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NASSAU COUNTY INDUSTRIAL REVENUE BONDS AND LEASE AGREEMENTS
ANTECH DIAGNOSTICS
On the 16th day of August, 2002 the Agency entered into a lease agreement with Antech Diagnostics a corporation organized and existing under the laws of the State of California and qualified to do business in the State of New York. The project consists of the following: (a) the acquisition of a sub-leasehold interest in an approximately 40,000 square foot commercial building located at 1111 Marcus Avenue, Lake Success, in the Town of North Hempstead (b) the renovation and installation of interior leasehold improvements in the building, together with related improvements thereto and (c) the acquisition and installation of certain furniture, fixtures, machinery and equipment.
EBS NORTH HILLS, LLC
In December 2002, EBS North Hills, LLC (the Company), a limited liability company, organized and existing under the laws of the State of New York. Under the agreement tax-exempt bonds were issued in the aggregate amount of $34,000,000. The proceeds were used to finance the acquisition, construction, furnishing and equipping by the Agency of a qualified residential rental project on an approximately 4.22 acre parcel of land located on the South side of Powerhouse Road in the Village of North Hills. The proceeds were used for the construction of an approximately 130,000 square foot, four or five story building, together with related improvements located on the land, and the acquisition and installation of certain furniture, fixtures, machinery and equipment, all of the foregoing to constitute a commercial specialized senior citizen assisted living facility, comprised of approximately 150 units. In addition to receiving financial assistance from the agency in the form of bond financing, the Company also received financial assistance from the Agency in the form of full or partial exemptions from sales and use taxes, mortgage and recording taxes, real property transfer taxes, real property taxes and recording fees and charges.
LITTLE VILLAGE SCHOOL
In January 2002, the Little Village School, a not for profit organization, organized and existing under the laws of the State of New York. Under the agreement tax exempt bonds in an aggregate principal amount of $15,000,000 were issued to finance and refinance a portion of the cost of the acquisition and renovation of an existing one-story building of approximately 45,048 square feet and a related parcel of land located at 307 Hicksville Road in Massapequa. The proceeds were used for the acquisition and installation of a telephone system, a security system and computer equipment for the purpose of operating a school and day care program with related offices for education of children with disabilities in Nassau County.
PERFUME CENTER OF AMERICA, INC.
In March 2002, the Agency entered into a straight-lease agreement with Perfume Center of America, Inc. (the Company). The project consists of the acquisition of approximately a 72,900 square foot warehouse building on an approximately 3.5 acre parcel of land, improvements and renovations, and the acquisition and installation of machinery and equipment in connection to the facility for the distribution and warehousing of brand name perfumes and cosmetics throughout the Untied States and Canada. The Company also received financial assistance in the form of the following tax exemptions:
QSAC, INC.
QSAC, INC., a not-for-profit organization organized and existing under the laws of the State of New York has been issued tax exempt and Civic Facility Revenue Bonds (Special Needs Facilities Pooled Program), Series 2002 B-1 and Series 2002 B-2 in the aggregate amount of $705,000 in July 2002. A portion of the proceeds were used to finance or refinance all or a portion of the costs of the following project: the acquisition, renovation, improving, equipping and furnishing of an approximately 2,220 square foot residential facility on an approximately 3,920 square feet of land for seven adults with autism, located at 9 Beechhurst Avenue, Floral Park, NY.
KOCH REALTY LLP
In October 2002, Koch Realty LLP, a limited liability partnership duly organized and existing under the laws of the State of Delaware and authorized to do business in the State of New York entered into an agreement with the Agency. The project consisted of the following: (1) the acquisition of an interest in a parcel of land located at 22 Harbor Park Drive, Port Washington, in the Town of North Hempstead (2) the renovation of an existing 90,000 square foot building for use as an audio and video product distribution facility, including office and warehouse space incorporating state-of–the-art warehouse logistics and machinery, and related improvements located on the land, and (3) the acquisition and installation of certain furniture, fixtures, machinery and equipment, including state-of-the-art warehouse logistics and machinery, all of the foregoing provided a facility to permit the expansion of business operations in Nassau County.
