The Long Beach Community Investment Company

CITY OF LONG BEACH WEDNESDAY, JANUARY 15, 2020 THE LONG BEACH 411 W. OCEAN BLVD. COMMUNITY INVESTMENT 4TH FLOOR "LIGHT HOUSE" CONFERENCE COMPANY MINUTES ROOM, 4:00 PM Diane Arnold, Vice Chair Lindsay Mais, Director Hilda Delgado, Director Sabrina Sanders, Director Russell Doyle, Director Jan Ward, Director Patrice Wong, Director FINISHED AGENDA & MINUTES The regular meeting of the Long Beach Community Investment Corporation was held at 4:00 p.m., Wednesday, January 15, 2020, at 411 W. Ocean Blvd., 3rd Floor, Long Beach, California CALL TO ORDER Vice Chair Arnold called the meeting to order at 4:10 p.m. ROLL CALL Commissioners Russell Doyle, Sabrina Sanders, Jan Ward, Patrice Wong and Present: Diane L. Arnold Commissioners Hilda Delgado and Lindsay Mais Absent: STAFF PRESENT: Linda Tatum, President; Patrick Ure, Vice President; Meggan Sorensen, Housing Development Officer; Alem Hagos, Operations Officer; Rich Anthony, Deputy City Attorney; Andrew Chang, Real Estate Project Coordinator, Kjell Stava, Real Estate Project Coordinator; Monica Jaime, Secretary. FLAG SALUTE Director Ward led the flag salute. PRESIDENT'S REPORT Page 1 of 5 CITY OF LONG BEACH WEDNESDAY, JANUARY 15, 2020 THE LONG BEACH 411 W. OCEAN BLVD. COMMUNITY INVESTMENT 4TH FLOOR "LIGHT HOUSE" CONFERENCE COMPANY MINUTES ROOM, 4:00 PM President Linda Tatum spoke regarding the following: 1. State Legislator Bills on Housing 2. Training for Commission Members Attorney Rich Anthony spoke. REGULAR AGENDA 1. 20-001CI Recommendation to elect The Long Beach Community Investment Company (LBCIC) Chair and Vice Chair. Vice Chair Arnold spoke. Rich Anthony, Deputy City Attorney, spoke. Director Doyle spoke. Director Sanders spoke. Director Wong spoke. Director Ward spoke. Rich Anthony, Deputy City Attorney, spoke. President Tatum spoke. Vice President Ure spoke. Director Wong spoke. Rich Anthony, Deputry City Attorney, spoke. Director Wong spoke. Director Doyle spoke. Vice President Ure spoke. Page 2 of 5 CITY OF LONG BEACH WEDNESDAY, JANUARY 15, 2020 THE LONG BEACH 411 W. OCEAN BLVD. COMMUNITY INVESTMENT 4TH FLOOR "LIGHT HOUSE" CONFERENCE COMPANY MINUTES ROOM, 4:00 PM Director Wong spoke. Discussion ensued. Director Wong spoke. Director Ward spoke. A motion was made by Director Sanders to elect Patrice Wong as Chair. The motion carried by the following vote: Yes: 5 - Russell Doyle, Sabrina Sanders, Jan Ward, Patrice Wong and Diane L. Arnold Absent: 2 - Hilda Delgado and Lindsay Mais A motion was made by Director Wong to elect Jan Ward as Vice Chair. The motion carried by the following vote: The motion carried by the following vote: Yes: 5 - Russell Doyle, Sabrina Sanders, Jan Ward, Patrice Wong and Diane L. Arnold Absent: 2 - Hilda Delgado and Lindsay Mais 2. 20-002CI Recommendation to approve and file the minutes of the Regular Board meeting held on Wednesday, November 20, 2019. Vice Chair Arnold spoke. A motion was made by Vice Chair Arnold, seconded by Director Ward, to approve recommendation. The motion carried by the following vote: Yes: 5 - Russell Doyle, Sabrina Sanders, Jan Ward, Patrice Wong and Diane L. Arnold Absent: 2 - Hilda Delgado and Lindsay Mais 3. 20-003CI Recommendation to: 1. Adopt the attached resolution authorizing the submittal of an application to the California State Department of Housing and Page 3 of 5 CITY OF LONG BEACH WEDNESDAY, JANUARY 15, 2020 THE LONG BEACH 411 W. OCEAN BLVD. COMMUNITY INVESTMENT 4TH FLOOR "LIGHT HOUSE" CONFERENCE COMPANY MINUTES ROOM, 4:00 PM Community Development for $5,000,000 in funding under the CalHome Program. 2. Authorize the President to execute a Standard Agreement and any amendments thereto, and any related documents necessary to participate in the CalHome Program. Vice President Patrick Ure presented. Vice Chair Arnold spoke. Rich Anthony, Deputy Citty Attorney, spoke. President Linda Tatum spoke. Director Ward spoke. Director Doyle spoke. Director Wong spoke. Director Doyle spoke. Director Ward spoke. Rich Anthony, Deputy Citty Attorney, spoke. Director Doyle spoke. President Linda Tatum spoke. Director Ward spoke. Director Wong spoke. President Linda Tatum spoke. Rich Anthony, Deputy Citty Attorney, spoke. Vice Chair Arnold spoke. Page 4 of 5 CITY OF LONG BEACH WEDNESDAY, JANUARY 15, 2020 THE LONG BEACH 411 W. OCEAN BLVD. COMMUNITY INVESTMENT 4TH FLOOR "LIGHT HOUSE" CONFERENCE COMPANY MINUTES ROOM, 4:00 PM President Linda Tatum spoke. Director Wong spoke. President Linda Tatum spoke. Director Ward spoke. Rich Anthony, Deputy Citty Attorney, spoke. A motion was made by Director Sanders, seconded by Director Ward, to approve recommendation. The motion carried by the following vote: Yes: 5 - Russell Doyle, Sabrina Sanders, Jan Ward, Patrice Wong and Diane L. Arnold Absent: 2 - Hilda Delgado and Lindsay Mais NEW BUSINESS No New Business. ADJOURNMENT Vice Chair Arnold adjourned the meting at 5:00 p.m. Respectfully submitted, Respectfully submitted, ____________________ ____________________ Linda F. Tatum, President Diane Arnold, Vice Chair Page 5 of 5