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HomeMy WebLinkAbout2019-03-26 VLHA Meeting Agenda Vail Local Housing Authority Agenda March 12, 2019 2:00 PM Town Council Chambers 75 S. Frontage Road -Vail, Colorado, 81657 1.Call to Ordercalled Lindstrom call the meeting to order at 2:07PM, all members present. Meza departed meeting at 3:15PM. 2.Citizen Participation: No one from the public is present to comment. 3.Approval of Minutes 3.1.VLHA February 26, 2019 Meeting Results MOTION: WilkinsSECOND: MezaVOTE: 3-0Approved (McDougall and Moralesabstained) 4.Main Agenda 4.1.Remonov & Co, Inc.-The Hive Presentation Presenter: Makenzie Mueller The presenter wasnot present. 4.2.Initial Review of Updated Economic Value of Deed-Restricted Housing in Vail Report Presenter: Andrew Knudtsen and David Schwartz, Economic Planning Services (EPS) Andrew Knudtsen and David Schwartz from EPSpresented update. Knudtsen reviewed project objectives based on the previous housing study. Discussion continued between the Board and EPS. *How do we message technical information?We wantgrounded in data that gets traction. *What are broader messages to council? *What are key messages or define them? *What are we missing? *What do we want amplified? Discussion between EPS and the Board ensued. Next steps: Update terminology Research / data collection Interviews with store managers 2018 data for Town of Vail employment from State Updated Town of Vail EHU data Impact analysis Data to use: 2018 community survey Employer survey VMT-vehicle miles travelled 4.3.Discussion of East Vail ParcelDraft Term Sheet Presenter: George Ruther, Housing Director Ruther summarized and reviewedthe options for development on the East Vail parcel. th On March 19the Council will host public session to discuss the draft term sheet. The draft term sheet has been put together for the discussion. Topics include the Council’s desire to see 100% of housing on the East Vail propertydeed- restricted.Why is this topic being discussed now when the applicant hasn’t submitted a development application. The Town and applicant are at cross roads and applicant needs a decisionon which plan option to pursue.The west portion of the property is zoned Housing requiring at least 70% of the square footagefor housing. 30% can be used for free market housing. IfTown was to participate in the development options include: Plan A= 100% deed-restricted 140 1 & 2 bedroom for rent inclusive of the 36 Vail Resorts housing units. This is an obligation of Triumph’s purchase from Vail Resorts. The Town purchases entire 23 acres (NAP)and5.56acres (Housing) for $4M.Triumph signs 10 year ground lease with an obligation to purchase the housing parcel for $2.5Mand on or before end of year 10 the Town recovers$2.5Mandacquires ownership up to 40 resident occupied deed-restrictions.While Triumph is under the obligation to pay will make annual payments of $5K matching grant for Bighorn sheep awareness, educationand habitat restorationand other $5K comes from TOV or other organizations.Lease includes cure rights should Triumph default. Ultimately,the Town will own the open space. Town has first right of deed restriction. Order of leasing preference proposed to be Town of Vail government employees, personsemployed 30 hours per week in Vail, licensed or working in Vail, Eagle County,non qualified persons similar to Lion’s Ridge Apartments. Triumph will make a $15K payment per year annually beginning at year 10. The Town would use $750K to $1Mtotal in Vail InDEED funds from 2019 appropriations and contingent upon future year’s appropriation. All other years are contingent upon budget appropriation. Council is working to figure deal, how funded next step. Lindstrom asked if Triumph payments come back to the Vail InDEEDprogram. Ruther said that hadn’t been determined. Plan B= 70% deed-restricted and 30% free market housinginclusive of the 36 Vail Resorts housing units.If Triumph goes to plan B the Town steps outand Triumph continues to develop by right.Following this option the development changes from a for- rent to a for-sale development with Vail Resorts rental units remaining the same. Vail Resorts could apply theirunits toward any future housing obligations. Wilkins made a motioned in support of a letter to Council to use Vail InDEED funding for the East Vail parcel. MOTION: WilkinsSECOND:MoralesVOTE: 5-0Approved 4.4.Follow Up of Communications on Long Term Funding Sources Presenter: George Ruther, Housing Director Ruther reviewed the draft talking points provided by David Flaherty from Summit Information Services. 