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File Number: 13-394 <br />representative and loan disbursements will originate from Kiva Zip directly to the applicant via <br />a PayPal account. Other than sponsoring a loan applicant as a Trustee , the City will not have <br />any involvement in the disbursement or handling of funds between Kiva Zip and an applicant. <br />In addition to working with prospective borrowers, the City’s role as a Trustee will also entail <br />engaging in outreach activities to make sure that local small businesses are aware of the <br />program. The San Leandro Chamber of Commerce has been an active partner in helping the <br />City explore the Kiva Zip program and City staff anticipates that the Chamber will be an <br />invaluable resource for business outreach related to this program. Over time, if the program is <br />successful, City staff will be able to make use of this tool when working with new and <br />prospective business owners to help them access funding for investing in, or expanding, their <br />businesses. <br />Legal Analysis <br />The resolution and related materials have been reviewed as to form by the City Attorney’s <br />Office. <br />ATTACHMENTS <br />·Trustee Application <br />·Response Criteria <br />·Kiva Zip FAQ Sheet <br />PREPARED BY: Justin Proffitt, AICP, Development Specialist, Community Development <br />Page 3 City of San Leandro Printed on 10/15/2013