[Ord. 30-2016, passed 11-16-2016]
There is hereby created the City of Erie Business Development Revolving Loan Fund.
[Ord. 30-2016, passed 11-16-2016]
The City of Erie Business Development Revolving Loan Fund shall adopt the existing structure of the City of Erie Enterprise Zone Revolving Loan Fund for its by-laws, lending criteria, reporting obligations and repayment obligations.
[Ord. 30-2016, passed 11-16-2016]
A transfer of $250,000 from the Urban Development Action Grant funds will be utilized as the funding instrument of the City of Erie Business Development Revolving Loan Fund.