This article shall be known as the "Condominium Conversion Law
of the Town of Penfield, New York."
For the purposes of this article, a converted condominium unit
shall be defined as a dwelling unit held in condominium form of ownership
that has previously been on an assessment roll as a dwelling unit
in other than condominium form of ownership and has not been previously
subject to the provisions of Real Property Tax Law § 581,
Paragraph (1)(a), or Real Property Law § 339-y, Paragraph
(1)(b).
This article is adopted pursuant to the authority of Real Property
Tax Law § 581(1)(c) and Real Property Law § 339-y,
Subdivision a(f), which allows for the adoption of a local law providing
that the provisions of Real Property Tax Law § 581, Paragraph
(1)(a), and Real Property Law § 339-y, Paragraph (1)(b),
shall not apply to converted condominium units within a taxing jurisdiction.
This article shall apply to the entire area of the Town of Penfield.
The Assessor of the Town of Penfield is hereby directed to not
apply the provisions of Real Property Tax Law § 581, Paragraph
(1)(a), and Real Property Law § 339-y, Paragraph (1)(b),
to converted condominium units within the Town of Penfield, unless
such conversion was completed prior to the effective date of this
article.