(A) All tax abatements which shall be granted after the effective date of this section shall include in their statement of benefits a commitment that at least 51% of new employees hired or transferred by owner shall be residents of the city.
(B) All tax abatements which shall be granted after the effective date of this section shall also include in their statement of benefits a commitment that contractors in the city will be given an opportunity to bid on all new construction. Proper legal notice shall appear in local newspapers.
(Prior Code, § 36.70) (Ord. 8171, passed 4-12-1999)