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KATE, CAN YOU HEAR ME OKAY? SORRY ABOUT THAT.
SORRY, KATE, WE CAN'T HEAR YOU.
I WOULD LIKE TO CALL TO ORDER THE LONG BEACH COMMUNITY INVESTMENT COMPANY SPECIAL MEETING FOR WEDNESDAY, JUNE 5TH, 2024.
MADAM SECRETARY, PLEASE CALL THE ROLE.
UH, DIRECTOR MARJO AND I GET YOU TO VOLUNTEER TO LEAVE THE LAST NAME, SEE THE FLAG OF THE UNITED STATES OF AMERICA AND TO THE REPUBLIC FOR AGAINST MONEY, NATION OF GOD, INDIVIDUAL WITH LIBERTY AND JUSTICE FOR ALL.
THE FIRST ITEM IS RECOMMENDATION.
YOU RECEIVE AND FILE A PRESIDENTS REPORT.
MAY I GET A MOTION TO CARRY THIS ITEM MOTION? SECOND.
THIS HAS BEEN MOVED BY DIRECTOR RAM AMIR
MAY WE HAVE REQUEST, UH, PRETTY SIMPLE AND WE'RE GONNA KEEP YOU GUYS TO FIVE O'CLOCK BECAUSE WE KNOW WE PLAN A SPECIAL MEETING.
BUT JUST A REMINDER, YOU'LL GET PROBABLY 10 MORE EMAILS ABOUT IT.
BUT WE HAVE A GRAND OPENING NEXT WEDNESDAY AT 11 O'CLOCK FOR THE 26.2 PROJECT.
IT'S OUR FIRST ONE IN, IN EAST LONG BEACH.
SO WE'RE REALLY EXCITED ABOUT IT AND HOPE THAT MANY OF THESE ATTEND.
UM, WE WILL NOW TAKE PUBLIC COMMENT ON THIS ITEM.
IS THERE ANY PUBLIC COMMENT ON THIS ITEM? ANY MEMBERS OF THE BOARD? IS THERE ANY DISCUSSION ON THIS ITEM? WHO'S GONNA BE ABLE TO ATTEND 11 WEDNESDAY? MY SON IS GRADUATING THAT DAY, SO, SO OTHERWISE I, I ASSUME SPEAKER, I CAN SPEAKER, I CAN DOUBLE CHECK WITH, UH, RICK.
YEAH, SO I THINK THAT, UM, DIRECTOR ON THE PROGRAM, SO IF WE'RE NOT COMING, THAT'S PERFECTLY FINE, BUT WE JUST GOTTA FIX THAT.
UM, AND I'LL GET, I'LL LET YOU KNOW AS WELL.
WE GET THE, SOME ISSUES FROM THE SCHOOL FAR AS MINE.
I JUST WANNA MAKE SURE I INSTRUCTION.
UM, MADAM SECRETARY, PLEASE CALL FOR A VOTE.
CAN YOU PLEASE READ THE NEXT ITEM, MR. CHAIR? RECOMMENDATIONS TO APPROVE THE MINUTES FOR THE LONG BEACH COMMUNITY INVESTMENT COMPANY MEETING OF WEDNESDAY, MAY 15TH, 2024.
MAY I GET A MOTION FOR TO HEAR THIS ITEM? OKAY, IN THE NEXT, UH, SECOND MAY WE HAVE THE REPORT, IT IS THE MEETINGS THAT I HAVE PROVIDED TO YOU AND THE BOARD, UM, VIA EMAIL, AND YOU HAVE A COPY IN FRONT OF YOU.
CAN YOU NEED A COPY? THANK YOU.
IS THERE ANY PUBLIC COMMENT ON THIS ITEM? ANYONE WOULD LIKE TO SPEAK? PLEASE STAND IN THE MINUTES.
UM, MEMBERS OF THE BOARD, IS THERE ANY DISCUSSION ON THIS ITEM? NO, SIR.
MADAM SECRETARY, PLEASE CALL FOR THE VOTE.
OKAY, MADAM SECRETARY, CAN YOU PLEASE RECONNECT? ITEM THANK YOU VICE CHAIR RECOMMENDATION TO CONDUCT THE SECOND PUBLIC HEARING OF THE FISCAL YEAR 2020 BOARD
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TO 2025.PLAN, A SECOND PUBLIC COMMENT AND RECOMMEND CITY COUNCIL APPROVAL CITYWIDE.
MAY I GET A MOTION TO HEAR THE SIGN? SO, OKAY.
I HEAR OPERATIONS OFFICER ELIZABETH WEATHER WILL BE GIVING REPORT.
THIS IS THE SECOND AND FINAL PUBLIC HEARING FOR THE FY 24 25 ACTION PLAN.
THIS WILL BE THE THIRD ACTION PLAN UNDER THE CURRENT CONSOLIDATED PLAN.
IN THE PRESENTATION TODAY, I'LL BRIEFLY COVER THE CONSOLIDATED PLAN, THEN DETAIL OUR CONGRESSIONAL APPROPRIATION ALONG WITH OUR PROPOSED ACTIVITY BUDGET, FOLLOWED BY AN OVERVIEW OF CHANGES FROM THE CURRENT TO THE NEXT ACTION PLAN PROPOSED.
AND LASTLY, I'LL SHARE THE OUTREACH PROCESS WE UNDERWENT FOR THE DEVELOPMENT OF THIS ACTION PLAN.
THE ACTION PLAN IS A SINGLE YEAR SPENDING PLAN FOR CDBG HOME AND ESG PROGRAMS. CDBG PROGRAMS ENCOURAGES ACTIVITIES THAT FACILITATE SUITABLE LIVING ENVIRONMENTS FOR LOW INCOME PERSONS.
THE HOME PROGRAM SPECIFICALLY FOCUSES ON CREATING AFFORDABLE HOUSING AND THE ESG PROGRAM FUNDS KIRSTEN'S EXPERIENCING HOMELESSNESS.
ALTHOUGH THE CITY OF LONG BEACH IS AN ENTITLEMENT JURISDICTION, THE CONSOLIDATED PLAN IS CONSIDERED THE OFFICIAL APPLICATION FOR THESE FUNDS.
THAT PLAN WAS APPROVED BY THE CITY COUNCIL ON JULY 19TH, 2022.
THE CONSOLIDATED PLAN INCLUDES AN ASSESSMENT OF HOUSING AND COMMUNITY DEVELOPMENT NEEDS MARKET ANALYSIS, AS WELL AS STRATEGIES TO ADDRESS THOSE NEEDS.
