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Subject: Oakland Business Development Corporation
From: Community and Economic Development Agency
Recommendation: Adopt a Resolution amending Resolution Number 77823 C.M.S. to increase the amount of the contract with the Oakland Business Development Corporation (OBDC) by $80,000 for a total contract of $395,000 during Fiscal Year 2003-2004 to continue the expansion of OBDC's lending authority and provide loan servicing for the City's and Redevelopment Agency's loan portfolio, and allocating $ 2,400 for contract compliance
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