Report to Mayor and City Council
Tuesday, March 16, 2021
Consent
SUBJECT:
Title
CONSIDER AMENDMENT NO. 3 TO A CONTRACT WITH THE CALIFORNIA COMMUNITY ECONOMIC DEVELOPMENT ASSOCIATION, A NONPROFIT ORGANIZATION (C-20-044), TO PROVIDE ASSISTANCE TO CARSON BUSINESSES IN APPLYING FOR LOANS MADE AVAILABLE THROUGH THE CITY'S CORONAVIRUS SMALL BUSINESS LENDING/GRANT PROGRAMS (CITY COUNCIL)
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I. SUMMARY
At the February 16, 2021 Mid-Year Budget Review, the City Council discussed the status of the City's COVID Small Business Loan Program and gave direction to staff and the program administrator, the California Community Economic Development Association ("CCEDA"), a California non-profit organization, to continue to process loan applications currently in the pipeline but to not seek to sign more businesses up for the program.
The Council appropriated enough money to finish out the loan pipeline and to amend the CCEDA contract to cover the Technical Assistance, underwriting, packaging, and closing of these loans. CCEDA was also administering the City's CDBG-funded Small Business Grant Program, and those files are now being transferred to City staff to complete the process with the current applicants. This item is to consider Amendment No. 3 to the agreement with CCEDA for another $30,000 to complete these tasks.
II. RECOMMENDATION
Recommendation
1. APPROVE Amendment No. 3 to a contract with the California Community Economic Development Association ("CCEDA"), a California non-profit organization for the purpose of operating a Small Business Assistance Program Carson for retail and commercial businesses and non-profits.
2. APPROVE the acceptance of a grant of $20,000 made by the Union Pacific Foundation through the Carson Community Foundation for the purpose of the City's Small Business Lending Program.
3. AUTHORIZE the Mayor to execute the amendment, following approval as to form by the City Attorney.
1.
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III. ALTERNATIVES
TAKE another action the Cou...
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