AS YOU KNOW, THE CONSOLIDATED PLAN IDENTIFIES NEEDS AND ESTABLISHES OUR GOALS AND PRIORITIES OVER FIVE YEARS.
THE ANNUAL ACTION PLAN INCLUDES THE SPECIFIC FUNDED PROJECTS AND ACTIVITIES TO ADDRESS THOSE PRIORITY NEEDS FOR THE NEXT YEAR.
ANOTHER WAY TO THINK OF THE ACTION PLAN IS THAT IT'S ESSENTIALLY THE CITY'S ANNUAL PLAN AND APPLICATION FOR A SET DOLLAR AMOUNT OF HUD FUNDS ALLOCATED BY CONGRESS.
THIS ACTION PLANS ARE THIRD ACTION PLAN.
THE CONGRESSIONAL ALLOCATION FOR FY 24 THROUGH 25 HAS A COMBINED OVERALL DECREASE OF 8% WHEN COMPARED TO LAST YEAR'S.
THE CDDG ALLOCATION HAS DECREASED BY 2.8%.
HOME HAND HOME HAS DECREASED BY 17.5%, WHICH IS THE LARGEST REDUCTION OF THE THREE.
SO IN DOLLAR AMOUNT, CDBG HAS DECREASED BY 144,000, HOME BY 543,000 AND ESG BY 19,000 ESTIMATED, I MEAN APPROXIMATELY THE TOTAL AVAILABLE FUNDS FOR NEXT YEAR IS OVER $9.6 MILLION.
WHEN WE COMBINE THE ENTITLEMENT FUNDING FOR THE THREE GRANTS AND OUR ANTICIPATED PROGRAM INCOME FOR THE NEXT YEAR.
THE NEXT THREE SLIDES PROVIDE MORE DETAIL ON THE PROPOSED ACTIVITIES AND THEIR BUDGETS.
THEY'RE ORGANIZED BY THE CONSOLIDATED PLAN GOAL THAT THEY'RE RESPONDING TO.
GOAL ONE IS TO CREATE AND PRESERVE AFFORDABLE HOUSING.
THE ACTION PLAN PROPOSES JUST OVER 3.8 MILLION IN HOME FUNDS AND A LITTLE UNDER 1.5 MILLION IN NEW CDBG FUNDING FOR THIS PURPOSE.
THIS GOAL RECEIVES THE LARGEST AMOUNT OF FUNDING AS HOUSING WAS IDENTIFIED AS THE MOST BRIDGET PRIORITY DURING THE CONSOLIDATED PLAN OUTREACH PROCESS.
IT'S ALSO A PRIORITIZED CITYWIDE STRATEGIC PLAN GOAL, AND IT WAS ALSO RATED AS THE MOST IMPORTANT ACTIVITY DURING THE COMMUNITY OUTREACH FOR THE ACTION PLAN.
UNDER TWO SUPPORT ACTIVITIES TO END HOMELESSNESS.
THE TOTAL ESG FUNDING AMOUNT IS $423,030 AND IT'S BEING PROPOSED AND FOUR ACTIVITIES ARE BEING LISTED HERE AS PROPOSED.
THESE WERE DETERMINED BY OUR HEALTH DEPARTMENT THERE, AS THEY ARE.
THAT DEPARTMENT IS THE ONE THAT ADMINISTERS THE ESG GRANT.
AS WE'VE STATED IN THE PAST, THE HEALTH DEPARTMENT RECEIVES OTHER FUNDING SOURCES FOR HOMELESS SERVICES AND THEIR ALLOCATION VARIES YEAR BY YEAR FOR CONSOLIDATED PLAN.
GOAL THREE, ELIMINATE BLIGHT, ELIMINATE BLIGHT AND STRENGTHENING NEIGHBORHOODS.
IT SUPPORTS A VARIETY OF COMMUNITY IMPROVEMENT ACTIVITIES AND PUBLIC SERVICE PROGRAMS SUCH AS AFTER SCHOOL AND WEEKEND RECREATION, GRAFFITI REMOVALS, SIDEWALK IMPROVEMENT, ALL OF WHICH ARE SUPPORTED BY CDBG FOR A TOTAL OF 2,000,409 $99,000.
ACTIVITIES THAT ARE CONSIDERED PUBLIC SERVICE ARE MARKED HERE.
THE TOTAL CDBG FUNDING FOR PUBLIC SERVICE TYPE OF ACTIVITIES CANNOT EXCEED 15% OF THE ANNUAL BUDGET.
UNDERGO FOUR, EXPAND ECONOMIC OPPORTUNITIES, 110,000 IS BEING ALLOCATED.
AND LASTLY, UNDER GOAL FIVE, PROMOTE FAIR HOUSING CHOICE, 100,000 IS BEING ALLOCATED.
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THIS SLIDE SLIDE HIGHLIGHTS THE SUBSTANTIAL CHANGES BETWEEN THE FY 2003 TO 2004 AND THE FISCAL YEAR 2004 TO 2025 ACTION PLANS.DURING THE LAST PROGRAM YEAR, THE BUDGET FOR HOUSING ACQUISITION LOAN PROGRAM WAS INCREASED BY 300,000 TO MEET CONSOLIDATED PLAN HOUSING ELEMENT AND CITYWIDE GOALS, INCLUDING THE STATE OF EMERGENCY AND HOMELESSNESS.
UNFORTUNATELY, DUE TO THE 2.8 DECREASE, 2.8% DECREASE DISCUSSED EARLIER FOR CDBG.
THE PROPOSED BUDGET FOR THIS ACTIVITY IS BEING DECREASED AT $64,906.
FUNDING TO SUPPORT PUBLIC SERVICES HAS ALSO BEEN IMPACTED AS A RESULT OF THE DECREASE.
AND THERE'S A PROPOSED REDUCTION OF 9,000 TO THE NEIGHBORHOOD RESOURCE CENTER.
THE URBAN FOREST RETREAT PLANNING PROGRAM IS NOT ANTICIPATED TO RECEIVE FUNDING.
AS THIS PROGRAM'S NOW BEING IMPLEMENTED BY THE OFFICE OF SUSTAINABILITY WITH OTHER FUNDING SOURCES IN THE CITY MANAGER'S OFFICE.
ADMINISTRATION BUDGET FOR CDBG HAS ALSO DECREASED BY $10,472.