TWEEZERMAN CORPORATION
Tweezerman Corporation, a corporation organized and existing under the laws of the State of New York, has entered into an agreement with the Agency in January 2003. The project consists of the following: (A) (1) the acquisition of an interest in an approximately 6.27 acre parcel of land located at Two Tri-Harbor Court, Port Washington, Town of North Hempstead, County of Nassau, New York, together with an approximately 65,000 square foot industrial/office building and related improvements located on the Land, and (2) the acquisition and installation of certain furniture, fixtures, machinery and equipment, all of the foregoing to constitute an industrial/office facility; (B) the granting of certain “financial assistance” (within the meaning of Section 854 (14) of the Act) with respect to the foregoing; and (C) the lease (with an obligation to purchase) or sale of Facility. The Project would be initially owned, operated and/or managed by the applicant.
KEYSPAN CORPORATION
In November 2003, KeySpan Corporation, a corporation organized and existing under the laws of the State of New York, has been issued tax-exempt revenue bonds presently estimated to be in the approximate aggregate principal amount of $53,275,000. The proceeds of which are to be used to finance the acquisition, construction, furnishing and equipping by the Agency of a facility consisting of (1) interest in an approximately 2.9 acre parcel of land located on Shore Road, Glenwood Landing, Town of Oyster Bay, Nassau County, NY, (2) the construction of three (3) building of approximately 1,700 square feet each, one (1) 5,000 square foot building and related improvements on the Land, and (3) the acquisition and installation of certain machinery and equipment, including, without limitation, two (2) General Electric LM-6000 single-cycle gas-fired combustion turbines, all of the foregoing to constitute a facility for the local furnishing of electricity.
BRYANT LANDING OF ROSLYN, LLC
Bryant Landing of Roslyn, LLC, a limited liability company organized and existing under the laws of the State of Delaware and qualified to do business in the State of New York, requested that the Agency provide financial assistance in the form of tax-exempt and/or taxable revenue bonds in the aggregate principal amount of $65,000,000. The proceeds were used to finance the acquisition, construction, furnishing and equipping by the Agency of an qualified residential rental project on an approximately 7 acre parcel of vacant land located at 1 Landing Road, in the Village of Roslyn, Town of North Hempstead, County of Nassau, New York (the “Land”), consisting of (1) the acquisition of an interest in the Land, (2) the construction of approximately 190,000 square foot, three-story building, together with related improvements located on the Land, and (3) the acquisition and installation of certain furniture, fixtures, machinery and equipment, all of the foregoing constitute a commercial senior living facility, comprised of approximately 165 units.
MONY AT LAKE SUCCESS, LLC
MONY at Lake Success, LLC, a limited liability company organized and existing under the laws of the State of New York, entered into a project with the Agency in February 2003. The project consists of the following: (A) (1) the acquisition of an interest in an approximately 6.62 acre parcel of land located at 1999 Marcus Avenue, in Lake Success, Town of North Hempstead, County of Nassau, New York, (2) the construction of a commercial office building consisting of approximately 90,000 square feet above ground and an additional 18,300 square feet of below grade storage and mechanical areas, together with related improvements located on the Land, and (3) the acquisition and installation of certain furniture, fixtures, machinery and equipment, all of the foregoing to constitute a commercial office building; (B) the granting of certain “financial assistance” (within the meaning of Section 854 (14) of the Act) with respect to the foregoing; and (C) the lease (with an obligation to purchase) or sale of the Facility.
HISPANIC COUNSELING CENTER, INC.
