Title
Subject: Oakland Business Development Corporation Funding Increase
From: Community And Economic Development Agency
Recommendation: Adopt The Following Pieces Of Legislation:
1)A Resolution Authorizing The City Administrator To Supplement The Funding For Oakland Business Development Corporations An Amount Not To Exceed $95,800 Of Economic Development Initiative Funds For Fiscal Year 2010-2011, And To Accept A Contribution From The Oakland Redevelopment Agency Under The Cooperation Agreement In An Amount Not To Exceed $140,912 For Fiscal Year 2010-2011, For A New Total Contract Amount Not To Exceed $468,552 For Commercial Loan Underwriting Services