EPT Concord II, LLC Application

 

                 Overall Project                                    

 

Jobs created:                                    2642                                                       

Jobs retained                                    N/A                                                       

Private funds invested     $772mm                                              

Other Benefits 

B)       Project Address:     See Figure 1 of Exhibit C for Project Location                             

Tax Map Number(s): See attached Exhibit D                            

Located in the Village of __________________                                  

Located in Town of  Thompson                                        

Located in the School District of Monticello CSD                     

Located in Hamlet of     N/A                                        

 

C)         Are Utilities on Site? 

Water/Sewer     No                                           Electric    Yes

Gas    ______                                                           Storm Sewer   No 

D)         Present legal owner of the site:  EPT Concord II, LLC-See Exhibit D

If other than Applicant, by what means will the site be acquired for this Project:

E)         Zoning of Project Site: Current:       PRD             Proposed:________

F)         Are any variances needed:      No

G)        Principal Use of Project upon completion:       Destination Resort – See Exhibit C -Project Description  

H)       Will the Project result in the removal of a plant or facility of the Applicant from one area of the State of New York to another? YES_______________ NO   X . 

           Will the Project result in the removal of a plant or facility of another proposed
          occupant of the Project from one area of the State of New York to another area
          of the State of New York? YES________ NO   X

           Will the Project result in the abandonment of one or more plants or facilities
          located in the State of New York? YES_______        NO    X

 I)        Estimate how many construction/permanent jobs will be created or retained as a      

          result of this Project:

  Overall Project

         Construction:                6,325/5,674 person-years[3]

          Permanent:                    2642                                                                     

          Retained:                        300                                                       

See also Exhibit E for Economic Analysis in support of Application

 

 

 

J)        Financial Assistance being applied for:

                                                              Estimated Value         

                                                                                        Overall Project                    

 

Real Property Tax Abatement                                            $ TBD[4]

Mortgage Tax Exemption                                                    $ N/A

Sales and Use Tax Exemption                                             $  3,120,000[5]                       

Issuance by the Agency of Tax Exempt Bonds                   $ N/A

 

K)Project Costs (Estimates) Land	$ 193,000,000
Building/Equipment/Soft costs	$   15,000,000
Other( Infrastructure)	$   50,000,000
Total	$ 258,000,000
REPRESENTATIONS BY APPLICANT  REPRESENTATIONS BY THE	APPLICANT

REPRESENTATIONS BY APPLICANT 

The Applicant understands and agrees with the Agency as follows:

A)           Job Listings.   In accordance with Section 858-b (2) of the New York General
Municipal Law, the Applicant understands and agrees that, if the Project receives
any Financial Assistance from the Agency, except as otherwise provided by
collective bargaining agreements, new employment opportunities created as a
result of the Project will be listed with the New York State Department of Labor
Community Services Division (the “DOL”) and with the administrative entity
(collectively with the DOL, the “JTPA Entities”) of the service delivery area
created by the federal job training partnership act (Public Law 97-300) (“JTPA”)
in which the Project is located. 

B)                 First Consideration for Employment.  In accordance with Section 858-b (2) of the
New York General Municipal Law, the Applicant understands and agrees that, if
the Project receives any Financial Assistance from the Agency, except as
otherwise provided by collective bargaining agreements, where practicable, the
Applicant will first consider persons eligible to participate in JTPA programs who
shall be referred by the JTPA Entities for new employment opportunities created
as a result of the Project. 

C)                Annual Sales Tax Filings.   In accordance with Section 874(8) of the New York
General Municipal Law, the Applicant understands and agrees that, if the Project
receives any sales tax exemptions as part of the Financial Assistance from the
Agency, in accordance with Section 874(8) of the General Municipal Law, the
Applicant agrees to file, or cause to be filed, with the New York State Department
of Taxation and Finance, the annual form prescribed by the Department of
Taxation and Finance, describing the value of all sales tax exemptions claimed
by the Applicant and all consultants or subcontractors retained by the Applicant. 

D)        Annual Employment Reports, The Applicant understands and agrees that, if the
Project receives any Financial Assistance from the Agency, the Applicant agrees
to file, or cause to be filed, with the Agency, on an annual basis, reports
regarding the number of people employed at the project site. 

E)        Absence of Conflicts of Interest.  The Applicant has received from the Agency a
list of the members, officers, and employees of the Agency. No member, officers
or employee of the Agency has an interest, whether direct or indirect, in any
transaction contemplated by this Application, except as hereinafter described. 

The Applicant and the individual executing this Application on behalf of the Applicant acknowledge that the Agency will rely on the representations made herein when acting on this Application and hereby represent that the statements made herein do not contain any untrue statement of a material fact and do not omit to state a material fact necessary to make the statements contained herein not misleading.

(Applicant)

                                                                                              EPT Concord II, LLC

                                                                                      By:____________________________

Name: Gregory K. Silvers

 Title: Vice President

Date:

THIS APPLICATION SHALL BE SUBMITTED WITH (I) TWO CHECKS: ONE COVERING A $250.00 APPLICATION FEE AND THE SECOND COVERING A $5,000.00 UP-FRONT ESCROW DEPOSIT; AND (II) APPLICANT’S FORMATION DOCUMENTS (IE: IF A CORPORATION: ITS CERTIFICATE OF INCORPORATION AND BYLAWS; IF A LIMITED LIABILITY COMPANY: ITS ARTICLES OF ORGANIZATION AND OPERATING AGREEMENT; IF A LIMITED PARTNERSHIP: ITS CERTIFICATE OF LIMITED PARTNERSHIP AND LIMITED PARTNERSHIP AGREEMENT; OR IF A PARTNERSHIP: ITS PARTNERSHIP AGREEMENT TO COUNTY OF SULLIVAN INDUSTRIAL DEVELOPMENT AGENCY, ONE CABLEVISION CENTER, FERNDALE, NEW YORK 12734 (ATTN.: EXECUTIVE DIRECTOR).