Hispanic Counseling Center, Inc., a not-for-profit corporation organized and existing under the laws of the State of New York, submitted an application (as amended) to the Agency, requesting that the Agency consider undertaking a project consisting of the following: (A) (1) the acquisition of an interest in a parcel of land located at 344 Fulton Avenue, Village of Hempstead, County of Nassau, New York (the “Land”), and (2) the renovation of an approximate 21,300 square foot building an related improvements located on the Land, all of the foregoing to constitute a facility providing counseling services and after school programs and classes, all on a not-for-profit basis (collectively, the “Facility”); (B) the financing of all or a potion of the costs of the foregoing by the issuance of taxable and /or tax-exempt revenue bonds of the Agency in one or more series presently estimated to be in the maximum aggregate principal amount of $2,775,000; (C) the granting of certain other “financial assistance” (within the meaning of Section 854 (14) of the Act) with respect to the foregoing, including potential exemptions from sales and use taxes, real estate taxes (but not including special assessments and ad valorem levies) and mortgage recording taxes (collectively with the Bonds, the “Financial Assistance”); and (D) the lease (with an obligation to purchase) or sale of the Facility to the Company of such other entity as may be designated by the Company and agreed upon by the Agency.
333 SOUTH SERVICE ROAD, LLC/ROADWAY INN
In August 2003, 333 South Service Rd. LLC, a limited liability company organized and existing under the laws of the State of New York entered into an agreement with the Agency. The project consists of the following: (A) (1) the acquisition of an interest in an approximately 0.90 acre parcel of land located at 333 South Service Road, in Plainview, Town of Oyster Bay, County of Nassau, New York, (2) the renovation of an eighty-four (84) room motel complex comprised of two (2) existing structures of 30,914 and 37,727 square feet, respectively, including, with out limitation, the construction of a central lobby complex, and related improvements located on the land, and (3) the acquisition and installation of certain furniture, fixtures, machinery and equipment, all of the foregoing to constitute a “business class” hotel facility providing service to the corporate sector in the immediate area and to residents of the Town of Oyster Bay, all at affordable rated (collectively, the “Facility”); (B) the granting of certain “financial assistance” (within the meaning of Section 843 (14) of the Act) with respect to the foregoing; and (C) the lease (with an obligation to purchase) or sale of the Facility.
BEN ELIAS INDUSTRIES, CORP.
In February 12, 2004, 100 Inip Drive Associated, LLC a limited liability company organized and existing under the laws of the State of New York entered into an agreement with the Agency. The project consists of the following (A) (1) the acquisition of an interest in three parcels of land located at 40 Inip Drive, 71 Inip Drive and 100 Inip Drive, in each case located in Inwood, in the Town of Hempstead, County of Nassau, New York, (2) the renovation of existing buildings, and related improvements, located on the Land, and (3) the acquisition and installation therein and thereon of certain furniture, fixtures machinery and equipment, all of the foregoing for use by Ben Elias as its corporate headquarters and as a warehouse and shipping center for garments; (B) the granting of certain “financial assistance” (within the meaning of Section 854 (14) of the Act) with respect to the foregoing, including potential exemption or partial exemptions from sales and use taxes, mortgage recording taxes, real property taxes, real property transfer taxes and recording fees and charges; and (C) the lease (with and obligation to purchase) or sale of the three parcels and sublease the Facility by such Applicants to Ben Elias.
KISS/57 SEAVIEW
In October 28, 2004, 57 Seaview Realty Assoc, LLC a limited liability company organized and existing under the laws of the State of New York entered into an agreement with the Agency. The project consists of the following, 2 Harbor Park Realty Associates, L.L.C., Kiss Nail Products, Inc., J.C. Solution, Inc., consisting of the following: (A) (1) the acquisition of an interest in an approximately 4.73 acre parcel of land located at 57 Seaview Boulevard, Port Washington, Town of North Hempstead, County of Nassau, New York (the “Land”), together with an approximately 107,200 square foot building thereon containing space for use in connection with manufacturing, assembly and packaging, filling, showroom, laboratory and office purposes and related improvements located on the Land, (2) the renovation of the existing building to accommodate expansion of the storage rack system, sprinkler and HVAC system, and (3) the acquisition and installation therein and thereon of certain furniture, fixtures, machinery, manufacturing and assembling machinery and office and lab testing equipment and forklifts (the “Equipment”), all of the foregoing to constitute a facility for use in connection with the manufacturing and distribution of artificial fingernails and related cosmetic products.
