* This transcript was created by voice-to-text technology. The transcript has not been edited for errors or omissions, it is for reference only and is not the official minutes of the meeting. [00:00:02] NOW THE MIC IS OFF. OKAY. ALL RIGHT. I WOULD LIKE TO CALL THE ECONOMIC DEVELOPMENT COMMISSION REVOLVING LOAN SUBCOMMITTEE MEETING TO ORDER FOR AUGUST 7TH, 2024. MADAM CLERK, PLEASE CALL RO YOU. COMMISSIONER CO. HERE. COMMISSIONER TS. COMMISSIONER MATOYA. HERE WE HAVE MORE. OKAY. READ THIS FOR THE RECORD. OKAY. FOR THE RECORD, COMMISSIONER LARKIN IS RUNNING A LITTLE LATE AND MAY OH, 15, 20 MINUTES LATE. OKAY. YEAH. ARE THERE ANY OBJECTIONS FROM THE COMMISSIONER? NO OBJECTIONS? YES. FOR HIS TARDINESS OR LETTING US KNOW? OKAY. SO ROLL CALL CLERK, MADAM CLERK, PLEASE CALL THE ROLL. COMMISSIONER COHEN HERE. COMMISSIONER MARKETS. COMMISSIONER MCCORY. HERE WE HAVE COURT. OKAY. GOING TO THE AGENDA. OUR FIRST AGENDA ITEM IS RECOMMENDATION TO APPROVE THE MINUTES FOR THE ECONOMIC DEVELOPMENT COMMISSION REVOLVING LOAN SUBCOMMITTEE MEETING ON WEDNESDAY, JUNE 5TH. MAY I HAVE A MOTION TO HEAR THIS ITEM? SO MOVED. SECOND. IT WAS MOVED BY COMMISSIONER MCCOY HAS SECOND BY COMMISSIONER COHEN. ARE THERE ANY QUESTIONS ON THE MINUTES? MADAM CLERK, PLEASE CALL THE VOTE. BEFORE WE CALL THE VOTE, I JUST WANNA ACKNOWLEDGE THAT THERE IS NO PUBLIC HERE TO MAKE A PUBLIC COMMENT. THANK YOU. MM-HMM. . COMMISSIONER COHEN? YES. COMMISSIONER MONTOYA? YES. MOTION CARRIES. THANK. ALL RIGHT. RECOMMENDATION TO APPROVE THE REVOLVING LOAN APPLICATION IN THE AMOUNT OF 99,000 FOR THE TLC INTERPRETING AND TRANSLATION SERVICES, INC. LOCATED AT 6 4 4 4 EAST SPRING STREET. NUMBER EIGHT 20, LONG BEACH, CALIFORNIA, 9 0 8 1 5. MAY I HAVE A MOTION TO HEAR THIS ITEM? SO MOVED. I HAVE A SECOND. I SECOND. THAT'S MOVED BY COMMISSIONER COHEN AND SECONDED BY COMMISSIONER MONTOYA. AND I'D LIKE TO INTRODUCE OUR GIRL AMERICA REPRESENTATIVES, ANDRE MARTINEZ, TO DISCUSS THIS [00:36:34] VOTE. [00:36:35] MR. [00:36:36] CO. [00:36:36] YES, [00:36:37] MR. [00:36:38] OR [00:36:39] I WASN'T HERE FOR A WHOLE THING? THING FOR THIS ONE. MR. ? YES. MOTION CASE. THANK YOU. ONE THING WE'LL DO SOME HOMEWORK ON IS LIKE, YOU KNOW, SO THEY ARE EDA FUNDS LOOKING AND SEE, YOU KNOW, WHAT IS IN THEIR, THEIR FEDERAL STATUTE. I'M MAYBE, I'M SURE YOU PROBABLY KNOW OFF THE TOP OF YOUR HEAD, BUT JUST SO WE HAVE A REALLY GOOD UNDERSTANDING OF THAT, YOU KNOW, GIVEN THAT THE SUBC COMMITTEE WANTS TO PRIORITIZE THAT, WE'LL HAVE MORE CLARITY ON THAT EXAMPLE. YEAH. IT HAS TO DO WITH HOW YOU APPLIED FOR THE FUNDS. AND WE DID APPLY FOR BUSINESSES LOCATED WITHIN THE CITY LIMITS. SO IT IS VERY MUCH, IT IS MUCH MORE GEOGRAPHICAL, UH, FOR EDA. AND SO THE, WHEN WE DID THE APPLICATION FOR MORE FUNDING, IT'S BASED ON THAT AREA THAT WE IDENTIFIED IN OUR APPLICATION. UM, OKAY. ARE WE, DO YOU WANT ME TO MOVE TO THE NEXT ONE? YEAH, LET ME GO AHEAD AND READ IT OUT. OKAY. SO, UM, ITEM NUMBER THREE, RECOMMENDATION TO APPROVE THE REVOLVING LOAN APPLICATION IN THE AMOUNT OF 99,000 FOR BRAVEN AGENCY LOCATED AT 2 9 9 1 CHESTNUT AVENUE, LONG BEACH, CALIFORNIA, 9 0 8 0 6. MAY I HAVE A MOTION TO HEAR THIS ITEM? I MOVE. SECOND. MOVED BY COMMISSIONER COHEN, SECONDED BY COMMISSIONER. AND WE'LL HAVE, UH, I CONTINUE WITH THIS PRESENTATION. [00:47:11] MADAM [00:47:12] COURT, PLEASE CALL THEM REVOKED. AND THEN JUST TO ANNOUNCE FOR THE, UH, WE DON'T HAVE ANY PUBLIC, UH, COMMENTERS HERE, SO THERE'S NO