Section 925-Z. Town of Waterford industrial development agency

For the
  benefit of the  town  of  Waterford  and  the  inhabitants  thereof,  an
  industrial  development  agency, to be known as the WATERFORD 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,  except as
  provided herein, 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
  Waterford, 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 which is to be located partially outside the corporate limits of
  the  town  of Waterford and on a parcel or parcels of land contiguous to
  the town of Waterford, such agency may acquire real property without the
  corporate  limits  of  the  town  of  Waterford,  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 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 Waterford. The agency, its members,
  officers  and  employees  and its operations and activities shall in all
  repects be governed by the provisions of title one of article eighteen-A
  of this chapter.