Section 633. Town of Islip community development agency

An urban renewal
  agency, to be known as the Town of Islip 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, and be
  perpetual in duration. It shall  have  the  powers  and  duties  now  or
  hereafter  conferred  by  articles fifteen and fifteen-A of this chapter
  upon municipal renewal agencies and 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 Islip, 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  articles
  fifteen and fifteen-A of this chapter. Its members shall be appointed by
  the  governing  body  of  the  Town  of  Islip. The agency, its members,
  officers and employees and its operations and activities  shall  in  all
  respects be governed by the provisions of articles fifteen and fifteen-A
  of this chapter.
    Notwithstanding any other provisions of this section or any other law,
  rule  or  regulation  to  the  contrary, on July first, nineteen hundred
  eighty-one, new members of the agency shall be appointed or old  members
  shall  be  reappointed, and they shall be appointed for fixed terms. One
  shall hold office for the term of one year, one  for  the  term  of  two
  years,  and one for the term of three years. If a fourth member shall be
  appointed on such date, his term of office shall be  four  years.  If  a
  fifth  member  shall be appointed on such date, his term of office shall
  be five years. The successors to all such members shall be appointed for
  a term of  five  years  from  the  expiration  of  the  terms  of  their
  predecessors.