BUILD NYC RESOURCE CORPORATION
NOTICE OF PUBLIC HEARING
The Build NYC Resource Corporation (the “Corporation”) is a not-for-profit local development corporation organized under Sections 402 and 1411 of the Not-for-Profit Corporation Law of the State of New York. In accordance with the aforesaid law, and pursuant to its certificate of incorporation, the Corporation has the power to issue non-recourse revenue bonds and to make the proceeds of those bonds available for projects that promote community and economic development in The City of New York (the “City”), and to thereby create jobs in the non-profit and for-profit sectors of the City’s economy. The Corporation has been requested to issue such bonds for the financings listed below in the approximate dollar amounts respectively indicated. As used herein, “bonds” are the bonds of the Corporation, the interest on which may be exempt from local and/or state and/or federal income taxes; and, with reference to the bond amounts provided herein below, “approximately” shall be deemed to mean up to such stated bond amount or a greater principal amount not to exceed 10% of such stated bond amount. All square footage amounts and wage information shown below are approximate numbers.
Borrower Name: Brooklyn United Methodist Church Home (the “Institution”), a New York not-for-profit corporation exempt from federal taxation pursuant to Section 501(c)(3) of the Internal Revenue Code of 1986, as amended, as borrower. Financing Amount: Approximately $7,600,000 in tax-exempt revenue bonds. Project Description: Proceeds of the bonds, together with other funds of the Institution will be used to: (1) refinance New York City Industrial Development Agency Civic Facility Revenue Bonds, Series 2001 (Brooklyn United Methodist Church Home Project) in the approximate amount currently outstanding of $3,800,000, the proceeds of which were used to (i) refinance taxable debt incurred by the Institution for the acquisition of a 42,000 square foot skilled nursing home for elderly residents with 120 beds located on a 75,681 square foot parcel of land located at 1485 Dumont Avenue, Brooklyn, New York 11208 (the “Facility”), (ii) finance the renovation of the Facility and the 15,000 square foot expansion to the Facility; and (iii) finance the renovation, furnishing and equipping of the first floor of the Facility, encompassing 10,000 square feet of space to be used as a dialysis center; (2) finance the acquisition, renovation, furnishing and equipping of the first floor comprising 15,189 square feet (the “New Facility”) in a 45,565 square foot building located on a 40,500 square foot parcel of land located at 2775 Linden Boulevard, Brooklyn, New York 11208; and (3) pay certain costs of issuance of the bonds. The Facility is owned and operated by the Institution. The New Facility will be owned and operated by the Institution as an adult day care center. Addresses: 1485 Dumont Avenue, Brooklyn, New York 11208 and 2775 Linden Boulevard, Brooklyn, New York 11208. Type of Benefits: Tax-exempt bond financing and exemption from City and State mortgage recording taxes. Total Project Cost: $7,200,000. Projected Jobs: 0 existing full time equivalent jobs, 36 new full time equivalent jobs projected. Hourly Wage Average and Range: $38.16/hour, estimated range of $17.02/hour to $109.20/hour.
