New York's Cooperative and Condominium Community
Our small village, Kensington, NY, where our co-op, built in 1965, is the only multiple building in the Village, just passed a local law that requires a license application and extensive self-certified documentation they say is required under the NYS Multiple Dwelling Law. The fee for this license is $1,500 plus $100 per unit (96 units) every two years. This $ 10,000 license fee is unreasonable, excessive, and does not reflect any costs the village could have in administering the license.
(If we do not comply, by September the fine is $20,000.) We are afraid that additional money-grabing licenses could be initiated such as for the pool, gym, etc. Please, any ideas would be appreciated.
I completely agree with Marty. Full Stop.
I grew up in Great Neck Village and remember the reputation Kensington had even back then ('60s and '70s). Please take Marty's advice to heart.
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You need to consult your co-op’s attorney immediately, especially given the September deadline.
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