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Application for a loan under the art district loan program shall be in such form as approved by the art district loan committee. Each application shall, at a minimum, include the following:

(1) Authorization for the City to secure the applicant's current credit report;

(2) A brief business plan, including financing and cash-flow projections that demonstrate the need for financing under the art district loan program;

(3) A resume and/or artist portfolio;

(4) Federal income tax returns of the applicant for the past three years; and

(5) A financial statement of the applicant, including a complete listing of assets and liabilities and their respective dollar values for the current year and the past three years. (Ord. No. 2002-08, § 2, 2-25-2002)