Borrower Name: Com Affiliation, Inc. (the “Institution”), a New York not-for-profit corporation exempt from federal taxation pursuant to Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the “Code”), and an affiliate of Montefiore Medicine Academic Health System Inc., a New York not-for-profit corporation exempt from federal taxation pursuant to Section 501(c)(3) of the Code. Financing Amount: Approximately $176,900,000 in tax-exempt revenue bonds. Project Description: Proceeds from the bonds will be used by the Institution to: (a) acquire certain assets of Yeshiva University, a New York education corporation exempt from federal taxation pursuant to Section 501(c)(3) of the Code (“Yeshiva”), that relate to Albert Einstein College of Medicine (“Einstein”), a division of Yeshiva, including certain facilities associated with Einstein (as described in more detail below, the “Einstein Facilities”), and, in connection with such acquisition, some or all of the following indebtedness which is associated with the Einstein Facilities and other facilities of Yeshiva, not including the Einstein Facilities (the “Yeshiva Facilities”) are expected to be refinanced: (i) Dormitory Authority of the State of New York (“DASNY”) Yeshiva University Insured Revenue Bonds, Series 2004 in the original principal amount of $100,000,000, the proceeds of which were used to finance one or more of the below listed facilities: (1) the construction and equipping of a new approximately 201,000 square-foot, five-story biomedical facility to be known as the Block Research Pavilion which will house the Price Center for Genetic and Translational Medicine located adjacent to the Jack and Pearl Resnick Campus of Einstein, centered at 1300 and 1301 Morris Park Avenue, Bronx, New York; together with the modernization of Einstein's existing boiler plant and distribution system to accommodate the new and adjacent facilities; (2) the renovation and equipping of existing facilities for Belfer Hall located at 2495 Amsterdam Avenue, New York, NY, including, but not limited to, (A) the replacement, rehabilitation, modernization and upgrade of laboratory space, freight elevators and the heating, ventilation, air condition and electrical systems, (B) the installation of emergency generators for the elevators, fire and emergency communications systems and a sprinkler system and (C) the installation of a fire alarm voice communication system; (3) the renovation and equipping of existing facilities for Rubin Hall located at 2501 Amsterdam Avenue, New York, NY, including, but not limited to, (A) the replacement, rehabilitation, modernization and upgrade of shower rooms and bathrooms, the control system servicing the gymnasium, a new weight/exercise room and the heating, ventilation, air condition and electrical systems, (B) the installation of emergency generators for the elevators, fire, food service refrigeration and emergency communications systems and a sprinkler system; (C) the installation of a fire alarm voice communication system; (4) the renovation and equipping of existing facilities for Morgenstern Hall located at 2525 Amsterdam Avenue, New York, NY, including, but not limited to, the replacement, rehabilitation, modernization and upgrade of the heating, ventilation, air condition and electrical systems and a sprinkler system; (5) the renovation and equipping of existing facilities for Strenger Hall located at 2521 Amsterdam Avenue, New York, NY, including, but not limited to, the installation of a fire alarm voice communication system and the installation of a sprinkler system; (6) the renovation and equipping of existing facilities for Muss Hall located at 526 West 187th Street, New York, NY, including, but not limited to, the replacement, rehabilitation, modernization and upgrade of the heating, ventilation, air condition and electrical systems and the installation of a sprinkler system; (7) the renovation, exterior expansion and equipping of facilities for Gottesman Library located at 2520 Amsterdam Avenue, New York, NY and 519 West 185th Street, New York, NY, including, but not limited to, the replacement, rehabilitation, modernization