Ordinance No. 18962 - Laserfiche WebLink

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18962 ~3} If the committee recommends approval or approval with conditions of the application, the committee shall submit its recommendation by resolution to the council. Upon receipt of the recommendation of the committee and review of the factors described in section 2.1120 of this code, the council shall within ~0 days by resolution a rove approve with conditions o pp ' r deny the application. If the application is approved or approved with conditions, the resolution shall direct the committee to futher process the application. ~4} If the committee dent's an application, the applicant shall be notified in writing within 10 days of the determination, The notice shall specify the reasons for denial. The applicant may appeal the denial by filing a written notice with the staff of the committee within 14 days of receipt of the notice of denial. The notice of appeal shall recite the name of the applicant, date of denial b the Y committee and the grounds for appeal. Within 60 days after filing the notice of appeal, the council shall review the application and approve, approve with conditions or deny the application, If the application is approved or approved with conditions, the resolution shall direct the committee to further process the application. 2,1130 Housin Develo meat Pro'ects ~- A lication Processin , Financial Considerations. tl} Upon receipt of a resolution approving and directing the further processing of an application, the director shall consider: ~ a } The bond market for the types of bonds proposed for issuance; fib} The terms and conditions of the bonds proposed for issuance; ~c} Whether the applicant is financially and otherwise responsible and fully capable and willing to fulfill its obligations under the project, ORS 2$0.410 to 280,485 and sections 2.1102 to 2.1135 of this code; and 4d} Such other relevant factors as the direc- tor considers necessary to protect the financial integrity of the city and the project, ~2} The director shall review the factors described in paragraph ~l} of this section. If the director determines that the proposed bond issue is financially feasible and meets all applicable requirements, he shall recommend to the council adoption of a resolution designating an underwriter, trustee and bond counsel and authorising the execution of appropriate agreements with each to carry out the project and issue the bonds. -5-~