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The following Bonds and Lease Agreements Closed in 2007:
Meyer Farms
Stella Meyer and Peter Meyer III (collectively, 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) the acquisition of an interest in an approximately 8.5 acre parcel of land located at 131 Piquet Lane, Woodbury, Town of Oyster Bay, Nassau County, New York (the “Land”), together with the buildings and other improvements thereon, all of the foregoing to constitute a farm (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; and (C) the lease (with an obligation to purchase), license or sale of the Project Facility to the Applicant or such entity(ies) as may be designated by the Applicant and agreed upon by the Agency. The Project would be initially owned, operated and/or managed by the Applicant or such entity(ies) as may be designated by the Applicant and agreed upon by the Agency (the Applicant or such entity(ies), the “Company”). The Company would receive financial assistance from the Agency in the form of potential exemptions or partial exemptions from real property taxes (but not including special assessments and ad valorem levies) (collectively, the “Financial Assistance”).
Arizona Iced Tea/Hornell Brewing
Hornell Brewing Co., Inc., 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 3 acre parcel of land located at 60 Crossways Park Drive, Woodbury, Town of Oyster Bay, County of Nassau, New York (collectively, the “Land”), (2) the construction of an approximately 100,000 square foot office building on the Land (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 for use by the Applicant as its corporate headquarters (collectively, the “Project Facility”); (B) the financing of all or a portion of the costs of the foregoing by the issuance of taxable revenue bonds of the Agency in one or more series presently estimated to be in the approximate aggregate principal amount of $25,000,000 but not to exceed $27,500,000 (the “Bonds”); (C) the granting of certain “financial assistance” (within the meaning of Section 854(14) of the Act) with respect to the foregoing; (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; and (E) the sublease 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 (the Applicant or such other entity, the “Company”). In addition to the issuance of the Bonds, the Company would receive financial assistance from the Agency in the form of 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) (together with the issuance of the Bonds, collectively, the “Financial Assistance”).
Bostwick Labs
Bostwick Laboratories, Inc., a corporation incorporated and existing under the laws of the State of Nevada (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 parcel of land located at 100 Charles Lindbergh Boulevard, Uniondale, Town of Hempstead, Nassau County, New York (the “Land”), (2) the renovation of an approximately 70,000 square foot building located on the Land, 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 biotechnology laboratory for use by the Applicant for the diagnosis and treatment of prostate cancer and other urologic conditions (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; and (C) the lease (with an obligation to purchase), license or sale of the Project Facility to the Applicant or such other entity(ies) as may be designated by the Applicant and agreed upon by the Agency. The Project 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 (the Applicant or such other entity, the “Company”). The Company would receive financial assistance from the Agency in the form of 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”).
Administrators for the Professions, Inc.
Administrators for the Professions, Inc., 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 77,000 square foot building commonly known as 1800 Northern Boulevard, Village of Roslyn, Town of North Hempstead, Nassau County, New York (the "Building"), (2) the interior and exterior renovation of 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 facility for office use by the Applicant in the insurance 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; and (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(s) as may be designated by the Applicant and agreed upon by the Agency. The Project would be initially owned, operated and/or managed by the Applicant or such other entities as may be designated by the Applicant and agreed upon by the Agency (the Applicant or such other entities, the "Company") The Company would receive financial assistance from the Agency in the form of 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").
Lunar Module Park
Lunar Module Park, LLC, a limited liability company 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 29 acre parcel of land located at 500 Grumman Road West, Bethpage, Town of Oyster Bay, County of Nassau, New York (collectively, the “Land”), (2) the renovation of an approximately 660,000 square foot building on the Land (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” and together with the Land and the Building, collectively, the “Project Facility”); (B) the financing and/or refinancing of all or a portion of the costs of the foregoing by the issuance of taxable revenue bonds of the Agency in one or more series presently estimated to be in the approximate aggregate principal amount of $38,000,000 but not to exceed $42,000,000 (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, 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) (together with the Bonds, collectively, the “Financial Assistance”); (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; and (E) the sublease of the Project Facility to the Applicant or such other entity(ies) 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 (the Applicant or such other entity, the “Company”).
