The purpose of this article is to grant incentive
for the expansion of existing businesses in the Town of Canandaigua
and the location of new businesses in said Town by granting tax exemptions
to said businesses for periods as specified herein.
The Assessors of the Town of Canandaigua shall have
the power to carry out and be charged with the duty of carrying out
the purpose and intent of Article 4-A of the Commerce Law, § 485-b
of the Real Property Tax Law and the other applicable laws of the
state and to grant to business facility owners or operators exemptions
from taxes and special ad valorem levies to the extent provided in
the aforesaid New York State laws. Said Assessors shall determine
the assessed value of the exemption pursuant to such state laws and
shall grant as an exemption 100% thereof for 10 years.