HEMPSTEAD PROPERTIES
The project consists of the following Hempstead Properties LLC (the “Company”) consisting of the following: (A) (1) the acquisition of an interest in an approximately 2.36 acre parcel of land located at 80 Clinton Street, Village of Hempstead, Town of Hempstead, County of Nassau, New York (the “Land”), (2) the renovation and expansion of an existing approximately 110,000 square foot hotel building and the conversion thereof from hotel and ballroom space to residential and retail space, together with related improvements located on the Land, and (3) the acquisition and installation therein and thereon of certain furniture, fixtures, machinery and equipment (the “Equipment”), all of the foregoing to constitute a residential housing facility for persons aged 55 and older, comprised of approximately 105 affordable housing units, together with associated retail space and parking areas (collectively, the “Facility”); (B) the financing of all or a portion of the costs of the foregoing by the issuance of tax-exempt and/or taxable revenue bonds of the Agency in one or more series (the “Bonds”); (C) the granting of certain “financial assistance” (within the meaning of Section 854(14) of the General Municipal Law) with respect to the foregoing, including potential exemptions or partial exemptions from sales and use taxes, mortgage recording taxes, real property taxes, real property transfer taxes and recording fees and charges; and (D) the lease (with an obligation to purchase) or sale of the Facility to the Company or such other entity as may be designated by the Company and agreed upon by the Agency.
Alliance Group – 1/24/05
In 2005, Alliance of Long Island, a not for profit corporation entered into an agreement with the agency for the applicant Community Services for the Mentally Retarded. The agreement includes the Agency to provide in the form of tax exempt civic facility revenue bonds an amount that approximates $2,700,000 but not to exceed $3,240,000. The agreement provides for (a) financing/refinancing of all or a portion of the costs of the renovation of an existing building of approximately 52,656 square feet located at 115 East Bethpage Road, Plainview to be used as administrative offices. (b) to provide the financing/refinancing of all or a portion of the costs of (i) the renovation of an existing building of approximately 34,073 square feet used as administrative offices (ii) new parking lot improvements and related site work, and (iii) window replacements for an existing building of approximately 26,253 square feet used to provide educational services for pre-school and school age children with handicapped conditions, all located on approximately 18.11 acres of land at 189 Wheatley Road.
Paint Applicator – 3/04/05
On August 12, 2004, Paint Applicator Corporation of America, a corporation incorporated and existing under the laws of the State of New York (the Applicant), presented an application for financial assistance (the Application) to the Agency, which Application requested that the Agency consider undertaking a project (the Project) consisting of the following: (A) (1) the acquisition of an interest in an approximately 6.2 acre parcel of land located at 7 Harbor Park Drive, Port Washington, Town of North Hempstead, County of Nassau, New York (Section: 6; Block: 86: Lots: 2A & 2B) (the Land), (2) the renovation of an approximately 91,250 square foot manufacturing/warehouse/office building located thereon (the Building) and related improvements on the Land, and (3) the acquisition and installation therein and thereon of certain furniture, fixtures, machinery and equipment (the Equipment), all of the foregoing to constitute a commercial facility for use by the Applicant as its corporate headquarters and as a warehouse/distribution center (collectively, the Project Facility); (B) the granting of certain other financial assistance@ (within the meaning of Section 854(14) of the Act) with respect to the foregoing, including potential exemptions or partial exemptions from sales and use taxes, mortgage recording taxes, and real property taxes (but not including special assessments and ad valorem levies); and (C) the lease (with an obligation to purchase) or sale of the Project Facility to the Applicant or such other entity as may be designated by the Applicant and agreed upon by the Agency. The Project Facility would be initially owned, operated and/or managed by the Applicant or such other entity as may be designated by the Applicant and agreed upon by the Agency.
