The Long Beach Housing Development Company

Agenda

1. FINISHED AGENDA & DRAFT MINUTES
2. CALL TO ORDER
3. ROLL CALL
4. REPORT OF THE CHAIR
5. ACTION ITEMS
6. 1. Recommendation to receive and file the minutes of the regular Board meeting of September 19, 2012.
   HC-Agenda Item
   Action: approve recommendation Passed

   A motion was made by McDaniel, seconded by Cwayna, to approve the recommendation. The motion carried by the following vote:

7. 2. Recommendation to approve a loan of up to $850,000 in HOME funds to Immanuel Community Housing, L.P. to provide gap financing for the development of Immanuel Church into a 25-unit affordable senior rental project; authorize the President or designee to negotiate and enter into a Loan Agreement with Immanuel Community Housing, L.P.; and authorize the President or designee to execute any and all documents necessary to implement the Loan Agreement.
   HC-Agenda Item
   Action: approve recommendation Passed

   A motion was made by Boardmember Weir, seconded by Boardmember Ulaszewski, to approve the recommendation. The motion carried by the following vote:

8. 3. Recommendation to support the re-establishment of the Andy Street Multi-Family Improvement District and authorize the President or designee to sign the petition, vote in the affirmative during the subsequent mailed ballot process, and pay corresponding assessment if the Andy Street Multi-Family Improvement District is re-established.
   HC-Agenda Item
   Action: approve recommendation Passed

   A motion was made by Boardmember McCarthy, seconded by Boardmember McDaniel, to approve the amended recommendation. The motion carried by the following vote:

9. 4. Recommendation to waive the Board's option to exercise its Right of First Refusal to purchase the property located at 3113 Atlantic, Unit 14; forgive any portion of the outstanding loan balance not received from the proceeds of the sale of the property; and, authorize the President or designee to sign any documents necessary to complete the transaction.
   HC-Agenda Item
   Action: approve recommendation Passed

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

10. 5. Recommendation to receive and file the Annual Financial Report for the Fiscal Year Ended September 30, 2011.
    HC-Agenda Item
    Action: approve recommendation Passed

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

11. REPORT OF THE PRESIDENT
12. NEW BUSINESS
13. PUBLIC PARTICIPATION
14. ADJOURNMENT
15. I, Elaine Young, Clerk Typist III, certify that the agenda was posted on November 2, 2012, not less than 72 hours prior to the meeting. Signature: _____________________________ Date: ________________
16. Note: The City of Long Beach provides reasonable accommodations in accordance with the Americans with Disabilities Act of 1990. If a special accommodation is desired, or if an agenda is needed in an alternative format, please call the Department of Development Services 48 hours prior to the meeting at (562) 570-6949.
17. Untitled item
18. ROLL CALL
19. ROLL CALL
20. ROLL CALL
21. FINISHED AGENDA & DRAFT MINUTES