[00:00:02]
OKAY, I WOULD LIKE TO CALL TO ORDER THE LONG BEACH COMMUNITY INVESTMENT COMPANY MEETING, UH, FOR APRIL 17TH, 2024.
MADAM SECRETARY, CAN YOU PLEASE TAKE THE ROLE? THANK YOU.
VICE CHAIR DELGADO IS OUT TODAY.
WE HAVE A FORUM, HONOR AND, UM, DIRECTOR ESPARZA, MAY I HAVE YOU VOLUNTEER TO, TO ADVISE PLEASE.
I PLEDGE ALLEGIANCE TO THE FLAG OF THE UNITED STATES OF AMERICA AND TO THE REPUBLIC FOR WHICH IT STANDS.
ONE NATION UNDER GOD, INDIVISIBLE, LIBERTY AND JUSTICE.
IF YOU DON'T MIND, I WANNA MAKE SURE THAT WE'RE RECORDING BECAUSE I SEE ONLY, UM, THREE THEN I DON'T SEE OUR ROOM HERE.
NOW SECRETARY MAY PLEASE SPEAK FOR SECOND.
RECOMMENDATION TO RECEIVE AND FILE OF THE PRESIDENT'S REPORT.
MAY I GET A MOTION TO HEAR THIS ITEM? SO MOVED.
UM, IT'S BEEN MOVED BY DIRECTOR CHAMBERS AND SECONDED BY DIRECTOR SIDES.
UM, WE HAVE, SO WE HAVE A TIME CONSTRAINT TONIGHT, SO I'M WILLING TO SAY EVERYTHING IS WONDERFUL.
WE'VE HAD AN IMPORTANT, UM, UH, OPENING CEREMONY YESTERDAY FOR WELLSPRING, UH, ONE OF OUR, UH, DEVELOPMENTS THAT WE FUNDED HIGH ENROLLMENT.
BUT BEYOND THAT, IF IT'S OKAY WITH THE BOARD, WE'D LIKE TO JUST, UH, DO THE FULLER PRESIDENT'S REPORT NEXT MONTH AND FORWARD.
JUST REALLY QUICK, BECAUSE WE'RE EXCITED ABOUT THIS.
WE HAVE, WE'VE TALKED ABOUT IT IN THE PAST, BUT WE NOW HAVE, UH, INTEREST LIST FOR THOSE INTERESTED IN AFFORDABLE HOUSING UNITS AND ALSO THOSE INTERESTED IN GETTING, UM, ASSISTANCE IF THEY'RE LOWER INCOME HOMEOWNERS.
AND WE HAVE THESE POSTCARDS, SO YOU CAN, YOU KNOW, THE QR CODE AND YOU CAN, UH, JUST CLICK ON IT AND THEN SEE, UH, WHAT IT LOOKS LIKE AND HOW YOU CAN PROVIDE YOUR INFORMATION AND WHAT YOU'RE INTERESTED ON.
AND THEN EVERY TIME WE HAVE A NEW PROJECT COMING AVAILABLE OR WE HAVE NEW, UH, GRANT OR LOAN PROGRAMS, THEN YOU'LL AUTOMATICALLY BE ON OUR, UH, MAILING LIST, THAT'S ALL.
UM, WE'LL NOW TAKE PUBLIC COMMENT ON, UM, AT THIS POINT, MAY I ADD TO THE, UH, PRESIDENT'S REPORT, UM, DO THE RECOMMENDATION OF THE CITY CLERK'S OFFICE.
I JUST WANT TO CONFIRM THAT, UH, THE BOARD DID RECEIVE, UM, THE TWO MEMOS THAT WE SENT OUT.
ONE FROM THE CITY CLERK'S OFFICE, UPDATES ON MUNICIPAL CODE SECTION 2.18, AND THE OTHER ONE BEING GOVERNMENTAL OFFICIALS BLOCKING THE PUBLIC AND DELETE POSTS ON SOCIAL MEDIA.
IF YOU DID NOT RECEIVE IT, PLEASE LET ME KNOW AND I'LL MAKE SURE YOU DO RECEIVE THIS INFORMATION.
WE'LL, NOW TO PUBLIC COMMENT ON THIS ITEM, IF ANYONE WOULD LIKE TO SPEAK, PLEASE STAND.
UH, MEMBERS OF THE BOARD, IS THERE ANY DISCUSSION ON THE STUDY? UH, MADAM SECRETARY, PLEASE CALL FOR VOTE.
THE NEXT ITEM IS, UM, RECOMMENDATION TO APPROVE THE MINUTES FOR THE LONG BEACH COMMUNITY INVESTMENT COMPANY MEETING OF WEDNESDAY, MARCH 20TH, 2024.
MAY I GET A MOTION TO HEAR THIS ITEM? A MOTION? CAN I SECOND? OKAY, I'LL SECOND.
UM, AND IT HAS BEEN MOVED BY DIRECTOR ESPARZA AND SECOND DIRECTOR.
WE'LL NOW TAKE A, A PUBLIC COMMENT ON THIS ITEM FOR OUR PREVIOUS MINUTES, AND IF ANYONE WOULD LIKE TO SPEAK, PLEASE STAND.
BOARD MEMBERS, IS THERE ANY DISCUSSION ON THIS ITEM? HEARING NONE EITHER.
[00:05:01]
YES.UH, PLEASE READ THE NEXT ITEM.
THE NEXT ITEM IS RECOMMENDATION TO APPROVE A CONTRACT WITH WEST HOLLYWOOD COMMUNITY HOUSING CORPORATION IN THE AMOUNT OF UP TO 222, UH, 222,235 FOR THE DEMOLITION OF 1 1 3 1 EAST WARDLOW ROAD AND AUTHORIZE THE PRESIDENT OR DESIGNEE TO EXECUTE ANY AND ALL DOCUMENTS NECESSARY TO IMPLEMENT THE AGREEMENT.
MAY I HAVE A MOTION TO HEAR THIS ITEM? SECOND, UH, IT HAS BEEN MOVED TO DIRECTOR CHAMBER.
I'M SECONDED BY DIRECTOR SIZE STAFF.
IS THERE A REPORT? SUBMISS WILL BE GETTING THE REPORT.
UM, THIS ITEM IS A REQUEST FOR APPROVAL TO ENTER INTO CONTRACT WITH WEST
IN SEPTEMBER OF 2023, THE WEST HOLLYWOOD COMMUNITY HOUSING CORPORATION AND THE PROPERTY OWNER EXECUTED A PURCHASE AND SALE AGREEMENT TO PURCHASE THE SITE.
W-H-C-H-C ALSO SUBMITTED A PROPOSAL TO THE L-B-C-I-C IN SEPTEMBER OF 2023, REQUESTING FUNDING FOR THE DEVELOPMENT OF THE SITE ON NOVEMBER 15TH, 2023.
THE L-V-C-I-C AUTHORIZED AN AGREEMENT TO NEGOTIATE EXCLUSIVELY WITH K-W-H-C-A-C FOR THE DEVELOPMENT AND THE AWARD OF UP TO $7 MILLION OF FUNDING ON JANUARY 17TH OF THIS YEAR.
