N.Y. General Municipal Law 922-A – Village of Hastings-on-Hudson industrial development agency
* § 922-a. Village of Hastings-on-Hudson industrial development agency. (a) For the benefit of the village of Hastings-on-Hudson, Westchester county, and the inhabitants thereof, an industrial development agency, to be known as the VILLAGE OF HASTINGS-ON-HUDSON 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 have, in addition to the powers granted herein, all the powers and duties now or hereafter conferred by title one of article eighteen-A of this chapter upon industrial development agencies, provided that in the exercise of the powers by such agency with respect to the acquisition and use of real property such agency shall take into consideration local zoning and planning regulations as well as regional and local comprehensive land use plans. It shall be organized in the manner prescribed by and, except as provided specifically herein, shall be subject to the provisions of title one of article eighteen-A of this chapter. The agency, its members, officers and employees and its operations and activities, except as provided specifically herein, shall be governed by the provisions of title one of article eighteen-A of this chapter.
Terms Used In N.Y. General Municipal Law 922-A
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
(b) In addition to the powers and duties now or hereinafter conferred by title one of article eighteen-A of this chapter, the agency shall have the power (i) to acquire, construct, renovate, own, maintain, improve, equip and lease, with an option to buy, or sell any interest in one or more warehousing facilities, including, without limitation, storage tanks for oil and other petroleum products, whether presently existing or to be constructed, together with necessary harbor facilities, loading facilities, roadways, equipment and other related facilities necessary or convenient thereto and (ii) to finance the acquisition of such facilities through the issuance of its bonds and notes, when, in the judgment of the agency, such facilities will serve to promote, develop, encourage and assist in the acquiring, constructing, reconstructing, improving, maintaining, equipping and furnishing industrial, manufacturing, warehousing, commercial, and research facilities including industrial pollution control facilities and thereby advance the job opportunities, health, general prosperity and economic welfare of the people of the state of New York and improve their prosperity and standard of living.
* NB Agency expires per §§ 856 and 882