Section 623. Albany community development agency

A community development
  agency, to be known as  the  Albany  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,  notwithstanding  any  inconsistent provision of
  section five hundred fifty-three of  this  chapter,  of  seven  members,
  including  the  mayor,  who shall be chairman, the chief fiscal officer,
  the corporation counsel, the president of the common council,  or  other
  presiding  officer  thereof,  the  director of community development who
  shall also serve as secretary of said agency, the clerk of the city, and
  the director of the office of equal employment opportunity for the  city
  of  Albany,  all of whose terms shall expire with the term of the mayor.
  It shall have the powers and duties now or hereafter covered by  article
  fifteen-A  of  this chapter upon municipal 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 covered by the provisions of such article.