(A) The Mayor of the City of Fort Mitchell is hereby authorized and directed to execute and to file the same with the Kentucky Secretary of State, the articles of incorporation attached to Ord. 2014-15 as Exhibit “A,” to establish the Fort Mitchell Economic Development Authority, Inc., as a non-profit corporation to be the agency, and instrumentality, and constituted authority of the city pursuant to the provisions of KRS Ch. 58 and KRS Ch. 273.
(B) That the establishment of the Fort Mitchell Economic Development Authority, Inc. is for a public purpose of the city.
(Ord. 2014-15, passed 10-6-14)