THESE ARE THE CHANGES TO THE HOME PROGRAM FOR THE ACTION PLAN.
THE CHANGES ARE, ARE IS AS A RESULT OF THE SUBSTANTIAL 17.5% DECREASE IN HOME.
THE MULTI-FAMILY RESIDENTIAL REHAB AND THE NEW CONSTRUCTION ACQUISITION SLASH ACQUISITION SLASH REHAB LOAN PROGRAMS HAVE PROPOSED REDUCTIONS OF $79,344 AND $409,891 RESPECTIVELY.
THE ADMINISTRATION BUDGET IS ALSO BEING DECREASED BY 54,000 FOR HUNDRED $58.
THERE ARE ALSO CHANGES TO THE ESG PROGRAM BUDGET THIS YEAR.
AS A REMINDER OF THE HEALTH DEPARTMENT ANALYZES THESE FUNDS.
THEY ARE PROPOSING, UH, HOMELESS PREVENTION AND THE HOMELESS MANAGEMENT INFORMATION SYSTEM AS NEW PROGRAMS FOR THIS NEW YEAR.
AND THE HEALTH DEPARTMENT IS ALSO PROPOSING A DECREASE FOR EMERGENCY SHELTER PROGRAM OF $109,209 AND A RAPID REHOUSING INCREASE OF $103,808.
RENT AROUND ADMINISTRATION IS BEING DECREASED BY 1,475.
AS WE MENTIONED IN OUR JANUARY CAPER PRESENTATION TO THE L-B-C-I-C IN OUR FIRST PUBLIC HEARING.
UM, WE INTENDED ON FINDING NEW AND BETTER WAYS TO INCORPORATE COMMUNITY INPUT AND EMPLOYED SEVERAL NEW AND EXPANDED OUTREACH METHODS THIS YEAR.
DURING MARCH AND APRIL, WE ATTENDED MANY DIFFERENT COMMUNITY EVENTS SHOWN HERE ON THE LEFT TO PROMOTE THE ACTION PLAN, PROCESS, THE SURVEY, AND TO ENCOURAGE RESIDENTS TO ATTEND UPCOMING ACTION PLAN MEETINGS AND PROVIDE, UM, OPPORTUNITY FOR INPUT.
THE COMMUNITY DEVELOPMENT DEPARTMENT ALSO PARTICIPATED IN THE NATIONAL COMMUNITY DEVELOPMENT WEEK THIS YEAR.
FROM APRIL 1ST THROUGH APRIL 6TH, WE HOSTED SEVERAL COMMUNITY WORKSHOPS, INCLUDING TWO ACTION PLAN COMMUNITY MEETINGS, AND THE DISTRIBUTION OF THE ACTION PLAN SURVEY.
IN RACIALLY AND ETHICALLY CONCENTRATED AREAS OF POVERTY, CITY COUNCIL MADE A PROCLAMATION DECLARING THE FIRST WEEK OF APRIL COMMITTEE DEVELOPMENT WEEK WITH A SPECIAL PRESENTATION TO LA HU DIRECTOR RUFUS WASHINGTON.
WE ALSO PROMOTED CD, WE INCLUDING SPOTLIGHTS ON SEVERAL CDBG FUNDED PROGRAMS VIA DAILY SOCIAL MEDIA POSTS, ALL WORKSHOPS, WHETHER IN PERSON OR VIRTUAL OFFERED INTERPRETATION.
WE ALSO, OH, WE HAD OVER 85 PEOPLE ATTEND MEETINGS AND CD STAFF DISTRIBUTED OVER 560 MULTILINGUAL FLYERS DOOR TO DOOR IN OUR ECAP AREAS.
WE ALSO CREATED A THREE QUESTION SURVEY TO ASSESS ACTION PLAN ACTIVITY, PRIORITIES, AND CONSOLIDATED PLAN GOALS THAT COMMUNITY FELT WERE MOST IMPORTANT TO ADDRESS.
THE SURVEY WAS LIVE FROM MARCH 8TH THROUGH APRIL 8TH, AND WAS MADE AVAILABLE IN ENGLISH SPANISH COMMAND TO GING AND COULD BE COMPLETED VIA HARD COPY OR ONLINE.
A TOTAL OF 163 PEOPLE COMPLETED THE SURVEY.
AND ACCORDING TO SURVEY RESULTS, THE MOST CRITICAL CONSOLIDATED PLAN GOAL IS STILL GOAL ONE, ASSIST IN THE CREATION AND PRESERVATION OF AFFORDABLE HOUSING FOR LOW INCOME AND SPECIAL NEEDS HOUSEHOLDS.
AND THE TWO ACTIVITIES RATED AS AS MOST IMPORTANT WERE ACQUISITION IN CONSTRUCTION, REHABILITATION, AND RAPID REHOUSING.
SOCIAL MEDIA AND MARKETING WAS ALSO ENHANCED.
WE REVITALIZED OUR HUD GRANTS WEBPAGE TO PROMOTE OUR UPCOMING EVENTS, UM, THROUGH THE WEBSITE AND ALSO ON SOCIAL MEDIA.
A PRESS RELEASE WAS ISSUED TO PROMOTE COMMUNITY DEVELOPMENT WEEK, THE ACTION PLAN, INPUT PROCESS AS WELL AS NRC, UM, THE NRC, THE NEIGHBORHOOD RESOURCE CENTER AND STAKEHOLDER E-BLAST AND DIGITAL AND HARD COPY MULTILINGUAL FLYERS.
WE ALSO CONDUCTED TWO PUBLIC HEARINGS THE FIRST ON MARCH 20TH AND THE SECOND IS HAPPENING HERE TODAY.
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DAY, 30 DAY PUBLIC NOTICES FOR BOTH PUBLIC HEARINGS IN MULTIPLE LANGUAGES.WE PUBLISHED OUR, UM, NOTICES ON OUR CITY WEBSITE AND THEN THE LONG BEACH PRESS TELEGRAM AND ION.
UM, WE DO BELIEVE THESE EFFORTS HAVE MADE A DIFFERENCE IN OUR ABILITY TO GATHER PUBLIC INPUT FOR THIS ACTION PLAN.
AND WE LOOK FORWARD TO CONTINUOUSLY IMPROVING EACH YEAR WITH OUR OUTREACH PROCESS.
AND WITH THAT, OUR RECOMMENDATION TODAY IS TO CONDUCT THE SECOND PUBLIC HEARING ON THE FISCAL YEAR 24 THROUGH 25 ACTION PLAN, EXCEPT PUBLIC COMMENT.
