Economic Development Commission Revolving Loan Subcommittee

CITY OF LONG BEACH THURSDAY, DECEMBER 7, 2017 ECONOMIC DEVELOPMENT 333 W. OCEAN BOULEVARD COMMISSION REVOLVING 3RD FLOOR CONFERENCE RM, 3:30 PM LOAN SUBCOMMITTEE MINUTES Blair Cohn, Commissioner Walter Larkins, Commissioner Michelle Molina, Commissioner SPECIAL MEETING 3:30 P.M. Members Present: Cohn, Molina and Larkins CALL TO ORDER ROLL CALL NEW BUSINESS 1. 17-060ED Recommendation to approve the minutes for the meeting held November 28, 2017. Attachments: EDC Loan Minutes 11-28-17.pdf Seyed Jalali, Project Officer, Economic and Property Development spoke A motion was made by Commissioner Molina, seconded by Commissioner Larkins, to approve recommendation. The motion carried by the following vote: Yes: 3 - Cohn, Molina and Larkins 2. 17-061ED Recommendation to approve the revolving loan application in the amount of $85,000 for Karen Quimby DBA TWIG & WILLOW 4130 Atlantic Ave., Long Beach, CA 90807 Seyed Jalali, Project Officer, Economic and Property Development spoke Andria Martinez, NDC spoke Page 1 of 3 CITY OF LONG BEACH THURSDAY, DECEMBER 7, 2017 ECONOMIC DEVELOPMENT 333 W. OCEAN BOULEVARD COMMISSION REVOLVING 3RD FLOOR CONFERENCE RM, 3:30 PM LOAN SUBCOMMITTEE MINUTES Commissioner Molina spoke Dialogue ensued between Seyed Jalali, Project Officer, Economic and Property Development and Andria Martinez, NDC Commissioner Larkins spoke Commissioner Molina spoke Andria Martinez, NDC spoke Commissioner Larkins spoke Dialogue ensued between Commissioner Larkins and Andria Martinez, NDC Seyed Jalali, Project Officer, Economic and Property Development spoke Commissioner Larkins spoke Commissioner Molina spoke A motion was made by Commissioner Molina, seconded by Commissioner Larkins, to approve recommendation. The motion carried by the following vote: Yes: 2 - Molina and Larkins Abstain: 1 - Cohn 3. 17-062ED Recommendation to approve the revolving loan application in the amount of $50,000 for Gina Woodruff DBA AIM LIVING SERVICES INC. 5555 E. Stearns Suite 203, Long Beach, CA 90816 Seyed Jalali, Project Officer, Economic and Property Development spoke Andria Martinez, NDC spoke Commissioner Molina spoke Seyed Jalali, Project Officer, Economic and Property Development spoke A motion was made by Commissioner Larkins, seconded by Commissioner Cohn, to approve recommendation. The motion carried by the following vote: Yes: 3 - Cohn, Molina and 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. ADJOURNMENT Page 2 of 3 CITY OF LONG BEACH THURSDAY, DECEMBER 7, 2017 ECONOMIC DEVELOPMENT 333 W. OCEAN BOULEVARD COMMISSION REVOLVING 3RD FLOOR CONFERENCE RM, 3:30 PM LOAN SUBCOMMITTEE MINUTES Note: The Economic Development Commission Revolving Loan Subcommittee agenda and supporting documents are available on the Internet at http://longbeach.legistar.com/Calendar.aspx. Agenda items may also be reviewed in the Office of the City Clerk or 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 Revolving Loan Subcommittee 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 Revolving Loan Subcommittee after the posting of this agenda will be available for public inspection in the Office of the City Clerk during normal business hours and available 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. Page 3 of 3