Johnson & Hoffman, LLC
Johnson & Hoffman, LLC, a limited liability company organized and existing under the laws of the State of New York (“J&H”), and Manley Holdings, Inc., a corporation incorporated and existing under the laws of the State of New York (“Manley” and together with J&H, 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 4.05 acre parcel of land located at 40 Voice Road, Carle Place, Town of North Hempstead, County of Nassau, New York (the “Land”), (2) the renovation of an approximately 60,000 square foot industrial building located on the Land (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 facility for the manufacturing, warehousing and distribution of precision metal stampings and metal fittings (collectively, the “Project Facility”); (B) the financing of all or a portion of the cost 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 $6,500,000 but not to exceed $7,000,000 (collectively, 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 Manley 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 J&H or such other entity as may be designated by the Applicants and agreed upon by the Agency. The Project Facility would be initially owned, operated and/or managed by the Applicants or such other entity as may be designated by the Applicants and agreed upon by the Agency (the Applicants or such other entity, the “Company”).
The NPD Group Inc.
The NPD Group Inc., 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 7.74 acre parcel of land located at 900 West Shore Road, Port Washington, Town of North Hempstead, County of Nassau, New York (collectively, the “Land”), (2) the construction of an approximately 25,000 square foot addition to an existing approximately 92,000 square foot office building on the Land (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 for use by the Applicant as its corporate headquarters (collectively, the “Project Facility”); (B) the financing and/or refinancing of all or a portion of the costs of the foregoing by the issuance of taxable revenue bonds of the Agency in one or more series presently estimated to be in the approximate aggregate principal amount of $7,700,000 but not to exceed $8,700,000 (the “Bonds”); (C) the granting of certain “financial assistance” (within the meaning of Section 854(14) of the Act) with respect to the foregoing; (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; and (E) the sublease 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 (the Applicant or such other entity, the “Company”). In addition to the issuance of the Bonds, the Company would receive financial assistance from the Agency in the form of 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) (together with the issuance of the Bonds, collectively, the “Financial Assistance”).
Rockville Centre Housing Associates
Rockville Centre Housing Associates, LP, 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 parcel of land located at 160 North Centre Avenue, Village of Rockville Centre, Town of Hempstead, County of Nassau, New York (the "Land"), (2) the renovation and redevelopment of the multifamily housing structures located on the Land (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 153 affordable low and moderate income rental housing units, together with associated superintendent's and security officer's units and 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 $16,000,000 but not to exceed $18,000,000 (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, 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) (together with the Bonds, collectively, the "Financial Assistance"); 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. 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.
Sleepy’s
Sleepy’s, Inc., 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 18.88 acre parcel of land located at 1000 Oyster Bay Road including certain adjoining property, all located in Hicksville, Town of Oyster Bay, County of Nassau, New York (collectively, the “Land”), (2) the renovation of the existing buildings and improvements on the Land and the construction of a new approximately 380,000 square foot warehouse and office building on the Land (collectively, the “Building”), and (3) the acquisition and installation therein and thereon of certain furniture, fixtures, machinery and equipment (the “Equipment”), all for use by the Applicant as its corporate headquarters and regional distribution center (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; (C) the lease (with an obligation to purchase) or sale of the Project Facility to the Applicant or such other entity(s) as may be designated by the Applicant and agreed upon by the Agency; and (D) the sublease of the Project Facility to the Applicant or such other entity(s) 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 (the Applicant or such other entity, the “Company”).The Company would receive financial assistance from the Agency in the form of 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”).
Lufthansa
Deutsche Lufthansa AG, a corporation incorporated and existing under the laws of the Republic of Germany and qualified to do business in the State of New York as a foreign corporation (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 4.1 acre parcel of land located at 1640 Hempstead Turnpike, East Meadow, Town of Hempstead, Nassau County, New York (the "Land"), (2) the renovation of an approximately 90,000 square foot building located on the Land, 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 an office facility for use as the Applicant's administrative headquarters (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; and (C) the lease (with an obligation to purchase), license or sale of the Project Facility to the Applicant or such other entity(ies) 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.
Amsterdam House Continuing Care Retirement Community, Inc
Amsterdam House Continuing Care Retirement Community, Inc., a not-for-profit 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 8.9 acre parcel of land located at 300 East Overlook, Port Washington, Town of North Hempstead, County of Nassau, New York (the "Land"), (2) the construction of an approximately 600,000 square foot, six-story building on the Land (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 continuing care retirement community for the benefit of eligible senior citizens, comprised of approximately 226 independent living units and a healthcare center consisting of 32 enriched housing units, 18 special needs assisted living units and 56 skilled nursing beds, together with associated common spaces and 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 aggregate principal amount of $290,000,000 but in no event to exceed $320,000,000 (the "Bonds"); (C) the granting of certain "financial assistance" (within the meaning of Section 854(14) of the Act) with respect to the foregoing, including potential exemptions or partial exemptions from mortgage recording taxes and real property taxes (but not including special assessments and ad valorem levies) (together with the Bonds, collectively, the "Financial Assistance"); and (D) the lease (with an obligation to purchase), license 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 (the Applicant or such other entity, the "Company").
