2nd Notice of Public Hearing-NP/Winters Long Island Industrial LLC

11/23/21

Economic Impact Assessment
Cover Letter
CBA
Application

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 8th day of December, 2021, at 11:30 a.m. local time, at the Agency’s offices located at the Town of Brookhaven Town Hall, 2nd Floor, One Independence Hill, Farmingville, New York 11738, in connection with the following matters:

NP/Winters Long Island Industrial, LLC, a limited liability company organized and existing under the laws of the State of Delaware and authorized to transact business in the State of New York, on behalf of itself and/or the principals of NP/Winters Long Island Industrial, LLC, and/or equity investors of NP/Winters Long Island Industrial, LLC and/or an entity formed on behalf of any of the foregoing or the business of which is controlled by any of the foregoing (collectively, the “Company”), has applied to the Agency for assistance in connection with: (a) the acquisition of 2 parcels, containing approximately 271 acres of land located east of Sills Road, south of the Long Island Expressway and adjacent on both sides of the Long Island Railroad tracks in Yaphank, New York (also known as parcels B and C (north of the Long Island Railroad tracks) and part of parcel D (south of the Long Island Railroad tracks) (the “Land”), (b) the construction and equipping of approximately 2,461,000 square feet of rail-contiguous warehouse and distribution facilities to be located on 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”), all to be leased by the Agency to the Company to be subleased by the Company to a tenant or tenants not yet determined (the “Tenants”) and used as an industrial warehouse and distribution space (the “Project”). The Project will operate in an effort to attract tenants to the location, resulting in job creation and additional tax revenues for the Town of Brookhaven. The Facility will be initially owned, operated and/or managed by the Company.

The Agency will acquire a leasehold interest in the Land and the Improvements and title to the Equipment from the Company. The Agency will 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 in connection with the construction and equipping of the Facility and abatement 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.

Due to COVID-19 protocols, all persons attending the Public Hearing will be required to wear face masks and maintain proper social distancing.

TOWN OF BROOKHAVEN INDUSTRIAL DEVELOPMENT AGENCY

Dated: November 26, 2021
By: Lisa MG Mulligan
Title: Chief Executive Officer

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