The city may, in the interest of economic development, grant such incentives and tax credits permissible under KRS Ch. 154. Such incentives and tax credits as are permissible under law may be granted by resolution approved by a majority of the City Council. Upon approval by the City Council, the Mayor shall sign such resolution and, upon endorsement by the Clerk, deliver same to the proper recipients.
(Ord. 001-518, passed 3-26-2001)