A loan is hereby authorized from the general fund to the golf course fund to pay the cost of preparing a preliminary financial feasibility study, property appraisals, property surveys, and other start-up costs. The loan shall be at such interest rate as is determined by the finance officer of the city and shall be at an interest rate or rates that, in the determination of the finance officer, represents a reasonable rate of return to the general fund. The term of the loan shall not exceed three years without approval of the city council. The loan shall be repaid from the proceeds of revenue bonds and/or other obligations or other money of the city available therefor. (Ord. 1642 § 2, 1988)