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Home My WebLink About2021-07-13 VLHA Agenda Vail Local Housing Authority Agenda TOWN OF VAILA July 13, 2021 3:00 PM Virtual Meeting 75 S. Frontage Road -Vail, Colorado, 81657 1. Call to Order 1.1. Zooni li' eetiic g 1 (call to order pre-executive session) 1.2. Zooni li' eetiic g 2 (post executive session) 1.3. Call to Order 5 Min. 2. Citizen Participation 2.1. Citizen Participation 5 Min. 3. Approval of Minutes 3.1. VLHA June 22, 2021 Minutes 5 Min. 4. Main Agenda 4.1. Resolution No. 10, Series of 2021, A Resolution Approving the Purchase of a 5 Min. Deed Restriction Interest in Property (Type I I I Deed Restriction) in the Town of Vail Legally Described as Unit B, Building 1, Sandstone 70, Eagle County, Colorado with a Physical Address of 905 Red Sandstone Road, Unit 1 B, Vail Colorado; and Setting Forth Details in Regard Thereto. Presenter: Lynne Campbell, Housing Coordinator 4.2. Proposed 2022 Town of Vail Draft Budget Recommendations 20 Min. Presenter: George Ruther, Housing Director 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. • Deed Restriction Compliance and Enforcement Policies Recommendation • Public Health Housing I ncentive, Eagle County Health • Land Banking (sale of GRFA) • 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 July 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. 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 IL, VAIL LOCAL HOUSING AUTHORITYAGENDA MEMO ITEM/TOPIC: VLHA June 22, 2021 Minutes ATTACHMENTS: Description VLHA June 22, 2021 Minutes Vail Local Housing Authority Minutes T ' F &) June 22, 2021 3:00 PM Virtual 75 S. Frontage Road -Vail, Colorado, 81657 ........ ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ............. PRESENT ABSENT Steve Lindstrom Molly Morales Mary McDougall James Wilkins Greg Moffet, joined at executive session 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 Lindstrom call the meeting to order at 3:02 PM as a quorum is present. 2. Citizen Participation 2.1. Citizen Participation There is no public comment. 3. Approval of Minutes 3.1. VLHA June 8, 2021 Minutes MOTION: WILKINS SECOND: MC DOUGALL VOTE: 3-0 APPROVED 4. Main Agenda 4.1. Resolution No. 8, 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 Unit 5Q, Pitkin Creek Park, Phase I, Eagle County, Colorado with a Physical Address of 3931 Bighorn Road, Unit 5Q, Vail Colorado; and Setting Forth Details in Regard Thereto. Presenter: Lynne Campbell, Housing Coordinator MOTION: MC DOUGALL SECOND: WILKINS VOTE: 3-0 APPROVED 4.2. Resolution No. 9, 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 B207, Homestake at Vail Condominiums, Eagle County, Colorado with a Physical Address of 1081 Vail View Drive, Unit B207, Vail Colorado; and Setting Forth Details in Regard Thereto. Presenter: Lynne Campbell, Housing Coordinator MOTION: MC DOUGALL SECOND: WILKINS VOTE: 3-0 APPROVED 5. Matters from the Chairman and Authority Members 5.1. Matters from the Chairman and Authority Members Presenter: Steve Lindstrom, Chairman Semi-annual housing update to be presented on July 6 in the afternoon. Members agreed to continue meeting virtually for the time being. Ruther informed the members EPS and Housing provided commercial and residential linkage to Council which appears to support. EPS and Housing will provide two on two meetings with Council to review the data in more detail. Ruther requested EPS share real life examples. He believes it's time to move the discussion to PEC with VLHA recommendation. Ruther suggested the Authority continue to be a working group with staff providing recommendations. Using deed restrictions as assets for future projects will be discussed at the July 131h Authority meeting. On the July 61h afternoon session, Council will hear from polling strategists, Magellan Strategies, regarding follow up polling for a dedicated housing funding source. Adjourn to executive session. MOTION: MC DOUGALL SECOND: WILKINS VOTE: 3-0 APPROVED 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 The Authority reentered the regular meeting at 3:37PM. Member Moffet joined the meeting at the beginning of executive session. All members present except Morales. 7. Any Action as a Result of Executive Session 7.1. Any action as a result of executive session. Moffet recommend staff continue with Vail InDEED negotiations as discussed in executive session. MOTION: MOFFET SECOND: MC DOUGALL VOTE: 4-0 APPROVED 8. Adjournment 8.1. Adjournment 3:45 PM MOTION: MOFFET SECOND: MC DOUGALL VOTE: 4-0 APPROVED 9. Future Agenda Items 9.1. • Deed Restriction Compliance and Enforcement Policies Recommendation • Public Health Housing Incentive, Eagle County Health • Land Banking (sale of GRFA) • 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 July 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 language interpretation 48 hours prior to meeting time. Housing Department TOWN OF IL, VAIL LOCAL HOUSING AUTHORITYAGENDA MEMO ITEM/TOPIC: Resolution No. 10, Series of 2021,A Resolution Approving the Purchase of a Deed Restriction Interest