Prospective industries will contact the city’s development corporation for assistance in submitting an application for economic development funding. The applicant with assistance from the city’s development corporation shall submit information to the city on application forms prepared by the state’s Economic Development Board and also on such forms as deemed necessary by the city. The city application forms are intended to provide detailed information regarding the proposed specific impacts the industry will have on the local city area. The provisions of ARSD Chapter 68:02:01 relating to application and borrower reporting requirements of the state’s economic development regulations shall also be required by the city. In general, the application forms and related information will be handled by the city in a confidential manner in accordance with law.
(Ord. passed - -)