PUBLIC HEARING NOTICE
Notice is hereby given that the Red Wing Port Authority (the Authority) will hold a public hearing at the Red Wing City Hall in Council Chambers, located at 315 W 4th Street, Red Wing, MN 55066 on June 18th at 8:00 a.m., regarding the submittal of an application to the MN Department of Employment and Economic Development (DEED) for a grant under the Minnesota Investment Fund program.
At the hearing, the Authority will consider approving the submittal of the grant application to DEED in the amount of $500,000. The funding will be used to provide a loan to D B Industries dba Capital Safety USA to assist with an addition to the companys existing building located at 3833 Sala Way, Red Wing, MN.
The proposed loan constitutes a business subsidy under MN Statutes, Sect. 116J.993 to 116.995. The application and information regarding the proposed project, including a summary of the terms of the business subsidy agreement, will be on file at the Authoritys office, City Hall, 315 West 4th Street, Red Wing, MN 55066 on or after the date of this notice.
All persons may appear at the public hearing and present their views orally or in writing on the grant application and the proposed business subsidy, or filed with the Authority prior to this hearing. Each response will be duly considered and evaluated before any formal action is taken by the Authority.