[Adopted 10-2-1978 by L.L. No. 3-1978 (Ch. 95, Art. II of the 1977 Code)]
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.
A. 
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.
B. 
Any assessment so granted shall commence with the assessment roll prepared on the next following taxable status date of the Town of Canandaigua.