CITY OF BLUE EARTH

COUNTY OF FARIBAULT

STATE OF MINNESOTA

NOTICE OF PUBLIC HEARING

NOTICE IS HEREBY GIVEN that the City Council (the “Council”) of the City of Blue Earth, Faribault County, Minnesota, will hold a public hearing on Monday, June 30, 2025, at 5:05 p.m. in the City Council Chambers at City Hall, 201 E 7th Street, Blue Earth, Minnesota, relating to (i) the proposed establishment of Tax Increment Financing District No. 10-1 (an economic development district) within Development District No. 8, and the proposed adoption of a Tax Increment Financing Plan therefor, all pursuant to and in accordance with Minnesota Statutes, Sections 469.124 through 469.133 and Sections 469.174 through 469.1794, inclusive, as amended, and (ii) providing a business subsidy pursuant to Minnesota Statutes, Sections 116J.993 to 116J.995 (the “Business Subsidy Act”). A copy of the proposed Tax Increment Financing Plan is on file and available for public inspection at the office of the City Administrator at City Hall.

The property proposed to be included in Tax Increment Financing District No. 10-1 is described in the Tax Increment Financing Plan on file in the office of the City Administrator. Subject to certain limitations, tax increment from Tax Increment Financing District No. 10-1 may be spent on eligible uses within the boundaries of Tax Increment Financing District No. 10-1 and Development District No. 8.

A map of Development District No. 8 and Tax Increment Financing District No. 10-1 is set forth (See Map)

Following the public hearing, the City Council will consider a resolution approving certain tax increment financing assistance. The tax increment financing assistance is a business subsidy under the Business Subsidy Act to the extent it does not qualify for an exemption therefrom. A summary of the terms of the proposed business subsidy is available for inspection at City Hall during regular business hours. Any person with a residence in the City or who is the owner of taxable property in the City may file a written complaint with the City if the City fails to comply with the Business Subsidy Act. No action may be filed against the City for the failure to comply unless a written complaint is filed.

All interested persons may appear at the hearing and present their views orally or in writing prior to the hearing.

Dated: June 16, 2025BY ORDER OF THE CITY COUNCIL

/s/ Richard Scholtes, Mayor

June 16, 2025