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St. Joseph Economic Development Authority
Tuesday, February 17th, 2026
12:00 PM
75 Callaway St E (St. Joseph City Hall)
** The meeting will also be offered remotely via Zoom**
1. Call to order
2. Public Comments
3. Approve Agenda
4. Consent Agenda
a. Minutes – January 20th, 2026
b. Financial Report – January
5. Downtown Façade Grant Request – Millstream HOA
6. CVB – Discussion
7. Connecting Entrepreneurial Communities Conference update
8. General Business updates
9. Board Member Announcements
Zoom Meeting Information
Join Zoom Meeting
https://us06web.zoom.us/j/82698897944?pwd=b1RaeE5IenZ0L0Z0ejF4UWhvWUVidz09
Meeting ID: 826 9889 7944
Passcode: 725385
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Pursuant to due call and notice thereof, the St. Joseph Economic Development Authority met on
Tuesday, January 20th,, 2026 at 12:00 PM.
Members Present: Board Members Joe Bye, Larry Hosch, Kevin Kluesner, Ross Huls
Members Absent: Kelly Beniek
City Representatives Present: Nate Keller Community Development Director
Hosch called the St. Joseph Economic Development Authority meeting to order at 12:00 PM
Public Comments: None
Agenda Approval: Bye made a motion to approve the agenda; seconded by Kluesner and passed
unanimously by those present.
2026 Chair and Vice Chair nomination and Finance Team nominations
Kluesner made a motion to nominate himself and Bye for the Finance Team; seconded by Bye and
passed unanimously by those present.
Kluesner made a motion to nominate Hosch for Chair; seconded by Huls and passed unanimously
by those present.
Hosch made a motion to nominate Bye for Vice Chair; seconded by Bye and passed unanimously
by those present.
Consent Agenda:
Bye made a motion to approve the consent agenda; seconded by Kluesner and passed
unanimously by those present.
a. Minutes – December 16th, 2025
b. Financial Report December
Joetown Tourism Update
Bruno provided an update from the January 12th meeting she held with the Tourism group. Some
highlights included: 30-40 people attended, $28k raised, 38 total memberships.
Discussion included: updating the map at the Wobegon trailhead, SHRPA is going to do another visit this
year, there is now an event calendar on the Joetown website, participation from CSB/SJU, and shuttle
bus.
Keller mentioned an idea to place an art piece out at River’s Bend Park. The art piece could be a
signature way to advertise Joetown from I-94 as portions of the park are visible from I-94. Grants can also
help with the cost of commissioning a piece like this and the art piece could live much longer than
Billboard advertisement.
Highway Façade Grant Revisions
Proposed changes to the Highway Façade grant was highlighted by Keller. Changes include expanding
the grant to properties that are zoned B-2 or B-3 and located off County Road 2, 75, 133, 134, and
Minnesota Street.
Bye made a motion to approve the changes to the Highway Façade Grant; seconded by Huls and
passed unanimously by those present.
Connecting Entrepreneurial Communities Conference update
Keller updated the group on the various Tracks and break out session ideas. Goal is to finalize the track
sessions by Feb. 5th.
General Business updates
Updates provided on: Apartment projects, single-family projects, Feedmill, Monastary, EDAM Conference,
Rural Residential Ordinance, Boutique hotel, Audo Video Extremes, Coborns Retention visit, Tacoholics.
Board member announcements
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None
Adjourn: Kluesner made a motion to adjourn the meeting at 12:54PM, seconded by Bye and
passed unanimously by those present.
Minutes by:
Nate Keller
Community Development Director
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EDA Agenda Items 5-7
MEETING DATE: February 17th, 2026
AGENDA ITEMS: 5-7
PREVIOUS BOARD ACTION:
5 – None
6 – Multiple discussion occurred in 2025 regarding the various long-term options for the CVB
7 – General updates provided last several months
BACKGROUND INFORMATION:
5 – Downtown Façade Grant Request – Millstream HOA
Millstream Shops and Lofts Condominium Association has requested discussion on two items.
1.Completed Landscape Project (Reimbursement Request)
The Association completed landscaping last summer and is asking whether reimbursement is
possible, even though the project is already finished. Due to a communication issue with their
contractor, the work was completed sooner than expected and no application was submitted
beforehand. Current grant requirements state “work performed prior to project approval will
typically not be eligible for funding unless the EDA finds significant underlying purposes for
work beginning prior to project approval”.
Project Timeline:
• Completed: September 30, 2025
• Invoice issued: October 6, 2025
• Invoice paid: October 22, 2025 ($2,566)
• Requested reimbursement: $1,283
Staff have been transparent with applicants in that staff would recommend the Board not approve
funding. Reason behind recommendation is due to the project completion timeline, grant
guidelines and setting any precedence about after the fact projects. That said, staff supports the
applicant in having a conversation with Board for the request.
2.Future Landscape Improvements
The HOA is considering a second phase to replace landscaping along the rear of the building
facing the alley. If the improvements are visible from the alley, staff would consider this an
eligible expense, consistent with the Board’s prior discussion that visible alley-facing
improvements may qualify.
6 – CVB – Discussion
CVB Role, Structure, and Future Direction
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A Board member has asked that we revisit this topic. Last month, the Board heard from Mary
Bruno regarding her awesome work advancing many CVB goals and strategies through the
Joetown Tourism initiative.
Input from EDA on how the Board views the role of the CVB, particularly given that much of
the implementation work is being carried out by Mary through Joetown Tourism is sought.
Current CVB Structure and Operations
Role and Authority
• The CVB’s primary purpose, as established by ordinance, is to provide recommendations
to the EDA on the use of lodging tax funds for marketing and promoting the City as a
tourist and convention destination in accordance with Minnesota Statutes.
• The CVB makes recommendations on how lodging tax funds are allocated for marketing
and promotional efforts.
Marketing and Tourism Coordinator position
• The CVB funds a stipend for the Marketing and Tourism Coordinator position which was
created in 2025 (formalized in 2025)
• The majority of the CVB budget (approximately 60–75%) is allocated to this stipend.
• The EDA supplements the stipend with an additional $5,400 annually. This support is to
allow the CVB to have some funds left.
• After the stipend is funded, the CVB typically has $2,000–$5,000 remaining for other
initiatives.
• The CVB recommends how these remaining funds are used.
Implementation of Strategies
• The CVB is responsible for implementing its Strategic Plan and related initiatives.
• Much of this work is carried out by Mary through her coordinator role and through
Joetown Tourism which operates separately from the City.
CVB challenges to implementation
• Little funds to work with after stipend is paid
• Funds can fluctuate and are not fixed
Joetown Tourism
• Joetown Tourism was formed to:
Build memberships
o
Increase available funding
o
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Operate with greater flexibility and fewer regulatory constraints than a City board
o
• While effective in implementation, ongoing confusion exists in regard to the relationship
between the CVB and Joetown Tourism (some still confuse it with being a city ran
operation)
• Adding to this confusion, the CVB is formally known as “Joetown” under City
ordinance, making Joetown the official brand of the CVB.
Current Challenges
• The CVB has moved to quarterly meetings, and attendance can been inconsistent.
• The overlap and branding between the CVB and Joetown Tourism can create confuse
regarding roles and authority.
• Limited budget capacity restricts the CVB’s ability to initiate new projects
Long-Term Structural Considerations
In 2025, the EDA discussed potential long-term structural options for the CVB, including:
Creation of a 501(c)(6) Organization
o
However, establishing a 501(c)(6) would require:
• Organizational expertise and time investment along with upfront investment
• Ongoing annual reporting and compliance requirements
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REQUESTED EDA INPUT
Staff is requesting EDA input on the following:
• What does the EDA see as the CVB’s purpose and how it should be operating?
• How does the CVB and Joetown Tourism interact and what separate roles do they fulfill?
• Does the Board believe the current structure remains effective?
• Should the CVB be reorganized, refocused, or restructured?
• Is it appropriate to explore long-term reorganization like a 501 c 6? Or is that more of a
long-term goal once the CVB has a larger budget (for example once we get a Boutique
hotel)?
Staff recommend that a conversation occur at the next CVB to discuss how members view the
Board’s purpose. Following that discussion, a joint conversation between the EDA and CVB
may help determine next steps. But EDA input at this meeting will help staff understand how the
EDA views the CVB and its current and future purpose/roles. Discussion with staff, Mary and
the CVB Chairs will also be occurring.
7 – Connecting Entrepreneurial Communities Conference Update
The local planning team met on February 12th, and an update will be provided in regards to
breakout session topics, speakers, etc.
8 – General Business updates
Verbal updates will be provided.
BUDGET/FISCAL IMPACT:
5 - $1,283 if funded
6 – N/A
7 – N/A
ATTACHMENTS: Millstream HOA grant
CVB Ordinance
REQUESTED BOARD ACTION:
5 – Input on the requests
6 – discussion
