* § 16-n. Collection of payments in lieu of taxes pursuant to leases\nwith respect to parcels within the Brooklyn bridge park civic project.\n(1) Definitions. As used in this section:\n (a) "tenant" shall mean any individual, partnership, trust, limited\nliability company, public or private corporation (including a\ncooperative housing corporation), or other entity holding the tenant's\ninterest in a residential lease;\n (b) "residential lease" shall mean a lease, sublease or other\nagreement that relates to any portion of the Brooklyn bridge park civic\nproject and is designed and intended for the purpose of providing\nhousing accommodations and such facilities as may be incidental thereto,\nthe lessor's interest in which is held by Brooklyn bridge park\ndevelopment corporation;\n (c) "underlying parcel" shall mean a parcel subject to a residential\nlease; provided, however, that in any case where the tenant's interest\nin a residential lease is held by a unit owner, "underlying parcel"\nshall mean the parcel in which the unit is included;\n (d) "unit owner" and "unit" shall have the meanings specified in\nsection three hundred thirty-nine-e of the real property law;\n (e) "parcel" shall have the meaning specified in section one hundred\ntwo of the real property tax law; provided, however, that in any case\nwhere the tenant's interest in a residential lease is held by a unit\nowner, "parcel" shall mean the real property deemed to be a parcel\npursuant to paragraph (a) of subdivision two of section three hundred\nthirty-nine-y of the real property law;\n (f) "Brooklyn bridge park" shall mean the park and facilities\nconsisting of approximately eighty-five acres in the city of New York,\ncounty of Kings, state of New York established pursuant to the Brooklyn\nbridge park civic project undertaken by Brooklyn bridge park development\ncorporation, a subsidiary of the corporation, but excluding the areas\nthereof developed or to be developed for private residential or\ncommercial use pursuant to a lease, sublease or similar agreement with\nBrooklyn bridge park development corporation which areas may be\ninclusive of any easement area granted in connection with such\ndevelopment;\n (g) "Brooklyn bridge park civic project" shall mean the park and\nfacilities consisting of approximately eighty-five acres in the city of\nNew York, county of Kings, state of New York established pursuant to the\nBrooklyn bridge park civic project and the general project plan adopted\nJuly twenty-sixth, two thousand five and affirmed as modified on January\neighteenth, two thousand six undertaken by Brooklyn bridge park\ndevelopment corporation, a subsidiary of the corporation, as such\ngeneral project plan may be further amended, modified or supplemented;\n (h) "qualified leasehold condominium" shall have the meaning specified\nin section three hundred thirty-nine-e of the real property law.\n (2) With respect to each underlying parcel which is owned in fee or\nleased pursuant to a ground lease by Brooklyn bridge park development\ncorporation and is exempt from real property taxes pursuant to this act\nor otherwise, the residential lease for such underlying parcel shall\nprovide for the payment by the tenant under such residential lease of\nannual or other periodic amounts equal to the amount of real property\ntaxes that otherwise would be paid or payable with respect to such\nunderlying parcel, after giving effect to any real property tax\nabatements and exemptions, if any, which would be applicable thereto, if\nBrooklyn bridge park development corporation was not the owner or lessee\nof the underlying parcel.\n (3) With respect to all parcels owned or leased by Brooklyn bridge\npark development corporation that do not constitute an underlying parcel\nand are exempt from real property taxes pursuant to this act or\notherwise, the lease, sublease or other agreement for such parcel or any\nportion thereof may provide for the payment by the lesse
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