Public Hearing – Avalon Bay Communities Inc. / BH Realty Group, LLC

NOTICE OF PUBLIC HEARING

NOTICE is hereby given pursuant to Article 18-A of the General Municipal Law of the State of New York (the “Act”), that the Town of Babylon Industrial Development Agency (the “Agency”), will hold a public hearing on the proposed granting of additional financial assistance to Avalon Bay Communities Inc., a corporation organized and existing under the laws of the State of Maryland (on behalf of itself and/or the principals of Avalon Bay Communities Inc. and/or any entity or entities formed on behalf of Avalon Bay Communities Inc. or any of the foregoing (collectively, the “Company”)) and BH Realty Group, LLC, a limited liability company organized and existing under the laws of the State of New York, or any other real estate holding entity formed by the principals of the Company (collectively, the “Owner”) with respect to a project (the “Project”) consisting of the acquisition, construction and equipping of a multi-family residential rental apartment complex containing approximately 317 rental units, 21 townhouse units, related parking and related amenities comprised approximately 401,000 square feet to be located on that certain approximately 7.68 acre lot, piece or parcel of land generally known as 366 Broadway in Amityville, New York (the “Facility”), all for use by the Company as a residential rental apartment complex.

Pursuant to applicable State Law, the Agency proposes to grant certain financial assistance with respect to the Facility including certain additional exemptions from New York State sales and use taxation as shall be determined by the Agency.  Pursuant to the Act, the Facility, which is to be owned by the Owner and/or the Company, will be leased to the Agency, shall be further leased to the Owner and/or the Company, to the extent leased to the Owner, shall be further subleased by the Owner to the Company, and operated by the Company.

Company:  Avalon Bay Communities Inc., 58 South Service Road, Melville, New York 11747.

Owner:  BH Realty Group, LLC, 366 Broadway, Amityville, New York 11701.

Public Hearing:  All persons, organizations, corporations or governmental agencies are invited to submit comments concerning the granting of additional financial assistance. The hearing will be held on September 19, 2023 at 12:00 P.M. at 21 Ireland Place, 3^rd Floor, Amityville, New York 11701.

Project Application:  The Project Application together with a costs benefit analysis with respect to the Facility shall be available for inspection by the public at the office of the Agency at the above specified address during the regular business hours of the Agency. For those members of the public desiring to review project applications and cost benefit analyses before the date of the hearing, copies of these materials will be made available at https://babylonida.org/documents. Click on the search bar and enter into the search bar “AvalonBay Communities, Inc.” and you will find the application for “AvalonBay Communities, Inc.” for the year 2021. Be advised that it is possible that certain of the aforementioned proposed transactions may be removed from the hearing agenda prior to the hearing date. Information regarding such removals will be available on the Agency’s website www.babylonida.org/news-events at on or about 12:00 P.M. of the day prior the hearing.

Participation at the Hearing:  Persons desiring to submit comments concerning the Facility and the additional financial assistance to be granted thereto should contact the Town of Babylon Industrial Development Agency, 47 West Main Street, Babylon, New York Attention: Thomas E. Dolan, Chief Executive Officer, at (631) 587-3679 on or before September 18, 2023 at the office of the Agency.  Written comments can be submitted prior to the hearing at that address.  The Agency reserves the right to limit the time available to any person presenting comments. If you do not want to participate in the hearing, but would like to watch or listen to the proceeding, you may view a livestream of the meeting.  Interested parties may view a livestream of the meeting online on the Town of Babylon IDA’s YouTube channel.  To access the YouTube channel go to the IDA’s website at www.babylonida.org/documents. The second item under the heading titled “Documents”, click this tab and follow the link provided. If you would like to access the IDA YouTube page directly from your browser you may insert the following World Wide Web address:

(https://www.youtube.com/channel/UCqq5ixdV_-nmsmvSOsD4KnA?view_as=subscriber)