Laserfiche WebLink
<br /> -------------------------------------------------------------------------------------------------------------------- <br />3. GENERAL <br /> A. Downtown Anchor Program (DAP) Concept Approval <br /> Staff report: Redevelopment Agency Director, May 22, 1995 <br /> Redevelopment Agency Director Church discussed the proposal for the Downtown <br /> Anchor Program. <br /> Directors discussed the program description, funding, interest rates, risks, <br /> flexibility and simplicity of the program and merchant input. <br /> MIS: BUCHAN/STEINFELD TO EXTEND THE MEETING UNTIL 11:30 P.M. <br /> CARRIED BY UNANIMOUS VOICE VOTE. <br /> Councilwoman Steinfeld expressed concern with costs of the program. <br /> Councilman Sanfilipo discussed duplication of an existing program and concerns with <br /> risk factors. <br /> Joe Steinfeld, Main Street, Redwood City expressed concerns with competition and <br /> duplication of services. <br /> Geri Myers, Broadway, Redwood City, encouraged people to support the program. <br /> Jamie Williams, Oak Park Way, Redwood City, welcomed everyone to look at the <br /> program. <br /> Stan Williams, Marshall Street, Redwood City, thanked staff for their work and discussed <br /> positive changes to downtown. <br /> MIS: BUCHANILABERGE TO APPROVE THE CONCEPTUAL FORM OF A NEW <br /> PROGRAM PROVIDING LOW INTEREST RATE LOANS TO NEW AND <br /> EXPANDING BUSINESS BUSINESSES IN DOWNTOWN. <br /> Ayes: Buchan, Hartnett, Howard, La Berge, and Chairwoman Gasparini <br /> Noes: Sanfilipo and Steinfeld <br /> MINUTE ORDER 9-95RD <br />MINUTE BOOK NO.1 Regular Redevelopment Agency Meeting Minutes <br />Page No. 266 May 22, 1995 <br /> Page 2 <br />