Section 859-A. Additional prerequisites to the provisions of financial assistance

Prior to providing any financial assistance of more than one  hundred thousand dollars to any project, the agency must comply with the
  following prerequisites:
    1. The agency must adopt a resolution describing the project  and  the
  financial  assistance  that  the agency is contemplating with respect to
  such project. Such assistance shall be consistent with the  uniform  tax
  exemption  policy  adopted by the agency pursuant to subdivision four of
  section eight hundred seventy-four of this chapter,  unless  the  agency
  has  followed the procedures for deviation from such policy specified in
  paragraph (b) of such subdivision.
    2. The agency must hold a public hearing with respect to  the  project
  and  the proposed financial assistance being contemplated by the agency.
  Said public hearing shall be held in a city, town or village  where  the
  project  proposes  to locate. At said public hearing, interested parties
  shall be provided reasonable opportunity, both orally and in writing, to
  present their views with respect to the project.
    3. The agency must give at least ten days  published  notice  of  said
  public  hearing  and  shall,  at  the  same time, provide notice of such
  hearing to the chief executive officer of each affected tax jurisdiction
  within which the project is located. The notice of  hearing  must  state
  the  time  and  place  of  the  hearing,  contain  a general, functional
  description of the project, describe the  prospective  location  of  the
  project,  identify the initial owner, operator or manager of the project
  and generally describe the  financial  assistance  contemplated  by  the
  agency with respect to the project.