The Long Beach Community Investment Company

CITY OF LONG BEACH WEDNESDAY, OCTOBER 17, 2018 THE LONG BEACH 333 W. OCEAN BOULEVARD COMMUNITY INVESTMENT 3RD FLOOR CONFERENCE ROOM, 4:00 PM COMPANY MINUTES John Thomas, Chair Lindsay Mais, Director Diane Arnold, Vice Chair Sabrina Sanders, Director Russell Doyle, Director Jan Ward, Director Patrice Wong, Director FINISHED AGENDA AND DRAFT MINUTES CALL TO ORDER At 4:04 PM, Chair Thomas called the meeting to order. ROLL CALL Commissioners Lindsay Mais, Jan Ward, Diane L. Arnold and John Thomas Present: Commissioners Patrice Wong, Russell Doyle and Sabrina Sanders Absent: STAFF PRESENT: Linda F. Tatum, President; Patrick Ure, Vice President; Meggan Sorensen, Housing Development Officer; Rich Anthony, Deputy City Attorney; Johnathan Garcia, Public Affairs Assistant; Andrew Chang, Administrative Analyst; Silvia Medina, Administrative Analyst; Kjell Stava, Administrative Analyst; Rick Ryba, FUSE Fellow; Kate Brewer, Secretary. MEMBERS OF THE PUBLIC: Audrey Peterson - Senior Project Manager, Clifford Beers Housing, Inc. FLAG SALUTE Director Mais led the flag salute. PRESIDENT'S REPORT Chair Thomas spoke. Page 1 of 6 CITY OF LONG BEACH WEDNESDAY, OCTOBER 17, 2018 THE LONG BEACH 333 W. OCEAN BOULEVARD COMMUNITY INVESTMENT 3RD FLOOR CONFERENCE ROOM, 4:00 PM COMPANY MINUTES President Tatum spoke. Director Mais spoke. President Tatum spoke. Vice President Ure spoke. President Tatum spoke. Rick Ryba, FUSE Fellow, spoke. Discussion ensued. REGULAR AGENDA 1. 18-029CI Recommendation to receive and file the minutes of the Regular Board Meeting held Wednesday, September 19, 2018. Chair Thomas spoke. Vice Chair Arnold spoke. Director Mais spoke. Chair Thomas spoke. A motion was made by Vice Chair Arnold, seconded by Director Mais, to approve recommendation. The motion carried by the following vote: Yes: 4 - Lindsay Mais, Jan Ward, Diane L. Arnold and John Thomas Absent: 3 - Patrice Wong, Russell Doyle and Sabrina Sanders 2. 18-030CI Recommendation to 1. Approve the second amendment to extend the term of the contract with Rebuilding Together Long Beach for one additional year to assist additional extremely low income mobile home owners; Page 2 of 6 CITY OF LONG BEACH WEDNESDAY, OCTOBER 17, 2018 THE LONG BEACH 333 W. OCEAN BOULEVARD COMMUNITY INVESTMENT 3RD FLOOR CONFERENCE ROOM, 4:00 PM COMPANY MINUTES 2. Authorize the President to execute any and all documents necessary to implement the Amendment. Chair Thomas spoke. Vice President Ure spoke. Kjell Stava, Administrative Analyst, provided a staff report. Discussion ensued. Director Mais spoke. Discussion ensued. Director Ward spoke. Discussion ensued. Rich Anthony, Deputy City Attorney, spoke. Discussion ensued. A motion was made by Director Ward, seconded by Director Mais, to approve recommendation. The motion carried by the following vote: Yes: 4 - Lindsay Mais, Jan Ward, Diane L. Arnold and John Thomas Absent: 3 - Patrice Wong, Russell Doyle and Sabrina Sanders 3. 18-031CI Recommendation to 1. Approve the acquisition of the property located at 5571 Orange Avenue for $729,000 plus required closing costs; 2. Authorize the President to enter into a Lease Agreement with the City of Long Beach Department of Health and Human Services for an eighteen-month term for temporary use of the site; 3. Authorize the President to enter into an Assignment and Assumption Page 3 of 6 CITY OF LONG BEACH WEDNESDAY, OCTOBER 17, 2018 THE LONG BEACH 333 W. OCEAN BOULEVARD COMMUNITY INVESTMENT 3RD FLOOR CONFERENCE ROOM, 4:00 PM COMPANY MINUTES Agreement to assume the Short-Term Occupancy Agreement between the City of Long Beach and Another Alternative Praise and Prayer Center for the use of surface parking facilities on weekends; and, 4. Authorize the President to execute any and all documents necessary to complete the acquisition of the property, and implement the Lease Agreement and Assignment and Assumptions Agreement. Chair Thomas spoke. Vice President Ure provided a staff report. Chair Thomas spoke. Vice Chair Arnold spoke. Vice President Ure spoke. Director Mais spoke. Discussion ensued. President Tatum spoke. Chair Thomas spoke. Director Ward spoke. Discussion ensued. Rich Anthony, Deputy City Attorney, spoke. Kjell Stava, Administrative Analyst, spoke. Discussion ensued. A motion was made by Vice Chair Arnold, seconded by Director Ward, to approve recommendation. The motion carried by the following vote: Yes: 4 - Lindsay Mais, Jan Ward, Diane L. Arnold and John Thomas Page 4 of 6 CITY OF LONG BEACH WEDNESDAY, OCTOBER 17, 2018 THE LONG BEACH 333 W. OCEAN BOULEVARD COMMUNITY INVESTMENT 3RD FLOOR CONFERENCE ROOM, 4:00 PM COMPANY MINUTES Absent: 3 - Patrice Wong, Russell Doyle and Sabrina Sanders 4. 18-032CI Recommendation to 1. Approve additional funding up to $800,000 to provide a total loan of up to $3,825,000 to Clifford Beers Housing, Inc. to provide gap financing for the development of the properties at 1836-1852 Locust Avenue; and 2. Authorize the President or designee to execute any and all documents necessary to implement the amended Disposition and Development and Loan Agreements. Chair Thomas spoke. Vice President Ure spoke. Meggan Sorensen, Housing Development Officer, provided a staff report. Chair Thomas spoke. Vice President Ure spoke. Director Mais spoke. Audrey Peterson, Senior Project Manager at Clifford Beers Housing, Inc., spoke. Meggan Sorensen, Housing Development Officer, spoke. Director Ward spoke. Discussion ensued. President Tatum spoke. Discussion ensued. Page 5 of 6 CITY OF LONG BEACH WEDNESDAY, OCTOBER 17, 2018 THE LONG BEACH 333 W. OCEAN BOULEVARD COMMUNITY INVESTMENT 3RD FLOOR CONFERENCE ROOM, 4:00 PM COMPANY MINUTES A motion was made by Chair Thomas, seconded by Vice Chair Arnold, to approve recommendation. The motion carried by the following vote: Yes: 4 - Lindsay Mais, Jan Ward, Diane L. Arnold and John Thomas Absent: 3 - Patrice Wong, Russell Doyle and Sabrina Sanders 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. There were no additional comments from members of the public. NEW BUSINESS Chair Thomas spoke. Vice President Ure spoke. President Tatum spoke. Chair Thomas spoke. ADJOURNMENT At 4:40 P.M., Chair Thomas adjourned the meeting. Respectfully submitted, ____________________ ____________________ Linda F. Tatum, President John Thomas, Chair Page 6 of 6