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Council approves $8.08 million HIA bond sale to preserve Villas at Chase Wood
Minnetonka City Council · September 30, 2025
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Summary
Council adopted a resolution authorizing sale of $8,080,000 in Housing Improvement Area bonds to fund preservation and repairs at the Villas at Chase Wood; staff said final costs came in below earlier estimates and 49 owners prepaid assessments.
The Minnetonka City Council on Sept. 29 adopted a resolution authorizing issuance of Housing Improvement Area (HIA) bonds totaling $8,080,000 for the Villas at Chase Wood.
Community-development staff said the final project cost was approximately $10.8 million, about $1.4 million below…
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