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NOTICE OF PUBLIC HEARING
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NOTICE IS HEREBY GIVEN that a public hearing pursuant to Title 1 of Article 18-A of the New York State General Municipal Law will be held by the Town of Hempstead Industrial Development Agency on the 3rd day of February, 2014, at 9:15 a.m., local time, at 350 Front Street, 2nd Floor, Hempstead, New York in connection with the following matters:
FDR Services Corp. of New York, a business corporation, organized and existing under the laws of the State of New York, on behalf of itself and/or the principals of FDR Services Corp. of New York and/or an entity formed or to be formed on behalf of any of the foregoing (collectively, the “Applicant” and “Sublessee”) has applied to the Town of Hempstead Industrial Development Agency (the “Agency”) to enter into a transaction in which the Agency will assist in (a) the acquisition of an approximately 3.0 acre parcel of land located at 44, 56-64 and 68 Newman’s Court, Village of Hempstead, Town of Hempstead, Nassau County, New York (the “Land”), the renovation and equipping thereon of four (4) existing buildings totaling approximately 90,000 square feet together with improvements, structures and other related facilities (i) attached to the Land, and (ii) not part of the Equipment (the “Improvements”) and the acquisition and installation of certain equipment not part of the Equipment (as such term is defined in Exhibit A to the Equipment Lease Agreement, to be dated a date to be determined (the “Equipment Lease Agreement”), between the Agency and the Sublessee (the “Facility Equipment”; and, together with the Land and Improvements, the “Company Facility”), all to be leased by the Agency to KLM Associates, LLC, a limited liability company, organized and existing under the laws of the State of New York, on behalf of itself and/or the principals of KLM Associates, LLC and/or an entity formed or to be formed on behalf of any of the foregoing (collectively, “KLM”) and R & D Holdings, Inc., a business corporation, organized and existing under the laws of the State of New York, on behalf of itself and/or the principals of R & D Holdings, Inc. and/or an entity formed or to be formed on behalf of any of the foregoing (collectively, “R&D”; and, together with KLM, the “Company”), for further sublease by the Company to, and use by the Sublessee; and (b) the acquisition and installation of the Equipment (the “Equipment”), which Equipment is to be leased by the Agency to the Sublessee (the Company Facility and the Equipment collectively referred to herein as the “Facility”), all to be used by the Sublessee as an industrial facility for the processing and rental of textile and laundry services.  The Facility will be initially owned, operated and/or managed by the Company.
At the end of the lease term, the Company will purchase the Company Facility and the Sublessee will purchase the Equipment from the Agency.  The Agency contemplates that it will provide financial assistance to the Company and the Sublessee in the form of exemptions from mortgage recording taxes in connection with the financing or any subsequent refinancing of the Facility, exemptions from sales and use taxes and abatement of real property taxes, consistent with the policies of the Agency. 

A representative of the Agency will, at the above-stated time and place, hear and accept written comments from all persons with views in favor of or opposed to either the proposed financial assistance to the Company and the Sublessee or the location or nature of the Facility.  At the hearing, all persons will have the opportunity to review the application for financial assistance filed by the Company and the Sublessee with the Agency and an analysis of the costs and benefits of the proposed Facility.
Dated:  January 15, 2014
TOWN OF HEMPSTEAD INDUSTRIAL DEVELOPMENT AGENCY
By:	Frederick E. Parola
Title:	Executive Director 
and Chief Executive Officer