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Minutes - San Leandro City Council Meeting - November 7, 1994 Page - 8 - NEW BUSINESS (continued) The following Resolution was then introduced: Resolution No. 94-203, Resolution Approving Requirements for Encroachment Permits for Fiber Optic Cable (directs City Manager to require that fiber- optic cable installations by outside vendors allow for concurrent or future City telecommunications use) . Introduced by Council Member Perry, who moved its adoption, seconded by Council Member Polvorosa, and carried by a majority vote (7) . 6.G. Resolution Approving Investment Policy for City Funds (sets criteria for investment of City funds) . James Driver spoke regarding a memorandum from the City Manager regarding the Joint Redevelopment Area. It was pointed out that item G is related to the City's investment policy, not to the Joint Redevelopment Area. The following Resolution was then introduced: Resolution No. 94-204, Resolution Approving Investment Policy for City Funds (sets criteria for investment of City funds) . Introduced by Council Member Kerr, who moved its adoption, seconded by Council Member Myers, and carried by a majority vote (7) . A. Resolution Approving Community Development Block Grant (CDBG) Small Business Loan and Regulatory Agreement with Audra and Audrey Knight, Owners of La Petite Affair, Inc. (provides financial assistance to a small business, as outlined in the City's "CDBG Economic Development - Small Business Loan Guidelines") . Susan McCue, Economic Development Coordinator, said the Agreement provides a $50,000-loan to La Petite Affair, Inc. , a special occasion, children's wear shop, which has been in San Leandro since 1989. She said this is the first small business program loan under the Block Grant Program. She said La Petite Affair will provide 11-12 new jobs. They have national clientele, and they will be expanding at Westgate. She said $150,000 remains in the small business loan fund. The following Resolution was then introduced: Resolution No. 94-205, Resolution Approving Community Development Block Grant (CDBG) Small Business Loan and Regulatory Agreement with Audra and Audrey Knight, Owners of La Petite Affair, Inc. (provides financial assistance to a small business, as outlined in the City's "CDBG Economic Development - Small Business Loan Guidelines") . Introduced by Council Member Loeffler, who moved its adoption, seconded by Council Member Perry, and carried by a majority vote (7) .