Section 908-A. Village of Monticello industrial development agency

For the
  benefit  of  the  village  of Monticello and the inhabitants thereof, an
  industrial development agency, to be known as the VILLAGE OF  MONTICELLO
  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 village of Monticello, 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 village of
  Monticello. 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.