HomeMy WebLinkAboutResolution 2756 Revising structure of CDBG Loan Review Committee: 7-17-89 SUPERSEDED by 2775
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COMMISSION RESOLUTION NO. 2756
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF
BOZEMAN, MONTANA, REVISING THE STRUCTURE OF THE
COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) LOAN RE-
VIEW COMMITTEE, AND SUPERSEDING COMMISSION RESOLUTION
NO. 2569.
WHEREAS, the City of Bozeman has created a Community Development
Block Grant (CDBG) Loan Review Committee to aid in administration of the
Community Development Block Grant program and funds; and
WHEREAS, the City Commission has determined that the composition of
the committee must be changed to provide a broader base of representation.
NOW, THEREFORE, BE IT RESOLVED by the City Commission of the City
of Bozeman, Montana:
Section 1
That the "CDBG Loan Review Committee" shall consist of seven (7) mem-
bers to be appointed by the City Commission. One member shall be a Planning
Staff member who shall serve as the CDBG Program Manager; and that person
shall serve in a non-voting ex officio status. The six voting members shall
be selected from the fol10wing areas and disciplines: real estate financing; the
construction industry; real estate sa les; low- and moderate-income persons; the
legal profession; and the City's Finance Department.
Section 2
The purpose of theCDBG Loan Review Committee shall be to examine all
applications for assistance under the "Deferred Payment Loan Program" and the
"Low Interest Loan Program", to solicit such information as it deems necessary
in order to adequately review said appl ications, to ensure that said applications
meet eligibility criteria as outlined in the program guidelines for the respective
loan programs, and to make funding recommendations to the City Commission.
Section 3
That each member of the CDBG Loan Review Committee shall serve for a
term of three years, with staggered terms to end on June 30 of each year.
The initial appointments to the restructured committee shall be two one-year
terms, two two-year terms and two three-year terms to provide for appropriate
staggering. The length of initial terms shall be determined by drawing of
straws, or some simi lar method, at the first meeting of the committee following
appoi ntments.
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Section 4
For purposes of conducting business, a quorum shall consist of three
voting members.
PASSED AND ADOPTED by the City Commission of the City of Bozeman
at a regular meeting thereof held on the 17th day of July 1989.
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ATTEST:
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Clerk of the Commission
APPROVED AS TO FORM:
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City Attorney
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