Economic Development Commission Revolving Loan Subcommittee

Agenda

1. CALL TO ORDER
2. ROLL CALL
3. NEW BUSINESS
4. 1. Recommendation to approve the minutes for the meeting held June 25, 2019.
   ED-Agenda Item
   Action: approve recommendation Passed

   This ED-Agenda Item was approve recommendation.

5. 2. Recommendation to approve the revolving loan modification for Restauration LB LLC dba Restauration, 2708 E. 4th Street, Long Beach, CA 90814 (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 application in the amount of $50,000 for Inspyr Arts LLC, 2535 E. Broadway Avenue, Long Beach, CA 90803 (Council District 2)
   ED-Agenda Item
   Action: approve recommendation Passed

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

7. PUBLIC PARTICIPATION: Members of the public are invited to address the Committee on items of interest to the public within the Committee's jurisdiction.
8. ADJOURNMENT 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: _________
9. 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.