and upgrade of the heating, ventilation, air condition and electrical system, elevator modernization, design and build of a state-of-the-art student study and research space and the installation of a fire alarm voice communication system; (8) the major renovation and equipping of existing residential facilities located at 2461 Amsterdam Avenue, New York, NY; (9) the acquisition and renovation and equipping of an existing garage facility located at 2479 Amsterdam Avenue, New York, NY and an existing residence facility located at 559 West 185th Street, New York, NY; (10) the renovation and equipping of existing facilities located at 245-253 Lexington Avenue, New York, NY, including, but not limited to, the expansion of the smoke detection system and the installation of a fire alarm voice communication system, the replacement, rehabilitation, modernization and upgrade of the heating, ventilation, air condition and electrical systems, the replacement of the roof and alterations of the main lobby and administrative offices; (11) the renovation and equipping of existing facilities located at 215 Lexington Avenue, New York, NY, including, but not limited to, the replacement, rehabilitation, modernization and upgrade of the heating, ventilation, air condition and electrical systems; (12) the renovation and equipping of existing facilities for Brookdale Hall located at 50 East 34th Street, New York, NY including, but not limited to, the replacement, rehabilitation, modernization and upgrade of the heating, ventilation, air condition and electrical systems and the installation of a sprinkler system; (13) the renovation and equipping of existing facilities for the Schottenstein Cultural Center located at 237 East 34th Street, New York, NY; (14) the renovation and equipping of existing facilities located at 55 Fifth Avenue, New York, NY, including, but not limited to, window replacement and the replacement, rehabilitation, modernization and upgrade of the existing elevator system; (15) the acquisition, renovation, equipping and upgrading of condominium apartments for graduate housing located at 15 East 11th Street, New York, NY; (16) the renovation of the Campus Reception Area (parking areas “D” and “E”) located on Amsterdam Avenue between West 182nd and West 183rd Street, New York, NY, including, but not limited to, upgrade of the security booth area and the construction and equipping of a guest reception area; (17) the renovation and equipping of existing facilities located at 500 West 185th Street, New York, NY, including, but not limited to, the installation of the fire alarm system, the replacement, rehabilitation, modernization and upgrade of the heating, ventilation, air condition and electrical systems, the replacement of the roof, the acquisition and installation of window replacements and the upgrade of the existing elevator; (ii) DASNY Yeshiva University Revenue Bonds, Series 2009, in the original principal amount of $140,820,000, the proceeds of which were used to finance one or more of the below listed facilities: (1) the acquisition, construction, renovation, and equipping of a new, approximately 60,000 sq. ft., 6-story mixed use building, the Glueck Center, located at 515 West 185th Street, New York, NY, to include lecture halls, classrooms, offices, conference and seminar rooms, student and faculty lounges, archival storage space and common areas; (2) the renovation, improvement, and equipping of existing facilities located at Yeshiva’s Bronx campus, centered at 1300 and 1301 Morris Park Avenue, Bronx, New York, including but not limited to the installation of information technology facilities; (3) the acquisition, potential demolition, renovation, improvement, repair and equipping of existing residential facilities located at 2461 Amsterdam Avenue, New York, NY; (4) the acquisition, construction, renovation, improvement, repair and equipping of the exterior and/or interior of existing facilities located at: (A) 403 Audubon Avenue, New York, NY; (B) 407 Audubon Avenue, New York, NY; (C) 24-36 Laurel Hill Terrace, New York, NY; (D) 497 West 182nd Street, New York, NY; (E) 501 West 184th