Authorizing the City Manager to accept and execute all relevant documents to amend Contract FY23-087 by extending the program period for one additional year, and increasing program funding by $250,000. Amended total program funding amount will be $750,000.00. Contract FY23-087 provides micro-lending services by LiftFund, Inc. for the City of Laredo Zero Percent Interest Loan Program. All other terms on the contract shall remain unchanged and as presented to Council on November 20, 2023. Funding is available in the American Rescue Act Plan Fund.

What this record is

Held by

LiftFund, Inc 3 records across this site

Amount

$750K

Runs until

Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗

Type

amendment

Field

Public safety

public safety contracts in TX that end within a year →
Governments publish the end date in the award. That date is when the work goes back out to bid, and it is usually stated years ahead.

Read automatically from the title of the official record. The source document below is authoritative.

LiftFund, Inc also holds

Ordinance approving an agreement between the City of Corpus Christi and the Corpus Christi B Corporation - Type B in the amount of $2,380,000.00 for f… $2.38M Corpus Christi, TX Ordinance approving a Chapter 380 Economic Development Grant Agreement with LiftFund, Inc. in the amount of $250,000 funded by the Houston Street TIRZ… $250K San Antonio, TX

Committee

City Council

Requested by

Economic Development

Introduced

May 21, 2024

On agenda

June 10, 2024

Passed

June 10, 2024

Where it was heard

City Council Jun 10, 2024 approve Pass

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