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Minutes - San Leandro City Council Meeting - October 19, 1992 Page - 8 - NEW BUSINESS (continued) Council Member Perry said it appeared committee meetings were being added. She asked what was the number of existing committees and if there was a maximum number of committees a person could be on. She said she was interested in the question of compensation. Roy Parker said it is proposed to do away with one existing committee and create two new committees and the only payment would be for attending those meetings, but not for any sub-committee meetings. He said he would anticipate that there would be a maximum of two meetings per month for which compensation would be paid. The following Resolution was then introduced: Resolution No. 92-291, Resolution Amending the Alameda County Congestion Management Agency Joint Powers Agreement (makes administrative changes to the Agreement related to definition of a quorum, compensation, and required vote) . (2465) Introduced by Council Member Kerr, who moved its adoption, seconded by Council Member Myers, and carried by the following called vote: AYES: Council Members Corbett, Faria, Kerr, Myers, Perry, Polvorosa; ( 6 ) NOES: None ( 0 ) ABSENT: Mayor Karp ( 1 ) B. Resolution Approving Community Development Block Grant (CDBG) Small Business Loan and Regulatory Agreement with Diogenes Investors for Bancroft Center, 600 Dutton Avenue (provides financial assistance to small businesses, as outlined in the City's "CDBG Economic Development - Small Business Assistance Program Guidelines") . Mike Oliver said the City has been involved very heavily for a number of years in the North Area in an attempt to stem the tide of disinvestment. He said it has been found it sometimes takes public intervention to turn a situation around. He said HUD would permit the City to institute a Business Loan Program on a limited basis. Steve Emslie, Planning Manager, said two weeks ago the City Council approved the Revised Community Development Block Grant Submission Statement, which included the concept of using CDBG Grant monies to fund low- and moderate-income jobs. He said the developers of the 600 Dutton Avenue commercial building have exhausted all conventional sources of financing available to complete the tenant improvements. He said the development includes a cafe, a hair salon, and a pasta establishment, none of which can be implemented because of lack of financing. He said these businesses will generate low- and moderate- income jobs, so they are eligible for a HUD loan. He said there is concern that, if the City does not participate in this specific project, given the current state of lending, the property could sit