MINUTES OF THE CITY COUNCIL

SAN JOSÉ, CALIFORNIA TUESDAY, SEPTEMBER 10, 2002

The Council of the City of San José convened in adjourned regular session at 3:50 p.m. in City Council Chambers at City Hall for a joint meeting with the Redevelopment Agency Board.

Present: Council Members - Campos, Chavez, Cortese, Dando, Diquisto, LeZotte, Reed, Williams, Yeager; Gonzales.

Absent: Council Members - Shirakawa, Jr. (Excused).

7.1 Adoption of resolution by the City Council and Agency Board approving the first amendment to the Small Business Loan Program (SBLP), which provides reduced-rate financing, targeted to downtown and Neighborhood Business Districts, making the total annual receipts program guidelines consistent with the federally established Small Business Association guidelines. (MERGED)

Documents Filed: (1) Memorandum from City Manager Del Borgsdorf and Redevelopment Agency Executive Director Susan F. Shick, dated September 10, 2002, recommending adoption of resolutions approving an amendment to the Small Business Loan Program to make the Small Business Loan Program guidelines consistent with the federally established Small Business Association guidelines. (2) Memorandum from Council Members LeZotte and Cortese, dated September 10, 2002, recommending that the covenant prohibiting the Redevelopment Agency from providing assistance to other supermarkets or grocery stores in the Downtown Core be reinstated into the Zanotto’s Loan Agreement being approved today.

Discussion/Action: Upon motion by Council Members Williams, seconded by Council Member Reed, and unanimously carried, the Staff recommendation and memorandum from Council Members LeZotte and Cortese, were approved and Resolution No. 71207, entitled: “Resolution of the Council of the City of San José Approving the First Amendment to the Small Business Loan Program, Which Provides Reduced-Rate Financing, Targeted to Downtown and Neighborhood Business Districts, Making the Total Annual Receipts Program Guidelines Consistent with the Federally Established Small Business Association Guidelines”, and Redevelopment Agency Resolution No. 5347, were adopted. Vote: 10-0-1-0. Absent: Chavez.

The Council of the City of San José and the Redevelopment Agency Board adjourned the Joint Redevelopment Agency Council meeting at 3:51 p.m.

RON GONZALES, MAYOR

ATTEST:

PATRICIA L. O’HEARN, CITY CLERK