§ 281. Procedure. 1. Petition. Such petition for the establishment of\na residential or a residential and recreational area for such purpose or\npurposes shall be signed by at least twenty owners of taxable real\nproperty situate within the proposed area owning in the aggregate at\nleast two-thirds of the assessed valuation of all the taxable real\nproperty in the proposed area as shown on the last completed assessment\nrole of said village or town; provided, however, that if there be any\nresident owners, the petition shall also include the signatures of\nresident owners owning taxable real property aggregating at least\ntwo-thirds of the assessed valuation of all taxable real property in the\nproposed area owned by such resident owners, according to the last\ncompleted assessment roll of the village or town. If a portion only of a\nparcel of such real property appearing upon the assessment roll is\nsituate within the proposed area then the village board or the town\nboard may determine the relative value of the part thereof within the\nproposed area based upon the valuation of the entire parcel as the same\nappears upon such assessment roll.\n A proposal to extend such an existing area may relate to any area of\nland adjoining such an existing area and may be made by petition signed\nby any number of owners of taxable real property situate within the area\nof the proposed extension provided that such owners own in the aggregate\nat least two-thirds of the assessed valuation of all the taxable real\nproperty in the proposed extension as shown on the last completed\nassessment roll of said village or town; and further provided, that if\nthere be any resident owners, the petition shall also include the\nsignatures of resident owners owning taxable real property aggregating\nat least two-thirds of the assessed valuation of all taxable real\nproperty in the proposed extension owned by such resident owners,\naccording to the last completed assessment roll of the village or town.\nThe petition requesting the extension of an existing area shall contain\na statement requesting that the village board or the town board adopt an\nordinance or local law containing the same terms and provisions as\ncontained in the ordinance or local law for the existing area. The\nordinance or local law adopted by the village board and the town board\neffecting such extension shall contain the same terms and provisions as\nthe ordinance or local law which established the existing area and any\namendments thereof shall apply to both the existing area and to such\nareas as are extended from time to time.\n A petition shall describe the boundaries of the proposed area or\nproposed extension of an existing area in a manner sufficient to\nidentify the lands included therein as in a deed of conveyance, and\nshall be signed by the petitioners and acknowledged or proved in the\nsame manner as a deed to be recorded. Such petition shall contain a\nstatement of the uses of real property for industrial and commercial\npurposes which petitioners seek to have prohibited, restricted,\nregulated or controlled in the proposed area or proposed extension of an\nexisting area, or, in the alternative, a statement that petitioners seek\nto limit the use of all real property within the proposed area or\nproposed extension of an existing area to use for one or two family\nresidential purposes, or to use for one or two family residential and\nnon-profit recreational purposes.\n 2. Notice of hearing on petition. Whenever a petition shall be\npresented to the village board or to the town board pursuant to this\narticle for the establishment or extension of a residential or\nresidential and recreational area, the board shall adopt a resolution\nand enter the same in the minutes of its proceedings, reciting in\ngeneral terms the filing of such petition, the boundaries of the\nproposed area or proposed extension, a statement of the uses of real\nproperty for industrial and commer
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