7 – none just informational
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PrairieScapes
29641 95th Avenue
St. Joseph, MN 56374
320-333-5931
October 1, 2025
$1278.75To: Jon Petters, Collegevill Companies, Minnesota Street, St. Joseph, MN
re: tree planting
9-16-25
machine time: 2 hrs travel to and from Elk River to pick up trees
hand work 1 hr load/unload, pay
9-29-25
hand work (Steve): 3.25 attach backhe, shover rock, remove landscape fabric, grade
machine time: 3 hrs back hoe work to remove stumps, scoop up rock, travel/dispose of
hand work (Todd): 5.5 hrs cut down trees/vegetation, shover rock, clean up
9-30-25
hand work (Steve): 7 hrs shovel, grade site, plant trees, install fabric and rock
hand work (Todd): 6.5 hrs “
machine time: 1 hr dispose of material, pick up/deliver river rock
Total hand labor: 23.25 hrs (X $55 per) $1278.75
total mamchine time: 6 hrs (X $130. per hr) $780.
Total labor: $2058.75
Materials:
Paper Birch trees (3) $291. 19
river rock: $181.76
landscape fabric (432 sq ft) (.8 per) $35.
total materials: $507.95
TOTAL: $2566.70
* net due 15 days upon receipt
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ORDINANCE 210 CONVENTION & VISITOR’S BUREAU ADVISORY BOARD ........ 210-1
Section 210.01: ESTABLISHED ................................................................................... 210-1
Section 210.02: MEMBERSHIP .................................. 210-Error! Bookmark not defined.
Section 210.03: TERMS; VACANCIES ...................... 210-Error! Bookmark not defined.
Section 210.04: OFFICERS ............................................................................................ 210-1
Section 210.05: MEETINGS .......................................................................................... 210-1
Section 210.06: PURPOSE ............................................................................................. 210-2
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ORDINANCE 210 CONVENTION & VISITOR’S BUREAU ADVISORY BOARD
Section 210.01: ESTABLISHED. The Convention & Visitor’s Bureau Advisory Board (Board)
presently in existence is hereby continued for the City. To avoid using an operating name similar
to other area CVB’s, the Board may refer to the St. Joseph Convention & Visitor’s Bureau in all
marketing and promotions as JOETOWN
Section 210.02: MEMBERSHIP. The Convention & Visitor’s Bureau Advisory Board shall
consist of up to ten (10) members, or a minimum of seven (7) members representing the St.
Joseph Community and/or other entities with a direct interest in promoting the City as a tourist
and convention center.
Section 210.03: TERMS; VACANCIES
A.Terms. Terms shall be three (3) year overlapping terms. Appointees shall hold their offices
until their successors are appointed and qualified. As each member's term expires, his/her
successor shall be appointed by the Mayor for a term of three (3) years. Each member shall serve
not more than three (3) consecutive full terms.
B.Vacancies. Vacancies during the term shall be filled by the Mayor for the unexpired portion of
the term.
Section 210.04: OFFICERS
A.Chairperson. The Board shall elect a chairperson from among its appointed members for a
term of one year.
B.Vice Chair. The Board shall elect a vice chairperson from its own membership.
D.Additional Officers. The Board may create and fill such other offices as it may determine.
Section 210.05: MEETINGS
A.Frequency of Meetings. The Board shall hold meetings as necessitated.
B.Rules of Order and Procedure. The Board shall adopt rules of order and procedure for the
transaction of business, and its findings, which record shall be public record.
Section 210.06: PURPOSE
The Board was established for the purposes of making recommendations to the Economic
Development Authority on the expenditure of lodging tax funds received in accordance with
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Minnesota Statutes. The Board will offer recommendations on the expenditure of lodging tax
funds for the purpose of marketing and promoting the City as a tourist and convention center in
accordance with Minnesota Statutes.
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ST. JOSEPH BUSINESS DISTRICT
FAÇADE ARCHITECTURAL DESIGN GRANT PROGRAM
(As Amended January 1st, 2022)
PURPOSE
The St. Joseph Business District Façade Architectural Design Grant Program provides incentives to
stimulate visible investment in St. Joseph businesses. Property owners are encouraged to consider
improvements that incorporate the surrounding community including but not limited to aesthetics,
environment, cultural and historic elements, and architecture. These improvements should create a
cohesive, inviting environment. The program provides a matching grant for actual design and construction
costs, up to $2,000 per property address, per calendar year. Qualifying projects must be of an approved
design, be applied for by commercial property owners and/or merchants, and be applicable to exterior
building, landscape improvements, and other similar improvements visible from a public right-of-way.
Approved projects will be funded on a first-come/first-served basis until all funds are expended. In
addition, the opportunity exists that the St. Joseph Economic Development Authority’s revolving loan
program could be available to assist with construction costs associated with the implementation of façade
designs.
ELIGIBILITY
1. All work must be done on the exterior of the building/property and/or result in a publicly visible
improvement.
2. All work done must be in accordance with the City of St. Joseph Code of Ordinances, the Downtown
Revitalization Plan and subsequent design guidelines, and the building code. All required permits
must be obtained. Work shall include the correction of any known exterior building code violations.
3. Work in progress or performed prior to project approval will typically not be eligible for funding unless
the EDA finds significant underlying purposes for work beginning prior to project approval.
4. Funds may be used for the design of exterior building improvements, awnings, windows, doors and/or
site landscaping, other than sod or seed, resulting in a publicly visible improvement and for actual
construction costs related to an approved improvement. Other uses may also be eligible if prior
approval is granted by the St. Joseph Economic Development Authority.
5. Signs are eligible for this program but must be in connection with a façade improvement project. Sign
are not eligible as a “stand-alone” project.
6. The following types of property are not eligible:
• Tax delinquent
• Special Assessment delinquent
• Property in litigation
• Property in condemnation or receivership
• Tax exempt properties
• Exclusively residential buildings
• Properties zoned industrial
• New construction projects on lots previously undeveloped (redevelopment and/or rehabilitation
projects remain eligible) unless it results in a project beyond typical construction and is consistent
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with Design Standards and is found to have a significant impact on the character of the
downtown.
• Property considered non-conforming to the City’s Code of Ordinances, unless the proposed
improvements are intended to correct all the non-conforming issues.
PROJECT APPROVAL GUIDELINES
Program oversight and authority for grant approval is delegated to the City of St. Joseph Economic
Development Authority. The Economic Development Authority will review and approve all grants based
on the following guidelines:
1. A project for which an application has been received will only be reviewed if it is filled out completely.
Photographs illustrating subject building(s) and property and proposed site changes/improvements
may be required by the EDA.
2. Multiple property owners must submit separate applications for each property/project.
3. Any business owner under a lease who submits and application must obtain and provide written
consent of the property owner.
4. Preference will be given to projects which:
• Will positively contribute to the City revitalization/renewal efforts
• Will eliminate a blighting influence
• Will result in a visible improvement that would not be made otherwise
• Demonstrate a ratio of private investment to public investment greater than 2:1
5. Project is consistent with the Comprehensive Plan, transportation plans, and other applicable plans.
6. Projects must be completed within a timely manner from date of official project approval (i.e. one year
with a maximum extension of an additional six months). As indicated, dollars are limited and
reimbursement will be made after project improvements are completed, and reimbursement
requested.
7. Grant Disbursement
Awarded loan funds will be dispersed to the applicant upon submittal of receipts or invoices for
supplies purchased and inspection which certifies the work completed is in accordance with the EDA
approval and other city ordinances.
PROPERTY OWNER REQUIREMENTS
Upon the application submittal for a project, the Applicant will play an important role in a partnership that
includes the City of St. Joseph and the Economic Development Authority. The following may be required
to review plans depending on the scope of the project: City staff, the Planning Commission, the EDA and
the City Council. Those required to review the plans and/or grant application will review design drawings,
proposed work specifications, and the architectural materials. Below are items that will be required of as
part of completing your project.
1. Attendance at an informational meeting which will outline the entire project procedure.
2. Property owners’ attendance at various meetings, reviews etc. with representatives of either the City
or EDA to expedite various stages of the project.
3. All work to be done on the project shall be the sole responsibility of the property owner. The City of
St. Joseph/EDA administers the grant program herein and the City/EDA is not responsible for any