Street, New York, NY; (F) 521 West 185th Street, New York, NY; (G) 551 West 185th Street, New York, NY; (H) 556 West 185th Street, New York, NY; (I) 475 West 186th Street, New York, NY; (J) 251 Lexington Avenue, New York, NY; (K) 90 Laurel Hill Terrace, New York, NY; (L) 480 West 187th Street, New York, NY; (M) 2498 Amsterdam Avenue, New York, NY; (N) 150 East 35th Street, New York, NY; (O) 2479 Amsterdam Avenue, New York, NY; (P) 2469 Amsterdam Avenue, New York, NY; (Q) 2495 Amsterdam Avenue, New York, NY; (R) 2496 Amsterdam Avenue, New York, NY; (S) 2501 Amsterdam Avenue, New York, NY; (T) 2520 Amsterdam Avenue, New York, NY; (U) 2521 Amsterdam Avenue, New York, NY; (V) 2525 Amsterdam Avenue, New York, NY; (W) 500 West 185th Street, New York, NY; (X) 215 Lexington Avenue, New York, NY; (Y) 245 Lexington Avenue, New York, NY; (Z) 253 Lexington Avenue, New York, NY; (AA) 55 Fifth Avenue, New York, NY; (BB) 15 East 11th Street, New York, NY; (CC) 119 East 29th Street, New York, NY; (DD) 50 East 34th Street, New York, NY; (EE) 237 East 34th Street, New York, NY; (FF) 151 East 36th Street, New York, NY; (GG) 86-86 Palo Alto Street, Holliswood, NY; (HH) 1300 Morris Park Avenue, Bronx, NY; (II) 1301 Morris Park Avenue, Bronx, NY; (JJ) 1225 Morris Park Avenue, Bronx, NY; (KK) 1201 Morris Park Avenue, Bronx, NY; (LL) 1165 Morris Park Avenue, Bronx, NY; (MM) 1579 Rhinelander Avenue, Bronx, NY; (NN) 1200 Van Nest Avenue, Bronx, NY; (OO) 1250 Morris Park Avenue, Bronx, NY; (PP) 1910 Seminole Avenue, Bronx, NY; (QQ) 1865 Eastchester Road, Bronx, NY; (RR) 1199 Sackett Avenue, Bronx, NY; (SS) 1731 Seminole Avenue, Bronx, NY; (5) the refinancing of debt incurred to acquire and maintain certain of the facilities listed above in clause (a)(ii)(4); and (6) refunding of the DASNY Yeshiva University Insured Revenue Bonds, Series 1998 which financed: (A) the acquisition, reconstruction, improvement and equipping of condominiums comprising a substantial portion of the residential housing units in the building located at 15 East 11th Street, New York, NY, to be used as housing for students and faculty of Yeshiva; and (B) the renovation, rehabilitation, refurbishing and equipping of Yeshiva's Brookdale Center, a condominium in the building located at 55 Fifth Avenue, New York, NY, which houses Yeshiva’s Cardozo School of Law; and (iii) DASNY Yeshiva University Revenue Bonds, Series 2011, in the original principal amount of $90,000,000, the proceeds of which were used to finance one or more of the below listed facilities: (1) the renovation, improvement, repair and equipping of the exterior and/or interior of existing facilities located at the following addresses, including the refinancing of certain taxable debt that financed such expenditures: (A) 1855 Eastchester Road, Bronx, NY; (B) 1845 Eastchester Road, Bronx, NY; (C) 1859 Eastchester Road, Bronx, NY; (D) 1865 Eastchester Road, Bronx, NY; (E) 2035 Eastchester Road, Bronx, NY; (F) 2025 Eastchester Road, Bronx, NY; (G) 1300 Morris Park Avenue, Bronx, NY; (H) 1250 Morris Park Avenue, Bronx, NY; (I) 1165 Morris Park Avenue, Bronx, NY; (J) 1301 Morris Park Avenue, Bronx, NY; (K) 1225 Morris Park Avenue, Bronx, NY; (L) 1200 Van Nest Avenue, Bronx, NY; (M) 1731 Seminole Avenue, Bronx, NY; (N) 1579 Rhinelander Avenue, Bronx, NY; (O) 1915 Eastchester Avenue, Bronx, NY; (P) 1410 Pelham Parkway South, Bronx, NY; (Q) 1199 Sackett Avenue, Bronx, NY; (R) 1510 Waters Place, Bronx, NY; (S) 1201 Morris Park Avenue, Bronx, NY; (T) 1910 Seminole Avenue, Bronx, NY; (U) 215 Lexington Avenue, New York, NY; (V) 2525 Amsterdam Avenue, New York, NY; (W) 2501 Amsterdam Avenue, New York, NY; (X) 526 West 187th Street, New York, NY; (Y) 2520 Amsterdam Avenue, New York, NY; (Z) 403 Audubon Avenue, New York, NY; (AA) 407 Audubon Avenue, New York, NY; (BB) 24-36 Laurel Hill Terrace, New York, NY; (CC) 497 West 182nd Street, New York, NY; (DD) 501 West 184th Street, New York, NY; (EE) 521 West 185th Street, New York, NY; (FF) 551 West 185th Street, New York, NY; (GG) 556 West 185th Street, New York, NY; (HH) 475 West 186th Street, New York, NY; (II) 251 Lexington Avenue, New York, NY; (JJ) 90 Laurel Hill