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Home My WebLink About2021-07-27 VLHA Agenda Vail Local Housing Authority Agenda TOWN OF h" July 27, 2021 3:00 PM Virtual Meeting 75 S. Frontage Road -Vail, Colorado, 81657 ............... ._.__ .............................. ._.__ .............................. 1. Call to Order 1.1. Zoorn IMeeting 1 (call to order pre-executive session) 1.2. Zoorn IMeeting (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 J my 13, 2021 Minutes 5 Min. 4. Main Agenda 4.1. Deed Restriction Values 30 Min. Presenter: Tim Zarlengo 4.2. Proposed 2022 Town of Vail Draft Budget Process 20 Min. Presenter: George Ruther, Housing Director 4.3. Resolution No. 11, 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 Condominium Unit 1, Sunlight North Condominiums, Eagle County, Colorado with a Physical Address of 2475 Garmisch Drive, Unit 1, Vail Colorado; and Setting Forth Details in Regard Thereto. Presenter: Lynne Campbell, Housing Coordinator 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 Incentive, Eagle County Health • Land Banking (sale of GRFA) • 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 August 10, 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 ' VAI L LOCAL HOUSING AUTHORITYAGENDA MEMO ITEM/TOPIC: VLHA July 13, 2021 Minutes ATTACHMENTS: Description VLHA July 13, 2021 Minutes Vail Local Housing Authority Minutes TOWN OF VA 1,4 July 13, 2021 3:00 P.M. Virtual Meeting 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 All members are present, Lindstrom called the meeting to order at 3:04 p.m. 2. Citizen Participation 2.1. Citizen Participation No comments 3. Approval of Minutes 3.1. VLHA June 22, 2021 Minutes MOTION: MOFFET SECOND: WILKINS VOTE: 4-0-1 APPROVED (MORALES ABSTAINED) 4. Main Agenda 4.1. Resolution No. 10, 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 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 MOTION: MOFFET SECOND: MORALES VOTE: 5-0 APPROVED 4.2. Proposed 2022 Town of Vail Draft Budget Recommendations Presenter: George Ruther, Housing Director Ruther informed the Authority the Town has begun budget review for 2022. He asked if they had input. Items discussed: • CDOT parcel in East Vail. Separate funding source needed for the entitlement process to build a for-sale development, possibly similar to Chamonix Vail. • Cascade Tennis Courts. Funds for development review process with potential public- private partnership, similar to Solar Vail. Amount to be determined. • Increase their Vail InDEED approval amount from $200K. $2.5M is listed for 2022 budget year. • Housing data, funding available in 2021 roll to 2022 and possibly increase funding for outside consultants. Other housing opportunities discussed: • 2027 Housing plan update. There is agreement to provide an update to include where we started, approvals, denials and missed opportunities. • Increase involvement home purchases (buy downs) and resales. Opportunity to create buyer assistance program thereby helping a buyer to buy a specific property. • Provide rental subsidies, approved by the Authority for critical jobs, for instance teachers, childcare, etc. • Housing incentives to owners to rent full time versus short term. • Rent assistance to stay in Town of Vail limits • Partnerships with other entities: ERWSD, Eagle County School District and the Town • Housing Asset Management System Next high level budget meeting with Council will be on July 201n Discussion ensued how the Town intended to use state allocated funds. Ruther recommended to Council to use funds for prioritizing shovel ready developments. Funding from the state may be used for rent deltas, development and purchasing housing. 5. Matters from the Chairman and Authority Members 5.1. Matters from the Chairman and Authority Members Presenter: Steve Lindstrom, Chairman Residences at Mail Vail (RMV) was denied 3-1 at the July 7th DRB meeting. Triumph will file appeal to Council for the August 3,d meeting. West Vail Master Plan has a webinar tonight at 5:30 p.m. recapping where draft is. Zoning in neighborhoods is listed in the plan. Lindstrom suggested the Authority follow and comment. 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 executive session review. 7. Any Action as a Result of Executive Session 7.1. Action As Results of Executive Session No action taken. 8. Adjournment 8.1. Adjournment 5:00 p.m. (estimated time) Meeting adjourned at 4:05 p.m. MOTION: MOFFET SECOND: MC DOUGALL VOTE: 5-0 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 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 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 TOWN OF ' VAI L LOCAL HOUSING AUTHORITYAGENDA MEMO ITEM/TOPIC: Resolution No. 11, 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 Condominium Unit 1, Sunlight North Condominiums, Eagle County, Colorado with a Physical Address of 2475 Garmisch Drive, Unit 1, Vail Colorado; and Setting Forth Details in Regard Thereto. ATTACHMENTS: Description Resolution No. 11, Series of 2021 RESOLUTION NO. 11 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 CONDOMINIUM UNIT 1, SUNLIGHT NORTH CONDOMINIUMS, EAGLE COUNTY, COLORADO WITH A PHYSICAL ADDRESS OF 2475 GARMISCH DRIVE, UNIT 1, 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 Condominium Unit 1, Sunlight North Condominiums, with a physical address of 2475 Garmisch Drive, Unit 1, 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$85,000. 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 27t" day of August, 2021. Steve Lindstrom, Chairman of the Vail Local Housing Authority ATTEST: Lynne Campbell, Secretary of the Vail Local Housing Authority Resolution No. 11, Series of 2021