Along with each such bid, the Director of Finance shall obtain signature by either the Chairperson of the Board, Chief Executive Officer or an officer acceptable to the Director of Finance, of the bidding bank or savings and loan association on the following pledge: “We pledge not to arbitrarily reject mortgage loans for residential properties within a specific geographic area in East Cleveland because of the location and/or age of the property, or in the case of proposed borrower to arbitrarily vary the terms of those loans or the application procedures for those loans because of race, color, religion, national origin, age, sex or marital status. In addition, we pledge to make loans available on low and moderate income residential property in the neighborhoods of the city within the limits of our legal restrictions and prudent financial practices.”
(Ord. 7019, passed 7-5-1977)