Public Hearing – Fairfield Knolls at Deer Park Owner LLC

LEGAL NOTICE

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 financial assistance to Fairfield Knolls at Deer Park Owner LLC, a New York limited liability company (on behalf of itself and/or the principals of Fairfield Knolls at Deer Park Owner LLC. and/or any entity or entities formed on behalf of Fairfield Knolls at Deer Park LLC or any other foregoing,  (collectively, the “Company”)), with respect to an existing project (the “Project”) consisting of the acquisition, by the Company of a 200-unit 55 and older multi-family rental community located on that certain approximately 9.77 acre lot, piece or parcel of land having an address of 500 Sutton Court in Deer Park generally known as Sutton Landing at Deer Park (the “Facility”), all for use by the Company in its residential rental apartment housing business.

The Company will acquire the Facility from Engel Burman at Deer Park LLC.  Pursuant to such acquisition the Company will assume the obligation of Engel Burman at Deer Park LLC to the Agency with respect to the Facility and the Agency will continue to provide certain financial assistance to the Facility including certain exemptions from local real property taxation as shall be determined by the Agency.

Company: Fairfield Knolls at Deer Park Owner LLC c/o Fairfield Properties, 538 Broadhollow Road, Melville, New York 11747.

Facility location is: 500 Sutton Court in Deer Park New York 11729.

Public Hearing:  All persons, organizations, corporations or governmental agencies are invited to submit comments concerning the granting of financial assistance. The hearing will be held on September 5, 2023 at 1:00 P.M. at the Old Town Hall 47 West Main Street in Babylon, New York 11702.

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/calendar 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 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 4, 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 on the documents page is titled “Meeting Videos and Livestream”, 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/UCqq5ixdVnmsmvSOsD4KnA?view_as=subscriber)