yaphank avr boulevard chelsea llc NOTICE OF PUBLIC HEARING

06/07/19

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 19th day of June, 2019, at 10:00 a.m. local time, at the Town of Brookhaven, Offices of Economic Development, One Independence Hill, 2nd Floor,Farmingville, New York 11738, in connection with the following matters:

The Agency previously provided assistance to Yaphank AVR Boulevard Chelsea LLC, a limited liability company organized and existing under the laws of the State of New York (the “Company”), in (i) the acquisition of an approximately 3.33 acre parcel of land located at the southwest corner of The Boulevard West and Park Drive, Yaphank, Town of Brookhaven, New York (more particularly described as SCTM# 0200-583.00-02.00-003.002) (the “Land”), (ii) the construction of two (2) buildings, totaling approximately 99,492 square feet, together with the acquisition, installation and equipping of improvements, structures and other related facilities attached to the Land (the “Improvements”), and (iii) the acquisition and installation therein of certain equipment and personal property, including but not limited to furniture, office equipment, computers and kitchen equipment (the “Equipment”; and together with the Land and the Improvements, the “Facility”), which Facility will be leased by the Agency to the Company, and used by the Company as an assisted living facility consisting of a special needs unit with seventy-seven (77) beds and a supportive care unit with forty-one (41) beds (the “Project”). The Facility will be initially owned, operated and/or managed by the Company.

The Company has notified the Agency that it will require an extension of time to complete the Facility and in connection with such extension, the Company will need sales tax exemptions.

The Agency contemplates that it will provide financial assistance to the Company in the form of continued and extended exemptions from sales and use taxes in connection with the construction and equipping of the Facility 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 extension of completion of the Facility.

Dated: June 7, 2019

TOWN OF BROOKHAVEN INDUSTRIAL

DEVELOPMENT AGENCY

By: Lisa MG Mulligan

Title: Chief Executive Officer

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