The City shall enter into an intergovernmental agreement pursuant to ORS 190.003 et. seq. with the Port of Hood River to provide for the initial financing for the preliminary surveys and feasibility analysis and further to ascertain whether tax increment financing as provided in ORS 457.420 – ORS 457.460 is feasible for such a project. (Ord. 1585, 1987; Ord. 1579, 1986)