Public Hearing – Stewart Hancock Partners LLC & Dunn Tire LLC — Stewart-Hancock-PH-notice3.pdf
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NOTICE OF PUBLIC HEARING
            PURSUANT TO NEW YORK GENERAL MUNICIPAL LAW §859-a
              ON PROPOSED PROJECT AND FINANCIAL ASSISTANCE
                       Stewart Hancock Partners LLC & Dunn Tire LLC
                                Stewart Drive, Town of Cicero
                                   Tax Map # 057.-02-29.4
       NOTICE IS HEREBY GIVEN that a public hearing pursuant to Section 859-a of the New
York General Municipal Law will be held by the Onondaga County Industrial Development Agency
(the “Agency”).
Public Hearing Date and Time: September 9, 2021 at 10:00 A.M.
Public Hearing Location: Cicero Town Hall, 8236 Brewerton Road, Cicero New York.
        For assistance or questions regarding the public hearing please contact the Onondaga County
Industrial Development Agency.
       The public hearing is being held in connection with the following matter:

WHEREAS, Stewart Hancock Partners LLC, a New York limited liability company (the
“Real Estate Holding Company”) and Dunn Tire LLC, a New York limited liability company (the
“Operating Company”) have submitted an application (the “Application”) on behalf of themselves
and/or entities formed or to be formed on behalf of the foregoing, to the Agency, a copy of which
Application is on file at the office of the Agency, which application requests that the Agency
consider undertaking a project (the “Project”) for the benefit of the Real Estate Holding Company,
the Operating Company and/or entities formed or to be formed on their behalf, said Project
consisting of the following: (A)(1) the acquisition of an interest in an approximately 5.02-acre
parcel of land located on Stewart Drive (tax map no. 057.-02-29.4) in the Town of Cicero,
Onondaga County, New York (the “Land”); (2) the construction on the Land of an approximately
62,500 square foot building (the “Facility”); and (3) the acquisition and installation in and around
the Facility and/or for use in connection with the Project of various fixtures, machinery, equipment
and other tangible personal property (collectively, the “Facility Equipment”) (the Land, the
Facility and the Facility Equipment being collectively referred to as the “Company Project
Facility”), such Company Project Facility to be leased and subleased by the Agency to the Real
Estate Holding Company and further subleased by the Real Estate Holding Company to the
Operating Company; and (4) the acquisition and installation therein and thereon of related fixtures,
machinery, equipment and other tangible personal property (collectively the “Equipment,” and
together with the Company Project Facility, the “Project Facility”), which Project Facility will be
used by the Operating Company as a distribution, warehouse, and office space supporting the
storage and distribution of tires; (B) the granting of certain “financial assistance” (within the
meaning of Section 854(14) of the General Municipal Law) with respect to the foregoing,
including potential exemptions from certain sales and use taxes, real property taxes, real estate
transfer taxes and mortgage recording taxes (subject to certain statutory limitations) (the “Financial
Assistance”); and (C) the lease (with an obligation to purchase) or sale of the Company Project
Facility to the Real Estate Holding Company or such other person as may be designated by the
Real Estate Holding Company and agreed upon by the Agency and the lease (with an obligation

to purchase) or sale of the Equipment to the Operating Company or such other person as may be
designated by the Operating Company and agreed upon by the Agency.
     The Real Estate Holding Company will be the initial owner of the Project Facility and the
Operating Company will be the initial operator of the Project Facility.
      The Agency has not made a decision with respect to the undertaking of the Project or the
granting of the Financial Assistance.
       The Agency will at the above-stated time and place hear all persons with views in favor of or
opposed to the Project and/or the Financial Assistance. A copy of the Application including a
cost/benefit analysis is available at the office of the Agency for review by interested persons. A copy
of a recording of the hearing will be available on the Agency’s website.

ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY
Dated: August 23, 2021