work undertaken as a result of the grant. The owner hereby holds the City and EDA harmless for any
and all liability commencing out of any work constructed and paid for the design grant herein.
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APPLICATION FOR
ST. JOSEPH BUSINESS DISTRICT
FAÇADE ARCHITECTURAL DESIGN GRANT PROGRAM
** Please remember to include photos of your building(s) and/or property as they relate
to the types of improvements indicated on this application. **
APPLICANT AND PROPERTY OWNER INFORMATION:
Applicant
Phone: Email:
Mailing Address:
Property Owner:
Phone: Email:
Mailing Address:
PROJECT INFORMATION:
Business Name:
Business Address:
1. On the attached page, please identify the specific improvements you are proposing for the building(s)
and/or property.
2. Based on the proposed improvements identified, please provide your best estimate of the entire
project cost: $
3. If the project cost comes in at, or exceeds your estimate, do you have private funds readily available
to complete the proposed the project? Yes No
If No, by what means will you secure funding and still complete the project within a timely manner
4. If your project is approved, does completing the project timely pose any concerns for you?
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Yes No
If yes, Please list those concerns:
PROJECT DESCRIPTION
Please provide an accurate and thorough summary of your project. The photographs taken of your
building(s) and property will assist in a visual manner to further support your written project
description.
Based on the description of your project and your motivation for wanting to make these improvements,
please place a check mark next to those project preference item you feel your project meets.
Will positively contribute to the City’s revitalization/renewal efforts.
Will eliminate a blighting influence.
Will result in a visible improvement that would not be made otherwise.
Result in a ratio of private investment to public investment greater than 2:1.
Building Permits & Inspections
Applicant is responsible for obtaining appropriate building permits, per the Building Code and/or City of
St. Joseph Zoning Ordinance. In the case of improvements that do not require a city-issued building
permit, the applicant must submit the name and state license number of the contractor completing the
work and agree to an inspection of the work by a city building official.
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Grant Disbursement
Awarded loan funds will be dispersed to the applicant upon submittal of receipts or invoices for supplies
purchased and inspection which certifies the work completed is in accordance with the EDA approval and
other city ordinances.
Certification
City staff or an authorized representative shall have the right to inspect the property to be improved at any
time from the date of application upon giving due notice to the owner and to occupants.
I/We understand that any intentional misstatements will be grounds for disqualification.
I/We authorize program representatives the right to access the property to be improved for the purpose of
the grant program and to take photographs of the structure before and after rehabilitation.
I/We further understand that I/we will make the final selection of the improvements to be made with the
loan funds and that the contract for improvements will be solely between myself and the contractor(s).
The administering agency will not be liable for the inadequate performance of the contractor(s).
The information on this application is accurate. I have read, understand, and agree to comply with the
program criteria for the St. Joseph Business Façade Architectural Design Grant Program.
Signature of Applicant Date
Signature of Owner(s) (if different than Applicant) Date
Contact:
Nate Keller, Community Development Director
(320)557-3524
nkeller@cityofstjoseph.com
Submit completed application by email to nkeller@cityofstjoseph.com or to:
St. Joseph Government Center
75 Callaway St. E
St. Joseph, MN 56374
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EDA Agenda Item
________________________
MEETING DATE: February 17, 2026
AGENDA ITEM: January Finance Reports
SUBMITTED BY: Finance
BOARD/COMMISSION/COMMITTEE/COUNCIL RECOMMENDATION: Council approved
CMHP to administer the housing rehab grant the city received in 2025. Projects are anticipated to begin
in 2026.
PREVIOUS EDA ACTION: EDA approved four façade grants; waiting to be reimbursed.
BACKGROUND INFORMATION:
Enclosed you will find the reconciled financial reports through January 31, 2026.
The fund balance on January 31, 2026, is $123,527. Of this amount, $59,884 is set aside for EDA program
expenditures. This leaves an undesignated surplus of $63,643. The EDA is mainly funded with property
taxes. The taxes are received in summer and December. The designated balance is for capital
programming that may not be expended in 2026. There will be audit entries that adjust the 12/31/25
balance over the next couple months. Our audit fieldwork is scheduled for the week of March 23rd. The
audited financial statements are anticipated to be approved in May.
The CVB is mainly funded with lodging tax. The Rodeway Inn is four months behind their lodging taxes.
Staff have escalated the payment reminders to the owner.
The other funds reported include the TIF funds, Lodging Tax, DEED CDAP Housing Grant reimbursement
and the Revolving Loan fund. There are two revolving loans outstanding to Krewe and Flour to Flower
Bakery; and the St. Joseph Food Co-Op.
The second Tax Abatement remittance to Woodcrest was made in late January for the school district
portion. The city collects the abated taxes from the school district and then remits to Woodcrest twice a
year.
BUDGET/FISCAL IMPACT: For Information Only
ATTACHMENTS: Financial Summaries – EDA Funds
REQUESTED BOARD ACTION: Consider acceptance of the January 2026 financial reports.
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St. Joseph Economic Development Authority
Summary Treasurer's Report - Fund 250
December 31, 2025
Fund 250, EDA Balance as of December 31, 2024 (Audited) 119,425.57
Year to Date Revenue: 2024 Actual Budget 2025 YTD Actual 2025
Interest Earnings 2,093 1,000 4,086.72
TIF/MIF Deposit/Fee - Hansen & Co. 10,369 - -
State of Minnesota Grant - - -
Abatement Reimbursement (School District) 9,382 9,385 4,691.00
Ad Valorem Taxes 221,020 231,710 177,050.99
Total Revenue 242,865 242,095 185,828.71
Year to Date Expenditures by Object:
Board Stipends 1,240 1,440 1,080.00
Staff Salaries/Training 54,513 60,120 54,905.12
Software Support/Office Supplies/Postage 1,988 3,550 2,612.26
Professional Services 7,964 3,300 3,012.50
Telephone 1,527 1,380 1,794.45
Greater St. Cloud Development Investment 5,000 5,025 166.00
Dues and Memberships (Other) - 295 592.89
Advertising - 100 -
Abatement Payments (Country Manor/Trobec's) 64,532 141,385 104,501.12
Marketing - 500 -
Computers - - 1,063.36
EDA Programs 12,500 15,000 2,000.00
Transfer to Other Funds 19,000 10,000 10,000.00
Total Expenses 168,263 242,095 (181,727.70)
Fund Summaries as of December 31, 2025 (unaudited):
EDA Net Position - Fund 250 - (unaudited), cash balance 123,526.58
Designated for Capital Programs 59,883.60
Undesignated 63,642.98
TIF 4-1 Fortitude Senior Apts Balance - Fund 253 45,185.19
TIF 2-1 Millstream Shops and Lofts Balance - Fund 257 51,256.77
TIF 2-3 Bayou Blues & Alley Flats Balance - Fund 259 (148.48)
Lodging Tax Balance - Fund 220 40,142.96
DEED CDAP Housing Grant Balance - Fund 225 60,914.21
Revolving Loan Balance - Fund 251 609,259.29
Designated for Revolving Loan Program 132,205.38
Designated for Economic Development 477,053.91
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CITYOFSTJOSEPH
BALANCESHEET
JANUARY31,2 026
FUND220 - CVB
ASSETS
220-10199CASH( 1,002.81)
TOTALASSETS( 1,002.81)
LIABILITIES ANDEQUITY
FUNDEQUITY
REVENUE OVEREXPENDITURES - YTD( 1,002.81)
TOTALFUNDEQUITY( 1,002.81)
TOTALLIABILITIES ANDEQUITY( 1,002.81)
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CITYOFSTJOSEPH
REVENUES WITHCOMPARISON TOBUDGET
FORTHE1MONTHS ENDINGJANUARY 31, 2026
CVB
PRIOR YTDAMOUNTYTD ACTUALORIGINAL BUDGETBUDGETUNEXPENDEDPCNT
ECONOMIC DEVELOPMENT AUTHORI
220-46500-31600LODGING TAX( 2,998.75) 202.4312,300.0012,300.0012,097.571.7
220-46500-34409MARKETING. 00107.241,000.001,000.00892.7610.7
220-46500-36210INTEREST EARNINGS( 41.97) 60.72525.00525.00464.2811.6
TOTALECONOMIC DEVELOPMENT A 3,040.72) 370.3913,825.0013,825.0013,454.612.7
TOTALFUNDREVENUE( 3,040.72) 370.3913,825.0013,825.0013,454.612.7
FOR ADMINISTRATION USE ONLY8 % OFTHE FISCAL YEAR HAS ELAPSED02/ 12/2026 03:36PM PAGE: 12
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CITYOFSTJOSEPH
EXPENDITURES WITHCOMPARISON TOBUDGET
FORTHE1MONTHS ENDINGJANUARY 31, 2026
CVB
PRIOR YTDAMOUNTYTD ACTUALORIGINAL BUDGETBUDGETUNEXPENDEDPCNT
ECONOMIC DEVELOPMENT AUTHORI
220-46500-208VISITORS BUREAU PRIZES. 00. 00200.00200.00200.00. 0
220-46500-209VISITORS BUREAU MERCHANDISE. 00. 001,000.001,000.001,000.00. 0
220-46500-300PROFESSIONAL SERVICES750. 00750.009,000.009,000.008,250.008.3
220-46500-308COMMUNITY PROGRAMS. 00. 001,200.001,200.001,200.00. 0
220-46500-310ITSERVICES. 00. 00420.00420.00420.00. 0
220-46500-328MARKETING. 00. 001,000.001,000.001,000.00. 0
220-46500-340ADVERTISING825. 00623.201,800.001,800.001,176.8034.6
TOTALECONOMIC DEVELOPMENT A 1,575.001,373.2014,620.0014,620.0013,246.809.4
TOTAL FUND EXPENDITURES1, 575.001,373.2014,620.0014,620.0013,246.809.4
NETREVENUE OVEREXPENDITURES( 4,615.72)( 1,002.81)( 795.00)( 795.00) 207.81( 126.1)
FOR ADMINISTRATION USE ONLY8 % OFTHE FISCAL YEAR HAS ELAPSED02/ 12/2026 03:36PM PAGE: 13
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CITYOFSTJOSEPH
BALANCESHEET
JANUARY31,2 026
FUND225 - DEEDCDAPHOUSINGGRANTS
ASSETS
225-10199CASH89. 15
TOTAL ASSETS89. 15
LIABILITIES ANDEQUITY
FUNDEQUITY
REVENUE OVER EXPENDITURES - YTD89.15
TOTAL FUND EQUITY89. 15
TOTAL LIABILITIES AND EQUITY89. 15
25

