(a) the southerly corporate boundary between the village of Tuckahoe and the village of Bronxville to Midland Avenue;

(b) Midland Avenue to its intersection with Winter Hill Road;

(c) Winter Hill Road from its intersection with Midland Avenue to its intersection with Main Street;

(d) Marbledale Road from its intersection with Main Street to a point where it intersects with the northerly corporate boundary between the village of Tuckahoe and the town of Eastchester;

(e) the northerly corporate boundary between the village of Tuckahoe and the town of Eastchester to the westerly corporate boundary between the village of Tuckahoe and the city of Yonkers; and

(f) the westerly corporate boundary between the village of Tuckahoe and the city of Yonkers to the southerly corporate boundary between the village of Tuckahoe and the village of Bronxville. 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 system shall:

(a) set forth factors necessitating the enactment of such parking 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 the 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 one hundred twenty 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 village unless otherwise specified in such local law. 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.