HARRIS BEACH ATTORNEYS AT LAW October 5, 2020 99 GARNSEY ROAD PITTSFORD, NY 14534 (585) 419-8800 RACHEL C. BARANELLO, ESQ. DIRECT: (585) 419-8769 VIA E-MAIL ONLY FAX: (585) 419-8816
[email protected] Bruce Maclnnis, CFO Li-Cycle Inc. 2351 Royal Windsor Drive, Unit 10 Mississauga, ON L5J 4S7 Re: County of Monroe Industrial Development Agency ("COMIDA") Li-Cycle Inc. Project located at Building 350 in the Eastman Business Park on Mt. Read Boulevard in the Town of Greece, NY Dear Mr. MacInnis: Pursuant to your request, enclosed herewith please find documentation which provides for sales tax exemption for your ongoing project referenced above until the date of December 31, 2021. Please review the enclosed package carefully to ensure full compliance with State sales tax requirements so you do not jeopardize your Company's benefits. If you have any questions regarding the enclosed or otherwise, please feel free to contact me or my paralegal, Lori Palmer at 419-8681. Very truly yours. e Rachel C. Baranello RCB/lap Enc. 31263641834-6108-5389\v1 NOTICE Please be advised NYS has now required IDAs to recapture from the approved project applicant, excess sales tax savings over and above the amount stated in the original sales tax package. Therefore, please examine the amount of sales tax savings carefully because you (as the approved project applicant) will be required to reimburse NYS for any amount received over and above what was stated on the Form ST-60. If you anticipate that your project sales tax amount will exceed the amount initially anticipated, please contact the Executive Director at COMIDA immediately [(585) 753- 2000] whereupon the IDA will consider if a revised Form ST-60 can be issued.