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Minnetonka EDAC recommends 2026 HRA levy and forwards Economic Improvement Program to council
Summary
The Minnetonka Economic Development Advisory Commission reviewed the draft 2026 Economic Improvement Program (EIP), endorsed continuing the HRA levy funding package that sustains local housing programs and recommended the EIP, with minor edits, to the City Council for final consideration.
The Minnetonka Economic Development Advisory Commission voted on Aug. 2025 to recommend the city’s 2026 HRA levy allocation and forward the five-year Economic Improvement Program to the City Council for final action.
Alicia Grama, Community Development Department staff, told commissioners that “This will be the final iteration at EDAC to review the EIP. So this will go to council, I think, next month and, for consideration for final approval.” Grama reviewed the document’s housing, economic development, transit and redevelopment programs and the revenue sources that fund them.
Why it matters: the EIP bundles the city’s locally controlled funding priorities — including housing loans, down-payment assistance and redevelopment planning — into a single five-year plan that guides recommendations to the City Council and staff spending. The commission’s recommendation moves the document one step closer to formal adoption.
Most of the discussion centered on housing funding and program priorities. Grama outlined the city’s funds: a development account balance of about…
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