Section 898-B. Town of Islip industrial development agency

For the benefit
  of the  town  of  Islip  and  the  inhabitants  thereof,  an  industrial
  development  agency,  to  be  known  as  the  TOWN  OF  ISLIP 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 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 Islip,  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. Its members shall be
  appointed  by  the  governing body of the town of Islip. 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.