24-01 EDACH135-65-937474.v1 1
CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES, MINNESOTA
CHANHASSEN ECONOMIC DEVELOPMENT AUTHORITY
DATE: April 15, 2024 RESOLUTION NO: 2024-01
MOTION BY: McDonald SECONDED BY: von Oven
RESOLUTION ADOPTING A MODIFICATION TO THE
REDEVELOPMENT PLAN FOR THE DOWNTOWN CHANHASSEN
REDEVELOPMENT PROJECT AREA AND THE TAX INCREMENT
FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT
NO. 13
BE IT RESOLVED by the Chanhassen Economic Development Authority as follows:
Section 1. Recitals.
1.01. The Chanhassen Economic Development Authority (the “EDA”) has been
established by the city of Chanhassen (the “City”) to promote development and redevelopment
within Chanhassen.
1.02. The EDA’s goals include recognizing the practical impediments to development
and redevelopment in areas of the community which are fully developed and offering public
assistance when appropriate for projects which advance its goals.
1.03. To promote development and redevelopment of a key part of the community, the
EDA and the City previously established the Downtown Chanhassen Redevelopment Project Area
the “Redevelopment Project”) and adopted a Redevelopment Plan (the “Redevelopment Plan”)
for same.
1.04. In response to a mixed use residential and commercial redevelopment proposal, the
EDA authorized the preparation of a modification to the Redevelopment Plan and a tax increment
financing plan (the “TIF Plan”) for Tax Increment Financing District No. 13 (the “TIF District”),
which are contained in a document entitled “Modification to the Redevelopment Plan for The
Downtown Chanhassen Redevelopment Project Area and Tax Increment Financing Plan for Tax
Increment Financing District No. 13 (a renewal and renovation district)”, prepared by Ehlers and
on file with the EDA.
Section 2. Authority Approval.
2.01. Copies of the modified Redevelopment Plan and the TIF Plan were transmitted to
the board of Independent School District No. 112 and the board of commissioners of Carver
County for review and comment and said public bodies were notified of the public hearing to be
held on the modified Redevelopment Plan and TIF Plan by the City on March 11, 2024.
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CH135-65-937474.v1 2
2.02. The EDA finds that its objectives of encouraging development and redevelopment
within the Project Area will be advanced by adoption of the modified Redevelopment Plan and the
TIF Plan.
2.03. Based on the findings of the Chanhassen planning commission on February 20,
2024, the EDA also finds that the modified Redevelopment Plan and the TIF Plan are consistent
with the City’s comprehensive plan.
2.04. The modified Redevelopment Plan and the TIF Plan are hereby adopted.
Section 3. Further Proceedings.
3.01. The EDA requests that the City hold a public hearing on the modified
Redevelopment Plan and the TIF Plan pursuant to Minnesota Statutes, section 469.175 and
recommends that the modified Redevelopment Plan and TIF Plan be approved by the City.
3.02. Upon approval of the modified Redevelopment Plan and the TIF Plan by the City,
the EDA’s executive director is authorized and directed to request that the original tax capacity of
the property within TIF District No. 13 be certified to the EDA by the Carver County Auditor.
PASSED AND ADOPTED by the Chanhassen City Council on this 15th day of April 2024.
ATTEST:
Kim Meuwissen, City Clerk Elise Ryan, Mayor
YES NO ABSENT
Ryan Schubert
McDonald
von Oven
Kimber
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