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BK Development Corporation adopts fiscal‑year 2025–2028 strategic plan; board asks policy follow‑up on small business fund
Summary
The BK Development Corporation unanimously adopted Resolution 2025‑08 to adopt the 2025–2028 strategic plan. Board members asked staff to remove a specific $20,000 allocation from the plan, and directed staff to return with a formal policy and application criteria for a small business retention fund before committing budgeted amounts.
The BK Development Corporation unanimously adopted Resolution 2025‑08 to approve its strategic plan for fiscal years 2025–2028.
Staff presented the plan as a high‑level document intended to guide priorities and noted it will be updated annually. During discussion staff recommended striking a line that would have specified an initial $20,000 allocation for a small business retention fund, saying the allocation and criteria were better…
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