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Town of Colonie
Industrial Development Agency (IDA)
John Kearney
Chairman
Joe LaCivita
Executive Director
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Public Notice

(NOT A LEGAL NOTICE)

Notice is hereby given that the regular meeting of the Town of Colonie Industrial Development Agency originally scheduled to be held on August 21, 2017 has been rescheduled and will now be held on August 14, 2017 at 6:00 p.m. at the Town of Colonie Public Operations Center, 347 Old Niskayuna Road, Latham, New York 12110.

Joseph LaCivita
Executive Director

 

 

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 August 14, 2017, at 6:00 p.m. at the Town of Colonie Public Operations Center, 347 Old Niskayuna Road, Latham, New York in connection with the following matter:

 

Afrim Realty Company, LLC, on behalf of itself and entities formed or to be formed on behalf of the foregoing, including Afrim’s Sports, Inc. (the “Company”) has requested that the Agency undertake a project (the “Project”) consisting of the following:  (A)(1) the acquisition of an interest in approximately 28.6 acres of land located at 969 Watervliet Shaker Road (Tax Map # 30.-2-2.21) in the Town of Colonie, Albany County, New York (the “Land”), (2) the construction of an approximately 86,400 square foot air supported dome, an approximately 12,000 square foot building and an approximately 900 square foot building (collectively, the “Facility”), and (3) the acquisition and installation therein and thereon of various machinery and equipment (the “Equipment”) (the Land, the Facility and the Equipment being collectively referred to as the “Project Facility”), such Project Facility to constitute a recreation project providing facilities for sporting events, including, but not limited to, soccer and lacrosse games and tournaments; (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 mortgage recording taxes (except as limited by Section 874 of the Act), real estate transfer taxes, sales and uses taxes and real property taxes (collectively, 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 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 filed by the Company with the Agency with respect to the Financial Assistance, including an analysis of the costs and benefits of the Project, is available for public inspection during business hours at the offices of the Agency located at 347 Old Niskayuna Road, Latham, New York 12110.

 

Dated:                                                                          August 1, 2017                                                 TOWN OF COLONIE INDUSTRIAL

DEVELOPMENT AGENCY

 

 

By: /s/  Joseph LaCivita                                   

Executive Director