gov/AgendaCenter/ViewFile/Item/1360?fileID=22876 I. Budget Impact: The budget impact from the consideration of the appropriate planning and/or action processes for this area is minimal at this juncture. If the EDA authorizes a new Small Area Study Plan soon, those costs will be incurred in the first or second quarter of 2026. II. Staff Workload Impact: City staff involved in this consideration include the Community Development Director, Community Economic Development Coordinator, Economic Development Manager and the City Engineer. At this point in time no other staff are required to complete the initial work tasks in this effort. Depending on EDA direction, additional staff or consultants may be needed to complete the planning and/or action steps. EDA Agenda: 11/12/25 III. Comprehensive Plan Impact: The 2017 Downtown Small Area Plan is an adopted appendix of the 2040 Vision + Plan. The Small Area Plan “envisions a Downtown that is lively throughout the day and into the evening, 12 months of the year. A downtown that serves many purposes for many people – including dining, recreation, celebrating, gathering, shopping and living.” The current Plan is already 8 years old and may need additive supplementary information to further support the original plan concepts or adjust it based on the factors noted above and the current and emerging transportation, land use, development and societal trends. STAFF RECOMMENDATION Staff are asking for the EDA to provide feedback to the Bolton & Menk Planners identify planning and/or action steps (tasks). The goal of this effort is to bring a follow up scope of work for a small area plan that spells out a development-redevelopment vision, concept, and timeline for downtown and more specifically Block 34 and the Cedar Street sites to serve as a framework and guide key redevelopment next steps. SUPPORTING DATA N/A