Tuesday, December 18, 2007

SCIDA Public Hearing on UPC Cohocton/Dutch Hill Project Jan. 18, 2008

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 Steuben County Industrial Development Agency (the "Agency") on the 18th day of January, 2008, at 10:00 a.m., local time, at the Town Court Facility, 19 Main Street, Atlanta, New York 14808, in connection with the following matter:

CANANDAIGUA POWER PARTNERS, LLC, for itself or on behalf of an entity to be formed ("Canandaigua Power"), has requested the Agency's assistance with respect to a certain project (the "CP Project") consisting of (i) the acquisition by the Agency of fee title to or a leasehold interest in various parcels of land consisting of approximately 4,800 acres of leased land (owned by 29 individual landowners) located off of Lyon Road, Pine Hill Road, Kirkwood- Lent Hill Road, Mattice Road, Rynders Road, Avery Hollow Road, Craig Road, Edmond Road, Cayward Road, Ryan Hollow Road, State Route 415, Jones Road, Wentworth Road, Brown Hill Road, Fairbrother Road, Van Aucker Road and Preston Road, all within the Town of Cohocton (except that the proposed alignment of the 115 kV transmission line places a small portion of the CP Project in the Town of Avoca (in the Van Aucker Road area)), Steuben County, New York (collectively, the "Land"), (ii) the construction and equipping on the Land of a wind energy generation facility consisting of approximately thirty-five (35) wind turbines generating approximately 87.5 megawatts of power, together with related substations, overhead and underground cabling and roadways for the production of wind-generated electricity (the "Improvements"), (iii) the acquisition of and installation in and around the Improvements of certain additional items of equipment and personal property necessary for the operation of the wind energy generation facility (the "Equipment" and, collectively with the Land and the Improvements, the "Facility").

CANANDAIGUA POWER PARTNERS II, LLC, for itself or on behalf of an entity to be formed ("Canandaigua Power II"), has requested the Agency's assistance with respect to a certain project (the "CP II Project") consisting of (i) the acquisition by the Agency of fee title to or a leasehold interest in various parcels of land consisting of approximately 2,560 acres of leased land (owned by seven individual landowners) located off of Shultz Hill Road, Fleishman Road, Davis Hollow Road, Dutch Hill Road, Drum Road, Atlanta Back Road, Jeh Road, State Route 371 and Edmond Road, all within the Town of Cohocton, Steuben County, New York (collectively, the "Land"), (ii) the construction and equipping on the Land of a wind energy generation facility consisting of approximately fifteen (15) wind turbines generating approximately 37.5 megawatts of power, together with related substations, overhead and underground cabling and roadways for the production of wind-generated electricity (the "Improvements"), (iii) the acquisition of and installation in and around the Improvements of certain additional items of equipment and personal property necessary for the operation of the wind energy generation facility (the "Equipment" and, collectively with the Land and the Improvements, the "Facility II" and, together with the Facility, the "Facilities").

The Agency will acquire title to or a leasehold interest in the Facilities and lease the Facilities back to Canandaigua Power and Canandaigua Power II, respectively. Canandaigua Power and Canandaigua Power II will operate their respective Facilities during the term of the lease. At the end of the lease term, each will purchase their respective Facilities 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 to Canandaigua Power and Canandaigua Power II in the form of sales and use tax exemptions and mortgage tax exemptions consistent with the policies of the Agency, and partial real property tax abatements through payment-in-lieu-of-tax agreements.

A representative of the Agency will be at the above-stated time and place to present a copy of Canandaigua Power's and Canandaigua Power II's respective project applications and hear and accept written and oral comments from all persons with views in favor of, opposed to, or otherwise relevant to the proposed financial assistance.

Dated: December 18, 2007
STEUBEN COUNTY INDUSTRIAL DEVELOPMENT AGENCY
By: James P. Sherron, Executive Director

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