Public Hearing – Finger Lakes Railway Corporation — Upstate Pathology – Public Hearing Notice (Hrg January 3, 2025)

NOTICE OF PUBLIC HEARING
        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 Onondaga County Industrial
Development Agency (the "Agency") on Friday, January 3, 2025, at 2:30 p.m., local time, at
DeWitt Town Hall, 5400 Butternut Drive, East Syracuse, New York 13057, in connection with
the following matter:

UPSTATE PATHOLOGY LAB OWNERSHIP, LLC, a Florida limited liability
company, having an office for the transaction of business located at 5112 West Taft Road, Suite
M, Liverpool, New York 13088, for itself or on behalf of an entity formed or to be formed by it
or on its behalf (collectively, the "Company") has submitted an application (the "Application") to
the Agency requesting that the Agency undertake a certain project (the "Project") for the benefit
of the Company (or entity to be formed by it or on its behalf) consisting of: (i) the Agency taking
title to or a leasehold (or other) interest in an approximately 23.263 + acre parcel of land located
at 6624 Fly Road, Town of Dewitt, Onondaga County, New York (being more particularly
identified as tax map number 029.-02-27.23) (the "Land"); (ii) the construction on the Land of
(a) an approximately 109,000 square foot, three story pathology lab building, (b) state of the art
lab testing equipment, drone technology and (c) other site improvement consisting of surface
parking, signage, landscaping, and sidewalks (collectively, the "Improvements"); and (iii) the
acquisition and installation by the Company in and around the Land and the Improvements of
items of equipment and other tangible personal property (the "Equipment"; and, together with the
Land and the Improvements, the "Facility").

The Agency will retain or acquire title to, or a leasehold interest in, the Facility and lease
the Facility back to the Company. The Company will operate the Facility during the term of the
lease. At the end of the lease term, the Company will purchase the Facility from the Agency, or
if the Agency holds a leasehold interest, the leasehold interest will be terminated. The Agency
contemplates that it will provide financial assistance (the "Financial Assistance") to the
Company in the form of (i) exemptions from sales and use taxes otherwise payable upon the
purchase or lease of materials, furnishings, fixtures and equipment, and other taxable personal
property, (ii) a partial real property tax abatement structured through a payment-in-lieu-of-tax
agreement, and (iii) exemptions from mortgage recording taxes in connection with the
acquisition financing, construction financing and/or permanent financing or any subsequent
refinancing of the costs of the acquisition, construction, renovation, reconstruction, refurbishing
and equipping of the Facility as permitted by New York State law.
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        A representative of the Agency will be at the above-stated time and place to present a
copy of the Company's project Application and hear and accept written and oral comments from
all persons with views in favor of or opposed to or otherwise relevant to the proposed Financial
Assistance.

The Agency will provide additional access to the public hearing by broadcasting the
public hearing in real time online at: https://us02web.zoom.us/j/81545828454
        Furthermore, the public is encouraged to offer its comments in writing to the Agency by
e-mail at economicdevelopment@ongov.net or via USPS mail sent to: Onondaga County
Industrial Development Agency (Attn: Alexis Rodriguez), 335 Montgomery Street, Floor 2M,
Syracuse, New York 13202, no later than Thursday, January 2, 2025.
Dated: December 12, 2024                            ONONDAGA COUNTY INDUSTRIAL
                                                    DEVELOPMENT AGENCY