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4UIti LU UU IVIVA -JU fIL I I 14M.ftAkI Z A/L Z 11 A L iMA 1'i U, LI iiziL 04 r. D <br /> E. The CICD shall prepaM, and MAntit to the City for its aPPnYM, an annual <br /> budge for the DITC which shall include along with estimated management, <br /> operation and maintenance expem a specific provision for long term <br /> maintenance item. <br /> F. The CICD shall provide forProi mmnt and operation and for the <br /> maintenance of the common use areas and flicilitles of the DITC. <br /> G The Business, and Downtown Committee sW mea to review the <br /> operating aspects of the incubator and may direct chmSes to the operation <br /> and may wake recommendations fbT contractual 604M to the City <br /> Council, and Executive Board. <br /> 11. Actions by the Cit, <br /> A, The City sW reasonably cooperate with the CICD in carrying out the <br /> project: and did allocate to the CICD any,gifts or grants received by it <br /> intended for use in the DITC. The City will initially assist with snow <br /> removal, grounds keeping, major building maintenance:and insurance, It <br /> shall be the,intent, however, for rents collected to coveithe costs of these <br /> items. <br /> C. <br /> The CICD will be responsible for economic developmem loan programs. <br /> L Actions by the CICD <br /> X The CICD shall be responsible for administering, mamSingand directing <br /> the Revolving Loan Fund, the Economic Development I.= Fund, the <br /> Small and Minority Loan fund and any other loan fiinds'thatZICD and the <br /> City WM are beneficial to the City of Decatur. Vic funds shall be <br /> administered to according to MTD,CDBG,EDA and DCCAregulations. <br /> B. The CICD shall be responsible for the loan 3er-Am and collection Of each <br /> loan. <br /> C. The, CICD shall keep accurate books of account Which it shall have <br /> annually audited by independent acco=t"U and shill fimush a report <br /> thereof to the City. <br /> Actions by the City <br /> A. The City guffl reasonably cooperate with the CICD and.provide timely <br /> copies of any new regulations aS:c PrOW=,s- <br /> 3 <br />