The project agreement and the site concerned shall be awarded on the basis of the bid or the negotiated proposal by the Board of Control to the person or organization who in the opinion of the Board will best carry out the intent of the adopted and approved community development plan and which provides the best use of the redevelopment or rehabilitation site as contemplated by the plan, subject, however, to the review and approval by Council of any negotiated proposal prior to any such award by the Board, and in Federally assisted projects, subject to final approval by that agency of the United States government concerned therewith.
(Ord. No. 1492-66. Passed 12-12-66, eff. 12-14-66)