(A) Reduce political influences on the loan selection process as much as possible.
(B) Simplify the Revolving Loan Fund terms and conditions as well as the approval process so that they do not seem complicated, time consuming or cumbersome to applicants.
(C) Design loan terms and conditions that allow the city to assume greater risks than those private lending institutions are willing to take, but do not make them so risky that the city assumes bad debts.
(D) Allow for flexibility in establishing loan terms and conditions to tailor loans to the needs of individual firms.
(E) Establish clear goals and objectives for the Revolving Loan Fund.
(F) Establish and maintain a good working relationship with local private financial institutions.
(G) Structure the Revolving Loan Fund Committee and other advisory bodies to include representatives and officials interested in the Revolving Loan Fund.
(H) Operate the Revolving Loan Fund in a businesslike and professional manner.
(I) Eliminate or reduce federal requirements with which clients must comply.
(Ord. 90-1, passed 1-4-1990)