NOTICE OF PUBLIC HEARING

ON PROPOSED PROJECT

AND FINANCIAL ASSISTANCE

RELATING THERETO

Notice is hereby given that a public hearing (the “Public Hearing”) pursuant to Section 859-a(2) of the General Municipal Law of the State of New York, as amended (the “Act”) will be held by Erie County Industrial Development Agency (the “Agency”) on the 12^th day of April, 2022 at 9:00 o’clock a.m., local time, at the offices of the Agency located at 95 Perry Street – Suite 403 in the City of Buffalo, Erie County, New York in connection with the following matters:

The City School District of the City of Buffalo (the “District”) submitted an application (the “Application”) to the Agency, a copy of which Application is on file at the office of the Agency, which Application requested that the Agency consider undertaking a project (the “Project”) for the benefit of the District, said Project consisting of the following: (A) the refinancing of the Agency’s School Facility Refunding Revenue Bonds (City School District of the City of Buffalo Project), Series 2012A (the “Series 2012A Bonds”), which Series 2012A Bonds were issued on April 19, 2012 in the aggregate principal amount of $209,540,000 to refund the Agency’s School Facility Revenue Bonds (City School District of the City of Buffalo Project), Series 2004 (the “Series 2004 Bonds”), which Series 2004 Bonds issued on December 22, 2004 in the aggregate principal amount of $310,125,000 to finance a project consisting of the acquisition, construction, renovation, reconstruction, improvements, equipping and furnishing of certain facilities of the District (the “Facilities”) as the second phase of the Buffalo Schools Reconstruction Project; (B) the financing of all or a portion of the costs of the foregoing by the issuance of tax-exempt revenue bonds of the Agency in one or more issues or series in an aggregate principal amount sufficient to pay the cost of undertaking the Project, together with necessary incidental costs in connection therewith, in an aggregate principal amount not to exceed $85,000,000 (the “Bonds”); and (C) the payment of a portion of the costs incidental to the issuance of the Bonds, including issuance costs of the Bonds and any reserve funds as may be necessary to secure the Bonds.

The Facilities are located at the following addresses within the City of Buffalo:

BEST #6 – 414 S. Division Street

Futures Academy #37 – 295 Carlton Street

Houghton Academy #69 – 1725 Clinton Street

Drew Science Magnet E.C.C. #90 – 50 A Street

West Hertel Academy #94 – 489 Hertel Avenue

BAVPA #192 – 450 Masten Avenue

Hutchinson Central Technical High School #304 – 256 S. Elmwood Avenue

Bilingual Center #33 – 157 Elk Street

PS 048 at MLK #39 –  487 High Street

Early Childhood Center #82 – 230 Easton Avenue

BUILD Academy #92 – 340 Fougeron Street

Waterfront #95 –  95 Fourth Street

Lewis J. Bennett High School #363 –  2885 Main Street

All High Stadium –  50 Mercer Street

            The Bonds will be special limited obligations of the Agency payable solely from the New York State building and operating aid payable to the District and pledged as payment under an agreement with the Agency. THE BONDS SHALL NOT BE A DEBT OF THE STATE OF NEW YORK OR ERIE COUNTY, NEW YORK, AND NEITHER THE STATE OF NEW YORK NOR ERIE COUNTY, NEW YORK SHALL BE LIABLE THEREON.

The Agency has not yet made a determination pursuant to Article 8 of the Environmental Conservation Law (the “SEQR Act”) regarding the potential environmental impact of the Project.

The Agency will at said time and place hear all persons with views on the location and nature of the proposed Project, the financial assistance being contemplated by the Agency in connection with the proposed Project, including exemption from mortgage recording taxes with respect to any documents, if any, recorded by the Agency with respect to the Project in the office of the County Clerk of Erie County, New York or elsewhere, or the proposed plan of financing the proposed Project by the issuance from time to time of the Bonds. A copy of the Application filed by the District with the Agency with respect to the Project is available for public inspection during business hours at the offices of the Agency. A transcript or summary report of the hearing will be made available to the members of the board of directors of the Agency.

Any written comments may be submitted to the Agency’s website at www.ecidany.com, or mailed to the Agency at 95 Perry Street – Suite 403, Buffalo, New York 14203, until the comment period closes at 4:00 p.m. on April 26, 2022.

Click here for a copy of the application (PDF)