Section 601-A. Middletown community development agency

A  community
  development agency, to be known as the Middletown community  development
  agency,  is  hereby  established for the accomplishment of any or all of
  the purposes specified in articles fifteen and fifteen-A of this chapter
  and in accordance with article eighteen of the constitution of the state
  of New York. It shall  constitute  a  body  corporate  and  politic,  be
  perpetual in duration and consist of the members of the city council and
  the mayor who shall be the chairman. It shall have the powers and duties
  now  or  hereafter  conferred  by article fifteen-A of this chapter upon
  municipal urban renewal agencies.  It shall be organized in  the  manner
  prescribed  by  and be subject to the provisions of article fifteen-A of
  this chapter and the agency, its members, officers,  and  employees  and
  its  operations  and activities shall in all respects be governed by the
  provisions of such article.