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The Long Beach Community Investment Company

Wednesday, August 17, 2022 · 4:00 PM AM · 411 W. OCEAN BLVD. 3RD FLOOR CONFERENCE ROOM "DEFOREST" AND TELECONFERENCE

TL;DR

The Long Beach Community Investment Company held a hybrid meeting to discuss potential housing development, approving negotiations with LINC Housing Corporation for a property at 4151 E. Fountain Street. The board also reviewed the Brown Act and approved minutes from a previous meeting.

Key Decisions

  • Exclusive Negotiation Agreement with LINC Housing for Property Development Passed
  • Approval of Previous Meeting Minutes Passed
  • Brown Act Overview Review Received and Filed
Agenda PDF Minutes PDF

Agenda

  1. REGULAR MEETING
  2. IN-PERSON/VIRTUAL HYBRID LBCIC COMMISSION MEETING PURSUANT TO AB361
  3. PLEASE VIEW THE MEETING FROM YOUR COMPUTER, TABLET OR SMARTPHONE VIA: https://longbeach.gov/lbds/hn/lbcic/
  4. AGENDA
  5. CALL TO ORDER
  6. ROLL CALL
  7. FLAG SALUTE
  8. PRESIDENT'S REPORT
  9. MINUTES
  10. 22-021CI Recommendation to approve and file the minutes of the Special LBCIC Board meeting held on June 22, 2022
    CI-Agenda Item
    Action: approve recommendation Passed

    A motion was made by Director Sides, seconded by Director Wong, to approve recommendation. The motion carried by the following vote:

  11. REGULAR AGENDA
  12. 22-022CI Recommendation to Authorize the President or designee to enter into an Agreement to Negotiate Exclusively with LINC Housing Corporation for the purchase and development of 4151 E. Fountain Street. (District 3)
    CI-Agenda Item
    Action: approve recommendation Passed

    A motion was made by Director Sides, seconded by Director Melgarejo, to approve recommendation. The motion carried by the following vote:

  13. 22-024CI Recommendation to review the Overview of the Brown Act.
    CI-Agenda Item
    Action: received and filed

    This Item was received and filed.

  14. 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.
  15. COMMENTS
  16. ADJOURNMENT
  17. I, Monica Jaime, LBCIC Commission Secretary, certify that the agenda was posted not less than 72 hours prior to the meeting.
  18. Note: The City of Long Beach provides reasonable accommodations in accordance with the Americans with Disabilities Act of 1990. To request this information in an alternative format or to request a reasonable accommodation, please contact the Development Services Department at longbeach.gov/lbds and 562-570-3807 or (562) 570-6957. A minimum of three business days is requested to ensure availability; attempts will be made to accommodate requests with shorter notice.
  19. FINISHED AGENDA & MINUTES
  20. The In-Person/Virtual Hybrid Meeting of the Long Beach Community Investment Company was held on Wednesday, August 17, 2022 at 4:00 p.m., at Long Beach City Hall, located at 411 W. Ocean Blvd., third floor conference room "Deforest", Long Beach, California.