City of Long Beach - Meeting of The Long Beach Community Investment Company on 10/17/2018 at 4:00 PM

18-029CI

Mon, 30 Oct 2023 20:47:25 GMT

File #: 18-029CI
Ver.: 1
Agenda #: 1.
Type: CI-Agenda Item
Title: Recommendation to receive and file the minutes of the Regular Board Meeting held Wednesday, September 19, 2018.
Action: approve recommendation
Result: Pass

18-030CI

Mon, 30 Oct 2023 20:47:25 GMT

File #: 18-030CI
Ver.: 1
Agenda #: 2.
Type: CI-Agenda Item
Title: 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; 2. Authorize the President to execute any and all documents necessary to implement the Amendment.
Action: approve recommendation
Result: Pass

18-031CI

Mon, 30 Oct 2023 20:47:25 GMT

File #: 18-031CI
Ver.: 1
Agenda #: 3.
Type: CI-Agenda Item
Title: 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 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.
Action: approve recommendation
Result: Pass

18-032CI

Mon, 30 Oct 2023 20:47:25 GMT

File #: 18-032CI
Ver.: 1
Agenda #: 4.
Type: CI-Agenda Item
Title: 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.
Action: approve recommendation
Result: Pass