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PC 2017-01PLANNING COMMISSION CITY OF CHANHASSEN CARVER & HENNEPIN COUNTIES, MINNESOTA RESOLUTION NO. 2017-01 RESOLUTION OF THE CITY OF CHANHASSEN PLANNING COMMISSION FINDING THAT A MODIFICATION TO THE REDEVELOPMENT PLAN FOR DOWNTOWN CHANHASSEN REDEVELOPMENT PROJECT AREA AND A TAX INCREMENT FINANCING PLAN FOR TAX INCREMENT FINANCING DISTRICT NO. 11 CONFORM TO THE GENERAL PLANS FOR THE DEVELOPMENT AND REDEVELOPMENT OF THE CITY. WHEREAS, the project being developed by Chanhassen Frontier LLC consists of a six -story, 134 -unit apartment building with underground parking and single -story, 19,000 square feet commercial retail building (the "Project"); and WHEREAS, upon recommendation from the Planning Commission the City Council approved the Site Plan and Registered Land Survey in July 2017; and WHEREAS, the Chanhassen Economic Development Authority (the 'BDA") and the City of Chanhassen (the "City") have proposed to adopt a Modification to the Redevelopment Plan for the Downtown Chanhassen Redevelopment Project Area (the "Redevelopment Plan Modification") and the establishment of Tax Increment Financing District No. 11 (the "TIF Plan") therefore (the Redevelopment Plan Modification and the TIF Plan are referred to collectively herein as the "The Plans") and have submitted "The Plans" to the City Planning Commission (the "Commission") pursuant to Minnesota Statutes, Section 469.175, Subd. 3, and WHEREAS, the "Commission" has reviewed the "The Plans" to determine the Project's conformity with the general plans for the development and redevelopment of the City as described in the comprehensive plan for the City. NOW, THEREFORE, BE IT RESOLVED by the "Commission" that "The Plans" conform to the general plans for the development and redevelopment of the City as a whole. Dated: September 5, 2017 Andrew Aller, Chair ATTEST: S ven Weick, Vice Ch