Public hearing on financial assistance for The 20 Fields Lane Project.

NOTICE OF PUBLIC HEARING NOTICE IS HEREBY GIVEN that a public hearing pursuant to Section 859-a of the New York State Industrial Development Agency Act of Article 18-A of the New York State General Municipal Law, as amended, will be held by the Putnam County Industrial Development Agency (the "Agency") on the 22nd day of April, 2026, at 11:00 a.m. local time, at the Town of Southeast Town Hall, 1360 Route 22, Brewster, NY 10509, or as soon thereafter as the matter can be heard. The public hearing will concern the Agency's providing financial assistance for a project known as The 20 Fields Lane Project, to be situated at 20 Fields Lane, Brewster, New York 10509 and shown on the Tax Map of the Town of Southeast as Tax Map No. 78.-2-25.2 (the "Premises") which is more fully described below. Kinsley Group Inc. d/b/a Kinsley Power Systems (the "Applicant"), has submitted an Application to the Agency dated March 25, 2026 requesting financial assistance in connection with the acquisition, construction, renovation, furnishing, and equipping of a facility, located on an approximately 10.029+/- acre parcel of land at 20 Fields Lane, Town of Southeast, County of Putnam, State of New York, to be used to store new products, stage portable generators, serve as a parts depot warehouse and provide office space, in connection with the sale, renting and servicing of power equipment; the Premises shall be be leased to the Agency by the Applicant, and then sublet by the Agency to the Applicant (the "Project"). The overall Project cost is estimated to be approximately $7,185,850. The requested financial assistance includes, to the extent available under applicable laws, rules and regulations, the following: (i) exemption from sales tax on materials and equipment purchased and/or leased for development of the Project; (ii) exemptions from mortgage recording taxes; and (iii) payments in lieu of taxes (PILOT) for real property taxes for a ten year period following completion of the Project at an abatement rate of 50% on the increased assessed value of the Premises in the first year, with said rate to decline by 5% each successive year thereafter (the "PILOT Period"). The foregoing proposed benefits do not deviate from the Agency's Uniform Tax Exemption Policy. The Application also provides that the Project will create local construction jobs and relocate 51 permanent jobs to the facility, all of which will be full time, and create up to 5 permanent jobs at the facility, approximately 5 of which will be full time and approximately 0 of which shall be part-time, with approximately 3 of the total permanent jobs to be from the Labor Market Area. Copies of the Applicant's application for financial assistance is posted on-line at the Agency website at https://www.putnamida.com. Interested individuals may also submit written comments to the Agency on or before the date of the public hearing, Attention: William Nulk at 2 Route 164, Patterson, New York 12563 or via e-mail at william.nulk@putnamida.com. A copy of the Cost Benefit Analysis relating to the Project is expected to be available for review at the public hearing. The Agency will, at the above-stated time and place, hear all persons with views in favor of or opposed to the financial assistance described herein. A representative of the Agency will be at the above-stated time and place to hear oral comments and accept written comments from all persons with views in favor of or opposed to the granting of any of the foregoing financial assistance or the location or nature of the Project. The Agency will make every effort to ensure that the hearing is accessible to people with disabilities. Anyone requiring special assistance and/or reasonable accommodation should contact the Agency in advance. Dated: April 8th, 2026. Putnam County Industrial Development Agency April 12 2026 LNYS0496302