News & Events

Notice of public hearing t. mina

10/29/19

NOTICE IS HEREBY GIVEN that a public hearing pursuant to Title 1 of 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 4th day of November, 2019, at 10:30 a.m., local time, at Town of Brookhaven Division of Economic Development, 1 Independence Hill, Second Floor, Farmingville, New York 11738, in connection with the following matters:

The Agency previously assisted 924 OLD MEDFORD LLC, a limited liability company, duly organized and validly existing under the laws of the State of New York (the “Company”) and T. MINA SUPPLY, INC., a business corporation duly organized and validly existing under the laws of the State of New York (the “Sublessee”), in (i) the acquisition of an approximately 4.27 acre parcel of land (the “Land”), the acquisition and construction of a 14,000 square foot building and other improvements thereon (the “Improvements”), and the acquisition and installation therein of certain equipment not part of the Equipment (as defined herein) (the “Facility Equipment”), located at 924 Old Medford Avenue, Medford, Town of Brookhaven, Suffolk County, New York (and further identified as Tax Map No. 200-697-1-14.1 (formerly, Tax Map. No. 200-697-1-12, 13 and 14)) (collectively, the Land, Improvements and Facility Equipment may be referred to as the “Company Facility”), to be leased by the Agency to the Company, and subleased by the Company to Sublessee, and (ii) the acquisition of certain equipment and personal property (the “Equipment,” together with the Company Facility, the “Facility”) to be leased by the Agency to the Sublessee, and which Facility is to be used by the Sublessee for the distribution of water and sewer piping products and fire hydrants (the “Project”);

In connection therewith, the Agency has acquired a leasehold interest in the Land and Improvements and title to the Facility Equipment pursuant to a certain Company Lease Agreement, dated as of December 1, 2017, as amended (the “Company Lease”), and the Company has leased the Company Facility from the Agency and agreed to make certain payments-in-lieu-of-taxes on the Company Facility, pursuant to a certain Lease and Project Agreement, dated as of December 1, 2017, as amended (the “Lease Agreement”).

The Company has requested that the Agency extend the Company’s time under the Lease Agreement to obtain a mortgage loan for costs of the acquisition, construction and equipping of the Company Facility, and thereby qualify for certain exemptions of real property taxes.

The Agency contemplates that it will continue to provide financial assistance to the Company in the form of exemptions from sales and use taxes in connection with the acquisition, construction, and equipping of the Facility and exemption 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 and the Sublessee 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 and the Sublessee with the Agency and an analysis of the costs and benefits of the proposed Facility.

Dated: October 24, 2019

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

< Back To All Posts

Contact Us

  • One Independence Hill
    Farmingville, New York 11738

  • Tel: 631-451-6563
    Fax: 631-451-6925

  • Brookhaven IDA

  • www.brookhavenida.org