§99.0403 Loan Committee — Membership — San Diego Zoning Code

There shall be a Loan Committee which shall function under Section 43(b) of the Charter of The City of San Diego until completion of the objective for which it was created at which time it shall be dissolved. Said committee shall consist of the following members:

(a) One individual from each residential rehabilitation area recommended by the Citizens Advisory Committee for the area;
(b) The City Manager or his designated representative;
(c) One individual qualified in the field of real estate lending and financing who shall be appointed by the Mayor and City Council, unless provided otherwise in any bond resolution issued pursuant to the provisions of this chapter; and

Ch. Art. Div. 9 9 4 2

San Diego Municipal Code (6-2000)

Chapter 9: Building, Housing and Sign Regulations

(d) A member of the Housing Advisory Board.

In the event a contractual arrangement is entered into by the City pursuant to Section 99.0303 under the terms of which a private lending institution or institutions agrees to manage the loan funds, the member specified in paragraph C above shall be a representative of said lending institution or institutions, and any determination on the granting of loans shall be advisory only and shall not be binding on the lending institution.

(“Loan Committee — Membership” added 1–23–1975 by O–11483 N.S.)