July public hearing notice lists $143 million in bond offerings and six straight leases. The New York City Industrial Development Agency, a component of the Economic Development Agency, held its monthly public hearing on July 19, 2007. The 14 project applications detailed in IDA’s public notice included over $143 million in bond offering and six straight leases.

The largest bond application on the July calendar was made by the Lycée Français de New York, an exclusive Upper East Side private school, for a $55.6 million civic facility revenue bond to be used to refinance 2002 IDA bonds. The private school used the 2002 bonds to acquire, design and develop a portion of its 150,000-square-foot school located on East 75th Street at York Avenue. The financial assistance requested to be conferred by IDA for the new bond would include exemption from City and State mortgage recording taxes. (read more…)