The landlord/sponsor of each rental unit converted to a condominium or cooperative after the effective date of the Senior Citizens and Disabled Protected Tenancy Act[1] shall pay a fee of $50 per rental unit to the Borough of Roselle. Said fee shall be for the purpose of offsetting the cost to the Borough of administering this statute at the local level.
[1]
Editor's Note: See N.J.S.A. 2A:18-61.22 et seq.