MFDA Board Meeting – April 23, 2026

1. Call to Order
a. Roll Call of Members

2. Approve minutes from the MFDA Board Meeting on March 26, 2026
[Attachment 01.00] (Pg. 3)
3. Approve Order of Agenda

4. CONSENT AGENDA – APPROVE THE FOLLOWING:
a. Finance Report [Attachment 02.00] (Pg. 12)
b. Voucher Approval [Attachment 03.00] (Pg. 42)
c. DA Board Approval Contracting Actions [Attachment 04.00] (Pg. 58)
i. AE2S Master Services Agreement, Amendment 1 [Attachment 04.01] (Pg. 60)
ii. Horizon Real Estate Group Agreement, Amendment 1 [Attachment 04.02] (Pg. 63)
iii. Minnkota Task Order 8, Amendment 2 [Attachment 04.03] (Pg. 65)
iv. WP47F Contract A General – Reservoir Site A Protection Project Award to RJ Zavoral [Attachment 04.04] (Pg. 68)
v. WP 47F Contract B Electric – Reservoir Site A Protection Project Award to FM Electric [Attachment 04.05] (Pg. 72)

REGULAR AGENDA:
5. Executive Director Update
a. Minnesota Legislative Update
b. Turnover of the DIS and WRRS
c. PPA Amendment Signing Ceremony
d. Crop Damage Update

6. General Counsel Update
a. Project Partnership Agreement, Amendment 2
[Attachment 05.00] (Pg. 76)
b. Resolution of Policy re. Executive Session Recordkeeping
Board Packet 2026-04-23 Page 1 of 148
[Attachment 06.00] (Pg. 89)
c. WIFIA Loan Update
d. Subordinated Sales Tax Bond Update
e. Resolution Authorizing the MFDA to Match 50/50 any Funds Received from the State of
Minnesota [Attachment 07.00] (Pg. 92)

7. Project Updates
a. USACE Project Update [Attachment 08.00] (Pg. 96)
b. SWDCAI Project Update [Attachment 09.00] (Pg. 98)
c. Project Safety Update [Attachment 10.00] (Pg. 99)
d. P3 Monthly Update [Attachment 11.00] (Pg. 100)
e. Monthly Drone Footage Video

8. Communications Team Update

9. Land Management Update
a. Property Acquisition Status Report [Attachment 12.00] (Pg. 141)

10. Finance Update
a. Sales Tax Update [Attachment 13.00] (Pg. 148)

11. Other Business

12. Public Comment – 15 minutes maximum. Each speaker is limited to three minutes.

13. Next Meeting: May 28, 2026

14. Adjournment
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