IDA Public Hearing Notice for February 11, 2002
The
New York City Industrial Development Agency (the "Agency") is
"empowered under the New York State Industrial Development Agency
Act (constituting Title 1 of Article I 18-A of the General Municipal
Law), and Chapter 1082 of the 1974 Laws of New York, as amended, to issue
nonrecourse revenue bonds to provide financing for qualified projects, and
to enter into industrial and small industry incentive program transactions
and other straight-lease transactions for the benefit of qualified projects
and thereby advance the job opportunities, general prosperity and economic
welfare of the people of the State of New York (the “State”) and to
improve their prosperity and standard of living. The Agency has been
requested (i) to make available the proceeds of its bonds to be issued in
the approximate aggregate dollar amounts, to be used by the persons, for the
purposes, and at the addresses identified below, and
(ii) to participate in industrial and small industry incentive
program straight‑lease transactions and other straight‑lease
transactions for the purposes and at the addresses also identified below. As
used herein, "bonds" are bonds, the interest on which may be
exempt from local and/or State and/or Federal Income taxes; and the
“City” shall mean The City of New York. As used herein with reference to
bond amounts, "approximately" shall be deemed to mean up to such
stated bond amount or a greater principal amount not to exceed 10% of such
stated bond amount.
Approximately
$1,100,000 civic facility revenue bond transaction for the benefit of Centro
Social La Esperanza, Inc., a provider of habilitation services for people
with developmental disabilities, in connection with the acquisition,
renovation, equipping, furnishing, and/or refinancing of facilities at the
following addresses: (i) an approximately 2,050 square foot parcel of land
and an approximately 2,868 square foot building located thereon at 949 Elder
Avenue, Bronx, New York (approximate cost of $544,000 and (ii) an
approximately 3,120 square foot parcel of land and an approximately 2,252
square foot building located thereon at 122 Van Cortlandt Avenue West Bronx,
New York (approximate cost of $556,000). The financial assistance proposed
to be conferred by the Agency will consist of such bond financing and
exemption from City and State mortgage recording taxes.
Straight‑lease
(Industrial Incentive Program) transaction for Munzenmaier Baking Company
for the benefit of Continental Foods Products Inc., a manufacturer of frozen
pizzas, in connection with the financing and/or refinancing of the
acquisition, renovation, furnishing and equipping of an approximately 31,000
square foot building located upon an approximately 51,000 square foot parcel
of land located at 31‑45 Downing Street Block 4406. Lot 9, Queens. Now
York. The financial assistance proposed to be conferred by the Agency will
consist of payments in lieu of New York City real property taxes, exemption
from City and State mortgage recording taxes, and exemption from City and
State sales and use taxes.
Straight‑lease
(commercial retention) transaction for the benefit of First Data Corporation
and its affiliates, a provider of electronic commerce and payment services,
in connection with the renovation of office space and for the acquisition
and/or leasing and Installation of machinery, equipment, furniture, fixtures
and other tangible personal property all for use in
approximately 27,326 square feet of office space located at 1150
South Avenue. Staten Island, New York. The financial assistance proposed to
be conferred by the Agency will consist of exemption from City and State
sales and use taxes.
Approximately
$706,000 civic facility revenue bond transaction for the benefit of General
Human Outreach In the Community, Inc., a provider of habilitation services
for people with developmental disabilities. in connection with the
acquisition, renovation, furnishing, equipping, and/or refinancing of an
approximately 3,500 square foot parcel at land and an approximately 3,100
square foot building located thereon at 107‑40A 134th Street Richmond
Hills, Queens, Now York. The financial assistance proposed to be conferred
by the Agency will consist of such bond financing and exemption from City
and State mortgage recording taxes.
