Public Hearing Notice

NOTICE IS HEREBY GIVEN pursuant to Article 18-A of the New York General Municipal Law that public hearings in connection with the Project described below will be held by the St. Lawrence County Industrial Development Agency (the “Agency”) at the following dates, times and locations:

 1) Town of Brasher - Wednesday, September 22, 2010, at 5:00 p.m., local time, at Brasher Town Hall, 11 Factory Street, Brasher Falls, New York 13613;

2) Town of Lawrence - Wednesday, September 22, 2010, at 7:00 p.m., local time, at Town of Lawrence Municipal Complex, 11403 U.S. Highway 11, North Lawrence, New York 12967;

3) Town of Stockholm - Thursday, September 23, 2010, at 5:00 p.m., local time, at Stockholm Town Hall, 607 State Highway 11C, Winthrop, New York 13697; and

4) Town of Norfolk - Thursday, September 23, 2010, at 7:00 p.m., local time, at Norfolk Town Hall, 5 West Main Street, Norfolk, New York 13667.

 St. Lawrence Gas Company, Inc., a New York corporation having offices at 33 Stearns Street, Massena, New York 13662 (the “Company”), has submitted an application (the “Application”) requesting the Agency’s assistance with a certain project (the “Project”) consisting of: (i) the acquisition by the Agency of leasehold, easement, right-of-way or other interests in real property located within the Towns of Norfolk, Stockholm, Brasher and Lawrence, New York (the “Land”), (ii) the construction, installation and equipping of natural gas pipeline improvements within and upon the Land, including high pressure transmission pipeline and condenser components, distribution system pipeline and lateral components, and other natural gas transmission and distribution components as described within the Application  (collectively, the “Improvements”), and (iii) the acquisition and installation by the Company in and around the Improvements of certain items of equipment and other tangible personal property (the “Equipment”, and collectively with the Land and the Improvements, the “Facility”).

 The Agency will acquire a leasehold or other 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 leasehold interest will be terminated.  The Agency contemplates that it will provide financial assistance (the “Financial Assistance”) to the Company in the form of (i) sales and use tax exemptions; (ii) mortgage recording tax exemption(s); and (iii) a partial real property tax abatement in the form of a PILOT Agreement.  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) 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.

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