The Village Board shall, within 30 days, review findings and recommendations of the Mayor's Council for Economic Development, and following a public hearing, may grant the requested tax abatement. The concurring vote of four of the elected members of the Village Board shall be necessary to reverse the recommendations of the Mayor's Council for Economic Development. The concurring vote of the majority of the elected members of the Village Board shall be necessary to approve or concur with the recommendations of the Mayor's Council for Economic Development.
(Res. 375-85, passed 1-2-85)