The Long Beach Community Investment Company

CITY OF LONG BEACH WEDNESDAY, JUNE 20, 2018 THE LONG BEACH COMMUNITY 333 W. OCEAN BOULEVARD INVESTMENT COMPANY AGENDA 3RD FLOOR CONFERENCE ROOM, 4:00 PM John Thomas, Chair Jan Ward, Director Diane Arnold, Vice Chair Patrice Wong, Director Stacy McDaniel, Director Sabrina Sanders, Director Russell Doyle, Director REGULAR AGENDA CALL TO ORDER ROLL CALL FLAG SALUTE PRESIDENT'S REPORT PUBLIC HEARING 1. 18-022CI Recommend that the City Council approve the Fiscal Year 2019 Action Plan, and Substantial Amendments to the Fiscal Year 2018, 2017, 2016 and 2015 Action Plans for the expenditure of Community Development Block Grant (CDBG), Home Investment Partnership Grant (HOME), and Emergency Solutions Grant (ESG) funds. Suggested Action: Approve recommendation. REGULAR AGENDA 2. 18-021CI Recommendation to receive and file the minutes of the Regular Board meeting held Wednesday, May 16, 2018. Suggested Action: Approve recommendation. Page 1 of 2 CITY OF LONG BEACH WEDNESDAY, JUNE 20, 2018 THE LONG BEACH COMMUNITY INVESTMENT 333 W. OCEAN BOULEVARD COMPANY AGENDA 3RD FLOOR CONFERENCE ROOM, 4:00 PM 3. 18-023CI Recommendation to 1. Approve additional funding in the amount of $1,000,000 to provide a total acquisition and development loan in the amount of $4,750,000 to AMCAL Multi-Housing, Inc. for the development of Las Ventanas Apartments located at 1795 Long Beach Boulevard; 2. Authorize the President to execute any and all documents necessary to implement an amendment to the existing Loan Agreement with AMCAL Multi-Housing, Inc. Suggested Action: Approve recommendation. PUBLIC PARTICIPATION: Members of the public are invited to address the Board on items of interest to the public within the Agency Board jurisdiction. Each speaker will be limited to two minutes unless that time is extended by the Chair. NEW BUSINESS ADJOURNMENT I, Kate Brewer, Secretary, certify that the agenda was posted not less than 72 hours prior to the meeting. Signed: _____________________________ Date: ________________ 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 (telecommunication device for the Deaf). The Development Services Department email at lbds@longbeach.gov is available for correspondence purposes. Page 2 of 2