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 will be held by the Chemung County Industrial Development Agency (the "Agency") on Wednesday, October 8, 2025, at 10:00 a.m., local time, at the Agency's offices at 400 East Church Street, Elmira, New York 14901, in connection with the following matter: STEMERMAN SPORTS ENTERTAINMENT LLC, for itself and/or for an entity or entities 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 or other interest in certain real property located at 155 N. Main Street, City of Elmira, New York (the "Land", being more particularly described as tax parcel No. 89.19-2-41); (ii) the improving, maintaining, equipping and furnishing an approximately 134,000 square foot arena (collectively, the "Improvements"); (iii) the acquisition of an installation in and around the Land and Improvements by the Company of machinery, equipment, fixtures and other items of tangible personal property (the "Equipment"; and, collectively with the Land and the Improvements, the "Facility"). The Agency will acquire 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 sales and use tax exemptions consistent with the policies of the Agency, and a partial real property tax abatement, the proposed terms of which contain a deviation from the Agency's Uniform Tax Exemption Policy (the "Policy"). The Agency will livestream the public hearing online via Zoom at: https://us02web.zoom.us/j/87223467065?pwd=k0jMSkM0JeX6YYXYuebqaVagN75iwT.1 and provide audio access to the public hearing by phone via call-in number (646) 558-8656, meeting ID 872 2346 7065 and passcode 864160. In accordance with Section 859-a of the General Municipal Law ("GML") of the State of New York, a representative of the Agency will be at the above-stated time and place to present a copy of the Company's application for Financial Assistance (including a cost-benefit analysis), which is also available for viewing on the Agency's website at: https://chemungcountyida.com/. This public hearing is being conducted pursuant to GML Section 859-a(2). You are welcome to attend such hearing at which time you will have an opportunity to review the project application and present your views, both orally and in writing, with respect to the project. The Agency will also live stream the public hearing through its webpage and also encourages all interested parties to submit written comments to the Agency, which will all be included within the public hearing record. Any written comments may be sent to Chemung County Industrial Development Agency, 400 East Church Street, Elmira, New York 14901 Attn: Joseph Roman, Executive Director and/or via email at jroman.ida@chemungcountyny.gov. Dated: September 28, 2025 CHEMUNG COUNTY INDUSTRIAL DEVELOPMENT AGENCY September 28 2025 LNYS0377376