Terrace, New York, NY; (KK) 480 West 187th Street, New York, NY; (LL) 2498 Amsterdam Avenue, New York, NY; (MM) 150 East 35th Street, New York, NY; (NN) 2479 Amsterdam Avenue, New York, NY; (OO) 2469 Amsterdam Avenue, New York, NY; (PP) 2495 Amsterdam Avenue, New York, NY; (QQ) 2496 Amsterdam Avenue, New York, NY; (RR) 2521 Amsterdam Avenue, New York, NY; (SS) 500 West 185th Street, New York, NY; (TT) 245 Lexington Avenue, New York, NY; (UU) 253 Lexington Avenue, New York, NY; (VV) 55 Fifth Avenue, New York, NY; (WW) 15 East 11th Street, New York, NY; (XX) 119 East 29th Street, New York, NY; (YY) 50 East 34th Street, New York, NY; (ZZ) 151 East 36th Street, New York, NY; (AAA) 2461 Amsterdam Avenue, New York, NY; and (BBB) 515 West 185th Street, New York, NY; (2) the refunding of a portion of DASNY’s outstanding Yeshiva University Insured Revenue Bonds, Series 2001, the proceeds of which were used, in addition to other purposes, to (A) refund DASNY’s Yeshiva University Insured Revenue Bonds, Series 1994, the proceeds of which were used, in addition to other purposes, to construct and equip a biomedical research facility at Yeshiva's Jack and Pearl Resnick Campus of Einstein located at 1859 Eastchester Road, Bronx, NY, and (B) to finance or refinance the acquisition, construction, renovation, improvement, repair and equipping of existing and new facilities located at the following addresses: (s) 245 Lexington Avenue, New York, NY; (t) 150 East 35th Street, New York, NY; (u) 151 East 36th Street, New York, NY; (v) 119 East 29th Street, New York, NY; (w) 253 Lexington Avenue, New York, NY; (x) 215 Lexington Avenue, New York, NY; (y) 515 West 185th Street (between Amsterdam and Audubon Avenues), New York, NY; and (z) 2461 Amsterdam Avenue, New York, NY; (b) finance the acquisition of certain information technology systems located at the Einstein Facilities; (c) fund any required debt service reserve fund; and (d) pay for certain costs related to the issuance of the bonds. The maximum amount of the bonds that may be issued is $176,900,000 (subject to the 10% adjustment described above) and of this amount, no more than $176,900,000 may be issued with respect to the Einstein Facilities and no more than $100,000,000 may be issued with respect to the Yeshiva Facilities. The Einstein Facilities will be owned and/or operated by the Institution and used as a medical college. The Yeshiva Facilities described above will be owned and/or operated by Yeshiva and used as college and graduate school facilities. For the purposes of this notice, the Einstein Facilities include the facilities described in clauses (a)(i)(1), (a)(ii)(2), (a)(ii)(4)(HH) through (SS), inclusive, (a)(iii)(1)(A) through (T), inclusive, and (a)(iii)(2)(A), together with the following facilities or properties: (A) the portion of the Newport Parking Lot located at 1228 Morris Park Avenue, Bronx, NY, (B) the portion of the Newport Parking Lot together with unimproved land located at 1217 Van Nest Avenue, Bronx, NY, (C) the portion of the Newport Parking Lot together with unimproved land located at 1219 Van Nest Avenue, Bronx, NY, (D) vacant houses located at 1211 Van Nest Avenue, 1213 Van Nest Avenue and 1215 Van Nest Avenue, Bronx, NY, (E) the Palma II Maintenance Garage and Parking Lot located at 1844, 1846, 1848, 1850, 1852 Eastchester Rd, Bronx, NY, (F) the Palma II Storage Building and Parking Lot located at 1864 Eastchester Rd, Bronx, NY, (G) the house located at 1193 Sackett Avenue, Bronx, NY, (H) the vacant lot located at 1190 Pierce Ave, Bronx, NY, (I) post-doc apartments located at 2100 Eastchester Rd, Bronx, NY and 1651 Williamsbridge Rd, Bronx, NY, (J) the Hispanic Community Health Center located at 1 Fordham Plaza, Bronx, NY, and (K) the OB - Women's Health Initiative located at 1695 Eastchester Rd, Bronx, NY. The facilities described in clauses (a)(i)(1), (a)(ii)(2), (a)(ii)(4)(II), (a)(ii)(4)(PP), (a)(ii)(4)(JJ), (a)(iii)(1)(T), (a)(iii)(1)(K), (a)(iii)(1)(E), (a)(iii)(1)(F), (a)(iii)(1)(J), (a)(iii)(1)(O) and (a)(iii)(1)(P) and in clauses (I), (J) and (K) of the description of the Einstein Facilities are located on property leased by the Institution. Addresses: As listed above. Type of Benefits: Tax-exempt bond financing and exemption from City and State mortgage recording taxes. Total Project Cost: $176,900,000 million. Projected Jobs: 2,363.5 existing full time equivalent jobs. Hourly Wage Average and Range: $39.53/hour, estimated range of $8.75/hour to $369.23/hour.
