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Chaska holds public hearing on proposed TIF District 25 for EDCO; final approvals scheduled for Sept. 29
Summary
Council and EDA held a published public hearing on establishing Tax Increment Financing District 25 to support EDCO's proposed industrial/manufacturing headquarters. No votes were taken; staff plans final actions and contract authorization at the Sept. 29 meetings.
Chaska held a public hearing on Monday on a proposed modification to Redevelopment District No. 4 that would create Tax Increment Financing (TIF) District 25 to support EDCO’s planned headquarters and manufacturing expansion.
Julie (staff) summarized the TIF plan. The proposed district would be located in the city’s southwest business park (southeast of Engler Boulevard and Creek Road), designated an economic development district and would run for eight…
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