It is hereby determined that, in order to create
or retain permanent private-sector jobs, to provide employment opportunities
and to broaden the tax base, it is necessary to adopt an accelerated
exemption schedule to encourage targeted economic development in the
Town of Hyde Park, County of Dutchess, pursuant to § 485-b
of the Real Property Tax Law.
Commercial businesses or industrial activity constructed, altered, installed or improved in the Town of Hyde Park and coming within the Standard Industrial Classification Codes set forth as
Schedule A attached hereto shall qualify for tax exemptions pursuant to the schedule set forth in §
100-5A subject to and in compliance with the provisions of § 458-b of the Real Property Tax Law.