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At the May 14, 2026 the EDA adopted a motion by Member Hills, seconded by Member Lindahl, to recommend to City <br />Council support for the project and provision of $4,147,000 raw TIF, $2,350,000 present value to Trident Development. A <br />copy of the Draft EDA minutes are attached for review. <br />Outcome/Action: <br />Motion to Adopt Resolution #26-159 Approving the Modification to the Development Program for Development District <br />No. 1 and Establishing Tax Increment Financing District No. 20 (Trident) Within Development District No. 1 and Approving <br />the Tax Increment Financing Plan Therefor; Approving a Development Agreement and Authorizing and Interfund Loan (as <br />presented); Subject to City Attorney review <br />Attachments <br />Site Location Map <br />ACTION - Resolution #26-159 <br />ACTION - TIF District No. 20 Plan <br />ACTION - TIF Developmeen Agreement <br />Reference- Trident Demand Assessment <br />Reference- Ehlers TIF Analysis Memo <br />Reference- EDA Minutes from May 14, 2026 <br />Form Review <br />Inbox Reviewed By Date <br />Brian Hagen Brian Hagen 07/09/2026 03:36 PM <br />Form Started By: Sean Sullivan Started On: 07/06/2026 02:40 PM <br />Final Approval Date: 07/09/2026 <br />