[HISTORY: Adopted by the Council of the City
of Schenectady 1-3-1977 by Res. No. 77-06. Amendments noted where
applicable.]
The special act establishing the Agency was
approved July 24, 1976.
[1]
Editor's Note: The Act referred to is Chapter
783 of the Laws of 1976, which added § 903-e in Title 2,
Article 18-A, of the General Municipal Law, as follows: "§ 903-e.
City of Schenectady industrial development agency. For the benefit
of the City of Schenectady and the inhabitants thereof, an industrial
development agency, to be known as the "City of Schenectady industrial
development agency," is hereby established for the accomplishment
of any or all of the purposes specified in Title 1 of Article 18-A
of this chapter. 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 Title 1 of Article 18-A of this chapter,
upon industrial development 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 City of Schenectady, 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 Title 1 of Article 18-A of this chapter.
Its members shall be appointed by the governing body of the City of
Schenectady. The agency, its members, officers and employees and its
operations and activities shall in all respects, be governed by the
provisions of Title 1 of Article 18-A of this chapter."
The name of the Agency is the "City of Schenectady
Industrial Development Agency."[1]
[1]
Editor's Note: Original § 3, which
listed the names of the Chairman and other members of the agency,
as well as their terms, was omitted from this chapter. Current member
listings and pertinent information relating to members are on file
in the office of the City Clerk.
Facts establishing a need for an Industrial
Development Agency in Schenectady include:
A.
For the past decade, Schenectady, especially its Central
Business District, has suffered the consequences of decreasing investment.
Retail stores have closed and businesses have moved, resulting in
the reduction of the real property tax base through both in rem foreclosures
and certiorari actions.
B.
Industrial and commercial firms in other sections
of the City have moved from the City or closed operations. This has
contributed to higher unemployment in Schenectady.
C.
The City of Schenectady Industrial Development Agency
will be charged with the task of revitalizing the City's economy by
making efforts to retain those industrial and commercial firms presently
located in the City, attempting to create in Schenectady an economic
climate attractive to new firms, and reversing the trend of increasing
numbers of vacant and deteriorating buildings in the downtown and
thereby decreasing the unemployment rate.
[Added 5-18-1987 by Ord. No. 87-42; amended 5-22-2000 by Ord. No. 2000-04; 5-23-2011 by Ord. No. 2011-12]
There will be seven members of the Schenectady
Industrial Development Agency appointed by the City Council. Each
member of the Agency shall serve at the pleasure of the Council and
shall continue to hold office until a successor is appointed and has
qualified. No person may be appointed to serve as a member of the
Schenectady Industrial Development Agency unless that person resides
within the City of Schenectady.
