Sponsor
Alderman Coe
Title
Voting Members on Loan Board of Review be approved
Resolved, that the Loan Board of Review, created by Resolution 6609 on February 5, 1980, shall consist of the following voting members:
Director of City Development (or designee); Finance Director (or designee); Environmental Health Director (or designee); Chief Building Inspector (or designee); and one alderman appointed by the Mayor on an annual basis. The City Attorney (or designee) shall be a non-voting member.
Further Resolved, that the Loan Board of Review be authorized to administer the Housing Rehabilitation Loan Program for properties with four or fewer dwelling units, including establishing administrative rules, procedures, and program policies; approval or disapproval of individual loan applications; and monitoring of existing loans to ensure compliance with the terms and conditions of the loans and collection of loan payments. Administration by the Board pursuant to this authorization shall not need further approval by the Common Council. In all other matters to come before the Board, the Board shall advise the Common Council and the alderman appointed to the Board shall report the Board's recommendations for approval by the Common Council.
Fiscal Note: N/A