I RECOMMEND CITY COUNCIL APPROVAL.
THAT CONCLUDES THE PRESENTATION AND OUR TEAM IS HAPPY TO ANSWER QUESTIONS YOU MAY HAVE.
NOW I'LL OPEN TO OTHER COMMENT ON THIS.
IF ANYONE WOULD LIKE TO SPEAK, PLEASE STAND.
MEMBERS OF THE BOARD, IS THERE ANY DISCUSSION ON THE SENATE? ARE THERE ANY MEMBERS OF THE PUBLIC THAT ARE LISTENING TO US ONLINE? VIRTUALLY? NO, JUST ATTORNEY.
I JUST WANNA MAKE SURE WE CALLED ON THEM IF THEY WERE THERE.
UM, I HAVE THE OPPORTUNITY TO PARTICIPATE OVER THE WEEKEND LEADERSHIP PROGRAM.
THANK YOU SO MUCH FOR THE INVITATION.
IT SO GREAT TO THROW OUT PUBLIC, BUT ALSO INVITE THE COMMUNITY TO BE PART OF THE C PROCESS.
AND I CAN TELL YOU I HAVE ABOUT 10 OR 12 TEXT MESSAGES OF HOW DO WE GET
AND THAT'S PART THE LEADERSHIP PROGRAM THAT IS FUNDED THROUGH THE CI THINK IT WOULD BE.
UM, UH, I, I HEARD FROM MY NEIGHBORS, UM, THERE'S A FEW MEMBERS OF THE EXECUTIVE COMMITTEE, UH, THAT HAVE ATTENDED AND THEY ALSO, UM, LEARN A LOT ABOUT CITY SERVICES.
SO IF YOU HAVEN'T PARTICIPATED, I, YOU KNOW, ENCOURAGE YOU TO DO SO.
UM, UM, SO WITH THAT, UM, I SECRETARY, CAN YOU PLEASE, UH, CALL FOR THE VOTE VICE CHAIR DELGADO? YES.
THE SECRETARY, CAN YOU PLEASE READ THE NEXT ITEM? THANK YOU.
VICE CHAIR RECOMMENDATION TO APPROVE AN INCREASE IN THE AMOUNT OF UP TO 42,000 TO THE ACCESS AND DEMOLITION CONTRACT WITH LINK HOUSING CORPORATION FOR ADDITIONAL COSTS ASSOCIATED WITH THE DEMOLITION OF 4 1 5 1 EAST FOUNTAIN STREET AND AUTHORIZE THE PRESIDENT OR DESIGNEE TO EXECUTE ANY AND ALL DOCUMENTS NECESSARY TO IMPLEMENT THE AGREEMENT.
UM, MAY I GET A MOTION TO MOTION? OKAY.
UM, MOVED AND SECONDED BY DIRECTOR CHAMBERS.
SO BEFORE WE END IT OFF, MICHELLE, I JUST WANNA SAY, UM, THE SUBSEQUENT TO DRAFTING, UM, THE, THIS REPORT, BUT BEFORE TODAY, UM, THIS PROJECT DID, UH, GO INTO LITIGATION.
SO UNFORTUNATELY THERE WILL BE COSTS ASSOCIATED WITH THAT, BUT PHYSICAL COST OF ASIDE AND LEGAL COSTS.
SO, UH, WE'LL BE BACK AT LEAST ONE MORE TIME AFTER THIS FOR AN ADDITIONAL, UH, COST ASSOCIATED WITH THIS PROJECT.
BUT
AND WE STILL, UM, VERY MUCH WOULD APPRECIATE YOUR APPROVAL, UM, AT THIS TIME.
BUT IN FULL DISCLOSURE, I DO JUST WANNA TELL YOU THAT THERE WILL BE ANOTHER ASK.
THIS ITEM IS A REQUEST TO AUTHORIZE AN INCREASE TO LINK HOUSING CORPORATION FOR ADDITIONAL COSTS ASSOCIATED WITH THE DEMOLITION OF 41 51 EAST F STREET.
SOME BACKGROUND INFORMATION TO REFRESH YOUR MEMORIES.
PREVIOUS LONG BEACH COMMUNITY INVESTMENT COMPANY ACTIONS ON NOVEMBER 15TH, 2023.
THE L-V-C-I-C AUTHORIZED THE EXECUTION OF A DISPOSITION AND DEVELOPMENT AGREEMENT AND LOAN AGREEMENT WITH LINK HOUSING CORPORATION FOR DEVELOPMENT OF 41 51 EAST TON STREET AND 42
THE L-V-C-I-C AUTHORIZED THE EXECUTION OF AN ACCESS AND THE DEMOLITION AGREEMENT FOR THE DEMOLITION OF 4 1 5 1 EAST.
UM, AND THE STEPS TAKEN IN PREPARATION FOR THE DEMOLITION WORK.
THE ACCESS AND DEMOLITION CONTRACT WAS EXECUTED ON FEBRUARY 28TH, 2024.
AND THE FOLLOWING TASKS WERE COMPLET DEMOLITION PROJECT WAS REGISTERED WITH THE CALIFORNIA DEPARTMENT OF INDUSTRIAL RELATIONS.
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OBTAINED.THE SOUTHERN CALIFORNIA AIR QUALITY MANAGEMENT DISTRICT WAS NOTIFIED ABOUT THE START OF ABATEMENT, WORK STAFFED FROM COMMUNITY DEVELOPMENT AND LINK
AND THE ABATEMENT WORK WAS SCHEDULED TO COMMENCE ON APRIL 3RD, 2024 EVENTS.
THE UP TO THE START OF DEMOLITION.
DURING THE WEEKS PRECEDING THE SCHEDULED START DATE, SEVERAL PEOPLE EXPERIENCING HOMELESSNESS THAT HAD BEEN UNLAWFULLY ENTERING AND RESIDING IN THE STRUCTURES, COMMUNICATED THEIR INTENTIONS TO NOT VACATE THE BUILDING.
PEOPLE RESIDING IN THE BUILDINGS MOVED ADDITIONAL PERSONAL BELONGINGS INSIDE THE BUILDING AND MADE VERBAL THREATS TO STAFF.
STAFF WAS NOTIFIED THAT PEOPLE INSIDE THE BUILDINGS WERE GOING TO FORTIFY THEIR LOCATIONS WITHIN THE STRUCTURES.
