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REVISED 1/15/08 ATTACE~IENT ONLY <br />Page 2 BoCd Italic <br />ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: January 15, 2008 <br />Action Agenda <br />Item No. ~- - rYl <br />SUBJECT: Orange County Small Business Loan Pool <br />DEPARTMENT: EDC <br />PUBLIC HEARING: (Y/N) No <br />ATTACHMENT(S): <br />Resolution <br />Bylaws (pertaining to directors) <br />INFORMATION CONTACT: <br />Willie Best 245-2308 <br />Yvonne Scarlett 245-2325 <br />PURPOSE: To approve bylaw provisions pertaining to directors for the Orange County Small <br />Business Loan Program (revised to include Orange County Financial Services Director as the <br />eighth voting Board Member). <br />BACKGROUND: The Board approved recommended changes to the operations of the Orange <br />County Small Business Loan Program (including composition of the Board of Directors) on <br />March 13, 2007. <br />FINANCIAL IMPACT: The annual budget for the Economic Development Commission <br />approved for Fiscal Year 2007-08 includes $75,000 funding. <br />RECOMMENDATION(S): The Manager recommends that the Board approve the proposed <br />bylaw provisions. <br />