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.