Special EDA Meeting for February 2, 2026

The City of International Falls Economic Development Authority held a special meeting on February 2, 2026, to discuss and approve a resolution authorizing a payment of approximately $281,625 from fund 208 to pay off fund 413 related to the riverfront improvement project. The board found that this payment serves a valid public economic development purpose. The resolution also authorized city staff and officials to coordinate the transfer of funds, make necessary accounting entries, and implement budget amendments to effectuate the payoff and closure of the fund. The motion was moved and seconded by commissioners and proceeded without further discussion.