A Loan Advisory Board is hereby created to serve in an advisory capacity to the City Commission. (Ord. 2652, 1993).
The purpose of the Board shall be to consult with and advise the City Commission, City Manager and Community Development staff on matters related to changes to existing loans, primarily Tax Increment Loans. In addition, to advise on matters relating to lending funds for economic development. (Ord. 2652, 1993).
The Board shall be ad-hoc and appointed by the City Commission when needed. (Ord. 2683, 1995; Ord. 2652, 1993).
It shall be the duty of the Board to review economic development proposals involving the use of available funds and make recommendations to the City Commission and City Manager. (Ord. 2652, 1993).