NOTICE OF PUBLIC HEARING Notice is hereby given to all interested parties that the ESSEX COUNTY INDUSTRIAL DEVELOPMENT AGENCY (the "Agency") will hold a public hearing at Adirondack Meat Company, 30 Commerce Drive, Ticonderoga, New York 12883, at 10:00 a.m., local time, on August 27, 2015, on the proposed issuance by the Agency of one or more series or issues of its special obligation revenue refunding bonds in an aggregate principal amount not to exceed $15,000,000 (the "Bonds"), pursuant to Article 18-A, Title 1 of the New York General Municipal Law, as amended (the "Act"), for the purpose of refinancing the costs of the acquisition, improvement, construction and installation of certain sewage and solid waste disposal facilities (the "Project"), at the Ticonderoga Mill of International Paper Company, a New York corporation (the "Company"), located at 568 Shore Airport Road in Ticonderoga, Essex County, New York 12883 (the "Mill"), by refunding the Agency's Solid Waste Disposal Revenue Refunding Bonds, 2005 Series A (International Paper Company Project), currently outstanding in the aggregate principal amount of $15,000,000 (the "Prior Bonds"). The Project is owned and operated by the Company for use in its business of the production of paper and paper-related products. The Bonds will be issued pursuant to a financing agreement (the "Agreement") requiring that the Company make payments equal to the debt service on the Bonds and make certain other payments. The Bonds will be a special obligation of the Agency payable solely from revenue derived from the Company under the Agreement. THE BONDS SHALL NOT BE A DEBT OF THE STATE OF NEW YORK (THE "STATE") OR ANY POLITICAL SUBDIVISION THEREOF, INCLUDING, WITHOUT LIMITATION, ESSEX COUNTY, NEW YORK, AND NEITHER THE STATE NOR ANY POLITICAL SUBDIVISION THEREOF, INCLUDING, WITHOUT LIMITATION, ESSEX COUNTY, NEW YORK, SHALL BE LIABLE THEREON. The public hearing is required by the Act. Any person interested may appear at the above-stated time and place to be heard or to present written comments for or against the issuance of the Bonds to refinance the Project by refunding the Prior Bonds. At such hearing, all comments, objections and suggestions will be heard, reviewed and considered. This notice is published in a newspaper or newspapers of general circulation in Essex County, New York at least ten (10) days prior to the date of the public hearing. ESSEX COUNTY INDUSTRIAL DEVELOPMENT AGENCY
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