THE L-V-C-I-C APPROVED THE POSITION OF THE SITE FOR $5,475,000, AND THE ASSUMPTION OF THE PSA AND
THE SITE CONSISTS OF A VACANT 17,625 SQUARE FOOT WAREHOUSE FORMALLY USED AS A GROCERY STORE AND AN ADJACENT SURFACE PARKING LOT SEPARATED BY AN ALLEY.
THAT INCLUDED JUST A COUPLE PICTURES, ONE FROM THE OUTSIDE, ONE THE INSIDE.
IT'S JUST A BIG EMPTY WAREHOUSE REALLY.
CONSTRUCTION OF THE PROPOSED AFFORDABLE HOUSING DEVELOP WILL NOT COMMENCE UNTIL LATE 2025 AT THE EARLIEST TO REDUCE BLIGHT AND THE RISK OF THE SITE COMING A NEIGHBORHOOD NUISANCE.
IT IS RECOMMENDED TO DEMOLISH THE EXISTENCE STRUCTURE IMMEDIATELY TO MITIGATE POTENTIAL PROBLEMS OF STORMWATER RUNOFF.
AND WE GROWTH IS RECOMMENDED TO REMOVE THE STRUCTURE BY WE, THE FOUNDATION AND ING HAS PARKING PLATE PARKING LOT IN PLACE TO BE REMOVED AT A LATER DATE BY THE DEVELOPER.
THE SITE WILL BE ENCLOSED WITH THE NEIGHBORHOOD APPROPRIATE FENCE AND THE O-E-C-I-C MAY CONTRACT DIRECTLY WITH W-H-C-H-C FOR THE DEMOLITION MARKS.
AND W-H-C-H-C HAVE ALREADY GONE THROUGH
THE OPTION TO
THE DEMOLITION WORK CAN BEGIN IMMEDIATELY.
THAT'S AFTER DEMOLITION PERMIT IS APPROVED VERY SOON.
MITIGATES A MAJOR LIABILITY OF THE LVCC ASSET AND EARLY DEMOLITION MEANS THE PROPOSED AFFORDABLE HOUSING PROJECT CAN BEGIN CONSTRUCTION EARLIER OPTION TO CONTRACT DIRECTLY WITH W-H-C-H-C.
SOME OF THE MAJOR CONTRACT TERMS WOULD BE OF PREVAILING WAGE REQUIREMENTS.
W-H-C-H-C MUST REGISTERED A DEMOLITION CONTRACTOR WITH THE STATE OF CALIFORNIA DEPARTMENT OF INDUSTRIAL RELATIONS.
LABOR COMPLIANCE MONITORING REQUIREMENTS BY A PERFORMANCE BOND IS REQUIRED.
CONTRACT WILL INCLUDE THE 20% CONTINGENCY FUNDS WILL BE ADVANCED TO W-H-C-H-C AND BE STRUCTURED AS A DEFERRED LOAN TO BE REPAID BY W-H-C-H-C AND W-H-C-H-C.
AND ALL SUBCONTRACTORS WILL BE REQUIRED TO MAINTAIN LIABILITY INSURANCE THROUGHOUT THE ANNUAL MOTION PROCESS.
THE RECOMMENDATION TODAY IS TO APPROVE A CONTRACT WITH W-H-C-H-C IN THE AMOUNT UP TO $222,235 FOR THE DEMOLITION OF THE EXISTING STRUCTURE.
1131 EAST ROAD WITHOUT THE PRESIDENT, OR DOESN'T NEED TO EXECUTE ANY AND ALL DOCUMENTS NECESSARY RELATED TO THE ING CONTRACT.
AND THAT CONCLUDES THE PRESENTATION.
I THERE'S JUST ONE CLARIFICATION.
DO YOU WANNA YEAH, I JUST WANNA ADD TO THAT, THAT SINCE, UM, THE, SINCE WE DRAFTED THE STAFF REPORT, WE'VE BEEN NEGOTIATING THE, UM, CONTRACT WITH WEST HOLLYWOOD AND ALSO THEIR DEMOTION CONTRACTOR.
AND THERE'S SOME ISSUE BECAUSE WEST HOLLYWOOD DOES NOT SERVE AS A LICENSED CONTRACTOR, THAT, UM, LEGALLY THEY, THEY FEEL THAT THEY HAVE TO HAVE SHORT TERM SITE CONTROL.
AND SO WE'RE CURRENTLY NEGOTIATING SOME LANDLORD LANGUAGE THAT GIVES US SHORT TERM TERM LEASE AND SITE ACCESS.
AND SO WE'RE GONNA BE BUILDING THAT INTO THE CONTRACT.
SO I THINK THAT WE WANT TO JUST ADD THAT IT WOULD ALSO BE APPROVING US TO EXECUTE AND ENTER INTO ANY SORT OF RELATED LEASE AND CONTACT, UH, AGREEMENTS.
WE'LL NOW TAKE A PUBLIC COMMENT ON THIS ITEM, AND IF ANYONE WOULD LIKE TO SPEAK, PLEASE STAND.
[00:10:04]
GOOD EVENING.MANUEL ZU, PRESIDENT OF THE CALIFORNIA HEIGHTS NEIGHBORHOOD ASSOCIATION.
AND ON BEHALF OF MY BOARD, I WANT TO EXPRESS SOME RESERVATIONS WITH THIS ITEM.
I WANNA MENTION, WE MET WITH THE DEVELOPER ON MARCH 18TH.
THE DEVELOPER COMMITTED TO, UH, A HISTORIC ASSESSMENT OF THE BUILDING FROM GALVIN PRESERVATION ASSOCIATES.
AND WE THINK IT WOULD BE PREMATURE TO ENTER INTO A CONTRACT TO DEMOLISH THE BUILDING BEFORE THOSE RESULTS WERE EVEN OUT.
AND TO TAKE A STEP BACK, I THINK THIS ALSO FEEDS INTO A NARRATIVE THAT I'M HEARING IN THE COMMUNITY ABOUT THIS PROJECT BEING A DONE DEAL, PEOPLE NOT BEING LISTENED TO.
I THINK IN EXECUTING A CONTRACT LIKE THIS, I THINK IT LENDS TO THOSE ARGUMENTS THAT IT IS A DONE DEAL.
WHY AREN'T WE WAITING FOR THAT ASSESSMENT? IF THE ASSESSMENT SAYS THAT THERE ARE FEATURES THAT ARE HISTORIC, THOSE COULD BE INCORPORATED OR MITIGATED IN THE PROJECT.
SO I, I WOULD ASK, UH, THIS BODY TO CONSIDER POSTPONING THIS ITEM TO YOUR NEXT MEETING TO AT LEAST HEAR THE RESULTS OF THAT ASSESSMENT.
AND ALSO TO, TO, TO IZE ON A FUTURE MEETING.
WHAT ARE SOME BEST PRACTICES IN ENGAGING THE COMMUNITY? YOU KNOW, YOUR CHARGE IN BUILDING SUSTAINABLE HOUSING AND REVITALIZING NEIGHBORHOODS.
A BIG COMPONENT OF THAT IS INCORPORATING THE NEIGHBORHOOD IN THAT PROCESS.
