Cottage Grove EDA 5-12-26

The City of Cottage Grove Economic Development Authority (EDA) held a meeting on May 12, 2026, focusing on several procurement and development-related matters. Key discussions included the approval of facade improvement grant awards to two businesses: Yogi Cottage Grove LLC received up to $24,999 in matching funds, and Voltus Holdings LLC was awarded up to $3,276. The EDA reviewed budget considerations for these grants, noting the use of fund balances if necessary. Additionally, the board approved an amendment to the Tax Increment Financing (TIF) agreement for the Roers housing project to include rental restrictions required for a 4D tax classification. Lastly, the EDA authorized the use of $75,000 from the EDA trust fund to cover platting work for the realignment of County Road 19A and 100th Street, facilitating future development in partnership with 3M and engineering firm Bolton and Mink. Motions for all these actions were passed unanimously.