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Home My WebLink About2021-03-23 VLHA Agenda MEETING CANCELLED Vail Local Housing Authority Agenda TOWN OF h" March 23, 2021 3:00 PM Virtual Meeting 75 S. Frontage Road -Vail, Colorado, 81657 ............... ._.__ .............................. ._.__ .............................. 1. Call to Order 1.1. Zoom Meeting 1 (call to order pre-executive session) 1.2. doom e pot � �i ) j /oaaaoiol / %l j O O O j ij j o 2. Citiz �� P tic at 1 r 0/O/O/O/O/O/O/Di 2.1. Citizen Participation 5 Min. 3. pro f Md j r i� %. J�If� % e mg ( i to 9,March/ 21 O in. OPY/F 4.-MV1`�(A��`�(d�f 4.1. Residential Linkage Framework for Calculating Mitigation - Discussion 60 Min. Presenter: Andrew Knudtsen & Rachel Shindman, Economic Planning Systems 5. Matters from the Chairman and Authority Members 5.1. Matters from the Chairman and Authority Members 10 Min. Presenter: Steve Lindstrom, Chairman 6. Executive Session 6.1. Executive Session per C.R.S. §24-6-402(4)(a)(e) - to discuss the purchase, 10 Min. acquisition, lease, transfer or sale of real, personal or other property interests and to determine positions relative to matters that may be subject to negotiations regarding: Vail InDEED applications and deed restrictions. Presenter: Lynne Campbell, Housing Coordinator 7. Any Action as a Result of Executive Session 7.1. Action as a Result of Executive Session 5 Min. 8. Adjournment 8.1. Adjournment 5:OOPM (estimated time) 9. Future Agenda Items 9.1. • Land Banking (sale of GRFA) • Public Health Housing Incentive, Eagle County Health • Joint VLHA, Town Council, Planning & Environmental Commission Meeting Regarding Commercial Linkage/I nclusionary Zoning and Adopted Housing Policy Review • Investment Banker Discussion - Long Term Housing Funding 10. Next Meeting Date 10.1. Next Meeting Date April 13, 2021 ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 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 langua °11,nterpr �� ti �'!!!lr »llugrs �� j�11JJJJ �UI (U�I' Housing Depart IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII Illllllllllllllllllllllllllllllllllllllllllf � J///////%/////////////////l/l/f ��/!!!!!!!!!!!I!lllllJJll��/ ��///� ��yJ��/ �///I!!!!!!!!!!I!!lIlJJIIIII�� 11111111111111111111111111111111111111111 11111111111111111111111111111111111111111, 11111111111111111111111111111111111111�� ! � �� 111lllllll>llllllllllllllll 111lllllll>llllllllllllllll �iiaaaaaaaaaaa//llll�� Oj� � r �o�iaiaiiaai//////�� l� �i,,, 11�, o�iaiaiiaai//////�� lllllllllllllllllllllllllllllllllllllllllll lllllllllllllllllllllllllllllllllll lllllllllllllllllllllllllllllllllll lllllllllllllllllllllllllllllllllllllllllll lllllllllllllllllllllollull��, TOWN OF VAIL LOCAL HOUSING AUTHORITYAGENDA MEMO ITEM/TOPIC: VLHA Meeting Minutes March 9, 2021 ATTACHMENTS: Description VLHA Meeting Minutes March 9, 2021 Vail Local Housing Authority Meeting Minutes TOWN DF�V9h March 9, 2021 3:00 PM Virtual Meeting 75 S. Frontage Road -Vail, Colorado, 81657 ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- PRESENT ABSENT Steve Lindstrom Mary McDd all % »lllllllllllllllllllr »lllllllllllllllllllr uuuuuuuuuuuu uuuuuuuuuuui �� 11111fllllllltlmllli� Molly Mora Greg off »lllllllll>uuuu ��// M James W4 s / uuuuuuuuuuuuuuuuuuuuui uuuuuuuuuuuuuuuuuuuuui ��ioioiroaiiaiaai%l/l11//„ STAFF� �uth r ou Dirtol� ro�a�� nne am a Ho i i or nator 1. Call i � r % i,,, ///Giaiaiiaai////// � uuuuuuuuuuuuuuuuuuuuui uuuuuuuuuuuuuuuuui uuuuuuuuuuuuuuuuui uuuuuuuuuuuuuuuuuuuuui uuuuuuuuuiuoimi , 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 3:05 PM.All members are present. 2. Citizen Participation 2.1. Citizen Participation Galen Aasland offered his comments regarding the residential linkage proposed. He doesn't agree with current policies being pursued and believes the comments are flawed. Thinks Aspen solutions to Vail's problem which won't work. Cynthia Fitch, no comments. 3. Approval of Minutes 3.1. VLHA February 23, 2021 Minutes MOTION: MOFFET SECOND: MC DOUGALL VOTE: 3-0 APPROVED 4. Main Agenda 4.1. Residential Linkage Framework for Calculating Mitigation — Discussion Presenter:Andrew Knudtsen & Rachel Shindman, Economic Planning Systems EPS and VLHA reviewed and discussed a high-level discussion of residential linkage. Discussion ensued. The proposed fee will be based on net new of construction and is intended to be transparent, straight forward and predictable, scaled to what you're building. EPS asked the Authority to consider and provide direction on three policy questions. 