Economic Development Commission Revolving Loan Subcommittee
TL;DR
The Economic Development Commission's Revolving Loan Subcommittee met to review and approve a small business loan application. The committee approved the minutes from a previous meeting and a $50,000 loan for a local business.
Key Decisions
- Approve October meeting minutes Passed
- $50,000 Revolving Loan for Fastbender LLC Approved
Agenda
- CALL TO ORDER
- ROLL CALL
- DIRECTORS REPORT
- 1. Recommendation to approve the minutes for the meeting held October 27, 2020.ED-Agenda ItemAction: approve recommendation Passed
A motion was made by Cohn, seconded by Commissioner Metoyer, to approve recommendation. The motion carried by the following vote:
- 2. Recommendation to approve the revolving loan application in the amount of $50,000 for Ramon Dawson dba Fastbender LLC, 1941 San Anseline Avenue, Long Beach, CA 90815 (Council District 5)ED-Agenda ItemAction: approve recommendation Passed
A motion was made by Cohn, seconded by Commissioner Metoyer, to approve recommendation. The motion carried by the following vote:
- PUBLIC PARTICIPATION: Members of the public are invited to address the Committee on items of interest to the public within the Committee's jurisdiction.
- 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: _________
- 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.