Meeting Time: May 28, 2019 at 1:30pm PDT
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Agenda Item

4 18-1820 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