Section 895. Onondaga county industrial development agency  


Latest version.
  • 1. For the
      benefit of the county  of  Onondaga  and  the  inhabitants  thereof,  an
      industrial  development  agency,  to  be  known  as  the ONONDAGA COUNTY
      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. 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  county  of
      Onondaga.  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.
        2. In addition to the powers and duties now or hereafter conferred  by
      title  one  of article eighteen-A of this chapter, the agency shall have
      the power (i) to acquire, construct, own, maintain, and lease or sell to
      a railroad  or  private  business  corporation  any  interest  including
      easements  or  rights of way, in one or more railroad supporting service
      facilities located in Onondaga  county,  including  necessary  switching
      apparatus,  track,  and other equipment necessary or convenient thereto,
      which will  be  used  in  conjunction  with  industrial,  manufacturing,
      commercial or warehousing operations and (ii) to finance 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 and improve their prosperity and standard of living.