[PAGE 26]
CITYOFSTJOSEPH
REVENUES WITHCOMPARISON TOBUDGET
FORTHE1MONTHS ENDINGJANUARY 31, 2026
DEEDCDAPHOUSING GRANTS
PRIOR YTDAMOUNTYTD ACTUALORIGINAL BUDGETBUDGETUNEXPENDEDPCNT
ECONOMIC DEVELOPMENT AUTHORI
225-46500-36210INTEREST EARNINGS( 111.19) 89.151,575.001,575.001,485.855.7
TOTALECONOMIC DEVELOPMENT A 111.19) 89.151,575.001,575.001,485.855.7
TOTALFUNDREVENUE( 111.19) 89.151,575.001,575.001,485.855.7
FOR ADMINISTRATION USE ONLY8 % OFTHE FISCAL YEAR HAS ELAPSED02/ 12/2026 03:36PM PAGE: 14
26

[PAGE 27]
CITYOFSTJOSEPH
EXPENDITURES WITHCOMPARISON TOBUDGET
FORTHE1MONTHS ENDINGJANUARY 31, 2026
DEEDCDAPHOUSING GRANTS
PRIOR YTDAMOUNTYTD ACTUALORIGINAL BUDGETBUDGETUNEXPENDEDPCNT
ECONOMIC DEVELOPMENT AUTHORI
225-46500-300PROFESSIONAL SERVICES. 00. 002,000.002,000.002,000.00. 0
TOTALECONOMIC DEVELOPMENT A 00. 002,000.002,000.002,000.00. 0
TOTALFUNDEXPENDITURES. 00. 002,000.002,000.002,000.00. 0
NETREVENUE OVEREXPENDITURES( 111.19) 89.15( 425.00)( 425.00)( 514.15) 21.0
FOR ADMINISTRATION USE ONLY8 % OFTHE FISCAL YEAR HAS ELAPSED02/ 12/2026 03:36PM PAGE: 15
27

