pages: OaklandRedevelopmentSuccessorAgencyAndCityCouncil/2022-01-18.pdf, 19
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OaklandRedevelopmentSuccessorAgencyAndCityCouncil | 2022-01-18 | Special Concurrent Meeting of the Meeting Minutes - FINAL January 18, 2022 Oakland Redevelopment Successor Agency/City Council 2.5 Subject: Economic Development Administration (EDA) Grant Revolving Loan Fund From: Economic And Workforce Development Department Recommendation: Adopt A Resolution: (1) Accepting And Appropriating Five-Hundred And Fifty Thousand Dollars ($550,000) Awarded To The City Of Oakland By The U.S. Department Of Commerce's Economic Development Administration (EDA) For The Purpose Of Funding The City's Small Business Revolving Loan Fund For Zero Percent (0%) Interest Loans Made By June 30, 2022 In An Amount Not To Exceed One Hundred Thousand Dollars ($100,000) Each; And (2) Authorizing The City Administrator To Negotiate And Award A Professional Services Agreement With Pacific Community Ventures In An Amount Not To Exceed Eighty Thousand Dollars ($80,000) For A One Year Term To Administer The City's Small Business Revolving Loan Fund Pursuant To A Competitive Process 21-0944 Attachments: View Report View Legislation 89001 CMS Councilmember Fife made a request to move item 2.5 "Economic Development Administration (EDA) Grant Revolving Loan Fund" to the Non Consent Calendar. A motion was made by Council President Bas, seconded by Pro Tem Thao to place these items on the Non Consent Calendar. Councilmember Fife amended the first Further Resolved clause on page 2 to strike "with one two year option to renew depending upon performance and renewed funding;" Motion passed by 8 Ayes: Fife,Gallo, Kalb, Kaplan, Reid, Taylor, Thao, and Fortunato Bas A motion was made by Carroll Fife, seconded by Rebecca Kaplan, that this matter be Adopted as Amended. The motion carried by the following vote: Aye: 8 - - Thao, Taylor, Fortunato Bas, Gallo, Kaplan, Reid, Kalb, and Fife NO VOTE: 0 City of Oakland Page 19 Printed on 2/1/2022 | 19 | OaklandRedevelopmentSuccessorAgencyAndCityCouncil/2022-01-18.pdf |