Section 575-A. Beacon community development agency

A Community development
  agency, to be known as  the  Beacon  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 five members  to  be  appointed  by  the  common
  council.  It shall have the powers and duties now or hereafter conferred
  by  article  fifteen-a  of  this chapter upon municipal urban renewal or
  community development agencies. It shall  be  organized  in  the  manner
  prescribed  by  and be subject to the provisions of article fifteen-a of
  the general municipal law 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.