Upon receipt of an application containing all required information, agreements and undertakings, the city council shall at such time as is deemed convenient by it review such application and any staff recommendations with respect thereto. If the city council chooses to approve any application for financing under this ordinance, it shall adopt a resolution accepting and approving such application and the participation of the city in the financing of such project, subject to the provisions of this ordinance and the conclusion of all proceedings undertaken to consummate such financing to the satisfaction of the city.
(Ord. 1423 (part))