2025-58.docx175251908v1
EXTRACT OF MINUTES OF A MEETING OF THE
CITY COUNCIL OF THE CITY OF CHANHASSEN, MINNESOTA
HELD: AUGUST 25, 2025
Pursuant to due call and notice thereof, a regular or special meeting of the City Council of
the City of Chanhassen, Carver and Hennepin Counties, Minnesota, was duly held at City Hall on
August 25, 2025 at 7:00 P.M., for the purpose, in part, of approving property tax abatements.
The following members were present: Ryan, McDonald, Schubert, von Oven
and the following were absent: Kimber
Member Schubert introduced the following resolution and moved its adoption:
RESOLUTION NO. 2025-58
RESOLUTION APPROVING PROPERTY TAX ABATEMENTS
WHEREAS, the City Council (the "Council") of the City of Chanhassen, Minnesota (the
"City"), proposes to approve tax abatements to finance the costs related to sitework, park and
community amenity improvement portions of the Civic Campus Project, not including the City
Hall, within the City (the "Project"). The City proposes to use the abatement for the purposes
provided for in the Abatement Law (as hereinafter defined), including the Project. The proposed
term of the abatement will not exceed 20 years in an amount not to exceed $13,000,000. The
abatement will apply to the City's share of the property taxes (the "Abatement") derived from the
property described by tax parcel identification numbers in the table below (the "Tax Abatement
Property"); and
25.4280020 25.0750060 25.5650080 25.8670020
25.4280030 25.0740010 25.5650070 25.8670030
25.4280010 25.0680020 25.5660010 25.4520012
25.0780010 25.0680010 25.5650090 25.1900110
25.0780020 25.1890010 25.1840010 25.6420010
25.0750020 25.2710010 25.8790040 25.2200050
25.0750050 25.6310010 25.8670010
WHEREAS, the City has requested, in writing, that Carver County (the "County") grant
an abatement for the Project. The County has declined, in writing, to grant an abatement and
therefore the City has the authority to grant an abatement for up to twenty (20) years; and
WHEREAS, on the date hereof, the Council held a public hearing on the question of the
Abatement (as hereinafter defined), and notice of said hearing was published in a newspaper of
general circulation in the City at least once more than ten days but less than 30 days before the
hearing; and
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WHEREAS, the Council proposes to issue its general obligation abatement bonds in an
amount not to exceed $8,000,000, in one or more series, to finance the Project; and the Abatement
will be pledged to payment of the Bonds; and
WHEREAS, the Abatement is authorized under Minnesota Statutes, Sections 469.1812
through 469.1815, as amended (the "Abatement Law").
1. Findings for the Abatement. The City Council of the City of Chanhassen,
Minnesota hereby makes the following findings:
(a) The Council expects the benefits to the City of the Abatement to at least
equal or exceed the costs to the City thereof.
(b) Granting the Abatement is in the public interest because it will help provide
access to services for residents of the political subdivision.
(c) The Tax Abatement Property is not and will not be located in a tax
increment financing district during the Abatement period.
(d) In any year, the total amount of property taxes abated by the City by this
and other existing abatement resolutions, shall not exceed ten percent (10%) of net tax
capacity of the City for the taxes payable year to which the abatement applies or $200,000,
whichever is greater (the "Abatement Limit"). The City may grant other abatements
permitted under the Abatement Law after the date of this resolution, provided that to the
extent the total abatements in any year exceed the Abatement Limit the allocation of the
Abatement limit to such other abatements is subordinate to the Abatement granted by this
resolution.
2. Terms of Abatement. The Abatement is hereby approved. The terms of the
Abatement are as follows:
(a) The Abatement shall be for up to 20 years anticipated to commence for the
taxes levied in 2025 and payable in the year 2026. The City reserves the right to modify
the commencement date, but the abatement period shall not exceed 20 years.
(b) In accordance with Section 469.1815 of the Act, the City will add to its levy
in each year during the term of the Abatement the total estimated amount of current year
Abatement granted under this resolution.
(c) The City will abate the City's share of property tax amount which the City
receives from the Tax Abatement Property, cumulatively not to exceed $13,000,000.
(d) The Abatement shall be subject to all the terms and limitations of the
Abatement Law.
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The motion for the adoption of the foregoing resolution was duly seconded by Member
von Oven and, after a full discussion thereof and upon vote being taken thereon, the following
voted in favor thereof: Ryan, McDonald, Schubert, von Oven
and the following voted against the same: None
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STATE OF MINNESOTA
CARVER AND HENNEPIN COUNTIES
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 approval of property tax abatements.
WITNESS my hand on August 25, 2025.
__________________________________
City Manager
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