Section 119-DD. Local historic preservation programs

In  addition  to
  existing powers and authorities for local historic preservation programs
  including existing powers and authorities to  regulate  by  planning  or
  zoning  laws  and  regulations  or  by  local  laws  and regulations for
  preservation of historic landmarks and districts and use  of  techniques
  including  transfer  of  development rights, the legislative body of any
  county, city, town or village is hereby empowered to:
    1. Provide by regulations, special conditions and restrictions for the
  protection, enhancement, perpetuation  and  use  of  places,  districts,
  sites,  buildings,  structures,  works of art and other objects having a
  special character or special historical, cultural or aesthetic  interest
  or  value.  Such  regulations,  special  conditions and restrictions may
  include appropriate and reasonable control of the use or  appearance  of
  neighboring private property within the public view, or both.
    2. Establish a landmark or historical preservation board or commission
  with  such  powers  as  are  necessary  to  carry  out all or any of the
  authority possessed by the  municipality  for  a  historic  preservation
  program, as the local legislative body deems appropriate.
    3.  After  due  notice  and  public hearing, by purchase, gift, grant,
  bequest, devise, lease or otherwise,  acquire  the  fee  or  any  lesser
  interest,  development  right,  easement,  covenant or other contractual
  right necessary to achieve the purposes of this article,  to  historical
  or  cultural  property within its jurisdiction. After acquisition of any
  such  interest  pursuant  to  this  subdivision,  the  effect   of   the
  acquisition on the valuation placed on any remaining private interest in
  such  property  for purposes of real estate taxation shall be taken into
  account.
    4. Designate, purchase, restore,  operate,  lease  and  sell  historic
  buildings or structures. Sales of such buildings and structures shall be
  upon  such  terms  and  conditions  as  the local legislative body deems
  appropriate to insure the maintenance of the  historic  quality  of  the
  buildings  and structures, after public notice is appropriately given at
  least thirty days prior to the  anticipated  date  of  availability  and
  shall  be  for  fair  and  adequate  consideration of such buildings and
  structures which in no event shall be less than the expenses incurred by
  the municipality with respect  to  such  buildings  and  structures  for
  acquisition, restoration, improvement and interest charges.
    5.  Provide for transfer of development rights for purposes consistent
  with the purposes of this article.