MFDA Board Meeting – October 23, 2025

1. Call to Order
a. Roll Call of Members

2. Approve minutes from September 25, 2025
[Attachment 01.00] (Pg. 3)

3. Approve Order of Agenda

4. CONSENT AGENDA – APPROVE THE FOLLOWING:
a. Finance Report [Attachment 02.00] (Pg. 8)
b. Voucher Approval [Attachment 03.00] (Pg. 32)
c. Budget Change Request 023 from P3 Contingency for Drain Transitions to the Diversion Channel [Attachment 04.00] (Pg. 61)
d. DA Board Approval Contracting Actions [Attachment 05.00] (Pg. 62)
i. Horizon Real Estate Group Agreement [Attachment 05.01] (Pg. 64)
ii. Eide Bailly New MSA [Attachment 05.02] (Pg. 66)
e. Sale of Excess Land Recommendations
i. OINs 831 Sale of Excess Land [Attachment 06.01] (Pg. 68)
ii. OIN 9258 Sale of Excess Land [Attachment 06.02] (Pg. 75)
iii. OIN 9182Y Sale of Excess Land Recommendation [Attachment 06.03] (Pg. 83)

REGULAR AGENDA:
5. Executive Director Update
a. Governance Policy Amendment
[Attachment 07.00] (Pg. 90)

6. General Counsel Update

7. Project Updates
a. USACE Project Update [Attachment 08.00] (Pg. 141)
b. SWDCAI Project Update [Attachment 09.00] (Pg. 143)
c. Project Safety Update [Attachment 10.00] (Pg. 144)
d. P3 Monthly Update [Attachment 11.00] (Pg. 145)
e. Monthly Drone Footage Video

8. Communications Team Update

9. Land Management Update
a. Property Acquisition Status Report [Attachment 12.00] (Pg. 184)
b. Horace Elevator Site Update

10. Finance Update
a. 2026 Draft Cash Budget – Version 2 [Attachment 13.00] (Pg. 191)
b. Sales Tax Update [Attachment 14.00] (Pg. 192)

11. Other Business

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

13. Next Meeting: November 20, 2025

14. Adjournment