Notice of Public Hearing Relating to Proposed
Business Subsidy for Cytotheryx
NOTICE IS HEREBY GIVEN that the Common Council (the "Council") of the City of Rochester, Minnesota, will hold a public hearing on October 19, 2020 at a meeting of the Council beginning at approximately 3:30 p.m., Central Time, in the Council/Board Chambers located in the Government Center, 151 4th Street SE, Rochester Minnesota, Rochester City Hall, on a proposed business subsidy for provision of a City of Rochester Economic Development Fund loan to Cytotheryx to facilitate a business expansion under Minnesota Statutes, Sections 116J.993 through 116J.995 (the "Business Subsidy Law").
It is proposed that the City enter into a Business Subsidy Agreement with Cytotheryx.
Copies of the Business Subsidy Agreement between the City and Cytotheryx and a summary of the terms of the subsidy are available at City Hall.
All persons may appear at the public hearing and present their views orally or in writing on the proposed subsidy.
(Oct. 10, 2020)2861930