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City Council <br />Current Underwriting <br />Process: <br />Staff Responsibilities <br />Reviews each application for completeness <br />Collects $2,000 processing fee <br />Review jobs/wage goals <br />Project design, conforms to city policies and <br />ordinances, building and zoning codes. <br />Reviews availability and applicability of other <br />governmental grants or microloan programs <br />Determine financial feasibility of the project <br />no real underwriting criteria <br />Completes microloan application scoring <br />worksheet <br />