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Industrial Development Agency
Contact TypeContact Information
Contact:
914-481-8036
Leonie Douglas, Treasurer
 
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Members
Name
Term Began
Neil J. Pagano, Vice Chairman
4/20/2009
Joseph Kenner,
4/20/2009
Richard D. Cuddy
8/2/2010
Frank Ferrara, Chairman
12/3/2012
John Hiensch
2/25/1998
James T. Taylor, II
10/1/2007
Dennis Pilla
4/20/2009
Policies
Regular meetings will be held the second Wednesday of every month at 6:30 pm, 1st Floor Conference Room, 222 Grace Church Street.  
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NOTICE OF PUBLIC HEARING

NOTICE IS HEREBY GIVEN that a public hearing pursuant to Article 18-A of the New York State General Municipal Law will be held by the Village of Port Chester Industrial Development Agency (the "Agency") on March 23, 2015 at 6:30 p.m., local time, at Village Hall, 222 Grace Church Street, Port Chester, New York 10573, in connection with the following matter:

In furtherance of a certain in Modified Marina Redevelopment Project (the "Project") undertaken by G&S Port Chester, LLC ("G&S"), the Agency, along with the Village of Port Chester (the "Village") entered into a Land Acquisition and Disposition Agreement, dated as of July 14, 1999, and amendments thereto (collectively, the "LADA"), wherein the parties thereto memorialized their respective rights and obligations in connection with the Project.   In furtherance of the Project and applicable provisions of the LADA, the Agency, by and through the Village and G&S, acquired certain parcels of real estate within the Village and in the vicinity of Waterfront Place to be incorporated into the Project and thereafter leased certain portions of the Project lands to G&S and certain affiliates pursuant to Unit Leases.  Pursuant to the Unit Leases, the Project has been developed over time into a multi-tenanted commercial and retail complex.

G&S Port Chester Retail 1 DE, LLC, G&S Port Chester Unit 2A DE, LLC, G&S Port Chester Unit 2C DE, LLC, and G&S Port Chester Unit 4A DE, LLC (collectively, the "Company"),  have requested the Agency's  assistance with the refinancing of portions of the Project pursuant to a certain loan (the "Loan") to be secured by, among other things, a Fee and Leasehold Mortgage, Assignment of Leases and Rents and Security Agreement (the "Mortgage") to be granted by the Company and the Agency encumbering the Agency's and Company's respective interests in the property associated with the Unit Leases.   The Agency proposes to provide the Company with financial assistance (the "Financial Assistance") in the form of mortgage recording tax exemptions in connection with the Mortgage.

The Agency will at said time and place have copies of the Application and related cost­ benefit analysis available and provide a reasonable opportunity to all interested persons to present their views, either orally or in writing, on the proposed Financial Assistance to be afforded the Company in connection with the Project.



Dated:  March 12, 2015  By:   VILLAGE OF PORT CHESTER INDUSTRIAL DEVELOPMENT AGENCY