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HomeMy WebLinkAbout2021-09-28 VLHA Agenda Vail Local Housing Authority Agenda TOWN OF h" September 28, 2021 3:00 PM 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 September 14, 2021 Minutes 5 Min. 4. Main Agenda 4.1. Resolution No. 15, 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 5-D, Savoy Villas Condominiums, Eagle County, Colorado with a Physical Address of 1200 Lions Ridge Loop, Unit 5-D, 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, 15 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. Any Action as a Result of Executive Session 5 Min. 8. Adjournment 8.1. Adjournment 5:OOPM (estimate) 9. Future Agenda Items 9.1. . Land Banking (sale of GRFA) • Investment Banker Discussion - Long Term Housing Funding 10. Next Meeting Date 10.1. Next Meeting Date October 12, 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 September 14, 2021 Minutes ATTACHMENTS: Description VLHA September 14, 2021 Minutes Vail Local Housing Authority Minutes TOWN OF &) September 14, 2021 3:00 PM Zoom 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 3:10PM. 2. Citizen Participation 2.1. Citizen Participation Maxine Hepher with Green Valley Homes and an owner of parcel of land in Buckhorn Valley introduced herself noting she is interested in the sales tax for housing funding and how the Town anticipates using those funds. 3. Approval of Minutes 3.1. VLHAAugust 24, 2021 Minutes MOTION: MOFFET SECOND: MORALES VOTE: 4-0-1 (WILKINS ABSTAINED)APPROVED with corrections 4. Main Agenda 4.1. Housing Vision - Ballot Initiative Presenter: Scott Robson, Town Manager Robson, Town Manager, Council passed ballot initiative 2A to be placed on the November ballot. Sales taxes have not increased since 1974. The increase is .05% and will be dedicated for affordable housing both in Vail and potentially down valley. Realistically the focus will be on Vail's closer neighbor: Minturn, Eagle Vail,Avon. Estimated to be raised is between 3-5 million dollars for housing. The Town had discussion meetings with various groups in Town. The poll done by Magellan indicated there was 54% positive support for the tax increase.A week from now Robson wants Ruther and Gennett, Community Development Director to provide an update to Council on projects in the works. Some of the community question if there are enough projects to warrant a tax increase. Moffet, suggested Robson remind Council about the West Vail Master Plan as well as the State Land Board parcel in Eagle Valley. He noted that funds spent down valley will create a Vail infrastructure problem. Current county transportation doesn't cover existing needs. Robson mentioned potential of a regional housing authority as potential option to work together for housing. Lindstrom asked if the housing funds will continue building in reserves until such time they are needed and the if the use of other Town funds if needed will not precluded larger need for projects if needed. Correct per Robson and other Town funds are not precluded. Lind Council put sunset of 30 years on this.After 1 sc day the Town won't be able to bond for 30 years. Do you see this fund as part of repaying bonds?Yes, per Robson. The tax is excluded on home consumed food, will be to fund housing initiatives, development and Housing programs inside and outside the Town. Moffet said in the past the Town has charged up to 15% to manage these types of funds. Is there a way to ensure funds collected are for the stated purpose and monies are not moved to the general fund for management purposes? Robson said this has not been discussed with Council at this time. Lindstrom asked what campaign rules are for the Housing Authority members. Robson does recommend discussing with Town attorney for clarity. 4.2. Short Term Rental Study Presenter: George Ruther, Housing Director Ruther asked the Authority to weigh in on EPS' short term rental scope of work. It was directed by the Council to study impacts of STRs. He asked if housing data should be part of the scope. The members agree to including housing data as part of the study. By including housing data, the Town could get a handle of homes that have transferred from long term rentals to registered short term and gain understanding of the impact STRs have had on cost of housing. Per Ruther, South Lake Tahoe prohibited any STR being issued short term licenses. They had the highest resale costs per home value since the pandemic. The question