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Chaska EDA approves TIF district and subsidy for EDCO, and sets preliminary EDA levy
Summary
The Chaska Economic Development Authority on Sept. 29 approved a modification to Redevelopment Project Area No. 4 to establish Tax Increment Financing (TIF) District No. 25 for an EDCO project, authorized a TIF agreement and business subsidy, and adopted a preliminary EDA levy for payable 2026.
CHASKA, Minn. — The Chaska Economic Development Authority (EDA) on Monday approved a modification to Redevelopment Project Area No. 4 to create Tax Increment Financing (TIF) District No. 25 to support an EDCO development and authorized a TIF financing agreement and business subsidy.
Elise (city staff) briefed commissioners on the item and noted the proposal had been before the council and EDA in prior meetings and was on the consent agenda for the EDA this evening. “This actually was a consent agenda item for you this…
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