Res 2000 - Business Loan Assistance Program COUNCIL BILL NO. 2871
RESOLUTION NO. 2000
A RESOLUTION RENEWING AN AGREEMENT WITH THE MID - WILLAMETTE COUNCIL
OF GOVERNMENTS TO ADMINISTER THE BUSINESS ASSISTANCE LOAN PROGRAM
WHEREAS, in 2009, the City Council established a Council Goal to promote
economic development and created a Business Assistance Loan Program ( "the
Program "); and
WHEREAS, the City contracted with the Mid - Willamette Council of Governments
( "the COG ") to administer this program; and
WHEREAS, in the last two years, the COG's administrative costs have increased;
and
WHEREAS, the Business Loan Program Guidelines should be renamed Business
Loan Program Standards, to make it easier to administer the Program; NOW,
THEREFORE,
THE CITY OF WOODBURN RESOLVES AS FOLLOWS:
Section 1. The Agreement for Business Loan Assistance Services with the COG
(affixed to this Resolution as Attachment "A ") is renewed effective July 1, 2011
and shall expire on June 30, 2013.
Section 2. The City Administrator is authorized to execute said agreement on
behalf of the City.
Section 3. The Business Loan Program Guidelines shall be renamed Business
Loan Program Standards, to make it easier to administer the Program.
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Approved as to form:
City Attorney -' .— Date
A ved • . .4.
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Kathr Figle , May.r
Page 1 — Council Bill No. 2871
Resolution No. 2000
Passed by the Council Of2Od/
Submitted to the Mayor (p728* /
Approved by the Mayor WZ9/24bef
Filed in the O lc- of the Ree • i :1 //frts/(
ATTEST: ,...,/garAita
Christina Shea - ity Recorder
City of Woodburn, Oregon
Page 2 - Council Bill No. 2871
Resolution No. 2000