The Long Beach Community Investment Company

CITY OF LONG BEACH WEDNESDAY, SEPTEMBER 20, 2017 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 At 4:03 PM, Chair Thomas called the meeting to order. ROLL CALL Commissioners Jan Ward, Patrice Wong, Russell Doyle, John Thomas and Present: Diane L. Arnold Commissioners Sabrina Sanders and Stacy McDaniel Absent: Staff Present: Amy Bodek, President; Patrick Ure, Vice President; Meggan Sorensen, Development Project Manager; Rich Anthony, Deputy City Attorney; Silvia Medina, Community Program Specialist; Kjell Stava, Administrative Analyst; Andrew Chang, Administrative Analyst; Kate Brewer, Secretary. Members of the Public: Cristian Ahumada, Executive Director - Clifford Beers Housing; Vanessa Luna, Housing Director - Clifford Beers Housing; Kristin Martin, Executive Director - Home Ownership for Personal Empowerment (HOPE). FLAG SALUTE Director Ward led the flag salute. PRESIDENT'S REPORT President Bodek provided community updates regarding the Grand Opening of Immanuel Page 1 of 6 CITY OF LONG BEACH WEDNESDAY, SEPTEMBER 20, 2017 THE LONG BEACH 333 W. OCEAN BOULEVARD COMMUNITY INVESTMENT 3RD FLOOR CONFERENCE ROOM, 4:00 PM COMPANY MINUTES Place; the 25th Anniversary of Rebuilding Together Long Beach; and, the Groundbreaking of Beacon Place. Chair Thomas spoke. Vice-President Ure spoke. President Bodek spoke. Discussion ensued. REGULAR AGENDA 1. 17-031CI Recommendation to receive and file the minutes of the Regular Board Meeting held Wednesday, July 19, 2017. Chair Thomas spoke. Vice-Chair Arnold spoke. Director Wong spoke. A motion was made by Vice Chair Arnold, seconded by Director Wong, to approve recommendation. The motion carried by the following vote: Yes: 5 - Jan Ward, Patrice Wong, Russell Doyle, John Thomas and Diane L. Arnold Absent: 2 - Sabrina Sanders and Stacy McDaniel ROLL CALL Commissioners Jan Ward, Patrice Wong, Sabrina Sanders, Russell Doyle, John Present: Thomas and Diane L. Arnold Commissioners Stacy McDaniel Absent: Page 2 of 6 CITY OF LONG BEACH WEDNESDAY, SEPTEMBER 20, 2017 THE LONG BEACH 333 W. OCEAN BOULEVARD COMMUNITY INVESTMENT 3RD FLOOR CONFERENCE ROOM, 4:00 PM COMPANY MINUTES 2. 17-032CI Recommendation to 1. Authorize the President or designee to negotiate and enter into a Disposition and Development Agreement for the conveyance of the properties at 1836-1852 Locust Avenue to Clifford Beers Housing, Inc.; 2. Approve a loan in the amount of $2,825,000 to Clifford Beers Housing, Inc. to provide gap financing for the development of the properties at 1836-1852 Locust Avenue; and 3. Authorize the President or designee to execute any and all documents necessary to implement the Disposition and Development and Loan Agreements. Chair Thomas spoke. President Bodek spoke. Meggan Sorensen, Development Project Manager, provided a staff report. Chair Thomas spoke. Director Doyle spoke. Discussion ensued. Director Wong spoke. Discussion ensued. Vice-President Ure spoke. Discussion ensued. Cristian Ahumada, Executive Director - Clifford Beers Housing, spoke. Discussion ensued. Vanessa Luna, Housing Director - Clifford Beers Housing, spoke. Discussion ensued. Page 3 of 6 CITY OF LONG BEACH WEDNESDAY, SEPTEMBER 20, 2017 THE LONG BEACH 333 W. OCEAN BOULEVARD COMMUNITY INVESTMENT 3RD FLOOR CONFERENCE ROOM, 4:00 PM COMPANY MINUTES Director Sanders spoke. Discussion ensued. Rich Anthony, Deputy City Attorney, spoke. Discussion ensued. A motion was made by Director Wong, seconded by Vice Chair Arnold, to approve recommendation. The motion carried by the following vote: Yes: 6 - Jan Ward, Patrice Wong, Sabrina Sanders, Russell Doyle, John Thomas and Diane L. Arnold Absent: 1 - Stacy McDaniel 3. 17-033CI Recommendation to 1. Approve the selection of Home Ownership for Personal Empowerment (HOPE) for an award of CHDO funds in the amount of $950,000; and 2. Authorize the President or designee to enter into an Agreement to Negotiate Exclusively with HOPE for the acquisition and rehabilitation of housing for special needs individuals. Chair Thomas spoke. President Bodek spoke. Silvia Medina, Community Program Specialist, provided a staff report. Chair Thomas spoke. Director Wong spoke. Discussion ensued. Vice-President Ure spoke. Discussion ensued. Page 4 of 6 CITY OF LONG BEACH WEDNESDAY, SEPTEMBER 20, 2017 THE LONG BEACH 333 W. OCEAN BOULEVARD COMMUNITY INVESTMENT 3RD FLOOR CONFERENCE ROOM, 4:00 PM COMPANY MINUTES Director Doyle spoke. Discussion ensued. Director Sanders spoke. Discussion ensued. Kristin Martin, Executive Director - Home Ownership for Personal Empowerment (HOPE), spoke. Director Ward spoke. Discussion ensued. A motion was made by Director Ward, seconded by Director Doyle, to approve recommendation. The motion carried by the following vote: Yes: 6 - Jan Ward, Patrice Wong, Sabrina Sanders, Russell Doyle, John Thomas and Diane L. Arnold Absent: 1 - Stacy McDaniel PUBLIC PARTICIPATION: There were no additional comments from members of the public. NEW BUSINESS Chair Thomas spoke. President Bodek spoke. Director Doyle spoke. Discussion ensued. Director Ward spoke. Discussion ensued. Page 5 of 6 CITY OF LONG BEACH WEDNESDAY, SEPTEMBER 20, 2017 THE LONG BEACH 333 W. OCEAN BOULEVARD COMMUNITY INVESTMENT 3RD FLOOR CONFERENCE ROOM, 4:00 PM COMPANY MINUTES Director Sanders spoke. Discussion ensued. Director Wong spoke. Discussion ensued. ADJOURNMENT Chair Thomas adjourned the meeting at 4:50 PM. Respectfully submitted, ____________________ ____________________ Amy J. Bodek, President John Thomas, Chair Page 6 of 6