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Chaska EDA authorizes assignment of TIF development agreement for Chaska Place (North Meadows)
Summary
The Chaska Economic Development Authority approved assignment and closing documents to transfer the development agreement for the 127-unit North Meadows/Chaska Place apartments to Granite Hybrid Fund 2 LLC and authorized staff to execute closing documents that preserve the TIF district's remaining years for future affordable housing use.
CHASKA, Minn. — The Chaska Economic Development Authority on Monday authorized staff to execute closing documents to assign the tax-increment financing (TIF) development agreement for the North Meadows apartments (branded Chaska Place) to a new buyer.
Background and reason for the assignment The property, adjacent to the public safety facility and originally developed in 2002, comprises 127 residential units. When originally…
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