HomeMy WebLinkAboutFebruary 04, 2026 - EDA PacketSHAKOPE E
Shakopee Economic Development Authority Regular Meeting
Wednesday, February 4, 2026
7:00 PM
City Hall, 485 Gorman Street
1. Roll Call
2. Approval of Agenda
3. Consent Business
3.a Approval of EDA Meeting Minutes
4. General Business
4.a Approval of 3 year Lease Amendment Agreement for Z Dress
5. Reports
5.a EDA Bill List
6. Adjourn to March 3, 2026, at 7:00 pm
Note to EDA Members: If you have any questions or need additional information on any of
the above items, please call Michael Kerski, prior to the meeting at (952)233-9346.
1
SHAKOPEE
Agenda Item:
Prepared by:
Reviewed by:
Shakopee Economic
Development Authority
February 4, 2026
Approval of EDA Meeting Minutes
Rick Parsons
3.a
Action to be considered:
I move to approve the EDA meeting minutes for January 6, 2026
Motion Type:
Simple Majority
Background:
The January 6, 2026, EDA meeting minutes are ready for approval.
Recommendation:
Approve the above requested motion.
Budget Impact:
none.
Attachments:
EDA Minutes 01-06-2026
2
SHAKOPEE
Economic Development Authority
City Hall
485 Gorman Street
Shakopee, MN, 55379
Tuesday, January 6, 2026
7:00 p.m.
Vision: Shakopee is a place where people want to be! A distinctive river town, with a
multitude of business, cultural and recreational opportunities in a safe, welcoming, and
attractive environment for residents and visitors.
Mission: Our mission is to deliver high quality services essential to maintaining a safe
and sustainable community. We commit to doing this cost-effectively, with integrity and
transparency.
1
Roll Call
PRESENT:
President Whiting, Commissioner DuLaney, Commissioner Lara, Commissioner
Contreras, and Commissioner Lehman
ABSENT:
None.
ALSO PRESENT:
None.
2) Approval of Agenda
3) Consent Business
3.a) Approval of EDA Meeting Minutes
Commissioner Contreras made a motion to approve consent business, second
by Commissioner Lara and the motion passed. 5 - 0
4) Reports
4.a) EDA Bill List
1/2 3
5) Adjourn
Commissioner Lara made a motion to adjourn to February 5, 2026, second by
Commissioner Contreras and the motion passed. 5 - 0
https://shakopeemn.granicus.com/MinutesViewer.php?clip_id=215&doc_id=545e1 a86-fd2b-11f0-bb28-005056a89546&form_id=
2/2 4
WILLA!
SHAKOPEE
Agenda Item:
Prepared by:
Reviewed by:
Shakopee Economic
Development Authority
February 4, 2026
Approval of 3 year Lease Amendment Agreement for Z Dress
Michael Kerski, Planning and Development Director
Michael Kerski
4.a
Action to be considered:
Approve lease extension with new rates
Motion Type:
Simple Majority
Background:
Z Dress is located at Suite 265 River City Centre 1st Ave E. , and occupies approximately
1,320 square feet of space. Z Dress is operated by Anab Ali and her LLC operating entity
is Bilkhery Boutique Fashion, LLC.
Anab Ali has been working with Lee Hall of Scott County CDA's NEXT program and last
year developed a business plan and cash flow projections. They have been operating the
business for approximately the past 12 months on a trial basis of one year from the lease
period of February 1, 2025, through January 3, 2026. They sell women's dresses,
accessories, rugs and assorted goods catering to their clientele. Anab Ali presented her
new business plan to City staff and discussed plans to increase business
Sales have increased at Z Dress since their one-year trial lease began.
They are current on their lease obligation and have remained so since it began. The one-
year trial lease was at a rate of $18.00 per sq. ft. They would like a new 3 -year lease
effective for the period of February 1, 2026 through January 31, 2029.
Staff is proposing Bilkhery Boutique Fashion, LLC to operate Z Dress in Suite 265 for a
three-year period at the following proposed lease rate:
Proposed Lease - Z Dress Suite 265 (Bilkhery Boutique Fashion, LLC)
Period Annual Base rent, per square foot Square Feet Monthly Base Rent
Annual Rent
02/01/26 - 1/31/27 $18.25 1,320 $2,007.50
$24,090.00
5
02/01/27- 1/31/28 $18.50
$24,420.00
02/01/28- 1/31/29 $18.75
$24,750.00
1,320
1,320
$2,035.00
$2,062.50
Recommendation:
Approve a three year lease extension with Bilkhery Boutique Fashion, LLC doing business
as Z Dress at the new rates.
Budget Impact:
Continues rent roll
Attachments:
6
WILLA!
SHAKOPEE
Agenda Item:
Prepared by:
Reviewed by:
Shakopee Economic
Development Authority
February 4, 2026
EDA Bill List
Becky Smith, Accounting Specialist
5.a
Action to be considered:
Review EDA Bill List
Motion Type:
Informational only
Background:
EDA Bill List provided to EDA Commissioners
Recommendation:
Information Only
Budget Impact:
N/A
Attachments:
7