City Council

11. 26-55365 Recommendation to adopt resolution authorizing City Manager, or designee, to execute an agreement, and any necessary documents including any subsequent amendments, with the U.S. Economic Development Administration (EDA) to receive and expend grant funding in the amount of $750,000, in support of the City’s Revolving Loan Fund (RLF) Program for the period of April 1, 2026, to March 31, 2029; and Increase appropriations in the General Business Assistance Fund Group in the Economic Development and Opportunity Department by $750,000, offset by grant funding from the EDA. (Citywide) Office or Department: Economic Development and Opportunity Suggested Action: Approve recommendation.