Welcome to the
Town of Colonie
Industrial Development Agency (IDA)
John Kearney
Chairman
Sean M. Maguire, AICP CEcD
CEO
The Crossings: a great place to relaxGrowth of ColonieMeeting ScheduleIDA Applications
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Public Notice(s)

 

NOTICE OF PUBLIC HEARING

ON PROPOSED PROJECT AND GRANTING OF FINANCIAL ASSISTANCE

Notice is hereby given that a public hearing pursuant to Section 859-a(2) of the General Municipal Law of the State of New York (the “Act”), will be held by the Town of Colonie Industrial Development Agency (the “Agency”), on October 19, 2020, at 6:00 p.m., at the Town of Colonie Memorial Town Hall, Town Hall Main Meeting Room, 534 New Loudon Road, Latham, New York 12110, in connection with the following matter:

First Colonie Company Limited Partnership, on behalf of itself and/or entities formed or to be formed on behalf of the foregoing (the “Company”), has submitted an application (the “Application”) to the Agency requesting that the Agency consider undertaking a project (the “Project”) for the benefit of the Company, said Project consisting of the following: (A)(1) the license to approximately 13.5 acres of land located at 660, 668 and 676 Albany-Shaker Road (tax map nos. 30.-5-5, 30.-5-7 and 30.-5-8) in the Town of Colonie, Albany County, New York (the “Land”) and the approximately 230,000 square foot building located thereon for use as a hotel, banquet/catering and conference facility (commonly known as The Desmond) by the Company (the “Facility”), and (2) the acquisition and installation therein and thereon of various building materials, furniture, fixtures, machinery and equipment (the “Equipment” and, collectively with the Land and the Facility, 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 sales and use taxes (the “Financial Assistance”); and (C) the 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 operator of the Project Facility.

The Agency will at said time and place hear all persons with views on the granting of the Financial Assistance.

A copy of the Application, which provides further details regarding the Project and the Financial Assistance requested by the Company, is available for public inspection on the Agency’s website (http://www.colonieida.org) and during business hours at the offices of the Agency located at 347 Old Niskayuna Road, Latham, New York 12110.

Dated:  October 2, 2020

Sean Maguire
Executive Director

 

PUBLIC NOTICE

TOWN OF COLONIE INDUSTRIAL DEVELOPMENT AGENCY
TOWN OF COLONIE LOCAL DEVELOPMENT CORPORATION
(NOT A LEGAL NOTICE)

 

Notice is hereby given that a meeting of the Finance Committee of the Town of Colonie Industrial Development Agency shall be held on Monday, October 21, 2020 at 5:30 p.m., at Memorial Town Hall, 534 New Loudon Rd, Latham, NY 12110. The public may view or listen to the meeting by accessing the Agency’s website at http://www.colonieida.org.

John Kearney
Chair, Colonie IDA
Chair, Colonie LDC