HomeMy Public PortalAboutA 1990-08-29 LYNWOOD LOCAL DEVELOPMENT COMPANY0
LYNWOOD LOCAL DEVELOPMENT COMPANJI
BOARD OF DIRECTORS
Wednesday, Auqust ')v, 1990
7:00 p.m.
City Council Chambers
Lynwood City Ilri I I
1 I.730 Mullin Ruud
Lynwood, CA 90.62
BERNARD LAKE
SECRETARY - TREASURER
CELIA ARROYO
MEMBER
HARRY PRINS
MEMBER
E IV D
E CITY OF LYNWOOD F R
ITY CLERKS OFFICE
AUG 2SIM i
AM M
718191101ll1I11
i
LEIGHTON IIULL
PRESIDENT
WILLIAM HEI2ERRA
VICE - PRESIDENT
I. OPENING CEREMONIES:
A. CALL TO ORDER
1. Flag Salute
2. Roll Call
B. Certification of Agenda Posting
II. APPROVAL OF MINUTES - June 27, 1990
III. ITEMS FOR CONSIDERATION:
A. MICHAEL ENTIN FUNDING REQUEST
Mr. Michael Entin will be making a direct presentation
to the LLDC for financial assistance for the purpose
rehabilitation of a sub - leased property loc,itod at
11324 Long Beach Blvd., in the City of Lynwood
B. REEVALUATION OF AUDRY GRAY'S REQUEST FOR DDA FUNDING
In light of new information disclosed to staff regarding
Mr. Gray's delinquency on real estate mortgage, a
reevaluation of the June 27, 1990 LLDC's decision
relative to granting of a BDA loan to A & J Carburetors
is deemed necessary.
C. WARRAN, *EGISTER
It ti
thelattachederesolutiontht
consulting services rendered by Economic Development
Corporation of Los Angeles.
IV. STAFF ORALS
A. Presently, staff is in the of tavi c' wing Cw„
additional requests for financici.l ; ;si ;t (li
applications have been submitted by:
I. Coastal Warehouse Company
2. Lynwood Physical Therapy
13. inclusion of Mr. Shane Moshiri'u numu on Chu : ; j(j11oLu1 u
card as to expedite the process of payments for r;erviuos
received by LLDC.
V.STAFF REPORTS
A. Staff's evaluation of Mr. Entin's request for financial
ass istance -- "ATTACHMENT A."
B. Supplemental information requested on Mr. Aubry Gray of
A & J Car buretors - - "ATTACHMENT B."
C. Photocopy of correspondence to Mr. Aubry Gray, attached.
D. Updated copies of Mr. Gray's Balance Sheet and Income
Statement, attached.
VI. STAFF ORALS
A. New information obtained regarding Aubry Gray's loan request.
B. Assessment of Mr. Entin's loan request.
VIJ - DOAIID ORALS
VIII. ADJOURNMENT
To the scheduled meeting of September 26, 1990,
A