The Long Beach Community Investment Company

CITY OF LONG BEACH WEDNESDAY, JANUARY 29, 2014 THE LONG BEACH 333 W. OCEAN BOULEVARD COMMUNITY INVESTMENT 3RD FLOOR CONFERENCE ROOM, 4:00 PM COMPANY MINUTES Diane Arnold, Director Janice Ward, Director Stacy McDaniel, Director Patrice Wong, Director John Thomas, Director SPECIAL MEETING MINUTES ROLL CALL Commissioners Diane L. Arnold, John Thomas, John Thomas, Jan Ward, Stacy Present: McDaniel, Stacy McDaniel and Patrice Wong Staff present: Amy Bodek, President; Patrick Ure, Vice President; Heather Vega, Secretary; Teresa Cerda, CD Specialist; Alem Hagos, Grant Administration Officer; Rich Anthony, Deputy City Attorney; Courtney Richards, CD Analyst; Meggan Sorensen, Development Project Manager; Marie Nguyen, Rehab Loan Counselor. Members of the public present: Gary Shelton. PRESIDENT'S REPORT President Bodek stated that the housing fund budget would now be handled by Lisa Fall, Manager of Administrative and Financial Services Bureau. Alem Hagos, Grant Administration Officer, will handle the budget for CDBG and HOME. REGULAR AGENDA 1. 14-002CI Election of Chair and Vice Chair (Citywide). Deputy City Attorney Rich Anthony explained the election process. The election was conducted and John Thomas was elected Chair; Stacy McDaniel was elected Vice Chair. Page 1 of 4 CITY OF LONG BEACH WEDNESDAY, JANUARY 29, 2014 THE LONG BEACH 333 W. OCEAN BOULEVARD COMMUNITY INVESTMENT 3RD FLOOR CONFERENCE ROOM, 4:00 PM COMPANY MINUTES 2. 14-003CI Recommendation to adopt Resolution approving Amended and Restated Articles of Incorporation and Bylaws of The Long Beach Community Investment Company (Citywide). President Bodek presented the staff report. Vice Chair McDaniel spoke. Discussion ensued. A motion was made by Vice Chair McDaniel, seconded by Director Arnold, to approve recommendation and adopt Resolution No. C.I. 01-2014. The motion carried by the following vote: Yes: 7 - Diane L. Arnold, John Thomas, John Thomas, Jan Ward, Stacy McDaniel, Stacy McDaniel and Patrice Wong Enactment No: C.I. 01-2014 3. 14-004CI Recommendation to receive and file designation of LBCIC Vice President and Secretary (Citywide). President Bodek presented the staff report. Director Wong spoke. Discussion ensued. A motion was made by Director Arnold, seconded by Vice Chair McDaniel, to approve recommendation. The motion carried by the following vote: Yes: 7 - Diane L. Arnold, John Thomas, John Thomas, Jan Ward, Stacy McDaniel, Stacy McDaniel and Patrice Wong PUBLIC HEARINGS 4. 14-005CI Recommendation to receive supporting documentation into the record, conclude the public hearing, and adopt a resolution making certain findings regarding the sale of certain real property, and authorizing the President or designee to execute any and all Page 2 of 4 CITY OF LONG BEACH WEDNESDAY, JANUARY 29, 2014 THE LONG BEACH 333 W. OCEAN BOULEVARD COMMUNITY INVESTMENT 3RD FLOOR CONFERENCE ROOM, 4:00 PM COMPANY MINUTES documents necessary to complete the sale of the properties to Habitat for Humanity of Greater Los Angeles (CD 1). Vice Chair McDaniel spoke. President Bodek spoke. Vice President Ure spoke. Discussion ensued. Public Comment: Gary Shelton spoke. Discussion ensued. A motion was made by Director Wong, seconded by Director Arnold, to approve recommendation and adopt Resolution No. C.I. 02-2014. The motion carried by the following vote: Yes: 7 - Diane L. Arnold, John Thomas, John Thomas, Jan Ward, Stacy McDaniel, Stacy McDaniel and Patrice Wong Enactment No: C.I. 02-2014 COMMENTS BY LBCIC Chair Thomas spoke and requested a tour of past projects. Deputy City Attorney Anthony spoke. Director Arnold spoke about a recent event at the Atlantic Theater. Vice Chair McDaniel asked about the status of the Rehab loan programs. Vice President Ure stated that staff is currently working on many applications. PUBLIC PARTICIPATION: Members of the public are invited to address the Board on items of interest to the public within the LBCIC's jurisdiction. Each speaker will be limited to two minutes unless that time is extended by the Chair. Page 3 of 4 CITY OF LONG BEACH WEDNESDAY, JANUARY 29, 2014 THE LONG BEACH 333 W. OCEAN BOULEVARD COMMUNITY INVESTMENT 3RD FLOOR CONFERENCE ROOM, 4:00 PM COMPANY MINUTES Gary Shelton spoke. ADJOURNMENT Chair Thomas adjourned the meeting at 4:58 PM. Respectfully submitted, _______________________________ AMY J. BODEK, PRESIDENT Approved by: _______________________________ JOHN THOMAS, CHAIR Page 4 of 4