Section 925-D. Town of Oyster Bay industrial development agency

For the
  benefit of the town of  Oyster  Bay  and  the  inhabitants  thereof,  an
  industrial  development  agency,  to  be known as the TOWN OF OYSTER BAY
  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  Oyster  Bay,  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  Oyster
  Bay.  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.