Economic Development Commission Revolving Loan Subcommittee

CITY OF LONG BEACH TUESDAY, AUGUST 16, 2016 ECONOMIC DEVELOPMENT 333 W. OOCEAN BOULEVARD COMMISSION REVOLVING 3RD FLOOR CONFERENCE RM, 10:00 AM LOAN SUBCOMMITTEE MINUTES Blair Cohn, Commissioner Walter Larkins, Commissioner Michelle Molina, Commissioner FINISHED AGENDA AND DRAFT MINUTES CALL TO ORDER At 10:10 AM the meeting was called to order ROLL CALL Members Present: Cohn and Molina Members Excused: Larkins CONSENT CALENDAR 1. 16-034ED Recommendation to approve the minutes for the meeting held May 13, 2016. Attachments: 16-034ED EDC RLF Minutes 05.13.16.pdf A motion was made by Commissioner Molina, seconded by Commissioner Cohn, to approve recommendation. The motion carried by the following vote: Yes: 2 - Cohn and Molina Excused: 1 - Larkins REGULAR AGENDA 2. 16-035ED Recommendation to approve the Revolving Loan Modification Page 1 of 3 CITY OF LONG BEACH TUESDAY, AUGUST 16, 2016 ECONOMIC DEVELOPMENT 333 W. OOCEAN BOULEVARD COMMISSION REVOLVING 3RD FLOOR CONFERENCE RM, 10:00 AM LOAN SUBCOMMITTEE MINUTES request for Incredibly Inspiratinoal, 2009-A Palo Verde Avenue, Long Beach, CA 90815. Attachments: 16-035ED Loan Modification - Incedibly Inspirational.pdf Modification Memo - Incredibly Inspirational, Inc..pdf 10:12 AM EPD Officer Seyed Jalali 10:15 AM Commissioner Blair Cohn spoke 10:15 AM Commissioner Michelle Molina spoke 10:15 AM EPD Officer Seyed Jalali 10:15 AM Commissioner Blair Cohn spoke A motion was made by Commissioner Cohn, seconded by Commissioner Molina, to approve recommendation. The motion carried by the following vote: Yes: 2 - Cohn and Molina Excused: 1 - Larkins PUBLIC PARTICIPATION: Members of the public are invited to address the Committee on items of interest to the public within the Committee's jurisdiction. There was no public participation at this time. ADJOURNMENT The meeting was adjourned at 10:16 AM. I, Jim Fisk, Program Manager certify that the agenda was posted not less than 24 hours prior to the meeting. ________________________ Date: _____________ Note: 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 Jim Fisk 48 hours prior to the Economic Development Commission Revolving Loan Fund Subcommittee meeting at (562) 570-3863. This information is available in an alternative format by request to Jim Fisk at (562) 570-3863. For correspondence purposes you can reach City staff at jim.fisk@longbeach.gov. Page 2 of 3 CITY OF LONG BEACH TUESDAY, AUGUST 16, 2016 ECONOMIC DEVELOPMENT 333 W. OOCEAN BOULEVARD COMMISSION REVOLVING 3RD FLOOR CONFERENCE RM, 10:00 AM LOAN SUBCOMMITTEE MINUTES Page 3 of 3