HIS ACTIONS RESULTED IN THE CITY CREATING AN INCIDENT ACTION PLAN FOR THE SAFETY OF PERSONNEL PEOPLE OUTSIDE THE BUILDINGS AND THE GENERAL PUBLIC.
ON APRIL 18TH, 2024, THE PROPERTY WAS CLEAR TO PEOPLE PERSONAL BELONGINGS AND TRASH WITH THE HELP OF MULTIPLE CITY DEPARTMENTS.
UH, THIS SLIDE JUST SHOWS YOU SOME PHOTOGRAPHS OF THE DEBRIS ON THE SIDE SO YOU CAN IDEA HOW MUCH STUFF WAS BROUGHT ON INSIDE, INCLUDING FURNITURE, UM, DEBRIS, THAT KIND OF THING.
ADDITIONAL SECURITY AND OTHER COSTS RESULTED FROM THE DELAY TO ENSURE THE SAFETY OF THE CREWS HIRED TO PERFORM.
THE ABATEMENT AND DEMOLITION WORK STAFF AND LINKED DETERMINE THAT 24 HOURS SECURITY GUARDS WERE NECESSARY DUE TO REPEATED THREATS BY SOME OF THE PEOPLE EXPERIENCING HOMELESSNESS THAT HAD BEEN REMOVED FROM THE PROPERTY.
ADDITIONAL UNBUDGETED COSTS WERE INCURRED TO REMOVE MULTIPLE TRUCKLOADS OF TRASH IN RESPONSE TO CONCERNS ABOUT DISRUPTING THE DROP OFF AND PICKUP OF CHILDREN ATTENDING BRYAN ELEMENTARY SCHOOL.
THE TRUCKS USED FOR HAULING AWAY DEBRIS WERE RESTRICTED TO ACCESSING THE PROPERTY ONLY BETWEEN 10:00 AM AND 2:00 PM WHICH THEN INCURRED ADDITIONAL COSTS.
UM, THE RECOMMENDATION IS TO APPROVE A $42,000 INCREASE TO ACCESS AND TION CONTRACT WITH LINK HOUSING CORPORATION FOR THE ADDITIONAL COST IS ASSOCIATED WITH DEMOTION, THE 41 51 EAST
YOU'RE HAPPY TO ANSWER ANY QUESTIONS? UH, THANK YOU.
UH, WE'LL NOW TAKE PUBLIC COMMENT.
UH, IF YOU, UH, LIKE TO SEND UP OR WE STILL DON'T HAVE ANYBODY ON THE PHONE.
WELL, I HAVE A QUESTION IF THAT'S OKAY.
IS THIS THE, UH, DEVELOPMENT THAT THEY, UH, RETAINED AN ATTORNEY TO OPPOSE? YEAH, AS I MENTIONED THIS PROJECT,
IS THERE ANY OTHER PUBLIC COMMENT OR QUESTIONS FROM THIS END? FROM THE PUBLIC? OKAY.
DO YOU HAVE ANY QUESTIONS? ANY FURTHER QUESTIONS ON THIS, UH, MATTER? I HAVE A PUBLIC COMMENT, BUT IT'S NOT IN REGARDS TO THIS, UH, DEVELOPMENT ABOUT ANOTHER DEVELOPMENT YOU GUYS ARE PLANNING.
I WAS TOLD I COULD COMMENT ABOUT THAT AT THE END OF THE MEETING.
ANY COMMENTS, QUESTIONS FROM THE ORDERS? THIS IS THE PROJECT THAT WE DONE AT
AND WHAT IS THE NATURE OF DOING THE LAWSUIT? SO, UM, WE DON'T DO LITIGATION DISCUSSIONS IN OPEN SESSION.
I CAN JUST TELL YOU THAT THERE IS A LAWSUIT AND, UM, WE CAN SCHEDULE A FUTURE TIME TO DISCUSS THAT IN A CLOSED MEETING.
BUT WE DON'T, WE DON'T DO THAT IN, UM, PUBLIC MEETINGS AND THERE'S JUST NOT THE ATTORNEY ON THAT PARTICULAR LAWSUIT.
SO THE ONLY CIC HAS BEEN NAMED AS DEFENDANT OR IT IS, IT'S THE
NO, I'M GONNA CUT YOU OFF RIGHT THERE.
IF THAT'S RELATES TO STRATEGY TO THE WELL, WE COULD BE A REAL PARTY.
SO
I ASSUME WE DON'T NEED TO TALK ABOUT, BUT AS YOU CAN STILL ABOUT LAWSUIT I DIDN'T FILED.
UH, MEMBERS, UH, MADAM SECRETARY, IF YOU COULD PLEASE CALL FOR
DIRECTOR RAMIREZ WITH THE NATIONAL CLASSES.
THE NEXT ITEM IS RECOMMENDATION TO APPROVE A 500,000 INCREASE TO THE PERMANENT LOW AND MODERATE INCOME HOUSE HOUSING ASSET FUNDS LOAN TO ACCELERATE
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HOUSING GROUP FOR THE DEVELOPMENT OF THE 26.2 APARTMENT PROJECT.AUTHORIZE THE PRESIDENT TO NEGOTIATE A SECOND AMENDMENT TO THE AFFORDABLE HOUSING LOAN AGREEMENT WITH ACCELERATE AND AUTHORIZE THE PRESIDENT TO NEGOTIATE AND EXECUTE ANY AND ALL DOCUMENTS NECESSARY RELATED TO THE AMENDMENT.
MAY I GET A MOTION TO HEAR THE SILENCE? MOTION SECOND.
DIRECTOR RAMEZ MOVES DIRECTOR CHAMBER.
MEDINA WILL BE GIVEN THE REPORT.
THIS ITEM IS FOR THE APPROVAL OF A SECOND AMENDMENT TO THE LOAN AGREEMENT WITH A SALARY HOUSING GROUP FOR THE DEVELOPMENT OF 26 APARTMENTS.
THE L-V-C-I-C PREVIOUSLY APPROVED A LOAN OF UP TO 4 MILLION FOR THE LOW AND MODERATE INDIAN HOUSING FUND TO ACCELERATE HOUSING GROUP FOR THE DEVELOPMENT OF 26.2 APARTMENTS.
ACCORDING TO THE TERMS OF THE APPROVED LOAN, THE L-V-C-I-C DISPERSED 3 MILLION AT FAR CONSTRUCTION AND RETAINED 1 MILLION AS CONTINGENCY LOAN TO BE DISPERSED IF NECESSARY DURING CONSTRUCTION ON MAY 17TH, 2023.
