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Minutes - San Leandro City Council Meeting - October 5, 1992 Page - 9 - PUBLIC HEARINGS (continued) development activities funded by the Block Grant. He said this would include expansion of the facade-improvement program to eligible portions of East 14th Street, a new economic development program for assistance for small businesses for job retention and job assistance, funding of a half-time position in the Community Standards section, and funding other administrative costs. In response to questions from the City Council , Mr. Klein said the $80,000 which would be provided for the BOSS program includes $5,000 for administrative fees and $75,000 for the program. Council Member Perry said the only handicapped improvements she saw in the CDBG program were the Marina Community Center and asked if CDBG funds could be used in the .future to make Americans with Disabilities Act improvements. Mr. Klein said, yes, those funds could be used on City structures 'and could be looked at for the next program year. In response to questions from the City Council , he said East 14th Street improvements include the entire length of East 14th Street. The City Council asked questions regarding the job-creation program and how it would be monitored. Mr. Klein said the program would require monthly or quarterly reports. The City Council asked for information on how the process will work and what security would be provided to the City. Council Member Corbett asked if CDBG funds had to be used in the year allocated or if they could be rolled over and if loan proceeds go back into the fund. Mr. Klein said CDBG funds may continue to be rolled over after received, and then all proceeds go back into the fund and are continued to be used. Council Member Corbett said she was concerned regarding the general nature of the criteria for small businesses, such as, " . . .the business must be viable. . . . " , and said she hoped this language would be tightened up. She also expressed concern regarding the openness of the interest rate. Council Member Faria said he was also concerned regarding the interest rate. He said he would like an accounting of the assets and liabilities of the fund, an accounting of cash flow, how much money is earned each year, carry over, pay backs, and grants, so that future projections could be made. Mayor Karp noted that the League of California Cities and the U. S. Conference of Mayors had lobbied for increased additional CDBG funds, and there had been a 17% increase. The Hearing was then opened to the public.