N.Y. General Municipal Law § 925-z: Town of Waterford industrial development agency

* § 925-z. Town of Waterford industrial development agency. For the

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

industrial development agency, to be known as the WATERFORD 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, except as

provided herein, 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

Waterford, 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 which is to be located partially outside the corporate limits of

the town of Waterford and on a parcel or parcels of land contiguous to

the town of Waterford, such agency may acquire real property without the

corporate limits of the town of Waterford, 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 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 Waterford. The agency, its members,

officers and employees and its operations and activities shall in all

repects be governed by the provisions of title one of article eighteen-A

of this chapter.

* NB Agency expires per §§ 856 and 882