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2021-04-27 VLHA AGENDA
Vail Local Housing Authority Agenda TOWN OF ffl .4 April 27, 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. Zoom Meeting 2 (post executive session) 1.3. Call to Order 2. Citizen Participation 2.1. Citizen Participation 5 Min. 3. Approval of Minutes 3.1. VLHA Meeting Minutes April 13, 2021 5 Min. 4. Main Agenda 4.1. Deed Restriction Values 30 Min. Presenter: Tim Zarleno, George K Baum &Associates 4.2. Inclusionary Zoning, Commercial Linkage and Residential Linkage 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, 30 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 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/Inclusionary Zoning and Adopted Housing Policy Review • Investment Banker Discussion - Long Term Housing Funding 10. Next Meeting Date 10.1. Next Meeting Date May 11, 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 language interpretation 48 hours prior to meeting time. Housing Department TOWN OF VAO VAI L LOCAL HOUSING AUTHORITYAGENDA MEMO ITEM/TOPIC: VLHA Meeting Minutes April 13, 2021 ATTACHMENTS: Description VLHA Meeting Minutes April 13, 2021 Vail Local Housing Authority Minutes TOWN OF i April 13, 2021 3:00 PM Virtual Meeting 75 S. Frontage Road -Vail, Colorado, 81657 PRESENT ABSENT Steve Lindstrom Molly Morales Mary McDougall Greg Moffet James Wilkins STAFF George Ruther, Housing Director Lynne Campbell, Housing Coordinator 1. Call to Order 1.1. Zoom Meeting 1 (call to order pre-executive session) 1.2. Zoom Meeting 2 (post executive session) 1.3. Call to Order A quorum is present. Lindstrom called the meeting to order at 3:02PM. 2. Citizen Participation 2.1. Citizen Participation No public comment. 3. Approval of Minutes 3.1. VLHA Meeting Minutes March 9, 2021 MOTION: MOFFET SECOND: MC DOUGALL VOTE: 5-0 APPROVED 4. Main Agenda 4.1. Dedicated Source of Funding for Housing Programs and Developments Presenter: George Ruther, Housing Dir; David Flaherty, Magellan Strategies; and David Cunningham, Summit Information Ruther, Cunningham and Flaherty provided an overview regarding the need for a housing long term funding source, next steps and goals. In 2019 the community was polled and based on feedback the Town held off moving forward submitting a long term housing source ballot initiative. Housing reengaged with Magellan and Summit Information Services to again poll the community, to engage public. There are opportunities for marketing special events and economic development. Flaherty stated the goal is to bring the public up to speed, educate, engage and facilitate discussion with the community. • Facility community conversations • Solicit feedback • Compile a report to share general consensus with Authority and Council Ruther reviewed the presentation with the Authority. Discussion ensued and is summarized below. • The 3-fold approach needs to be reversed to the following order: o Environmental sustainability o Economic development o Maintaining community • The cost per deed restriction for Vail InDEED is likely to increase as real estate values rise. The VLHA will need to respond accordingly. • The Town's financial participation using deed-restriction purchases is a preferred approach. However, buying in larger quantities similar to Solar Vail is needed to make a difference. • The dedicated source of funding needs to be large enough to make a difference as the VLHA is concerned this will become the only source of funding for housing. Once a fund is created, access to capital project funds will be reduced or eliminated. • Housing solutions need to be broad based with a diverse range of product types and price points and avoid only for rent housing for workforce. More than for-rent developments are needed. Without a broad spectrum we face the likelihood of leaving out the middle classes. • There is a lack of internal alignment around addressing the housing issue. We need to get back to a culture of getting to yes and working towards solutions. • The problem will persist until we hit rock bottom. (i.e. Sweet Basil closing). How do we personalize the problem? • What is the apocalyptic scenario? Does that approach to messaging further the effort? • Down valley solutions, while possible, create a new layer of problems that require solutions. (traffic, parking, readiness, sustainability, etc.). Avoid solving one problem just to create another. • If the Town had a pile of cash, what would we do with the money? The community does not support housing in the Town of Vail. (West Middle Creek, Cascade Tennis Courts, Booth Heights, Vail Commons, Arosa Duplex, North Trail Townhomes, Red Sandstone, etc.) What is the fear? • The Town currently has a private developer with private equity and private land wishing to build deed restricted housing in Vail and the answer is still no. Very little has changed. • Support for a Vail-only long-term funding source is waning amongst the VLHA. Maybe it is time to take a regional approach with a regional funding solution. 4.2. Resolution No. 7, 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-5, HEATHER OF VAIL CONDOMINIUMS, Eagle County, Colorado with a Physical Address of 5197 Black Gore Drive, Unit B-5, Vail Colorado; and Setting Forth Details in Regard Thereto. Presenter: Lynne Campbell, Housing Coordinator MOTION: WILKINS SECOND: MOFFET 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 There was no discussion. 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 Moffet motioned to leave the regular meeting and enter executive session. MOTION: MOFFET SECOND: MORALES VOTE: 5-0 APPROVED 7. Any Action as a Result of Executive Session 7.1. Action as a Result of Executive Session MOTION: MC DOUGALL SECOND: MOFFET VOTE: 5-0 APPROVED 8. Adjournment 8.1. Adjournment 5:OOPM (estimated time) MOTION: MOFFET SECOND: MC DOUGALL VOTE: 5-0 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 - Long Term Housing Funding 10. Next Meeting Date 10.1. Next Meeting Date April 27, 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. 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