Economic Development Commission Revolving Loan Subcommittee

Tuesday, July 3, 2018 · 3:00 PM AM · 333 W. OCEAN BOULEVARD 3RD FLOOR CONFERENCE RM

TL;DR

The Economic Development Commission's Revolving Loan Subcommittee met to review and approve loan applications for several local small businesses in Long Beach. The committee unanimously approved loan recommendations for four different businesses across various city districts.

Key Decisions

  • Loan for Paint on Your Face/Discoeyes Glitters Approved
  • Loan Modification for Dogz, LLC Approved
  • Loan Modification for Blankspaces, LLC Approved
  • Meeting Minutes from February 27, 2018 Approved
Agenda PDF Minutes PDF

Agenda

  1. CALL TO ORDER
  2. ROLL CALL
  3. NEW BUSINESS
  4. 1. Recommendation to approve the minutes for the meeting held February 27, 2018.
    ED-Agenda Item
    Action: approve recommendation Passed

    A motion was made by Molina, seconded by Cohn, to approve recommendation. The motion carried by the following vote:

  5. 2. Recommendation to approve the revolving loan application in the amount of $50,000 for Paint on Your Face/Discoeyes Glitters, 811 Ohio Avenue, Long Beach, CA 90804 (Council District 2)
    ED-Agenda Item
    Action: approve recommendation Passed

    A motion was made by Molina, seconded by Cohn, to approve recommendation. The motion carried by the following vote:

  6. 3. Recommendation to approve the revolving loan modification for Dogz, LLC, 5300 E. 2nd Street, Long Beach, CA 90803 (council District 3)
    ED-Agenda Item
    Action: approve recommendation Passed

    A motion was made by Molina, seconded by Cohn, to approve recommendation. The motion carried by the following vote:

  7. 4. Recommendation to approve the revolving loan modification for Blankspaces, LLC, 309 Pine Avenue, Long Beach CA 900802 (Council District 1)
    ED-Agenda Item
    Action: approve recommendation Passed

    A motion was made by Molina, seconded by Cohn, to approve recommendation. The motion carried by the following vote:

  8. PUBLIC PARTICIPATION: Members of the public are invited to address the Committee on items of interest to the public within the Committee's jurisdiction.
  9. ADJOURNMENT
  10. I, Bob Mossler, Project Analyst, Economic Development Department certify that the agenda was posted not less than 72 hours prior to the meeting. Signature: ________________________ Date: _________
  11. Note: The Economic Development Commission agenda and supporting documents are available on the Internet at http://longbeach.legistar.com/Calendar.aspx. Agenda items may also be reviewed in the Office of the City Clerk or online at the Main Library and at the Branch Libraries. Persons interested in obtaining an agenda via email should send an email request to the Clerk of the Economic Development Commission at robert.mossler@longbeach.gov. Any supplemental writings or documents regarding an agenda item that are distributed to a majority of the Economic Development Commission after the posting of this agenda will be available for public inspection in the Office of the City Clerk during normal business hours and available on the internet at: “http://longbeach.legistar.com/Calendar.aspx." The City of Long Beach intends to provide reasonable accommodations in accordance with the Americans with Disabilities Act of 1990. If a special accommodation is desired, please call Bob Mossler 48 hours prior to the Economic Development Commission meeting at (562) 570-5503. This information is available in an alternative format by request to Bob Mossler at (562) 570-5503. For correspondence purposes you can reach City staff at robert.mossler@longbeach.gov.