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Industrial Development Agency Public Hearing




                        NOTICE is hereby given pursuant to section 859-a and Article 18-A of the New York State General Municipal Law, that the City of Middletown Industrial Development Agency (the “Agency”) will hold a public hearing regarding a proposed project (the “Project”) for the benefit of Equilibrium Brewery, LLC, a New York limited liability company, for itself and/or on behalf of an entity or entities to be formed (collectively, the “Company” or the “Applicant”), consisting of the Agency providing financial assistance in connection with the acquisition, renovation, reconstruction, refurbishing and equipping of the existing commercial improvements located at 2-8 South Street in the City of Middletown, Orange County, New York, a former banking facility currently owned by the City of Middletown (collectively, the “Facility”), for readaptive use, including a craft brewery, offices, storage and distribution facilities, taproom, restaurant, and/or other and additional commercial and other uses. The Facility will be operated by the Company or subleased to operating entities engaged in some or all of the foregoing activities.

The Agency contemplates providing financial assistance primarily in the form of (i) exemptions from sales and use tax and mortgage recording tax in connection with the renovation, reconstruction, equipping, financing and refinancing of the Facility, and (ii) partial abatement of real estate taxes to be reflected in a payment-in-lieu-of-taxes agreement between the Agency and the Applicant.

Applicant: Equilibrium Brewery, LLC, a New York limited liability company. The Applicant’s current mailing address is 22 Henry Street, Middletown, New York 10940.

                        Public Hearing: All persons, organizations, corporations or governmental agencies are invited to submit comments concerning the granting of financial assistance by the Agency for the Project. The hearing will be held on January 22, 2019, at 4:30 p.m., In the Council Chambers of the Middletown City Hall, 16 James Street, Middletown, New York 10940.

                        Participation at the Hearing: Individuals and representatives of organizations who desire to present oral testimony at the public hearing are requested to provide their names, addresses and telephone numbers, as well as the organization they represent (if any) to Maria Bruni, Administrative Director, by telephone at (845) 346-4170 by the close of business on January 18, 2019. The Agency reserves the right to limit individual testimony to 5 minutes. Written comments can be submitted to the Agency at the Hearing, or prior thereto at the Agency’s office on the third floor of Middletown City Hall, 16 James Street, Middletown, New York 10940.

                        Information Availability: Information regarding the proposed Project, including the application and a cost and benefit analysis, is available from the Agency at the address given above.