(A) The final legal step prior to issuance of industrial building revenue bonds is the passage of a bond ordinance by the City Council, which ordinance, if passed, shall include:
(1) The loan agreement between the city and the applicant; and
(2) The indenture of trust between the applicant and the trustee for the bond holders.
(B) If bonds are issued, the city requires an issuing fee of .02% (.0002) of the principal amount of the bond issue in consideration for the issuance of the bonds and to satisfy all costs, including attorney's fees, incurred by the city in issuing the bonds.
(Ord. 07-2002, passed 4-16-2002; Ord. 14-2003, passed 9-16-2003)