[Amended 3-9-1999 by Ord. No. 9-99; 12-12-2000 by Ord. No. 16-2000]
The purpose of this chapter is to create the
Mullica Township Rehabilitation Committee (referred to herein as the
"MTRC"), which will review, recommend and administer emergency loans
for housing rehabilitation for the citizens of Mullica Township. For
several years preceding the adoption of this chapter, the Township
has been in receipt of community development block grants and small
cities' grants which have resulted in loans being made to various
township residents through the Mullica Township Rehabilitation Committee.
As those loans have been repaid by homeowners, funds have become available
and the Township wishes to take steps to assure that these repaid
loan funds are again made available to low- and very-low-income households
for purposes of emergency rehabilitation.
[Amended 3-9-1999 by Ord. No. 9-99]
The Mullica Township Rehabilitation Committee
shall consist of five members, including the Township Committee member
who serves as Director of Development and Housing, the Township Committee
member who serves as Director of Revenue and Finance, the Township
Clerk, the Township Code Enforcement Official and the Mullica Township
Rehabilitation Committee Administrator. At any meeting of the MTRC,
the Director of Development and Housing will serve as the Chairperson
of the MTRC.
The Chief Financial Officer shall establish
an interest-bearing account with a local financial institution. This
account shall be monitored on an annual basis by the Township Auditor,
and the Township Auditor shall provide the Township Committee with
an appropriate audit on an annual basis. The Chief Financial Officer
shall be responsible for all disbursements made from the account.
At least two signatures will be required for any activity on the account.
The Chief Financial Officer shall maintain all financial records and
will monitor the number of loans that have been made, the status of
each loan and the amount of funds that remain available to the MTRC
for future loans.
[Added 3-9-1999 by Ord. No. 9-99]
There is hereby created the position of Mullica
Township Rehabilitation Committee Administrator. Said Administrator
will be responsible for reviewing loan applications for completeness,
reviewing background information of applicants and advising the Mullica
Township Rehabilitation Committee concerning certain standards and
criteria which shall be applied based upon said background information.