[PAGE 28]
CITYOFSTJOSEPH
BALANCESHEET
JANUARY31,2 026
FUND250 - EDA
ASSETS
250-10199CASH( 7,737.89)
TOTALASSETS( 7,737.89)
LIABILITIES ANDEQUITY
LIABILITIES
250-20200ACCOUNTS PAYABLE148. 99
TOTAL LIABILITIES148. 99
FUNDEQUITY
REVENUE OVEREXPENDITURES - YTD( 7,886.88)
TOTALFUNDEQUITY( 7,886.88)
TOTALLIABILITIES ANDEQUITY( 7,737.89)
28

[PAGE 29]
CITYOFSTJOSEPH
REVENUES WITHCOMPARISON TOBUDGET
FORTHE1MONTHS ENDINGJANUARY 31, 2026
EDA
PRIOR YTDAMOUNTYTD ACTUALORIGINAL BUDGETBUDGETUNEXPENDEDPCNT
ECONOMIC DEVELOPMENT AUTHORI
250-46500-31010CURRENT ADVALOREM TAXES. 001,240.13235,805.00235,805.00234,564.87. 5
250-46500-36210INTEREST EARNINGS( 56.26) 147.302,000.002,000.001,852.707.4
250-46500-36301TAX ABATEMENT REIMBURSEMENT( 4,691.00) 4,691.009,385.009,385.004,694.0050.0
TOTALECONOMIC DEVELOPMENT A 4,747.26) 6,078.43247,190.00247,190.00241,111.572.5
TOTALFUNDREVENUE( 4,747.26) 6,078.43247,190.00247,190.00241,111.572.5
FOR ADMINISTRATION USE ONLY8 % OFTHE FISCAL YEAR HAS ELAPSED02/ 12/2026 03:36PM PAGE: 16
29

