11-10-22 Notice of Public Hearing- Peconic Energy Storage

10/31/22

Application
CBA
Cover Letter

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 10th day of November 2022, at 10:00 a.m. local time, at the Town of Brookhaven Industrial Development Agency, 2nd Floor, One Independence Hill, Farmingville, New York 11738, in connection with the following matters:

Peconic River Energy Storage LLC, doing business as North Street Energy Storage, a Delaware limited liability company, on behalf of itself and/or the principals of Peconic River Energy Storage 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, to enter into a transaction in which the Agency will assist in the acquisition of a leasehold interest in an approximately 10-acre portion of an approximately 12.86 acre parcel of land located at 62, 68 and 74 Weeks Avenue, Manorville, New York (more particularly described as Suffolk County Tax Map No. 0200-558.00-01.00-002.000, 0- 03.000 and 004.000) (collectively, the “Land”), (i) the construction of a battery energy storage facility with energy storage enclosures and ancillary structures totaling approximately 11,262 square feet located on approximately 4.4 acres of the northwesterly portion of the Land, which will provide a 150 MW/600MWh Battery Energy Storage System, (ii) the demolition of three buildings approximately 900 square foot each, for a combined total of approximately 2,700 square feet, and an existing 2,500 square foot building on the Land, and (iii) the revegetation of an approximately 5.0 acre portion of the Land (collectively, the “Improvements”), and the acquisition and installation of certain equipment and personal property therein including, but not limited to battery cells and electrical equipment (the “Equipment”; and together with the Land and the Improvements, the “Facility”), which Facility will be sub-subleased, subleased and leased by the Agency to the Company and used by the Company to construct a battery energy storage system capable of charging from, and discharging into, the New York State power grid (collectively, the “Project”). The Facility will be initially leased, owned, operated and/or managed by the Company.

The Company is a wholly owned subsidiary of Plus Power, LLC an independent developer of transmission connected battery storage systems.

The Agency will acquire a subleasehold interest in the Land, a leasehold interest in the Improvements and title to or a leasehold interest in the Equipment and will sub-sublease, sublease and lease the Facility to 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: October 31, 2022
TOWN OF BROOKHAVEN INDUSTRIAL DEVELOPMENT AGENCY
By: Lisa MG Mulligan
Title: Chief Executive Officer 

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