922-E - Village of Wayland industrial development agency.
§ 922-e. Village of Wayland industrial development agency. For the benefit of the Village of Wayland and the inhabitants thereof, an industrial development agency, to be known as the VILLAGE OF WAYLAND 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 village of Wayland and that part of the town of Wayland which is two thousand feet east, six hundred feet south and continguous to said village, 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. Its members shall be appointed by the governing body of the Village of Wayland. 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. In addition to the powers and duties now and hereafter conferred upon industrial development agencies pursuant to article eighteen-A of this chapter, the agency shall have the power to acquire, own, rent, lease, convey or otherwise dispose of any interests in real property or improvements therein, including, without limitation, streets and roads, sewers, storm drains, lighting, sidewalks and necessary appurtenances thereto, which in the judgment of the agency will serve to permit or make possible the construction of residential housing units or other facilities which will promote and maintain sound commerce and industry and the agency shall be authorized to issue bonds or notes in furtherance of these powers.