Long Beach, CA
File #: 04-1739    Version: 1 Name: Commercial and Industrial Rehabilitation Revolving Loan Fund loan to MC2 Custom Alloys, Inc.
Type: Contract Status: Withdrawn
File created: 8/17/2004 In control: City Council
On agenda: 8/17/2004 Final action: 8/17/2004
Title: Commercial and Industrial Rehabilitation Revolving Loan Fund loan to MC2 Custom Alloys, Inc. (District 9)
Sponsors: Community Development

Title

Commercial and Industrial Rehabilitation Revolving Loan Fund loan to MC2 Custom Alloys, Inc.  (District 9)

Discussion

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Timing Considerations

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Fiscal Impact

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SUGGESTED ACTION

Authorize City Manager to execute a seven-year, fully amortized Revolving Loan Fund loan to MC2 Custom Alloys, Inc. (including personal guarantees of Alan Dolch, Jerund E. Dolch, Michael J. Aroney, Kelly R. Aroney and Albert Jimenez), in the amount of $200,000 at 5.75 percent interest.

 

 

Body

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Respectfully Submited,

[Respectfully Submited,]