CAN YOU HONESTLY FEEL THAT THAT'S HAPPENING? ARE THERE BEST PRACTICES OUT THERE? ARE THERE BETTER THINGS WE CAN DO? UH, I WOULD ENCOURAGE THIS BODY TO TALK ABOUT THAT SO WE CAN MAKE THIS A PROJECT WE'RE ALL PROUD OF AND POINT TO AS OTHER PROJECTS THAT WE BUILT.
UH, BOARD MEMBERS, IS THERE ANY DISCUSSION ON WHEN YOU SAY STRUCTURE OR TO DETERMINE HISTORIC? SO THERE SEEMS TO BE A LITTLE DISCREPANCY RIGHT NOW ON WHAT GEAR EXACTLY THE STRUCTURE WAS BUILT, BUT HERE'S THE INFORMATION I HAVE IS THAT WEST HOLLYWOOD HAS IN FACT KEPT OUR PROMISE AND ENGAGED, UH, HISTORICAL STUDY.
ALTHOUGH, AND THIS IS COMMON WITH OUR CONSULTANTS TOO, IT'S NOT BEEN FORMALIZED AND INTO A FORMAT THAT GOES OUT.
IT IS DUE NEXT WEEK, AND THE PRELIMINARY RESULTS FORM THAT THERE IS NO PRESERVATION REQUIRED.
HOWEVER, IF THAT TURNS OUT TO BE DIFFERENT AND IT LEADS TO THE COSTS RISING ABOVE WHAT WE'RE ASKING YOU TO APPROVE RIGHT NOW, THEN THE STAFF WOULD SURELY COME BACK TO THE BOARD AND ASK YOU TO AMEND THE CONTRACT AMOUNT.
UM, RIGHT NOW WE'RE GOING ON WHAT INFORMATION WE HAVE AT HAND, AND IN ADDITION, WE HAVE A HEALTHY CONTINGENCY BUILT INTO THE CONTRACT.
THE REASON WE THINK IT IS IMPORTANT TO TAKE ACTION NOW IS BECAUSE WE CANNOT EVEN APPLY FOR A DEMO PERMIT IN WHICH MORE INFORMATION WILL COME FORTH.
WE, THE CONTRACTOR WILL NOT APPLY FOR A PERMIT UNTIL THERE'S A CONTRACT APPROVED AND EXECUTED.
SO THE PERMIT IS GOING TO TAKE ABOUT SIX WEEKS, AND WE'LL BE DOING ALL THE DUE DILIGENCE WITH PLANNING AND BUILDING AT THAT TIME.
UM, AND LIKE I SAID, IF THE COST RISE ABOVE WHAT WE'RE APPROVING, THEN WE'LL SURELY COME BACK TO YOU.
BUT WE CAN'T START THE PROCESS.
AND ALREADY IN THE TWO WEEKS SINCE WE'VE OWNED THE PROPERTY, WE'RE ALREADY SEEING THINGS HAPPENING AT THE SITE, HOMELESS PEOPLE, TRYING, YOU KNOW, THERE'S ALREADY BEEN AN ISSUE OF, OF PEOPLE EXPERIENCING HOMELESSNESS, UM, HANGING OUT AROUND THE SITE.
WE'RE ALREADY SPENDING MONEY TO WORK FROM THE INSIDE OUT.
WE DON'T WANNA HAVE ANOTHER INCIDENT.
WE LIKE WE'VE HAD OUT AT 41 51 FOUNTAIN.
IT'S OUR PROMISE TO THE COMMUNITY AND WE FEEL LIKE IT'S THE BEST, MOST RESPONSIBLE THING TO DEMO AND CLEAR THAT SITE AND KEEP IT MAINTAINED.
SO MY UNDERSTANDING IS THE STRUCTURE WILL COME DOWN THE
AND, UM, I UNDERSTAND ALL OF THAT.
AND THEN WE GET THE RESULTS IN FROM THE HISTORICAL STUDY.
CAN, CAN THAT PREEMPT THE PROJECT FLOW FOR RECONSIDERATION? SO THIS ISN'T THE APPROVAL MODEL FOR THE, UM, DEMOTION.
THE, UH, DEPARTMENT IS NOT NECESSARILY DEMOLITION PERMIT, UM, HISTORICALLY SOURCE.
UM, BUT JUST AS A REMINDER AND, AND YOU CAN KIND OF EVALUATE THE VALIDITY SPEAKERS ARGUMENT.
UM, THIS IS A BUILDING THAT WAS MODIFIED IN THE LATE 1970S, 1978.
AND THEN THERE'S SOME DISPUTE ABOUT AT WHAT POINT WAS IT BUILT? WAS IT BUILT RIGHT BEFORE THEN OR WAS IT BUILT IN THE 1950S? AND IF YOU MODIFIED IT SO MUCH IN 1978, IS IT STILL THE BUILDING THAT WAS CONSTRUCTED IN THE 1950S? UM, THERE'S NEVER INDICATORS THAT WOULD FLAG IT AS HISTORIC.
IT'S NOT ON ANY LIST OF HISTORIC RESOURCES.
IT'S NOT, UM, THE MASTER WORK OF A MASTER ARCHITECT IS NOT ASSOCIATED WITH MAJOR EVENTS IN LONG BEACH HISTORY.
BUT NONETHELESS, WE'RE GONNA FINISH THE REPORTING AND GO THROUGH THE PROCESS WITH PLANNING AND BUILDING.
WHO ARE THE REGULATORS THAT RELEASE,
[00:15:01]
UM, THE DEMOLITION PERMIT? UM, IN TERMS OF OUTREACH, THE OUTREACH HAS TO START SOMEWHERE.SO WE'VE HAD INITIAL MEETINGS WITH HEALTH HEIGHTS ASSOCIATION.
WE HAD A RAUCOUS BUT IMPORTANT, UM, PUBLIC MEETING, AND THERE'S GONNA BE MORE MEETINGS AND THERE'S GONNA BE MORE OUTREACH.
BUT IT IS, UM, I THINK MAYBE NOT A, A COMPLETE STORY TO SAY THERE HASN'T BEEN ENOUGH OUTREACH BECAUSE BY DEFINITION DURING MEETING ONE, THERE WEREN'T A LOT OF MEETINGS BEFORE THAT, BUT WE'RE AT THE BEGINNING OF THE PROCESS.
THERE'S, THE PROJECT IS NOT DEFINED AND NOT FINALIZED BECAUSE NO APPLICATION MUCH LESS THAN APPROVALS FROM PLANNING.
WE'VE HAD EXTREME PROBLEMS ON OTHER PROPERTIES THAT WE'VE TRIED TO HOLD VACANT AND WE'RE TRYING TO WORK FROM THOSE LESSONS WITH THIS EVERY TIME WE MEET HERE.
YEAH, I MEAN, THIS IS A PUBLIC FORUM, BUT THIS IS IN A CITY HALL CONFERENCE ROOM DURING THE WEEK, UM, AT FOUR O'CLOCK.
SO THAT'S NOT PERFECT, UM, FOR COMMUNITY, RIGHT? SO THAT'S WHY WE TRY TO GO TO WHERE PEOPLE ARE AND WE HAVE EVENING MEETINGS AND WE MEET WITH THE EXISTING ASSOCIATION LIKE WE'VE BEEN DOING WITH
AND THAT'S ALL BEFORE A PROJECTS EVEN BY.
SO THERE'S A LOT OF PROCESS IN FRONT OF THIS PROJECT.
