A-3. Attachment 3-Ehlers letter to SD 112 and Carver County 08-11-2017E -HL -ERS
BY FAX AND BY REGULAR MAIL LEADERS IN PUBLIC FINANCE
August 11, 2017
David Frischmon, Property & Financial Services Dir, Jeffrey Ross, School Board Clerk
Carver County Courthouse East Carver County School District No. 112
600 E 4th St.
Chaska, MN 55318
11 Peavey Road
Chaska, MN 55318
Re: The Chanhassen Economic Development Authority and the City of Chanhassen's proposed
Modification to the Redevelopment Plan for Downtown Chanhassen Redevelopment Project
Area and the proposed establishment of Tax Increment Financing District No. 11.
Dear Mr. Frischmon and Mr. Ross:
The Chanhassen Economic Development Authority (the "EDA") and the City of Chanhassen (the "City") are
proposing to adopt a Modification to the Redevelopment Plan for Downtown Chanhassen Redevelopment
Project Area to establish Tax Increment Financing District No. 11 (the "TIF District") therein and adopt a
Tax Increment Financing Plan (the "TIF Plan") therefor. The TIF District will be designated as a
redevelopment district, with a maximum life of 26 years of tax increment (or a shorter period as determined
by the EDA). Tax increments collected from the TIF District are proposed to be used to facilitate the
redevelopment of the former Frontier property into 134 market rate apartments and 19,000 square feet of
retail, as well as the construction of public improvements to adjacent infrastructure in the City. A map of
the TIF District is in Appendix B of the enclosed TIF Plan.
As required by Minnesota Statutes, Section 469.175, Subd. 2 and 4, we hereby forward a draft of the TIF
Plan for the TIF District. Please note that the TIF Plan is in draft form for distribution to the County Board
and the School Board. The TIF Plan contains the estimated fiscal and economic implications of the proposed
TIF District. Pursuant to M.S. Section 469.175 Subd. 2(b), the City has added additional fiscal implications
language related to police, fire, infrastructure, and borrowing costs for the TIF District as well as expected
amounts of taxes and tax increment attributable to the school district and county. Please contact the City
or me with requests for additional information to estimate the impacts upon county or school district
services. The EDA and City reserve the right to make changes to this draft document prior to the public
hearing; however, the authorized costs will not increase.
We would like to solicit your comments and offer to meet with you at your convenience, if you so desire.
In addition, we invite you to attend the public hearing to be held by the City Council at City Hall on
September 11, 2017, beginning at approximately 7:00 P.M. or to direct any comments or questions that you
may have to Todd Gerhardt (City of Chanhassen) at (952) 227-1119, or to me at (651) 697-8507.
Thank you for your consideration in reviewing the enclosed TIF Plan.
Sincerely,
EHLERS & ASSOCIATES, INC.
Nick Anhut
Municipal Advisor
Acting for and on behalf of the Chanhassen EDA and the City of Chanhassen, Minnesota
cc: Todd Gerhardt and Greg Sticha - City of Chanhassen; Laurie Davies - Carver County