2010-07CHANHASSEN ECONOMIC DEVELOPMENT AUTHORITY
CITY OF CHANHASSEN
COUNTIES OF CARVER AND HENNEPIN
STATE OF MINNESOTA
DATE: September 13, 2010 RESOLUTION NO:
MOTION BY: Litsey SECONDED BY:
2010 -07
McDonald
RESOLUTION REQUESTING THE CITY COUNCIL OF THE CITY OF
CHANHASSEN CALL FOR A PUBLIC HEARING ON A MODIFICATION TO THE
TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING
DISTRICT NO. 4 AND A MODIFICATION TO THE TAX INCREMENT FINANCING
PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 5-1.
BE IT RESOLVED, by the Board of Commissioners (the 'Board ") of the Chanhassen Economic
Development Authority (the "EDA ") as follows:
WHEREAS, the EDA is proposing a Modification to the Tax Increment Financing Plan for Tax
Increment Financing District No. 4 (TIF District No. 4), a redevelopment district, and a Modification to
the Tax Increment Financing Plan for Tax Increment Financing District No. 5 -1 (TIF District No. 5 -1), a
housing district, all pursuant to, and in accordance with, Minnesota Statutes, Sections 469.174 through
469.1799 and Sections 469.090 to 469.1082, inclusive, as amended;
NOW, THEREFORE BE IT RESOLVED by the Board as follows:
The EDA hereby requests that the Council call for a public hearing on October 25, 2010, to
consider the proposed adoption of a Modification to the Tax Increment Financing Plan for TIF
District No. 4 and a Modification to the Tax Increment Financing Plan for TIF District No. 5 -1,
which are referred to collectively herein as the "Modifications ", and cause notice of said public
hearing to be given as required by law.
2. The Executive Director of the EDA is hereby directed to submit a copy of the Modifications to
the Council for its approval.
The EDA directs the Executive Director to transmit the Modifications to the county and the
school district in which TIF District No. 4 and TIF District No. 5 -1 are located no later than
September 24, 2010.
4. Staff and consultants are authorized and directed to take all steps necessary to prepare the
Modifications and related documents and to undertake other actions necessary to bring the
Modifications before the Council.
Approved by the Board on September 13, 2010.
7 A j*—
T d Gerhardt, Executive Director
Thomas A. Furlong, Chair