THE OBVIOUS CIC APPROVED A LOAN AMENDMENT TO INCREASE THE LOAN BY 500,000.
THIS DECISION WAS PROMPTED BY SIGNIFICANT CONSTRUCTION COSTS, INCREASES AND FORESEEN REMEDIATION REQUIREMENTS AND ADDRESSING INCREASE IN RATES.
CURRENT INSURANCE PREMIUMS AND CONSTRUCTION LOAN INTEREST DUE DUE TO CONVERSION DELAYS HAVE CREATED A SIGNIFICANT OPERATING DEFICIT, HIGH COST OF INSURANCE PREMIUM TO EXCEED THE PROJECT BUDGET BY 160,000 ANNUALLY, RESULTING IN ACCELERATING HAVING TO CAPITALIZE AN OPERATING DEFICIT RESERVE OF 2.4 MILLION TO ENSURE FINANCIAL FEASIBILITY OF THE PROJECT, THE PROJECT HAS INCURRED ADDITIONAL CONSTRUCTION LOAN INTEREST COSTS OF APPROXIMATELY 550,000 DUE TO FINANCING CONVERSION DELAYS.
SUMMARY HAS REQUESTED ADDITIONAL FINANCING ASSISTANCE FROM BOTH THE L-V-C-I-C AND THE LONG V, I'M SORRY, AND THE LOS ANGELES COUNTY DEVELOPMENT AUTHORITY, WHICH IS KNOWN AS ALI CDA, SO THAT THE PROJECT HAVE CONVERTED TO PERMANENT FINANCING AND REPAY THE INTEREST OCCURRING DURING THIS CONSTRUCTION LOAN.
CLOSING ALI CDA HAS AGREED TO PROVIDE THE 2.4 MILLION IN OPERATING DEFICIT RESERVE.
IF THE LCIC FOR GOES OF 500,000 REPAYMENT EXPECTED AT CONVERSION, THEREBY INCREASING ITS TOTAL PERMANENT LOAN AMOUNT TO FOUR
ALTHOUGH STAFF GENERALLY DOES NOT SUPPORT LOAN INCREASES AFTER CONSTRUCTION, THESE CIRCUMSTANCES SURROUNDING THIS PARTICULAR PROJECT ARE EXTRAORDINARY AND BEYOND THE CONTROL OF THE DEVELOPER.
THEREFORE, THE RECOMMENDATION TODAY IS TO IMPROVE A 500,000 INCREASE TO THE PERMANENT LOAN, MODERATE AND INCOME HOUSING ASSET FUND LOAN TO ACCELERATE FOR THE DEVELOPMENT OF THE 26.2 PROJECT, TO AUTHORIZE THE PRESIDENT TO NEGOTIATE A SECOND AMENDMENT TO THE LOAN, TO THE AFFORDABLE HOUSING LOAN AGREEMENT WITH ACCELERATE AND TO AUTHORIZE THE PRESIDENT TO NEGOTIATE AND EXECUTE ANY AND ALL DOCUMENTS NECESSARY TO THIS AMENDMENT.
I CAN ANSWER ANY QUESTIONS YOU MAY HAVE.
WE'LL NOW OPEN IT FOR PUBLIC COMMENT ON THIS ITEM.
UH, PLEASE STAND ON THE PHONE STILL.
NO, WE, WE DON'T HAVE ANYONE ON THE PHONE.
IT'S JUST OUR INTERNAL, UM, MEMBERS OF THE BOARD.
UH, THERE SAME DISCUSSION ON THE ITEM.
UM, I WAS JUST WONDERING WHERE DONE.
IT'S THE ONE, THE ONE THAT HAD ANY GRAND.
NOW WE'RE JUST GOING THROUGH A PROCESS THAT'S PROBABLY TO YOU, BUT THE CONVERSION FINANCING WHERE WE FIND OUT WHERE ALL THE COST OVERRUN ARE AND THINGS, AND THEN EVERYONE HAS TO BASICALLY NEGOTIATE A WHOLE NEW DEAL.
UM, WE DO ASSUME YOU'RE GOING TO HEAR ABOUT THE SAME SORT OF INTEREST ISSUE WITH ANOTHER PROJECT THAT WE'LL BE BRINGING TO IN AUGUST.
UM, BIG ISSUE RIGHT NOW, WE ASSUME THAT IT'S GOING TO GET RESOLVED SOMEHOW.
UM, AND SYL, WE ARE VERY, UM, ADAMANT THAT THE MONEY, SO IT HAS TO BE IN A RESERVE, BUT WHEN THINGS GET BETTER, WHICH THEY HAVE TO, UM, THAT THE MONEY WILL TRICKLE DOWN THROUGH OUR RESIDUAL RECEIPT PAYMENT BOTH TO, UH,
THIS IS THE ONE THAT'S ON PC? YES.
[00:30:01]
UM, WITH THE SHORTFALL, WE ANTICIPATE, HOW DO WE COME AFTER? IS THIS IS IT? THIS IS OUR SECOND TIME GOING BACK TO YOU FOR THIS PROJECT.UM, WE WILL BE COMPLETING THE CONVERSION THE END OF THIS SUMMER.
UM, AND SO THESE ARE THE FINAL NUMBERS COMING TOGETHER.
SO THIS IS IT, BUT THIS IS NOT THE LAST PROJECT WE'LL BE COMING BACK ON BECAUSE OF, UH, INSURANCE, UH,
SO THERE'S AT LEAST ONE OTHER PROJECT.
AND WHAT'S HAPPENED HERE THAT'S PARTICULARLY ACUTE IS IT'S NOT JUST THAT THE INSURANCE COSTS MORE, BUT THAT IT WAS SO DIFFICULT TO OBTAIN INSURANCE THAT IT ACTUALLY, UM, DELAYED THE CLOSING ON THE PROJECT, WHICH MEANT THEY WERE PAYING ON THE CONSTRUCTION LOAN LONGER.
UM, THERE WERE DELAYS RELATED TO OCCUPANCY.
UM, SO ALL OF THAT COST, WE GONNA TAKE LESSONS LEARNED FROM THIS.
WELL, THE INSURANCE MARKET IN THE STATE IS COMPLETELY BROKEN.
UH, AND I GUESS IN MY OPINION, STAFF'S OPINION, BUT THE LEGISLATURE HAS TO PICK THAT WE HAVE NO LEVERS OF, OF CONTROL AS A CITY IN TERMS OF THE INSURANCE MARKET.
