(a) The Mayor is authorized and directed to enter into an agreement with the Bellevue Development Corporation, a copy of such agreement which is attached to original Ordinance 14-83 and made a part hereof.
(b) It is understood that henceforth the Bellevue Development Corporation shall receive and administer for the City economic development grant funds which the City may obtain.
(c) It is further understood that the Mayor shall have discretion as to which grant funds are allocated to the Bellevue Development Corporation for administration.
(Ord. 14-83. Passed 4-11-83.)