Public hearing for SB Yonkers Realty LLC project on May 4, 2026.

NOTICE OF PUBLIC HEARING ____________________ NOTICE IS HEREBY GIVEN that a public hearing pursuant to Section 859-a and Article 18-A of the New York General Municipal Law will be held on Monday, May 4, 2026, at 10:30 a.m., local time, by the City of Yonkers Industrial Development Agency (the "Agency") at the Agency's offices at 470 Nepperhan Avenue, Suite 200, Yonkers, New York 10701, in connection with the following matter: SB YONKERS REALTY LLC, for itself or an entity formed or to be formed on its behalf (collectively, the "Company") has submitted an application (the "Application") to the Agency requesting the Agency's assistance with a certain project (the "Project") consisting of: (A) the acquisition or retention of the land, including, but not limited to, all easements, licenses, and other real property interests owned or controlled by the Company where improvements benefitting the Project are situated, commonly known as 325, 335, 337 and 339 South Broadway (Section 1, Block 161, Lots 26, 28, 30 and 32) City of Yonkers, New York (the "Land"); (B) the demolition of the existing improvements thereon; (C) the construction, improving and equipping on the Land of an 8-story mixed-use facility consisting of: (i) approximately 180 mixed-income affordable and workforce residential rental units for residents earning from 30% to 80% of area median income, (iii) approximately 10,000 square feet of commercial space, and (iii) a parking facility including approximately 324 parking spaces, of which at least 72 spaces will reserved for municipal parking use (the "Improvements); and (D) the acquisition and installation in and around the Land and Improvements of certain items of equipment and other tangible personal property (the "Equipment", which together with the Land and Improvements are the "Facility"). The Agency will acquire (or retain) title to or a leasehold interest in the Facility and lease the Facility back to the Company. The Company will operate the Facility during the term of the lease. At the end of the lease term, the Company will purchase the Facility from the Agency, or if the Agency holds a leasehold interest, the leasehold interest will be terminated. The Agency contemplates that it will provide financial assistance (the "Financial Assistance") to the Company in the form of: (a) a partial real property tax abatement, (b) a sales and use tax exemption for purchases and rentals related to the acquisition, construction and equipping of the Facility and (c) an exemption from State and local mortgage recording taxes to the extent permitted by law. A representative of the Agency will be present at the above-stated time and place to present a copy of the Application and hear and accept written and oral comments from all persons with views in favor of or opposed to or otherwise relevant to the proposed Financial Assistance. The Agency will provide access to the public hearing by broadcasting the public hearing in real time online at https://yonkersida.com/live-stream/. The Agency encourages all interested parties to submit written comments to the Agency, which will be included within the public hearing record. Any written comments may be sent to City of Yonkers Industrial Development Agency, 470 Nepperhan Avenue, Suite 200, Yonkers, New York 10701, Attention: Executive Director and/or via email at info@yonkersida.com with the subject line being "SB Yonkers Realty LLC Project" no later than May 3, 2026. Dated: April 20, 2026 CITY OF YONKERS INDUSTRIAL DEVELOPMENT AGENCY April 24 2026 LNYS0504952