§ 623. Albany community development agency. A community development
agency, to be known as the Albany community development agency, is
hereby established for the accomplishment of any or all of the purposes
specified in articles fifteen and fifteen-A of this chapter and in
accordance with article eighteen of the constitution of the state of New
York. It shall constitute a body, corporate and politic, be perpetual in
duration and consist, notwithstanding any inconsistent provision of
section five hundred fifty-three of this chapter, of seven members,
including the mayor, who shall be chairman, the chief fiscal officer,
the corporation counsel, the president of the common council, or other
presiding officer thereof, the director of community development who
shall also serve as secretary of said agency, the clerk of the city, and
the director of the office of equal employment opportunity for the city
of Albany, all of whose terms shall expire with the term of the mayor.
It shall have the powers and duties now or hereafter covered by article
fifteen-A of this chapter upon municipal renewal agencies. It shall be
organized in the manner prescribed by and be subject to the provisions
of article fifteen-A of this chapter and the agency, its members,
officers and employees and its operations and activities shall in all
respects be covered by the provisions of such article.