HomeMy WebLinkAbout2024-11-12 VLHA Agenda
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Vail Local Housing Authority Minutes
Tuesday, October 22, 2024
3:00 PM
Vail Town Council Chambers and virtually by Zoom. Zoom meeting link:
https://vail.zoom.us/j/84943842844
PRESENT ABSENT
Steve Lindstrom Craig Denton
Dan Godec via zoom
Kristin Williams
Christine Santucci via zoom
STAFF
Jason Dietz, Housing Director
Martha Anderson, Senior Housing Coordinator
Missy Johnson, Housing Coordinator
1. Call to Order (5 min.)
Meeting called to order at 3:02 p.m.
2. Citizen Participation
No comments.
3. Approval of Minutes (5 min.)
3.1 Approval of Minutes from October 8, 2024
2024-10-08 VLHA Minutes.pdf
MOTION: Williams SECOND: Godec PASSED: 4-0
4. Main Agenda
4.1 VLHA Q3 2024 Financial Update
Presenter(s): Jake Shipe, Budget Analyst
VLHA Q3 2024 Financial Update.pdf
Jake Shipe from Finance presented the Balance Sheet and Income Statement through
9/30/2024 as provided in the presentation.
Through the third quarter, the VLHA has collected $59,800 in revenue. The budgeted
ending balance is $290,500.
Shipe confirmed the items associated with the professional fees as budged for deed
restriction performance tracking, inclusionary zoning and commercial linkage study,
development review process improvements, legal fees and website updates for VLHA, and
grant writing assistance.
As of Sept. 30, the Authority has total $387,200 and no liabilities.
Godec asked how the Authority accrued $11,000 interested based on the Authority assets.
Shipe explained the two accounts and does not have the most up to date interest amount
from each account.
As of Sept. 30, the Town of Vail Housing Fund has collected $7.6M in revenue and capital
expenditures have totaled $5.5M. Regarding the Town capital projects fund has $3.4M has
been spent for Town employee housing purchases.
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5. Matters from the Chairman and Authority Members (5 min.)
Williams provided an update regarding the VLHA website and email addresses. She looks to
the housing staff and town communications to establish a deliverables list for the design of the
Vail Local Housing Authority web page. The emails will include .net.
Dietz provided a brief update regarding Timber Ridge Village.
Williams stated that there is a lot of interest for the multi-family housing through for Habitat
for Humanity collaboration for the Timber Ridge availability.
Anderson updated the group regarding the current Town of Vail Community Housing Lottery for
two homes.
6. Executive Session (15 min.) Executive Session pursuant to: 1. C.R.S. §24-6-402(4)(a) - to
consider the purchase, acquisition, lease, transfer or sale of any real, personal or other property
interest, §24-6-402(4)(e) to determine positions relative to matters that may be subject to
negotiations, develop a strategy for negotiations and instruct negotiators and on the topic of: Vail
InDEED Application.
This item was cancelled as of Monday, Oct. 21.
7. Adjournment 3:50 pm (estimate) Meeting adjourned at 3:19 p.m.
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75 South Frontage Road West Housing Department
Vail, Colorado 81657 970.479.2150
vailgov.com
MEMORANDUM
To: Vail Local Housing Authority
From: Jason Dietz, Housing Director
Date: November 12, 2024
Re: EHU Exchange Proposal – 315 Mill Creek Circle
I. Background
The Berkowitz Family is the owner of the residential property located at 315 Mill Creek Circle.
The owner’s property is currently encumbered by a Type I EHU deed-restriction (recorded on
November 15, 1993). Pursuant to the provisions of Section 12-13-5 of the Vail Town Code, the
owner is requesting approval to exchange the existing deed-restricted on the property for a fee
in lieu payment.
II. Purpose
The purpose of this memorandum is to present a proposal to release an existing Type I deed
restriction on the residential property located at 315 Mill Creek Circle in exchange for a fee in
lieu payment.
Please see the November 12, 2024, memorandum from Ruther Associates LLC outlining the
EHU Exchange Proposal and request for Recommendation, Exhibit A.
III. Recommendation
Staff is in support of the EHU Exchange Request as outlined within Exhibit A and welcomes
additional VLHA comments and feedback.
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EXHIBIT A
VLHA EHU Exchange Application
Town of Vail
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