Inwood warehouse, a boon to school district

An $84 million project that could create 75 construction jobs and at least 25 full-time permanent jobs is planned to bring a new two-story, 138,245-square-foot warehouse on 8.7 acres at 65 Rason Road in Inwood.

Construction on land that formerly housed a sewage treatment plant is slated to start soon and be completed within two years.

The warehouse does not yet have a tenant but the developer an affiliate of CenterPoint Properties Trust, which is co-owned by the California Public Employees’ Retirement System — the largest pension fund in the U. S. — and Chicago-based LaSalle Investment Management said talks have been held with prospective tenants.

The Town of Hempstead’s Industrial Development Agency granted the project a 15-year payment in lieu of taxes (PILOT) and sales tax exemption. The current annual taxes being paid to the town are $209,957, according to the IDA.

Officials said that the PILOT will pay the associated taxing jurisdictions $10.5 million, which translates into $700,658 annually.

The building will generate $11,142 in annual sales, town officials said. PILOT payments of $86,222 in the first three years will go to the Lawrence school district and increase over the 15 years to $287,735 annually. In all the school district will receive $4.3 million, officials said.

The town’s IDA aims to attract business to its communities through financial help and tax relief.

— Jeffrey Bessen

WAREHOUSE HELP/MAILROOM INSERTER –MORNING & OVERNIGHT SHIFT AVAILABLE

Responsibilities: Feeding preprints into machine hopper neatly/accurately; Monitor insert machine to reduce double inserts or skips; Remove completed bundles, weighing 10-50 pounds and stack neatly for next step in packaging; General clean-up of papers, skids, debris throughout the day.

Requirements: Able to stand for long periods of time and to lift or pile newspaper products varying in weight from 10-50 pounds or more at one time; Ability to work in production areas while forklifts, pallet jacks, inserting and related equipment are in use; Able to change assignments on short notice and be fexible in scheduling.

Interested applicants can send their resume to careers@liherald.com or call (516) 569.4000 x239.