3.52.070 Powers and duties.
A. The revolving loan program committee shall be responsible for administering the good neighbors revolving loan program. The committee shall:
1. Establish rules and procedures for soliciting loan applications from interested business and property owners;
2. Evaluate loan applicants for credit worthiness;
3. Award loans as provided in Section 3.52.100 to qualified applicants for eligible improvements;
4. Monitor existing loans by supervising repayments and collection activities by city staff; and
5. Develop and implement a promotional program to encourage public use of the revolving loan fund.
B. To accomplish these responsibilities, the committee shall be assisted by the department of planning and economic development and other city officers when directed by the mayor.