The Town Assessor shall have the power and be charged with the duty
to carry out the purpose and intent of Article 4-A of the Economic Development
Law, § 485-b of the Real Property Tax Law and 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 aforesaid
mentioned New York State laws.
The Town Assessor shall determine the assessed value of the exemption
pursuant to such state laws and shall grant as an exemption 100% thereof for
a maximum of 10 years for each eligible business facility.