SECOND QUESTION, COULD YOU SHARE A LITTLE BIT MORE EXPLAINING WHAT YOU MENTIONED ABOUT THE VERBIAGE OF THEM BEING ACCESS TO THE PROPERTY? UM, IN SOME, BECAUSE THE DEVELOPER IS NOT A LICENSED CONTRACTOR, UM, IT'S BEEN DEEMED BY THEIR LEGAL TEAM THAT IF THEY HAVE SITE CONTROL BUT CAN BE IN THE FORM OF A SHORT TERM LEASE, THEN WE ARE NOT REACHING ANY KIND OF, UM, LEGALITIES.
UM, AND THEN ONCE DEMO IS COMPLETED, THEIR LEASE AGREEMENT WOULD END THAT BEEN DONE.
WELL, I THINK WHAT THEY WERE LOOKING FOR IN TERMS OF TERMIN IS THAT TENANTS HAVE PROVEN ALLOWED SUPPORT THAT MADE THEIR MORE
AND TO ANSWER THE SECOND PART, YOUR QUESTION, THIS IS ALL UNCHARTED TERRITORY BECAUSE TYPICALLY, UM, YOU KNOW, WE WOULD JUST HOLD THE PROPERTY, UM, OR WE WOULD OWN THE PROPERTY LATER.
BUT IN THIS CIRCUMSTANCE, WE OWN THE PROPERTY EARLIER AND FROM OUR EXPERIENCE ELSEWHERE, UM, WITH OUR PROPERTY FOUNTAIN, BUT ALSO WITH SOME THINGS THAT ARE HAPPENING WITH PROPERTY, WE JUST, IT WOULD BE ANCE.
WE, WE DON'T SEE A VIABLE PATH TO HOLD THE PROPERTY VACANT FOR AN EXTENDED PERIOD OF TIME.
IT'LL, IT'LL BE BECOME A NUISANCE.
ANY FURTHER QUESTIONS? PRINCIPAL, UH, HEARING ON MAY, UM, SECRETARY RAM HELP WITH IT? THANK YOU.
RECOMMENDATION TO RECEIVE AND FILE A REPORT ON THE PROPOSED FISCAL YEAR 2025 ACTION PLAN.
BUDGET FOR THE EXPENDITURE OF COMMUNITY DEVELOPMENT GLOCK GRANT, CDBG, HOME INVESTMENT PARTNERSHIP GRANT, HOME AND EMERGENCY SOLUTIONS GRANT, ESG FUNDS UNDER THE CURRENT FIVE YEAR COUNCIL CONSOLIDATED PLAN.
MAY I GET A MOTION? HEAR THE ITEM.
UM, IT HAS BEEN MOVED BY DIRECTOR SIDE, SECOND BY DIRECTOR, UM, CHAMBER, THE OFFICER REPORT OR PRESENTATION FOR THE ITEM, SORRY,
UM, LIZ WILL BE GIVING US THAT REPORT.
UM, THIS PRE PRESENTATION IS A RECEIVE FILE ITEM AND WE WILL COVER THE PROPOSED BUDGET AND ACTIVITIES FOR THE FY 25 ACTION PLAN FOR OUR HUD GRANT FUND.
UM, AS YOU KNOW, WE'RE CURRENTLY IMPLEMENTING THE LAST, UM, I MEAN THE CURRENT FIVE YEAR CONSOLIDATED PLAN.
THE CONSOLIDATED PLAN IS A REQUIREMENT IN ORDER TO RECEIVE OUR CDBG HOME AND ESG FUNDS.
WE'RE CURRENTLY IMPLEMENTING FY 24 ACTION PLAN, WHICH WAS WHAT YOU APPROVED, UM, WHAT CITY COUNCIL APPROVED LAST YEAR AND WE'RE, UM, WE HELD THE FIRST PUBLIC HEARING ON MARCH 20TH.
SINCE THEN, WE'VE BEEN DOING OUTREACH AND GATHERING INFORMATION FROM COMMUNITY.
UM, AS OF TODAY, WE'RE DEALING WITH AN UNPRECEDENTED CHALLENGE OF NOT YET KNOWING
[00:20:01]
OUR LOCAL LOCATION FROM HUB FOR FY 25, WHICH WILL START OCTOBER 1ST.SO IN THE UPCOMING TABLE, PLEASE KEEP IN MIND WE'RE PRESENTING A PROJECTION BASED ON, UM, A PROJECTION, A RECOMMENDATION.
THIS IS WHAT OTHER JURISDICTIONS ARE ALSO DOING ON WHAT WE CURRENTLY KNOW ABOUT HIGH LEVEL FUNDING CUTS MADE BY CONGRESS.
SPECIFICALLY, WE'LL BE PRESENTING A PREVIEW OF OUR BUDGET WITH, WITH AN ESTIMATED ASSUMED 17% DECREASE IN HOME.
UM, THAT IS THE BIGGER POT OF THE MONEY.
UM, NO CHANGE IN CDBG OR ESG FUNDING COMPARED TO LAST YEAR'S ALLOCATION.
THIS IS A RECEIVEMENT FILE ITEM, BUT WHEN WE, UM, COME BACK IN JUNE, WE'LL COME BACK WITH, UM, AS, AS PART OF THE SECOND AND FINAL PUBLIC HEARING, WE'LL COME BACK WITH FINAL NUMBERS.
WE JUST HAD A MEETING WITH HUD TODAY.
THERE'S A COUPLE OF IMPORTANT RULES AND REGULATIONS TO COMPLY WITH AS WE DEVELOP OUR ACTION PLAN.
UM, CDBG HOME AND DSG EACH HAVE THEIR OWN EXPENDITURE AND COMMITMENT, UM, REQUIREMENTS AS SHOWN HERE FOR CDBG.
UM, AN IMPORTANT ONE IS OUR LINE OF CREDIT BALANCE MUST NOT EXCEED 1.5 TIMES OUR ANNUAL GRANT AMOUNT BY THE TEST DATE, UM, OF AUGUST 2ND.
IN OTHER WORDS, EVERY YEAR IN AUGUST, 60 DAYS BEFORE THE END OF OUR FISCAL YEAR HAVE CONDUCTS A TIMELINESS TEST.
THEY DO THIS BY CALCULATING THE RATIO OF OUR UNSPENT FUNDS.
IF WE HAVE MORE THAN 1.5 TIMES OUR ANNUAL GRANT AMOUNT, WE FAIL TO MEET TIMELINESS.
WE, UM, DID MEET TIMELINESS AND WE EXPECT TO MEET TIMELINESS UPCOMING AUGUST FOR THE HOME PROGRAM.
FUNDS MUST BE COMMITTED WITHIN TWO YEARS FROM THE DATE OF THE ANNUAL GRANT AGREEMENT AND EXPENDED WITHIN FIVE YEARS FROM THE DATE THE FUNDS ARE RECEIVED.
FOR ESG FUNDS MUST BE EXPENDED WITHIN TWO YEARS FROM THE DATE THE ANNUAL GRANT AGREEMENT IS SIGNED.
EACH OF THESE GRANTS ALSO HAVE ALLOCATION CAPS FOR SPECIFIC EXPENSES.
FOR CDBG, WE CAN SPEND UP TO 20% ON ADMINISTRATION FOR HOME.
