The Long Beach Community Investment Company

THE LONG BEACH COMMUNITY INVESTMENT COMPANY AGENDA WEDNESDAY, DECEMBER 20, 2023 411 W. OCEAN BOULEVARD BEACH CONFERENCE ROOM, 2ND FLOOR, 4:00 PM Mary Castro, Chair Eva Melgarejo, Director Hilda Delgado, Vice Chair Alejandra Ramirez, Director Hakim Chambers, Director Elwood Sides, Director Jasmine Esparza, Director MEMBERS OF THE PUBLIC HAVE THE OPTION TO SUBMIT ONLINE PUBLIC COMMENTS AND EMAIL COMMENTS TO MONICA.JAIME@LONGBEACH.GOV CALL TO ORDER ROLL CALL PLEDGE OF ALLEGIANCE REGULAR AGENDA 1. 23-51595 Recommendation to receive and file President’s Report. Suggested Action: Approve recommendation. 2. 23-51596 Recommendation to approve the minutes of the Long Beach Community Investment Company meeting on November 15, 2023. Suggested Action: Approve recommendation. 3. 23-51594 Recommendation to authorize the President or designee to amend and restate the loan and regulatory agreements with Mental Health Association of Los Angeles for 814 Atlantic Avenue; and Authorize the President or designee to execute any and all documents necessary to amend and restate the loan and regulatory agreements. Suggested Action: Approve recommendation. 4. 23-51593 Recommendation to authorize the President or designee to negotiate and enter into a Disposition and Development Agreement with 225-227 E. 15th Street and 1510 Palmer Court to Habitat for Humanity of Greater Los Angeles; and Approve a loan in the amount of $560,000 to Habitat for Humanity of Greater Los Angeles to provide gap financing for the development of 225-227 E. 15th Street and 1510 Palmer Court; and Page 1 of 2  THE LONG BEACH COMMUNITY INVESTMENT COMPANY AGENDA WEDNESDAY, DECEMBER 20, 2023 411 W. OCEAN BOULEVARD BEACH CONFERENCE ROOM, 2ND FLOOR, 4:00 PM Authorize the President or designee to execute any and all documents necessary to implement the Disposition and Development and Loan Agreement. Suggested Action: Approve recommendation. PUBLIC COMMENT Opportunity to address the The Long Beach Community Investment Company on non-agenda items. Each speaker is limited to three minutes to make their comments unless extended by the Chair. ANNOUNCEMENTS ADJOURNMENT I, Monica Jaime, Secretary, certify that the agenda was posted not less than 72 hours prior to the meeting. NOTE: The agenda and supporting documents are available online at https://longbeach.gov/meetings. If a special accommodation is desired pursuant to the Americans with Disabilities Act, or if you need the agenda provided in an alternate format, please call the Community Development Department at (562) 570-3807 or (562) 570-6957 by 12 noon, the day prior to the meeting. Page 2 of 2