Alliance of Long Island Agencies, Inc. (“Alliance”)
For the Applicant, COMMUNITY SERVICES FOR THE MENTALLY RETARDED, INC., 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 $7,865,000, but not to exceed $9,430,000, and taxable civic facility revenue bonds presently estimated to be in the approximate aggregate principal amount of $255,000, but not to exceed $305,000:
(a) to provide for the financing and/or refinancing of all or a portion of the costs of therenovation of an existing building of approximately 3,079 square feet located on approximately 0.42 acres of land located at 34 Hicksville Rd., Massapequa, New York (Town of Oyster Bay) to be used as an individualized residential alternative facility for 9 individuals with mental retardation and developmental disabilities (“Project B-1”);
(b) to provide for the financing and/or refinancing of all or a portion of the costs of the renovation of an existing building of approximately 22,500 square feet located on approximately 5.03 acres of land located at 980 Washington Ave., Plainview, New York (Town of Oyster Bay), to be used as an individual care facility for 48 individuals with mental retardation and developmental disabilities (“Project B-3”); and
(c) to provide for additional facilities for said Applicant in locations within Nassau County, New York, other than the Town of Oyster Bay, such additional facilities to be considered at public hearings to take place in such other locations as indicated elsewhere in this Notice;
For the Applicant, ASSOCIATION FOR CHILDREN WITH DOWN SYNDROME, INC., 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 $1,215,000, but not to exceed $1,460,000, and taxable civic facility revenue bonds presently estimated to be in the approximate aggregate principal amount of $41,000, but not to exceed $50,000, to provide for financing and/or refinancing of all or a portion of the costs of the acquisition of land and an existing building thereon of approximately 2,348 square feet, located on approximately 0.1896 acres of land located at 3511 Jerusalem Ave., Wantagh, Town of Hempstead, New York, and renovations thereto, to be used as an individualized residential alternative facility for 7 individuals with mental retardation and developmental disabilities (“Project A”);
For the Applicant, COMMUNITY SERVICES FOR THE MENTALLY RETARDED, INC., 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 $7,865,000, but not to exceed $9,430,000, and taxable civic facility revenue bonds presently estimated to be in the approximate aggregate principal amount of $255,000, but not to exceed $305,000:
(a) to provide for the financing and/or refinancing of all or a portion of the costs of the renovation of an existing building of approximately 3,512 square feet located on approximately 0.34 acres of land located at 1080 Peninsula Blvd., Woodmere, New York (Town of Hempstead) to be used as an individualized residential alternative facility for 9 individuals with mental retardation and developmental disabilities (“Project B-2”);
(b) to provide for the financing and/or refinancing of all or a portion of the costs of the renovation of an existing building of approximately 2,766 square feet located on approximately 0.33 acres of land located at 7 Maine Ave., Lakeview, New York (Town of Hempstead), to be used as an individualized residential alternative facility for 8 individuals with mental retardation and developmental disabilities (“Project B-6”); and
(c) to provide for additional facilities for said Applicant in locations within Nassau County, New York, other than the Town of Hempstead, such additional facilities to be considered at public hearings to take place in such other locations as indicated elsewhere in this Notice;
For the Applicant, EPILEPSY FOUNDATION OF LONG ISLAND, INC., 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 $995,000, but not to exceed $1,195,000, and taxable civic facility revenue bonds presently estimated to be in the approximate aggregate principal amount of $34,000, but not to exceed $40,000, to provide for financing and/or refinancing of all or a portion of the costs of the acquisition of land and an existing building thereon of approximately 1,637 square feet, located on approximately 0.1515 acres of land located at 87 Chimney Lane, Levittown, Town of Hempstead, New York, and renovations thereto, and the purchase of furnishings and equipment with respect thereto, to be used as an individualized residential alternative facility for 6 individuals with mental retardation and developmental disabilities (“Project C”);
For the Applicant, UNITED VETERANS BEACON HOUSE, INC., 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 $955,000, but not to exceed $1,145,000, and taxable civic facility revenue bonds presently estimated to be in the approximate aggregate principal amount of $35,000, but not to exceed $40,000:
(a) to provide for the financing and/or refinancing of all or a portion of the costs of the renovation of an existing building of approximately 1,798 square feet located on approximately 0.194 acres of land located at 80 Constable Lane, Levittown, New York (Town of Hempstead), and the purchase of furnishings and equipment with respect thereto, to be used as a residential facility for veterans for 6 individuals (“Project E-1”); and
