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MegadealsSubsidy Tracker Individual Entry
Company: Amboy Properties Corporation
Parent Company:
Subsidy Source: local
Location: New York
City: Brooklyn
Address: 637 Amboy Street
Zip: 11212
Project Description: The Company entered into a Civic Facilities Revenue Bond project with NYCIDA on June 1, 1999 for the total project amount of $ 13,660,000 to (i) provide funds for the payment of a prior loan used for the construction and equipping of a civic facility (the ?Facility?) consisting of a parking garage located at 601 Amboy Street in Brooklyn New York and (ii) to pay the costs of issuance associated with the Series 1999 Bonds and in furtherance of said purpose, on April 20 ,1999, the Agency adopted a resolution, authorizing the Project and the issuance of the Series 1999 Bonds and thereupon to lease the Facility to the Lessee pursuant to a lease agreement dated as of April 1, 1990, as amended by a First Amendment to Lease Agreement, dated as of June 27, 1994, and as further amended by this Second Agreement to Lease Agreement, dated June 1, 1999.
Year: 2011
Subsidy Value: $429,701
Program Name: Industrial Development Agencies
Awarding Agency: New York City Industrial Development Agency
Type of Subsidy: tax credit/rebate; property tax abatement
Source of Data:
(click here)
Notes: Subsidy value is total for the year of property tax abatements and sales tax exemptions net of payments in lieu of taxes.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.