titleConsideration of delegating approval of all small business forgivable loans to staff
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Submitted by:
Jennifer Ferguson
Department:
Econ Developemnt
Years back, the CDA delegated approval of sign forgivable loans to staff to streamline the process for businesses and CDA agendas. At this time, staff is proposing the same for the remaining forgivable loan programs. In lieu of bringing each application before the CDA for approval, staff will review and approve applications internally against program requirements. Staff will send periodic summary emails to the CDA to inform members of approved loans, as well as the remaining program fund balance.