Section 911-D. Town of Colonie Industrial development agency

For the
  benefit  of  the  town  of  Colonie  and  the  inhabitants  thereof,  an
  industrial  development  agency,  to  be  known  as  the TOWN OF COLONIE
  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
  Colonie,  and such agency shall take into consideration the local zoning
  and planning regulations as well as the regional and local comprehensive
  land use plans; provided, however, that in the event a project is, or is
  to be located partially outside the corporate  limits  of  the  town  of
  Colonie,  such  agency  may  acquire real property without the corporate
  limits of the town of Colonie,  whether  by  purchase,  condemnation  or
  otherwise, only after it has obtained the prior consent of the governing
  bodies  of all the other municipal corporations in which a part or parts
  of the project is, or is to be located.   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 Colonie. 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.