(A) A goal of the city is job creation and retention. Through the Revolving Loan Funds, the city can take an active, leading role in the economic development of the community and provide necessary assistance in meeting the stated goal.
(B) Objectives of the Revolving Loan Fund include, but are not limited to approving projects that are sound and capable of repaying the loan and to maximize earnings through investments.
(Ord. 87-27, passed 6-29-87)