in Property(Type I I I Deed Restriction) in the Town of Vail Legally Described as Unit B, Building 1, Sandstone 70, Eagle County, Colorado with a Physical Address of 905 Red Sandstone Road, Unit 1 B, Vail Colorado; and Setting Forth Details in Regard Thereto. ATTACHMENTS: Description Resolution No. 10, Series of 2021 RESOLUTION NO. 10 Series of 2021 RESOLUTION APPROVING THE PURCHASE OF A DEED RESTRICTION INTEREST IN PROPERTY (TYPE III DEED RESTRICTION) IN THE TOWN OF VAIL LEGALLY DESCRIBED AS UNIT B, BUILDING 1, SANDSTONE 70, EAGLE COUNTY, COLORADO WITH A PHYSICAL ADDRESS OF 905 RED SANDSTONE ROAD, UNIT 113, VAIL COLORADO; AND SETTING FORTH DETAILS IN REGARD THERETO. WHEREAS, the Vail Local Housing Authority (the"Authority"), in the Town of Vail, County of Eagle and State of Colorado is duly organized 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 a Type III Deed Restriction (the "Deed Restriction") on the property legally described as Unit B, Building 1, Sandstone 70, Town of Vail, Eagle County, Colorado with a physical address of 905 Red Sandstone Road, Unit 1 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 of the Deed Restriction on the Property is hereby approved by the Authority at the maximum purchase price of$76,800. 2. The Chairman of the Vail Local Housing Authority is hereby authorized to execute, on behalf of the Town, an agreement to purchase the Deed Restriction and to take whatever steps are necessary to complete the purchase of the Deed Restriction on the Property. 3. This resolution shall take effect immediately upon its passage. INTRODUCED, PASSED AND ADOPTED at a regular meeting of the Vail Local Housing Authority of the Town of Vail held this 13t" day of July, 2021. Steve Lindstrom, Chairman of the Vail Local Housing Authority ATTEST: Lynne Campbell, Secretary of the Vail Local Housing Authority Resolution No. 10, Series of 2021 TOWN OF IL, VAIL LOCAL HOUSING AUTHORITYAGENDA MEMO ITEM/TOPIC: Proposed 2022 Town of Vail Draft Budget Recommendations ATTACHMENTS: Description 2018-30 Town Council Resolution Housing Policy Statements RESOLUTION NO. 30, SERIES 2018 A RESOLUTION ADOPTING THE 2018 TOWN OF VAIL HOUSING POLICY STATEMENTS, AND SETTING FORTH DETAILS IN REGARD THERETO WHEREAS, the Vail Town Council has adopted the vision "To Be The Premier International Mountain Resort Community"; WHEREAS, through Resolution No. 29, Series 2016, the Town Council adopted Vail Housing 2027, "A Strategic Plan for Maintaining and Sustaining Community through the Creation and Support of Resident Housing in Vail" (the "Plan"); WHEREAS, the single goal of the Plan is for "The Town of Vail to acquire 1,000 additional resident housing deed-restrictions by the year 2027; WHEREAS, according to the 2018 Town of Vail Community Survey results, the availability and affordability of housing is the most critical issue facing the Vail community; and, WHEREAS, through the adoption of housing policy statements, it is the Vail Town Council's intent to articulate the approaches the Town will take to realize its vision, achieve its housing goal, and address the most critical issue...housing...facing the Vail community. NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF VAIL: Section 1. The Vail Town Council hereby adopts the following housing policy statements, hereafter referred to as the "2018 Town of Vail Housing Policy Statements": #1 Housing IS Infrastructure - Deed-restricted homes are critical infrastructure in Vail. #2 Housinq Partners — We use public/private partnerships and actively pursue local and regional solutions to increase the supply of deed- restricted homes. #3 Private Sector Imtaortance — We foster a proactive and solutions- oriented environment that promotes private sector investment to create deed-restricted homes. #4 Leverage Financial Strength — We will use our financial strength and acumen to acquire deed-restrictions. 1 #5 Breakdown Barriers — We align our land use regulations, building and energy conservation codes to achieve our vision and housing goal, and development applications are thoroughly, timely and efficiently reviewed....getting to "yes" is our shared objective. #6 Funding Creates Deed-Restrictions — We pursue a predictable, consistent and reliable source of funding to obtain deed-restrictions and maintain the Town's housing programs. #7 People Promote Community — We ensure opportunity and access to the Town's housing programs and initiatives through a clear, equitable, and easy to administer process for housing selection. #8 No Net Loss - No net loss of resident-occupied, deed-restrictions. #9 Keep Up With Demand - New development, both residential and commercial, is obligated to mitigate its incremental impact on the demand for resident-occupied, deed-restricted homes. Payment in lieu, while needed, is not the preferred method of mitigation. #10 Funding is Policy — The Vail Town Council will fund housing opportunities and solutions. INTRODUCED, READ, APPROVED AND ADOPTED this 17th day of Jul 018. aye Chapi , Mayor 4ave Ch A V� P c nn n Clerk N OP L z� �(0 oORATEP 2