Subsidy Alert: February 2012

Tuesday, January 10, 2012

Manhattan Beer Distributors, Big Farm Corp., Fresh Direct, LLC and U.T.F. Trucking, Inc.,  Accurate Specialty Metal Fabricators, and Women Work Construction Corp.

View more information on the Fresh Direct subsidy package including testimony by GJNY and others, and news highlights.

To learn how the Board of Directors voted on these projects, see the agency "board books" here.

The next public hearing of the New York City Industrial Development Agency will be held on February 9, 2012 at:

110 William Street, 4th Floor, New York, New York 10038 [Fulton St. subway stop]

Please take a moment to look throught the project summaries below. GJNY will post the project materials and cost/benefit analyses when they become available, so please check back. We encourage anyone with concerns or comments about these proposals to attend the hearing and provide input on particular projects to the members of the IDA board. Written testimony can be submitted to: New York City Industrial Development Agency, Attn: Ms. Frances Tufano, 110 William Street, 5th Floor, New York, New York 10038, or you can call (212) 312-3598 to notify the Agency if you intend to make a statement. Companies are often pulled from the docket at the last moment, so call to confirm that the company you are interested in will be presented. If you plan to speak on any of these projects, please let GJNY know: 212.721.7996 or gjny (at) goodjobsfist.org.

Bronx

Straight lease (Industrial Incentive Program) transaction for Bamms Realty LLC, a real estate holding company for the benefit of Manhattan Beer Distributors LLC, engaged in the distribution of beer, in connection with the acquisition, construction, renovation, equipping and/or furnishing of four buildings totaling approximately 292,500 square feet on an approximately 734,300 square foot parcel of land all located on tax block 2604 in Bronx, New York and more fully described as:  1) 921 East 149thStreet, a building of approximately 10,000 square feet and a building of approximately 5,500 square feet on an approximately 180,000 square foot parcel of land known as tax lot 280; and 2) 985 East 149thStreet, a building of approximately 92,000 square feet on an approximately 135,000 square foot parcel of land known as tax lot 500; 3) 1025 East 149thStreet, an approximately 185,000 square foot building on an approximately 382,800 square foot parcel of land known as tax lot 270; and 4) an approximately 36,500 square foot parcel of vacant land located along the East River approximately 400 feet to the east of the terminus of 149thStreet adjacent to the southern boundary of lot 500 and known as tax lot 195.  The financial assistance proposed to be conferred by the Agency will consist of payments in lieu of City real property taxes, deferral from City and State mortgage recording taxes and exemption from City and State sales and use taxes

Straight lease (Industrial Incentive Program) transaction for the benefit of a to-beformed entity on behalf of Big Farm Corp., a wholesale distributor of produce and groceries, in connection with the acquisition, construction, renovation, equipping and/or furnishing of an approximately 30,000 square foot facility on an approximately 20,000 square foot parcel of land located at 515 Bryant Avenue, Bronx, New York 10474.  The financial assistance proposed to be conferred by the Agency will consist of payments in lieu of City real property taxes, deferral from City and State mortgage recording taxes and exemption from City and State sales and use taxes.

Straight-lease transaction (Industrial Incentive and Commercial Growth Programs) for the benefit of Fresh Direct, LLC and U.T.F. Trucking, Inc (and supplemental information)., engaged in food manufacturing and distribution, in connection with the construction of a new approximately 500,547 square foot industrial, manufacturing and distribution facility (the “Facility”) and the acquisition and/or leasing and installation of machinery, equipment, furniture, fixtures and other tangible personal property all for use therein.  In addition, there will be a satellite truck facility with an approximately 10,000 square foot maintenance building, a two-story parking structure and another separate small satellite parking facility.  The Facility and these satellite facilities will be located on an approximately 130,680 square foot parcel of land constituting part of Lot 1 in Block 2543and an approximately 562,856 square foot parcel of land constituting part of Lot 62 in Block 2260, the parcels being located between East 132ndStreet and the Harlem River, and between Willis Avenue Bridge to the west and the Robert F. Kennedy Bridge to the east, Bronx, New York 10454.  The financial assistance proposed to be conferred by the Agency will consist of exemption from City real property taxes, deferral from City and State mortgage recording taxes and exemption from City and State sales and use taxes.

Queens

Straight lease (Industrial Incentive Program) transaction for the benefit of Admiral Realty LLC on behalf of Accurate Specialty Metal Fabricators, Inc., a special metal fabricator and installer, in connection with the acquisition, renovation, equipping and/or furnishing of an approximately 29,000 square foot facility on an approximately 31,500 square foot parcel of land located at 64-20 Admiral Avenue, Middle Village, Queens, New York 11379.  The financial assistance proposed to be conferred by the Agency will consist of payments in lieu of City real property taxes, and exemption from City and State sales and use taxes.

Staten Island

Straight lease (Industrial Incentive Program) transaction for the benefit of 364 Meredith Avenue, LLC on behalf of Women Work Construction Corp*., a seller, warehouser, distributor and servicer of construction equipment and parts, in connection with the acquisition of two parcels of land totaling approximately 31,330 square feet and an approximately 1,080 square foot structure thereon, and the demolition thereof, located at 355 and 356 Meredith Avenue, Staten Island, New York 10314, being Block 2810, Lots 96 and 98, and the construction, equipping and furnishing of a new, approximately 5,600 square foot building thereon.  The financial assistance proposed to be conferred by the Agency will consist of payments in lieu of City real property taxes, deferral from City and State mortgage recording taxes and exemption from City and State sales and use taxes.

*to access this public document, please email elizabeth (at) goodjobsfirst.org

Public Notice for the February 9, 2012 NYCIDA Public Hearing