Typeset from the PDF of the official document (read by OCR) — headings, motions and recorded votes are detected automatically, so spacing may differ from the original. The official copy governs.
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, November 1, 2024, at 2:00 p.m., local time, at Town of Salina Town Hall, 201 School Road, Liverpool, New York 13088, in connection with the following matter:
HOMEGROWN2, LLC, a New York limited liability company, having an office for the transaction of business located at 275 Elwood Davis Road, 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 4.0 + acre parcel of land located at 241 Elwood Davis Road, Town of Salina, Onondaga County, New York (being more particularly identified as tax map number 075.-03-05.2) (the "Land"); (ii) the construction on the Land of (a) a 110-suite extended stay hotel known as Home2Suites by Hilton containing such amenities as each room having kitchen facilities, including a full size refrigerator, dishwasher, microwave, toaster, cookware and utensils, and real China place settings; (b) a Home2 Market for sundry items, a business service area in the lobby, brand standard guest laundry and exercise/Spin2 Cycle Facility, indoor pool, and (c) other site improvement consisting of surface parking, freestanding 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.
432830\4889-7691-0574\ v1 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/85729104389.
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 October 31, 2024.