Notice of Public Hearing - Holtsville Solar

02/09/21

Application
CBA
Public Hearing 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 of 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 9, 2021, at 11:00 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. Members of the public may listen to the Public Hearing, and comment on the Project (defined below) and the benefits to be granted by the Agency of the Company (defined below) during the Public Hearing, by calling 712-770-5505 and entering access code 884-124. Comments may also be submitted to the Agency in writing or electronically. Minutes of the Public hearing will be transcribed and posted on the Agency's website, all in connection with the following matters:

        Holtsville Solar, LLC, a Delaware limited liability company, on behalf of itself and/or the principals of Holtsville Solar, LLC, and the equity investors in and any tax credit investors in Holtsville Solar, 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 ground leasehold interest in an approximately 27.13-acre parcel of land located at 249 Buckley Road, Holtsville, New York 11742 (more particularly described as Suffolk County Tax Map No. 0200-891-00-03.00-020.000) (the "Land"), owned by the Town of Brookhaven (the "Town"), the construction of an approximately 1,428 kW DC solar carport array thereon (the "Improvements"), and the acquisition and installation of certain equipment and personal property therein including, but not limited to, approximately 3,570 400W solar modules, inverters, and electrical equipment (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 as a solar power generating facility, which is expected to produce approximately 1.79 million kW-hours of clean electrical energy per year for the benefit of the Town (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 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 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. Prior to the hearing, all persons will have the opportunity to review on the Agency's website (https://brookavenida.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: January 29, 2021
TOWN OF BROOKHAVEN INDUSTRIAL DEVELOPMENT AGENCY
By: Lisa MG Mulligan
Title: Chief Executive Officer

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