Economic Development Revolving Loan Fund Committee

The Economic Development Revolving Loan Fund Committee approves loans applied for through the Economic Development Revolving Loan program, a city-administered program leveraging federal dollars to provide "gap financing" to businesses with a primary lender. The Economic Development Revolving Loan Fund is funded with federal and state funds or Community Development Block Grants; the Revolving Loan Fund Committee manages these state funds.
 
Governing Law: The Economic Development Revolving Loan Fund Committee was set up with 
council resolution R-11-07, in accordance with state and federal Community Development Block Grant (CDBG) rules.
 
Membership and Terms: Four appointed members hold four-year terms. Indefinite terms are held by City Auditor, Director of Public Service & Safety, and Finance Committee Chair.

Appointment: Four members are appointed by the Mayor; three members are assigned by title.
 
 Members

   
Appointed by NameTerm Began:Term Expires:
MayorWilliam WolkeJuly 6, 2016December 31, 2022
MayorShirley SnyderJanuary 1, 1996December 31, 2024
MayorRichard BenderFebruary 5, 2019December 31, 2023
MayorJoseph GravesNovember 5, 2018December 31, 2025

John E. Frigge
Indefinite*

Todd SevertIndefinite*

Patrick E. J. TitteringtonIndefinite*