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§ 1640-k. Residential parking permit system in the city of Rensselaer.
1.  Notwithstanding  the provisions of any law to the contrary, the city
council of the city of Rensselaer may, by adoption of  a  local  law  or
ordinance,  provide  for a residential parking permit system and fix and
require the payment of fees applicable to parking  within  the  area  in
which such parking system is in effect in accordance with the provisions
of this section.
  2.  Such  residential  parking  permit  system may only be established
within the area of the city of Rensselaer consisting  of  the  following
streets:  Elm Street, East Street and Wendell Street.
  3. Notwithstanding the foregoing, no permit shall be required on those
portions  of  such  streets  where the adjacent properties are zoned for
commercial/retail use.
  4. The local law or ordinance providing for such  residential  parking
permit system shall:

(a) set forth factors necessitating the enactment of such parking permit system;

(b) provide that motor vehicles registered pursuant to section four hundred four-a of this chapter shall be exempt from any permit requirement;

(c) provide the times of day and days of the week during which permit requirements shall be in effect;

(d) make not less than twenty percent of the spaces within the permit area available to nonresidents, and shall provide short term parking of not less than ninety minutes in duration in the permit area;

(e) provide the schedule of fees to be paid for such permits; and

(f) provide that such fees shall be credited to the general fund of the city of Rensselaer. 5. No ordinance shall be adopted pursuant to this section until a public hearing thereon has been had in the same manner as required for public hearings on a local law pursuant to the municipal home rule law.