(A) The Revolving Loan Committee shall consist of the following:
(1) The Mayor;
(2) A member of Common Council;
(3) A member of the Economic Development Commission or Redevelopment Commission;
(4) A minimum of one citizen appointee to be appointed by the Mayor.
(B) The Clerk-Treasurer shall act as secretary of the RLC.
(C) All loans except loans to other city governmental agencies shall be secured.
(Res. 10-473, passed 7-19-10)