Section 908-B. City of New Rochelle industrial development agency

For the
  benefit of the city of New Rochelle  and  the  inhabitants  thereof,  an
  industrial   development  agency,  to  be  known  as  the  NEW  ROCHELLE
  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 city  of  New
  Rochelle, 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
  city of New Rochelle. 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.