NOTICE OF PUBLIC HEARING

NOTICE OF PUBLIC HEARING NOTICE IS HEREBY GIVEN that a public hearing pursuant to Article 18-A of the New York General Municipal Law (the "Act") will be held by the City of Peekskill Industrial Development Agency (the "Agency") on the 26th day of May, 2026, at 7:00 p.m., local time, at Peekskill City Hall, 840 Main Street, Peekskill, New York 10566, in connection with the matter described below. THE CHILDRENS VILLAGE, for itself and/or on behalf of 41 STREAMLINE LLC, or a related entity or entity to be formed (collectively, the "Company"), has submitted an application to the Agency requesting the Agency's assistance with a certain project (the "Project") consisting of (i) the acquisition by the Agency of a leasehold interest in a parcel of real property located at 41 N. Division Street, Peekskill, New York (the "Land", being more particularly described tax parcel 33.30-1-1) along with the existing improvements thereon consisting principally of a vacant, 3 story former commercial and governmental office structure and related ground floor retail spaces containing approximately 36,000 square feet of space (the "Existing Improvements"); (ii) the partial demolition, renovation, rehabilitation and reconstruction of the Existing Improvements and the planning, design, construction, and operation of a mixed use facility containing (A) twenty two (22) residential apartment units on the upper floors (the "Residential Units"), such Residential Units to be leased as assistive units and/or leased as affordable housing restricted to certain percentages of the area's median gross income, and (B) approximately 12,000 square feet of ground floor and basement spaces to be redeveloped as a public library leased by the Company to The Field Library, along with related site improvements, access and egress improvements, utility improvements, signage, curbage, sidewalks, and landscaping improvements (collectively, the "Improvements"); (iii) the acquisition of and installation in and around the Existing Improvements and Improvements by the Company of machinery, equipment, fixtures and other items of tangible personal property (the "Equipment" and, collectively with, the Land, the Existing Improvements and the Improvements, the "Facility"); and (iv) entering into a straight lease transaction (within the meaning of subdivision (15) of Section 854 of the Act), pursuant to which the Agency will retain a leasehold interest in the Facility for a period of time and sublease such interest in the Facility back to the Company (the "Straight Lease Transaction"). The Agency is contemplating providing financial assistance to the Company with respect to the Project (collectively, the "Financial Assistance") in the form of: (A) an exemption from all State and local sales and use taxes with respect to qualifying personal property included in or incorporated into the Facility or used in the acquisition, construction or equipping of the Facility, (B) mortgage recording tax exemption(s) relating to financings undertaken by the Company in furtherance of the Project, and (C) a real property tax abatement provided through a Payment in Lieu of Tax Agreement. In accordance with Section 859-a of the Act, a representative of the Agency will be at the above-stated time and place to present a copy of the Company's Project Application (including a cost-benefit analysis), which is also available for viewing on the Agency's website at: https://www.cityofpeekskillny.gov/425/City-of-Peekskill-Industrial-Development. All interested parties be provided a reasonable opportunity, both orally and in writing, to present their views with respect to the Project, the Agency will also conduct a concurrent virtual public hearing via live audio broadcast on the Government Access Cablevision Channel 78/Verizon Fios Chanel 28, or on the City of Peekskill website at https://www.cityofpeekskill.gov/. Any individuals seeking to participate and provide comment will also be provided with a video conference link at https://www.cityofpeekskillny.gov/425/City-of-Peekskill-Industrial-Development . Finally, the Agency also encourages all interested parties to submit written comments to the Agency, which will all be included within the public hearing record, which can be submitted to Agency Executive Director Matthew Rudikoff at Peekskill City Hall, 840 Main Street, Peekskill, New York 10566 and/or mrudikoff@cityofpeekskill.gov. DATED: May 8, 2026 CITY OF PEEKSKILL INDUSTRIAL DEVELOPMENT AGENCY May 10 2026 LNYS0515544