Laserfiche WebLink
activities. Program records will be maintained by the Community <br /> Development staff and financial records will be maintained primarily by the <br /> Finance Division. Where applicable, the following records will be maintained: <br /> a. Program records. The following program information will be maintained <br /> in the program project file, including but not limited to: <br /> i. Environmental report; <br /> ii. Eligibility determination records as set forth in Section VIII, <br /> Subsection E (1) (a-n); <br /> iii. Property inspection report; <br /> iv. Progress reports; <br /> V. EDA Resolutions; <br /> vi. Correspondence; <br /> vii. Loan documents; and <br /> viii. Executed loan agreement. <br /> b. Financial records. The following financial information will be maintained <br /> in the financial project file, including but not limited to: <br /> i. Copy of the executed loan agreement; <br /> ii. Disbursement data; <br /> iii. Progress reports; <br /> iv. Repayment data; and <br /> v. Amortization tables. <br /> 4. Record retention. All program and financial records, supporting documents, <br /> statistical records, environmental review records and other records pertinent to <br /> the revolving loan program shall be maintained for a period of at least three <br /> (3)years from the final project report and project closeout date. <br /> IX. Delinquena. There shall be a notification procedure for delinquent loans. <br /> A. The finance officer is responsible for the timely posting and of all loan <br /> repayments. <br /> B. Thirty day notice. Upon thirty (30) days delinquency, the finance officer will <br /> notify the Finance Director (FD) of the delinquency and the Director shall <br /> send the borrower a delinquency notice requesting payment within fifteen <br />