305 E. Luverne St.  
Luverne, MN 56156  
www.cityofluverne.org  
Announcement of Meeting  
Economic Development Authority  
Regular Meeting Agenda  
8:00 AM  
Monday, August 11, 2025  
Council Chambers  
A.  
CALL TO ORDER - ROLL CALL  
Mayor or Presider will call the meeting to order, state the time, and take roll call.  
PUBLIC HEARING  
Dikun Properties MN, LLC Proposal to Purchase Lot 1 in Mayes Fourth Addition  
1.  
Dikun Properties MN, LLC is proposing to purchase Lot 1 in Mayes Fourth  
Addition to construct a 70' x 170' wood frame building for the purposes of  
operating a cannabis grow facility.  
Dikun Properties MN Proposal to Purchase Lot  
Dikun Properties MN Notice of Public Hearing  
Mayes Fourth Addition  
Attachments:  
OCM Licensing Pathway  
B.  
C.  
APPROVAL OF MINUTES OF PRECEDING MEETING  
Approval of LEDA Regular Meeting Minutes - 07 14 2025  
1.  
07 14 2025 LEDA Minutes  
Attachments:  
BILLS AND COMMUNICATIONS  
Approval of Regular Department Payment Report - 07 2025  
1.  
Dept Payment Report - 07 2025  
Attachments:  
Approval of Financial Report - 07 2025  
2.  
Financial Report - 07 2025  
Attachments:  
D.  
E.  
DIRECTOR'S REPORTS & DISCUSSION  
BUSINESS  
Motion to Approve the Sale of Lot 1 in Mayes Fourth Addition to Dikun  
Properties MN LLC and Authorize President and Secretary to Sign the  
Development Agreement & Purchase Agreement.  
1.  
Dikun Properties MN, LLC is proposing to purchase Lot 1 in Mayes Fourth  
Addition to construct a 70' x 170' wood frame building for the purposes of  
operating a cannabis grow facility. The terms of the deal are included in the  
attached Development Agreement.  
FINAL Development Agreement Dikun Properties MN  
Purchase Agreement Dikun Properties MN LLC  
Attachments:  
Motion to Approve RBEG Revolving Loan Fund Application for Rock River  
Apothecary LLC.  
2.  
Rock River Apothecary LLC is applying for the $5000 Rural Business Assistance  
Loan for remodeling project at 203 E. Main St. The project includes creating a  
functional kitchen in her store which will allow her to create more products and  
enhance/diversify her product line. The scope of work includes plumbing work  
to relocate a water line; installing cabinets, countertop, and trim; painting and  
installing wallpaper; and purchase and installation of new ice maker machine.  
LOAN PROPOSAL:  
1) $5000 loan at 0% interest  
2) Five (5) year loan term  
3) Monthly payments, first payment due 10/15/2025  
4) Loan to be secured by personal guarantee  
Rock River Apothecary has submitted the proper paperwork and meets all of the  
requirements for this loan.  
F.  
ADJOURNMENT  
A motion to adjourn would be in order.