THE ADMINISTRATION CAP IS 10% FOR ESG IS 7.5%.
AN IMPORTANT FUNDING CAP FOR CDBG, UM, IS WHAT WE CALL PUBLIC SERVICE.
WE CAN ONLY SPEND UP TO 15% OF OUR ALLOCATION ON PUBLIC SERVICE ACTIVITIES, WHICH ARE ESSENTIALLY NON BRICK AND MORTAR ACTIVITIES LIKE EDUCATIONAL PROGRAMS OR RECREATION PROGRAMS. UM, EVERYTHING ELSE HAS TO BE SPENT ON EITHER ADMIN OR BRICK AND MORTAR TYPES OF PROGRAMS. FOR HOME, WE MUST DEDICATE AT LEAST 15% OF OUR ALLOCATION TO CHODOS WITH OUR, WHICH ARE COMMUNITY HOUSING DEVELOPMENT ORGANIZATIONS.
CHODOS ARE PRIVATE, NONPROFIT, COMMUNITY BASED ORGANIZATIONS THAT HAVE THE CAPACITY TO BUILD AND DEVELOP AFFORDABLE HOUSING AND OR DEVELOP AFFORDABLE HOUSING.
AND LASTLY, ESG REQUIRES THAT NO MORE THAN 60% OF ITS ALLOCATION BE USED FOR EMERGENCY SHELTER.
KEEPING ALL THAT IN MIND, THE NEXT TWO SLIDES SHOW OUR ESTIMATED FY 25 BUDGET FOR CDBG.
AGAIN, WE'LL COME WITH FINAL NUMBERS FOR THE SECOND PUBLIC HEARING.
OUR ESTIMATED ENTITLEMENT IS 5 MILLION, UM, FOR HUD, FOR, SORRY FOR C CBG IS WHAT WE RECEIVED LAST YEAR BECAUSE WE, WE WERE SEEING NO CHANGE.
UM, BUT OF COURSE THAT MIGHT INCREASE OR DECREASE, UM, OF $5.2 MILLION WITH AN ADDITIONAL SIX, UH, 60,000 IN PROGRAM INCOME.
THE MIDDLE COLUMN IS OUR FY 24 BUDGET FOR COMPARISON, WHICH WAS LAST YEAR'S BUDGET.
UM, AND ALL OF THE PROGRAMS WITHIN ASTERISK, ASTERISK, UM, GRAFFITI REMOVAL, GRAFFITI PREVENTION, NEIGHBORHOOD RESEARCH CENTER, NEIGHBORHOOD LEADERSHIP PROGRAM AFTER SCHOOL RECREATION AND SENIOR SERVICES ARE CONSIDERED PUBLIC SERVICE ACTIVITIES, WHICH, UM, ARE UNDER THE 15% CAP I MENTIONED FOR PUBLIC SERVICE.
IN THE LATER SLIDE, I'LL DISCUSS ACTIVITIES THAT ARE EITHER RECEIVING AN ESTIMATED INCREASE OR DECREASE THAT WE'RE RECOMMENDING.
THIS IS THE REST OF THE CDBG TABLE.
AS YOU SEE SOME OF THE ACTIVITIES HERE, WE'RE SHOWING, UM, LISTED TOTAL PRIOR ACTIVE CARRYOVER.
UM, WE'LL SUSTAIN THE RESPECTIVE SERVICES FOR THE NEXT YEAR.
WE'RE BUDGETING JUST UNDER 20% MAX ALLOWANCE FOR ADMIN.
UM, FAIR HOUSING IS ALSO BUDGETED UNDER THE ADMINISTRATION CATEGORY.
IF THERE IS AN INCREASE OR DECREASE TO OUR FINAL ALLOCATION FROM HUD, THE ACTIVITY THAT WILL MOST LIKELY BE IMPACTED IN THE DRAFT VERSION OF THE ACTION PLAN THAT WILL BE POSTED FOR PUBLIC COMMENT IN MAY IS, UM, HOUSING ACQUISITION OR LOAN.
THAT ACTIVITY, UM, CURRENTLY LISTED AT 1.6 MILLION.
SO IF CDBG IS REDUCED BY A HUNDRED THOUSAND, WE'RE ESTIMATING TO REDUCE THIS LINE ITEM BY A HUNDRED THOUSAND.
SO WE'LL GO BACK TO 1.5 MILLION.
UM, IF THE BOARD HAS A DIFFERENT RECOMMENDATION, UM, PLEASE LET US KNOW AT THE END OF THE PRESENTATION.
UM, AND ALSO AS A RESULT OF ADMINISTRATION AND PUBLIC SERVICE CAPS, THERE MIGHT ALSO
[00:25:01]
BE ADJUSTMENTS TO THIS PROGRAM.IF THERE'S ALSO, IF THERE'S A HUNDRED THOUSAND INCREASE OR DECREASE, WE WILL ALSO AS A LINE ITEM THAT WILL BE OR ESTIMATED TO BE ENTIT FOR THE HOME PROGRAM.
OUR TOTAL ENTITLEMENT'S ESTIMATED TO DECREASE OR WE ARE ESTIMATING IT TO DECREASE BY 17% WITH AN ESTIMATED PROGRAM INCOME OF 1.5 MILLION.
UM, THESE ARE THE PROPOSED ACTIVITIES THAT IF THERE'S AN INCREASE OR DECREASE IN THE ACTUAL FY 25 ALLOCATION, THE ACTIVITY THAT WILL MOST LIKELY BE IMPACTED IS, UM, OUR BUCKET FOR NEW CONSTRUCTION ACQUISITION REHABILITATION.
AND THAT IS AGAIN, AS A RESULT OF ADMINISTRATION CAPS AND SHUTTLE REQUIREMENTS.
UM, THERE MAY BE ALSO PROPORTIONATE ADJUSTMENTS TO THOSE PROGRAMS. THIS IS THE ESG BUDGET FOR FY 25.
OUR ESTIMATED ENTITLEMENT, UM, IS UNCHANGED AT 7 4 7 8 470 7,000 AT THIS TIME.
THESE ACTIVITIES ARE FUNDED ACCORDING TO HOMELESS, UM, SERVICES NEEDS IN THE HEALTH DEPARTMENT.
AND AS YOU CAN SEE, THERE'S A FEW MINOR CHANGES WITH ADDITIONAL FUNDING FOR STREET OUTREACH, UM, THIS YEAR.
AND IF WE RECEIVE AN INCREASE OR DECREASE IN FUNDING, THE HEALTH DEPARTMENTS CURRENTLY DETERMINING WHICH ACTIVITIES WILL BE IMPACTING WILL BE, UM, THEY WILL WANT TO IMPACT IN THEIR FINAL BUDGET.
OKAY, THE NEXT TWO SLIDES COVER OUR ESTIMATED RECOMMENDATIONS FOR CHANGES FOR FY 25.
BEGINNING WITH CDBG, WE ESTIMATE FUNDING.
IF WE ESTIMATE FUNDING TO REMAIN THE SAME.
UM, WE ARE PROPOSING AN INCREASE TO THE HOUSING LOAN ACQUISITION PROGRAM OF 50,000.
