pages: RulesAndLegislationCommittee/2021-12-16.pdf, 11
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RulesAndLegislationCommittee | 2021-12-16 | *Rules & Legislation Committee Meeting Minutes - FINAL December 16, 2021 3.13 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 This City Resolution be Scheduled.to go before the * Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council to be heard 1/18/2022 City of Oakland Page 11 Printed on 1/13/2022 | 11 | RulesAndLegislationCommittee/2021-12-16.pdf |