§ 2.12.950. Application to industrial revenue bond issues.

(a)

From the effective date of the ordinance codified in this section, no industrial revenue bonds of the city shall be issued until:

(1)

There shall be included in the lease agreement between the city and its industrial revenue bond lease tenant provisions requiring said tenant to comply with the ordinances of the city, as presently exist or as may be hereinafter adopted, pertaining to civil rights and equal employment opportunity; and

(2)

The industrial revenue bond lease tenant has submitted to the citizen rights and services board of said city, tenant's equal employment opportunity/affirmative action program for review and approval and said program has been approved.

(b)

The provisions for exemption contained in the civil rights and equal employment opportunity ordinances of the city shall apply to industrial revenue bond lease tenants when any industrial revenue bond tenant has and maintains during the term of the bonds a current federally approved equal employment opportunity plan, and submits to the citizen rights and services board of the city a current federal certificate of compliance. A current federal certificate of compliance will mean that an industry has been approved and is presently operating under a certificate or is performing work under a contract for the federal government or an agency thereof. A tenant's submission of a current federal certificate of compliance to the citizen rights and services board of this city shall satisfy the requirement set out in subdivision (a)(2) of this section.

(Ord. No. 38-407 § 9)