Section 926-C. Town of Wilmington industrial development agency  


Latest version.
  • For the
      benefit of the town  of  Wilmington  and  the  inhabitants  thereof,  an
      industrial  development  agency,  to  be known as the TOWN OF WILMINGTON
      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  Wilmington,  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
      Wilmington,  such agency may acquire real property without the corporate
      limits of the Town of Wilmington, whether by purchase,  condemnation  or
      otherwise,  only  after it has obtained the prior written 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 Wilmington. 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.