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The write off of this delinquent loan is necessary to accurately reflect the accounting of the City's <br /> Downtown Business Revitalization Micro Loan Program. <br /> FINANCIAL IMPACT <br /> The City's General Fund will not be affected by this write off but the Micro Loan Fund balance will be <br /> reduced. <br /> ATTACHMENTS <br /> • Resolution No. 13-03,Authorizing Write-off of Loan Balance—Nicole's Finishing Touch Salon <br /> • February 8,2008 Loan Agreement <br /> • January 14,2008—Memo to EDA,Mayor and City Council <br /> • February 8,2008—Memo to Nicole Fox,Nicole's Finishing Touch Salon <br /> • December 19, 2008—Memo to EDA Finance Committee <br /> • January 12, 2009—Request for Action to EDA <br /> • January 28, 2009 Memo to Nicole Fox,Nicole's Finishing Touch Salon <br /> • April 27, 2009 EDA Finance Committee Minutes <br /> • May 11, 2009—Request for Action to EDA <br /> • May 13,2009—Memo to Nicole Fox, Nicole's Finishing Touch Salon <br /> • Bankruptcy Discharge documents dated June 5, 2012 <br /> • August 2, 2012 Memo to Finance Committee <br />