On any construction project approved by the city’s Economic Development Commission or the Community and Economic Development Loan Fund Board, and financed in whole or in part by proceeds from sale of economic development bonds, or approved by or financed through any city agency, board, committee or commission, pursuant to an Investment Incentive Program, contractors retained to complete the project shall be required to pay the employed on the project wages equal to the prevailing wage customarily paid to each class of workers engaged in similar work in the city and the surrounding area.
(Prior Code, § 60.02) (Ord. 15-1985, passed - -1985)