About the Bethlehem IDA

Meeting Schedule

Regular Meeting - December 16, 2016 |

Friday, 8:00am, Auditorium


Public Hearings

Public Hearing for Coeymans Recycling Center, LLC d/b/a Coeymans Industrial Park

NOTICE OF PUBLIC HEARING

ON PROPOSED PROJECT

AND FINANCIAL ASSISTANCE

RELATING THERETO

Notice is hereby given that a public hearing pursuant to Section 859-a(2) of the General Municipal Law of the State of New York (the “Act”) will be held by Town of Bethlehem Industrial Development Agency (the “Agency”) on the 13th day of April, 2016 at 5:00 o’clock p.m., local time, in the Auditorium of the Town of Bethlehem Town Hall located at 445 Delaware Avenue in the Town of Bethlehem, Albany County, New York in connection with the following matters:

Coeymans Recycling Center, LLC d/b/a Coeymans Industrial Park (the “Company”), a New York limited liability corporation, has submitted an application (the “Application”) to the Agency, a copy of which Application is on file at the office of the Agency, which Application requested that the Agency consider undertaking a project (the “Project”) for the benefit of the Company, said Project consisting of the following: (A) (1) the acquisition of an interest in an approximately 6.07 acre parcel of land located at 126 South Port Road in the Town of Bethlehem, Albany County, New York (tax map no. 87.03-3-3) (the “Land”), together with the existing buildings located thereon containing in the aggregate approximately 93,000 square feet of space (collectively, the “Facility”), (2) the renovation of the Facility to provide for the internal refit-up of the Facility, (3) the making of site improvements and related shoreline improvements to the Land, including, but not limited to the acquisition and installation of aggregate shoreline materials (collectively, the “Improvements”) and (4) the acquisition and installation therein and thereon of related fixtures, machinery, equipment and other tangible personal property, including, but not limited to, barges, cranes and various water related vehicles (collectively, the “Equipment”) (the Land, the Facility, the Improvements and the Equipment being collectively referred to as the “Project Facility”), all of the foregoing to be owned by the Company and operated by the Company as a pre-cast concrete stevedoring facility and other directly and indirectly related uses; (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 from certain sales and use taxes, real estate transfer taxes and mortgage recording taxes (collectively, the “Financial Assistance”); and (C) the lease (with an obligation to purchase) or sale of the Project Facility to the Company or such other person as may be designated by the Company and agreed upon by the Agency.

The Agency is considering whether (A) to undertake the Project, and (B) to provide certain exemptions from taxation with respect to the Project, including (1) exemption from mortgage recording taxes with respect to any documents, if any, recorded by the Agency with respect to the Project in the office of the County Clerk of Albany County, New York or elsewhere, (2) exemption from deed transfer taxes on any real estate transfers, if any, with respect to the Project and (3) exemption from sales and use taxes relating to the acquisition, construction, renovation and installation of the Project Facility. If any portion of the Financial Assistance to be granted by the Agency with respect to the Project is not consistent with the Agency’s uniform tax exemption policy, the Agency will follow the procedures for deviation from such policy set forth in Section 874(4) of the Act prior to granting such portion of the Financial Assistance.

If the Agency determines to proceed with the Project, the Project Facility will be acquired, constructed, reconstructed and installed by the Agency and will be leased (with an obligation to purchase) or sold by the Agency to the Company or its designee pursuant to a project agreement (the “Agreement”) requiring that the Company or its designee make certain payments to the Agency.

The Agency has not yet made a determination pursuant to Article 8 of the Environmental Conservation Law (the “SEQR Act”) regarding the potential environmental impact of the Project.

The Agency will at said time and place hear all persons with views on either the location and nature of the proposed Project, or the Financial Assistance being contemplated by the Agency in connection with the proposed Project. A copy of the Application filed by the Company with the Agency with respect to the Project, including an analysis of the costs and benefits of the Project, is available for public inspection during business hours at the offices of the Agency. A transcript or summary report of the hearing will be made available to the members of the Agency.

Additional information can be obtained from, and written comments may be addressed to: Thomas P. Connolly, Executive Director, Town of Bethlehem Industrial Development Agency, Town Hall, 445 Delaware Avenue, Delmar, New York 12054; Telephone: (518) 447-3203.

Dated: March 28, 2016.

TOWN OF BETHLEHEM INDUSTRIAL DEVELOPMENT AGENCY

BY: s/Thomas P. Connolly

Thomas P. Connolly, Executive Director



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