Long Beach

City Council

July 18, 2023 Item #7

Agenda Item 7

7. 23-0745 Recommendation to approve the defederalization of Revolving Loan\nFunds (RLF) from Economic Development Administration (EDA) grant\naward number 07-49-05046; and\nAuthorize City Manager, or designee, to enter into an agreement with\nEDA to affect such defederalization and restrict future use of existing\nRLF funds. (Citywide)\nOffice or Department: ECONOMIC DEVELOPMENT\nSuggested Action: Approve recommendation.