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The properties are being sold pursuant to a Purchase Agreement between the Developer <br />and the Authority for redevelopment in accordance with a redevelopment plan heretofore <br />adopted by the Authority (the "Redevelopment Plan ") and the Development Agreement. Copies <br />of the Purchase Agreement and the Development Agreement will be on file and available for <br />public inspection at the office of the Executive Director of the Authority, City Hall 515 Little <br />Canada Road East, Little Canada, Minnesota. <br />All persons may appear at the public hearing and present their views orally or in writing <br />on the proposed subsidy and the sale of the property. <br />Dated: October 23, 2002 <br />BY ORDER OF TFIE BOARD OF <br />COMMISSIONERS <br />/s/ Joel Hanson <br />Executive Director <br />1461707v1 2 <br />