Public Hearing – SM NY QRS 14-93 Inc.

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NOTICE OF PUBLIC HEARING

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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 SM NY QRS 14-93 Inc., a Delaware limited liability company, on behalf of itself and/or the principals of SM NY QRS 14-93 Inc. and/or any entity or entities formed on behalf of SM NY QRS 14-93 Inc. or any of the foregoing (collectively, the “Company”), with respect to a project (the “Project”) consisting of (i) the demolition of an approximately 28,636 square foot portion of a building and (ii) the renovation and equipping of an approximately 243,000 square foot building located on that certain approximately 16.97 acre lot, piece or parcel of land located at 1000 New Horizons Boulevard in Amityville, New York (the “Facility”) in the Town of Babylon, New York (the “Town”), all for use as a warehousing and distribution facility by one or more tenants yet to be determined.

Pursuant to applicable State Law, the Agency proposes to grant certain financial assistance with respect to the Facility, including certain exemptions from mortgage recording tax (if any), New York State and local sales and use taxes, and an abatement from real property taxes on the Facility as shall be determined by the Agency.  Pursuant to the Act, the Facility, which is owned by the Company, will be leased to the Agency and shall be subleased to the Company and shall be further subleased and operated by one or more tenants yet to be determined.

Company: SM NY QRS 14-93 Inc., One Manhattan West, 395 9^th Avenue, 58^th Floor, New York, New York.

Facility Location is: 1000 New Horizons Boulevard in Amityville, New York.

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 February 24, 2026, at 1:00 P.M. at the Old Town Hall, 47 West Main Street in Babylon, New York 11702.

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 “SM NY QRS 14-93 Inc.” and you will find the application for “SM NY QRS 14-93 Inc.” for the year 2026. 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 financial assistance to be granted thereto should contact the Town of Babylon Industrial Development Agency, 47 West Main Street, Babylon, New York 11702; Attention: Keith Davies, Chief Executive Officer, at (631) 587-3679 on or before February 24, 2026 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/@babylonida3966).