City of Wanamingo
Regular EDA Meeting
Monday January 12, 2026
6:00 P.M.
Wanamingo City Council Chambers
401 Main Street
Wanamingo MN
PRESENT: Brian Gudknecht, Rebecca Haugen, Ryan Holmes, and Josh Schaefer
ABSENT: Annette Fritz, Jim Kittelson, and Amy McDonald
ALSO PRESENT: Michael Boulton and Laurie Musselman
Brian Gudknecht called the meeting to order at 6:00 p.m.
Pledge of Allegiance followed.
EDA Director Boulton stated that he would administer the oath of office to Annette Fritz and Amy McDonald Haugen for their new four-year terms in the coming week.
ADOPT AGENDA: Schaefer motioned, seconded by Haugen to adopt. Approved 4-0-0.
CONSENT AGENDA: Haugen motioned, seconded by Schaefer to approve. Approved 4-0-0.
PRESENTERS: NONE
NEW BUSINESS:
Resolution 26-01 - Election of 2026 EDA Board Officers of President, Vice President, Treasurer, and Secretary. Schaefer moved to approve, seconded by Haugen. Boulton stated that Gudknecht would remain President, Holmes would remain Vice-President, Fritz would take over a Treasurer, and Boulton would remain Secretary. Passed 4-0-0.
Resolution 26-02 = Approving re-appointment of Annette Fritz and Amy McDonald to the EDA Board: Holmes to approve, seconded by Haugen. Boulton explained that the four-year terms of Fritz and McDonald have expired at the end of 2025. Holmes recommended each of their re-appointments to the EDA Board. Passed 4-0-0.
Resolution 26-03 = Setting EDA Meeting Schedule for 2026: Schaefer moved to approve, seconded by Holmes. Boulton stated that the meeting dates are being held and that meetings would only occur if an agenda packet was delivered by the Friday before the Monday meeting. Boulton stated that the EDA By-Laws require the EDA to hold quarterly meetings, at minimum. Passed 4-0-0.
Administrator Boulton presented the 2025 Wanamingo Outstanding Indebtedness Report. The Wanamingo EDA paid $29,000 in bond principal in 2025 and owes $241,000 at the beginning of 2026. The City paid $487,000 in bond principal in 2025 and owes $4,097,000 at the beginning of 2026. Boulton stated that the current debt service is manageable with the interest rates associated with the existing bonds. Boulton stated that the City has roughly $130,000 of debt service capacity available for 2026/2027 (utilizing for Riverside Park parking lot and Torkelson Park pickleball court projects) with additional capacity available in 2026 ($90,000), 2027 ($93,000), and 2028 ($53,000). The next debt service capacity available would be $108,000 in 2032. The plan would be to issue new debt in the coming years to pay for infrastructure and equipment needs. Boulton stated that the City paid $516,000 in principle and roughly $118,384.50 in interest in 2025. The report will be submitted to Goodhue County next week, according to the MN State Statutes.
Boulton shared an email request from Nate Roth of Benike Construction on behalf of Mead Johnson at the Medical Center. Mead Johnson has requested to add a door to the egress path in the Mead Johnson suite at the Medical Center. The purpose of the door would be to create some sound separation between the conference room and the office. There are currently disruptions to office staff when Mead Johnson is having training. There is already exit signage in place and we would install a door with push bar in the direction of travel. There would be no locks on the door. Boulton stated that the request came by email January 12th. Schaefer stated that there needs to be lit. This means that there needs to be a window in the door. Schaefer also stated that the door should be ADA compliant. Gudknecht asked if Mead Johnson would be paying for the door and installation. Boulton said yes, Mead Johnson would be paying for the door and installation. Haugen moved to approve Mead Johnson’s request for the door installation with stipulation that the door is lit, the door is ADA compliant, and paid for by Mead Johnson, seconded by Schaefer. Passed 4-0-0.
OLD BUSINESS:
There being no further business, Holmes made a motion seconded by Schaefer to adjourn the EDA meeting at 6:10PM. Approved 4-0-0.
Brian Gudknecht, President
Michael Boulton, Director
