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2. Discussion on Inclusionary Housing Fund Policy (Strategic Plan No. 5, 3b) - <br />(CDA) <br />Kelly Reenders, Executive Director of Community Development Agency, provided <br />presentation on Inclusionary Housing Funds Procedures. Housing Opportunity <br />Ordinance establishes separate fund administered by Executive Director to <br />implement purposes of the Inclusionary Housing Fund consistent with requirements <br />of the Housing Opportunity Ordinance and any adopted budget of the City. <br />Option One: Request for Proposal (RFP) from qualified firms for projects. <br />Option Two: Developer Initiated Request for In -Lieu Payment. <br />Vice -Chairperson Sarmiento: Recommends amendment to Option Two process: <br />Change the term to 30 days prior to council taking position on adoption of original <br />underlying project. That would be more true to the process, help it to be clear, and <br />would retain council intent. <br />Chairperson Martinez has been on vacation and did not have a chance to review <br />documents. Not comfortable moving forward on anything. Will review inclusionary <br />item in more detail and will email questions to Kelly Reenders and have <br />conversation with City Manager. Chairperson Martinez accepts friendly amendment. <br />Vice -Chairperson Sarmiento moves item forward. So moved, by Chairperson <br />Martinez. <br />3. Discussion on Placemaking Program Recommendations (Strategic Plan No. 3, <br />4a) - (CDA) <br />Victor Negrete, Downtown Development Liaison, reviewed three process options <br />presented at November 9, 2015 on how to implement program: 1) Traditional <br />Budget Process; 2) Participatory Budgeting; 3) Hybrid of matching grant program / <br />crowd funding. Since then has met with staff, Latino Health Access (LHA), and City <br />of Long Beach to discuss program experiences. Long Beach program took 10 <br />months to complete with double funding allowance and expenses. LHA has sent <br />email to City with their recommendations on Placemaking Program. <br />Chairperson Martinez does not want process made too complicated. Would like to <br />see $1,000 to $1,500 projects that show immediate results that will engage <br />community and benefit the local residents. Small creative projects that will be <br />noticed and there is ownership with participation of residents and schools. Get back <br />to committee with information and ideas on use of limited funds to get going without <br />being too complicated. <br />December 14, 2015 1 Finance, Economic Development, & Technology Minutes <br />