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This entry was published on 2015-03-20
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SECTION 925-Z
Town of Waterford industrial development agency
General Municipal (GMU) CHAPTER 24, ARTICLE 18-A, TITLE 2
* § 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