City Council

8. 25-55187 Recommendation to adopt resolution authorizing City Manager, or designee, to execute all documents necessary to amend Contract No. 35694 with Grow America Fund, Inc., of Cleveland, OH, a nonprofit organization, for the purpose of continuing various business loan programs administered by Grow America Fund, Inc., and to promote the City’s business assistance loan programs, to increase the annual contract amount by $10,000, for a revised annual contract amount of $85,000, with a 3 percent annual cost of living adjustment (COLA) increase for each year after the first extension year, for a total contract amount not to exceed $562,727, and extend the term of the contract for three years, with the option to renew for two additional one-year periods, at the discretion of the City Manager. (Citywide) Levine Act: Yes Office or Department: Economic Development Suggested Action: Approve recommendation.