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The City of Danville and County of Boyle agree to create the Danville-Boyle County economic development authority, Inc. (hereinafter “authority”), to acquire, retain and develop land for industrial and commercial purposes; to aide in the development and promotion of industrial sites, parks and subdivisions for accommodating industrial and commercial needs; to encourage, promote and stimulate the acquisition, retention and development of land for industrial and commercial purposes by other local development organizations, both public and private, as defined by KRS 154.50-310, pursuant to the purposes of KRS 154.50-313, and in accordance with the functions, powers, and privileges specified by KRS 154.50-313, 340 and 343 respectively.
(Ord. No. 1962, § 1, 4-26-21)