City Code Section
- A. Prosper Portland is responsible for receipt of applications and review and processing thereof. Applications must be in a form established by Prosper Portland and must include, in addition to other information deemed necessary by Prosper Portland:
- 1. Company/applicant information.
- 2. Project information.
- 3. Description of labor force at existing and proposed locations.
- 4. Financial information.
- 5. Environmental control information.
- 6. Any information required by law or otherwise that is reasonable and necessary to effectuate the purposes of this Chapter.
- 7. An agreement to indemnify and hold Prosper Portland, the City, and their officers and employees harmless from any and all liability for loss or damage to the company or any third person or entity arising from or alleged to have arisen from the processing of this application or any error or omission in any official statement or representation related to the contemplated financing.
- B. The applicant must certify by letter that the issuance of revenue bonds is an inducement to locate, retain, or expand the project in Portland.
- C. The requirements of this Section are considered to be minimums, and Prosper Portland and the City reserve the right to add additional requirements on a case‑by‑case basis. Likewise, the requirements of this Section pertain only to the Prosper Portland Commission and the City and are not exclusive. Qualified bond counsel or the original purchaser may make additional requirements.