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The City Council has found it advisable to allow the issuance of Industrial Development Revenue Bonds consistent with the applicable provisions of state and federal laws. It has also found, in guidelines adopted on April 9, 1979, that the city should be reimbursed for and from any out-of-pocket costs relating to the actual or proposed issuance of the bonds.
(Ord. 79-32, passed 5-21-1979)
Upon submission of an application requesting approval of an Industrial Development Revenue Bond issue, the applicant shall pay the fees according to the City of Bloomington Schedule of Fees and Charges (Excluding those Established by Ordinance) as it pertains to all Conduit debt funding requests and the fees outlined in the Application for Conduit Revenue Bond Project Financing.
(Ord. 79-32, passed 5-21-1979)
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