Notice of Public Hearing- AE-Town Hall Solar 2

08/07/19

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 20th day of August, 2019, at 11:00 a.m. local time, at Town of Brookhaven Town Hall, 1 Independence Hill, Farmingville, New York 11738, in connection with the following matters:

AE-Town Hall Solar 2, LLC, a Delaware limited liability company, on behalf of itself and/or the principals of AE-Town Hall Solar 2, 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 long-term leasehold interest in the rooftop of the Town of Brookhaven (the “Town”) Town Hall building (the “Building”), located on an approximately 6.0 acre parcel of land located at 1 Independence Hill, Farmingville, New York 11738 (more particularly described as Suffolk County Tax Map No. 0200-572.00-03.00-002.001) (the “Land”), owned by the Town, and the construction of an approximately 960kW solar array thereon (the “Improvements”), and the equipping thereof, including, but not limited to, approximately 2,560 375-watt solar panels, together with solar modules, inverters, racking and other solar array equipment (collectively, the “Equipment”; and together with the Land and the Improvements, the “Facility”) (collectively, the “Project”). The Facility will be initially owned, operated and/or managed by the Company.

The Agency will acquire a subleasehold interest in the rooftop of the Building, 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. At the hearing, all persons will have the opportunity to review 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: August 9, 2019
TOWN OF BROOKHAVEN INDUSTRIAL DEVELOPMENT AGENCY

By: Lisa MG Mulligan
Title: Chief Executive Officer

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