[HISTORY: Adopted by the Town Board of the Town of Ossining 7-27-1976 as L.L. No. 3-1976. Amendments noted where applicable.]
Pursuant to the provisions of § 485-b, Subdivision 8, of the Real Property Tax Law of the State of New York, there is hereby established an advisory board to be known as the "Industrial and Commercial Incentive Board of the Town of Ossining."
The purpose of such Board shall be to advise and make recommendations to the Town Board of the Town of Ossining (hereinafter the "Town Board") concerning options available to the Town Board in the area of partial real property tax exemption for certain commercial business or industrial improvements pursuant to § 485-b of the Real Property Tax Law, to review economic conditions in the Town of Ossining and elsewhere as appropriate and to make recommendations to the Town Board on the basis of such review as to actions it deems advisable in order to improve the economic climate in the Town of Ossining.
The Industrial and Commercial Incentive Board shall consist of five members, all of whom shall be appointed by resolution of and serve at the pleasure of the Town Board. The Town Board may by resolution designate one of the members so appointed as Chairman.
The Industrial and Commercial Incentive Board created hereby shall serve in an advisory capacity only and shall have only those duties and responsibilities as are consistent with § 485-b of the Real Property Tax Law of the State of New York.