1. What is the upper AMI (area median income) level to capture in employee housing need? Moffet and McDougall don't agree with using AMI. Currently Commercial Linkage is based on square footage but a factor including w. r i I I l ii�'1 , afford ity at , °/ ,',FVbr � r �I Nuuu h er mi ate. The AL 111sito ma um AMI a d ask d t s m exWil s difference 120- 150 A ��uuuuuuuuuuuuuuuuuuuuui uuuuuuuuuuuuuuuuuui ��1/� �iioioiroaiia /111 �'; 2. What market geography (entire TOV or subset area) and typology (old/new all homes) should be used to calculate the emplo ee affordability ga ? �p;;rrrrrrrra»i� �ri� , 1 1;lmrrrrrtla»i�irr »lllllllllllllllllll »lllllllllllllllllll> »lllllluuuiuuu»»»;GO �a VLHA d � c r n fe p ions of T "r a uu�M �u Kh price p squar �r� eve 1,0C The Au or s �� E w4j) sc s doll rs quare f comp isons next dis ffffJJissio ,'EPS ck if Ia� thee, to a�)ai � rrrrrrrrni �uuupr e per e i ui ul �u e�uare fcof. 3. Future question: What is the mitigation rate? Authority members agreed the VLHA should be the group making decision of what the calculation should be updated to and present to Council for approval. Mitigation rates will be reviewed with examples at a later date. 4.2. Resolution No. 5, Series of 2021,A Resolution Approving the Purchase of a Deed Restriction Interest in Property (Type III Deed Restriction) in the Town of Vail Legally Described as Condominium Unit B-2, Heather of Vail Condominiums, Eagle County, Colorado with a Physical Address of 5197 Black Gore Drive, Unit B-2, Vail Colorado; and Setting Forth Details in Regard Thereto. Presenter: Lynne Campbell, Housing Coordinator MOTION: MOFFET SECOND: MC DOUGALL VOTE: 5-0 APPROVED 4.3. Resolution No. 6, Series of 2021,A Resolution Approving the Purchase of a Deed Restriction Interest in Property (Type III Deed Restriction) in the Town of Vail Legally Described as CONDOMINIUM UNIT 9, SUNLIGHT NORTH CONDOMINIUMS, Eagle County, Colorado with a Physical Address of 2475 GARMISCH DRIVE, UNIT 9, Vail Colorado; and Setting Forth Details in Regard Thereto. Presenter: Lynne Campbell, Housing Coordinator MOTION: MOFFET SECOND: WILKINS VOTE: 5-0 APPROVED 5. Matters from the Chairman and Authority Members 5.1. Matters from the Chairman and Authority Members Presenter: Steve Lindstrom, Chairman Cascade tennis courts project was reviewed at PEC March 81h and was not well received. The developer is reviewing next steps. West Vail Master Plan had another advisory meeting, a few housing ideas were present. Lindstrom hoping to have a meeting with the planning group. Edwards R ` r Par' ��°r �� h � �°»ia i 1 "fin erg e ssi " �uN11111��a��a uuuuuui iuiuiui��)' ��/a Housing d a n r �iaba an p8aie on 2( ?0 co pli nc p11 at submitted. The 2-year no ., p4ant dhamo ix,munsr has.))b.ea Asa %JJ j J 1111 110 arding legal action. Currently the Town is waiting on disposition from district court on the action. o ° unit dis ��iss i�1U�� p �F,' 0 gut rity ab t the t ry ,urt site. iuthority ag �e oo o ;ur y to discu �(UR@i90i ions in '�xecuti � on �Futur 'ole in the V ��ir el m f his site r �erty. aiaiiaif l� Investment banker discussion with VLHA regarding tools to balance deed restriction assets. It would allow borrowing leverage.Authority agreed a good conversation to have. It could provide a source of long-term funding, investing opportunities. Staff will add to an upcoming meeting for about 20 minutes. 6. Executive Session 6.1. Executive Session per C.R.S. §24-6-402(4)(a)(e) - to discuss the purchase, acquisition, lease, transfer or sale of real, personal or other property interests and to determine positions relative to matters that may be subject to negotiations regarding: Vail InDEED applications and deed restrictions. Presenter: Lynne Campbell, Housing Coordinator There were no items for review. 7. Any Action as a Result of Executive Session 7.1. Action as a Result of Executive Session No action taken. 8. Adjournment 8.1. Adjournment 5:OOPM (estimated time) Moffet made a motion to adjourn the meeting at 4:35PM. MOTION: MOFFET SECOND: MORALES VOTE: 4 -0 APPROVED 9. Future Agenda Items 9.1. • Land Banking (sale of GRFA) • Public Health Housing Incentive, Eagle County Health • Joint VLHA, Town Council, Planning & Environmental Commission Meeting Regarding Commercial Linkage/Inclusionary Zoning and Adopted Housing Policy Review • Investment Banker Discussion — Potential Funding Source JI11 �) »lllllllllllllllllllr »lllllllllllllllllllr uuuuuuuuuuuu uuuuuuuuuuui llllllffllllllltlmllli��/r, 10. Next Meeting �� 9000 10.1. N e III M � n �D euuuuuMuuiauriuch iuu3u�uuuiu2021uuuui Meetin as a mat '� Is n ///l r s )HIA &t %meeti day �i 0 10 rrrr� �r it websit w. °ail �v. m. j� o ' i ° autri meetinS are en to e ubli ;Time�` nd III order ageen a ro m ° sect t c an cann be rel E�IY1 �n de ine at What ti 11 i��✓i� % ariLoc '��t 1sin� uNyioiia fill »�r !> » 1s iiiiiii�� f »�� ire�',� i rrrrrrr0 ,°60 for adaitiQ, , iiiiin��n� a�tianP�� r „ �� ,,,,,, „,,,, ,��g �� 1g,, 'agi,� � r�;,, P. � �� ,,,,p �� ,,,, r,,,,,,,,� meeting time. Housing Department