The Long Beach Community Investment Company

CITY OF LONG BEACH WEDNESDAY, APRIL 15, 2015 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 Sabrina Sanders, Director Russell Doyle, Director REGULAR MEETING MINUTES ROLL CALL Commissioners Diane L. Arnold, Jan Ward, Patrice Wong and Stacy McDaniel Present: Commissioners Sabrina Sanders, Russell Doyle and John Thomas Excused: Staff present: Amy Bodek, President; Patrick Ure, Vice President; Rich Anthony, Deputy City Attorney; Angela Reynolds, Deputy Director of Development Services; Lisa Fall, Manager of Admin. and Financial Services Bureau; Alem Hagos, Grant Administration Officer; April Apodaca, Financial Services Officer; Barbi Clark, Development Project Manager; Meggan Sorensen, Development Project Manager; Kjell Stava, Admin. Analyst; Teresa Cerda, Community Development Specialist; Elizabeth Salcedo, Asst. Admin. Analyst; Mary Alice Sedillo and Ruth Ricker, Senior Advisory Commissioners; Heather Vega, Secretary. FLAG SALUTE Director Ward led the flag salute. Page 1 of 6 CITY OF LONG BEACH WEDNESDAY, APRIL 15, 2015 THE LONG BEACH 333 W. OCEAN BOULEVARD COMMUNITY INVESTMENT 3RD FLOOR CONFERENCE ROOM, 4:00 PM COMPANY MINUTES PRESIDENT'S REPORT President Bodek announced the upcoming Habitat for Humanity home dedication event scheduled for April 25, 2015 at 10am. The event will be held at 105 W. 14th Street. President Bodek also announced that Director Jan Ward was recently recognized by Assemblyman Patrick O'Donnell at the Women of Distinction Awards. President Bodek also mentioned there would be another Habitat for Humanity home dedication on Friday, May 1, 2015 at 271 E. Cummings Lane. PUBLIC HEARING 1. 15-012CI Recommendation to receive and file the presentation and accept public input on the development of the 2015-2016 Annual Action Plan - Alem Hagos, Grant Administration Officer, Administrative and Financial Services Bureau. President Bodek spoke. Alem gave the presentation. There was no public comment. A motion was made by Director Arnold, seconded by Director Ward, to receive and file the item. The motion carried by the following vote: Yes: 4 - Diane L. Arnold, Jan Ward, Patrice Wong and Stacy McDaniel Excused: 3 - Sabrina Sanders, Russell Doyle and John Thomas Page 2 of 6 CITY OF LONG BEACH WEDNESDAY, APRIL 15, 2015 THE LONG BEACH 333 W. OCEAN BOULEVARD COMMUNITY INVESTMENT 3RD FLOOR CONFERENCE ROOM, 4:00 PM COMPANY MINUTES REGULAR AGENDA 1. 15-008CI Recommendation to receive and file the minutes of the regular board meeting held on Wednesday, February 18, 2015. 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, February 18, 2015. Yes: 3 - Diane L. Arnold, Jan Ward and Patrice Wong Abstain: 1 - Stacy McDaniel Excused: 3 - Sabrina Sanders, Russell Doyle and John Thomas 2. 15-013CI Recommendation to receive and file the minutes of the regular board meeting held on March 18, 2015. A motion was made by Director Wong, seconded by Director Ward, to receive and file the minutes of the regular board meeting held on Wednesday, March 18, 2015. The motion carried by the following vote: Yes: 4 - Diane L. Arnold, Jan Ward, Patrice Wong and Stacy McDaniel Excused: 3 - Sabrina Sanders, Russell Doyle and John Thomas 3. 15-015CI Recommendation to receive and file the Housing Successor Annual Report Regarding the Low and Moderate Income Housing Asset Fund for Fiscal Year 2013-2014 and direct the President to post and distribute the report as required by Section 34176.1 of the California Health and Safety Code. President Bodek spoke. Staff Fall presented the report. President Bodek spoke. Vice Chair McDaniel spoke. Page 3 of 6 CITY OF LONG BEACH WEDNESDAY, APRIL 15, 2015 THE LONG BEACH 333 W. OCEAN BOULEVARD COMMUNITY INVESTMENT 3RD FLOOR CONFERENCE ROOM, 4:00 PM COMPANY MINUTES Discussion ensued. President Bodek thanked Staff Stava for preparing the report. A motion was made by Director Wong, seconded by Director Arnold, to approve the recommendation. The motion carried by the following vote: Yes: 4 - Diane L. Arnold, Jan Ward, Patrice Wong and Stacy McDaniel Excused: 3 - Sabrina Sanders, Russell Doyle and John Thomas 4. 15-014CI Recommendation to receive and file the Presentation on the Fiscal Year 2016 Housing Fund Budget - Lisa Fall, Manager, Administrative and Financial Services Bureau. President Bodek spoke. Staff Fall presented the budget report. Director Arnold spoke. Discussion ensued. A motion was made by Director Arnold, seconded by Director Wong, to receive and file the item. The motion carried by the following vote: Yes: 4 - Diane L. Arnold, Jan Ward, Patrice Wong and Stacy McDaniel Excused: 3 - Sabrina Sanders, Russell Doyle and John Thomas 5. 15-016CI Recommendation to approve a CalHome loan in the amount of $57,000 to JoAnn Jones-Demic for the rehabilitation of the property at 5501 Cerritos Ave., and authorize the President to approve change orders within the approved budget. Vice President Ure presented the staff report. Page 4 of 6 CITY OF LONG BEACH WEDNESDAY, APRIL 15, 2015 THE LONG BEACH 333 W. OCEAN BOULEVARD COMMUNITY INVESTMENT 3RD FLOOR CONFERENCE ROOM, 4:00 PM COMPANY MINUTES Director Arnold asked how long the borrower had lived in the home. Staff Cerda responded that the applicant bought the home in 1999. 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: 4 - Diane L. Arnold, Jan Ward, Patrice Wong and Stacy McDaniel Excused: 3 - Sabrina Sanders, Russell Doyle and John Thomas 6. 15-017CI Recommendation to approve Change Order Number 2 in the amount of $22,264 for the Multi-Family Rehabilitation Loan issued to the owner of the property located at 845 to 849 1/2 Orange Avenue, with conditions. President Bodek spoke. Vice President Ure presented the staff report. A motion was made by Director Arnold, seconded by Director Ward, to approve the recommendation. The motion carried by the following vote: Yes: 4 - Diane L. Arnold, Jan Ward, Patrice Wong and Stacy McDaniel Excused: 3 - Sabrina Sanders, Russell Doyle and John Thomas PUBLIC PARTICIPATION No members of the public were present. Page 5 of 6 CITY OF LONG BEACH WEDNESDAY, APRIL 15, 2015 THE LONG BEACH 333 W. OCEAN BOULEVARD COMMUNITY INVESTMENT 3RD FLOOR CONFERENCE ROOM, 4:00 PM COMPANY MINUTES COMMENTS BY LBCIC None. ADJOURNMENT The meeting was adjourned at 5:21 PM. Note: A digital recording of this meeting will be available upon request. The City of Long Beach provides reasonable accommodations in accordance with the Americans with Disabilities Act of 1990. If a special accommodation is desired, or if an agenda is needed in an alternative format, please call the Development Services Department, 48 hours prior to the meeting at (562) 570-3807 or (562) 570-6626 (telecommunications device for the deaf). The Development Services Department email at LBDS@longbeach.gov is available for correspondence purposes. Respectfully submitted, ________________________ AMY J. BODEK, PRESIDENT Approved by: _______________________ JOHN THOMAS, CHAIR Page 6 of 6