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The Economic Development Authority unanimously approved the sale of North Branch real property and adopted its 2026 budget. The budget allows combined EDA and HRA special-purpose levies of up to $625,337, based on the city’s estimated market value.
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The property-sale approval advances an economic development transaction without further review by the North Branch Planning Commission. The 2026 budget includes improvement projects, debt payments, increased marketing, and less reliance on the city’s general fund. The EDA also approved a month-to-month residential lease amendment, authorized up to $7,500 for a rail-access grant application, and supported engineering work for a Fletcher Avenue street and utility extension.
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