News & Events

02-24-21 Public Hearing Notice for Acropolis

03/08/21

Application
CBA

NOTICE  IS  HEREBY  GIVEN  that  due  to  the  Novel  Coronavirus  (COVID-19) Emergency  State  and  Federal  bans  on  large  meetings  or  gatherings  and  pursuant  to  Governor Cuomo’s Executive Order 202.1 issued on March 12, 2020, as amended to date, permitting local governments to hold public hearings by telephone and video conference and/or similar device, the Public Hearing scheduled for March 22, 2021, at 10:30a.m., local time, being held by the Town of Brookhaven Industrial Development Agency (the “Agency”), in accordance with the provisions of Article 18-A of the New York General Municipal Law will be held electronically via conference call instead of a public hearing open for the public to attend. Members of the public may listen to the Public Hearing, and comment on the Project (defined below) and the benefits to be granted by the Agency to the Company (defined below) during the Public Hearing, by calling (712-770-5505), and entering access code 884-124. Comments may also be submitted to the Agency in writing or electronically. Minutes of the Public Hearing will be transcribed and posted on the Agency’s website, all in connection with the following matters:

15 Commercial 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 of 15 Commercial LLC and/or  an  entity  formed  or  to  be  formed  on  behalf  of  any  of  the  foregoing  (collectively,  the “Company”), and Acropolis  Framing Inc.(d/b/a  Parthenon  Framing),a  business  corporation organized and  existing  under  the  laws  of  the  State  of  New  York,on  behalf  of itself and/or  the principals of Acropolis Framing, Inc., and/or an entity formed or to be formed on behalf of any of the foregoing (collectively, the “Sublessee”), have applied to the Agency for assistance in (a) the acquisition  of  an approximately 1.03 acre  parcel  of  land (the  “Land”), the acquisition  and renovation of the approximately 10,000 square foot building and other improvements thereon (the “Improvements”), and the acquisition and installation therein of certain equipment not part of the Equipment  (as  defined  herein)  (the  “Facility  Equipment”), located or  to  be  located at 15 Commercial Boulevard, Medford,Town of Brookhaven, Suffolk County, New York (and further described  on  the  Suffolk  County Tax  Map as No.200-606.00-02.00-011.000)(collectively,  the Land, Improvements and  Facility  Equipment may be referred to as the “Company Facility”), which Company Facility is to be leased to the Agency by the Company, subleased by the Agency to the Company, and further subleased by the Company to the Sublessee, and (b) the acquisition and installation of certain equipment and personal property (the “Equipment,” together with the Company Facility, the “Facility”) to be leased by the Agency to the Sublessee, and which Facility is  to  be  used  by  the  Sublessee  for  the manufacture  and  distribution  of,  and  office  space  in connection with the Sublessee’s business of the  manufacture and distribution of, picture  frames and related products.  The Company Facility will be initially owned, operated and/or managed by the Company and  the  Equipment  will  be  initially  owned,  operated  and/or  managed  by  the Sublessee.

The  Agency  will  acquire a leasehold interest  in  the Land  and Improvements and title  to  the Facility Equipment and  the  Equipment, and  will lease and  sublease the Company Facility to the Company for further subleasing to the Sublessee, and will lease the Equipment to the Sublessee.  

The Agency contemplates that it will provide financial assistance to the Company and the Sublessee in the form of exemptions from mortgage recording taxes in connection with the financing or any subsequent refinancing financing of the Facility, exemptions from sales and use taxes in connection with the renovation and equipping of the Facility, and exemption of real property taxes, consistent with the uniform tax exemption policies (“UTEP”) 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: March 10, 2021
TOWN OF BROOKHAVEN INDUSTRIAL DEVELOPMENT AGENCY

By: Lisa MG Mulligan
Title: Chief Executive Officer

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