EDA Resolution 03-08-2021CERTIFICATION
STATE OF MINNESOTA )
)ss
COUNTYOFCARVER )
I, Kim T. Meuwissen, duly appointed and acting Deputy Clerk for the City of Chanhassen,
Minnesota, do hereby certifu that I have compared the foregoing copy of Chanhassen
Economic Development Authority Resolution No. 2021-0l "Adopting A Modification To
The Redevelopment Plan For The Downtown Chanhassen Redevelopment Project
Area And A Tax Increment Financing Plan For Tax Increment Financing District No.
12 Therein" adopted by the Chanhassen Economic Development Authority on March 8,
2021 with the original copy now on file in my office and have found the same to be a true
and correct copy thereof.
Witness my hand and official seal at Chanhassen, Minnesota, this 296 day of March,
2021.
Kim erk
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CHANHASSEN ECONOMIC DEVELOP}TENT .df THORITY
CITY OF CHANHASSIN
CARVER .{ND HEN}{EPI}I COT NTIES
ST.{TE OF MNJ\ESOTA
RESOLLTIO:{ NO. 2021-01
RESOLUTION ADOPTING A }TODTFICATION TO THf RfDEVELOPMENT
PLAN FOR THE DOWNTOWN CHANHASSEN Rf,DEVELOPMEI\T PROJECT
ARIA A:{D A TAX INCREMENT FINA:{CI:{G PL{N FOR TAX IT-CREMEI.T
FINAIiCI\G DISTRICT NO. T2 THEREIN
WI{EREAS. ir has been proposed by'the Board ofCommissioners (the "Board") ofthe Chanhassen
Economic Development AuthoriD (fie "EDA" ) and the Ciq ofChanhassen (the -Ci[") that the EDA adopt
a Modificarion ro rhe Redevelopmenr Plan (the "Redevelopment Plan Modification") for the Dounto$rr
Chanhassen Reder.elopment Project Area (the "Project Area") to establish Tax lncrement Financing District
No. ll (the "Districr") and adopt a Tar tncrement Financing Plan (the "TlF Plan") lherefor (the
Redevelopment Plan Modification and thc TIF Plan are refened to collecrirell herein as the "Plans"). all
pu6usnt to and in conformitl uith applicable tas. including Minnesota Sututes. Sections '159 090 to
fOg. tOt: -d S""rions .159.1 7.1 to '169.1 79-1. inclusire. as amended (the "Acl"). all es reflected in the Plans
and prcsented for the Board's consideration: and
WIIEREAS. rhe EDA has investigared the facts relating to the Plans and has caused the Plans to
be preparcd: and
WHf,REAS. rhe EDA has performed all actions required b1 la$ to be performed prior to the
adoprion ofthe Plans. The EDA has also requested the Citl Planning Commission to pror ide for rer ies
of ind urinen commenr on lhe Plans and that the Council schedule a public hearing on the Plans upon
published notice as required b1 lar,t.
NOW, THf,Rf,FORE, BE IT RESOLYED b1 the Board as follous:
l. The EDA hercb1, finds thar rhe Districr is in the public interesl and is a "housing district" under
Minnesora Srarutes. Section .159.17{. Subd. I l. and finds that lhe adoption ofrhe proposed Plans
conforms in all respecrs to the requirements ofthe Acr and uill help fulfill a need to detelop an
area of the Sute of Minnesota for affordable and highnualir-r housing and lherebl senes a public
purPose.
2. The EDA furrher finds that the Plans uill afford marimum oppomrniq. consisrent $ith lhe sound
needs for rhe ciq. as a shole. for the deYelopment or redevelopment ofthe Projecr Arca b1 prirate
enterprise in rhat the intenr is to provide onll that public assistance necessary lo make lhe prilate
derelopments financialll feasible.
The boundaries ofthe Project At€a are not b€ing expanded.
The reasons and facls supponing the findings in this resolution are described in the Plans.
The EDA elects to calculate fiscal disparities for the District in accordance uith Minnesota Statutes.
Section .169.177. SuM. 3. clause b. uhich means the fiscal disparities contribution *ould be taken
from inside the District.
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ATTEST:
EI
eather Johnston.Director
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Condirioned upon the approval thereof b) the cit)' council follorting its public hearing thereon.
the Plans. as presented to the EDA on this dare. are herebl approred. established and adopted and
shall be placed on file in the office ofthe EDA Erecuti\e Director.
Upon approval ofthe Plans bl the Ciq Council. rhe staff. the EDA's adr isors and legal counsel are
authorized and directed to proceed u ith the implementation of the Plans and for this purpose to
negotiate. draft. prepare and pres€nl to this Board for its consideration all further plans. resolutions.
documents and contta6ts n€cessal-'r'for this purpose. APprotal of the Plans does not cOnstitule
approval ofanl'project or a DereloPment Agreemenl $ilh an1 developer.
Upon approval of the Plans b1 the Ciq Council. the EDA Executive Director is authorized and
directed io for$ard a copy ofthe Plans to the Minnesota Depanment ofRevenue and the Oftice of
the State Auditor pursuant lo Minnesota Statules '169.1 75. SuM. '1a.
The EDA Esecutive Dircctor is authorized and directed to fors ard a copl of the Plans to the Can er
counq Auditor and rcquesl that rhe Auditor cenit the original tat capaciq of the District as
described in the Plans. all in accordance r*'ith Minnesou Statules 169.1'17 .
Approved b1 the Board on March 8. l0l I .
Chair