2015-62CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES, MINNESOTA
DATE: October 12, 2015 RESOLUTION NO: 2015-62
MOTION BY: McDonald SECONDED BY: Ryan
RESOLUTION APPROVING THE DECERTIFICATION OF TAX INCREMENT
FINANCING DISTRICT NO.4 OF THE CITY OF CHANHASSEN
WHEREAS, on May 22, 2005, the City of Chanhassen (the "City") created its Tax
Increment Financing District No. 4 ("District No.") within its Downtown Chanhassen
Redevelopment Project Area (the "Project"); and
WHEREAS, as of the date hereof, all bonds and obligations to which tax increment from
District No. 4 have been pledged have been paid in full or defeased and all other costs of the Project have
been paid; and
WHEREAS, the City desires by this resolution to cause the decertification of District No. 4 after
which all property taxes generated by property within the District will be distributed in the same manner
as all other property taxes.
NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Chanhassen that
the City's staff shall take such action as is necessary to cause the County Auditor of Carver County to
decertify the District No.4 as a tax increment district and to no longer remit tax increment from the
District No. 4 to the City effective for taxes payable in 2016.
Passed and adopted by the Chanhassen City Council this 12th day of October, 2015.
ATTE i
To Gerhardt, City Manager Denny Lau nburge , Mayor
YES NO ABSENT
Laufenburger None Campion
McDonald Tjomhom
Ryan