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06-04-2025 EDAM Special Meeting EDA Board **Special Meeting** Hutchinson City Center 111 Hassan Street SE 7:00 AM Wednesday, June 4th, 2025 MEETING MINUTES Members Staff Mike McGraw Miles Seppelt, EDA Director Jonny Block Matt Jaunich, City Administrator Corey Stearns Andy Reid, Finance Director Chad Czmowski Brynn Beffert, EDA Intern Pat May Jack Daggett (bold = present) Jeremy Carter I. Call to Order EDA President Mike McGraw called the meeting to order at 7:01 AM. II. Joint City Council / Hutchinson Utilities Commission (HUC) / EDA Board meeting Matt Jaunich, Jeremy Carter and Miles Seppelt provided updates on the city, municipal utility and the EDA respectively. Discussion on the need to increase and diversify the HUC customer power load. Further discussion. Following the joint meeting with the City Council and HUC Board, the EDA Board moved to the staff conference room to continue the EDA Board meeting. Ill. Titanium Partners Loan Proposal Staff provided a brief overview of the revised loan package. Developer would use the funds to acquire the Kock building as part of the larger Jorgensen Hotel Redevelopment project. Discussion. M/S/P: Block, Daggett to authorize the revised loan package for Titanium Partners. Passed unanimously. IV. Adjourn M/S/P: Block, Czmowski to adjourn the meeting at 9:17 AM. Passed unanimously. Respectfully Submitted Miles R. Seppelt Economic Development Director