Borrower Name: La Scuola D’Italia-Guglielmo Marconi (the “School”), a New York not-for-profit education corporation exempt from federal taxation pursuant to Section 501(c)(3) of the Internal Revenue Code of 1986, as amended, as borrower. Financing Amount: Approximately $76,000,000 in tax-exempt revenue bonds. Project Description: Proceeds of the tax-exempt bonds, together with other funds of the School, will be used to: (1) finance the acquisition, renovation, furnishing and equipping of an approximately 102,233 square foot building located on an approximately 10,000 square foot parcel of land located at 432 W. 58th Street, New York, New York 10019 (the “New Facility”); (2) refinance a bridge loan in the approximate amount currently outstanding of $5,000,000, the proceeds of which were used to finance a portion of the down payment in connection with the acquisition of the New Facility; (3) finance capitalized interest; and (4) pay certain costs relating to the issuance of the bonds and other costs relating to the New Facility. The School currently operates an elementary and secondary school on Manhattan’s Upper East Side, offering an English and Italian bilingual and bi-curricular program. The School also operates a nursery school for preschool children and a kindergarten. The School intends to consolidate its current operations and use the New Facility for its elementary, secondary, preschool and kindergarten programs. Address: 432 West 58th Street, New York, New York 10019. Type of Benefits: Tax-exempt bond financing and exemption from City and State mortgage recording taxes. Total Project Cost: $76,000,000. Projected Jobs: 62 existing full time equivalent jobs currently, 98 new full time equivalent jobs projected. Hourly Wage Average and Range: $43.23/hour, estimated range of $22.26/hour to $135.66/hour.
Borrower Name: Metropolitan Montessori School (the “School”), a New York not-for-profit education corporation exempt from federal taxation pursuant to Section 501(c)(3) of the Internal Revenue Code of 1986, as amended, as borrower. Financing Amount: Approximately $17,800,000 in tax-exempt revenue bonds. Project Description: Proceeds of the bonds, together with other funds of the School will be used to (1) currently refund Build NYC Resource Corporation Revenue Bonds (2012 Metropolitan Montessori School Project) (the “2012 Bonds”) in the currently outstanding approximate amount of $7,490,000, the proceeds of which were used to refinance a mortgage loan incurred by the School for the acquisition, renovation, equipping and furnishing of 16,709-square-foot, six-floor building located on a 5,109 square-foot parcel of land located at 325 West 85th Street, New York, New York (the “Facility”); (2) refinance a mortgage loan in the currently outstanding approximate amount of $2,200,000, the proceeds of which were used to acquire a 6,984-square-foot, five-floor building located on a 1,737-square-foot parcel of land located at 315 West 85th Street, New York, New York 10024 (the “Expansion Facility”); (3) finance a portion of the renovation of the Facility and the Expansion Facility for the approximate amount of $10,000,000; (4) finance prepayment penalties in connection with the redemption of the 2012 Bonds in the approximate amount of $236,000; and (5) pay certain costs related to the issuance of the bonds. The facilities described herein are owned and operated by the School as an independent preschool and elementary school. Addresses: 315 and 325 West 85th Street, New York, New York 10024. Type of Benefits: Tax-exempt bond financing. Total Project Cost: $22,360,000. Projected Jobs: 43.5 existing full time equivalent jobs, 3 new existing full time equivalent jobs projected. Hourly Wage Average and Range: $43.98/hour, estimated range of $21.43/hour to $162.50/hour.
