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<br />Consider ivlicro Loan .A.pplication for Provo Enterprises, LLC <br />September 19, 2005 City CouncillvIeeting <br />Page 2 of2 <br /> <br />Staff also recolnmends tllat the City Council consider \vaiving the public 11earing scheduled <br />for October 3, 2005. In tlle past, the City Council has l1eld public hearings prior to <br />appro'ving $100,000 Tvlicro Loans. TIle Business Subsidy la\v requires that tlle City Council <br />approve the loan but only requires a public hearing if the loan exceeds $100,000. The <br />IVlicro Loan Policy is attacl1ed for your revle\v. <br />