Where the Board of Trustees or the Board of Appeals approves a use which will be exempt from taxation of real property as provided in the Real Property Tax Law, and with the consent of the owner of the subject property, the approval of the permit or variance may include a condition that the owner and the village execute a written agreement, in a form approved by the Village Attorney, to provide that the village will receive specified payments in lieu of taxes to help defray the cost of providing municipal services to such use.

No building, structure or premises shall be used for any purpose which is or may reasonably be expected to be obnoxious or offensive by reason of causing or emitting odor, smoke, vapor, gas, dust, garbage, refuse matter, noise or vibrations or which is or may reasonably be expected to be dangerous or harmful to or inconsistent with the good order, peace, health, safety, morals or general welfare of the community or which tends to disturb or annoy residents of the village or which involves any explosion menace or any serious fire hazard.