The Long Beach Community Investment Company

THE LONG BEACH COMMUNITY INVESTMENT COMPANY AGENDA WEDNESDAY, MAY 15, 2024 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 EMAIL COMMENTS TO MONICA.JAIME@LONGBEACH.GOV CALL TO ORDER ROLL CALL PLEDGE OF ALLEGIANCE REGULAR AGENDA 1. 24-53349 Recommendation to receive and file President’s Report. Suggested Action: Approve recommendation. 2. 24-53358 Recommendation to approve the minutes for The Long Beach Community Investment Company meeting of Wednesday, April 17, 2024. Suggested Action: Approve recommendation. 3. 24-53372 Recommendation to adopt the Long Beach Community Investment Company proposed Fiscal Year 2024-2025 (FY 25) budget. Suggested Action: Approve recommendation. 4. 24-53374 Recommendation to authorize the President or designee to amend and restate the Disposition and Development Agreement, Regulatory Agreement, Promissory Note and Deed of Trust with Grisham Community Housing, LP for a 96-unit affordable housing development at 11 West 49th Street; and Authorize the President or designee to execute any and all documents necessary to implement the amendment. Suggested Action: Approve recommendation. PUBLIC COMMENT Opportunity to address the The Long Beach Community Investment Company on non-agenda Page 1 of 2  THE LONG BEACH COMMUNITY INVESTMENT COMPANY AGENDA WEDNESDAY, MAY 15, 2024 411 W. OCEAN BOULEVARD BEACH CONFERENCE ROOM, 2ND FLOOR, 4:00 PM items. Each speaker is limited to three minutes to make their comments unless extended by the Chair. ANNOUNCEMENTS ADJOURNMENT I, Monica Jaime, Seretary, 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/cityclerk/meetings. If a special accommodation is desired pursuant to the Americans with Disabilities Act, please contact either (562) 570-3807 or (562) 570-6957. Page 2 of 2