Private industrial, manufacturing or commercial concerns may apply for financing pursuant to this chapter by filing an application with the city on such forms and with the city as specified pursuant to § 12.04.070 hereof and shall include, without limitation, all information necessary to evaluate the financial reliability and stability of the enterprise, to verify that long-term employment of local residents, will, in fact, be increased, and to determine that the city will receive a substantial benefit that exceeds any detriment incurred. The application shall also include the following:
(A) An estimate of the maximum amount of bonds proposed to be issued, of the sources of amounts otherwise required for the project, and an itemization of the estimated costs and any other expenses;
(B) The application shall be supplemented with a commitment by the company to comply, and/or to assist the city in complying, with all state and federal laws in the issuance of the bonds, including, without limitation, the making of any required application to a governmental department, for authorization, qualification or registration of the offer, issuance, or sale of the bonds, and any amendments thereto, and any permit or other authorization of such governmental department, prior to the delivery by the city of the bonds;
(C) The application shall be supplemented with a commitment by the company to cause and/or to assist the city in causing to be printed any prospectus or other written or printed communication proposed to be published in connection with the issuance, offer or sale of bonds, prior to the delivery by the city of the bonds, and, if deemed necessary by the city, following the delivery of the bonds;
(D) All commitments by the company shall specifically provide for the company to pay all expenses in connection with the issuance, offer or sale of the bonds, whether or not they are financially issued, to hold the city harmless from any and all expenses and liabilities related thereto and to pay items on an ongoing basis so that neither the city, nor its advisors, attorneys, employees and the like will accumulate any claims against the city;
(E) All additional information, agreements and undertakings as the city may require which are submitted to the city by a company shall be reproduced in written, printed or other tangible form shall be supplied in as many copies as the city prescribes and shall be deemed supplements or amendments to the application.
(1995 Code, § 12.04.080)