As set forth by City Council in this article and subject to the authorized incentives, the Mayor is authorized to negotiate and execute one or more economic development agreements with any business that performs a commercial activity in support of aeronautical activities or users at a new business facility within the commercial aeronautical zone. The Airport Director or his or her designee shall inform the Airport Advisory Commission and the City Council within sixty (60) days of the execution of any economic development agreement executed pursuant to this article. (Ord. 15-46; Ord. 16-67)