PC 2021-01 PLANNING COMMISSION
CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES,MINNESOTA
DATE: March 2,2021 RESOLUTION NO: 2021-01
MOTION BY: McGonazill SECONDED BY: Randall
RESOLUTION FINDING THAT TAX INCREMENT FINANCING DISTRICT NO. 12
CONFORMS TO THE GENERAL PLANS FOR THE DEVELOPMENT AND
REDEVELOPMENT OF THE CITY
WHEREAS,property at 1361 Lake Drive West identified as parcel number 25.6360020 within the
City of Chanhassen(the"City")is proposed to be developed by Lakes at Chanhassen, LLC,a Minnesota
Limited Liability Company, into a three-story, 110-unit, mixed-income apartment facility for senior living
(the"Project");and
WHEREAS,upon recommendation from the Chanhassen Planning Commission(the"Commission")
the City Council approved the Site Plan and Variance for the Project on January 25,2021;and
WHEREAS,the Chanhassen Economic Development Authority(the"EDA")and the City anticipate
tax increment financing as necessary to bridge a financial gap that otherwise renders the Project infeasible;
and
WHEREAS,the EDA and the City have proposed to adopt a Modification to the Redevelopment
Plan for the Downtown Chanhassen Redevelopment Project Area(the"Redevelopment Plan Modification")
and a Tax Increment Financing Plan for Tax Increment Financing District No. 12(the "TIF Plan")therefore
(the Redevelopment Plan Modification and the TIF Plan are referred to collectively herein as the "Plans")and
have submitted the Plans to the Commission pursuant to Minnesota Statutes, Section 469.175, Subd. 3; and
WHEREAS,the Project described as the subject of the Plans is the same as that approved by the City
Council on January 25,2021;and
WHEREAS,the Commission has reviewed the Plans to determine their conformity with the general
plans and guided land use 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.
Passed and adopted by the Chanhassen Planning Commission this 2"d day of March,2021.
ATTEST: l
Stev n W ick,Chairman Mark Randall,Vic -Chairman
YES NO ABSENT
Weick Reeder
Randall
McGonagill
Noyes
Skistad
von Oven
g:\plan\202I planning cases\21-04 1361 lake drive w.lake place(powers ridge apt,bldg c)\res_tif 12 planning commission feN ies docx