NOTICE OF PUBLIC HEARING
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NOTICE IS HEREBY GIVEN that a public hearing, pursuant to Article 18-A of the New York State General Municipal Law, will be held by the Broome County Industrial Development Agency (the "Agency") on Thursday, August 6, 2026, at 5:00 p.m., local time, at the Broome County Public Library (Exhibit Room), 185 Court Street, City of Binghamton, New York 13901, and will be streamed on the date and time above referenced at www.theagency-ny.com, in connection with the following matter:
Clinton Street Owner LLC, a New York limited liability company, for itself or on behalf of an entity formed or to be formed by it or on its behalf (collectively, the "Company"), has submitted an application (the "Application") to the Agency requesting the Agency's assistance with respect to a certain project (the "Project") consisting of: (i) the acquisition by the Agency of a leasehold or other interest in certain property located on or at 181, 185, 187 and 205 Clinton Street, in the City of Binghamton, Broome County, New York (the "Land"); (ii) the planning, design, construction and equipping, in two phases, of a mixed-income affordable housing development, to be known as "Vanguard Village", comprised of 288 apartment units across approximately 291,627 gross square feet of development, and related sitework improvements (collectively, the "Improvements"); and (iii) the acquisition by the Company in and around the Improvements of certain items of machinery, equipment and other tangible personal property (the "Equipment"; and, together with the Land and the Improvements, the "Facility").
The Project will be initially owned, operated and/or managed by the Company.
The Agency will acquire a leasehold interest in the Facility from the Company and lease the Facility back to the Company. At the end of the lease term, the Agency's interest in the Facility will be reconveyed to the Company. The Agency contemplates that it will provide financial assistance to the Company with respect to the Project in the form of a real property tax abatement consistent with the policies of the Agency (the "Financial Assistance").
A copy of the Company's Application to the Agency will be available for review, during regular business hours, at the Agency's offices located at FIVE South College Drive, Suite 201, Binghamton, New York 13905.
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 Project.
BROOME COUNTY INDUSTRIAL DEVELOPMENT AGENCY
By: Stacey M. Duncan, Executive Director
Dated: July 24, 2026
July 24 2026
LNYS0560299