______________________________
NOTICE OF PUBLIC HEARING
______________________________

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 1st day of October, 2014, at 10:00 a.m., local time, at 350 Front Street, 2nd Floor, Hempstead, New York in connection with the following matters:
The Agency has previously provided assistance in the acquisition of a leasehold interest in an approximately 14.5 acre parcel of land located at 101 James Doolittle Boulevard, Uniondale, Town of Hempstead, Nassau County, New York (the “Land”), and the renovation, reconstruction and equipping of an existing 618 room eleven-story hotel located thereon and known as the Long Island Marriott (the “Improvements” and “Equipment”), totaling approximately 436,236 square feet and currently leased by the Agency to Lighthouse Hotel Development I, LLC, a Delaware limited liability company authorized to transact business in the State of New York, having an office at 1535 Old Country Road, Plainview, New York 11803 (“Lighthouse”) and used by the Lighthouse to provide a full range of services to the business and leisure traveler visiting the Town of Hempstead (the Land together with the Improvements and Equipment, the “Facility”).  The Agency previously consented to a request from Lighthouse to consent to the assignment and assumption of the Lighthouse’s leasehold and sub-subleasehold interest in the Facility to Rex Uniondale Hotel LLC (“Rex Uniondale”), whose sole member is Coliseum Realty Co. LLC (“Coliseum Realty”), and the sole member of Coliseum Realty is RXR (collectively, “Rex Uniondale”), and the Agency also consented to a subsequent request by Rex Uniondale to the transfer of ownership and control of Coliseum Realty and Rex Uniondale by RXR to CBW Hotel LLC (“CBW Hotel”).
101 Uniondale, L.P., a limited partnership on behalf of itself and/or the principals of 101 Uniondale, L.P. 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 CBW Hotel of all of its rights, title, interest and obligations under the Lease Agreement, dated December 28, 2005, as amended and assigned (collectively, the “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 CBW Hotel, and the release of CBW Hotel from any further liability with respect to the Facility under the 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 the continuation of the existing 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 21st, 2014	TOWN OF HEMPSTEAD INDUSTRIAL DEVELOPMENT AGENCY
By:	Frederick E. Parola
Title:	Executive Director 
and Chief Executive Officer