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 August 27, 2015 at 9:30 a.m. at the Agency's offices, at 95 Perry Street-Suite 403, Buffalo, NY 14203 regarding:

722 Group 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) a leasehold interest in a parcel or parcels of land located at 722 Delavan West in the City of Buffalo, Erie County, New York (the "Land") improved thereon with the vacant former School 56 building containing in the aggregate approximately totaling 69,000 +/- square feet (the "Existing Improvements"), (ii) the renovation, upgrading and equipping of the Existing Improvements on the Land to accommodate (a) approximately 33 apartments in studio, one-, two-, and three-bedroom configurations from the basement level through the third floor, (b) approximately 5,000-10,000 sq. ft. of commercial space in the basement level and first floor, (c) an elevator shaft, (d) a new entrance lobby, and (e) re-surfacing and re-striping of the existing parking surface (collectively, 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 September 15, 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 the project, please use the form below.  Alternately, you mail also e-mail us directly at info@ecidany.com.  Comments will be accepted up until September 15, 2015 at 4:00 p.m.