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Notice of Public hearing - South Setauket ILU



Cost Benefit Analysis



NOTICE IS HEREBY GIVEN 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 by Executive Order 202.14, issued on April 7, 2020, suspending the Open Meetings Law, and Executive Order 202.15 issued on April 9, 2020, as extended by Executive Order 202.28 issued on May 7, 2020 permitting local governments to hold public hearings by telephone and video conference and/or similar device, the Public Hearing scheduled for June 17, 2020, at 10:00 a.m., local time, to be 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) 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:

South Setauket ILU, 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 of South Setauket ILU, LLC (the “Company”) has submitted its application, for financial assistance (the “Application”) to the Agency to enter into a transaction in which the Agency will assist the Company in the acquisition of a leasehold interest from Active Retirement Community, Inc., d/b/a Jefferson’s Ferry, a New York not-for-profit corporation (the “Institution”), of a portion of the Land (defined below) and 248 existing independent living units and the associated common areas (the “Existing Independent Living Units”) consisting of 220 apartments and 28 cottages located in approximately 365,417 square feet of existing buildings located on the Land and approximately 73 new independent living unit apartments and the associated common areas (when completed) to be constructed and located in approximately 113,664 square feet of new buildings and additions to existing buildings located on the Land (the “New Independent Living Units” and together with the Existing Independent Living Units, collectively, the “Independent Living Units”) located on a portion of an approximately 50.0 acre parcel of land (fronting on State Route 47 (Nesconset Highway) and Wireless Road in the Town of Brookhaven, New York, and having an address of One Jefferson Ferry Drive, South Setauket, New York (Tax Map Number 0200-308.00-03.00-001.004) (the “Land”). A portion of the Land together with the Independent Living Units (collectively, the “Facility”), will be leased by the Institution to the Company and the Facility will be subleased by the Company to the Agency, and sub-subleased by the Agency back to the Company to be used as a part of a continuing care retirement community pursuant to Article 46 of the New York Public Health Law (the “Project”) which is owned and/or operated by the Institution.

The Agency will acquire a subleasehold interest in the Facility and will sub-sublease and the Facility to the Company. The Agency contemplates that it will provide financial assistance to the Company in the form of abatement of real property taxes on the Facility, all consistent with the policies of the Agency.

A representative of the Agency will at the above-stated time and place hear and accept written or oral 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. Written comments may be sent to the Agency at the following address: Town of Brookhaven Industrial Development Agency, Brookhaven Town Hall, One Independence Hill, 2nd Floor, Farmingville, New York 11738, Attention: Chief Executive Officer or electronically to the following email address: Prior to the hearing, all persons will have the opportunity to review on the Agency’s website (, the application for financial assistance filed by the Company with the Agency and an analysis of the costs and benefits of the Facility.

Dated: June 5, 2020


By: Lisa MG Mulligan

Title: Chief Executive Officer

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