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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 22nd day of April, 2014, at 9:30 a.m., local time, at 350 Front Street, 2nd Floor, Hempstead, New York in connection with the following matters:
Parabit Systems, 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 Parabit Systems, Inc. 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 the acquisition of a parcel of land located at 2677 Grand Avenue, Bellmore, New York (the “Land”), the renovation and equipping thereon of an approximately 6,400 square foot two-story cement block building together with improvements, structures and other related facilities (the “Improvements”; and, together with the Land, the “Facility”), all to be leased by the Agency to 1Serv Realty, 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 1Serv Realty, LLC and/or an entity formed or to be formed on behalf of any of the foregoing (collectively, the “Company”), for further sublease by the Company to, and used by the Sublessee for the manufacture and servicing of security, telecommunication, kiosks and enclosure equipment.  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 Facility 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 with the Agency and an analysis of the costs and benefits of the proposed Facility.
Dated:  April 9, 2014
TOWN OF HEMPSTEAD INDUSTRIAL DEVELOPMENT AGENCY

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