UM, AGAIN, BECAUSE IT'S THE HIGHEST PRIORITY, BOTH FOR CONSOLIDATED PLAN, STRATEGIC PLAN, UM, CITYWIDE AND HOUSING ELEMENT ADMINISTRATION WILL ALSO SEE AN INCREASE OF 10,000 WHEN WE PROPOSE AN INCREASE, WE HAVE TO SEE A DECREASE SOMEWHERE ELSE.
AND FOR THIS YEAR, UM, THE URBAN FORESTRY PROGRAMS BEING IMPLEMENTED BY THE OFFICE OF SUSTAINABILITY WITH OTHER FUNDING SOURCES SO THAT, UM, COMMUNITY LEAD IS STILL BEING MET, BUT WE'RE PROPOSING TO NOT FUND IT WITH CDBG SINCE IT'S OUT OF OUR DEPARTMENT.
UM, ANY OTHER ACTIVITIES THAT WE COVERED IN THE PREVIOUS TABLE? THE LIST OF ACTIVITIES THAT THEY'RE NOT SHOWN HERE, THAT MEANS THERE'S NO PROPOSED CHANGE FOR THAT.
UM, FOR THOSE ACTIVITIES FOR CDBG, FOR THE HOME PROGRAM, UM, WE'RE PROPOSING AN INCREASE OF 150,000 TO SECURITY DEPOSIT AND RENTAL ASSISTANCE PROGRAM DUE TO HIGH DEMAND, HIGH PRIORITY, HIGH SPENDING.
AND THAT ACTIVITY FOR THIS CURRENT FISCAL YEAR AND A DECREASE TO THE NEW CONSTRUCTION PROGRAM, WHICH IN REHAB MOSTLY DUE TO A 17% DECREASE.
AND UM, AGAIN, IF WE STILL SEE AN INCREASE OR NOT A, NOT A 17% DECREASE.
THE LINE ITEM THAT WILL BE IMPACTED IS THE CONSTRUCTION ACQUISITION IN
WE'RE HOPING IT'S NOT 17% NOW FOR ESG AS LONG AS THERE'S NO CUTS, HEALTH DEPARTMENT IS, UM, RECOMMENDING A SHIFT IN A LITTLE BIT OF A SMALL CHANGE IN EMERGENCY SHELTER.
AND THEN FOR US TO IN, UM, INCREASE THE FUNDING TO STREET OUTREACH AND THEN DO THE FUNDING FOR RAPID REHOUSING, THE RECOMMENDATIONS TODAY IS TO RECEIVE AND FILE THIS REPORT ON THE PROPOSED FISCAL YEAR FYI 25 ACTION PLAN FOR THE EXPENDITURE OF CBG HOME AND ESG FUNDS UNDER THE CURRENT FIVE YEAR CONSOLIDATED PLAN.
THAT CONCLUDES THE PRESENTATION FOR THIS ITEM.
WE'RE HAPPY TO TAKE ANY QUESTIONS YOU MAY HAVE.
UH, WE WILL NOW TAKE COVER COMMENT ON THIS ITEM AND NATHAN TO SPEAK.
HOW YOU DOING EVERYBODY? MY NAME IS AYA
WITH RESPECT TO, UH, TODAY'S MEETING.
FIRST THANK YOU FOR YOUR PRESENTATION.
I DIDN'T, I'VE NEVER HEARD BEFORE, BUT, UM, I'M CURIOUS.
I HAVE A COUPLE OF THINGS I WOULD LIKE MAYBE THIS BODY TO FOCUS ON.
FOR ONE, I DON'T UNDERSTAND THE UTILIZATION OF $150,000 FOR A SECURITY DEPOSIT FOR RESPECT TO HOME.
BECAUSE IF YOU USE CAL A, UH, IT'S ONE OF THE OPPORTUNITIES FOR MEDI-CAL TO COME TO HAVE YOUR SECURITY DEPOSIT COVERED RIGHT NOW.
SO I THINK IT'S A MISALLOCATION MONEY WE CAN RE UTILIZE THAT TOWARDS SOMETHING ELSE.
CAL IS A PROGRAM WITH THE STATE, UH, HAS UH, THIS IS ONE OF THE COMMUNITY SUPPORTS THAT THEY HAVE BECAUSE HOUSING'S A PUBLIC HEALTH ISSUE NOW.
SO, SO YOU CAN USE THE MONEY FOR SOMETHING ELSE.
WHAT ELSE CAN WE USE IT FOR? WELL THAT'S WHY I HAVE SOME SUGGESTIONS.
UH, I THINK THAT IF WE'RE GONNA BE RISKY WITH RESPECT TO UH, WORKING WITH PEOPLE WHO AREN'T LICENSED CONTRACTORS AND OTHER ARENAS 'CAUSE WE'RE TRYING
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TO, UH, ENGAGE WITH OUR ARENA NUMBERS.I'M NOT GONNA ASK THE QUESTION, BUT I THINK YANKEE AND OUR MOTEL FRIENDS, I THINK THEY'VE GOTTEN MORE THAN ENOUGH MONEY TO HUG MONEY TO REHABILITATE
I THINK WE COULD PROBABLY, UH, SHARE THE POT.
THERE ARE OTHER MORE EFFICIENT OPERATORS IN RESPECT TO FEDERAL MONEY AND I THINK WE SHOULD GO FIND THEM.
AND IF THAT IS AN RFP, LET'S MAKE AN RFP IF THAT IS AN OPPORTUNITY TO BUY, UH, IN THE CENTRAL AREA, UH, THE ATED BUILDINGS AND JUST TRANSFER 'EM AND THEN WE CAN REU UTILIZE THOSE VOUCHERS THAT ARE RB UTILIZED TO HOUSE THE PEOPLE THAT LIVE IN THESE BUILDINGS.
UM, I HAVE NO PROBLEM FREE OF CHARGE HELPING WITH THAT CONSIDERATION.
BUT WITH RESPECT TO THE HOME MONEY, I JUST WANTED TO PUT THAT OUT THERE.
HUNDRED 50 CAN, SO ELSE THE STATE HAS THE MONEY.
ANY OTHER PUBLIC COMMENTS? HEARING NONE, BOARD MEMBERS, IS THERE ANY DISCUSSION ON THE SIDE? YEAH, THANK YOU FOR THE PRESENTATION FOR CLEARLY CALLING OUT THE CHANGES.
UM, COLOR CODING IS EXCELLENT.
THE UM, I'M WONDERING WHY WE HAVE A FILE RECEIVE THE FILE ITEM THOUGH WHEN I PROPOSED BUDGET, WHEN WE'RE GONNA SEE THE FINAL PLAN NEXT MONTH BECAUSE OF
WE'RE TRYING TO MAKE IT ENJOYABLE WITH THE COLOR CODING AND PROVIDING YOU AS MUCH INFORMATION AS WE CAN, BUT IT IS FULFILLING A PROCEDURAL REQUIREMENT.
THEN WE WILL, WE WILL RELEASE THE DRAFT, WHICH PUBLIC, PUBLIC CAN ALSO MAKE COMMENT ON IT IN MAY.
