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18-002CI
| 1 | 1. | November Special Meeting minutes | CI-Agenda Item | Recommendation to receive and file the minutes of the Special Board meeting held Wednesday, November 8, 2017. | approve recommendation | Pass |
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18-003CI
| 1 | 2. | Election of Officers_2018 | CI-Agenda Item | Recommendation to elect The Long Beach Community Investment Company Chair and Vice Chair. | approve recommendation | Pass |
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18-003CI
| 1 | | Election of Officers_2018 | CI-Agenda Item | Recommendation to elect The Long Beach Community Investment Company Chair and Vice Chair. | approve recommendation | Pass |
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18-004CI
| 1 | 3. | Housing Successor Annual Report | CI-Agenda Item | 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. | approve recommendation | Pass |
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18-005CI
| 1 | 4. | Clifford Beers_Additional Loan Funds | CI-Agenda Item | 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. | approve recommendation | Pass |
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18-006CI
| 1 | 5. | Sara's Apartments - Transfer of Ownership | CI-Agenda Item | 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. | approve recommendation | Pass |
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18-007CI
| 1 | 6. | NLP_Fiscal Agent & Grant Application | CI-Agenda Item | 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. | approve recommendation | Pass |
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18-008CI
| 1 | 7. | AMCAL Predevelopment Loan | CI-Agenda Item | 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. | approve recommendation | Pass |
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