Chapter 3.92


3.92.010    Administrative fee imposed.

3.92.020    Fund established – Purpose.

3.92.010 Administrative fee imposed.

Each applicant who is awarded a rental rehabilitation program loan in accordance with the program granted to the city under the grant agreement number provided in the ordinance codified in this chapter shall pay to the city as an administrative fee an amount equal to 15 percent of the rental rehabilitation program loan made to the recipient. [Ord. 982 § 1(1), 1985.]

3.92.020 Fund established – Purpose.

Said money shall be deposited into the rental rehabilitation program administration fund, which is established and which fund shall be used to defray administrative expenses, including the acquisition of necessary office equipment and supplies, consulting and administrative personnel and services. [Ord. 982 § 1(2), 1985.]