Long Beach, CA
File #: 04-2009    Version: 1 Name: Approval of Commercial and Industrial Rehabilitation Revolving Loan Fund Loan to Tenth House Enterprise, a California Corporation. (District 1)
Type: Agenda Item Status: Passed
File created: 10/18/2004 In control: City Council
On agenda: 10/19/2004 Final action: 10/19/2004
Title: Approval of Commercial and Industrial Rehabilitation Revolving Loan Fund Loan to Tenth House Enterprise, a California Corporation. (District 1)
Sponsors: Community Development
Attachments: 1. 101904-C-6sr.pdf
Title
Approval of Commercial and Industrial Rehabilitation Revolving Loan Fund Loan to Tenth House Enterprise, a California Corporation.  (District 1)
 
Discussion
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Timing Considerations
[Timing Considerations]
 
Fiscal Impact
[Fiscal Impact]
 
SUGGESTED ACTION
Authorize City Manager to execute a six-year, fully amortized loan (including personal guarantees of Michael W. Buchs and Connie J. Buchs), in the amount of $140,000 at 5.75 percent interest.
 
Body
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Respectfully Submited,
[Respectfully Submited,]