pages: CommunityAndEconomicDevelopmentCommittee/2019-05-28.pdf, 3
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CommunityAndEconomicDevelopmentCommittee | 2019-05-28 | *Community & Economic Meeting Minutes - FINAL May 28, 2019 Development Committee 2) A Resolution: 1. Authorizing Reappropriation And Use Of $394,739 In Surplus Community Development Block Grant Funds For Fiscal Year 2019- 2020 And Fiscal Year 2020-2021 Community Development Block Grant Programs And Activities; And 2. Authorizing The Use Of Approximately $1,632,035 In Surplus Community Development Block Grant Funds And Approximately $579,100 In Surplus Revolving Loan Program Income For Fiscal Year 2019-2020 And 2020-2021 Residential Lending/Rehabilitation Programs; And 3. Authorizing Use Of Available 2014 Housing Opportunities For Persons With Aids Grant Funds To Increase Existing Grant Agreement With Contra Costa County By $57,193 As Approved By The U.S. Department Of Housing And Urban Development; And 4. Reinstating Previously Approved Community Development Block Grant Funds For The Bus Rapid Transit/Business Mitigations Assistance Program; And 5. Authorizing The Allocation Of Up To $236,712 In Economic Development Initiative Funds To The City's Commercial Lending Program For FY 2019-2020 To Supplement Community Development Block Grant Funds Awarded To Main Street Launch 18-1843 Attachments: View Report 87730 CMS This City Resolution be Approved the Recommendation of Staff, and Forward.to go before the * Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council to be heard 6/4/2019 4 Subject: Write Off Of Three Loans For Total Of $241,926 From: Housing And Community Development Department Recommendation: Adopt A Resolution Authorizing The City Administrator To: Write-Off Three Uncollectible Loans For A Total Of $241,926 Under The Economic Development Administration Revolving Loan (EDA RL) Program To Decrease - Reportable Default Rate, Enabling The City To Maintain The EDA RL Balance For Future Loans To Oakland Small Businesses; And Authorize Without Returning To Council, Future Small Business Loans That Meet The EDA RL Grant Requirements Up To The Available Balance Of $201,676.30 Under EDA Award #07-39-02873 18-1820 Attachments: View Report 87722 CMS There was one speaker on this item. This City Resolution be Approved the Recommendation of Staff, and Forward.to go before the * Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council to be heard 5/4/2019 Aye 4 - Reid Taylor Bas, Gallo NO VOTE 0 City of Oakland Page 3 Printed on 7/9/2019 | 3 | CommunityAndEconomicDevelopmentCommittee/2019-05-28.pdf |