There is hereby established an Office for Small Business within the Department of Administration which shall be responsible for providing financial and technical assistance to eligible businesses. The Office for Small Businesses shall also:
a. 
Function in an advisory capacity to small business owners;
b. 
Help small business owners prepare documents necessary to obtain business loans, secure performance bonds and credit extensions;
c. 
To assist potential small business owners with locating office or building space for their business;
d. 
To encourage local financial institutions and other investors to provide financial assistance to eligible businesses;
e. 
To provide a forum where individuals can receive information and guidelines on how to establish or expand small businesses.
The Mayor shall appoint the appropriate personnel to oversee the operation of this office.
The Mayor shall also establish a 23 member Advisory Committee, which members shall be confirmed by the Governing Body consisting of the following: Business Administrator; a representative of the City's Legal Department; two merchant representatives from each ward; two representatives selected by each Council Member-at-Large, two representatives of the local banking community, one of whom should be familiar with the Community Reinvestment Act (C.R.A.), as well as one member of the Municipal Council as a representative of the Governing Body.
The Committee shall consist of 23 members subject to confirmation by the Council. Each shall serve for a term of four years, or until his successor shall be appointed and confirmed by Council. All appointees by the Mayor to fill vacancies shall serve for the unexpired term. In addition, all Council appointees shall serve for a term of four years.
[Ord. 6 S+FD, 3-2-1994; Ord. 6 S+FG, 5-3-1995; Ord. 6 S+FJ, 2-21-1996]
An Annual Report shall be submitted to the Municipal Council for review.