The Long Beach Community Investment Company

CITY OF LONG BEACH WEDNESDAY, JANUARY 20, 2016 THE LONG BEACH THIRD WEDNESDAY OF THE MONTH COMMUNITY INVESTMENT 333 W. OCEAN BOULEVARD COMPANY MINUTES 3RD FLOOR CONFERENCE ROOM, 4:00 PM John Thomas, Chair Jan Ward, Director Stacy McDaniel, Vice Chair Patrice Wong, Director Diane Arnold, Director Sabrina Sanders, Director Russell Doyle, Director FINISHED AGENDA AND DRAFT MINUTES ROLL CALL Commissioners Sabrina Sanders, Russell Doyle, John Thomas and Diane L. Present: Arnold Commissioners Stacy McDaniel Excused: Commissioners Jan Ward and Patrice Wong Absent: Staff present: Amy Bodek, President; Meggan Sorenson, Development Project Manager; Silvia Medina, Community Program Specialist; Alem Hagos. Grant Administration Officer; Courtney Richards, Community Development Specialist; Iveth Leyva, Secretary. Members of public present: Denise Fanelli, HOPE; Rosie Diaz, HOPE. FLAG SALUTE Director Doyle led the flag salute. PRESIDENT'S REPORT President Bodek introduced the substitute Secretary and the substitute Deputy. President Bodek made community annoucements. REGULAR AGENDA Page 1 of 6 CITY OF LONG BEACH WEDNESDAY, JANUARY 20, 2016 THE LONG BEACH THIRD WEDNESDAY OF THE MONTH COMMUNITY INVESTMENT 333 W. OCEAN BOULEVARD COMPANY MINUTES 3RD FLOOR CONFERENCE ROOM, 4:00 PM 1. 16-004CI Recommendation to receive and file the minutes of the regular Board meeting held on Wednesday, November 18, 2015. President Bodek spoke. Chair Thomas spoke. A motion was made by Vice Chair Arnold, seconded by Director Doyle, to approve recommendation. The motion carried by the following vote: Yes: 4 - Sabrina Sanders, Russell Doyle, John Thomas and Diane L. Arnold Excused: 1 - Stacy McDaniel Absent: 2 - Jan Ward and Patrice Wong SECOND ROLL CALL Director Wong arrived at 4:12pm. Commissioners Patrice Wong, Sabrina Sanders, Russell Doyle, John Thomas Present: and Diane L. Arnold Commissioners Stacy McDaniel Excused: Commissioners Jan Ward Absent: 2. 16-001CI Election of Chair and Vice Chair. A motion was made by Director Sanders, seconded by Vice Chair Arnold, to approve recommendation to keep John Thomas as Chair. The motion carried by the following vote: Yes: 5 - Patrice Wong, Sabrina Sanders, Russell Doyle, John Thomas and Diane L. Arnold Excused: 1 - Stacy McDaniel Page 2 of 6 CITY OF LONG BEACH WEDNESDAY, JANUARY 20, 2016 THE LONG BEACH THIRD WEDNESDAY OF THE MONTH COMMUNITY INVESTMENT 333 W. OCEAN BOULEVARD COMPANY MINUTES 3RD FLOOR CONFERENCE ROOM, 4:00 PM Absent: 1 - Jan Ward A motion was made by Chair Thomas, seconded by Director Sanders, to approve recommendation of Diane Arnold as Vice-Chair. The motion carried by the following vote: Yes: 5 - Patrice Wong, Sabrina Sanders, Russell Doyle, John Thomas and Diane L. Arnold Excused: 1 - Stacy McDaniel Absent: 1 - Jan Ward 3. 16-002CI Recommendation to authorize the President or designee to enter into an Agreement to Negotiate Exclusively with Clifford Beers Housing, Inc. for the development of the three parcels at 1836-1852 Locust Avenue. Chair Thomas spoke. President Bodek spoke. Staff Sorensen presented the staff report. President Bodek spoke. Director Arnold spoke. President Bodek spoke. Director Sanders spoke. Director Doyle spoke. Director Arnold spoke. Staff Sorenson spoke. Director Doyle spoke. President Bodek spoke. Page 3 of 6 CITY OF LONG BEACH WEDNESDAY, JANUARY 20, 2016 THE LONG BEACH THIRD WEDNESDAY OF THE MONTH COMMUNITY INVESTMENT 333 W. OCEAN BOULEVARD COMPANY MINUTES 3RD FLOOR CONFERENCE ROOM, 4:00 PM Director Sanders spoke. Director Doyle spoke. Chair Thomas spoke. President Bodek spoke. Staff Sorenson spoke. Director Doyle spoke. President Bodek spoke. Discussion continued. A motion was made by Director Sanders, seconded by Vice Chair Arnold, to approve recommendation. The motion carried by the following vote: Yes: 5 - Patrice Wong, Sabrina Sanders, Russell Doyle, John Thomas and Diane L. Arnold Excused: 1 - Stacy McDaniel Absent: 1 - Jan Ward 4. 16-003CI Recommendation to: 1. Approve a loan in the amount of $547,000 in HOME CHDO funds to Home Ownership for Personal Empowerment for the acquisition and rehabilitation of the property located at 4410 N. Banner Drive; 2. Authorize the President to negotiate an Affordable Housing Loan Agreement with Home Ownership for Personal Empowerment; and, 3. Authorize the President to execute any and all documents necessary to implement the Loan Agreement and the project. Chair Thomas spoke. Page 4 of 6 CITY OF LONG BEACH WEDNESDAY, JANUARY 20, 2016 THE LONG BEACH THIRD WEDNESDAY OF THE MONTH COMMUNITY INVESTMENT 333 W. OCEAN BOULEVARD COMPANY MINUTES 3RD FLOOR CONFERENCE ROOM, 4:00 PM President Bodek spoke. Staff Medina presented the staff report. President Bodek spoke. Staff Hagos spoke. President Bodek spoke. Director Arnold spoke. Denise Fanelli of HOPE spoke. Chair Thomas spoke. Denise Fanelli of HOPE spoke. Chair Thomas spoke. A motion was made by Director Wong, seconded by Vice Chair Arnold, to approve recommendation. The motion carried by the following vote: Yes: 5 - Patrice Wong, Sabrina Sanders, Russell Doyle, John Thomas and Diane L. Arnold Excused: 1 - Stacy McDaniel Absent: 1 - Jan Ward PUBLIC PARTICIPATION: COMMENTS BY LBCIC Chair Thomas reminded Directors about updating parking decals and swipe cards. Page 5 of 6 CITY OF LONG BEACH WEDNESDAY, JANUARY 20, 2016 THE LONG BEACH THIRD WEDNESDAY OF THE MONTH COMMUNITY INVESTMENT 333 W. OCEAN BOULEVARD COMPANY MINUTES 3RD FLOOR CONFERENCE ROOM, 4:00 PM President Bodek spoke about reviewing revenues next meeting. Director Doyle spoke. Discussion continued. ADJOURNMENT The meeting was adjourned at 4:57pm. Note: A digital recording of this meeting will be available in the City Clerk Department. 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 City Clerk Department, 48 hours prior to the meeting at (562) 570-6101 or (562) 570-6626 (telecommunications device for the deaf). The City Clerk Department email at cityclerk@longbeach.gov is available for correspondence purposes. Respectfully submitted, ____________________ Amy J. Bodek, President Approved by: ____________________ John Thomas, Chair Page 6 of 6