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2025-54EXTRACT OF MINUTES OF A MEETING OF THE CITY COUNCIL OF THE CITY OF CHANHASSEN, MINNESOTA HELD: JuIy 28,2025 Pursuant to due call and notice thereof, a regular or special meeting of the City Council of the City of City of Chanhassen, Carver and Hennepin Counties, Minnesota, was duly held at City Hall on July 28, 2025, at7:00 P.M., for the purpose, in part, of calling for a public hearing on proposed property tax abatements. The following members were present: Ryan von Oven Kimber Schubert McDonald and the following were absent: None Member McDonald introduced the following resolution and moved its adoption: RESOLUTION NO. 2025.54 RESOLUTION CALLING FOR A PUBLIC HEARING ON PROPOSED PROPERTY TAX ABATEMENTS BE IT RESOLVED by the City Council (the "Council") of the City of Chanhassen, Minnesota (the "City"), as follows: 1 Recitals. (a) Minnesota Statutes, Sections 469.1812 through 469.1815, as amended, both inclusive, authorize the City, upon satisfaction of certain conditions, to grant an abatement of all or a part of the taxes levied by the City on real property within its boundaries. (b) It is a legal requirement that the City hold a public hearing prior to adoption of a resolution granting any property tax abatements. 2. Hearinq. A public hearing on the consideration of the property tax abatement will be held at the time and place set forth in the Notice of Hearing attached hereto as Exhibit A and hereby made a part hereof. 3. Notice. The City Manager is hereby authorized and directed to cause notice of said hearing in substantially the form attached hereto as Exhibit A to be published in a newspaper of general circulation in the City at least once more than 10 days but less than 30 days before the 174536479v t hearing. The newspaper must be one of general interest and readership in the City and not one of limited subject matter. The motion for the adoption of the foregoing resolution was duly seconded by Council Member Kimber and, after full discussion thereof and upon a vote being taken thereon, the following Council Members voted in favor thereof: Ryan von Oven Kimber Schubert McDonald and the following voted against the same None Whereupon said resolution was declared duly passed and adopted. 2 174536479v I STATE OF MINNESOTA COUNTIES OF CARVER AND HENNEPIN CITY OF CHANHASSEN I, the undersigned, being the'duly qualified and acting City Manager of the City of Chanhassen, Minnesota, DO HEREBY CERTIFY that I have compared the attached and foregoing extract of minutes with the original thereof on file in my office, and that the same is a full, true and complete transcript of the minutes of a meeting of the City Council, duly called and held on the date therein indicated, insofar as the minutes relate to the calling of a public hearing on proposed property tax abatements. WITNESS my hand on July 28,2025. '\fiJ,t("qrlrPPAAllA City Manager J l7 4536479v I EXHIBIT A CITY OF CHANHASSEN, MINNESOTA NOTICE OF PUBLIC HEARING REGARDING PROPOSED PROPERTY TAX ABATEMENTS NOTICE IS HEREBY GIVEN that the City Council of the City of Chanhassen, Minnesota will hold a public hearing at a meeting of the Council beginning at 7:00 P.M., on August 25,2025, to be held at the Chanhassen City Hall, 7700 Market Blvd, Chanhassen, Minnesota, on the proposal that the City abate property taxes levied by the City on the following property identified by the tax parcel identification numbers listed below (the " Tax Abatement Property"): [INSERT TAX PARCEL IDENTIFICATION NUMBERS HERE] The total amount of the taxes proposed to be abated by the City on the Tax Abatement Property for a period not to exceed 20 years is estimated to be not more than $The Council will consider the property tax abatement to finance the costs related to sitework, park and community amenity improvement portions of the Civic Campus Project within the City (the "Project"). The City proposes to issue general obligation bonds, a portion of which will be issued to finance the Project, in an amount not to exceed $10,250,000. All interested persons may appear at the August 25,2025 public hearing and present their views orally; or if in writing contact the City Manager's office at 7700 Market Blvd, Chanhassen, Minnesota, 55317 or 952-227-1119. BY ORDER OF THE CITY COUNCIL /s/ Laurie Hokkanen. City Mm l7 4536479v I A-l