The business proposes to build a 120 unit apartment complex designed to serve middle income seniors ages 55 years and older, in the Town of Warsaw. The structure will be a three story approximately 127,536 square foot fully sprinkled building. The anticipated cost is $14,251,810. The Company requests abatement of sales tax on construction materials and non-production equipment, a PILOT agreement for temporary abatement of property tax and abatement of Mortgage recording tax on approximately $12,500,000. Approximate value of these incentives is more than $100,000; therefore a public hearing was held on December 14, 2015.
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