(1) Prepare all forms and applications for grant and loan requests for all covered programs.

(2) Provide to the business advisory board the eligibility requirements for each individual covered program.

(3) Make recommendations for additional covered programs under the community and economic development loan and grant program when necessary.

(4) Initial review, evaluation and processing of grant and loan applications for all covered programs prior to submittal to the business advisory board to ensure compliance with all requirements, ordinances, rules, regulations, policies and guidelines of the specific covered program.

(5) Initial approval of any grant and loan applications that meet the eligibility criteria and are deemed acceptable for funding for each covered program prior to its submittal to the business advisory board for final approval.

(6) Make presentations and recommendations to the business advisory board regarding each applicant for the covered program.

(7) Negotiate all the terms and conditions of each grant and loan made under the covered programs with assistance of the city attorney's office when necessary.

(8) Manage the grant and loan portfolio.

(9) Service any loan under the covered program.

(10) Communicate with grantees or borrowers.

(11) Review and recommend policies for actions and remedies imposed for instances of default on grants and loans.

(12) Recommend actions and remedies to be imposed for instances of default on grants and loans to the business advisory board.

(13) Prepare an annual report for the business advisory board, to review and submit to the city council, regarding the status of the covered programs of the community and economic development grant and loan program; including, but not limited to, a summary of active grants and loans, an accounting of all principal and interest payments, and the status of all grant and loan applications submitted during the past year.

(14) Manage grant and loan programs in accordance with funding agreements, including any required reports, plans and correspondence. (Ord. No. 2018-60, § 2, 12-10-2018)