(A) Economic development staff and such other city staff as are necessary and appropriate shall review the application and advise the Albuquerque Development Commission if the entity and the proposed project meet the definitions of this section and the policies and objectives of the city's economic development plan. The city may at its discretion engage independent consultants to assist in the review of applications. The city may require the applicant to pay for all or a portion of the cost of engaging the consultants.
(B) The economic development staff shall determine whether the entity and the proposed project qualify under this section.
(C) City staff shall then coordinate with the qualifying entity to develop a project participation agreement as set forth in §§ 2-14-1-1 et seq.
(D) The Albuquerque Development Commission shall consider the economic development project and the project participation agreement at a public meeting in accordance with the criteria set forth in §§ 2-14-1-1 et seq. The Commission shall recommend to the Council that the proposal be adopted, conditionally adopted or not adopted.
(E) The recommendation will be forwarded with the project participation agreement, minutes of the Albuquerque Development Commission meeting and any other pertinent information to the Council for final consideration at a public hearing.
(Ord. 33-2004)