P&L Developments – 4/21/05
On March 9, 2005, PL Development, Inc., a corporation incorporated and existing under the laws of or duly qualified to do business as a foreign corporation in the State of New York (the “Applicant”), presented an application for financial assistance (the “Application”) to the Agency, which Application requested that the Agency consider undertaking a project (the “Project”) consisting of the following: (A) (1) the acquisition of an interest in a leasehold interest in approximately 136,296 square feet of the building located at 275 Grand Boulevard and 200 Hicks Street, Westbury, Town of North Hempstead, Nassau County, New York (the “Premises”), (2) the renovation of the Premises, and (3) the acquisition and installation therein and thereon of certain furniture, fixtures, machinery and equipment (the “Equipment”), all of the foregoing to constitute an office/packaging/distribution facility for use by the Applicant in the pharmaceutical industry (collectively, the “Project Facility”); (B) the granting of certain “financial assistance” (within the meaning of Section 854(14) of the Act) with respect to the foregoing, including potential exemptions or partial exemptions from sales and use taxes and real property taxes (but not including special assessments and ad valorem levies) (collectively, the “Financial Assistance”); (C) the lease (with an obligation to purchase), license or sale of the Agency’s interest in the Project Facility to the Applicant or such other entity(ies) as may be designated by the Applicant and agreed upon by the Agency; and (D) the guaranty by Mitch Singer of the obligations of the Applicant in connection with the Project.
Community Serv. Mentally Retarded – 5/16/05
Alliance 2005
1. On April 6, 2005 the Applicant, COMMUNITY SERVICES FOR THE MENTALLY RETARDED, INC., requested financial assistance to be provided in the form of tax-exempt civic facility revenue bonds presently estimated to be in the approximate aggregate principal amount of $2,700,000, but not to exceed $3,240,000, and taxable civic facility revenue bonds presently estimated to be in the approximate aggregate principal amount of $95,000, but not to exceed $142,500:
a. to provide for financing and/or refinancing of all or a portion of the costs of the renovation of an existing building of approximately 52,656 square feet located on approximately 3.02 acres of land located at 115 East Bethpage Road, Plainview, New York (Town of Oyster Bay), to be used as administrative offices (“Project A-1”);
b. to provide for the financing and/or refinancing of all or a portion of the costs of (i) the renovation of an existing building of approximately 34,073 square feet used as administrative offices; (ii) new parking lot improvements and related site work, and (iii) window replacements for an existing building of approximately 26,253 square feet used to provide educational services for pre-school and school age children with handicapping conditions, all located on approximately 18.11 acres of land located at 189 Wheatley Road, Brookville, Town of Oyster Bay, New York (Village of Brookville) (“Project A-2”);
Peoples Choice – 5/19/05
On December 6, 2004, C&D Enterprises, LLC, a limited liability company organized and existing under the laws of the State of New York (“C&D”), and Peoples Choice Surgical Supplies Inc., a corporation organized and existing under the laws of the State of New York (“Peoples Choice” and together with C&D, the “Applicants”), have requested that the Agency provide financial assistance for the Applicants in the form of, among other things, taxable revenue bonds presently estimated to be in the approximate aggregate principal amount of $3,585,000 but not to exceed $4,000,000 (the “Bonds”), the proceeds of which would be used to finance a portion of the costs of the acquisition, construction, renovation, installation and equipping by the Agency of a project (the “Project”) consisting of: (1) the acquisition of an interest in an approximately .512 acre parcel of land located at 389 Peninsula Boulevard, Village of Hempstead, Town of Hempstead, County of Nassau, New York (the “New Property”) and an approximately 0.5 acre parcel of land located at 67 Whitson Street, Village of Hempstead, Town of Hempstead, County of Nassau, New York (the “Existing Property,” and together with the New Property, the “Properties”), together with the buildings and other improvements thereon, (2) the renovation of an approximately 7,200 square foot building on the Existing Property and the renovation of an approximately 10,000 square foot office/warehouse building, including the construction of an approximately 10,000 square foot addition thereto, together with related improvements, located on the New Property (collectively, the “Building”), and (3) the acquisition and installation therein and thereon of certain furniture, fixtures, machinery and equipment (the “Equipment”), all of the foregoing to constitute a warehouse/distribution facility with associated retail space (collectively, the “Project Facility”).
Established in 1996. They are one of the nations leading distributors of high quality home medical equipment and surgical supplies. They have out grown existing location and wish to expand for New Business (drugs & oxygen). The building will house staff, new retail store, new drug store & oxygen supply and warehouse for DME products. They also need to acquire drug products, clothing, new office equipment and new vans.
