24-02 EDACH135\65\959614.v1 1
CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES, MINNESOTA
CHANHASSEN ECONOMIC DEVELOPMENT AUTHORITY
DATE: June 24, 2024 RESOLUTION NO: 2024-02
MOTION BY: Kimber SECONDED BY: von Oven
A RESOLUTION AUTHORIZING EXECUTION OF TWO
CONTRACTS FOR PRIVATE DEVELOPMENT
REGARDING TAX INCREMENT 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”) previously
adopted a resolution entitled “A 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”.
1.02. The City Council of the City of Chanhassen (the “City”) previously held a public
hearing and adopted a resolution entitled “Resolution Adopting a Modification to the
Redevelopment Plan for the Downtown Chanhassen Redevelopment Project Area and Approving
a Tax Increment Financing Plan for Tax Increment Financing District No. 13”.
1.03. To promote redevelopment within the Redevelopment Project Area and TIF
District No. 13, the EDA has negotiated a Contract for Private Development with Roers
Chanhassen Bennett Apartment Owners LLC for a project consisting of a six -story building
including approximately 184 multi-family rental housing units, 11,853 gross square feet of
commercial space, 388 structural parking spaces and the extension of Laredo Drive North (the
“West Building).
1.04. The EDA has also negotiated a contract for Private Development with Roers
Chanhassen Harlow Apartments Owner LLC for a project consisting of a five-story building
including approximately 126 multi-family rental housing units, 3,029 square feet of commercial
space, 68 structured parking stalls and 63 surface parking stalls (the “East Building”).
Section 2. Approval of Contracts for Private Development.
2.01. The Contracts for Private Development for the West Building and the East Building
are approved. The EDA President and Executive Director are hereby authorized and directed to
execute the Contracts on behalf of the EDA.
2.02. The Executive Director and EDA staff are also authorized and directed to take any
and all actions necessary or convenient to carry out the intent of this resolution.
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CH135\65\959614.v1 2
PASSED AND ADOPTED by the Chanhassen Economic Development Authority on this 24th
day of June 2024.
ATTEST:
Jenny Potter, City Clerk Elise Ryan, Mayor
Yes No Absent
Ryan Schubert McDonald
von Oven
Kimber
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