4.5.Review Recommendation to Release a Type II Deed Restriction from 2642 Kinnikinnick Court. Presenter: George Ruther, Housing Director Ruther summarized the release which was established anddue to the terms of the deed restrictionit appears the restriction may be released.This request may end up onMarch th 19Council meeting. This release does not require VLHA recommendation. 4.6.Resolution No. 8, Series of 2019, a Resolution Approving a Purchase of a Deed Restriction Interest in Property (Type III Deed Restriction) in the Town of Vail Legally Described as Condominium Unit 4, Lion's Mane Phase II, Condominium Units, Eagle County, Colorado, with a Physical Address of 1063 Vail View Drive Unit 4. Presenter: Lynne Campbell, Housing Coordinator Wilkins made a motion to approved Resolution No.8, Series of 2019 a Purchase of a Deed Restriction Interest in Property (Type III Deed Restriction) in the Town of Vail Legally Described as Condominium Unit 4, Lion's Mane Phase II, Condominium Units, Eagle County, Colorado, with a Physical Address of 1063 Vail View Drive Unit 4. MOTION: WilkinsSECOND: MoralesVOTE: 5-0Approved 4.7.Resolution No. 9, Series of 2019, a Resolution Approving the Purchase of a Deed Restriction Interest in Property (Type III Deed Restriction) in the Town of Vail Legally Described as Vail Das Schone Filing 2, Block G, Lot 2B, Eagle County Colorado with an Address of 2458 Garmisch Drive Unit B. (upper) Presenter: Lynne Campbell, Housing Coordinator Table to March 26, 2019 MOTION: WilkinsSECOND: MoralesVOTE: 5-0Tabled 4.8.Resolution No. 10, Seriesof 2019, a Resolution Approving the Purchase of a Deed Restriction Interest in Property (Type III Deed Restriction) in the Town of Vail Legally Described as Vail Das Schone Filing 2, Block G, Lot 2B, Eagle County Colorado with an Address of 2458 Garmisch Drive Unit B. (lower) Presenter: Lynne Campbell, Housing Coordinator Table to March 26, 2019 MOTION: WilkinsSECOND: MoralesVOTE: 5-0Tabled 5.Executive Session Wilkins made a motioned to exit the regular sessionand enter executive session. MOTION: WilkinsSECOND: MoralesVOTE: 4-0Approved 5.1.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. Moralesdeparted themeeting after the executive session remaining intheroom isWilkins, Lindstrom, McDougall from VLHA and Ruther and Campbell from staff. 6. Any Action as a Result of Executive Session Wilkins recommended staff pursue the 2 Vail InDEEDapplications. MOTION: WilkinsSECOND: McDougallVOTE: 3-0Approved (Meza and Morales left meeting early) th Ruther reminded the Board the East Vail parcel will be discussed at the Town Council March 19 meeting. As well the Town’s community meeting begins at 5PM tonight. The VLHA and Town Councilhave been nominated for a Housing Colorado award with the event occurring on the th evening of May 9at the Four Seasons downtownDenver. 7.Adjournment MOTION: McDougallSECOND:WilkinsVOTE: 3-0 (Meza and Morales left meeting early) 8. Future Agenda Items Housing Data East Vail Parcel Update West Vail Master Plan Discussion Housing Sites Civic Area Plan 9.Next Meeting Date March 26, 2019 Meeting agendas and materials can be accessed prior to meeting day on the Town of Vail websitewww.vailgov.com.All housing authority meetings are open to the public. Times and order of agenda are approximate, subject to change, and cannot be relied upon to determine at what time the Vail Local Housing Authority will discuss an item. Please call (970) 479-2150 for additional