Recommendation to authorize City Manager, or designee, to augment the Small Business Restart Grant Program fund to provide more direct grants to eligible Long Beach small businesses that were impacted by damages, theft, and/or vandalism related to the events on May 31, 2020; Increase appropriations in the General Fund Group in the Economic Development Department by $1,000,000, offset by a transfer from the Employee Benefits Fund; and Increase appropriations in the Employee Benefits Fund Group in the Citywide Activities Department by $1,000,000 to the transfer to the General Fund Group, offset by a release funds from the Unfunded Liability Reserve. (Citywide)
District eight. District nine. District nine. I know she cares. Thank you. Now we'll go to item 27. Quote, could you please with the audit. Report from economic development recommendation to augment the small business restart grant program to fund to provide more direct grants to eligible Long Beach small businesses that were impacted by damages, theft and or vandalism related to the events on May 31st, 2020 and wide. No problem. Item. Please get a brief report on this item. Yeah. Good evening. Council members. So on on May 31st, we had approximately 289 businesses that reported damages from either vandalism, theft, looting, and they experienced a range of financial hardships associated with with that damage. The council approved a program that included up to $250,000 from some council one time funds, as well as some CDBG funds in the amount of $250,000. About a month ago. And those have provided small $2,000 grants to businesses that were either in the eligible areas or qualified for CDBG funding. There are many more businesses, though. Of that 289 that were not eligible to receive funding from those those grant funded sources. And so this item proposes to provide a fund up to $1 million that will be used to help offset the costs that were incurred in the losses of businesses on that that evening. Now, this will not cover the entire reported damages or losses that we have been receiving, what we call the damage assessment forms. Those range in the millions and millions of dollars. Some of that loss is offset by insurance. So this will just cover a portion of the losses from the businesses who were damaged on that evening and ultimately provide some relief to every single one of the businesses that apply. So that ends my report and I'm happy to answer any questions. Thank you very much. We do not have any public comments. No one is cued up, so we have a first by price and the second by our broker. We please call for the vote. District one. District one. I district to high. District three, I. District four. All right. District five. District six. All right. District seven. I. District eight. District nine. I motion carries. Thank you very much. Now we'll go to item 29. Could you please read the.