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HomeMy WebLinkAbout2024-11-26 VLHA Minutes Vail Local Housing Authority Minutes Tuesday, November 26, 2024 3:00 PM This meeting was via ZOOM ONLY. PRESENT ABSENT Steve Lindstrom Christine Santucci Kristin Kenny Williams Dan Godec Craig Denton STAFF Jason Dietz, Housing Director Martha Anderson, Senior Housing Coordinator Missy Johnson, Housing Coordinator 1. Call to Order Called to order at 3:02 p.m. via ZOOM. 2. Citizen Participation No comments. 3. Approval of Minutes 3.1 Approval of November 12, 2024 Minutes Presenter(s): Missy Johnson 2024-11-12 VLHA Minutes.pdf MOTION: Godec SECOND: Williams PASSED: 4-0 4. Main Agenda 4.1 2025 VLHA Budget Review Presenter(s): Jake Shipe, Budget Analyst and Martha Anderson, Senior Housing Coordinator Time: 20 Mins VLHA 2025 FS.pdf VLHA Budget Expenditures Slide.pdf Shipe and Anderson reviewed the proposed budget starting with the forecasted revenues and expenses. The ground lease revenue for Lions Ridge is omitted because the land was sold to the developer. The fund balance remains unchanged but the forecast shifted because of an anticipated drop in interest rates. Anderson reviewed a quick synopsis of expenditures in reference to the slide provided. Professional fees include some items as carry over from 2024 and also to plan for possible new consultant contracts, email subscription and fees and Habitat for Humanity Carpenter's Ball, and miscellaneous costs. Reminder that some of the professional fees will be covered in 2025 through the LPC Grant Funding. The Deed Restriction performance tracking was previously earmarked to gather demographic information from current EHU owners and may be up for discussion in the future discussion and strategy for future needs. Shipe will bring back the formal resolution at the future meeting on December 10 Authority meeting with no additional changes. A reminder that the DOLA grant revenue was awarded through directly to the Town of Vail and must be run through the Town of Vail without any reimbursements to the Vail Local Housing Authority budget. Motion to move $750 from Professional fees over to Miscellaneous for purposes of a holiday gathering. MOTION: Williams SECOND: Denton PASSED: 4-0 5. Matters from the Chairman and Authority Members Williams suggested that the Authority follow closely as to reasons why projects like West Eagle Project are not moving forward through an awareness of the hurdles, as Town of Vail works to aggressively move housing forward. Williams updated the group that she followed up with County Manager Schroll regarding a possible future meeting with the Vail Local Housing Authority and Eagle County. The authority continues to desire collaborative efforts for future housing projects when possible. Godec suggested it would be beneficial for Town of Vail to have a presence at State Land Board Meetings. Williams mentioned that Traer Creek continues to be involved in planning for the future of undeveloped properties in Avon, which will eventually have a housing component, although they have long exceeded their workforce housing requirements. Discussion ensued around the possible build locations in Avon and the desire for the Authority to maintain communication with Avon regarding their attainable housing plan. Dietz updated the group regarding the housing needs assessment through EPS with the final to likely be completed in January or February. At the 12/17 Town Council meeting, there will be an update about West Middle Creek in the afternoon session. He also updated the group regarding STRs and staff recommendation to be presented in January. Dietz provided a status of the DOLA local planning capacity grant and a contract with Mauriello Planning Group (MPG) and a future study and planning towards a Residential Linkage fee. Lindstrom will be involved in future conversations. Lindstrom and Deitz continued to update the Authority about additional topics to watch for at upcoming Town Council meetings. Denton inquired regarding the general topic of local deed restrictions and owners being allowed to own a TOV deed restricted home, while also owning a large, $1 million to $2 million home in Denver. In the example he used, the owner moved the business to the Mountains to meet the terms. Denton inquired to better understand how this is allowed. Dietz responded that while the assets are difficult to track, the reason that it is allowable is the Vail Housing program does not have income limits. The deed restrictions require approved local residents as occupants. Many deed restrictions prevent owners (with owner occupied deed restrictions) to own housing in Eagle County. Anderson mentioned that Vail InDEED does not prevent home ownership of multiple homes. 6. Adjournment Meeting adjourned at 3:45 p.m. 7. Future Agenda Items Defining qualified residents and remote workers 8. Next Meeting Date Tuesday, December 10th is the only meeting scheduled for December.