Public hearing for financial assistance on a mixed-use development project.

 Legal Notice # 21927929 NOTICE OF PUBLIC HEARING NOTICE IS HEREBY GIVEN that a public hearing pursuant to Title 1 of Article 18-A of the New York General Municipal Law will be held by the Town of Hempstead Industrial Development Agency (the "Agency"), on the 11th day of March, 2026, at 10:00 a.m., local time, at 350 Front Street 2nd Floor, Hempstead, New York in connection with the following matters: Main Street Hempstead Apartments, LLC, a limited liability company organized and existing under the laws of the State of Delaware, on behalf of itself and/or the principals of Main Street Hempstead Apartments, LLC and/or an entity formed or to be formed on behalf of the foregoing (collectively, the "Company"), has applied to the Town of Hempstead Industrial Development Agency (the "Agency"), for assistance in the acquisition of an approximately 1.69-acre parcel of land, located at 257 Main Street, Village of Hempstead, New York 11550 (the "Land"), the construction of an approximately 331,584 square foot mixed-use development thereon, consisting of approximately 246 residential rental units, (the proposed 246 apartments will include 32 studio units, 132 one-bedroom units, 78 two-bedroom units, and 4 three-bedroom units), in addition there will be approximately 6,114 square feet of ground retail space, and the construction of an approximately 109,975 square foot parking garage (total square footage of rental building and parking garage is approximately 331,584 square feet) (the "Improvements"), and the acquisition and installation therein of certain equipment and personal property (the "Equipment"; and together with the Land and the Improvements, the "Facility"), which Facility is to be leased by the Agency to the Company and used by the Company as (a) a mixed use rental apartment complex of which ten percent (10%) of the residential units (25 units) will be set aside for Attainable Housing as required by 139-212 of the Zoning Code of the Village of Hempstead, and (b) ground floor retail space (the "Project"). The Agency contemplates that it will provide financial assistance to the Company in the form of exemptions from mortgage recording taxes in connection with the financing or any subsequent refinancing of the Facility, exemptions from sales and use taxes and abatement of real property taxes, consistent with the policies and resolutions of the Agency. A representative of the Agency will, at the above-stated time and place, hear and accept written comments from all persons with views in favor of or opposed to either the proposed financial assistance to the Company or the location or nature of the Facility. At the hearing, all persons will have the opportunity to review the application for financial assistance filed by the Company with the Agency and an analysis of the costs and benefits of the proposed Facility. Dated: February 27, 2026 TOWN OF HEMPSTEAD INDUSTRIAL DEVELOPMENT AGENCY By: Frederick E. Parola Title: Chief Executive Officer