(a) Whoever violates Section 659.02 is guilty of a misdemeanor of the first degree. Each day in which a borrower is assessed with interest on the principal loan amount of a predatory loan shall constitute a separate offense.
(c) (1) No person or business entity shall be awarded a contract with the City if the person or business entity or any of its affiliates makes predatory loans or violates RC 1349.27. Every contract with the City shall contain a provision requiring that the person or business entity with which the City is contracting must certify that neither the person or business entity nor any of its affiliates has made predatory loans or has violated RC 1349.27. Nothing in this section shall affect the validity of any contract entered into in connection with any debt obligations issued by or on behalf of the City, regardless of whether the contract was awarded in compliance with this section. Any other contract awarded in violation of this section shall be voidable at the option of the City.
(2) The Finance Director may suspend the ineligibility of a person or business entity in order to allow execution of a contract with the person or entity upon written application by the head of the City department affected by the proposed contract, setting forth facts sufficient in the judgment of the Finance Director to establish:
A. That the public health, safety or welfare of the City requires the goods or services of the person or business entity; and
B. That the City is unable to acquire the goods or services at comparable price and quality, and in sufficient quantity from another source or other sources.
(Ord. No. 737-02. Passed 4-22-02, eff. 4-25-02)