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2026-69.docx 1 CITY OF CHANHASSEN CARVER AND HENNEPIN COUNTIES, MINNESOTA DATE: September 14, 2026 RESOLUTION NO: 2026-69 MOTION BY: McDonald SECONDED BY: von Oven A RESOLUTION APPROVING THE PRELIMINARY 2026 TAX LEVY, COLLECTIBLE IN 2027, AND ESTABLISHING THE TRUTH-IN-TAXATION PUBLIC MEETING DATE WHEREAS, the City Council is required to adopt a preliminary maximum tax levy by September 30 and certify the levy to the County for the purposes of preparing the Truth-in-Taxation notices mailed to property owners in the City of Chanhassen; and WHEREAS, the City Council has examined the preliminary budgetary and tax levy needs for the City of Chanhassen for the calendar year 2027 through budget meetings; and WHEREAS, the City Council will continue to examine the budget and tax levy needs through budget meetings prior to the adoption of the final budget and levy; and WHEREAS, the City Council has examined the debt service levy need for the 2016A bonds, which have a scheduled levy of $490,560, and has determined that a levy of $451,000 is adequate given the projected cash balance in the debt service fund for those bonds; and WHEREAS, the City Council has examined the debt service levy need for the 2025B bonds, which have a scheduled tax abatement levy of $545,081 and a CIP levy of $165,441, and has determined that a tax abatement levy of $414,600 and a CIP levy of $100,000 is adequate given the projected cash balance in the debt service fund for those bonds; and WHEREAS, the City Council is required to hold a Truth-in-Taxation public meeting between the dates of November 25 and December 28. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chanhassen that the preliminary levy to be levied in 2026 upon the taxable property in the City of Chanhassen for collection in the year 2027 for the following purposes and in the following amounts: Fund Pay 2027 Levy Amount General $13,112,000 Fleet & Equipment 750,000 Facilities 177,000 Pavement Management Program 1,040,000 Park Renovation 120,000 Transportation Infrastructure Management 250,000 PW Facility Debt Service (2016A Bonds) 451,000 Civic Campus Debt Service (2024A Bonds) 1,185,400 2025B Bonds – CIP Levy Portion 414,600 2025B Bonds – Abatement Levy Portion 100,000 TOTAL PRELIMINARY LEVY $17,600,000 Docusign Envelope ID: 807CED0F-5BE6-8F15-80C6-EE5FD30AE8FA 2 BE IT FURTHER RESOLVED that the City of Chanhassen authorizes the Treasurer to certify the preliminary levy to the County Auditor for preparation of the Truth-in-Taxation notices, as set forth in the Preliminary Tax Levy Certification document; and BE IT FURTHER RESOLVED that the City Council has scheduled the Council Meeting on December 14, 2026, at 7:00 p.m. for the Truth-in-Taxation public meeting to discuss the budget and levy, allow public comment, and adopt the final 2027 budget and levy. PASSED AND ADOPTED by the Chanhassen City Council this 14th day of September 2026. ATTEST: Jenny Potter, City Clerk Elise Ryan, Mayor YES NO ABSENT Ryan von Oven Schubert Kimber McDonald Docusign Envelope ID: 807CED0F-5BE6-8F15-80C6-EE5FD30AE8FA