Section 1621-D. Purpose and powers of the authority

The purpose of the
  authority shall be to provide, operate or maintain, or  any  combination
  thereof,  one  or  more projects in the city. To carry out said purpose,
  the authority shall have power:
    1. To sue and be sued;
    2. To have a seal and alter the same at pleasure;
    3. To acquire, hold and dispose of personal property for its corporate
  purposes, including the  power  to  purchase  prospective  or  tentative
  awards in connection with the condemnation of real property;
    4.  To  acquire real property subject to the approval of at least four
  members of the common council in the name of the  city  by  purchase  or
  condemnation or gift, and use necessary real property. All real property
  acquired  by  the  authority  by  condemnation  shall be acquired in the
  manner provided  in  the  eminent  domain  procedure  law,  and  further
  provided,  that  the authority shall give the common council of the city
  written notice of its  intent  to  acquire  any  land  by  condemnation,
  whereupon  said common council, within a period of forty-five days after
  the giving of such notice, by resolution voted upon affirmatively by  at
  least  two  members of such common council, may determine that such land
  shall not be so acquired, in which event the authority shall be  without
  further power to so acquire the same by condemnation;
    5.  To  make by-laws for the management and regulation of its affairs,
  and, subject to agreements with bondholders, for the regulation  of  the
  project;
    6.  With  the  consent  of  the  city  to  use  agents, employees, and
  facilities of the city, including the corporation counsel, paying to the
  city its agreed proportion of the compensation or costs;
    7. To appoint an attorney, and to fix his or her compensation;
    8.  To  appoint  officers,  agents,  employees,  and  consultants,  to
  prescribe  their  qualifications and to fix their compensation; subject,
  however, to the provisions of the  civil  service  law,  as  hereinafter
  provided;
    9.  To  designate  officers  and  employees,  appointed or used by the
  authority, as hereinabove specified, who shall  be  empowered  to  issue
  appearance  tickets  as provided for in article one hundred fifty of the
  criminal procedure law. Persons so designated are hereby  authorized  to
  issue and serve such tickets for traffic infractions relating to parking
  within  "project"  areas  as  defined herein, in accordance with law and
  when authorized by local law of the city to issue and serve such tickets
  for traffic infractions committed anywhere in  such  city  including  at
  parking spaces controlled by parking meters;
    10.  To make contracts, leases, as lessor or lessee, and any operating
  agreement, and to execute all instruments necessary or convenient;
    11. To acquire, construct, reconstruct, improve, equip and furnish any
  project as may be necessary or convenient;
    12. To maintain and operate any projects;
    13. To accept grants, loans or contributions from the  United  States,
  the  state  of  New  York, or any agency or instrumentality of either of
  them, or the city, or any person, by bequest or otherwise, and to expend
  the proceeds for any purposes of the authority;
    14. To fix and collect rentals, fees and other charges for the use  of
  any  project  and  to  pledge the same, all subject to and in accordance
  with such agreements with bondholders as  may  be  made  as  hereinafter
  provided;
    15.  To  construct, operate or maintain in the projects all facilities
  and equipment necessary or convenient in connection  therewith;  and  to
  contract  for  the  providing,  operation  or  maintenance  of any parts
  thereof or for services to be performed;  to  rent  parts  thereof,  and

  grant concessions, all on such terms and conditions as it may determine;
  provided,  however,  that neither the authority, the city, or any agency
  of the authority or city, or  any  other  person,  firm  or  corporation
  shall,  within  or  on  any  property  comprising  a part of any project
  authorized by this title, sell, dispense or otherwise handle any product
  used in or for the servicing of any motor vehicle using any  project  or
  facilities authorized by this title.