(A) The Council of the city hereby finds and determines that the Economic Development Commission’s funds may be used to pay preliminary expenses in connection with negotiations concerning the terms and conditions for financing of economic development or pollution-control facilities.
(B) (1) Expenditures may be made from time to time in accordance with policies and procedures established by the Commission, and shall be approved by the President of the Economic Development Commission.
(2) These expenditures shall be in amounts not to exceed the amounts set forth in the budget previously approved for the Commission.
(3) All claims for payment of these funds shall be submitted on standardized forms through the office of the City Controller.
(1979 Code, § 31.23) (Ord. 3352, passed 11-4-1981)