Approximately
$2.140,000 Industrial development revenue bond refunding transaction for a
real estate holding company to be determined for the benefit of House of
Spices (India), Inc., a manufacturer and distributor at Indian food and
spices, in connection with the refunding of a previous 1991 Agency bond
transaction Issued to finance the acquisition, renovation and equipping of
an approximately 109,200 square foot building located on an approximately
173.389 square foot parcel of land located at 127‑40 Willets Point
Boulevard, Hushing. Queens,
New York. The financial assistance proposed to be conferred by
the Agency will consist of such bond financing. payments In lieu of Now York
City real property taxes, exemption from City and
State mortgage recording taxes, and exemption from City and State
sales and use taxes.
Straight‑lease
(Industrial Incentive Program) transaction for a real estate holding company
to be determined for the benefit of House of Spices (India). Inc., a
manufacturer and distributor of Indian food and spices in connection with
(a) the refinancing of an existing mortgage on an approximately 109,200
square foot building located on an approximately
173,389 square foot parcel of land located at 127‑40 Willits Point
Boulevard, Rushing. Queens. Now York, and (b) the financing of the
acquisition and construction of an approximately 4,000 square foot facility
which will house an approximately 2,500 square foot refrigeration unit at
127‑40 Willets Point Boulevard, Hushing, Queens, New York. The
financial assistance proposed to be conferred by the Agency will consist of
payments in lieu of New York City real properly taxes, exemption from City
and State mortgage recording taxes,. and exemption from City and State sales
and use taxes.
Approximately
$4,000,000 civic facility revenue bond transaction for the benefit of
Miracle Makers, Inc., a provider of human and habilitation services, In
connection with the refinancing, reimbursement,
and/or financing of the acquisition, renovation, and furnishing and
equipping of facilities at the following addresses, with accompanying square
footages: (i) an approximately 16200
square foot building and an approximately 3,200 square foot parcel of land
located at 16 Howard Avenue, Brooklyn New York (refinancing) approximate
cost of $236,000); (ii) an approximately 36,000 square foot building and an
approximately 7,200 square foot parcel of land located at 1021 Broadway,
Brooklyn, Now York (refinancing) approximate cost of $337,750 (iii) an
approximately 9,000 square foot building and an approximately, 1,600 parcel
of land at 117 Ralph Avenue e Brooklyn. New York (approximate
cost of $242,000); (iv) an approximately 1,040 square foot building
and an approximately Z375 square foot parcel of land located at 95 Sexton
Place Bronx, Now York (approximate cost of $275,000); (v) an approximately,
2,000 square foot building and an approximately 2,000 square foot parceI of
land located at 2004 Fulton Avenue, Brooklyn, New York (approximate
cost of $66,000) and (vi) an
approximately 66,000 square foot facility and an approximately 45,000 square
foot parcel of land located at 2644‑2668 Atlantic Avenue (a/k/a 91
Pennsylvania Avenue) Brooklyn, New York
(approximate cost of $2,750,000). The financial assistance proposed to be
conferred by the Agency will consist of such bond financing and exemption
from
City and State mortgage recording taxes.
Approximately
$3,700,000 civic facility revenue bond transaction for the benefit of QSAC,
Inc., a provider of day and residential habilitation services for people
with autism and developmental disabilities, in connection with the
acquisition, renovation, equipping furnishing, and/or refinancing of
facilities at the following addresses (i) an approximately 34,780 square
foot parcel of land and in approximately 12,647 square foot building located
thereon at 196‑10 Woodhull Avenue and parking lot for the building at
196‑26 Woodhull, Hollis, Queens New York (approximate cost of
$1.441.500). (ii) an approximately 3,920 square foot parcel of land and an
approximately 2,200 square foot building located thereon at 118-60
Springfield Boulevard,
St. Albans, Queens, New York. (approximate cost of $296,000), (iii)
an approximately 4,000 square foot parcel of land and an approximately 2,906
square foot building located thereon at 230-48 146th
Avenue. Rosedale, Queens, New York (approximate cost of $210,500 (iv)
an approximately 5,568 square foot parcel of land and an approximately 1,479
square foot building located thereon at 128‑20 and 128‑24 144th
Street South Ozone Park, Queens, Now York (approximate cost of $251.300),
and (v) an approximately 4,774 square foot parcel
of land and an approximately 1.648 square foot building located
thereon at 196‑24 Woodhull Avenue, Hollis, Queens, New York
(approximate cost of $1,500,700). The financial assistance
proposed to be conferred by the Agency will consist at such bond
financing and exemption from City and State mortgage recording taxes.
