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NOTICE OF PUBLIC HEARING <br />NOTICE IS HEREBY GIVEN that the City Council of the City of Little Canada and the <br />Little Canada Economic Development Authority (EDA) will hold a public hearing on <br />Friday, July 27 at : .m. in the Council Chambers of City Hall, <br />Minnesota, regarding a proposed business subsidy to be granted by the EDA and City to <br />Sherman Associates or a related entity ( "Sherman ") under Minnesota Statutes, Sections <br />116J.993 to 116J.994. The proposed subsidy involves the transfer of land at a reduced <br />price and with repayment to the City and EDA through tax increment financing <br />assistance. The land sales are expected to facilitate development of approximately <br />70,000 square feet of new retail and office buildings. Both developments are included in <br />the Tax Increment Financing District No. 3 -2. <br />Information about the proposed business subsidy and a copy of the draft business <br />subsidy agreements for each recipient are available for inspection at the City Hall during <br />regular business hours. <br />All interested persons may appear and be heard orally and in writing. <br />Dated: [Date of Publication] <br />S1t3- 174307v1 <br />SA285 -50 <br />8 <br />