BUT IT'S NOT JUST THE PREMIUM COST, IT'S THE AVAILABILITY OF THE INSURANCE.
ALSO, UM, IN OUR, IN OUR OTHER SHOP, I THINK WE HAVE MARKET RATE PROJECTS THAT ARE NOW NOT PROCEEDING, NOT BREAKING GROUND WITH CONSTRUCTION BECAUSE OF THIS ISSUE.
SO IT'S, IT'S A, UH, UH, INDUSTRYWIDE STATEWIDE ISSUE.
ANY OTHER QUESTIONS? UM, SECRETARY COLE
I THINK THAT WAS THE LAST AGENDA, DIANE, NOW WE'RE GONNA OPEN AT THIS TIME WE WOULD LIKE TO TAKE NONE AGENDA, PUBLIC COMMENT.
IF ANYONE WOULD LIKE TO SPEAK, PLEASE STAND.
I'M HERE TO REPRESENT ABOUT 200 PEOPLE THAT LIVE IN THE CAL HEIGHTS NEIGHBORHOOD.
I SPOKE AT A CITY COUNCIL MEETING RECENTLY.
UH, IN THAT THEY, UH, MR. KUNZ, UH, PROPOSED, UH, MAY AS A PRESERVATION MARK.
AND I WAS REALLY APPALLED THAT HE'S A BIG PROPONENT OF PRESERVATION, YET HE WANTS TO PUT A FIVE STORY STRUCTURE IN OUR HISTORIC NEIGHBORHOOD.
I ASKED HIM AT THAT MEETING AND I ASKED THE COUNCIL MEMBERS IF THEY HAD READ AND CONSIDERED THE ORDINANCE C 77 0 2, WHICH DETAILS THE GUIDELINES FOR OUR ANY KIND OF IMPROVEMENTS AS WELL AS NEW CONSTRUCTION IN THE CAL HEIGHTS NEIGHBORHOOD.
AND THAT WAS ESTABLISHED AUGUST 29TH, 2000.
AND, UM, I DON'T KNOW IF YOU'VE READ IT, BUT I'D BE MORE THAN HAPPY TO READ IT TO YOU AS WELL BECAUSE I THINK IT'S PRETTY IMPORTANT.
I WON'T READ THE WHOLE THING, BUT IT SAYS, HERE WE GO.
IT SAYS, THE GUIDELINES PERTAIN TO BUILDINGS OF ALL OCCUPANCY AND CONSTRUCTION TYPES, SIZES AND MATERIALS, AND PERTAIN TO CONSTRUCTION ON THE EXTERIOR OF EXISTING BUILDINGS AS WELL AS TO NEW ATTACHED OR ADJACENT CONSTRUCTION.
THE FIVE STORY BUILDING THAT YOU DECIDED TO PUR PURCHASE FOR THIS IS ADJACENT TO THE HISTORIC NEIGHBORHOOD, WHICH THIS ORDINANCE THAT WAS ESTABLISHED IN 2000 STRICTLY PROHIBITS YET AT THE EXPO MEETING WHERE 300 HOMEOWNERS WERE THERE, WE SAW A MOCKUP OF A FIVE STORY BUILDING, WHICH TO ME MEANS THAT NOBODY BOTHERED TO READ THE ORDINANCE OF OUR HISTORIC NEIGHBORHOOD AS HOMEOWNERS WE'RE NOT ALLOWED TO DO CERTAIN THINGS IN THAT NEIGHBORHOOD.
AND YET A FIVE STORY GIANT BOX THAT RESEMBLES NOTHING LIKE WHAT'S IN THE NEIGHBORHOOD AND IS STRICTLY PROHIBITED BY THE ORDINANCE IS PROPOSED.
MUPS ARE DONE, ALL THIS STUFF IS DONE.
WE HAVE THIS MANY UNITS, THIS MANY PARKING, WHICH IS, WAS NOT EVEN RELATES
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TO THE AMOUNT OF UNITS.AND I JUST DON'T UNDERSTAND HOW WE AS HOMEOWNERS HAVE TO ABIDE BY THESE ORDINANCES WITH OUR HOMES, BUT YET THE CITY CAN JUST BYPASS THEM AND ERECT WHATEVER THEY WANT.
IT IS, IT IS MIND BOGGLING TO ALL OF US.
THERE'S A PETITION THAT WAS CIRCULATED ONLINE AND THROUGH THE NEIGHBORHOOD AND WE HAVE NOW OVER 250 SIGNATURES AGAINST THIS.
AND WE FEEL THAT IF THIS, IF YOUR DEVELOPMENT DEPARTMENT WANTS TO PROPOSE LOW INCOME HOUSING IN OUR NEIGHBORHOOD, IT SHOULD FIT WITHIN THE CONFINES OF THE ORDINANCE, WHICH IS A TWO TO THREE MAXIMUM STORY STRUCTURE.
I MEAN, THE PARKING ITSELF WOULD CREATE A NIGHTMARE IN THIS HISTORIC NEIGHBORHOOD.
I MEAN, IT IS JUST THE FACT THAT ON ONE HAND YOU'RE PROMOTING PRESERVATION.
ON THE OTHER HAND, LET'S FLAT THE FIVE STORY BUILDING IN THE CITY'S LARGEST HISTORIC NEIGHBORHOOD.
IT DOESN'T SEEM TO MAKE SENSE AND IT DOESN'T SIT WELL WITH THE COMMUNITY.
THAT'S, UH, CAN I JUST ADD ONE THING, ONE QUICK THING.
MS. KERR ASKED FOR INPUT FROM THE COMMUNITY AND SHE SAID IT WAS GOING TO BE RELATED THROUGH YOUR DEPARTMENT TO THE DEVELOPERS FOR ANY CHANGES.
AND WE'VE BEEN CALLING TO FIND OUT, AND AS OF TODAY I SPOKE TO COUNCIL DISTRICT FIVE AND THEY HAVE NO IDEA IF ANY CHANGES OR ANY UPCOMING MEETINGS OR ANYTHING THAT COMMUNITY ASKED FOR HAS BEEN TRANSMITTED TO THESE GENDER DEVELOPERS.
SO I'M HERE BECAUSE 200 PEOPLE ARE DEPENDING ON ME TO ANSWER SOME QUESTIONS FOR THEM.
THEY'RE VERY CONCERNED ABOUT WHAT'S GONNA BE BUILT IN OUR NEIGHBORHOOD THAT GOES AGAINST THE RULES, THE ORDINANCE.
