Each public depository, as defined in R.C. Chapter 135, desiring to make application for the deposit of any public moneys of the city shall, along with each bid, supply the following information concerning lending and deposits:
(a) The amount of real estate mortgage and improvement loans for the last full preceding calendar year respecting real estate in the following categories:
(1) All real estate wheresoever situated;
(2) All residential real estate wheresoever situated;
(3) All real estate situated in the city; and
(4) All residential real estate situated in the city.
(b) The percentage of real estate mortgage or improvement loans for the last full preceding calendar year invested in real estate situated in the city with respect to all such investments in real estate wheresoever situated;
(c) The following information to be reported on residential loans shall be classified separately for property containing:
(1) Dwelling units for not more than four families and condominium and co-operative units; and
(2) Dwelling units for more than four families in aggregate. Only loans closed within the previous calendar year shall be reported:
A. The number and total amount of all loans made on residential property within each census tract in the city; and
B. The number and total amount of all home improvement or rehabilitation loans made on residential properties within each census tract in the city.
(d) Copy of latest mortgage loan disclosure report required by the Home Mortgage Disclosure Act 1975, being 12 U.S.C. §§ 2801 et seq. (Title III Pub. Law No. 94-200);
(e) Copy of latest Federal Community Reinvestment Act statement, as required by Title VIII of the Housing and Community Development Act of 1977, being 42 U.S.C. §§ 5301 et seq. (Pub. Law No. 95-128);
(f) The depository limit established by Ohio R.C. 135.03, Chapter 135; and
(g) Each applicant shall meet with Council members or their representatives to review the credit needs of the community and the information supplied by the applicant with the objective of encouraging and increasing investments within the city.
(Ord. 7325, passed 8-9-1979)