RESOLVED; that the Board of Trustees hereby authorizes the Village Clerk to Notice a Public Hearing for Monday, March 26, 2018, 8:00pm, prevailing time, 80 Wheeler Avenue, Pleasantville, New York to hear comments as it pertains to amending Chapter 166, Article IX, Section 31 of the Village Code entitled “Cold War Veterans’ Real Property Tax Exemption as follows:

Section: 166-31 Grant of exemption

A. Residential real property  which qualifies under the provisions  of Real Property  Tax Law § 458-b shall be exempt from taxation to the extent of 15°/o of the assessed value of such  property; provided,  however, that such exemption  shall not exceed $12,000 or  the  product  of  $12,000   multiplied  by the  latest state  equalization  rate  of  the assessing  unit, or,  in  the  case  of  a  special assessing  unit,  the  latest  class  ratio, whichever is less.

TO ADD

B. The exemption  provided  under this article shall be effective for as long as a qualified owner of qualified residential real property remains a qualified owner thereof: without regard to the ten (10) year limitation period previously in effect.