WEBVTT

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With me, just for the record, I will read the notice of public hearing.

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On behalf of itself and or the principles of.

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And or an entity formed, or to be formed on behalf of any other foregoing collectively, the company.

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Has applied to the agency to enter into a transaction.

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In which the agency will assist in the acquisition partial demolition.

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Historic rehabilitation and renovation of an existing 92.

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1052 square foot plus or minus.

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Vacant historic industrial building, and to a mixed use building with 62 units of market rate.

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Residents residential units and 21000 square foot.

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Of commercial space with onsite parking collectively the improvements.

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Situated on a point 9 0T plus or minus acre parcel of land located at 600 State Street city Oneida County, New York. The land.

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And the acquisition and installation of equipment in the improvements, the equipment.

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All for the adaptive reuse of the improvements to lease.

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To commercial, and or retail, and or residential tenants and furtherance of the downtown revitalization initiative.

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And the United accounting vision, 2020 initiative.

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And to enhance economic development, and retain employment in downtown Utica, the land, the improvements, and the equipment referred to.

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Collectively, as the facility, the facility will be initially leased operated and or managed by the company.

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The company owns the facility and will lease the facility to the agency and the agency will lease the facility back to the company. At the end of the lease term. The agency will terminate its least hold interest in the facility.

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The agency contemplates that that it will.

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Provide financial assistance to the company in the form of exemptions from.

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Sales and use taxes, exemptions for mortgage recording taxes.

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An abatement of real property taxes for a period of 12 years, which proposed.

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Financial assistance represents a deviation from the agency's uniform tax exemption policy.

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To be more particular described in a final authorizing resolution to be adopted by the agency.

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Prior to the closing of the transactions described here and.

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Because of the novel corona virus, covert, 19, emergency.

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And state and federal bands on large meetings, or gatherings and pursuant to.

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Governor is executive order 22.

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220.1 issued on March, 12, 2020, suspending the open meetings law.

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The public hearing will be held electronically via conference call instead of an.

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A public hearing open to for the public to attend.

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Members of the public may listen to the public hearing and comment on the.

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Uh, project and the benefits to be granted to the applicant by the agency during the public hearing.

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By calling 1, 4, 8 408.

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9, 3, 8, 8 access code 1321951815.

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Comments may be, may also be submitted to the agency in writing or electronically.

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Minutes of the public hearing will be transcribed and post it on the agency's website.

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A sorry, a copy of the application.

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For financial assistance file by the company with the agency, including an analysis of the costs and benefits of the proposed facility.

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Is available for public inspection at the agent offices of the agency 1, Kennedy plaza unit.

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And again, on the line, we have myself Jack space, executive director for the industrial development agency.

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Joke and Timothy Lynn, both with LLC.

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So, generally, I hold the, I keep the public hearing open for about 15 minutes and then I'll close it.

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Silence.

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Silence.

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Silence.

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Silence.

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Silence.

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Silence.

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There being no comments.

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To the project, I'm going to close the public hearing.

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Thank you. Thank you. Thank you Jack.

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Okay gentleman, do you have a great day and a.

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We were.