Neptune – 7/15/05
On June 22, 2005 Neptune Regional Transmission System, LLC, a limited liability company organized and existing under the laws of the State of Delaware and duly qualified to do business as a foreign limited liability company in the State of New York (the “Applicant”), presented an application for financial assistance (the “Application”) to the Agency, which Application requested that the Agency consider undertaking a project (the “Project”) consisting of the following: (A) (1) the acquisition of an interest in an approximately 11.35 acre parcel of land owned by the State of New York or an agency thereof located at 508 Duffy Avenue, Hicksville, Town of North Hempstead, County of Nassau, New York (the “Land”), (2) the construction of a converter station consisting of three (3) buildings containing in the aggregate approximately 27,750 square feet, together with related improvements, all located on the Land, (3) the acquisition of an interest in easements over land (including underwater lands) of others for cable for the transmission of electricity (such easements, together with the Land, the “Real Property”), (4) the acquisition and installation in and on the Real Property of certain furniture, fixtures, machinery and equipment, and the acquisition and installation of cable for the transmission of electricity (collectively, the “Equipment”), all of the foregoing to constitute the Nassau County, New York portion of a facility for the transmission of high voltage direct current electricity between New Jersey and Nassau County, New York, a facility for the conversion of such electricity to alternating current and a cable connecting such facility to the Newbridge Road substation of the Long Island Power Authority (collectively, the “Facility”); (B) the granting of certain “financial assistance” (within the meaning of Section 854(14) of the Act) with respect to the foregoing; and (C) the lease (with an obligation to purchase), license or sale of the Facility to the Applicant or such other entity as may be designated by the Applicant and agreed upon by the Agency.
Roslyn Gatehouse – 8/08/05
On November 18, 2004, Roslyn Gatehouse, LLC, a limited liability company
organized and existing under the laws of the State of New York (the “Applicant”), presented an application for financial assistance (the “Application”) to the Agency, which Application requested that the Agency consider undertaking a project (the “Project”) consisting of the following: (A) (1) the acquisition of an interest in an approximately 7,500 square foot parcel of land located at 14-17 Skillman Street, Roslyn, Town of North Hempstead, County of Nassau, New York (Section: 20; Block: A: Lot: 127) (the “Land”), (2) the construction of an approximately 4,668 square office building thereon (the “Building”) and related improvements on the Land, and (3) the acquisition and installation therein and thereon of certain furniture, fixtures, machinery and equipment (the “Equipment”), all of the foregoing to constitute a commercial facility for use by the Applicant as its corporate headquarters (collectively, the “Project Facility”); (B) the granting of certain other “financial assistance” (within the meaning of Section 854(14) of the Act) with respect to the foregoing, including potential exemptions or partial exemptions from sales and use taxes, mortgage recording taxes, and real property taxes (but not including special assessments and ad valorem levies) (collectively, the “Financial Assistance”); and (C) the lease (with an obligation to purchase) or sale of the Project Facility to the Applicant or such other entity as may be designated by the Applicant and agreed upon by the Agency.
Avanti – 11/21/05
On September 22, 2005 Alexander Infusion, LLC (d/b/a Avanti Health Care Services), a limited liability company organized and existing under the laws of the State of New York (“Avanti”) and New Hyde Realty Group LLC, a limited liability company organized and existing under the laws of the State of New York (“NHRG” and together with Avanti, collectively, the “Applicants”), presented an application for financial assistance (the “Application”) to the Agency, which Application requested that the Agency consider undertaking a project (the “Project”) consisting of the following: (A) (1) the acquisition of an interest in an approximately 1.01 acre parcel of property located at 75 Nassau Terminal Road, New Hyde Park, Town of North Hempstead, County of Nassau, New York (the “Land”), (2) the renovation of an existing approximately 17,000 square foot building on the Land and the construction of an approximately 8,000 square foot addition thereto (collectively, the “Building”), together with related improvements to the Land, and (3) the acquisition and installation therein and thereon of certain furniture, fixtures, machinery and equipment (the “Equipment”), all of the foregoing to constitute a pharmaceutical manufacturing, distribution and office facility (collectively, the “Project Facility”); (B) the financing of all or a portion of the costs of the foregoing by the issuance of tax-exempt and/or taxable revenue bonds of the Agency in one or more series presently estimated to be in the approximate aggregate principal amount of $4,685,000 but not to exceed $5,200,000 (the “Bonds”); (C) the granting of certain other “financial assistance” (within the meaning of Section 854(14) of the Act) with respect to the foregoing; (D) the lease (with an obligation to purchase) or sale of the Project Facility to NHRG or such other entity as may be designated by the Applicants and agreed upon by the Agency; and (E) the sublease of the Project Facility by NHRG or such entity to Avanti or such other entity as may be designated by the Applicants and agreed upon by the Agency.
