N.Y. General Municipal Law § 503-a: Cooperation with agencies

§ 503-a. Cooperation with agencies. For the purpose of aiding an

agency established pursuant to the provisions of article fifteen-A of

this chapter a municipality may:

1. Delegate to such agency such of its powers enumerated under section

five hundred three of this article as it may deem appropriate, necessary

or desirable to effectuate the purposes and provisions of this article

and as are not inconsistent with the powers reserved to the governing

body or the commission under this article or the powers granted to such

agencies in article fifteen-A of this chapter.

2. Enter into agreements with such agency respecting action to be

taken by the municipality to assist such agency in carrying out and

effectuating the purposes and provisions of this article and of article

fifteen-A of this chapter. Such agreements may extend over any period of

time necessary to carry out and effectuate such purposes and provisions,

notwithstanding any provision or rule of law to the contrary.

3. Appropriate and expend money and guarantee the principal of and

interest on, or only the interest on, indebtedness contracted by such

agency for the purpose of aiding such agency in the carrying out and

effectuating of any urban renewal program within such municipality. Any

obligations issued for such object or purpose shall be authorized and

issued in the manner provided and subject to the provisions of the local

finance law. Such obligations or guarantees shall be deemed to be issued

or made for the purpose of effectuating an urban renewal program and the

period of probable usefulness of said object or purpose shall be as set

forth in subdivision forty-one-a of section 11.00 of the local finance

law.

Any guarantee by a municipality of indebtedness contracted by such

agency shall be authorized by a resolution of the finance board of the

municipality (as defined in the local finance law), which resolution

shall be adopted by at least a two-thirds vote of the total voting

strength of the finance board and shall prescribe the manner in which

such guarantee shall be evidenced. If the authorization of the issuance

of obligations for such object or purpose by the municipality is

required by law to be subject to a permissive or mandatory referendum,

then the authorization of the guarantee of indebtedness contracted by

such agency for such object or purpose shall also be subject to such a

referendum. Such referendum shall be governed by the provisions of the

local finance law applicable to such permissive or mandatory referendum

in such municipality.

4. For the purpose of aiding such agency in carrying out and

effectuating the purposes and provisions of this article and of article

fifteen-A of this chapter, with or without consideration as it may

determine, (a) dedicate, sell, convey, lease, grant or otherwise

transfer any of its right, title and interest in any property, real or

personal, to such agency, or grant easements, licenses or privileges

therein to such agency; (b) make advances, loans, grants, subsidies,

contributions and any other form of financial assistance to such agency;

(c) incur the entire expense of any public improvements or facilities

necessary or desirable under the urban renewal plan; (d) dedicate,

close, vacate, pave, install, grade and plan, streets, roads, sidewalks

or other public ways and places; (e) plan, replan, zone or rezone any

area of the municipality or make variances to building codes or

regulations; and (f) cause administrative, police, sanitation, fire

protection or other municipal services to be furnished to the agency.

5. Do all other things necessary or convenient to carry out the above

powers and to insure the expeditious undertaking and completion of an

urban renewal program, or part thereof, by such agency.