Special EDA Meeting for Sept. 8, 2025

The City of International Falls Economic Development Authority (EDA) held a special meeting on September 8, 2025, primarily to discuss and approve the preliminary 2026 budget. The EDA reviewed the 208 fund, which currently holds approximately $900,000, and agreed to allocate $280,000 to pay off Voyager Way road expenses, aiding the overall budget. The budget includes allocations for professional services and office expenses, with flexibility for adjustments before final approval. Additionally, the EDA considered a request from One Miss Corporation to extend the termination date of a purchase agreement by one year, from December 31, 2027, to December 31, 2028. The extension was approved, with acknowledgment that no other parties have expressed interest in the property, and the project is progressing toward completion. The meeting concluded with the budget approved and the agreement extension granted.