[Adopted 9-11-1989 by L.L. No. 4-1989]
Pursuant to the authority and provisions of Subdivision 4 of § 458-a of the Real Property Tax Law of the State of New York, the Town of Ithaca hereby repeals Local Law No. 1 for the year 1985 adopted by the Town Board of the Town of Ithaca entitled "A Local Law Not To Have the Exemption of § 458-a of the Real Property Tax Law Apply to the Town of Ithaca."
By adoption of this article repealing Local Law No. 1 of the year 1985 the Town of Ithaca hereby elects to have the exemption permitted pursuant to § 458-a of the Real Property Tax Law in the maximum amount permitted by such law.