SO BEFORE THAT EVEN HAPPENS, WE'RE GOING TO THE BOARD AND HEARING OUT THE COMMUNITY, JUST LIKE WE DO OUT THERE IN THE COMMUNITY TO HEAR WHAT ARE, WHAT ARE THESE NUMBERS, HOW DO THEY RESONATE WITH YOU AND HOW ARE YOU FEELING ABOUT THEM BECAUSE THESE ARE OUR RECOMMENDATIONS, MY ESTIMATE BASED ON HOW WE'VE SEEN PROGRAMS BEING EFFICIENT, WHAT WE'VE SEEN IN THE DATA.
BUT IF THERE'S ANYTHING ELSE THAT WE'RE HEARING, THIS IS ALSO AN OPPORTUNITY FOR OKAY, GOT IT.
BUT IT'S NOT, WE'RE NOT GONNA CHANGE THE NUMBERS WE'RE PRESENTING, WE'RE TAKING INPUT, THEN PRESENTING THE NUMBERS IN JUNE AFTER THE PUB, THE 30 DAY PUBLIC COMMENT PERIOD.
SO THIS GENTLEMAN'S COMMENTS AND, AND IDEAS AND SUGGESTIONS CAN BE INCORPORATED JUST LIKE EVERYONE ELSE.
IS THAT OVER THE NEXT 30, 60 DAYS? YES, AND WE, WE HAVE ASKED THE QUESTIONS TO HEALTH DEPARTMENT TO SEE IF THEY'RE OKAY.
WE HEARD, WE HEARD HIS COMMENT WAS, UM, BROUGHT UP AT A DIFFERENT MEETING.
SO WE'RE, WE'RE DOING OUR RESEARCH AND TRYING TO FIGURE OUT HEALTH DEPARTMENT'S DOING SOMETHING.
I ASKED PERMISSION AND I CAN RESPOND TO MR. KING'S COMMENT AND I FEEL COMPELLED TO BECAUSE I REALIZE THAT PEOPLE LISTEN TO THESE RECORDINGS AND
UM, I JUST WANNA RESPOND, CLARIFY.
THE UNLICENSED, UM, CONTRACTOR, THE REASON WE ARE ENTERING INTO A CONTRACT WITH WEST HOLLYWOOD, WHICH IS THE DEVELOPER, WHICH IS AN UNLICENSED CONTRACTOR, IS BECAUSE WE'VE ALREADY GONE THROUGH A COMPETITIVE PROCESS WITH THEM AND AWARDED THEM FUNDS TO DEVELOP THE PROJECT.
AND BECAUSE THEY WERE THE RECIPIENT OF THIS COMPETITIVE PROCESS, WE CAN USE THEM TO CONTRACT AND GET THE DEMOLITION DONE VERSUS GOING THROUGH A WHOLE NEW RFP PROCESS, WHICH WOULD RESULT IN US HOLDING THAT SITE AND TRYING TO KEEP IT CLEAN AND CLEAR OF PEOPLE EXPERIENCING HOMELESSNESS FOR UP TO A YEAR.
UM, BUT THEY ARE NOT THE CONTRACTOR THEMSELVES.
THEY HAVE SUB IT OUT AND HAVE DONE A BIDDING PROCESS AND HAVE GONE WITH THE LOWEST BIDDER FOR CONTRACT.
YOU COULD BUILD A THOUSAND UNITS.
I JUST WANNA, WE DON'T, WE DON'T THINK IT SAME WAY.
I MAYBE FOR YOU TOO, MAYBE THAT SURE, SURE, SURE.
AND, AND, AND FOR HIS OTHER COMMENT, YOU KNOW, WE'RE LOOKING AT, UM, CAL A AND THAT IS A PROGRAM I OUT EVERYONE'S ROLE THEN THAT PROGRAM WE CAN EDUCATE.
UM, SO I'D LOVE TO USE OUR HOME DOLLARS FOR OTHER THINGS, BUT JUST SO EVERYONE KNOWS WHAT THE SECURITY DEPOSIT PROGRAM IS, UM, LOW INCOME PERSONS, ESPECIALLY SENIORS THAT DON'T HAVE MONEY FOR A SECURITY DEPOSIT TO GET INTO HOUSING, OBVIOUSLY GETTING INTO HOUSING, HELPING PEOPLE GET INTO HOUSING IS MUCH MORE COST EFFECTIVE AND, YOU KNOW, MORALLY, ETHICALLY THE RIGHT THING TO DO VERSUS WAITING FOR PEOPLE TO BE ON THE STREET AND SPENDING A LOT MORE MONEY.
SO, UH, WE CITY WILL PAY THEIR SECURITY, UM, DEPOSIT UNDER THIS PROGRAM.
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PROGRAM.WE'VE ACTUALLY INCREASED OUR UTILIZATION OF IT.
IT DOES HELP, UM, REAL PEOPLE IN NEED OUT THERE.
IF THE STATE'S GONNA COME FILL THAT ALL FANTASTIC BECAUSE I'D LOVE TO SPEND THAT MONEY ON THE ACQUISITION, UM, FOR FUTURE PROJECTS.
UM, BUT THE STATE GIVEN AND TAKE IT AWAY, SO THEY'RE IN THE MIDDLE OF A BUDGET CRISIS.
I DON'T KNOW, UH, HOW, HOW IS GONNA BE FUNDED NEXT YEAR.
UM, SO WE HAVE TO FIGURE ALL OF THAT OUT AND WORK WITH HEALTH.
UM, YOU KNOW, WE'RE NOT HAPPY THAT CONGRESS HASN'T PASSED THE BUDGET AND WE DON'T EVEN KNOW IF ANY OF THESE NUMBERS ARE CORRECT AND IT LOOKS LIKE THERE'S GONNA BE A MAJOR CUT TO HOME, WHICH IS UNFORTUNATE BECAUSE THAT'S OUR NUMBER ONE FUNDING SOURCE FOR, YOU KNOW, FOUR, FOUR UNITS.
BUT WE'RE TRYING TO PLAN AS BEST WE CAN WITH THE, THE SITUATION, UM, THAT WE'RE IN AND THE ACQUISITION RECALL PROGRAM, UM, IS IS NOT FOR WESTLAND OR, OR THOSE FOLKS.
UM, NOT RECENTLY, BUT UM, SO IT IS A COMPETITIVE PROCESS.
I KNOWFOR PROCESS THAT HAPPENS TWICE A YEAR THAT WE'VE TALKED ABOUT.
MY ONLY COMMENT IS THAT I KNOW THAT WE STILL HAVE FUNDS LEFT OVER, UH, BUT I, YOU KNOW, I'VE HEARD A LOT THAT THE ROOF PROGRAM HAS BEEN VERY SUCCESSFUL AND LIKE VERY UH, POPULAR.
SO IF WE CAN KEEP FINDING THAT.
BOARD MEMBERS AND OTHER COMMENTS.
RECOMMENDATION TO AUTHORIZE THE PRESIDENT FOR DESIGNEE TO EXTEND THE CONTRACT WITH LEGAL WITH LONDON AND MAN FOR AN ADDITIONAL FOUR YEAR TERM AND AUTHORIZE THE PRESIDENT OR DESIGNEE TO ADD 800,000 TO THE EXISTING CONTRACT WITH THE LAW FIRM OF LEGAL MCLENDON AND MEN TO CONTINUE TO PROVIDE LEGAL SERVICES TO THE LONG BEACH COMMUNITY INVESTMENT COMPANY.