[PAGE 30]
CITYOFSTJOSEPH
EXPENDITURES WITHCOMPARISON TOBUDGET
FORTHE1MONTHS ENDINGJANUARY 31, 2026
EDA
PRIOR YTDAMOUNTYTD ACTUALORIGINAL BUDGETBUDGETUNEXPENDEDPCNT
ECONOMIC DEVELOPMENT AUTHORI
250-46500-101EDA SALARIES3, 872.565,296.7846,050.0046,050.0040,753.2211.5
250-46500-103EDA LEGISLATIVE BODIES. 00. 001,200.001,200.001,200.00. 0
250-46500-120MNPAIDLEAVE. 0031.74295.00295.00263.2610.8
250-46500-121PERA CONTRIBUTIONS290. 44397.273,455.003,455.003,057.7311.5
250-46500-122FICA CONTRIBUTIONS295. 17385.112,650.002,650.002,264.8914.5
250-46500-123DEFERRED COMP-EMPLOYER26. 2552.50230.00230.00177.5022.8
250-46500-125MEDICARE CONTRIBUTIONS. 00. 00620.00620.00620.00. 0
250-46500-130H SA- EMPLOYER CONTRIBUTION420. 00437.50840.00840.00402.5052.1
250-46500-131HEALTH INSURANCE731. 58820.417,560.007,560.006,739.5910.9
250-46500-132DENTAL INSURANCE48. 2448.24520.00520.00471.769.3
250-46500-133LIFE INSURANCE4. 664.6630.0030.0025.3415.5
250-46500-134DISABILTY INSURANCE54. 2447.98450.00450.00402.0210.7
250-46500-151WORKERS COMP. INSUR. PREM.. 00. 00125.00125.00125.00. 0
250-46500-171CLOTHING ALLOWANCE. 00. 0020.0020.0020.00. 0
250-46500-200OFFICE SUPPLIES. 00. 0050.0050.0050.00. 0
250-46500-300PROFESSIONAL SERVICES. 00450.007,200.007,200.006,750.006.3
250-46500-303ENGINEERING FEE. 00. 00500.00500.00500.00. 0
250-46500-304LEGAL FEES. 00. 00700.00700.00700.00. 0
250-46500-308COMMUNITY PROGRAMS. 00. 003,000.003,000.003,000.00. 0
250-46500-310SOFTWARE SUPPORT708. 36844.132,785.002,785.001,940.8730.3
250-46500-321TELEPHONE151. 28148.991,380.001,380.001,231.0110.8
250-46500-328MARKETING. 00. 00500.00500.00500.00. 0
250-46500-331TRAVEL & CONFERENCE EXPENSE. 00. 00700.00700.00700.00. 0
250-46500-340ADVERTISING. 00. 00100.00100.00100.00. 0
250-46500-433DUES & MEMBERSHIPS. 005,000.005,330.005,330.00330.0093.8
250-46500-582COMPUTER SOFTWARE. 00. 00400.00400.00400.00. 0
250-46500-588EDA PROGRAMS. 00. 0017,000.0017,000.0017,000.00. 0
250-46500-622TIF/ABATEMENT PAYMENTS. 00. 00143,500.00143,500.00143,500.00. 0
TOTALECONOMIC DEVELOPMENT A 6,602.7813,965.31247,190.00247,190.00233,224.695.7
FOR ADMINISTRATION USE ONLY8 % OFTHE FISCAL YEAR HAS ELAPSED02/ 12/2026 03:36PM PAGE: 17
30

[PAGE 31]
CITYOFSTJOSEPH
EXPENDITURES WITHCOMPARISON TOBUDGET
FORTHE1MONTHS ENDINGJANUARY 31, 2026
EDA
PRIOR YTDAMOUNTYTD ACTUALORIGINAL BUDGETBUDGETUNEXPENDEDPCNT
TOTAL FUND EXPENDITURES6, 602.7813,965.31247,190.00247,190.00233,224.695.7
NETREVENUE OVEREXPENDITURES( 11,350.04)( 7,886.88). 00. 007,886.88. 0
FOR ADMINISTRATION USE ONLY8 % OFTHE FISCAL YEAR HAS ELAPSED02/ 12/2026 03:36PM PAGE: 18
31

