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Revolving Loan Fund Committee
Contact
Annaka Whiting
Housing Grant Compliance Analyst
Email:

619 16th St
Moline, IL 61265

Ph: 309.524.2035
Meetings
  • 8:00 am Second Tuesday of March, June, September, December
  • City Hall - Committee of the Whole Room
    619 16th Street
    Moline, IL 61265

Members
                       

Member

Appointed

Appointment Expiration

John Wetzel

07/11/2017 07/11/2017

Mark Evans

06/01/2016 06/01/2021
Jeff Waller 12/11/2016 12/11/2021
Vacancy

 

Vacancy


Overview
The Revolving Loan Fund Committee is made up of five members. Each member serves a five year term, each staggered so that there is always a quorum of members serving. Two members constitute a quorum to do business. Members consist of individuals with financial backgrounds representing either the business community in general or a financial institution. The committee will review all applications after receipt by City staff and determine the project’s potential and the creditworthiness of the applicant(s). They shall meet with applicant(s), representative(s) of the participating lending institutions (if necessary), visit the site (if necessary), and recommend terms and lengths of the loan and the security required, and help ensure compliance with the revolving loan fund’s goals and objectives. The committee makes a recommendation for approval or denial that is brought before City Council by staff for final recommended approval or denial.