NY Water – 12/20/05
On November 1, 2005 New York Water Service Corporation, a corporation organized and existing under the laws of the State of New York (the “Applicant”), presented an application (the “Application”) to the Agency, which Application requested that the Agency consider undertaking a project (the “Project”) consisting of the following: (A) (1) the acquisition of an interest in an approximately 76,000 square foot parcel of property on Jerusalem Avenue, Wantagh, Town of Hempstead, County of Nassau, New York (the “Jerusalem Avenue Property”), and an approximately 64,000 square foot parcel of property on Newbridge Road, North Bellmore, Town of Hempstead, County of Nassau, New York (the “Newbridge Road Property,” and together with the Jerusalem Avenue Property, collectively, the “Land”), (2) the construction of an approximately 2,400 square foot water treatment facility on the Jerusalem Avenue Property (the “Jerusalem Avenue Facility”), (3) the improvement of an existing water treatment facility on the Newbridge Road Property (the “Newbridge Road Facility” and together with the Jerusalem Avenue Facility, collectively, the “Buildings”), together with related improvements to the Land, and (4) the acquisition of certain furniture, fixtures, machinery and equipment (the “Equipment”), all of the foregoing to constitute water treatment facilities (collectively, the “Project Facility”); (B) the financing of all or a portion of the costs of the foregoing, including the refinancing of existing indebtedness with respect thereto, by the issuance of tax-exempt and/or taxable revenue bonds of the Agency in one or more series presently estimated to be in the approximate aggregate principal amount of $12,590,000 but not to exceed $13,500,000 (the “Bonds”); (C) the granting of certain “financial assistance” (within the meaning of Section 854(14) of the Act) with respect to the foregoing; and (D) the lease (with an obligation to purchase) or sale of the Project Facility to the Applicant or such other entity as may be designated by the Applicant and agreed upon by the Agency.
MILL RIVER – 12/21/05
On November 1, 2005 Mill River Residences, L.P., a limited partnership organized and existing under the laws of the State of New York (the “Applicant”), presented an application for financial assistance (the “Application”) to the Agency, which Application requested that the Agency consider undertaking a project (the “Project”) consisting of the following: (A) (1) the acquisition of an interest in (a) a parcel of land located at 40 Maine Avenue, Village of Rockville Centre, Town of Hempstead, County of Nassau, New York (the "Maine Parcel"), and (b) a parcel of land located at 1-20 Meehan Lane, Village of Rockville Centre, Town of Hempstead, County of Nassau, New York (the "Meehan Parcel and together with the Maine Parcel, collectively, the "Land"), (2) the renovation of the existing apartment building on the Maine Parcel and the four (4) existing garden apartment buildings on the Meehan Parcel (collectively, the "Building"), together with related improvements to the Land, and (3) the acquisition and installation therein and thereon of certain furniture, fixtures, machinery and equipment (the "Equipment"), all of the foregoing to constitute a housing complex comprised of approximately 175 affordable housing units, together with associated parking areas (collectively, the "Project Facility"); (B) the financing of all or a portion of the costs of the foregoing by the issuance of tax-exempt and/or taxable revenue bonds of the Agency in one or more series presently estimated to be in the approximate aggregate principal amount of $14,000,000 but not to exceed $16,000,000 (the "Bonds");
Nassau County IDA
1100 Franklin Ave/Suite 300
Garden City, NY 11530
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