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2024-84170135735v1 EXTRACT OF MINUTES OF A MEETING OF THE CITY COUNCIL CITY OF CHANHASSEN, MINNESOTA HELD: December 9, 2024 Pursuant to due call, a regular or special meeting of the City Council of the City of Chanhassen, Carver County, Minnesota, was duly held in the Chanhassen City Hall Council Chambers, 7700 Market Boulevard in the City on December 9, 2024, at 7:00 P.M. The following members were present: Ryan von Oven Kimber Schubert and the following were absent: McDonald Member Kimber introduced the following resolution and moved its adoption: RESOLUTION NO. 2024-84 RESOLUTION OF THE CITY OF CHANHASSEN, MINNESOTA APPROVING MINNESOTA SESSION LAWS, 2023, REGULAR SESSION, CHAPTER 64, ARTICLE 10, SECTION 29 A. WHEREAS, the regular session of the Minnesota Legislature passed, and the Governor signed, Minnesota Session Laws, 2023, Regular Session, Chapter 64, Article 10, Section 29 (the “Special Law”), which states as follows: Sec. 10. CITY OF CHANHASSEN; TAXES AUTHORIZED. Subdivision 1. Sales and use tax authorization. Notwithstanding Minnesota Statutes, section 297A.99, subdivision 1, or 477A.016, or any other law, ordinance, or city charter, and if approved by the voters at an election as required under Minnesota Statutes, section 297A.99, subdivision 3, the city of Chanhassen may impose by ordinance a sales and use tax of up to one-half of one percent for the purposes specified in subdivision 2. Except as otherwise provided in this section, the provisions of Minnesota Statutes, section 297A.99, govern the imposition, Docusign Envelope ID: 8C4DF870-63DF-4262-B247-11CBEEEF60B2 170135735v1 administration, collection, and enforcement of the tax authorized under this subdivision. The tax imposed under this subdivision is in addition to any local sales and use tax imposed under any other special law. Subd. 2. Use of sales and use tax revenues. The revenues derived from the tax authorized under subdivision 1 must be used by the city of Chanhassen to pay the costs of collecting and administering the tax and paying for up to $40,000,000 for construction costs of the Avienda Recreational Facility, including securing and paying debt service on bonds issued to finance all or part of the project. Subd. 3. Bonding authority. (a) The city of Chanhassen may issue bonds under Minnesota Statutes, chapter 475, to finance all or a portion of the costs of the projects authorized in subdivision 2. The aggregate principal amount of bonds issued under this subdivision may not exceed $40,000,000, plus an amount to be applied to the payment of the costs of issuing the bonds. (b) The bonds may be paid from or secured by any funds available to the city of Chanhassen, including the tax authorized under subdivision 1. The issuance of bonds under this subdivision is not subject to Minnesota Statutes, sections 275.60 and 275.61. (c) The bonds are not included in computing any debt limitation applicable to the city of Chanhassen, and any levy of taxes under Minnesota Statutes, section 475.61, to pay principal and interest on the bonds is not subject to any levy limitation. A separate election to approve the bonds under Minnesota Statutes, section 475.58, is not required. Subd. 4. Termination of taxes. Subject to Minnesota Statutes, section 297A.99, subdivision 12, the tax imposed under subdivision 1 expires at the earlier of (1) 20 years after the tax is first imposed, or (2) when the city council determines that the amount received from the tax is sufficient to pay for the project costs authorized under subdivision 2, plus an amount sufficient to pay the costs related to issuance of any bonds authorized under subdivision 3, including interest on the bonds. Except as otherwise provided in Minnesota Statutes, section 297A.99, subdivision 3, paragraph (f), any funds remaining after payment of the allowed costs due to the timing of the termination of the tax under Minnesota Statutes, section 297A.99, subdivision 12, must be placed in the general fund of the city. The tax imposed under subdivision 1 may expire at an earlier time if the city so determines by ordinance. Docusign Envelope ID: 8C4DF870-63DF-4262-B247-11CBEEEF60B2 170135735v1 EFFECTIVE DATE. This section is effective the day after the governing body of the city of Chanhassen and its chief clerical officer comply with Minnesota Statutes, section 645.021, subdivisions 2 and 3. B. WHEREAS, such legislation requires local approval in accordance with Minnesota Statute, Section 645.021, subd. 2 and 3; and C. WHEREAS, the City has determined that it is in the best interest of the City and its residents for the law to become effective; NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Chanhassen as follows: 1. The Special Law is hereby approved in all respects. 2. The City Manager is hereby instructed to submit the appropriate certificate and a copy of this Resolution to the Secretary of State of the State of Minnesota. 3. City staff are authorized and directed to take all actions necessary to implement the Special Law. This resolution shall become effective immediately upon its passage and without publication. Passed as of December 9, 2024. ATTEST: Jenny Potter, City Clerk Elise Ryan, Mayor The motion for the adoption of the foregoing resolution was duly seconded by member Schubert and, after full discussion thereof and upon a vote being taken thereon, the following voted in favor thereof: Ryan von Oven Kimber Schubert and the following voted against the same: None Docusign Envelope ID: 8C4DF870-63DF-4262-B247-11CBEEEF60B2 170135735v1 Whereupon said resolution was declared duly passed and adopted. STATE OF MINNESOTA COUNTY OF CARVER CITY OF CHANHASSEN I, the undersigned, being the duly qualified City Clerk of the City of Chanhassen, Minnesota, do hereby certify that I have compared the attached and foregoing extract of minutes with the original thereof on file in my office, and that the same is a full, true and complete transcript of the minutes of a meeting of the City Council, duly called and held on the date therein indicated, insofar as such minutes relate to considering the approval of Minnesota Session Laws, 2023, Regular Session, Chapter 64, Article 10, Section 29. WITNESS my hand on December 9, 2024. ________________________________ Jenny Potter, City Clerk Docusign Envelope ID: 8C4DF870-63DF-4262-B247-11CBEEEF60B2