The Long Beach Community Investment Company

CITY OF LONG BEACH WEDNESDAY, JUNE 15, 2016 THE LONG BEACH 333 W. OCEAN BOULEVARD COMMUNITY INVESTMENT 3RD FLOOR CONFERENCE ROOM, 4:00 PM COMPANY MINUTES John Thomas, Chair Jan Ward, Director Diane Arnold, Vice Chair Patrice Wong, Director Stacy McDaniel, Director Sabrina Sanders, Director Russell Doyle, Director FINISHED AGENDA AND DRAFT MINUTES CALL TO ORDER Chair Thomas called the meeting to order at 3:59 p.m. ROLL CALL Commissioners Russell Doyle, John Thomas, Stacy McDaniel and Diane L. Present: Arnold Commissioners Jan Ward, Patrice Wong and Sabrina Sanders Absent: Staff Present: Amy Bodek, President; Patrick Ure, Vice President; Rich Anthony, Deputy City Attorney; Alem Hagos, Grant Administration Officer; Elizabeth Salcedo, Assistant Administrative Analyst; Silvia Medina, Community Program Specialist; Kate Brewer, Secretary. FLAG SALUTE Vice Chair Arnold led the flag salute. CLOSED SESSION At 4:04 PM, there being no objection, Chair Thomas recessed the meeting to Closed Session. Director Sanders arrived at 4:20 PM. Page 1 of 6 CITY OF LONG BEACH WEDNESDAY, JUNE 15, 2016 THE LONG BEACH 333 W. OCEAN BOULEVARD COMMUNITY INVESTMENT 3RD FLOOR CONFERENCE ROOM, 4:00 PM COMPANY MINUTES Conference with Real Property Negotiator pursuant to Government Code §54956.8 (Acquisition of Properties) APN: 7269-016-041, 042, 157, 158, and 159 Address: 1401 Long Beach Blvd. and 217-237 E. 14th St. North LBCIC Negotiator: Amy J. Bodek, President Negotiating Parties: Farmers and Merchants Bank of Long Beach, a California corporation Under Negotiation: Price and Terms of Acquisition REGULAR AGENDA At 4:25 PM, Chair Thomas reconvened to the regular meeting. 1. 16-012CI Recommendation to receive and file the minutes of the Regular Board Meeting held Wednesday, May 18, 2016. A motion was made by Vice Chair Arnold, seconded by Director Doyle, to approve recommendation. The motion carried by the following vote: Yes: 5 - Sabrina Sanders, Russell Doyle, John Thomas, Stacy McDaniel and Diane L. Arnold Absent: 2 - Jan Ward and Patrice Wong 2. 16-013CI Recommendation to approve a Multi-Family Rehabilitation Loan in the amount of $715,000 to Ocean Structure for the partial rehabilitation of the property at 2001 Cedar Avenue. Chair Thomas spoke. Page 2 of 6 CITY OF LONG BEACH WEDNESDAY, JUNE 15, 2016 THE LONG BEACH 333 W. OCEAN BOULEVARD COMMUNITY INVESTMENT 3RD FLOOR CONFERENCE ROOM, 4:00 PM COMPANY MINUTES Vice President Ure spoke. Silvia Medina, Community Program Specialist, provided presentation. Chair Thomas spoke. Director McDaniel spoke. Discussion ensued. A motion was made by Director McDaniel, seconded by Vice Chair Arnold, to approve recommendation. The motion carried by the following vote: Yes: 5 - Sabrina Sanders, Russell Doyle, John Thomas, Stacy McDaniel and Diane L. Arnold Absent: 2 - Jan Ward and Patrice Wong 3. 16-014CI Recommendation that the City Council approve the Fiscal Year 2017 Action Plan, the First Substantial Amendment to the Fiscal Year 2016 Action Plan and the Third Substantial Amendment to the Fiscal Year 2015 Action Plan for the expenditure of Community Development Block Grant (CDBG), Home Investment Partnership (HOME), and Emergency Solutions Grant (ESG) funds. Chair Thomas spoke. President Bodek spoke. Chair Thomas spoke. President Bodek spoke. Alem Hagos, Grant Administration Officer, provided report. President Bodek spoke. Discussion ensued. Director McDaniel spoke. Page 3 of 6 CITY OF LONG BEACH WEDNESDAY, JUNE 15, 2016 THE LONG BEACH 333 W. OCEAN BOULEVARD COMMUNITY INVESTMENT 3RD FLOOR CONFERENCE ROOM, 4:00 PM COMPANY MINUTES Director Sanders spoke. Alem Hagos, Grant Administration Officer, spoke. Director Doyle spoke. Discussion ensued. Elizabeth Salcedo, Assistant Administrative Analyst, spoke. Discussion ensued. A motion was made by Director McDaniel, seconded by Vice Chair Arnold, to approve recommendation. The motion carried by the following vote: Yes: 5 - Sabrina Sanders, Russell Doyle, John Thomas, Stacy McDaniel and Diane L. Arnold Absent: 2 - Jan Ward and Patrice Wong PUBLIC PARTICIPATION No members of the public were present. PRESIDENT'S REPORT President Bodek provided community announcements. Chair Thomas recused himself. Vice President Ure provided report on two community meetings regarding the Housing Action Plan. President Bodek spoke. Director Sanders spoke. President Bodek spoke. Page 4 of 6 CITY OF LONG BEACH WEDNESDAY, JUNE 15, 2016 THE LONG BEACH 333 W. OCEAN BOULEVARD COMMUNITY INVESTMENT 3RD FLOOR CONFERENCE ROOM, 4:00 PM COMPANY MINUTES Vice President Ure spoke. Discussion ensued. NEW BUSINESS Chair Thomas returned to the meeting. No new business was discussed. ADJOURNMENT Chair Thomas adjourned the meeting at 5:21 PM. Note: 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) 570-7162 or (562) 570-6793 (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 ____________________ John Thomas, Chair KB Page 5 of 6 CITY OF LONG BEACH WEDNESDAY, JUNE 15, 2016 THE LONG BEACH 333 W. OCEAN BOULEVARD COMMUNITY INVESTMENT 3RD FLOOR CONFERENCE ROOM, 4:00 PM COMPANY MINUTES Page 6 of 6