HomeMy WebLinkAbout2021-06-08 VLHA Agenda.Revised Vail Local Housing Authority Agenda
TOWN OF j' June 8, 2021
3:00 PM
Virtual Meeting
75 S. Frontage Road -Vail, Colorado, 81657
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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 5 Min.
1.4. VLHA Vote for Chairman 5 Min.
2. Citizen Participation
2.1. Citizen Participation 5 Min.
3. Approval of Minutes
3.1. VLHA May 11, 2021 Minutes 5 Min.
3.2. VLHA May 25, 2021 Minutes 5 Min.
4. Main Agenda
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
7.1. Action As Results 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/Inclusionary Zoning and
Adopted Housing Policy Review
• Investment Banker Discussion - Long Term Housing Funding
10. Next Meeting Date
10.1. Next Meeting Date June 22, 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
TO j� '
VAIL LOCAL HOUSING AUTHORITYAGENDA MEMO
ITEM/TOPIC: VLHA May 11, 2021 Minutes
ATTACHMENTS:
Description
VLHA May 11, 2021
Vail Local Housing Authority Minutes
TOF VAOWN May 11, 2021
3:00 PM
Virtual
75 S. Frontage Road -Vail, Colorado, 81657
PRESENT ABSENT
Steve Lindstrom
Mary McDougall
James Wilkins
Molly Morales
Greg Moffet
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 being present, Lindstrom called the meeting to order at 3:09PM.
2. Citizen Participation
2.1. Citizen Participation
No public comments.
3. Matters from the Chairman and Authority Members
3.1. Matters from the Chairman and Authority Members
Presenter: Steve Lindstrom, Chairman
Lindstrom, Eagle County is about to declare individuals making 100% of AMI is now
considered low income.
Ruther reminded the Authority has the ability to take an ownership interest in a
development entity of a development project to allow for a real estate property tax
exemption to be granted. An exemption approval is pending the Authority's ability to
provide evidence the development serves persons of low income. Colorado statue for
low income is undefined. It has been left up to Authority's to define their definition of low
income. The statue states persons of low and moderate income. Commissioners took
under advisement which is what was in the Vail Daily article. Commissioners are
looking to put a tighter framework of low income. An exemption would not extend
beyond 15 years. The Eagle County Housing and Development Authority (ECHDA)
recommended give Commission some latitude.
Magellan Strategies and Summit Information Services put out statewide poll regarding
housing issues. Results noted more than 1/2 respondents want government more
involved in housing. Strong interest in rent restrictions. Lindstrom is not in favor of any
rent controls.
Morales acknowledged the valley is experiencing extremely high rental and sales rates.
Colorado Sun published an article regarding resort area housing issues.
Discussion ensued between the members regarding the overall housing issues in the
United States and the valley.
Moffet made a motion to leave the regular meeting and enter executive session.
MOTION: MOFFET SECOND: MORALES VOTE: 5-0 APPROVED
4. Executive Session
4.1. 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
5. Any Action as a Result of Executive Session
5.1. Action As Result of Executive Session
Moffet made a motion for staff to continue with Vail InDEED negotiations as discussed
in executive session.
MOTION: MOFFET SECOND: MORALES VOTE: 5-0 APPROVED
6. Adjournment
6.1. Adjournment 5:OOPM (estimated time)
Moffet motioned to adjourn the meeting at 3:50PM.
MOTION: MOFFET SECOND: MORALES VOTE: 5-0 APPROVED
7. Future Agenda Items
7.1.
• 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
8. Next Meeting Date
8.1. Next Meeting Date May 25, 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
TO j� '
VAIL LOCAL HOUSING AUTHORITYAGENDA MEMO
ITEM/TOPIC: VLHA May 25, 2021 Minutes
ATTACHMENTS:
Description
VLHA May 25, 2021 Minutes
Vail Local Housing Authority Minutes
TOF VAOWN May 25, 2021
3:00 PM
Virtual
75 S. Frontage Road -Vail, Colorado, 81657
PRESENT ABSENT
Steve Lindstrom
Mary McDougall
James Wilkins
Molly Morales
Greg Moffet
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. Swearing in Vail Local Housing Authority Member Mary McDougall
Tammy Nagel, Town Clerk swore in McDougall for a five year term beginning June 1,
2021 through May 31, 2026.
1.4. Call to Order
A quorum being present, Lindstrom called the meeting to order at 3:05PM.
2. Citizen Participation
2.1. Citizen Participation
Chris Neuswanger mortgage broker provided feedback regarding Moffet's comments at
the last meeting regarding the Edwards River Park development project. Neuswanger
noted the opposition to the project had nothing to do with employee housing rather the
density of the project.
3. Approval of Minutes
3.1. VLHA Minutes April 27, 2021
MOTION: MOFFET SECOND: MC DOUGALL VOTE: 3-0 AP
Wilkins and Morales
abstained
4^ Main Agenda
4.1. Commercial Linkage / |ncJuaionory Zoning Update
Presenters: Andrew |{nudtsen & Ranhe| Qhindnnon. Economic Planning Services
EPS reviewed the most recent updates as shown on their presentation. Questions for
the Authority toconsider.
1. What is an appropriate policy goal, as expressed with a mitigation rate, for
the two programs?
2. Does the differential between fee and unit acquisition/development
address the original goals of the \/LHA?
3. Does a down valley option continue toberelevant?
4. Note need t0include administrative fee, ifdesired
Mitigation models, fee options and how they may be calculated were discussed.
VLHA concerned fee collection isn't beneficial to purchase properties since today's
market has nothing currently available. It is better to obtain onaite housing from
developers.
Summary of options based on most expensive toleast expensive mitigation
1. Fee-in-lieu
2. Create down valley restrictions, would need approval
3. Restrict a unit within the town, inomnUvize
4. Create a unit within town. inoenUvize
What kind of mitigation rate is best, commercial or residential? The Authority believes
the greatest burden should be on residential development. PerMVffet the Town has
never had o policy to require residential mitigation.
VLHA asked if there is an option to split fees based on area of development? EPS will
do a quick naviavv if splitting is poaaib|a, if not obvious they will continue with one rate.
Knudsten summarized: there shouldn't be a discount for acquiring units, start at 50% for
residential mitigation and make commercial the mitigation rate more modest.
EP8 will return with updates at the June 8. 2021 meeting.
5' Matters from the Chairman and Authority Members
5.1. Matters from the Chairman and Authority Members
Presenter: Steve Lindstrom, Chairman
Lindstrom stated the Authority needs to vote for a chairman at the next meeting.
Marriott Residence Inn at the former Roost Lodge site has begun construction for 140
accommodation units and 5 employee housing units.
Per Moffet due to real estate values going up would be to have an equity share of
restrictions.
Wilkins, who serves on down payment assistance committee, said they are anticipating
increasing from $15K to a higher number recognizing today's cost to purchase.
Campbell advised the Authority not only are for-sale homes having bidding wars so too
the rental market is experiencing the same issue.
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 new Vail InDEED applications for review.
7. Any Action as a Result of Executive Session
7.1. Action As Result of Executive Session
No action taken.
8. Adjournment
8.1. Adjournment 5:OOPM (estimated time)
Moffet motioned to adjourn the meeting at 4:57PM.
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 June 8, 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