Notice of Public Hearing - Orbit Bloom Energy, LLC - (Meeting will be Livestreamed)

12/27/19

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 7th day of January, 2020, at 10:30 a.m. local time, at Town of Brookhaven Town Hall, 1 Independence Hill, Farmingville, New York 11738, in connection with the following matters:

Orbit Bloom Energy, LLC, a Delaware limited liability company, on behalf of itself and/or the principals of Orbit Bloom Energy, 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 ground leasehold interest in an approximately 1.5 acre portion of land located at 3601 Horseblock Road, Medford, New York 11763 (more particularly described as Suffolk County Tax Map No. 0200-738.00-02.00- 003.001) (the “Land”), and the construction of an approximately 5,000 square foot, 6.0 MW fuel cell power plant thereon (the “Improvements”), and the acquisition and installation of certain equipment and personal property (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 supply clean energy to the residents of the Town of Brookhaven (collectively, the “Project”). The Facility will be initially owned, operated and/or managed by the Company.

The Agency will acquire a sublease hold 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 exemption or 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: December 28, 2019

TOWN OF BROOKHAVEN INDUSTRIAL DEVELOPMENT AGENCY
By: Lisa MG Mulligan
Title: Chief Executive Officer

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