Section 926-O. Town of Niagara industrial development agency

For the
  benefit of the town of  Niagara  in  the  county  of  Niagara,  and  the
  inhabitants  thereof,  an  industrial development agency, to be known as
  the TOWN OF NIAGARA 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;
  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
  Niagara 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 Niagara. 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.