The Long Beach Community Investment Company

CITY OF LONG BEACH WEDNESDAY, MAY 21, 2014 THE LONG BEACH 333 W. OCEAN BOULEVARD COMMUNITY INVESTMENT 3RD FLOOR CONFERENCE ROOM, 4:00 PM COMPANY MINUTES John Thomas, Chair Jan Ward, Director Stacy McDaniel, Vice Chair Patrice Wong, Director Diane Arnold, Director REGULAR MEETING MINUTES ROLL CALL Commissioners Diane L. Arnold, Jan Ward, Patrice Wong, John Thomas and Present: Stacy McDaniel Staff present: Amy Bodek, President; Angela Reynolds, Deputy Director of Development; Alem Hagos, Grant Administration Officer; Lisa Fall, Administrative and Financial Services Bureau Manager; Rich Anthony, Deputy City Attorney; Meggan Sorensen, Development Project Manager; Marie Nguyen, Rehab Loan Counselor; Elizabeth Salcedo, Assistant Administrative Analyst; Heather Vega, Secretary. Members of the public: Chris Launi Joe Ganem Brett Morales FLAG SALUTE Director Arnold led the flag salute. PRESIDENT'S REPORT President Bodek updated the board on the Immanuel Senior Housing project. PUBLIC HEARING Page 1 of 5 CITY OF LONG BEACH WEDNESDAY, MAY 21, 2014 THE LONG BEACH 333 W. OCEAN BOULEVARD COMMUNITY INVESTMENT 3RD FLOOR CONFERENCE ROOM, 4:00 PM COMPANY MINUTES 1. 14-017CI Recommendation to receive supporting documentation into the record, receive public testimony, conclude the public hearing, and recommend that the City Council adopt the Fiscal-Year 2015 Action Plan for the expenditure of Community Development Block Grant, Home Investment Partnership Grant, and Emergency Shelter Grant Funds. Chair Thomas conducted the Public Hearing. Staff Hagos presented the staff report and Powerpoint presentation. Director Arnold spoke. Chair Thomas asked for public input; there was none. Discussion ensued. A motion was made by Vice Chair McDaniel, seconded by Director Arnold, to approve the recommendation. The motion carried by the following vote: Yes: 5 - Diane L. Arnold, Jan Ward, Patrice Wong, John Thomas and Stacy McDaniel REGULAR AGENDA 2. 14-021CI Recommendation to receive and file the minutes of the Regular Meeting of Wednesday, April 16, 2014. A motion was made by Director Wong, seconded by Director Arnold, to receive and file the minutes of the Regular Board Meeting held on Wednesday, April 16, 2014. The motion carried by the following vote: Yes: 5 - Diane L. Arnold, Jan Ward, Patrice Wong, John Thomas and Stacy McDaniel 3. 14-018CI Recommendation to Adopt the proposed budget of the Long Beach Community Investment Company for Fiscal Year 2014-2015 (FY15). Page 2 of 5 CITY OF LONG BEACH WEDNESDAY, MAY 21, 2014 THE LONG BEACH 333 W. OCEAN BOULEVARD COMMUNITY INVESTMENT 3RD FLOOR CONFERENCE ROOM, 4:00 PM COMPANY MINUTES President Bodek spoke. Staff Fall presented the staff report. Vice Chair McDaniel spoke. Discussion ensued. A motion was made by Director Arnold, seconded by Director Wong, to approve the recommendation. The motion carried by the following vote: Yes: 5 - Diane L. Arnold, Jan Ward, Patrice Wong, John Thomas and Stacy McDaniel 4. 14-019CI Recommendation to approve Change Order No. 1 to increase the project budget from $280,000 to $289,808 for the multi-family rehabilitation project at 845-849 Orange Avenue. Staff Sorensen presented the staff report. President Bodek spoke. Chair Thomas spoke. Discussion ensued. A motion was made by Vice Chair McDaniel, seconded by Director Arnold, to approve the recommendation. The motion carried by the following vote: Yes: 5 - Diane L. Arnold, Jan Ward, Patrice Wong, John Thomas and Stacy McDaniel 5. 14-020CI Recommendation to: 1) Approve the elimination of the LBHDC policy limiting the rents to the lesser of the maximum California Housing Rehabilitation Program Rental Component (CHRP) rents or 30% of the household’s gross monthly income for new tenants only; and, 2) Approve a 3.08% rent increase for existing tenants. Page 3 of 5 CITY OF LONG BEACH WEDNESDAY, MAY 21, 2014 THE LONG BEACH 333 W. OCEAN BOULEVARD COMMUNITY INVESTMENT 3RD FLOOR CONFERENCE ROOM, 4:00 PM COMPANY MINUTES Staff Sorensen presented the staff report. President Bodek spoke. Vice Chair McDaniel spoke. Director Ward spoke. Discussion ensued. Joe Ganem, member of Homeless Services Advisory Committee, spoke. Chair Thomas spoke. Brett Morales of Century Housing spoke. Discussed continued. A motion was made by Vice Chair McDaniel, seconded by Director Arnold, to approve section #1 of the recommendation. The motion carried by the following vote: Yes: 5 - Diane L. Arnold, Jan Ward, Patrice Wong, John Thomas and Stacy McDaniel 14-022CI Recommendation to direct staff to research and return to the Board with: 1) Options for rent increases and a schedule for the rent increases; and 2) Information regarding the financial ability of existing tenants to pay increased rent. A second motion was made for this item by Vice Chair McDaniel, seconded by Director Arnold, which replaces section #2 of the original recommendation. The motion carried by the following vote: Yes: 5 - Diane L. Arnold, Jan Ward, Patrice Wong, John Thomas and Stacy McDaniel COMMENTS BY LBCIC Page 4 of 5 CITY OF LONG BEACH WEDNESDAY, MAY 21, 2014 THE LONG BEACH 333 W. OCEAN BOULEVARD COMMUNITY INVESTMENT 3RD FLOOR CONFERENCE ROOM, 4:00 PM COMPANY MINUTES There were no comments. PUBLIC PARTICIPATION There was no public participation. ADJOURNMENT A motion was made by Director Wong and seconded by Vice Chair McDaniel to adjourn the meeting. The meeting was adjourned at 5:28 PM. Respectfully submitted, __________________________________ AMY J. BODEK, PRESIDENT Approved by: __________________________________ JOHN THOMAS, CHAIR Page 5 of 5