New York Laws
Title 2 - Municipal Industrial Development Agencies
902-C - City of Mount Vernon Industrial Development Agency.

(b) For the benefit of the city of Mount Vernon and the inhabitants
thereof, an industrial development agency, to be known as the CITY OF
MOUNT VERNON 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, except
that the agency's power of condemnation shall not be exercised without
prior approval of the city council of the city, 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 city of Mount Vernon, 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,
except that the members shall be appointed by the mayor of said city and
shall serve at the pleasure of the mayor. The mayor shall designate the
first chairman. Except as otherwise provided in this section, 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.
(c) The city shall have the power to make, or contract to make grants
or loans, including but not limited to grants or loans of money, to the
agency in such amounts, upon such terms and conditions and for such
period or periods of time as in the judgment of the city and the agency
are necessary or appropriate for the accomplishment of any of the
purposes of the agency.
* NB Agency expires per §§ 856 and 882

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