NOTICE OF PUBLIC HEARING
NOTICE IS HEREBY GIVEN that a public hearing, pursuant to Article 18-A of the New York State General Municipal Law, will be held by the Broome County Industrial Development Agency (the “Agency”) on the 17th day of January, 2023 at 5:00 p.m., local time, at the Village of Endicott Village Hall, 1009 East Main Street, Endicott, New York 13760, and will be streamed on the date and time above referenced at www.theagency-ny.com, in connection with the following matters:
GMS Realty, LLC, a limited liability company organized and existing under the laws of the State of New York (the “Company”) has requested that the Agency assist in the financing of the acquisition, renovation, and equipping of the property and building located on 18.46+/- acres situate at 219 Vestal Avenue in the Village of Endicott, Broome County, New York (Broome County Tax Map Parcel number 157.10-6-36), 216 Harrison Avenue in the Village of Endicott, Broome County, New York (Broome County Tax Map Parcel number 157.10-6-25), and 216 Harrison Avenue Rear in the Village of Endicott, Broome County, New York (Broome County Tax Map Parcel number 157.10-6-5) (collectively, the “Land”) to be used as a warehouse (collectively, the “Facility”) and the acquisition and installation in the Facility of certain equipment (the “Equipment”). The Land, the Facility and the Equipment are hereinafter, collectively, the “Project”. The Project will be initially owned, operated and/or managed by the Company.
The Agency will acquire a leasehold interest in the Project from the Company and lease the Project back to the Company. At the end of the lease term, the Agency’s interest in the Project will be reconveyed to the Company. The Agency contemplates that it will provide financial assistance to the Company in the form of the issuance of exemptions from sales and use taxes, mortgage taxes, and an abatement of real property taxes.
A copy of the Company’s application to the Agency will be available for review, during regular business hours, at the Agency’s offices located at FIVE South College Drive, Suite 201, Binghamton, New York 13905.
A representative of the Agency will, at the above-stated time and place, hear and accept written comments from all persons with views in favor of or opposed to either the proposed financial assistance to the Company or the location or nature of the Project.
Minutes of the hearing will be made available to the County Executive of the County of Broome.
BROOME COUNTY INDUSTRIAL
Dated: January 4, 2023 By: Stacey M. Duncan, Executive Director