Approximately
$824,000 civic facility revenue bond transaction for the benefit of Queens
Parent Resource Center, Inc., a provider of habilitation services for people
with developmental disabilities, in connection with the acquisition,
renovation, furnishing. equipping and/or refinancing of an approximately
2.700 square foot parcel of land and an approximately 2,580 squire foot
building located thereon at 114‑04 202nd Street, St Albans, Queens,
Now York The financial assistance proposed to be conferred by the Agency
will consist of such bond financing and exemption from City and State
mortgage recording taxes.
Straight‑lease
(Industrial Incentive Program) transaction for the benefit of PV Ridgewood
LLC or other holding company to be determined on behalf of P V Knit Goods
Processing Co Inc., Fashion Dye Works Inc., and/or another operating company
to be determined a company or companies that dye and processes knitwear in
connection with the acquisition,
Approximately
$70,000,000 civic facility revenue bond transaction for the benefit of The
Ronald McDonald House of Now York City, Inc., a charitable organization
providing services for families with children affected with life threatening
illnesses In connection with the refinancing, reimbursement, and/or
financing of the acquisition renovation, furnishing and equipping of an approximately 92,000 square foot facility located at 405 East
60th Street, Now York New York and the refinancing of existing
tax‑exempt debt Issued to finance an approximately
82,600 square foot facility located at 405‑411 East 73rd Street
New York Now York The financial assistance proposed to be conferred by the
Agency will consist of such bond financing and exemption from City and State
mortgage recording taxes.
Approximately
$32.000,000 civic facility revenue bond transaction i on for the benefit of
The Roundabout Theatre Company, Inc., a not‑for‑profit theatre
in connection with the acquisition, renovation. furnishing and equipping of
an approximately 33,000 square foot building located oft approximately
12,000 square feet of land located at 229‑237 West
Approximately
$1,180,000 civic Wily revenue bond transaction for the benefit of Women's
League Community Residences, Inc., a provider of habilitation services for
people with developmental disabilities, in connection with the acquisition,
renovation, furnishing, equipping and/or refinancing of an approximately
3,750 square foot parcel of
Approximately
$1,025,000 civic facility revenue bond transaction for the benefit of Young
Adult Institute. Inc., a provider of habilitation services for people with
developmental disabilities, in connection with the acquisition, renovation,
furnishing, equipping and/or refinancing of an approximately 2,500 square
foot parcel of land and an approximately 4,200 square foot building located
thereon 9 3180 Rochambeau
Avenue, Bronx, New York. The financial assistance proposed to be conferred
by the Agency will consist of such bond financing and exemption from City
arid State mortgage recording
taxes.
Pursuant to Section 859a of the General Municipal Law
of the State of New York and Internal Revenue Code Section
147(f) the Agency will hold a hearing on the proposed financings and
transactions set forth above at the office of the New York City Industrial
Development Agency, I 10 William Street, 6th Floor, New York, New York,
commencing at 10:00 a.m. on Monday, February 11, 2002. Interested
members of the public are invited to attend. The Agency will present
information at such hearing on the proposed financings and transactions set
forth above. Pursuant to subdivision 3 of the above-referenced Section 859a,
the Agency will, In addition, provide an opportunity for the public to
review at such hearing the project application and the cost-benefit analysis
for each of the proposed financings and transactions. Persons desiring to
make a brief statement regarding the proposed financings and transactions
should give prior notice to the Agency at the address or phone number shown
below. Written comments may be submitted to the Agency at the address shown
below.
New York City
Industrial Development Agency
110
William Street 6th Floor
New York
Now York 10038
(212)
619-5000