7-9-22 Notice of Public Hearing - FourGen-H LLC

07/13/22

Application
CBA
PILOT

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 19th day of July, 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:

FourGen-H LLC, a Delaware limited liability company, on behalf of itself and/or the principals of FourGen-H LLC, and the equity investors in and any tax credit investors in FourGenH 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 2,000 square foot area and certain land encumbered by utility access easements all within an approximately 8.39-acre parcel of land located at 586 Union Avenue, Holtsville, New York 11742 (more particularly described as Suffolk County Tax Map No. 0200-765.00-05.00-002.000) (the "Land"), the construction thereon of an approximately 0.92 MW fuel cell electric power generation project (the "Improvements"), and the acquisition and installation of certain equipment and personal property therein including, but not limited to fuel cell systems (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 fuel cell electric power generation project in order to sell community net metered power to the residents and small commercial customers (collectively, the "Project"). The Facility will be initially leased, owned, operated and/or managed by the Company.

Northville Industries Corp., a business corporation, on behalf of itself and/or the principals of Northville Industries Corp., and the equity investors in and any tax credit investors in Northville Industries Corp. and/or an entity formed or to be formed on behalf of any of the foregoing (collectively, the "Owner") will own the Land, and will ground lease the Land to the Company.

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 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.

Due to COVID-19 protocols, all persons attending the public hearing will be required to wear face masks and maintain proper social distancing. 4813-8339-6862.5

Dated: July 9, 2022

TOWN OF BROOKHAVEN INDUSTRIAL DEVELOPMENT AGENCY
By: Lisa M. G. Mulligan
Title: Chief Executive Officer 

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