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Home My WebLink About2025-05-27 VLHA Meeting Minutes Vail Local Housing Authority Minutes Tuesday, May 27, 2025 3:00 PM Vail Town Council Chambers and virtually by Zoom. Zoom meeting link: https://vail.zoom.us/j/83110634258 PRESENT ABSENT Steve Lindstrom Craig Denton Dan Godec via zoom Christine Santucci via zoom Kristin Kenny Williams STAFF Martha Anderson, Senior Housing Coordinator Missy Johnson, Housing Coordinator 1. Call to Order (3:00pm) Call to order at 3 p.m. 2. Citizen Participation (5 min.) No comments. 3. Approval of Minutes (5 min.) 3.1 Approval of April 8, 2025 Minutes Presenter(s): Missy Johnson 2025-04-08 VHLA Minutes.pdf A second vote is needed by Authority members who were present at the April 8 meeting and noted in the minutes. 4. Main Agenda (65 min.) 4.1 Swearing in of Current Authority Member Steve Lindstrom to a Full Term on the Vail Local Housing Authority Expiring May 31, 2030 Presenter(s): Steph Johnson 4.2 A Resolution Authorizing the Appointment of Christine Santucci to the Board of Directors of the Vail Home Partners Corporation to a Full-Term Expiring May 26, 2026 Presenter(s): Steve Lindstrom Resolution No. 3 Series of 2025.pdf All authority members voted in favor. 4.3 Short-Term Rental Tax Presenter(s): Russ Forrest, Town Manager Town Manager, Russell Forrest joined the Authority meeting because the Town Council has directed staff to pursue next steps to put an STR excise tax on the ballot. Forrest led a discussion with the Authority members and posed a variety of questions around the future organization of a campaign for a housing tax. Feedback was provided from the Authority about their experience when they participated in the housing sales tax proposal, as a separate legal body from the Town of Vail and Lindstrom recalled details of the Authority's active involvement. Current board members, Williams and Godec were part of the committee even prior to being Authority members. Discussion ensued and feedback included: - The Magellan Group is a good fit to include community input, and they will execute survey work and future campaigning. - There was a structured, broad local committee beyond the Authority, including community members and a strength of leaning into groups such as business owners, locals and advocates for housing. The authority assisted but there was a weekly meeting, led by Magellan. - Consideration of valid concerns from a core group of people and one-on-one meetings were of value, even before the survey taking place. - The committee did not lean in to use a specific housing project in the campaign and there was strong accountability towards the funding, especially during one-on-one conversations. In experience, there was efficiency of the group which did not involve hiring additional staff. - Williams stated that it is important that Town shows support of regional partnerships to maintain movement in the housing sector. - The Authority is willing to taking next steps to communicate with the community regarding this topic, and in full agreement to work with Magellan and to confirm that the tax dollars do not go to the Housing Authority, instead to the Town elected to determine the use of the funds. - Lindstrom suggests reaching out early to key individuals, with varying opinions. - Williams suggested the survey will provide valuable insight regarding the level of support of housing outside the Town of Vail is supported and if so, how far west and for Magellan to consider the recent housing study provided by Eagle County. - Williams suggests testing a variety of deed restrictions, i.e. resident occupied, price capped, AMI capped, owner occupied, remote workers and more. Topics of remote workers and the strong message that more housing is needed is of importance. - A strategy around the recreational offerings may be an additional topic around the decision makers. When multi-use buildings are built into the plan, do we have enough fields, parks and more. - Denton reminded the group that it is time to be cooperative around the county wide amenities with places to connect and play and Forrest agreed and that there is strong opportunity for partnership that exists today. - Denton mentioned the shift from the 70s and 80s when people came here to ski and stayed in the village. The community is not just here to ski anymore. They are here for a lifestyle of all different reasons including golfing, biking, fishing and so it is a battle to keep people in Town because of lack of affordability. 4.4 Timber Ridge Update Presenter(s): Mike Foster, Triumph Development West Timber Ridge Village - Housing Authority Update - May 21 2025.pdf Michael O'Conner and Tish Palmer joined the Authority to provide a status update of Timber Ridge Village, recap of sales progress and next steps. Discussion ensued around remaining residences and mention that business contracts are not refundable while individuals do have a contingency. There are 76 units available, including 15 studios, 13 one-bedroom, 12 2-bedrooms, 29 3-bedrooms and 7 4-bedrooms. In July, there will be marketing around the release of 1-bedrooms to be purchased by others besides business owners. Williams reviewed the data from Habitat for Humanity Vail Valley and 12 families have been selected. Two hundred forty-eight applications were received and of those, 137 selected Timber Ridge and of those, 75 families qualified with an average AMI of 64%. Of the 12 families, 11 currently live or work in Vail and 17 adults and 11 children. This is 12 out of 75 qualified applicants to purchase at the published rates price as the buyers are managing the mortgage like any other buyers. This shows people want to live and work in Vail, where they are currently renting. Habitat for Humanity is under contract to purchase at the published prices like anyone else is paying, for 10 3-bedroom and 10 2-bedroom residences. Habitat is working with partners including the Town that committed $2M and the County that committed $2M, and Habitat still has an $8M subsidy to bring the mortgage costs down for the 20 units with zero interest loans. Discussion ensued around the remaining units, retirement requirements, property management and communication of the Timber Ridge EHU Credit Program. 5. Matters from the Chairman and Authority Members (5 min.) Reminder that the next meeting is a zoom only meeting. 6. Adjournment Meeting adjourned at 4:16 p.m. and the Authority left the Council Chambers for a site tour of the Timber Ridge Village site. The Authority joined the Triumph Development team on Lions Ridge Loop just above the project for a site visit where they saw the progress and no official Authority business was discussed. 7. Next Meeting Date (June 10, 2025)