City Council

11. 26-55365\nRecommendation to adopt resolution authorizing City Manager, or designee, to\nexecute an agreement, and any necessary documents including any subsequent\namendments, with the U.S. Economic Development Administration (EDA) to\nreceive and expend grant funding in the amount of $750,000, in support of the\nCity’s Revolving Loan Fund (RLF) Program for the period of April 1, 2026, to March\n31, 2029; and\nIncrease appropriations in the General Business Assistance Fund Group in the\nEconomic Development and Opportunity Department by $750,000, offset by grant\nfunding from the EDA. (Citywide)\nOffice or Department:\nEconomic Development and Opportunity\nSuggested Action:\nApprove recommendation.