HomeMy WebLinkAbout2020-11-10 VLHA Meeting Minutes Vail Local Housing Authority
Meeting Minutes
TOWN OF V9h November 10, 2020
3:00 PM
Zoom Virtual Meeting
75 S. Frontage Road -Vail, Colorado, 81657
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PRESENT ABSENT
Steve Lindstrom, Chairman Molly Morales
Mary McDougall
James Wilkins
Greg Moffet
STAFF
George Ruther, Housing Director
Lynne Campbell, Housing Coordinator
1. Call to Order
1.1. Zoom Meeting 1 (pre-Executive Session)
1.2. Zoom Meeting 2 (post Executive Session)
1.3. Call to Order
A quorum being present Lindstrom called the meeting to order at 3:02 PM all
members are present except Morales.
2. Citizen Participation
2.1. Citizen Participation
There is no public comment.
3. Approval of Minutes
3.1. VLHA October 27, 2020 Meeting Minutes
MOTION: MOFFET SECOND: WILKINS VOTE: 4-0 APPROVED
4. Main Agenda
4.1. Inclusionary Zoning & Commercial Linkage Review and Discussion
Presenter: Andrew Knudtsen and Rachel Shindman, Economic Planning
Services
EPS reviewed case studies for a Housing Policy and Fee Analysis update with
expectations of VLHA's feedback. Discussion ensued.
Studies included Jackson, WY, Mt. Crested Butte, CO, Telluride, CO and Aspen,
CO. Levers which effect jurisdictions outcomes were discussed.
Lever 1 — Generation Rates. The Authority is good with using these rates and
leaning toward residential linkage.
Lever 2 — Mitigation Percentage. EPS suggested reviewing this item last, the
Authority agreed.
Lever 3 — Cost of Construction. Use cost of construction and sales pricing to
create fee-in-lieu, need method to update on a regular basis.
Key take a ways from discussion:
• Mitigation prioritization is built into other jurisdiction's policies
• Town needs to identify unit priority
• EPS to review how other community's setup mitigation criteria
• Fee updates are generally codified in policy every X years generally 3-5
years. The Authority discussed update by committee or VLHA.
• Mitigation rate would include land, hard, soft and profit. EPS recommended
use the simplest method to update. VLHA and EPS discussed options how
mitigation could be measured and charged.
• How are the mitigation funds going to be used? Construction of units versus
buying units cost is different. Per EPS we do want a fee as part of outcome,
that will be the lowest level of achieving housing result. Use data sources
reflecting comparable real estate. Cost of construction gives better data to
build. Downside is updatability of cost of construction. Vail's land cost may
not have good comparables.
• Outside Town mitigation is an option but needs to come with form of
transportation. Currently the Town has mitigation rates in Vail jurisdiction but
nothing outside of Town. Mitigation should include gross community impact.
• Overall fee-in-lieu is not delivering EHUs and fees are lacking. There is a
desire to use housing outside of the Town but at a higher multiplier.
• VLHA is looking for direction and confirmation residential linkage is working in
other areas.
• More discussion needed on Lever A- Geography and application of
standard
• Lever B — Method for mitigation. Least favorable option is fee-in-lieu.
• Quantify each method and what are tradeoffs in and out of town.
• Are there other methods the Town doesn't have that maybe considered?
Include other options for decision makers can see if we are missing
anything.
EPS next steps are to develop refinement on Lever A and ratios, meet with the
Housing Department, update Council along the way and come back to VLHA.
5. Matters from the Chairman and Authority Members
5.1. Matters from the Chairman and Authority Members
Presenter: Steve Lindstrom, Chairman
The Authority reviewed and discussed an email from Melinda Tierney concerning the
number of Vail InDEED homes one can own. Discussion resulted in the Authority's
restating their goal of getting a deed restriction on a property in perpetuity and they
determined there is no need currently to add a restriction to the number of units one
can own.
6. Executive Session
Moffet motioned to enter executive session.
MOTION: MOFFET SECOND: WILKINS VOTE: 4-0 APPROVED
6.1. 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.
Presenter: Lynne Campbell, Housing Coordinator
Moffet made a motioned to reenter the regular meeting.
MOTION: MOFFET SECOND: WILKINS VOTE: 4-0 APPROVED
7. Any Action as a Result of Executive Session
7.1. Action as a Result of Executive Session
Wilkins made a motion direct Town staff to move forward with Vail InDEED
applications as reviewed.
MOTION: WILKINS SECOND: MCDOUGALL VOTE: 4-0 APPROVED
8. Adjournment
8.1. Motion to adjourn the meeting at 4:55PM.
MOTION: MOFFET SECOND: MCDOUGALL VOTE: 4-0 APPROVED
9. Future Agenda Items
• Housing Sites Discussion
• Land Banking (sale of GRFA)
• Public Health Housing Incentive, Eagle County Health
• Eagle County Housing Guidelines
10. Next Meeting Date
10.1. Next Meeting Date November 24, 2020
Meeting agendas and materials can be accessed prior to meeting day on the Town of Vail
website www.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