As used in this Article, the following terms shall have the
meanings indicated:
CITY DEVELOPMENT AGENCIES
Includes every corporation which acts for or on behalf of
the City in expending money granted to the City or such corporation
for development purposes.
Each City development agency must file its annual budget with
the City Clerk no later than two weeks prior to the start of each
fiscal year. The Common Council shall hold a public hearing thereon,
upon due notice, and may comment upon said budget.
Each City development agency shall file with the City Clerk
an annual credited financial report within four months of the end
of said agency's fiscal year.
Every officer and employee of a City development agency shall be subject to the provisions of a Code of Ethics which is comparable to the City's Code of Ethics, Chapter
12 of this Code.