THANK YOU SO MUCH FOR BEING HERE.
UM, YEAH, WE'RE NOT REALLY SUPPOSED TO DISCUSS ALL AGENDA ITEMS OTHER THAN JUST THEY HAVE PROJECTS AND REDESIGN AND REDESIGN TAKES MANY MONTHS AND IT DOESN'T OVERNIGHT.
AND THAT'S DISCUSS THAT PROJECT.
WELL, WHEN WILL THE COMMUNITY GET TO SEE THE REDESIGN? SO I THINK I JUST ANSWERED THAT QUESTION, BUT YOU'RE GLAD TO FOLLOW UP.
YOU CAN FOLLOW UP WITH ME AT ANOTHER TIME.
UM, ARE THERE ANY ANNOUNCEMENTS FROM THE BOARD? OKAY.
IF THERE'S NO OBJECTION, I THINK OUR STAFF MEMBER MARGARET, OH, GO AHEAD.
I WANTED TO, UM, THANK FOR COMING TO OUR DAY OF DISCOVERY FOR OUR NEIGHBORHOOD LEADERSHIP PROGRAM LAST SATURDAY.
WE HAVE ABOUT 40 PARTICIPANTS IN OUR NEIGHBORHOOD LEADERSHIP PROGRAM AND THEY CAN, WE CONDUCTED A DAY OF DISCOVERY TOUR OF THE CITY, UM, WITH ABOUT A DOZEN OUT OF OUR NEIGHBORHOOD LEADERSHIP PROGRAM ALUMNI, UM, HELPING TO SHOW 'EM, UM, INSPIRING STORIES OF NEIGHBORHOOD LEADERS AND NEIGHBORHOOD GROUPS MAKING A DIFFERENCE IN LONG BEACH.
UM, WE ALSO, UM, ARE, UM, LONG BEACH DID THIS WEEK AT THE NEIGHBORHOODS USA NEIGHBORHOOD OF THE YEAR COMPETITION.
UM, WE HAVE FOUR NEIGHBORHOOD ASSOCIATIONS THAT, UM, PLACED IN OUR, IN THEIR NATIONAL NEIGHBORHOOD OF THE NEIGHBORHOOD NEWSLETTER OF THE YEAR COMPETITION, INCLUDING FIRST PLACE TO NAPLES IMPROVEMENT ASSOCIATION.
UM, WE HAD A NEIGHBORHOOD OF THE YEAR COMPETITION, UM, AWARDEES WITH, UH, FINALISTS FROM LONG BEACH.
SO THE NEIGHBORHOOD GROUPS THAT, UM, PLACED IN NEIGHBORHOOD BEST NEIGHBORHOOD NEWSLETTER, NAPLES IMPROVEMENT ASSOCIATION, AMIGOS HEIGHTS IMPROVEMENT ASSOCIATION, BELMONT HEIGHTS COMMUNITY ASSOCIATION, AND I'M BLANKING ON THE FOURTH ONE.
UM, AND THEN IN THE NEIGHBORHOOD OF, OH, ELRA PARK ESTATES NEIGHBORHOOD ASSOCIATION.
AND THEN IN THE NEIGHBORHOOD OF THE YEAR AWARD COMPETITION, UM, THE FINALISTS FROM LONG BEACH INCLUDED NAPLES IMPROVEMENT ASSOCIATION AND EL DORADO PARK ESTATES NEIGHBORHOOD ASSOCIATION.
AND THEN IN THE, THERE'S A CATEGORY CALLED BEST NEIGHBORHOOD PROGRAM AND EL DORADO PARK STATES WAS ALSO A FINALIST IN THAT CATEGORY AS WELL AS THE CITY PROSECUTOR'S OFFICE FOR PROGRAM, UM, CALLED HOMELESS COURT.
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WONDERFUL.SO THAT, AND THESE ARE AWARDS THAT ARE NATIONWIDE, NATIONAL WORLD.
UH, THERE'S A LOT OF COMPETITION AND WE ALWAYS SORT OF, UM, DOMINATE THAT SPACE.
SO I JUST WANT THINK WE SHOULD ALL FEEL GOOD ABOUT, UH, WHAT THIS BOARD FUNDS AND THEN MARGARET DOES A GREAT JOB WITH THAT MONEY AND RUNNING, UM, OUR NEIGHBORHOOD PROGRAM.
SO EVERYONE SHOULD, SHOULD FEEL VERY PROUD OF THAT.
I JUST WANNA ADD TO THAT, THAT WE'RE A HUGE LEADER IN OUR NEIGHBORHOOD LEADERSHIP AND MARGARET SHOWS ME HER PASSION EVERY SINGLE DAY IN THIS.
AND I KNOW THAT SHE TRULY BELIEVES THAT THE HEALTH OF A CITY IS DEPENDENT ON THE HEALTH IMMUNITY OF ITS NEIGHBORHOODS.
AND YOU GUYS SHOWING UP TO THE NEIGHBORHOOD LEADERSHIP EVENT HAS, IS NOT MISSED ON HERN.
IT MAKES HER HIGHER SEASON
THIS IS MY LAST, THIS IS MY LAST L-B-C-I-C MEETING.
I HAVEN'T REALLY GOTTEN AN OPPORTUNITY TO MEET OR LEAST TO KNOW ANY OF THE BOARD MEMBERS, BUT I DO WANNA TELL YOU GUYS THAT I'VE BEEN DOING IT FOR 15 YEARS.
YOU GUYS ARE REALLY THOUGHTFUL, COMMITTED, EFFICIENT, I THINK IT'S GREAT, EASY TO WORK WITH.
I'M GONNA MISS, I REALLY SUPPORT THE MISSION OF WHAT YOU ALL DO.
I AM STILL GONNA WORK WITH STAFF.
UM, I'M NOT RETIRING, DO SOME SPECIAL PROJECTS FOR THE CITY AND STUFF.
BUT I WANTED TO TAKE THE OPPORTUNITY TO INTRODUCE MY REPLACEMENT, WHO'S SITTING OVER THERE, SMIRKING IN THE CORNER,
HE WILL BE SITTING IN THIS CHAIR AT THE NEXT MEETING, IF THAT'S IN JULY OR AUGUST.
BUT ON A GO FORWARD BASIS, IT'LL BE STAFF IN THE MEETINGS.
ANY OTHER ANNOUNCEMENTS? OKAY, WELL THAT CONCLUDES TODAY MEETING.