Economic Development Commission Revolving Loan Subcommittee

Agenda

1. SPECIAL MEETING
2. IN-PERSON/VIRTUAL HYBRID SUBCOMMITTEE MEETING PURSUANT TO EXECUTIVE ORDER N-08-21 ISSUED BY GOVERNOR GAVIN NEWSOM
3. MICROSOFT TEAMS MEETING Call-in (audio/video) 213-279-1690,139759610# Phone Conference ID: 139 759 610#
4. CALL TO ORDER
5. ROLL CALL
6. DIRECTORS REPORT
7. REGULAR AGENDA
8. 1. Recommendation to approve the minutes for the meeting held May 3, 2021.
   ED-Agenda Item
   Action: approve recommendation Passed

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

9. 2. Recommendation to approve the revolving loan application in the amount of $50,000 for Inspyr Arts Education, LLC, 2535 E. Broadway Blvd., Long Beach, CA 90803.
   ED-Agenda Item
   Action: approve recommendation Passed

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

10. 3. Recommendation to approve the revolving loan application in the amount of $10,000 for Donovan Lamont Haley DBA KD’s Lawn Services & Odd Jobs, 2123 ½ E. 7th Street, Long Beach, CA 90804.
    ED-Agenda Item
    Action: approve recommendation Passed

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

11. PUBLIC PARTICIPATION:
12. ADJOURNMENT
13. I, Eric Romero, Business Development Officer, certify that the agenda was posted not less than 24 hours prior to the meeting.
14. Note: The Economic Development Commission Revolving Loan Subcommittee 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 Revolving Loan Subcommittee at eric.romero@longbeach.gov. Any supplemental writings or documents regarding an agenda item that are distributed to a majority of the Economic Development Commission Revolving Loan Subcommittee 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 Eric Romero 48 hours prior to the Economic Development Commission Revolving Loan Subcommittee meeting at (562) 570-6705. This information is available in an alternative format by request to Eric Romero at (562) 570-6705. For correspondence purposes you can reach City staff ateric.romero@longbeach.gov.