HomeMy WebLinkAbout2018-08-14 VLHA Meeting Agenda
Vail Local Housing Authority
Agenda
Tuesday, August 14,2018
Regular Meeting
Public Meeting
3:00 PM –5:00PM
Housing Department
Large Conference Room
75 South Frontage Road West, Vail, Colorado 81657
MEMBERS PRESENTMEMBERS ABSENT
Steve LindstromMary McDougall
Molly Morales
Francisco Meza
James Wilkins
Staff
George Ruther
Lynne Campbell
1.Review and Approve July 24, 2018Meeting Results5 Min.
2.Resolution Number 13, Series of 2018 a Resolution Approving the Purchase of a Deed 5 Min.
Restriction Interest in Property (Type III Deed Restriction) In the Town of Vail Legally
Described as Vail East Townhouse Condos Unit 6, Eagle County, Colorado with a Physical
Address of 5020 Main Gore Place Unit 6, Vail, Colorado; Subject to Ratification by the Vail
Town Council; and Setting Forth Details in Regard Thereto.
3.Resolution Number 14, Series of 2018 a Resolution Approving the Purchase of a Deed 5 Min.
Restriction Interest in Property (Type III Deed Restriction) In the Town of Vail Legally
Described as Townhouse Site No. 3 Being a Part ofLot 10, Block G, Vail Das Schone, Filing
No. 2 (part of Alpen Chalets Townhouse Building 2 Unit 3), Eagle County, Colorado with a
Physical Address of 2388 Garmisch Drive Unit 3-B2, Vail, Colorado; Subject to Ratification by
the Vail Town Council; and Setting Forth Details in Regard Thereto.
4.Housing Now Conference Attendance5 Min.
5.Long Term Funding -Ballot Tax David Cunningham, tentative40Min.
6.Executive Session per C.R.S. §24-6-402(4)(a)(e) -to discuss the purchase, acquisition, lease,
transfer, or sale of property interests and to determine positions, develop astrategy and
instruct negotiators, regarding: submitted Vail InDEED applications and program details.60Min.
Adjournment at 5:00PM
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Next Meeting –August 28, 2018
Future Agenda Items:
Long Term Funding SourceVLHA Business Plan
2019 BudgetEast Vail Parcel Update
Housing DataOpen Lands Plan Discussion
Update Economic Value of Housing West Vail Master Plan Discussion
Discussion
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Vail Local Housing Authority
Meeting Results
Tuesday, July 24,2018
Regular Meeting
Public Meeting
3:00 PM–5:00PM
Housing Department
Large Conference Room
75 South Frontage RoadWest, Vail, Colorado 81657
MEMBERS PRESENTMEMBERS ABSENT
Steve Lindstrom(via phone)Molly Morales
Mary McDougall
Francisco Meza
James Wilkins
Staff
George Ruther
Lynne Campbell
Public Present: Sandy LaBaugh, Vice Presidentwith ANB Bank
Wilkins called the meeting to order at 3:10PM, Steve Lindstrom via phone and Molly
Morales absent.
The July 18, 2018meeting resultswere reviewed and approved as presented.
MOTION: Lindstrom SECOND: McDougallVOTE: 4-0
Sandy LaBaugh provided an update of ANBstating there are 30 branches 2of which
are in Eagle County. ANB is a full service bank with an interest in financing deed
restricted properties. They do have ability to provide up to 97% loan to value depending
on restriction language. Currently,theydo developmentfinance up to 30 million. All
financing is portfolio. ANB is active in the Aspen deed restriction programs. Underwriting
is done out of the Cherry Creek office. ANB does not do 30 year fixed rather 5-7 year
arms.
The Board reviewed the Open Lands Plan and Short Term Rentals(STR)position
statements. Discussion resulted in the Board suggesting tonotbe overly restrictive on
the Open Lands in order to keep options open for future consideration. Staff said to
refer totherecently adopted housing policies as a guide for developing and maintaining
housing options. Ruther stated finance is performing an audit of STR which resulted in
the Boardquestioning what the plans to bring more homes into compliance are.
Lindstrom believes the Boardneedsto create a housing database to assist with the
STR and housing options.
Next steps, both the Open Lands Plan and Short Term Rental will be presented at the
th
August 7Town Council meeting. Ruther will prepare Board memos on both items,
route to them for review and present at the Council meeting.
Next the Board discussed Long Term Fundingandnext steps to move the Tax Ballot
question forward.
The Board needs to identify and further investigate:
Goals
Sources of Funds–
o Selling density
o Sales tax
o RETT fund redirected
o New Tax
o Revenue Generating Assets
o Fees
o Increase Fees, reallocate existing fees
o Issue bonds
Uses –
o Clear ballot language, how and what will funds be used
o Provide use for what and what not used for
Process –
o Who-pays, (council, staff, outside group?)who is authorized, what are the legal
steps
o Legal-Can spend TOV funds of do we need to raise funds
o Strategies: Consultant
Resources-goal looking for support and not to blindside groups
o Groups: Vail Homeowner Association (buy in), Eagle County
o Individuals: David Cunningham, Chris Romer-Vail Valley Partnership, Bobby
Lipnick, for example
o Update The Economic Value of the Town of Vail’s Investment in Employee
Housingreport
o Environmental impacts, what are they and how to address
o Clean up Town codes, other items which would be helpful and in support of
the tax
Next Steps:
Update The Economic Value of theTown of Vail’s Investment in Employee
Housingand include environmental impacts.
o Ruther will contact BBC regarding an update and cost to add the environmental
piece. He will also reach out to Willa Williford -Williford LLC and Kim Langmaid
for anenvironmental consultantreference.Ruther willpresent proposals to the
Boardat the next meeting.
Request for Proposal (RFP) for the Board to review
o VLHA suggested two separate reports for economic and environmental reporting.
Another option presented by Ruther is one consulting group who could manage
the process and produce one comprehensive report.
Lindstrom asked the Board to think about lists of who could be helpful to push tax
through.
Wilkins motioned to enter executive session per C.R.S. §24-6-402(4)(a)(e) -to discuss the
purchase, acquisition, lease, transfer, or sale of property interests and to determine positions,
develop a strategy and instruct negotiators, regarding: submitted Vail InDEED applications and
program details.
MOTION: WilkinsSECOND: LindstromVOTE: 4-0
Wilkinsmotioned to re-enter the regular meeting.
MOTION: WilkinsSECOND: MezaVOTE: 4-0
Present were McDougall, Meza, Wilkins, Lindstrom (via phone), Ruther and Campbell.
McDougall motionedto recommend to staff continue forward with Vail InDEED negotiations.
MOTION: McDougallSECOND: MezaVOTE: 4-0
Meeting adjournedat 4:45PM.
MOTION: WilkinsSECOND: McDougallVOTE: 4-0
Next Meeting –August 14, 2018
Future Agenda Items:
Long Term Funding SourceVLHA Business Plan
2019 BudgetEast Vail Parcel Update
Housing DataOpen Lands Plan Discussion
Update Economic Value ofHousing West Vail Master Plan Discussion
Discussion
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