HomeMy WebLinkAbout1985-12-23 86-61 ORDER86-U
Introduced by Councilor Drown December 23. 1985
CITY OF BANGOR
(TITLE) (ffirbkro Amena ng Bangor Economic Incentive Revolving Loan_. Program,
By Bu CUP Coa wS of W City of Bnnp h
'ORD&RED, .
TTI= the first paragraph only of Part III, Paragraph 3.1 of the
Bangor Economic Incentive Revolving Loan Program be amended in its
entirety and replaced with the following: -
3.1 A Loan Review Committee is hereby established for the
purpose of evaluating all requests for assistance under
this Program. Said Committee shall consist of five
regular members and one alternate. Regular members
shall be the City Manager and Finance Director of the
City of Bangor, and three shall be from the banking
and business community. The alternate member shall
be a member of the Bangor City Council and shall parti-
cipate in the business of the Commission when a majority
of the three regular members is not available. All members
shall be -appointed annually. Each member shall serve until
a successor is appointed. The Committee shall have the
following responsibilities:
(STATEMENT OF FACT:The amendment provides an alternate member.)
'85 OEC 19 P3.5
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86-61
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Title,
. Am4n3vu1 R ns4K .4Y..WI4WiS .Y14eJSh .fl..
Revolving I Program, Part III 3.1
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�Innt/roduced and filed by ^
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V '� uncilmen