NOTICE OF PUBLIC HEARING

            Pursuant to Article 18-A of NYS General Municipal Law, the Erie County Industrial Development Agency (the "Agency") will hold a public hearing on December 4, 2014 at 9:00 a.m. at the Agency's offices, at 95 Perry Street-Suite 403, Buffalo, NY 14203 regarding:

Iskalo 1391 Hertel LLC, and/or Individual(s) or Affiliate(s), Subsidiary(ies), or Entity(ies) formed or to be formed on its behalf (the "Company"), has submitted an application to the Agency (a copy of which is on file at the office of the Agency) requesting the Agency to undertake a certain project (the "Project") consisting of:  (i) the leasehold interest in a portion of land located at 1391-1395 Hertel Avenue, City of Buffalo, Erie County, New York (the "Land") together with the former St. Margaret's Elementary School consisting of 30,190+/- SF thereon (the "Existing Improvements"), (ii) the construction and/or renovation, expansion, upgrading and equipping of the Existing Improvements thereon into a mixed-use project consisting of a 28,277+/- SF market-rate multi-tenant residential facility to include 23 one and two bedroom apartments, a gated parking lot for 50+/- cars, and 1,963+/- SF of retail space, with a plaza or patio connecting the Existing Improvements to Hertel Avenue, landscaping and green space (the "Improvements"), and (iii) the acquisition and installation by the Company of certain items of machinery, equipment and other tangible personal property (the "Equipment," and collectively with the Land, the Existing Improvements and the Improvements, the "Facility"). 

The Agency will acquire a leasehold interest in the Facility and lease the Facility back to the Company.  The Company will operate the Facility during the term of the lease.  At the end of the lease term, the leasehold interest will be terminated.  The Agency contemplates that it will provide financial assistance to the Company for qualifying portions of the Project in the form of sales and use tax exemption benefits and mortgage recording tax exemption benefits consistent with the policies of the Agency.

A representative of the Agency will be present at the above-stated time and place to present a copy of the Application and hear and accept written and oral comments from all persons with views in favor of or opposed to the proposed financial assistance.  Written comments may be submitted at this public hearing or delivered to the Agency at 95 Perry Street-Suite 403, Buffalo, NY 14203 until the comment period closes on December 16, 2014.  The project application is available for public inspection at the Agency's offices Monday through Friday (excluding public holidays) from 9:00 a.m. until 4:00 p.m.

This public hearing is being conducted in accordance with Subdivision 2 of Section 859-a of the New York General Municipal Law. 

 Click here for a copy of the application (PDF) 

Click here for a copy of the public hearing transcript (PDF) 

 If you would like to submit a comment regarding this project, please use the form below.  Alternatively, you may also email us directly at info@ecidany.com. Comments will be accepted until December 16, 2014 at 4:00 p.m