§ 120-x. Agreements for joint acquisition, construction and operation
of public docks. A town and one or more villages situated wholly or
partly within such town are hereby empowered to enter into an agreement
for the joint acquisition, construction and operation of a public dock.
Such agreement shall provide for the method of acquisition or
construction of the public dock; the management and operation thereof;
the method of fixing the proportionate share of each participating
municipality and of making contributions; the method of making annual
adjustments of the proportionate shares of the annual cost and expense;
the adoption of rules and regulations in relation to the operation of
the dock and the conditions of use; the adjudication of disputes; and
other matters necessary to effectuate such an arrangement. The share of
the capital cost apportioned to the town and the village or villages
respectively may be financed by each such municipality respectively in
the manner provided in the local finance law. The share of the cost of
operation and maintenance to be paid by the town and debt service on
obligations issued to finance the town's share of capital cost shall be
included in the annual budget of the town and shall be levied against
the taxable real property in the town situated outside of such
participating village or villages. The share of the cost of operation
and maintenance to be paid by a village and debt service on obligation
issued to finance a village's share of capital cost shall be included in
the annual budget of such village and shall be levied against the
taxable real property in the village. Nothing herein contained shall be
construed to restrict or prohibit the exercise by the town of any
existing power or authority to provide dock facilities in any village
situated within such town.