[Adopted 5-20-2002 by L.L. No. 1-2002; amended in its entirety 5-3-2022 by L.L. No. 5-2022]
Pursuant to § 485 of the Real Property Tax Law of
the State of New York, the Village Board ("Village Board") of the
Village of Buchanan ("Village") is authorized to exempt nuclear-powered
electric generating and formerly generating facilities from taxation,
special ad valorem levies and. special assessments imposed by the
Village to the extent provided in §§ 485 and 490 of
the Real Property Tax Law.
The Village Board finds that exemption from taxation of nuclear-powered
electric generating and formerly generating facilities located in
the Village, providing for payments in lieu of tax agreements, and
removal of the nuclear-powered electric generating and formerly generating
facilities located in the Village from the state equalization program,
is in the best interest of the Village and will facilitate economic
and fiscal stability for the Village and its citizens.
Pursuant to, and to the fullest extent permitted by, Real Property
Tax Law §§ 485 and 490, the Village Board hereby exempts
nuclear-powered electric generating and formerly generating facilities
located within the Village from taxation, special ad valorem levies
and special assessments imposed by the Village. Pursuant to § 485
of the Real Property Tax Law of the State of New York, the provisions
thereof are hereby continued in the Village of Buchanan for the maximum
period of time authorized therein, and include tax parcels designated
as Section 43.10, Block 2, Lot 2; Section 43.10, Block 2, Lot 1; Section
43.14, Block 2, Lot 1, and Section 43.10, Block 2. Lot 3 on the assessment
rolls of the Village, as such parcels may be renumbered or supplemented
from time to time.
Copies of this article shall be filed in the office of the Clerks
of the Village of Buchanan, the Town of Cortlandt, the Hendrick Hudson
School District, the County of Westchester, and with the New York
State Office of Real Property Services within 30 days after the adoption
hereof.
