The Long Beach Community Investment Company

CITY OF LONG BEACH WEDNESDAY, JUNE 18, 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 and John Thomas Present: Commissioners Stacy McDaniel Absent: Staff present: Amy Bodek, President; Patrick Ure, Vice President; Rich Anthony, Deputy City Attorney; Mary Torres, Development Project Manager; Courtney Richards, Community Development Analyst; Heather Vega, Secretary. Members of the public: Gary Shelton FLAG SALUTE Director Ward led the flag salute. PRESIDENT'S REPORT President Bodek updated the Board on the Immanuel Senior Housing project and stated that the developer was awarded tax credits. She also shared that the FY 15 Action Plan was approved by City Council. REGULAR AGENDA 1. 14-024CI Recommendation to receive and file the minutes of the Regular Meeting held on Wednesday, May 21, 2014. Page 1 of 3 CITY OF LONG BEACH WEDNESDAY, JUNE 18, 2014 THE LONG BEACH 333 W. OCEAN BOULEVARD COMMUNITY INVESTMENT 3RD FLOOR CONFERENCE ROOM, 4:00 PM COMPANY MINUTES A motion was made by Director Arnold, seconded by Director Wong, to receive and file the minutes of the Regular Board Meeting held on Wednesday, May 21, 2014. The motion carried by the following vote: Yes: 4 - Diane L. Arnold, Jan Ward, Patrice Wong and John Thomas Absent: 1 - Stacy McDaniel 2. 14-023CI Recommendation to authorize the President to accept a purchase offer in the amount of $582,000 for the property at 3361 Andy Street; and authorize the President to execute all documents necessary to finalize the sale. Vice President Ure presented the staff report and distributed a letter from the prospective buyers. Vice President Ure introduced Mary Torres, Development Project Manager for the Department of Public Works, who has been working on this transaction. Chair Thomas spoke. Discussion ensued. Deputy City Attorney Anthony spoke. Discussion ensued. A motion was made by Director Wong, seconded by Director Ward, to approve recommendation. The motion carried by the following vote: Yes: 4 - Diane L. Arnold, Jan Ward, Patrice Wong and John Thomas Absent: 1 - Stacy McDaniel COMMENTS BY LBCIC Page 2 of 3 CITY OF LONG BEACH WEDNESDAY, JUNE 18, 2014 THE LONG BEACH 333 W. OCEAN BOULEVARD COMMUNITY INVESTMENT 3RD FLOOR CONFERENCE ROOM, 4:00 PM COMPANY MINUTES Chair Thomas voiced his continued desire for a field trip in the fall, so the boardmembers can visit completed projects. PUBLIC PARTICIPATION Gary Shelton spoke. ADJOURNMENT A motion was made by Director Arnold, seconded by Director Ward, to adjourn the meeting. The meeting was adjourned at 4:20PM. Respectfully submitted, ______________________________________ AMY J. BODEK, PRESIDENT Approved by: ______________________________________ JOHN THOMAS, CHAIR Page 3 of 3