Economic Development Commission Revolving Loan Subcommittee

Agenda

1. Rollcall
2. SPECIAL MEETING
3. COMMISSION MEETING VIA TELECONFERENCE PURSUANT TO EXECUTIVE ORDER N-25-20 ISSUED BY GOVERNOR GAVIN NEWSOM THE CIVIC CHAMBERS WILL BE ACCESSIBLE FOR PUBLIC OBSERVATION AND PUBLIC COMMENT
4. CALL TO ORDER
5. ROLL CALL
6. REGULAR AGENDA
7. 1. Recommendation to approve the minutes for the meeting held January 27, 2020.
   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:

8. 2. Recommendation to approve modification of all active revolving loans, allowing deferment of principal and interest payments for Nine (9) months. (Citywide)
   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:

9. 3. Recommendation to establish an Emergency Business Loan Program in response to effect of Covid-19 on local businesses. (Citywide)
   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:

10. 4. Recommendation to approve the revolving loan modification for Utopia Good Food and Fine Art, to allow for the termination and release of guaranty for Amir Zolghadr and Mitra Shahbani Yeganeh.
    ED-Agenda Item
    Action: approve recommendation Passed

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

11. PUBLIC PARTICIPATION: Members of the public are invited to address the Committee on items of interest to the public within the Committee's jurisdiction.
12. ADJOURNMENT I, Bob Mossler, Project Analyst, Economic Development Department certify that the agenda was posted not less than 24 hours prior to the meeting. Signature: _______________________________ Date: _______________
13. 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 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 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.