EDA 2010 04 12
CHANHASSEN ECONOMIC
DEVELOPMENT AUTHORITY
SPECIAL MEETING
APRIL 12, 2010
Chairman Furlong called the meeting to order at 5:35 p.m.
MEMBERS PRESENT:
Tom Furlong, Bethany Tjornhom, Vicki Ernst, Bryan Litsey, and
Jerry McDonald
MEMBERS ABSENT:
None
STAFF PRESENT:
Todd Gerhardt, Laurie Hokkanen, Paul Oehme, Kate Aanenson, Todd
Hoffman, and Greg Sticha
RESOLUTION APPROVING A MODIFICATION TO THE REDEVELOPMENT PLAN
FOR THE DOWNTOWN CHANHASSEN REDEVELOPMENT PROJECT AREA;
ESTABLISHING TAX INCREMENT FINANCING DISTRICT NO. 10 THEREIN AND
ADOPTING A TAX INCREMENT FINANCING PLAN THEREFOR; AND A
RESOLUTION APPROVING THE ELIMINATION OF PARCELS FROM TAX
INCREMENT FINANCING DISTRICT NO. 4, LOCATED WITHIN THE DOWNTOWN
CHANHASSEN REDEVELOPMENT PROJECT AREA, IN THE CITY OF
CHANHASSEN.
Todd Gerhardt presented the staff report and a PowerPoint presentation on this item.
Ernst asked if the costs identified in the staff report had been identified in previous staff reports
or if they were new costs. Gerhardt explained that the TIF District was outlined in previous
agreements, and now was being established.
Tjornhom moved, Litsey seconded that the Economic Development Authority authorize the
following resolutions:
Resolution #2010-03: Resolution Adopting a Modification to the Redevelopment Plan for
the Downtown Chanhassen Redevelopment Project Area; and Establishing Tax Increment
Financing District No. 10 Therein Establishing a Tax Increment Financing Plan Therefore.
Resolution # 2010-04: Tjornhom moved, Litsey seconded that the Economic Development
Authority authorizes a Resolution Approving the Elimination of Parcels from Tax
Increment Financing District No. 4, Located Within the Downtown Chanhassen
Redevelopment Project Area, in the City of Chanhassen.
All voted in favor and the motion carried unanimously with a vote of 5 to 0.
Economic Development Authority – April 12, 2010
APPROVAL OF MINUTES:McDonald moved, Ernst seconded to approve the Minutes of
the Chanhassen Economic Development Authority meeting dated February 22, 2010 as
presented. All voted in favor and the motion carried unanimously with a vote of 5 to 0.
Ernst moved, McDonald seconded to adjourn the meeting. All voted in favor and the
motion carried unanimously with a vote of 5 to 0. The Economic Development Authority
meeting was adjourned at 6:05 p.m.
Submitted by Todd Gerhardt
Executive Director
Prepared by Laurie Hokkanen
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