Public Hearing – Old Thompson Road, LLC — Old Thompson Rd LLC Public Hearing Notice

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, May 31, 2024, at 11:30 a.m., local time, at
DeWitt Town Hall, 5400 Butternut Drive, East Syracuse, New York 13057, in connection with
the following matter:

OLD THOMPSON ROAD, LLC, a New York limited liability company, having an
office for the transaction of business located at 6715 Robert Feldmeier Parkway, Syracuse, New
York 13211, 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: (A) the acquisition or
retention by the Agency of title to or a leasehold interest in approximately twenty-six (26) acres
of vacant land located at 6715 Robert Feldmeier Parkway (formerly identified as 6655 Old
Thompson Road), in the Town of Dewitt, Onondaga County, New York, such land being more
particularly described as tax map numbers 022.-05-14.1 and 022.-05-03.1 (the "Land") and the
existing improvements located thereon, consisting principally of an approximately 130,000
square-foot building, consisting of approximately 30,000 square feet of office space and
approximately 100,000 square feet to house streamlined manufacturing space and associated
parking, all used in furtherance of the Company's manufacture of stainless steel processing
equipment (the "Existing Improvements"; and, together with the Land, the "Existing Facility");
(B) the construction of an approximately 100,000 square-foot one-story addition to the Existing
Facility consisting of approximately 20,000 square feet of storage space and approximately
80,000 square feet of production space (collectively, the "Expansion Improvements"); and (C)
the acquisition in and around the Existing Facility and Expansion Improvements of certain items
of equipment and other tangible personal property and equipment (the "Expansion Equipment";
and, collectively with the Existing Facility and the Expansion 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.
430787\4872-3181-2286\ 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/81475790066?pwd=M1F6YjF0YTdFTEJQd1V6VDVRQXNWUT09
        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 May 30, 2024.
Dated: May 16, 2024                         ONONDAGA COUNTY INDUSTRIAL
                                            DEVELOPMENT AGENCY