Notice of Public Hearing (TEFRA)

NOTICE OF PUBLIC HEARING (TEFRA) (Posted July 14, 2026 at 2:37 pm)

NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY

NOTICE OF PUBLIC HEARING

On July 22, 2026, the New Jersey Economic Development Authority (the “Authority”) will hold a public hearing at its regular monthly meeting, which begins 10:00 a.m. at the Authority’s Fort Monmouth Office Board Room located at 1 CommVault Way, Suite N100, Tinton Falls, N.J.  07724 or at 1-888-790-3708 (Conference ID: 7825427), for the purpose of providing a reasonable opportunity for interested persons to express their views, both orally and in writing, with respect to the below listed application for private activity bond financing and the proposed issuance by the Authority of its economic development bonds (the “Bonds”) in accordance with the public notice requirements of Section 147(f) of the Internal Revenue Code of 1986, as amended.

Owner, Operator or

Manager of Project:                N.C., & Sons, Inc. d/b/a Nicholson Corporation, and

                                                17 Imclone Holdings, LLC (collectively, the “Borrower”)

Project Address:                     17 Imclone Drive, Branchburg, NJ 08876 (Block 68.06.04; Lot 6.01) Township of Branchburg, County of Somerset, New Jersey

Maximum Aggregate

Face Amount of

Bonds Requested:                   $9,375,000

Description of Project:           The proceeds of the Bonds will be used to fund (i) the acquisition, conversion and rehabilitation by 17 Imclone Holdings, LLC of 17 Imclone Drive, Branchburg, New Jersey 08876, an existing approximately 58,400 square foot building located on approximately 8 acres of land located in the Township of Branchburg, County of Somerset, New Jersey, to be used by the Borrower as a dedicated millwork manufacturing facility that converts raw materials and purchased components into finished architectural millwork products; and (ii) the payment of a portion of the costs of issuance incurred in connection with the Bonds.

At the hearing, members of the public may appear in person or by attorney or by calling in on the Authority’s telephone conference line at 1-888-790-3708, Conference ID: 7825427 to provide information and make statements concerning the foregoing application.  Oral comments will be limited to 3 minutes per speaker.  A person wishing to speak at the hearing will be asked to provide his or her name, address and the person(s) or entity(ies) he or she represents, if any, prior to speaking.  Written comments will be accepted by the Authority c/o Naimah Marshall, Director-Business Banking, at Naimah.Marshall@njeda.gov, but must be received by 5:00 p.m. on the business day prior to the hearing.

ECONOMIC DEVELOPMENT FINANCINGS OF THE NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY WILL BE SPECIAL, LIMITED OBLIGATIONS OF THE AUTHORITY PAYABLE SOLELY FROM THE PAYMENTS MADE BY THE BORROWER TO THE AUTHORITY PURSUANT TO THE BOND AGREEMENT FOR THE BONDS AND ARE NOT OBLIGATIONS OF THE STATE OF NEW JERSEY, NOR OF ANY COUNTY OR MUNICIPALITY THEREOF.

            This notice is published in accordance with the public notice requirements of Section 147(f) of the Internal Revenue Code of 1986, as amended.