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 July 31, 2017 at 10:00 a.m.

at the Agency's offices, at 95 Perry Street, Suite 403, Buffalo, NY 14203 regarding:

166 Chandler Holdings, 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 parcel of land located at

166 Chandler Street in the City of Buffalo, Erie County, New York (the "Land") improved with

an existing 40,000+/- SF building (the "Existing Improvements"), (ii) the construction and

equipping of a new 10,000+/- SF addition and the renovation, upgrading, and equipping of the

Existing Improvements thereon into a total of approximately 20,000+/- SF of manufacturing

space and 30,000+/- SF of commercial 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 August 22, 2017. 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.