[PAGE 32]
CITYOFSTJOSEPH
BALANCESHEET
JANUARY31,2 026
FUND251 - REVOLVING LOANFUND
ASSETS
251-10199CASH1, 914.05
TOTAL ASSETS1, 914.05
LIABILITIES ANDEQUITY
FUNDEQUITY
REVENUE OVER EXPENDITURES - YTD1,914.05
TOTAL FUND EQUITY1, 914.05
TOTAL LIABILITIES AND EQUITY1, 914.05
32

[PAGE 33]
CITYOFSTJOSEPH
REVENUES WITHCOMPARISON TOBUDGET
FORTHE1MONTHS ENDINGJANUARY 31, 2026
REVOLVING LOANFUND
PRIOR YTDAMOUNTYTD ACTUALORIGINAL BUDGETBUDGETUNEXPENDEDPCNT
EDA
251-46500-36210INTEREST EARNINGS( 1,008.57) 890.025,500.005,500.004,609.9816.2
251-46500-36320LOAN PRINCIPAL1, 436.14983.4211,900.0011,900.0010,916.588.3
251-46500-36321LOAN INTEREST56. 5540.61390.00390.00349.3910.4
TOTAL EDA484. 121,914.0517,790.0017,790.0015,875.9510.8
TOTAL FUND REVENUE484. 121,914.0517,790.0017,790.0015,875.9510.8
FOR ADMINISTRATION USE ONLY8 % OFTHE FISCAL YEAR HAS ELAPSED02/ 12/2026 03:36PM PAGE: 19
33

[PAGE 34]
CITYOFSTJOSEPH
EXPENDITURES WITHCOMPARISON TOBUDGET
FORTHE1MONTHS ENDINGJANUARY 31, 2026
REVOLVING LOANFUND
PRIOR YTDAMOUNTYTD ACTUALORIGINAL BUDGETBUDGETUNEXPENDEDPCNT
EDA
251-46500-300PROFESSIONAL SERVICES. 00. 002,000.002,000.002,000.00. 0
TOTALEDA. 00. 002,000.002,000.002,000.00. 0
TOTALFUNDEXPENDITURES. 00. 002,000.002,000.002,000.00. 0
NET REVENUE OVER EXPENDITURES484. 121,914.0515,790.0015,790.0013,875.9512.1
FOR ADMINISTRATION USE ONLY8 % OFTHE FISCAL YEAR HAS ELAPSED02/ 12/2026 03:36PM PAGE: 20
34

[PAGE 35]
CITYOFSTJOSEPH
BALANCESHEET
JANUARY31,2 026
FUND253 - TIF4-1FORTITUDE SENIORAPTS
ASSETS
253-10199CASH62. 25
TOTAL ASSETS62. 25
LIABILITIES ANDEQUITY
FUNDEQUITY
REVENUE OVER EXPENDITURES - YTD62.25
TOTAL FUND EQUITY62. 25
TOTAL LIABILITIES AND EQUITY62. 25
35

[PAGE 36]
CITYOFSTJOSEPH
REVENUES WITHCOMPARISON TOBUDGET
FORTHE1MONTHS ENDINGJANUARY 31, 2026
TIF4-1FORTITUDE SENIOR APTS
PRIOR YTDAMOUNTYTD ACTUALORIGINAL BUDGETBUDGETUNEXPENDEDPCNT
EDA
253-46500-31050TAX INCREMENT. 00. 0073,500.0073,500.0073,500.00. 0
253-46500-36210INTEREST EARNINGS( 64.64) 62.251,000.001,000.00937.756.2
TOTALEDA( 64.64) 62.2574,500.0074,500.0074,437.75. 1
TOTALFUNDREVENUE( 64.64) 62.2574,500.0074,500.0074,437.75. 1
FOR ADMINISTRATION USE ONLY8 % OFTHE FISCAL YEAR HAS ELAPSED02/ 12/2026 03:36PM PAGE: 21
36

[PAGE 37]
CITYOFSTJOSEPH
EXPENDITURES WITHCOMPARISON TOBUDGET
FORTHE1MONTHS ENDINGJANUARY 31, 2026
TIF4-1FORTITUDE SENIOR APTS
PRIOR YTDAMOUNTYTD ACTUALORIGINAL BUDGETBUDGETUNEXPENDEDPCNT
EDA
253-46500-300PROFESSIONAL SERVICES. 00. 001,275.001,275.001,275.00. 0
253-46500-306COUNTY TIFADMIN FEE. 00. 00105.00105.00105.00. 0
253-46500-340ADVERTISING. 00. 00110.00110.00110.00. 0
253-46500-622TIF/ABATEMENT PAYMENTS. 00. 0066,150.0066,150.0066,150.00. 0
TOTALEDA. 00. 0067,640.0067,640.0067,640.00. 0
TOTALFUNDEXPENDITURES. 00. 0067,640.0067,640.0067,640.00. 0
NETREVENUE OVEREXPENDITURES( 64.64) 62.256,860.006,860.006,797.75. 9
FOR ADMINISTRATION USE ONLY8 % OFTHE FISCAL YEAR HAS ELAPSED02/ 12/2026 03:36PM PAGE: 22
37

[PAGE 38]
CITYOFSTJOSEPH
BALANCESHEET
JANUARY31,2 026
FUND257 - TIF2-1MILLSTREAM SHOPSLOFTS
ASSETS
257-10199CASH1, 309.58
TOTAL ASSETS1, 309.58
LIABILITIES ANDEQUITY
FUNDEQUITY
REVENUE OVER EXPENDITURES - YTD1,309.58
TOTAL FUND EQUITY1, 309.58
TOTAL LIABILITIES AND EQUITY1, 309.58
38

