Editor's Note: Former Part 25, Department
of Economic Development, adopted 8-3-1987, was repealed 9-24-1998
by L.L. No. 3-1998. For current provisions, see Part 24, Department
of Development and Planning.
The City of Albany Industrial Development Agency,
as created by § 903-a of the General Municipal Law, shall
consist of seven members. For the initial appointment of members,
two members shall be appointed for one-year terms, two members shall
be appointed for two-year terms and three members shall be appointed
for three-year terms, in order to create staggered terms of office
of board members. Thereafter, appointments shall be for three-year
terms. Members shall be residents of the City of Albany and whenever
possible shall have a general background or expertise in industry,
business, economic development, urban planning or banking, and possess
a commitment to the revitalization of the City. Such members may include
representatives of local government, school boards or organized labor.
Members shall serve without compensation for their services but shall
be entitled to the necessary expenses incurred in the discharge of
their duties.
When a vacancy occurs on the Industrial Development
Agency during a term of office or through expiration of term, the
Common Council shall appoint the member by resolution.
The Industrial Development Agency shall submit to
the Common Council prior notice of meetings, agendas and minutes of
meetings and an annual report of agency activities. The Industrial
Development Agency shall further file with the Clerk to the Common
Council applications and other agenda items simultaneously with their
transmission to members of the Agency.