DO YOU MOTION TO CARRY THIS ITEM AND I'LL SECOND HUSBAND BEEN MOVED BY DIRECTOR CHAMBERS SINCE SECONDED BY MYSELF, DR. RAMIREZ.
STAFF OFFICER REPORT FOR PRESENTATION FOR THE ITEM, KATE
TODAY'S ITEM IS TO APPROVE AN APPROVAL TO EXTEND AN ADDITIONAL FUNDS TO CONTRACT WITH LEGAL MCCLENNAN AND MANN FROM LEGAL CONSULTING SERVICES ON MAY 20TH, ON MAY 20TH, 2020.
THE LOAN BETWEEN THE INVESTMENT COMPANY THAT COULD BE A FOUR YEAR CONTRACT WITH THE FIRM OF LEGAL MCCLENNAN AND MANN AND THE AMOUNT OF $400,000 PROVIDES SPECIALIZED LEGAL SERVICES TO L-B-C-I-C STAFF.
AND ON APRIL 19TH, 2023, THE L-B-C-I-C AUTHORIZED AN INCREASE OF 440,000 TO COVER LEGAL SERVICES THROUGH THE REMAINDER OF THE CONTRACT.
ON THIS SLIDE LIST OF OUR CURRENT AND UPCOMING PROJECTS THAT REQUIRE LEGAL PLANNING AND SERVICES.
IN ADDITION TO THESE, HE WOULD ALSO REQUIRE THE SERVICES FOR COMMUNITY HOUSING DEVELOPMENT ORGANIZATION PROJECTS, WHICH WOULD BE DETERMINED AS WELL AS FUTURE PROJECTS AWARDED BY, UH, L-B-C-I-C FUNDING IN RESPONSE TO 2024.
AND THIS IS A
THAT CONCLUDES THE PRESENTATION.
OKAY, WE WILL NOW, UH, PUBLIC COMMENT ON THIS ITEM IF ANYONE WOULD LIKE TO SPEAK, PLEASE.
HEARING NONE BOARD MEMBERS, IS THERE ANY DISCUSSION ON THIS ITEM? YEAH, I HAVE ONE QUESTION.
SO IT'S BEEN ALMOST EXACTLY A YEAR SINCE WE APPROPRIATED THE ADDITIONAL 440.
DOES ANYBODY HAVE AN UPDATE FOR, TO GET THEM THROUGH TO THE STATE? LIKE HOW, HOW IS THE SPENDING IS, IS THERE ANY REMAINING FUNDS FROM THAT FOUR 40 THAT WE APPROPRIATE A YEAR AGO? UH, THE CONTRACT CURRENTLY HAS $96,000 REMAINING.
UM, THAT DOES NOT COUNT FOR WHAT WE'VE ALREADY APPROVED FOR THIS YEAR, THIS YEAR, 2024.
THE REMAINING BALANCE AFTER WHAT WE'VE ESTIMATED FOR THE YEARS 90, AROUND 96 5.
THAT IS YOUR BEST PROJECTION THEN WITH THE ADDITIONAL 800
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OVER FOUR YEARS PLUS THE 96.THAT'S WHAT, BASED ON WHAT WE'VE SPENT OVER THE LAST FOUR YEARS AND WHAT WE CAN HOPE TO ESTIMATE FOR THE FUTURE FOUR YEARS, WE ARE GUESSING APPROXIMATELY 20 $200,000 PER YEAR.
YEAH, WE KIND, WE COMPARE AND LOOK, EVERY PROJECT IS HONESTLY ITS OWN LITTLE MIRACLE THAT IT COMES TO FRUITION AND ITS OWN MAYBE, BUT WE LOOK AT LIKE PROJECTS AND HOW MUCH WE SPENT ON LEGAL FEES AND THEN APPROPRIATE, YOU KNOW, MATCH 'EM UP AND WE COME UP WITH A FIGURE NOT FROM OUR, UM, BEST GUESS IT REALLY IS BASED ON, UH, THE PAST.
UM, AND LEGAL HASN'T RAISED THEIR FEES FOR QUITE SOME TIME, SO IT'S PRETTY PREDICTABLE.
ESSENTIALLY WE'RE, WE'RE DOWN FROM 840, BUT WE'RE ONLY ALLOCATING 800 FOR THE NEXT FOUR BECAUSE WE HAVE ABOUT 96,000 BECAUSE INITIALLY 400 AND THEN WE ALLOCATE FOUR 40 MORE.
UM, SO WE DO OUR BEST TO MANAGE IT.
WELL, WE CAN'T GUARANTEE YOU THAT WE WON'T COME BACK FOR FOUR YEARS TO ADD, UM, MONEY TO IT.
WE DO LOOK AT PAST PROJECTS, BUT I HAVE TO SAY BILLS HAVE ALSO GONE UP OVER THE LAST YEAR.
NOT BECAUSE THE RATE HAS GONE UP, BUT JUST THE COMPLEXITY OF EVERYTHING, UM, HAS INCREASED, UM, GREATLY.
SO THE MOUNTAIN PROJECT, WHICH IS, IS GOING INTO DEMOLITION, UH, THIS WEEK ACTUALLY, BUT THAT WAS ONE OF THE MORE COMPLICATED DEALS WE'VE EVER DONE.
AND THERE WAS AN ISSUE WITH THE EASEMENT AND A
UM, AND THEN, UM, YOU KNOW, THERE, THERE'S BEEN SOME UNFOR WORK ON THE PROJECT WE TALKED ABOUT EARLIER TODAY BECAUSE THE SHORT TERM LEASE HOLD AND THE CONTRACTOR LICENSE REQUIREMENT OF THOSE THINGS.
SO WE WANNA SPEND YOUR RESOURCES, THE PUBLIC RESOURCES CAREFULLY, BUT IT'S A LITIGIOUS WORLD AND UM, ARE THE COMPLEXITY AND THE AMOUNT OF LEGAL WORK THAT HAS TO BE DONE IS DEFINITELY GONE OUT.
I MEAN, 10 YEARS AGO WE WERE IN THAT.
DIRECTOR SIZE? YES, THANK YOU.
OKAY, MAY YOU PLEASE REPEAT NEXT ITEM.
AT THIS TIME, WE'LL NOW TAKE NON AGENDA FOR THE COMMENT AND IF ANYONE WOULD LIKE TO SPEAK, PLEASE.
HEARING NONE, ARE THERE ANY ANNOUNCEMENTS FROM THE BOARD? JUST CURIOUS, JUST TO, THE FEEDBACK FROM THE PAST JUST HAPPENED LAST MONTH.
UM, DIRECTOR CHAMBERS, THAT IS NOT AN ANNOUNCEMENT, THAT IS A QUESTION.
SO, UM, WE ARE UNABLE TO PROCEED WITH THAT AT THIS TIME.
WE'LL GET BACK TO YOU AT THE NEXT MEETING.
WE'RE GONNA DO A LONGER PRESIDENT REPORT AND WE'LL OVERVIEW.
THAT CONCLUDES TODAY'S MEETING.
THE NEXT MEETING OF THE LONG BEACH COMMUNITY INVESTMENT COMPANY IS ON WEDNESDAY, MAY 15TH AT 4:00 PM IF THERE IS NO OBJECTION, I CAN START THE MEETING.