Economic Development Commission Revolving Loan Subcommittee

Wednesday, December 1, 2021 · 10:00 AM AM · 411 W. Ocean Boulevard 10th Floor Conference Room

TL;DR

The Economic Development Commission's Revolving Loan Subcommittee met via teleconference to review and approve routine business matters. The meeting focused on approving previous meeting minutes and a loan application for a local juice bar business.

Key Decisions

  • Approve September 21, 2021 Meeting Minutes Passed
  • Approve $99,000 Revolving Loan for Nekter Juice Bar Passed
Agenda PDF Minutes PDF

Agenda

  1. SPECIAL COMMISSION MEETING VIA TELECONFERENCE PURSUANT TO AB 361 (GOV. CODE § 54953(e)(1)-(2)) To join the meeting via meeting via WebEx https://longbeachcity.webex.com/longbeachcity/j.php?MTID=m6812b0114f24e4dc05f52e6abcb6b370 Meeting number (access code): 2494 423 1556 Meeting password: EDCDEC To join by phone +1-213-306-3065
  2. Untitled item
  3. CALL TO ORDER
  4. ROLL CALL
  5. DIRECTORS REPORT
  6. REGULAR AGENDA
  7. 1. Recommendation to approve the minutes for the meeting held September 21, 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:

  8. 2. Recommendation to approve the revolving loan application in the amount of $99,000 for SS Holdings Long Beach LLC dba Nekter Juice Bar, 6467 Pacific Coast Highway #1, Long Beach, CA 90803
    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:

  9. PUBLIC PARTICIPATION: Members of the public are invited to address the Committee on items of interest to the public within the Committee's jurisdiction.
  10. 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: _______________
  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 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.