Chapter 27 UTILITIES*
Section 27-168 Loan committee.
(a) The city manager is hereby authorized
to appoint representatives of the water and light
and finance departments to administer the program. All loans shall be made based upon the
(1) The program shall be conducted
at all times based upon sound business principles and
shall in no way be deemed a welfare or social service program of the city. No loan shall be made
without having first ascertained the credit worthiness of the loan applicant and without having
obtained adequate security for any loan.
(2) After having established the credit
worthiness of the applicant, the committee shall make
its loans in such a manner to reduce, by the greatest amount possible, the consumption of electric
energy within the city. This goal shall be attained by consideration of:
a. The total
energy consumption of the applicant; and
b. The results
of an energy audit made to determine the potential impact of a loan under
the program, along with the ability of that loan to reduce the electric consumption of the
(b) No applicant shall be refused
a loan because of sex, race, religion, place of national
origin, marital status, age, sexual orientation, handicap, political affiliation or ancestry.
(c) The director of water and light
is hereby authorized to develop application forms for use
in the program.
Ord. No. 21063, §1, 9-6-11)
(Ord. 21063, Amended, 09/06/2011, Prior Text; Ord. 20065, Added, 09/15/2008)