Derrick Corp. (Public hearing held - December 29th at 9:30 a.m.)

Mon Dec 29th, 2014 9:30 am to Wed Jan 28th, 2015 12 pm
At Cheektowa Town Hall, 3301 Broadway, Cheektpowaga, NY 14227

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 29, 2014 at 9:30 a.m. at the Town of Cheektowaga Town Hall located at 3301 Broadway (Town Council Chamber), Cheektowaga, New York 14227 regarding:

Derrick Corporation, 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) a leasehold interest in a parcel of land located at 585 Duke Road, Town of Cheektowaga, Erie County, New York (the "Land") to be improved thereon with a new 5,495+/- SF addition to the Company's Research building (the "Improvements"), and (ii) 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 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 real property tax abatement 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 January 27, 2015.  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 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 January 27, 2015 at 4:00 p.m.

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