(A) The City Council approves and adopts by reference as fully as if set out at length herein the set of local guidelines entitled "City of Bardstown, Kentucky, Requirements For Issuing Industrial Revenue Bonds." Each proposed building project involving a bond issue must be brought before the City Council for discussion and must comply with these guidelines, after which the City Council will pass an ordinance stating its position on the bond issue.
(B) The application form of the State Oversight Committee is adopted by reference as fully as if set out at length herein insofar as it is appropriate to be used as an application for consideration of a bond issue by the City Council. The application is entitled "Application for Approval of Industrial Revenue Bond Issue."
(C) The Mayor and other appropriate city officials are authorized to take further action as may be necessary to carry out the intent of this section with reference to such economic development building project and any other industrial building projects which may be presented or proposed to the City Council pursuant to this chapter.
(Ord. 304, passed 7-9-85)