SUPPLEMENTAL
NOTICE OF PUBLIC HEARING
-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 County of Monroe Industrial Development Agency (the "Agency") on Thursday, the 19th day of March, 2026 at 10:15 a.m., local time, at the Agency's Offices, 50 West Main Street, Suite 1150, Rochester, New York 14614, in connection with the following matter:
JAY'S ACQUISITIONS II LLC, a New York limited liability company for itself or a related entity formed or to be formed (collectively, the "Company") previously requested that the Agency assist with a certain Project (the "Project"), consisting of: (A) the acquisition of a leasehold interest in a parcel of land located at 20-30 East Avenue in the City of Rochester, New York 14604 and all other lands in the City of Rochester where, by license or easement or other agreement, the Company or its designees are making improvements that benefit the Project (collectively, the "Land") together with the existing building thereon, commonly known as the Triangle Building (the "Existing Improvements"); (B) the renovation and modernization of the Existing Improvements into (i) below-market-rate rental commercial space on ground level and first floor (the "Commercial Improvements") and (ii) approximately 36 residential rental units for Eastman School of Music students (the "Residential Improvements" and, collectively with the Commercial Improvements, the "Improvements"); and (C) the acquisition and installation therein, thereon or thereabout of certain machinery, equipment and related personal property (the "Equipment" and, together with the Land, the Existing Improvements and the Improvements, the "Facility"). The Facility will be initially operated and/or managed by the Company.
The Agency has acquired a leasehold interest in the Facility and leased the Facility back to the Company. The Company is operating the Facility during the term of the lease. At the end of the lease term the Agency's leasehold interest will be terminated. The Agency previously approved providing financial assistance to the Company in the form of sales and use tax exemptions and a mortgage recording tax exemption, consistent with the policies of the Agency, and a partial real property tax abatement (the "Financial Assistance"). This supplemental notice is to inform the public that, subject to Agency Board approval, the proposed partial real property tax abatement terms will be amended.
The Agency will, at the above-stated time and place, present a copy of the Company's application and hear all persons with views in favor of or opposed to the proposed amendment to the Financial Assistance being contemplated by the Agency. In addition, at, or prior to, such hearing, interested parties may submit to the Agency written materials pertaining to such matters.
Dated: March 9, 2026
COUNTY OF MONROE INDUSTRIAL DEVELOPMENT AGENCY
By: Executive Director
4141751 3-9-1t