[Adopted 2-24-1994 by L.L. No. 2-1994; amended in its entirety 4-8-2002 by L.L. No. 3-2002]
Pursuant to the authority of Article 4, § 485-e, of the New York State Real Property Tax Law and Article 18-B of the New York State General Municipal Law, the exemption from taxation and special ad valorem levies provided by said § 485-e is hereby deemed to be adopted. The exemption authorized shall be for a term of 10 years, notwithstanding that the designation of the zone may expire prior to the end of such ten-year term.