§ 970-n. Joint undertakings. Two or more municipalities may in\ncombination jointly exercise the powers granted under this article\npursuant to either subdivision (a) or (b) of this section.\n (a) (i) The legislative bodies of two or more municipalities acting\nseparately may each by resolution designate the legislative body of one\nof the municipalities to act as agent for all of the interested\nmunicipalities.\n (ii) If one agent is designated pursuant to this subdivision, it shall\nobtain the report and recommendation of the planning agency of each\nmunicipality on the redevelopment plan and its conformity to the master\nplan of each municipality before presenting the redevelopment plan to\nthe legislative body of each municipality. In order for a preliminary\nplan to be adopted or for a redevelopment plan to be adopted or amended\napproval must be obtained by resolution of the legislative body of each\nmunicipality acting separately. The legislative body which has been\ndesignated as agent, the municipality which such legislative body\nrepresents and the planning agency of such municipality shall, unless\notherwise provided by this section, exercise all other powers, duties\nand responsibilities for the purpose of redevelopment pursuant to this\narticle in the same manner as if such municipality were acting alone.\n (iii) If two or more municipalities jointly exercise the powers\ngranted under this subdivision and a redevelopment plan as adopted\nprovides for the allocation of real property tax revenues pursuant to\nsection nine hundred seventy-o of this article the real property taxes\nof each municipality shall be allocated pursuant to such section.\n (iv) If two or more municipalities jointly exercise the powers granted\nunder this subdivision and the redevelopment plan as adopted provides\nfor the issuance of indebtedness pursuant to section nine hundred\nseventy-o of this article, such indebtedness shall either be issued\njointly by the municipalities and the resolution authorizing the\nissuance of such indebtedness must be approved by the legislative body\nof each municipality acting separately or shall be issued by resolution\nof the designated agent on behalf of the municipality it represents and,\nby resolution of its legislative body, each municipality shall\nirrevocably pledge the revenues allocated pursuant to section nine\nhundred seventy-p of this article to the repayment of such indebtedness\nand any interest thereon.\n (v) The joint exercise of powers authorized by this subdivision shall\nbe permitted only for the purpose of redevelopment of an area located\nwholly within each municipality and within one or more school districts.\n (b) (i) The legislature may by special act establish on behalf of and\nfor the benefit of more than one municipality, a municipal redevelopment\nauthority or empower an existing public corporation to carry out the\npurposes and provisions of this article. Upon the establishment of a\nmunicipal redevelopment authority the legislative body of each\nmunicipality shall file within one year after the effective date of such\nspecial act, in the office of the secretary of state, a certificate\nsetting forth (1) the date of passage of such special act; (2) the name\nof the authority; and (3) the name or names of the member or members\nappointed by such governing body and their terms of office. Each such\ncertificate shall be accompanied by a copy of the intermunicipal\nagreement under which membership on the authority is apportioned among\nthe sponsoring municipalities and a copy of the local law approving the\nsame. Such authority shall be deemed to be and shall be in existence\nupon the satisfactory filing and receipt of the certificate or\ncertificates required by this paragraph and shall thereafter be\nperpetual in duration.\n (ii) A municipal redevelopment authority shall be a corporate\ngovernmental agency constituting a public benefit corporation. Except as\notherwise provi
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