Public Hearing – Brolex Plank Road LLC — Notice-of-Public-Hearing-Brolex-Plank-Road-LLC.pdf
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NOTICE OF PUBLIC HEARING
            PURSUANT TO NEW YORK GENERAL MUNICIPAL LAW §859-a
              ON PROPOSED PROJECT AND FINANCIAL ASSISTANCE
                                  Brolex Plank Road LLC
               444 South Main Street, Village of North Syracuse (Town of Clay)
                                  Tax Map # 006.-04-18.0
       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: April 1, 2021 at 10:00 A.M.
Public Hearing Location: Held via Zoom meeting: Meeting Number #82374203184, or dial in at
1-929-436-2866 and enter meeting number.
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:

Brolex Plank Road LLC, a New York limited liability company (the “Company”), has
submitted an application (the “Application”), on behalf of itself and/or entities formed or to be
formed on its behalf, 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 Company and/or entities formed or to be formed on its behalf, said Project
consisting of the following: (A)(1) the acquisition of a leasehold interest in all or a portion of an
approximately 2.39 acre parcel of land located at 444 South Main Street (tax map no. 006.-04-
18.0) in the Village of North Syracuse (Town of Clay), Onondaga County, New York (the “Land”);
(2) the construction on the Land of two (2), approximately 22,500 square foot apartment
complexes, each consisting of approximately 24 residential units and approximately ninety (90)
parking spaces (collectively, the “Facility”); and (3) the acquisition and installation therein and
thereon of related fixtures, machinery, equipment and other tangible personal property
(collectively, the “Equipment”) (the Land, the Facility and the Equipment being collectively
referred to as the “Project Facility”); (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
(subject to certain statutory limitations) (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 Company will be the initial
owner and/or operator of the Project.

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.
This public hearing will be held by remote means, by Zoom meeting and telephone conference call,
in accordance with the modifications to Article 7 of the Public Officers Law (the “Open Meetings
Law”) as modified by New York Governor Andrew Cuomo’s Executive Order 202.1, as extended
in response to the COVID-19 pandemic. A copy of a recording of the hearing will be available on
the Agency’s website.

ONONDAGA COUNTY INDUSTRIAL DEVELOPMENT AGENCY
Dated: March 19, 2021