Section 2490-D. Purposes and powers of the authority

The purposes of the
  authority shall be  to  construct,  operate  and  maintain  the  project
  consisting  of the Saratoga Springs city center authority and facilities
  in connection therewith. To carry out the purposes the  authority  shall
  have power:
    1. To sue and be sued;
    2. To acquire, hold and dispose of personal property for its corporate
  purposes;
    3. To have a seal and alter the same at pleasure;
    4.  To  make  by-laws for the management and regulation of its affairs
  and, subject to agreements with bondholders, for the regulation  of  the
  project;
    5.  With the consent of the city council, to use agents, employees and
  facilities of the city, paying to the city its  agreed  portion  of  the
  compensation or costs;
    6.  To  appoint  officers, agents and employees; and to describe their
  qualifications and fix their  compensation;  subject,  however,  to  the
  provisions of the civil service law as hereinafter provided;
    7.  To  make  contracts  and  leases,  and  to execute all instruments
  necessary or convenient;
    8.  To  construct  such  buildings,  structures,  parking  and   other
  facilities as may be necessary or convenient;
    9. To reconstruct, improve, maintain and operate the project;
    10.  To  collect  rentals,  fees  and other charges for the use of the
  project  subject  to  and  in  accordance  with  such  agreements   with
  bondholders as may be hereinafter provided;
    11.  To  contract  for the services of architects, engineers, lawyers,
  financial and other professional advisers and to fix their compensation;
    12. To construct, operate and maintain the project;  to  contract  for
  the  construction, operation and maintenance of any part thereof, or for
  services to be performed in connection therewith; to rent part  thereof,
  and  to  grant  concessions,  all on such terms and conditions as it may
  determine; provided, however, that the  location  of  the  site  of  the
  project  and the plans thereof shall be subject to the prior approval of
  the city council.