The purpose of this article is to grant incentive
for the expansion of existing businesses in the Village of Coxsackie
and the location of new businesses in said Village by granting tax
exemptions to said businesses for periods as specified herein.
The Board of Assessors shall have the power
and be charged with the duty to carry out the purpose and intent of
Article 4-A of the Commerce Law, § 485 of the Real Property
Tax Law and the other applicable laws of the state to grant to business
facility owners or operators exemption from taxes and special ad valorem
levies to the extent provided in the aforesaid mentioned New York
State laws.