Notice of Public Hearing – Framerica 19 Nicholas

02/12/21

Application
CBA  
Mins
  
NOTICE IS HEREBY GIVEN that due to the Novel Coronavirus (COVID-19) Emergency State and Federal bans on large meetings or gatherings and pursuant to Governor Cuomo’s Executive Order 202.1 issued on March 12, 2020, as amended to date, permitting local governments to hold public hearings by telephone and video conference and/or similar device, the Public Hearing scheduled for February 16, 2021, at 10:00 a.m., local time, being held by the Town of Brookhaven Industrial Development Agency (the “Agency”), in accordance with the provisions of Article 18-A of the New York General Municipal Law will be held electronically via conference call instead of a public hearing open for the public to attend. PLEASE NOTE THE SPECIAL PUBLIC HEARING LOGISTICS AND INSTRUCTIONS INCLUDED AT THE END OF THIS NOTICE

        Framerica Corporation, a business corporation organized and existing under the laws of the State of New York, on behalf of itself and/or the principals of Framerica Corporation 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 the Company in (a) the acquisition of a leasehold interest in an approximately 84,156 square foot portion (the “Demised Premises”) of an approximately 230,000 square foot building situated on an approximately 29.5 acre parcel of land located at 19 Nicholas Drive, Suite 100, Yaphank, Town of Brookhaven, New York (further identified as Tax Map No. District 0200, Section 703.00, Block 01.00, Lot 049.400) (the “Land”), currently owned by 1516-19 LLC, a Delaware limited liability company (the “Landlord”), (b) the renovation of the Demised Premises (the “Improvements”), and (c) the acquisition and installation therein of certain equipment including, but not limited to, office furniture, manufacturing equipment to produce and warehouse products and personal property (collectively, the “Equipment”; and, together with the Demised Premises and the Improvements, the “Facility”), which Facility will be subleased and leased by the Agency to the Company and which Facility will be used in the manufacturing, warehousing and distribution by the Company in its primary business of manufacturing picture frame moldings, architectural trims, and flooring transitions.

        The Agency contemplates that it will provide financial assistance to the Company in the form of exemptions from sales and use taxes in connection with the renovation and equipping of the Facility, and abatement of real property taxes, all 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.

        Members of the public may listen to the Public Hearing, and comment on the Project and the benefits to be granted by the Agency to the Company during the Public Hearing, by calling (712) 770- 5505 and entering access code 884-124. Comments may also be submitted to the Issuer in writing or electronically. Minutes of the Public Hearing will be transcribed and posted on the Issuer’s website.

Dated: February 4, 2021
TOWN OF BROOKHAVEN
INDUSTRIAL DEVELOPMENT AGENCY
By: Lisa MG Mulligan Title:
Chief Executive Officer

< Back To All Posts