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 10th day of December, 2024 at 5:00 p.m., local time, at the Village of Johnson City Municipal Hall, 60 Lester Avenue, Johnson City, New York 13790, and will be streamed on the date and time above referenced at www.theagency-ny.com, in connection with the following matters:
Square Deal Partners 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 buildings located on 16.62+/- acres of land situate at 400 Riverside Drive in the Village of Johnson City, Broome County, New York (the “Land”) to be used as a mixed use development consisting of 67 housing units equipped with fitness, gaming, and recreation centers with surveillance cameras and key fob access as well as a restaurant, gymnasium, and outdoor grilling area which will be open to the public (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 tax, and an abatement of real property taxes deviating from the Agency’s Uniform Tax Exemption Policy.
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
By: Stacey M. Duncan, Executive Director
Dated: November 22, 2024