Within this article, the following words and
phrases shall have the meanings indicated:
COMMERCIAL RESIDENTIAL PROPERTY
All single-family, two-family, and other multifamily dwellings,
and all residential units in cooperative and condominium apartment
buildings for which any income is received by the owners for the use
and occupancy thereof.
INCOME-PRODUCING PROPERTY
Property owned and/or used for the purpose of securing an
income from the property itself. Such term shall include, but not
be limited to, any property that is used in whole or in part for industrial,
commercial, and/or commercial residential use.
The Village Clerk shall be authorized to promulgate
rules and regulations necessary to effectuate the purposes of this
section. Subject to the promulgation of such rules and regulations
by the Village Clerk, such statements of income and expense shall
be on such forms as are approved by the County of Nassau for similar
filings.