City of Long Beach - Meeting of The Long Beach Community Investment Company on 2/21/2018 at 4:00 PM

18-002CI

Mon, 30 Oct 2023 20:47:23 GMT

File #: 18-002CI
Ver.: 1
Agenda #: 1.
Type: CI-Agenda Item
Title: Recommendation to receive and file the minutes of the Special Board meeting held Wednesday, November 8, 2017.
Action: approve recommendation
Result: Pass

18-003CI

Mon, 30 Oct 2023 20:47:23 GMT

File #: 18-003CI
Ver.: 1
Agenda #: 2.
Type: CI-Agenda Item
Title: Recommendation to elect The Long Beach Community Investment Company Chair and Vice Chair.
Action: approve recommendation
Result: Pass

18-003CI

Mon, 30 Oct 2023 20:47:23 GMT

File #: 18-003CI
Ver.: 1
Agenda #:
Type: CI-Agenda Item
Title: Recommendation to elect The Long Beach Community Investment Company Chair and Vice Chair.
Action: approve recommendation
Result: Pass

18-004CI

Mon, 30 Oct 2023 20:47:23 GMT

File #: 18-004CI
Ver.: 1
Agenda #: 3.
Type: CI-Agenda Item
Title: Recommendation to receive and file the Housing Successor Annual Report Regarding the Low and Moderate Income Housing Asset Fund for Fiscal Year 2016-2017 and direct the President to post and distribute the report as required by Section 34176.1 of the California Health and Safety Code.
Action: approve recommendation
Result: Pass

18-005CI

Mon, 30 Oct 2023 20:47:23 GMT

File #: 18-005CI
Ver.: 1
Agenda #: 4.
Type: CI-Agenda Item
Title: Recommendation to 1. Approve additional funding in the amount of $200,000 to provide a total loan of $3,025,000 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

18-006CI

Mon, 30 Oct 2023 20:47:23 GMT

File #: 18-006CI
Ver.: 1
Agenda #: 5.
Type: CI-Agenda Item
Title: Recommendation to 1. Approve the transfer of ownership of Sara's Apartments from Mental Health America of Los Angeles to Thockmorton Partners, LLC; 2. Authorize the President to terminate the existing Regulatory Agreement with Mental Health America of Los Angeles and negotiate a new Affordable Housing Regulatory Agreement with Thockmorton Partners, LLC; and, 3. Authorize the President to execute any and all documents necessary to implement the transfer and modify the regulatory covenants.
Action: approve recommendation
Result: Pass

18-007CI

Mon, 30 Oct 2023 20:47:23 GMT

File #: 18-007CI
Ver.: 1
Agenda #: 6.
Type: CI-Agenda Item
Title: Recommendation to 1. Approve a request to have The Long Beach Community Investment Company serve as fiscal agent for grant opportunities to fund the Neighborhood Leadership Program; 2. Authorize the President to submit a sponsorship grant proposal to the Port of Long Beach to provide funding for the Neighborhood Leadership Program; and, 3. Authorize the President to execute and and all documents necessary to submit the grant application and accept funding.
Action: approve recommendation
Result: Pass

18-008CI

Mon, 30 Oct 2023 20:47:23 GMT

File #: 18-008CI
Ver.: 1
Agenda #: 7.
Type: CI-Agenda Item
Title: Recommendation to 1. Approve a predevelopment loan in the amount of $250,000 to AMCAL Multi-Housing, Inc. for the property located at 1795 Long Beach Boulevard; 2. Authorize the President to negotiate a Predevelopment Loan Agreement with AMCAL Multi-Housing, Inc.; and, 3. Authorize the President to execute any and all documents necessary to implement the Loan Agreement.
Action: approve recommendation
Result: Pass