2023 New York Laws › PBA - Public Authorities › Article 7 - Parking Authorities › Title 8-A - Harrison Parking Authority › 1570-J - Agreements of the Village.

§  1570-j.  Agreements of the village. 1. The village is authorized to
  pledge to and agree  with  the  holders  of  any  bonds  issued  by  the
  authority  pursuant  to  this  title  and  with  those persons or public
  authorities who may enter into contracts with the authority pursuant  to
  the  provisions  of this title that the village will not alter, limit or
  impair the rights hereby vested  in  the  authority  by  this  title  to
  purchase,   construct,  own  and  operate,  maintain,  repair,  improve,
  reconstruct, renovate, rehabilitate, enlarge, increase  and  extend,  or
  dispose of any project, or any part or parts thereof, for which bonds of
  the  authority  shall have been issued, to establish, collect and adjust
  rates, rents, fees and other charges  referred  to  in  this  title,  to
  fulfill  the  terms of any agreements made with the holders of the bonds
  or with any public authority or person with reference to such project or
  part thereof, or in any way  impair  the  rights  and  remedies  of  the
  holders  of  bonds,  until  the  bonds,  together with interest thereon,
  including interest on any unpaid installments of interest, and all costs
  and expenses in connection with any action or proceeding by or on behalf
  of the holders of bonds, are fully met and discharged and such contracts
  are fully performed on the part of the authority. Nothing  contained  in
  this  title  shall  be  deemed  to  restrict any right of the village to
  amend, modify, or otherwise alter local laws, ordinances, resolutions or
  agreements imposing or relating  to  taxes  or  fees  or  appropriations
  relating  thereto.  There  shall  not  be  included  in  any resolution,
  contract or agreement with the holders of its bonds or other obligations
  any provision which provides that a default shall occur as a  result  of
  the  village  exercising its right to amend, repeal, modify or otherwise
  alter such laws, ordinances, resolutions or agreements.
2. The authority is hereby authorized, in its discretion, for  and  on
  behalf  of  itself  and  subject  to  approval  by  the village board of
  trustees and the mayor, to covenant and agree with the  holders  of  the
  bonds,  with such exceptions and limitations as it may deem to be in the
  public interest, that no public parking areas except those acquired  and
  operated by the authority will be constructed or operated in the village
  by  the  village,  or  by  any  public  benefit or other corporation the
  members or some of  which  are  elected  or  are  appointed  by  village
  officials,  until  either (a) the bonds, together with interest thereon,
  interest on any unpaid  installments  of  interest  and  all  costs  and
  expenses  in connection with any action or proceeding by or on behalf of
  the bondholders are  fully  met  and  discharged  or  (b)  principal  or
  interest of any of the bonds shall be overdue and unpaid for a period of
  three  years or more, provided that nothing in this subdivision shall be
  deemed to impair the right of the village to install and operate parking
  meters on the public streets of the village.