After entering into an enterprise zone agreement with the City, no business shall transfer or assign any property tax exemptions approved by the City in such agreement, except with the prior written approval of the City Council, which approval may either be expressed in the specific enterprise zone agreement or may be expressed by separate legislative action of Council. Any enterprise zone agreement shall contain as a part of that agreement the requirements and provisions of this section.
(Ord. 93-183. Passed 7-6-93.)