Notice of Public Hearing - 240 Blue Point Realty LLC

09/03/25

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 16th day of September, 2025, at 11:00 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:

240 Blue Point Realty 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 240 Blue Point Realty LLC and/or an entity formed or to be formed on behalf of any of the foregoing (the “Company”), has applied to the Agency to enter into a transaction in which the Agency will assist in (A) the acquisition of approximately 2.25 acres of land located at 740 Bluepoint Road, Holtsville, New York (also known as Tax Map No. District 0200, Section 085.00, Block 03.00, Lot 008.000) (the “Land”), (B) the renovation, construction, equipping and furnishing of an approximately 16,000 square foot building, together with the acquisition, installation and equipping of improvements, structures and other related facilities attached to the Land (the “Improvements”), and (C) 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 is to be subleased by the Agency to the Company and sub-subleased by the Company to a related entity, Coco Architectural Grilles & Metalcraft Co. (“Coco”), a business corporation, organized and existing under the laws of the State of New York, and used by the Company and Coco to manufacture custom linear bar grilles, decorative perforated grilles, and other custom architectural metal products (the “Project”). The Facility will be initially owned, operated and/or managed by the Company.

The Agency will acquire a leasehold interest in the Land and Improvements and title to the Equipment and will lease and sublease 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 exemption of real property taxes, all consistent with the uniform tax exemption policy (“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: September 5, 2025
TOWN OF BROOKHAVEN INDUSTRIAL DEVELOPMENT AGENCY

By: Lisa MG Mulligan
Title: Chief Executive Officer

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