NOTICE Of PUBLIC HEARING – For Huntington Hotel Tax Abatement, Tuesday August 26, 2:00 p.m.

August 25, 2014 12:43 pm | Filed under: Building & Development,Huntington,News | Posted by:

NOTICE IS HEREBY G GIVEN that a public hearing pursuant to Article I8-A of the New York State General Municipal Law, will be held by the Suffolk County Industrial Development Agency (“The Agency”) 0n the 26th day of August, 2014, at 2:00 p.m., local time, at the Melville Corporate Center I, Conference Center, Suite S124, 105 Maxess Road. Melville. New York 11747, New York, in connection with the following matter:

The Huntington Hotel LLC, a New York limited liability company, 0n behalf of itself  and or entities formed on behalf of the foregoing (the “Company”), has requested that the agency assist in (1) the acquisition of the interest in approximately .5 of real estate located at 227 Main Street, In the town of Huntington, Suffolk County, New York (“the Land”); (2) the renovation, equipping and furnishing of an existing approximately 9,5000 square foot building located on the Land (the Existing Facility”) and the construction of approximately 40.000 sq foot addition (“the Addition collectively with the existing Facility, the; and (3)  the acquisition and installation therein and thereon of various machinery and equipment (“the equipment”) to be used as a hotel (the Land, the Facility and the Equipment being collectively referred to as the project).

The Company will be the initial owner of the Project.

In connection with the Project, the Agency will lease the facility from the Company and will sublease the facility back to the Company. The Agency contemplates that it will provide financial  assistance to the Company in the form of exemptions from sales and uses taxes, exemptions from mortgage recording taxes if a mortgage  is required and abatement of  real property taxes  consistent with the policies of  the Agency. A representing of the agency will at the above stated time slated will hear and accept written comments from all persons with views in favor of or opposed to either the proposed financial assistance to the company or the location or the nature of the Project.

Dated: August 16, 20 14

SUFFOLK COUNTY INDUSTRIAL DEVELOPMENT AGENCY

By: Anthooy Catapano

Title: Interim Executive Director

Facebook Comments must be signed into Facebook

2 Responses to NOTICE Of PUBLIC HEARING – For Huntington Hotel Tax Abatement, Tuesday August 26, 2:00 p.m.

  1. Pingback: Huntington Superintendent Polansky Voices Opposition To Hotel Tax Abatement | The Huntingtonian

  2. How many times can school districts afford to lose property tax revenue? This town seems very willing to allow developers to come in and get huge tax breaks off the backs of our children. That, on top of the town itself buying multiple tracts of land and taking them off the tax rolls completely.

    All of this is hurting the rightful tax revenue of every school district within this town. “One-shot” payments by developers to districts might look like a nice gesture but do not cover the real lost revenue over years of actual property tax payments, which districts can count on every year.

    Will the “boutique” hotel by the train station be getting a similar tax break? How about the office building we just heard might be built next to the hotel?

    Where will it end?

    My Town Too
    August 27, 2014 7:44 am at 7:44 am

You must be logged in to post a comment Login