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Subject: (Direct Referral) Resolution 18-06 recommending approval of a Community Development Block Grant (CDBG) Revolving Loan Fund small business loan for $174,980 for the purpose of equipment and working capital and the creation of at least 5 full time equivalent jobs for Littleport Brewery at 214 Third Street and authorize the RDA Executive Director and Chairman to execute written agreements consistent with federal regulations. (Res. 0094-18)
Recommendation of the Redevelopment Authority on 3-1-2018: That the request of Littleport Brewing Company, LLC for use of Community Development Block Grant (CDBG) Small Business Development Revolving Loan Funds be approved. Further that the Mayor, City Clerk, and Director of City Development be authorized to execute written agreements with Littleport Brewing Company, LLC for loan assistance not to exceed One Hundred Seventy Four Thousand Nine Hundred and Eighty and 00/100 Dollars ($174,980.00) for the purpose of creating at least five [5] fu...
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