PUBLIC COMMENT. COMMISSIONER COHEN? YES. COMMISSIONER LARKINS? YES. COMMISSIONER MONTOYA? YES. MOTION CARRIES. THANK YOU. THANK YOU. SO PUBLIC COMMENT TIME AT THIS TIME. NON THEY'RE NOT PUBLIC COMMENT SEEING THEM. DANA? WELL, ONE BOOK NOT QUITE PUBLIC COMMENT CAN MAKE AN ANNOUNCEMENT. ANNOUNCEMENT. ANNOUNCEMENT? NOT YET. LET'S GET US AN ORDER. ALL RIGHT. DOES I LOVE IT. I LIKE IT. I DON'T KNOW HOW I'D DO OFF THIS GROUP. OKAY, SO NOW WE'RE TO THE ANNOUNCEMENT PERIOD. ARE THERE ANY ANNOUNCEMENTS FROM THE COMMISSIONERS? OKAY. YEAH, THERE IS A POTENTIAL ANNOUNCEMENT. I AM, I, I KNOW THERE TOO, BUT RULING OFF THE, UH, COMMISSION AT SOME POINT IN THE FUTURE, I DON'T KNOW WHAT THAT'S GONNA BE, BUT IT'LL BE WITHIN THE NEXT FEW MONTHS. AND, UH, ONE COMMISSIONER HAS EXPRESSED INTEREST, SO WE'RE PROBABLY GONNA TO HAVE ANOTHER MEETING TO BRING UP WHO'S GONNA REPLACE MYSELF AND ALSO, UH, BLAIR. BUT ON THE COMMITTEE, UH, ONE OF THE COMMISSIONER EXPRESSED INTEREST, SO WE TO FIND OUT WHO ELSE EXPRESSED INTEREST AS WELL. BRENDA, ONCE SHE'S A ENTREPRENEUR, BUSINESS OWNER HERSELF. MM-HMM. . SO I THINK SHE BE A GOOD ADDITION. AND WHOEVER ELSE YOU GUYS MIGHT WANT TO TALK TO, YOU SAY, I LEFT. YEAH. OH, , LET'S POINTING OVER, LOOKING AT YOU WHEN TALKING TO PEOPLE . SO KEEP THAT IN MIND FOR BOTH OF YOU. IF THERE'S SOMEONE ELSE THAT YOU THINK YOU WOULD BE COULD, UH, IN ADDITION, AND BLAIR HAD BROUGHT THE SAME THING AND THE POINT THAT WE MADE THAT THE COMMISSION, THIS GROUP COMES FROM THE ECONOMIC DEVELOPMENT COMMISSION, THE POINT FROM THE MAYOR'S OFFICE. SO HAS TO GO THROUGH THAT PROCESS. BUT EVEN THOUGH YOU'RE ANTICIPATING NO LONGER BE A PART OF IT, IT'S A PROCESS BEFORE WE GET TO THAT POINT. YEAH. WELL I'M SAYING THAT YOURSELF, YOU HAVE TO BE OUT THERE OR YOU TALK TO PEOPLE. YES. YES. WE, AND WE DO APPRECIATE THAT. YES. THANK, THANK DO ANY OTHER ANNOUNCEMENTS, COMMISSIONER? OKAY. UM, ALL RIGHT. I JUST HAVE TO MAKE A REQUEST. SO WITH, UM, WITH THESE TWO LOANS, SO WE RECEIVED CDG FUNDING IN SEPTEMBER OF LAST YEAR, OR OCTOBER OF LAST YEAR. MM-HMM. FOR $651,000. WITH THESE TWO LOANS [00:50:01] WE ARE AT 660,000. WOW. SO THAT IS, AND WE HAVE TO DO IT AND ISSUE THE CHECKS BY SEPTEMBER 15TH. PERFECT. SO WE REALLY, SO IT WAS AN ABSOLUTE, IT, IT HAS BEEN, IT'S NOT, WE HAVEN'T CROSSED THAT FINISH LINE YET, BUT IT'S BEEN AN ABSOLUTE TEAM EFFORT FROM START TO FINISH WOULD NOT HAVE BEEN ABLE TO DO IT WITHOUT EVERYONE SITTING AT THE TABLE, WITHOUT THE COMMISSIONERS, WITHOUT HAVING A REGULAR SCHEDULE OF MEETINGS, WITHOUT ANDREA AND BRIAN AND EVERYONE BEING ABLE TO DO THIS. SO IT'S BEEN A LONG TIME COMING. SO I APPRECIATE YOU GUYS COMING TOGETHER AND HELPING US WITH THAT WHEN WE DO CROSS THE FINISH LINE. WE'LL, YOU KNOW, LET YOU GUYS KNOW MORE THAN LIKELY AT OUR SEPTEMBER OCTOBER MEETING THAT WE'VE ACCOMPLISHED THIS TRULY SO TAPE OUT THERE. WELL, GOOD JOB EVERYONE. THAT'S SO EXCITING. 'CAUSE I HATE WHEN MONEY ROLLS OVER INTO THE NEXT YEAR, . WELL, THIS WOULD NOT, THIS WOULD NOT HAVE ROLLED OVER. IT WOULD'VE GONE UNSPENT. AND SO WE DID NOT WORSE. YES, WE DID NOT WANT THAT TO BE THE CASE. SO, CONGRATULATIONS. EVERY, YOU GUYS DID A FANTASTIC , FANTASTIC JOB. THERE'S NO MORE ANNOUNCEMENTS THAN I WILL DECLARE THIS MEETING, JUDGE. THANK YOU. * This transcript was created by voice-to-text technology. The transcript has not been edited for errors or omissions, it is for reference only and is not the official minutes of the meeting.