NY Gen Mun L § 503-A (2021)
2021 New York Laws GMU - General Municipal Article 15 - Urban Renewal 503-A - Cooperation With Agencies.

§  503-a.  Cooperation  with  agencies.  For  the purpose of aiding an   agency established pursuant to the provisions of  article  fifteen-A  of   this chapter a municipality may:1. Delegate to such agency such of its powers enumerated under section   five hundred three of this article as it may deem appropriate, necessary   or  desirable  to effectuate the purposes and provisions of this article   and as are not inconsistent with the powers reserved  to  the  governing   body  or the commission under this article or the powers granted to such   agencies in article fifteen-A of this chapter.2. Enter into agreements with such  agency  respecting  action  to  be   taken  by  the  municipality  to  assist such agency in carrying out and   effectuating the purposes and provisions of this article and of  article   fifteen-A of this chapter. Such agreements may extend over any period of   time necessary to carry out and effectuate such purposes and provisions,   notwithstanding any provision or rule of law to the contrary.3.  Appropriate  and  expend  money and guarantee the principal of and   interest on, or only the interest on, indebtedness  contracted  by  such   agency  for  the  purpose  of aiding such agency in the carrying out and   effectuating of any urban renewal program within such municipality.  Any   obligations issued for such object or purpose shall  be  authorized  and   issued in the manner provided and subject to the provisions of the local   finance law. Such obligations or guarantees shall be deemed to be issued   or made for the purpose of effectuating an urban renewal program and the   period  of probable usefulness of said object or purpose shall be as set   forth in subdivision forty-one-a of section 11.00 of the  local  finance   law.Any  guarantee  by  a  municipality of indebtedness contracted by such   agency shall be authorized by a resolution of the finance board  of  the   municipality  (as  defined  in  the local finance law), which resolution   shall be adopted by at least a  two-thirds  vote  of  the  total  voting   strength  of  the  finance board and shall prescribe the manner in which   such guarantee shall be evidenced. If the authorization of the  issuance   of  obligations  for  such  object  or  purpose  by  the municipality is   required by law to be subject to a permissive or  mandatory  referendum,   then  the  authorization  of the guarantee of indebtedness contracted by   such agency for such object or purpose shall also be subject to  such  a   referendum.  Such  referendum shall be governed by the provisions of the   local finance law applicable to such permissive or mandatory  referendum   in such municipality.4.  For  the  purpose  of  aiding  such  agency  in  carrying  out and   effectuating the purposes and provisions of this article and of  article   fifteen-A  of  this  chapter,  with  or  without consideration as it may   determine,  (a)  dedicate,  sell,  convey,  lease,  grant  or  otherwise   transfer  any  of its right, title and interest in any property, real or   personal, to such agency, or grant  easements,  licenses  or  privileges   therein  to  such  agency;  (b) make advances, loans, grants, subsidies,   contributions and any other form of financial assistance to such agency;   (c) incur the entire expense of any public  improvements  or  facilities   necessary  or  desirable  under  the  urban  renewal plan; (d) dedicate,   close, vacate, pave, install, grade and plan, streets, roads,  sidewalks   or  other  public  ways and places; (e) plan, replan, zone or rezone any   area of  the  municipality  or  make  variances  to  building  codes  or   regulations;  and  (f)  cause  administrative,  police, sanitation, fire   protection or other municipal services to be furnished to the agency.5. Do all other things necessary or convenient to carry out the  above   powers  and  to  insure the expeditious undertaking and completion of an   urban renewal program, or part thereof, by such agency.