OTHERAMENDED

County of Rockland Industrial Development Agency Resolution May 2026

IDA Increases Tax Benefits for Myrtle Corner Project

$2,561,750 project materials/equipment cost; $214,547 sales and use tax exemption; $5,204,750 mortgage financing with mortgage recording tax exemptionRockland School District 382MYRTLE CORNER LLCMay 7, 2026

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Description

The County of Rockland Industrial Development Agency amended its 2022 authorization for Myrtle Corner LLC’s Myrtle Corner Project, increasing eligible project costs to $2,561,750 and raising the associated sales tax and mortgage recording tax exemptions. The amendment reflects higher construction and material costs while maintaining previously approved PILOT benefits.

Contract Details

Contract Amount

$2,561,750 project materials/equipment cost; $214,547 sales and use tax exemption; $5,204,750 mortgage financing with mortgage recording tax exemption

Vendor

MYRTLE CORNER LLC

Agency

Rockland School District 382, ID

Contract Type

OTHER

Document Date

May 7, 2026

Renewal Info

This action amends the May 19, 2022 Authorizing Resolution by increasing the maximum eligible project cost, sales and use tax exemption, and mortgage recording tax exemption; prior liabilities and actions under the original resolution remain valid as amended.

Issuing Agency