February 14, 2014
NOTICE OF PUBLIC HEARING ON PROPOSED BUSINESS SUBSIDIES
CITY OF MARSHALL COUNTY OF LYON
STATE OF MINNESOTA
NOTICE IS HEREBY GIVEN that the Common Council (the "Council") of the City of Marshall, Minnesota (the "City") will hold a public hearing on behalf of the City and the Economic Development Authority in and for the City of Marshall (the "Authority") at approximately 5:30 p.m. on Tuesday February 25, 2014 in the Marshall Middle School, 401 South Saratoga Street, Marshall, Minnesota 56258, on the sale of real property by the Authority and the proposed business subsidy ("Business Subsidy") to Action Manufacturing, Inc. (the "Redeveloper"). Minnesota Statutes, sections 116J.993 to 116J.995, as amended (the "Business Subsidy Act") requires that a public hearing be held for subsidies over $150,000.
The public hearing is for the purpose of receiving public comment on the proposed sale of real property and a Business Subsidy to publicly assist the proposed expansion of Action Manufacturing, Inc. in the City. A draft Contract for Private Development, including a Business Subsidy Agreement between the Authority and the Redeveloper, has been prepared and is on file for public review in the Office of the City Administrator.
The public purpose for the proposed sale of real property and the Business Subsidy is to financially facilitate the construction by Action Manufacturing, Inc. of a 20,000 square foot warehouse (the "Facility") and related purposes to increase the tax base of the City, to retain full-time equivalent living wage jobs, to create full-time equivalent living wage jobs and to induce spin-off economic development in the City. All interested persons may appear at the public hearing and be heard orally or in writing.
Date: February 14, 2013Thomas Meulebroeck, Finance Director/City Clerk