Borrower Name: Yeshivah of Flatbush (the “School”), a New York not-for-profit education corporation exempt from federal taxation pursuant to Section 501(c) (3) of the Internal Revenue Code of 1986, as amended, as borrower. Financing Amount: Approximately $28,000,000 in tax-exempt revenue bonds. Project Description: Proceeds from the bonds, together with other funds of the School, will be used to: (i) finance and/or refinance a portion of the costs of construction, renovation, equipping and/or furnishing of a 25,000 square foot building (the “Extension Facility”) which will be connected to the existing 100,000 square foot Joel Braverman High School building (the “Existing Facility”) both located on a 44,000 square foot parcel of land located at 1609 Avenue J, Brooklyn, New York 11230 (the “Land”); (ii) refinance the acquisition of the Land and/or the acquisition, construction and equipping of the Existing Facility; (iii) finance and/or refinance a portion of the costs of renovations, improvements, equipment, and upgrades to the Existing Facility; and (iv) pay for certain costs related to the issuance of the bonds. The facilities described herein will be owned and operated by the School and used to provide private educational services for students in Grades 9 through 12. Address: 1609 Avenue J, Brooklyn, New York 11230. Type of Benefits: Tax-exempt bond financing. Total Project Cost: $32,971,000. Projected Jobs: 325 existing full time equivalent jobs, 7.5 full time equivalent jobs projected. Hourly Wage Average and Range: $32.91/hour, estimated range of $11.00/hour to $131.73/hour.
For any updates to project information after the date of this notice, please visit the website of New York City Economic Development Corporation at www.nycedc.com/buildnyc-project-info.
Pursuant to Internal Revenue Code Section 147(f), the Corporation will hold a public hearing on the proposed financings described hereinabove at the offices of the New York City Economic Development Corporation (“NYCEDC”), located at 110 William Street, 4th Floor, New York, New York 10038, commencing at 10:00 A.M. on Thursday, June 4th, 2015. Interested members of the public are invited to attend. The Corporation will invite comments at such hearing on the proposed financings. In addition, at such hearing the Corporation will provide the public with an opportunity to review the financing application and the cost-benefit analysis for each of the proposed financings. 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, starting on or about fourteen (14) days prior to the hearing. Persons desiring to obtain copies of these materials may visit the website of New York City Economic Development Corporation at www.nycedc.com or may call (212) 312-3598. Persons desiring to make a brief statement regarding the proposed financings and transactions should give prior notice to the Corporation at the address or phone number shown below. Written comments may be submitted to the Corporation to the attention of Ms. Frances Tufano at the address shown below. Comments, whether oral or written, must be submitted no later than the close of the public hearing. Please be advised that certain of the aforementioned proposed financings and transactions may possibly be removed from the hearing agenda prior to the hearing date. Information regarding such removals will be available by contacting ftufano@nycedc.com on or about noon on the Friday preceding the hearing.
Build NYC Resource Corporation
Attn: Ms. Frances Tufano
110 William Street, 5th Floor
New York, New York 10038
(212) 312-3598