information. Please call 711 for sign language interpretation 48 hours prior to meeting time. Housing Department RESOLUTION NO. 9 Series of 2019 RESOLUTION APPROVING THE PURCHASE OF A DEED RESTRICTION INTEREST IN PROPERTY (TYPE III DEED RESTRICTION) IN THE TOWN OF VAIL LEGALLY DESCRIBED ASVAIL DAS SCHONE FILING 2, BLOCK G, LOT 3B, EAGLE COUNTY, COLORADO WITH A PHYSICAL ADDRESS OF 2458 GARMISCH DRIVE UNIT B, VAIL COLORADO; AND SETTING FORTH DETAILS IN REGARD THERETO. WHEREAS, the Vail Local Housing Authority (the “Authority”), in the Town of Vail, County of Eagleand State of Colorado is dulyorganized and existing under the laws of the State of Colorado; and WHEREAS, the members of the Authority have been duly appointed and qualified; and WHEREAS, the Authority considers it in the interest of the public health, safety and welfare to purchase twoType III Deed Restriction (the “Deed Restriction”) on the property legally described as Vail Das Schone Filing 2, Block G, Lot 3BTown of Vail, Eagle County, Coloradowith a physical address of 2458 Garmisch Drive Unit B, Vail Colorado(the “Property”); and NOW THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF VAIL, COLORADO THAT: 1.The purchase ofthe Deed Restrictionon the Property is hereby approved by the Authorityat themaximum purchase price of $185,000. 2.The Chairman of the Vail LocalHousing Authorityis hereby authorized to execute, on behalf of the Town, an agreement to purchase two Deed Restrictionsand to take whatever steps are necessary to complete the purchase of the Deed Restrictionon the Property. 3.This resolution shall takeeffect immediately upon its passage. INTRODUCED, PASSED AND ADOPTED at a regular meeting of the Vail Local Housing Authorityof the Town of Vail held this26dayof March, 2019. Steve Lindstrom, Chairman of the Vail Local HousingAuthority ATTEST: Lynne Campbell, Secretary of the Vail Local Housing Authority ResolutionNo. 9,Series of 2019 To:Vail Local Housing Authority From:Town of Vail Housing Department Lynne Campbell, Housing Coordinator Date:March 26, 2019 Subject:A request for a recommendation to the Vail Town Council for the release of a deed- restriction from an existing employee housing unit,located at 1109 Vail Valley Drive (“exchange EHU”)in exchange for therecordingof an employee housingdeed- restriction onHeather of Vail Condo Unit B3/5197 Black Gore Drive Unit B3 (“proposed EHU”),pursuant to Section 12-13-5Employee Housing Unit Deed Restriction Exchange Program,Vail Town Code. Applicant:Biscayne Trust, represented by K.H.Webb I.DESCRIPTION OF REQUEST The applicant Biscayne Trust isrequesting Town Council approval to exchange a deed- restriction froman existing 401square foot employee housing unit,located at 1109 Vail Valley Drivefor aproposed 962square foot employee housing unit,located at Heather of Vail Condo Unit B3/5197 Black Gore Drive. II.REVIEW CRITERIA Before acting on an employee housing deed-restriction exchange application, the Vail Local Housing Authority and Vail Town Council shall consider the following criteria with respect to the application: 1.The exchange EHU shall not be part of any employee housing projectdeveloped or deed-restricted (in part or in whole) by the town of Vail.The exchange EHU shall not be part of any on site employee housing mitigation required by inclusionary zoning, commercial linkage, or as part of an approved development plan. The exchangeEHU was built in 2007 and a Type IIDeed-Restriction was recorded on August 31, 2007. The owner is required to rent to a qualified tenant and submit an annual affidavit indicatingwhetherthe unit is rentedto a qualified tenant. Pursuant to the terms of the deed-restriction, the EHU shall be leased and occupied by tenants who are full-time employees who work in Eagle County. The EHU is neitherpart of any employee housing project developednor is it part of any required mitigation.Therefore, staff believes the proposed EHU conforms to this criterion. 