[PAGE 39]
CITYOFSTJOSEPH
REVENUES WITHCOMPARISON TOBUDGET
FORTHE1MONTHS ENDINGJANUARY 31, 2026
TIF2-1MILLSTREAM SHOPSLOFTS
PRIOR YTDAMOUNTYTD ACTUALORIGINAL BUDGETBUDGETUNEXPENDEDPCNT
EDA
257-46500-31050TAX INCREMENT. 001,236.5053,550.0053,550.0052,313.502.3
257-46500-36210INTEREST EARNINGS( 80.70) 73.08525.00525.00451.9213.9
TOTALEDA( 80.70) 1,309.5854,075.0054,075.0052,765.422.4
TOTALFUNDREVENUE( 80.70) 1,309.5854,075.0054,075.0052,765.422.4
FOR ADMINISTRATION USE ONLY8 % OFTHE FISCAL YEAR HAS ELAPSED02/ 12/2026 03:36PM PAGE: 23
39

[PAGE 40]
CITYOFSTJOSEPH
EXPENDITURES WITHCOMPARISON TOBUDGET
FORTHE1MONTHS ENDINGJANUARY 31, 2026
TIF2-1MILLSTREAM SHOPSLOFTS
PRIOR YTDAMOUNTYTD ACTUALORIGINAL BUDGETBUDGETUNEXPENDEDPCNT
EDA
257-46500-300PROFESSIONAL SERVICES. 00. 001,275.001,275.001,275.00. 0
257-46500-306COUNTY TIFADMIN FEE. 00. 0075.0075.0075.00. 0
257-46500-340ADVERTISING. 00. 00110.00110.00110.00. 0
257-46500-622TIF/ABATEMENT PAYMENTS. 00. 0048,195.0048,195.0048,195.00. 0
TOTALEDA. 00. 0049,655.0049,655.0049,655.00. 0
TOTALFUNDEXPENDITURES. 00. 0049,655.0049,655.0049,655.00. 0
NETREVENUE OVEREXPENDITURES( 80.70) 1,309.584,420.004,420.003,110.4229.6
FOR ADMINISTRATION USE ONLY8 % OFTHE FISCAL YEAR HAS ELAPSED02/ 12/2026 03:36PM PAGE: 24
40

[PAGE 41]
CITYOFSTJOSEPH
BALANCESHEET
JANUARY31,2 026
FUND259 - TIF2-3BAYOUBLUESALLEYFLAT
ASSETS
259-10199CASH3. 13
TOTAL ASSETS3. 13
LIABILITIES ANDEQUITY
FUNDEQUITY
REVENUE OVER EXPENDITURES - YTD3.13
TOTAL FUND EQUITY3. 13
TOTAL LIABILITIES AND EQUITY3. 13
41

[PAGE 42]
CITYOFSTJOSEPH
REVENUES WITHCOMPARISON TOBUDGET
FORTHE1MONTHS ENDINGJANUARY 31, 2026
TIF2-3BAYOUBLUESALLEYFLAT
PRIOR YTDAMOUNTYTD ACTUALORIGINAL BUDGETBUDGETUNEXPENDEDPCNT
EDA
259-46500-31050TAX INCREMENT. 00. 0052,500.0052,500.0052,500.00. 0
259-46500-36210INTEREST EARNINGS( 6.14) 3.1315.0015.0011.8720.9
TOTALEDA( 6.14) 3.1352,515.0052,515.0052,511.87. 0
TOTALFUNDREVENUE( 6.14) 3.1352,515.0052,515.0052,511.87. 0
FOR ADMINISTRATION USE ONLY8 % OFTHE FISCAL YEAR HAS ELAPSED02/ 12/2026 03:36PM PAGE: 25
42

[PAGE 43]
CITYOFSTJOSEPH
EXPENDITURES WITHCOMPARISON TOBUDGET
FORTHE1MONTHS ENDINGJANUARY 31, 2026
TIF2-3BAYOUBLUESALLEYFLAT
PRIOR YTDAMOUNTYTD ACTUALORIGINAL BUDGETBUDGETUNEXPENDEDPCNT
EDA
259-46500-300PROFESSIONAL SERVICES. 00. 001,275.001,275.001,275.00. 0
259-46500-306COUNTY TIFADMIN FEE. 00. 00100.00100.00100.00. 0
259-46500-340ADVERTISING. 00. 00110.00110.00110.00. 0
259-46500-622TIF/ABATEMENT PAYMENTS. 00. 0047,250.0047,250.0047,250.00. 0
TOTALEDA. 00. 0048,735.0048,735.0048,735.00. 0
TOTALFUNDEXPENDITURES. 00. 0048,735.0048,735.0048,735.00. 0
NETREVENUE OVEREXPENDITURES( 6.14) 3.133,780.003,780.003,776.87. 1
FOR ADMINISTRATION USE ONLY8 % OFTHE FISCAL YEAR HAS ELAPSED02/ 12/2026 03:36PM PAGE: 26
43

[PAGE 44]
2026 Capital Expenditures
General Fund Capital Improvement Plan - EDA
Final adopted December 1, 2025
12/31/2025
Available through 1/31 through 1/31
Project Project Reserve Budget Grants/Aids Spent 2026
Department Account Code Number Equipment Balance 2026 2026 2026 Balance
EDA 250-46500-582 EDA-1401 Computer Software 3,243.38 400.00 3,643.38
EDA 250-46500-588 EDA-1402 Business Development 55,577.22 1 7,000.00 72,577.22
RLF 251-46500-588 EDA-1402 Business Development 477,053.91 - 477,053.91
532,631.13 1 7,000.00 - - 549,631.13
TOTAL EDA CIP 535,874.51 17,400.00 - - 553,274.51
BFA Grants Awarded, not paid as of 1/31/26: Project Grant Match $
College & Minnesota, Quonset Building106 2nd Ave NW front façade $2,000
Pierce Insurance 26 2nd Ave NW front façade $2,000
44