(a) The County Fiscal Officer shall require each business participating in the linked deposit program to annually supply to the County, upon such forms as the County Fiscal Officer directs, at least the following information:
(1) Name of lending institution;
(2) Name of business;
(3) Date of loan;
(4) Amount of loan;
(5) Number of jobs created or retained within the County; and
(6) Description of use of loan.
(b) The County Fiscal Officer shall provide for an annual review of each business and residential property participating in the linked deposit program, and annually report these findings to the Investment Advisory Board and County Council.
(c) Lenders participating in the linked deposit program shall be those lenders with deposit and loan services located within County of Summit, having depository agreements with the County. Applications shall be made upon such forms as the County Fiscal Officer shall provide.
(d) The County Executive, upon recommendation of the County Fiscal Officer, shall execute depository agreements with eligible lending institutions to carry out the purposes of the linked deposit program.
(Ord. 2007-531. Adopted 10-15-07.)
(Ord. 2007-531. Adopted 10-15-07.)