2.The exchange EHU shall not be part of any on site employee housing mitigation required by inclusionary zoning, commercial linkage, or as part of an approved development plan. The EHU is not part of an approved development planobligation. Therefore, staff believes this exchange EHU complies with the applicable requirements. 3.The property that includes the exchange EHU shall comply with the prescribed development standards (density controls including GRFA and number of units, site coverage, landscaping and parking requirements, etc.), as outlined in the applicable zone district section of this title, upon exchange of the deed restrictions. The exchange EHU is located within the Two-Family Primary/Secondary Residential (PS) zone district.Per Town Code Section12-6D-2: PERMITTED USESemployee housing units are apermitteduse. According to the Town’s Planning Department, 1109 Vail Valley Drive complies with prescribed development standards of the Two-Family Primary/Secondary Residential (PS) Districtand meets the required criteria related to participation in the exchange program. 4.The proposed EHU(s) shall be within a homeowners' association that does not preclude deed-restricted units, does not have a right of first refusal,doesnot have right to approve the sale or the sale contract, or have any other requirements deemed to be similarly restrictive by the administrator. The proposed EHUis not located within a homeowners association containing any above listed restrictions,and therefore,staff believes this proposed EHU complies with the criteria. 5.The proposed EHU shall comply with the minimum size requirements shown in table 13-2 of this section. If the exchange EHU is outside of the commercial job core and the proposedEHU(s) is outside of the commercial job core, the gross residential floor area (GRFA) of the proposed EHU(s) shall be a minimum of two (2) times the gross residential floor area (GRFA) of the exchange EHU. The exchange EHU is located outside the mapped commercial job core areaand the proposed EHU is outside the commercial job core area. Therefore,the proposed EHU shall meet the criteria listed belowas noted in Town Code 12-13-5 Section 3, Exchange Rate For Proposed EHUs: 4e/!Jg!uif!fydibohf!FIV!jt!pvutjef!pg!uif!dpnnfsdjbm!kpc!dpsf!boe!uif! qspqptfe!FIV)t*!jt!pvutjef!pg!uif!dpnnfsdjbm!kpc!dpsf-!uif!hsptt! sftjefoujbm!gmpps!bsfb!)HSGB*!pg!uif!qspqptfe!FIV)t*!tibmm!cf!b!njojnvn! pg!uxp!)3*!ujnft!uif!hsptt!sftjefoujbm!gmpps!bsfb!)HSGB*!pg!uif!fydibohf! FIV/ The proposed EHU is located outside the commercial job core and contains 962square feet of GRFA.The minimum required size of theproposed EHU is 802 square feet, or two times the size of the exchange EHU. Therefore, the proposed EHU of 962 square feet meets the proposed EHU criteria. TABLE 13-2 MINIMUM SIZE OF PROPOSED EHUs Type Of Unit Minimum Size (GRFA) Town of VailPage 2 Studio 438 square feet 1 bedroom 613 square feet 2 bedroom 788 square feet 3+ bedrooms 1,225 square feet 6.The proposed EHU shall contain a kitchen facility or kitchenette and a bathroom. The proposed EHU contains a full kitchen facility,and therefore,meets the criteria. 7.The property on which the proposed EHU is located shall comply withchapter 10, "Off Street Parking And Loading", of this title. The proposed EHUhas 2surface parking spotsandcomplies with chapter 10. 8.The proposed EHU shall have its own entrance. There shall be no interior access from the proposed EHU to any dwelling unit to which it may be attached. The proposed EHU has its own entrance into a 2bedroom,2bathroom condominium residence. Staff has confirmed this meets the proposed criteria. III.ATTACHMENTS Owner’s Request, represented by K.H. Webb Architect Town of VailPage 3 ! ! 4/29/2:! ! !!Wbjm!Mpdbm!Ipvtjoh!Bvuipsjuz! ! !!Buuo;!Hfpshf!Svuifs!! ! !!86!T/!Gspoubhf!Spbe! !!Wbjm-!Dpmpsbep!92768! ! ! Sf;!FIV!Fydibohf!gps!221:!Wbjm!Wbmmfz!Esjwf! ! ! ! !! Efbs!WMIB!Cpbse!Nfncfst-! ! Uibol!zpv!gps!zpvs!bttjtubodf!jo!uiftf!nbuufst!boe!uif!vshfodz!jo!sftpmwjoh!uif!FIV! fydibohf!bu!221:!Wbjm!Wbmmfz!Esjwf"! ! 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