Town of Islip Town Board Discussion Agenda 2026-06-16
IDA Approves Leasehold Incentives at Crooked Hill Road Facility
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Description
Islip IDA approved a lease and incentive transaction for BLUSV I NY 355 Crooked Hill Road LLC regarding the 355 Crooked Hill Road property. Company to receive sales tax and property tax abatements in coordination with ISP Millwork LLC.
Contract Details
Vendor
BLUSV I NY 355 CROOKED HILL ROAD LLC
Agency
Town of Islip, NY
Contract Type
FACILITIES
Document Date
June 16, 2026
Contract Term
12-year PILOT abatement and sales tax exemption period starting June 16, 2026
Renewal Date
2038-06-16
Renewal Info
12-year PILOT property tax abatement, initial year at 40% of assessed value, increasing by 5% a year; sales tax exemption up to $306,250.
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