N.Y. General Municipal Law § 902-c: City of Mount Vernon industrial development agency

* § 902-c. City of Mount Vernon industrial development agency. (a) For

the purposes of this section "governing body" as used in title one of

article eighteen-A of this chapter shall mean the mayor of the city, and

"city" shall mean the city of Mount Vernon.

(b) For the benefit of the city of Mount Vernon and the inhabitants

thereof, an industrial development agency, to be known as the CITY OF

MOUNT VERNON INDUSTRIAL DEVELOPMENT AGENCY, is hereby established for

the accomplishment of any or all of the purposes specified in title one

of article eighteen-A of this chapter. It shall constitute a body

corporate and politic, and be perpetual in duration. It shall have the

powers and duties now or hereafter conferred by title one of article

eighteen-A of this chapter upon industrial development agencies, except

that the agency's power of condemnation shall not be exercised without

prior approval of the city council of the city, and provided that the

exercise of the powers by such agency with respect to the acquisition of

real property, whether by purchase, condemnation or otherwise, shall be

limited to the corporate limits of the city of Mount Vernon, and such

agency shall take into consideration the local zoning and planning

regulations as well as the regional and local comprehensive land use

plans. It shall be organized in a manner prescribed by and be subject to

the provisions of title one of article eighteen-A of this chapter,

except that the members shall be appointed by the mayor of said city and

shall serve at the pleasure of the mayor. The mayor shall designate the

first chairman. Except as otherwise provided in this section, the

agency, its members, officers and employees and its operations and

activities shall in all respects be governed by the provisions of title

one of article eighteen-A of this chapter.

(c) The city shall have the power to make, or contract to make grants

or loans, including but not limited to grants or loans of money, to the

agency in such amounts, upon such terms and conditions and for such

period or periods of time as in the judgment of the city and the agency

are necessary or appropriate for the accomplishment of any of the

purposes of the agency.

* NB Agency expires per §§ 856 and 882