HomeMy WebLinkAbout2024-11-26 VLHA Agenda1.Call to Order (3:00pm)
2.Citizen Participation (5 min.)
3.Approval of Minutes (5 min.)
3.1 Approval of November 12, 2024 Minutes 5 Mins
Presenter(s): Missy Johnson
4.Main Agenda
4.1 2025 VLHA Budget Review 20 Mins
Presenter(s): Jake Shipe, Budget Analyst and Martha
Anderson, Senior Housing Coordinator
5.Matters from the Chairman and Authority Members
6.Adjournment
7.Future Agenda Items Defining qualified residents and remote workers
8.Next Meeting Date Tuesday, December 10th is the only meeting scheduled for December.
VAIL LOCAL HOUSING AUTHORITY MEETING
Agenda
This meeting will be via ZOOM ONLY.
Zoom meeting link: https://vail.zoom.us/j/87924597932
3:00 PM, November 26, 2024
The Authority meets on the 2nd and 4th Tuesday of each month. Meetings are typically in the
Town Council Chambers and hybrid on Zoom but there are times when it is Zoom only.
2024-11-12 VLHA Minutes.pdf
VLHA 2025 FS.pdf
VLHA Budget Expenditures Slide.pdf
Meeting agendas and materials can be accessed prior to meeting day on the Town of Vail website
www.vail.gov. All Town Council meetings will be streamed live by High Five Access Media and available
for public viewing as the meeting is happening. The meeting videos are also posted to High Five Access
Media website the week following meeting day, www.highfivemedia.org.
Please call 970-479-2460 for additional information. Sign language interpretation is available upon
request with 48 hour notification dial 711.
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AGENDA ITEM NO. 3.1
Item Cover Page
DATE:November 26, 2024
TIME:5 Mins
SUBMITTED BY:Missy Johnson, Housing
ITEM TYPE:Approval of Minutes
AGENDA SECTION:Approval of Minutes (5 min.)
SUBJECT:Approval of November 12, 2024 Minutes
SUGGESTED ACTION:
PRESENTER(S):Missy Johnson
VAIL LOCAL HOUSING AUTHORITY AGENDA ITEM REPORT
ATTACHMENTS:
2024-11-12 VLHA Minutes.pdf
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Vail Local Housing Authority Minutes
Tuesday, November 12, 2024
3:00 PM
Vail Town Council Chambers and virtually by Zoom.
PRESENT
Steve Lindstrom
Kristin Kenny Williams
Dan Godec
Craig Denton
Christine Santucci
STAFF
Jason Dietz, Housing Director
Missy Johnson, Housing Coordinator
1. Call to Order (5 min.)
Called to order at 3:03 p.m. with all members present.
2. Citizen Participation (5 min.) No comments.
3. Approval of Minutes (5 min.)
3.1. Approval of Minutes from October 22, 2024
2024-10-22 VLHA Minutes.pdf
MOTION: Williams SECOND: Godec PASSED: 5-0
4. Main Agenda (15 Min.)
4.1 VLHA EHU Exchange Review (15 Min.)
Presenter(s): Jason Dietz, Housing Director and George Ruther,
Principal, Ruther Associates LLC
11.12.2024 VLHA EHU exhange review.pdf
Dietz turned it over to Ruther to present the memo representing an EHU Exchange Proposal for
the Berkowitz family, current owners of 315 Mill Creek Circle. Ruther is representing the owners
as his clients, whom are selling the home which currently has a Type I deed restriction, as
referenced in the packet. The recommendation is detailed in the memo which highlights town
code and this particular underperforming deed restriction, meaning, it does not require that it is
rented, but if it is rented, it shall be rented to a qualified tenant. Ruther recommends the
approval of this fee in lieu proposal, which not only furthers the goals and policies of the Town
of Vail, the Strategic Plan and aligns with the Town of Vail 2027 Plan. This would be a
conditional release, which would allow for the release administratively, when and if the new
property owner submits and application and receives an approval for the issuance of a building
permit within 24 months of the effective date of a resolution authorizing this release. It would
allow the home to come back into the town at the max allowable site coverage. Town staff
recommends that the authority make an approval recommendation to Town Council for the
request to reviewed on November 19th. The funding would go to the Town of Vail housing fund
at closing of the sale of the home. Denton abstained from the vote.
MOTION: Santucci SECOND: Williams PASSED: 4-1-0
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5. Matters from the Chairman and Authority Members (5 min.)
• Johnson updated the group on the status and next steps for the Authority website and
email addresses. Once the Authority website is complete, additional edits will be made to
the housing pages to eliminate redundancy and create more clarity.
• Williams participated in the recent winter kick-off meeting through the VCBA and a big
push remains to reach small business owners for possible Timber Ridge ownership.
• Dietz updated the group regarding the LPC Grant. After meeting with Dola, we are on a
good path forward to contract with MPG.
• Conversation ensued around status of future community housing projects like CDOT
parcel and West Middle Creek.
• Currently, Town of Vail is not involved in the State Land Board discussions around the
Dowd Junction land.
5. Executive Session (15 min.) Executive session was cancelled because there
was no need for negotiations or discussions.
6. Adjournment 3:35 pm (estimate)
Meeting adjourned at 3:31 p.m.
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AGENDA ITEM NO. 4.1
Item Cover Page
DATE:November 26, 2024
TIME:20 Mins
SUBMITTED BY:Missy Johnson, Housing
ITEM TYPE:Main Agenda
AGENDA SECTION:Main Agenda
SUBJECT:2025 VLHA Budget Review
SUGGESTED ACTION:
PRESENTER(S):Jake Shipe, Budget Analyst and Martha Anderson, Senior Housing
Coordinator
VAIL LOCAL HOUSING AUTHORITY AGENDA ITEM REPORT
ATTACHMENTS:
VLHA 2025 FS.pdf
VLHA Budget Expenditures Slide.pdf
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2025
2024 2024 Amended 2024 Proposed
Budget Budget Forecast Budget
Revenue
Middle Creek Revenue Share / Mgmt Fee 16,700$ 16,700$ 21,547$ 18,080$
Interest Income 7,866 7,866 16,192 6,750
Ground Lease Revenue 35,000 35,000 35,000 -
Total Revenue 59,566 59,566 72,739 24,830
Expenditures
Accounting Fees 2,500 2,500 2,500 2,500
Operating, Maintenance & Contracts 72,370 159,870 159,870 79,680
Total Expenditures 74,870 162,370 162,370 82,180
Revenue Over (Under) Expenditures (15,304) (102,804) (89,631) (57,350)
Beginning Fund Balance 393,304 393,304 393,304 303,673
Ending Fund Balance 378,000$ 290,500$ 303,673$ 246,323$
2025 PROPOSED BUDGET
SUMMARY OF REVENUE, EXPENDITURES, AND CHANGES IN FUND BALANCE
VAIL LOCAL HOUSING AUTHORITY
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2025
VLHA
BUDGET
EXPENDITURES
OPERATING EXPENDITURES
Professional Fees 72,700$
Professional Development 2,500$
Miscellaneous 4,300$
Bank Charges 180$
Total Operating Expenditures 79,680$
2025 Budgeted Transactions in Miscellaneous
2025 Carpenter's Ball 3,000$
Board Appreciation Meals/Holiday Events 1,300
4,300$
2025 Budgeted Transactions in Professional Fees
Professional Fees
Deed Restriction Performance Tracking 25,000
Legal Fees 7,500
Contingency Placeholder for New Contracts 30,000
VLHA Webpage/Email Subscription Fees 600
VLHA Meeting Videography - High Five Access Med 9,600
72,700$
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