If the City Manager deems it desirable and necessary to effectuate the purposes of the program that an impound account be required to assure timely payment of taxes, insurance or a maintenance reserve, he or she may, unless precluded from doing so by state or federal law, include such a requirement in any RAP loan agreement.
(1995 Code, § 11.24.070) (Ord. 97-1800, passed - -1997)