N.Y. General Municipal Law § 911-d: Town of Colonie industrial development agency

* § 911-d. Town of Colonie industrial development agency. For the

benefit of the town of Colonie and the inhabitants thereof, an

industrial development agency, to be known as the TOWN OF COLONIE

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 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 town of Colonie, and such agency

shall take into consideration the local zoning and planning regulations

as well as the regional and local comprehensive land use plans;

provided, however, that in the event a project is, or is to be located

partially outside the corporate limits of the town of Colonie, such

agency may acquire real property without the corporate limits of the

town of Colonie, whether by purchase, condemnation or otherwise, only

after it has obtained the prior consent of the governing bodies of all

the other municipal corporations in which a part or parts of the project

is, or is to be located. 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. Its members shall be appointed by the governing body of

the town of Colonie. 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.

* NB Agency expires per §§ 856 and 882