asked is how are they loosing housing if no new short term licenses are being issued. If the Authority has additional thoughts Ruther will pass along. Include in the EPS study what is the change in occupancy of homes (owner vs. rental) and what is the change in ownership. What are the impacts of other town services, i.e., police, fire, etc. Once info in hand how will help town address services needs and how to handle STR in Vail. Has EPS done similar studies in other communities? Per Ruther yes EPS is reviewing the same topics in Mountain Valley, Breckenridge and Summit county. Will the data be an ongoing updated or just for this review? Per Ruther it would be shortsighted to do study once versus continue. Finance is the department who currently tracks and manages short term rentals. Morales asked how detailed does the Town want to get?Ask do you short term your home during the year or how many weeks per year do you short term rent. Ruther noted there is a lot of uncovering to occur to gain understanding. 4.3. Deed Restriction Compliance and Enforcement Policies Recommendation Presenter: George Ruther, Housing Director and Lynne Campbell, Housing Coordinator The housing staff discussed recommendations to allow the Town to charge every EHU owner a compliance submittal fee of$250 which will be waived if owners submit by or before the February 1 deadline. Summonses will continue to be issued to non- compliant owners who may be charged up to $2,650 plus incarceration time per Town Code Section 1-4-1: GENERAL PENALTY. Authority believes there should be strong administrative and punitive fees. Review the administrative fee after the first year and adjust as needed. Discussion ensued with the Authority in favor of as strong enforcement actions required for 100% compliance plus adding an administrative fee and recommending approval to the Vail Town Council. MOTION: MOFFET SECOND: MORALES 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 PEC tabled reviewed of the West Vail Master Plan (WVMP) until September 27, 2021. PEC had concerns about rezoning of West Vail neighborhoods. Housing Authority has a list of recommendations as well the fire department. Ruther noted Commissioner Phillips noted if the town is to be successful in west vail that status quo won't be acceptable. Much of the conversation was leave character of WV the same. He stated changes will have to occur to make successful. Wilkins who serves on the Eagle County down payment assistance committee. They are seeing a leveling of use. Funding was temporarily increased from $15K to 50K to end of year. Lindstrom is meeting with the Eagle Ranch Housing Corporation. Eagle doesn't have a housing authority. He suggested it might be time to get Eagle county involved. Council candidate forum takes place on September 281h 5:30pm at Donovan Pavilion with virtual viewing options are also available. 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. 7. Any Action as a Result of Executive Session 7.1. Any Action as a Result of Executive Session No action taken. 8. Adjournment 8.1. Adjournment 4:22PM MOTION: MOFFET SECOND: McDOUGALL VOTE: 5-0 APPROVED 9. Future Agenda Items 9.1. o Land Banking (sale of GRFA) o Investment Banker Discussion - Long Term Housing Funding 10. Next Meeting Date 10.1.Next Meeting Date September 28, 2021 10.2. Future Meeting Dates: October 12, 2021 October 26, 2021 November 9, 2021 November 23, 2021 December 14, 2021 December 28, 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: Resolution No. 15, 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 5-D, Savoy Villas Condominiums, Eagle County, Colorado with a Physical Address of 1200 Lions Ridge Loop, Unit 5-D, Vail Colorado; and Setting Forth Details in Regard Thereto. ATTACHMENTS: Description Resolution No. 15, Series of 2021 RESOLUTION NO. 15 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 5-D, SAVOY VILLAS CONDOMINIUMS, EAGLE COUNTY, COLORADO WITH A PHYSICAL ADDRESS OF 1200 LIONS RIDGE LOOP, UNIT 5-D, 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 5-D, Savoy Villas Condominiums, Town of Vail, Eagle County, Colorado with a physical address of 1200 Lions Ridge Loop, Unit 5, 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$75,750. 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 28t" day of September, 2021. Steve Lindstrom, Chairman of the Vail Local Housing Authority ATTEST: Lynne Campbell, Secretary of the Vail Local Housing Authority Resolution No. 15, Series of 2021