Section 26.10.010 Urban revitalization area revenue bonds issuance.

The city may issue revenue bonds for projects located within areas designated as urban revitalization areas. Projects financed with revenue bonds which rely on the designation of an urban revitalization area include projects which are suitable for use as residential property or for the use of a commercial enterprise or a nonprofit organization. The city council must find projects using such revenue bonds to be consistent with the applicable urban revitalization plan. (Ord. S-43113, 1981)