(b) to provide for additional facilities for said Applicant in locations within Nassau County, New York, other than the Town of Hempstead, such additional facilities to be considered at public hearings to take place in such other locations as indicated elsewhere in this Notice;
For the Applicant, COMMUNITY SERVICES FOR THE MENTALLY RETARDED, INC., 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 $7,865,000, but not to exceed $9,430,000, and taxable civic facility revenue bonds presently estimated to be in the approximate aggregate principal amount of $255,000, but not to exceed $305,000:
(a) to provide for the financing and/or refinancing of all or a portion of the costs of the acquisition of land and an existing building of approximately 2,252 square feet located on approximately 0.5 acres of land located at 23 (also known as 27) New Woods Rd., Glen Cove, New York (City of Glen Cove), and renovations thereto, to be used as an individualized residential alternative facility for 10 individuals with mental retardation and developmental disabilities (“Project B-4”);
(b) to provide for additional facilities for said Applicant in locations within Nassau County, New York, other than the City of Glen Cove, such additional facilities to be considered at public hearings to take place in such other locations as indicated elsewhere in this Notice;
For the Applicant, COMMUNITY SERVICES FOR THE MENTALLY RETARDED, INC., 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 $7,865,000, but not to exceed $9,430,000, and taxable civic facility revenue bonds presently estimated to be in the approximate aggregate principal amount of $255,000, but not to exceed $305,000:
(a) to provide for the financing and/or refinancing of all or a portion of the costs of the renovation of an existing building of approximately 44,372 square feet located on approximately 18.2 acres of land located at 189 Wheatley Rd., Brookville, Town of Oyster Bay, New York (Village of Brookville), to be used as a day habilitation facility for 196 individuals with mental retardation and developmental disabilities (“Project B-5”); and
(b) to provide for additional facilities for said Applicant in locations within Nassau County, New York, other than the Village of Brookville, such additional facilities to be considered at public hearings to take place in such other locations as indicated elsewhere in this Notice;
For the Applicant, HISPANIC COUNSELING CENTER, INC., 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 $2,175,000, but not to exceed $2,600,000, and taxable civic facility revenue bonds presently estimated to be in the approximate aggregate principal amount of $74,000, but not to exceed $90,000, to provide for financing and/or refinancing of all or a portion of the costs of the acquisition of land and an existing building thereon consisting of approximately 8,234 square feet ground floor and 4,689 square feet basement, located on approximately 0.25 acres of land located at 336-338 Fulton Avenue Hempstead, New York (Village of Hempstead), and renovations thereto, and the purchase of furnishings and equipment with respect thereto, to be used as an outpatient mental health treatment facility for 240 individuals with mental disabilities (“Project D”);
For the Applicant, LIFE’S WORC, INC., 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 $1,060,000, but not to exceed $1,270,000, and taxable civic facility revenue bonds presently estimated to be in the approximate aggregate principal amount of $36,000, but not to exceed $45,000, to provide for financing and/or refinancing of all or a portion of the costs of the acquisition of land and an existing building thereon of approximately 1,562 square feet, located on approximately 0.13 acres of land located at 4 St. John’s Avenue, Valley Stream, New York, and renovations thereto, and the purchase of furnishings and equipment with respect thereto, to be used as an individualized residential alternative facility for 6 individuals with mental retardation and developmental disabilities (“Project F”);
all in connection with the following matters Alliance of Long Island Agencies, Inc. (“Alliance”), a New York not-for-profit corporation, and an organization described in Section 501(c)(6) of the Code, has requested that the Issuer finance on behalf of the not-for-profit agencies which are the members of, and/or are authorized to participate by, the Alliance and each of which is a New York not-for-profit corporation, and an organization described in Section 501(c)(3) of the Code as the respective Applicants referenced above in connection with the respective civic facilities located in Nassau County, New York, as referenced above (collectively defined herein as the "Projects").
Collectively, the Issuer expects to issue its tax-exempt civic facility revenue bonds (the “Tax-Exempt Bonds”) for the Projects in an aggregate principal amount presently estimated to be approximately $14,265,000, but not to exceed $17,100,000. In addition, collectively, the Issuer expects to issue its taxable civic facility revenue bonds (the “Taxable Bonds”) for the Projects in an aggregate principal amount estimated to be approximately $475,000, but not to exceed $570,000. The Tax-Exempt Bonds and the Taxable Bonds are hereinafter referred to collectively as the “Bonds.”
