5 20-0349 Subject: BRT Business Assistance Fund Addressing COVID-19 From: Councilmember Bas and Taylor Recommendation: Adopt A Resolution Amending Resolution No. 85286 C.M.S. To Allow Businesses Along The Bus Rapid Transit (BRT) Route To Apply For Business Assistance Fund Grants Due To Impacts From The COVID-19 Crisis; And Amending Resolution No. 86321 C.M.S. To Modify Business Assistance Fund Program Guidelines To: A. Add "Working Capital" As An Eligible Use Of Funds; B. Amend The Equitable Distribution Model Guidelines To Take Into Account Financial Loss Due To The COVID-19 Crisis; And C. Allow The Reallocation Of Funds From One Sub- District To Another Should There Be A Lack Of Eligible Businesses - City of Oakland

Meeting: Special Concurrent Meeting of the Oakland Redevelopment Successor Agency/City Council on 2020-05-05 1:30 PM - Please See The Agenda To Participate In The Meeting

Meeting Time: May 05, 2020 at 1:30pm PDT

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Agenda Item

5 20-0349 Subject: BRT Business Assistance Fund Addressing COVID-19 From: Councilmember Bas and Taylor Recommendation: Adopt A Resolution Amending Resolution No. 85286 C.M.S. To Allow Businesses Along The Bus Rapid Transit (BRT) Route To Apply For Business Assistance Fund Grants Due To Impacts From The COVID-19 Crisis; And Amending Resolution No. 86321 C.M.S. To Modify Business Assistance Fund Program Guidelines To: A. Add "Working Capital" As An Eligible Use Of Funds; B. Amend The Equitable Distribution Model Guidelines To Take Into Account Financial Loss Due To The COVID-19 Crisis; And C. Allow The Reallocation Of Funds From One Sub- District To Another Should There Be A Lack Of Eligible Businesses

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