MOTION
Moved by Council Member __ Kassakhian , seconded by Council Member Gharpetian that the City Council hereby approves acceptance of state funds in the amount of $1,000,000 from the State of California Governor’s Office of Business and Economic Development (GO-BIZ).
Vote as follows:
Ayes: Brotman, Gharpetian, Kassakhian, Asatryan
Noes: None
Absent: Najarian
Abstain: Kone
THE MOTION WAS ADOPTED AT THE SPECIAL CITY COUNCIL MEETING OF:
TUESDAY, OCTOBER 8, 2024.
APPROVED AS TO FORM
Wak Dean, CITY AJTORNEY
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Adopted RESOLUTION NO, 24-171
10/08/24
Kassakhian/Gharpetian RESOLUTION OF THE COUNCIL OF THE CITY OF GLENDALE
Absent: Najarian MAKING AN APPROPRIATION
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF GLENDALE:
SECTION 1: That the sum of $1,000,000 is hereby appropriated and/or transferred from the following accounts to the following accounts:
ACCOUNTS DESCRIPTION FROM TO
32610-2160-CDD-0020- State Grants, Grant Fund, Community $1,000,000 CDD01306AG Development, Projects, Glendale Tech Growth
Program
43110-2160-CDD-0020- Contractual Services, Grant Fund, Community $1,000,000 CDD01306AG Development, Projects, Glendale Tech Growth
Program
To appropriate Grant funding received from the State for the Glendale Tech Growth Program.
SECTION 2: The Director of Finance is authorized to make such other revisions, individual appropriation line-items, changes in summaries, fund totals, grand totals, and other portions of the budget document as necessary to reflect and implement the changes specified in this resolution.
SECTION 3: The City Clerk shail certify to the adoption of this Resolution.
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ATTEST: Mayor, éity of Glendale
CITY OF GLENDALE
DATE 9/26/2024
APPROVED AS TO FINANCIAL
PROVISION FOR $_1,000,000 City Clerk
STATE OF CALIFORNIA ) \
COUNTY OF LOS ANGELES ) SS
CITY OF GLENDALE ) / Olrector of Finance
|, Suzie Abajian, City Clerk of the City of Glendale, do hereby certify that the foregoing Resolution No.___24-171 was adopted by the Council of the City of Glendale, California, at a regular meeting held on the____ 8th day of _ October , 2024, and that the same was adopted by the following vote:
Ayes: Brotman, Gharpetian, Kassakhian, Asatryan
Noes: None
Absent: Najarian
Abstain: None
APPROVED AS TO FORM
VE he
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MOTION
Moved by Council Member __ Kassakhian seconded by Council Member Gharpetian_, that the City Council hereby authorizes the City Manager or designee to negotiate and execute professional services agreements and all related documents with FoundersBoost and SmartGateVC LLC for the operation and program management of Tech Startup Growth Programs located in Glendale.
Vote as follows:
Ayes: Brotman, Gharpetian, Kassakhian, Asatryan
Noes: None
Absent: Najarian
Abstain: None
THE MOTION WAS ADOPTED AT THE SPECIAL CITY COUNCIL MEETING OF:
TUESDAY, OCTOBER 8, 2024.
APPROVED AS TO FORM
WL CITY ORNEY ~—
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