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Subject: Oakland Business Development Corporation (OBDC)
From: Community and Economic Development Agency
Recommendation: Adopt the following pieces of legislation:
1) A Resolution amending Resolution No. 78588 C.M.S. and authorizing the City Administrator to increase the amount of the agreement with the Oakland Business Development Corporation (OBDC) by $122,400 for a total amount of $512,733 during Fiscal Year 2004 - 2005 for expanded services and an increase of OBDC's lending authority to $249,500 for City commercial loan programs; and
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