The Projects will be sold by the Issuer, or a leasehold interest in the Projects will be granted by the Issuer, to the respective not-for profit corporate members of the Alliance and the respective authorized participants described above (each a “Corporation” and, collectively, the “Corporations”) pursuant to the terms of certain Installment Sale Agreements or Lease Agreements, as the case may be. The Projects will be initially owned, operated and/or managed by the respective Corporations.
In addition to receiving financial assistance from the Issuer in the form of bond financing, the above Corporations will receive financial assistance from the Issuer in the form of mortgage recording tax exemptions.
Alliance of Long Island Agencies, Inc. (“Alliance”)
For the Applicant, UNITED VETERANS BEACON HOUSE, INC., 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 $955,000, but not to exceed $1,145,000, and taxable civic facility revenue bonds presently estimated to be in the approximate aggregate principal amount of $35,000, but not to exceed $40,000 to provide for the financing and/or refinancing of all or a portion of the costs of the acquisition of land and an existing building of approximately 3,611 square feet located on approximately 0.2263 acres of land located at 54 Pine Street, Freeport, New York (Village of Freeport), and renovations thereto, and the purchase of furnishings and equipment with respect thereto, to be used as a residential facility for veterans for 15 individuals (“Project E-2”);
For the Applicant, P.L.U.S. GROUP HOME, INC., 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 $2,010,000, but not to exceed $2,410,000, and taxable civic facility revenue bonds presently estimated to be in the approximate aggregate principal amount of $65,000, but not to exceed $78,000:
(a) to provide for the financing and/or refinancing of all or a portion of the costs of the renovation of an existing building of approximately 6,398 square feet located on approximately 0.375 acres of land located at 247 Newport Road, Uniondale, New York (Town of Hempstead), to be used as an individualized care facility for 10 individuals with mental retardation and developmental disabilities (“Project G-1”); and
(b) to provide for additional facilities for said Applicant in locations within Nassau County, New York, other than the Town of Hempstead, such additional facilities to be considered at public hearings to take place in such other locations as indicated elsewhere in this Notice;
For the Applicant, P.L.U.S. GROUP HOME, INC., 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 $2,010,000, but not to exceed $2,410,000, and taxable civic facility revenue bonds presently estimated to be in the approximate aggregate principal amount of $65,000, but not to exceed $78,000:
(a) to provide for the financing and/or refinancing of all or a portion of the costs of the acquisition of land and an existing building of approximately 2,500 square feet located on approximately 0.25 acres of land located at 209 North Delaware Avenue, Massapequa, New York (Town of Oyster Bay), and renovations thereto, to be used as an individualized residential alternative facility for 6 individuals with mental retardation and developmental disabilities (“Project G-2”); and
(b) to provide for additional facilities for said Applicant in locations within Nassau County, New York, other than the Town of Oyster Bay, such additional facilities to be considered at public hearings to take place in such other locations as indicated elsewhere in this Notice
all in connection with the following matters: Alliance of Long Island Agencies, Inc. (“Alliance”), a New York not-for-profit corporation, and an organization described in Section 501(c)(6) of the Code, has requested that the Issuer finance on behalf of the not-for-profit agencies which are the members of, and/or are authorized to participate by, the Alliance and each of which is a New York not-for-profit corporation, and an organization described in Section 501(c)(3) of the Code as the respective Applicants referenced above in connection with the respective civic facilities located in Nassau County, New York, as referenced above (collectively defined herein as the “Projects”).
Collectively, the Issuer expects to issue its tax-exempt civic facility revenue bonds (the “Tax-Exempt Bonds”) for the Projects in an aggregate principal amount presently estimated to be approximately $2,965,000, but not to exceed $3,555,000. In addition, collectively, the Issuer expects to issue its taxable civic facility revenue bonds (the “Taxable Bonds”) for the Projects in an aggregate principal amount estimated to be approximately $100,000, but not to exceed $118,000. The Tax-Exempt Bonds and the Taxable Bonds are hereinafter referred to collectively as the “Bonds.”
The Projects will be sold by the Issuer, or a leasehold interest in the Projects will be granted by the Issuer, to the respective not-for profit corporate members of the Alliance and the respective authorized participants described above (each a “Corporation” and, collectively, the “Corporations”) pursuant to the terms of certain Installment Sale Agreements or Lease Agreements, as the case may be. The Projects will be initially owned, operated and/or managed by the respective Corporations.
In addition to receiving financial assistance from the Issuer in the form of bond financing, the above Corporations will receive financial assistance from the Issuer in the form of mortgage recording tax exemptions.
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