1-11-3: INDUCEMENT RESOLUTION:
At least seven (7) days prior to final action, bond counsel for the developer shall furnish to the Village legal counsel a copy of the proposed inducement resolution by which the Village approved the development and issuance of bonds in principal. Such inducement resolution shall require the affirmative vote of three-fifths (3/5) of the Corporate Authorities for passage. (Ord. 80-40, 11-17-1980)