NOTICE OF PUBLIC HEARING OF THE CITY COUNCIL OF THE CITY OF GRANGER IN THE STATE OF IOWA, ON THE MATTER OF THE PROPOSAL TO ENTER INTO A DEVELOPMENT AGREEMENT RUETER & ZENOR CO. AND RUETER CORP, AND THE HEARING THEREON

NOTICE OF PUBLIC HEARING OF THE CITY COUNCIL OF THE CITY OF GRANGER IN THE STATE OF IOWA, ON THE MATTER OF THE PROPOSAL TO ENTER INTO A DEVELOPMENT AGREEMENT RUETER & ZENOR CO. AND RUETER CORP, AND THE HEARING THEREON PUBLIC NOTICE is hereby given that the Council of the City of Granger in the State of Iowa, will hold a public hearing on July 22, 2026, at 6:00 P.M. in the Granger Community Center, 2200 Walnut Street, Granger, Iowa., at which meeting the Council proposes to take action on the proposal to enter into a Development Agreement (the "Agreement") with Rueter & Zenor Co and Rueter Corp (collectively the "Developer"). The Agreement would obligate the Developer to construct certain Public Infrastructure Improvements (as defined in the Agreement) and Building Improvements on certain real property located within the Southeast Urban Renewal Area as defined and legally described in the Development Agreement, together with all related site improvements, under the terms and following satisfaction of the conditions set forth in the Agreement The Agreement would further obligate the City to make up to nineteen (19) consecutive annual payments of Economic Development Grants to Developer consisting of a percentage of the Tax Increments pursuant to the Iowa Code Section 403.19 and generated by the construction of the Building Improvements, the cumulative total for all such payments not to exceed the lesser of $1,140,000, or the amount accrued under the formula outlined in the proposed Development Agreement, under the terms and following satisfaction of the conditions set forth in the Agreement. A copy of the Agreement is on file for public inspection during regular business hours in the office of the City Clerk, City Hall, City of Granger, Iowa. At the above meeting the Council shall receive oral or written objections from any resident or property owner of said City, to the proposal to enter into the Agreement with the Developer. After all objections have been received and considered, the Council will at this meeting or at any adjournment thereof, take additional action on the proposal or will abandon the proposal to authorize said Agreement. This notice is given by order of the City Council of the City of Granger in the State of Iowa, as provided by Section 364.6 of the City Code of Iowa. Dated this 8th day of July, 2026. Kristy Trzeciak, City Clerk City of Granger, Iowa July 17 2026 LIOW0556873