Notice of Public Hearing – WF Industrial XII

12/29/22

Application
CBA
Fiscal & Impact Analysis
Project Need Analysis

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 Town of Brookhaven Industrial Development Agency (the "Agency") on the 11th day of January, 2023, at 10:00 a.m. local time, at Town of Brookhaven Town Hall, Industrial Development Agency, 1 Independence Hill, Farmingville, New York 11738, in connection with the following matters:

WF Industrial XII LLC, a limited liability company organized and existing under the laws of the State of New York, on behalf of itself and/or the principals and/or equity investors of WF Industrial XII LLC and/or an entity formed or to be formed on behalf of any of the foregoing (collectively, the "Company"), has applied to the Agency for assistance in connection with: (a) the acquisition of an approximately 71.45-acre parcel of land located approximately 100 feet to the west of Sills Road on the north side of Long Island Expressway (SR495), North Service Road, Yaphank, New York (SCTM 0200-662.00-02.00-005.016) (the "Land"), (b) the clearance of approximately 42.11 acres of the Land and the construction thereupon of an approximately 549,942 square foot building, together with the acquisition, installation and equipping of improvements, structures and other related facilities attached to the Land (the "Improvements"), and the acquisition and installation therein of certain equipment and personal property (the "Equipment" and together with the Land and the Improvements, the "Facility"), which Facility will be leased by the Agency to the Company, and subleased by the Company to various tenants (the "Tenants"), for use as an industrial warehouse and distribution space (the "Project"). The Facility will be initially owned, operated and/or managed by the Company.

The Agency contemplates that it will provide financial assistance to the Company in the form of exemptions from mortgage recording taxes in connection with the financing or any subsequent refinancing of the Facility, exemptions from sales and use taxes and abatement of real property taxes, consistent with the policies of the Agency.

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 Facility. Prior to the hearing, all persons will have the opportunity to review on the Agency's website (https://brookhavenida.org/), the application for financial assistance filed by the Company with the Agency and an analysis of the costs and benefits of the proposed Facility.

Dated: January 1, 2023
TOWN OF BROOKHAVEN INDUSTRIAL DEVELOPMENT AGENCY
By: Lisa MG Mulligan
Title: Chief Executive Officer 

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