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 12th day of September, 2024 at 5:00 p.m., local time, at the Broome County Public Library, 185 Court Street, City of Binghamton, New York 13901, and will be streamed on the date and time above referenced at www.theagency-ny.com, in connection with the following matters:

The First Ward Action Council, Inc., a corporation 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 First Ward Gateway Revitalization project which includes the substantial renovation of eight existing residential structures into 19 units of housing and the new construction, on an existing vacant lot, of an additional 19 residential units and two commercial spaces. A total of 38 residential units will be developed serving households earning between 30% and 60% of the area median income in a mix of one, two and three bedroom apartments (the “Facility”). The total project includes approximately 20,000 square feet of residential space and 2,000 square feet of commercial space and will be located at 20 Winding Way, 27 Dickinson Street, 41 Clinton Street, 241 Front Street, 274 Front Street, 276 Front Street, 10 Mather Street, 242 Front Street, and 251 Front Street all within the City Binghamton, Broome County, New York (the “Land”) and the acquisition and installation in the Facility of certain machinery, equipment, furniture and fixtures (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 through 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.

BROOME COUNTY INDUSTRIAL

DEVELOPMENT AGENCY

Dated: August 23, 2024 By: Stacey M. Duncan, Executive Director