Notice of Public Hearing - Scalamander Cove

02/15/24

Application
CBA
Cover Letter
Assessment Report

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 27th day of February, 2024, at 10:00 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:

Scalamander Cove 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 and/or equity investors of Scalamander Cove 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 for assistance in connection with the acquisition of an approximately 15.50 acre parcel of land located at the north side of Middle Country Road, Middle Island, Town of Brookhaven, New York (SCTM 0200-378.00- 01.00-008.000, 012.004 & 013.000) (the "Land"), the demolition of two (2) existing vacant buildings located thereon, and the construction thereon of a ninety-six (96) unit townhome community comprised of eight (8) buildings, totaling approximately 116,000 square feet (the "Improvements"), and 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 will be leased by the Company to the Agency and subleased by the Agency back to the Company and will used by the Company as a rental townhome complex containing approximately twenty-four (24) one-bedroom units and seventy-two (72) two-bedroom units, of which ten percent (10%) of the units will be designated as affordable housing and ten percent (10%) of the units will be designated as workforce housing, including an approximately 2,000 square foot recreation building, an approximately one hundred sixty-nine (169) stall parking area, a swimming pool, community garden, fitness trails and other amenities (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 the Improvements and title to the Equipment from the Company and the Agency will 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 demolition, construction and equipping of the Facility and abatement of real property taxes 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.

Dated: February 17, 2024 
TOWN OF BROOKHAVEN INDUSTRIAL DEVELOPMENT AGENCY
By: Lisa MG Mulligan
Title: Chief Executive Officer

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