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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 (“the Agency”) on the 8th day of October, 2014, at 9:30 a.m., local time, at Lynbrook Village Hall, One Columbus Drive, Lynbrook, New York in connection with the following matters:
The Agency has previously provided assistance to PC 444 L.L.C., a limited liability company, organized and existing under the laws of the State of New York, JR 444 L.L.C., a limited liability company, organized and existing under the laws of the State of New York, LS 444 L.L.C., a limited liability company, organized and existing under the laws of the State of New York and 444 Merrick Realty LLC, a limited liability company, organized and existing under the laws of the State of New York (each, a Tenant-in-Common “TIC” and collectively, the “Original Company”) in which the Agency assisted in the acquisition of an approximately 2.9 acre parcel of land located at 444 Merrick Road, Village of Lynbrook, Town of Hempstead, Nassau County, New York (the “Land”), the renovation and equipping of an existing 5-story building totaling approximately 105,000 square feet located thereon including, but not limited to, flooring, painting, upgrades to electrical, plumbing, lighting, exterior sidewalk, landscaping, parking lot repair and lighting upgrades (collectively, the “Improvements”; and, together with the Land, the “Facility”), which is leased by the Agency to the Company, and subleased by the Company to various tenants including, but not limited to, medical office services and surgery center servicing, for use as a multi-tenant office building. 
HP Lynbrook, LLC, a limited liability company on behalf of itself and/or the principals of HP Lynbrook, LLC and/or an entity formed or to be formed on behalf of any of the foregoing (collectively, the “Applicant” and “Company”), has now requested the Agency’s consent to the assignment by the Original Company of all of its rights, title, interest and obligations under the Original Lease Agreement and certain other agreements in connection with the Facility to the Company, and the assumption by the Company of all such rights, title, interest and obligations of the Original Company, and the release of the Original Company from any further liability with respect to the Facility under the Original Lease Agreement subject to certain requirements of the Agency.  The Facility will be initially owned, operated and/or managed by the Company.
The Agency contemplates that it will provide financial assistance to the Company 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 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 with the Agency and an analysis of the costs and benefits of the proposed Facility.
Dated:  September 26, 2014
TOWN OF HEMPSTEAD INDUSTRIAL DEVELOPMENT AGENCY

By:	Frederick E. Parola
Title:	Executive Director 
and Chief Executive Officer