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Chaska EDA approves parameters resolution to issue lease‑revenue bonds for municipal services building
Summary
The Chaska Economic Development Authority adopted a parameters resolution May 4 authorizing issuance and sale of lease‑revenue bonds (Series 2026A) to fund the municipal services building; the sale date was set for June 10, 2026.
The Chaska Economic Development Authority on May 4 adopted a parameters resolution authorizing issuance and sale of lease‑revenue bonds for Series 2026A to finance construction of the municipal services building.
EDA staff said levy dollars will cover a portion of the project and the bonds will fund construction; the EDA — not the city — will hold deed for the building/site until debt is paid, at which time the property will revert to the city. Staff reported municipal-advisor work and rating communications are underway; the bond sale was scheduled for June 10, 2026 and staff said Baker Tilly representatives would report sale results at the June 15 council meeting.
Commissioners moved and approved the parameters resolution authorizing lease‑revenue bond issuance. Staff said the city’s recent development activity and industrial park strength support market confidence for the financing.
EDA staff will return with sale results after the June 10 issuance.
