Any property acquired by the city specifically for industrial development purposes (except that property previously acquired by the city and now available for industrial development purposes which is located in the city Industrial Park as developed, platted, and recorded in the official records in the office of the County Recorder all pursuant to Ordinance 1983-22, passed 12- -83) shall be controlled, developed, and sold or leased to persons or entities for the sole purpose of industrial development pursuant to the provisions of IC 36-7-13-1 through 36-7-13-9 and any amendments thereto.
(Ord. 1987-11, passed 6-2-87)