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Council extends BMI Associates contract for revolving loan fund software to avoid service gap
Summary
The council unanimously approved a one‑year extension (with an optional second year) of the BMI Associates agreement that supports the city’s revolving loan fund, authorizing up to $30,000 from the RLF match fund and noting no general‑fund impact.
The San Diego City Council on April 6 approved a one‑year amendment (with an optional additional year) to extend the city’s agreement with BMI Associates Inc. for loan‑management software that supports the San Diego Region revolving loan fund (RLF).
Deputy Economic Development Director Christie Marcella said the amendment would authorize a one‑year extension and asked the chief financial officer to appropriate up to $30,000 from the RLF…
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