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Home My WebLink About2021-11-09 VLHA Agenda Vail Local Housing Authority Agenda TOWN OF h" November 9, 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 September 28, 2021 Minutes 5 Min. 3.2. VLHA Meeting Minutes October 26, 2021 5 Min. 4. Matters from the Chairman and Authority Members 4.1. Matters from the Chairman and Authority Members 15 Min. Presenter: Steve Lindstrom, Chairman 5. Executive Session 5.1. 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 6. Any Action as a Result of Executive Session 6.1. Any Action as a Result of Executive Session 5 Min. 7. Adjournment 7.1. Adjournment 5:OOPM (estimate) 8. Future Agenda Items 8.1. • Land Banking (sale of GRFA) • Investment Banker Discussion - Long Term Housing Funding 9. Next Meeting Date 9.1. Next Meeting Date December 14, 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 28, 2021 Minutes ATTACHMENTS: Description VLHA September 28, 2021 Minutes Vail Local Housing Authority Agenda T ' F &) September 28, 2021 3:00 PM 75 S. Frontage Road -Vail, Colorado, 81657 ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- PRESENT: ABSENT: Steve Lindstrom James Wilkins Mary McDougall, arrived at 3.09 PM 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 3.05PM. Wilkins is absent. Lindstrom requested to amend the agenda and add Four Seasons resort EHU recommendation. MOTION: MOFFET SECOND: MORALES VOTE: 3-0 APPROVED 2. Citizen Participation 2.1. Citizen Participation No comments. 3. Approval of Minutes 3.1. VLHA September 14, 2021 Minutes MOTION: MOFFET SECOND: MORALES VOTE: 3-0 APPROVED 4. Main Agenda 4.1. Resolution No. 15, 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 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 MOTION: MOFFET SECOND: MORALES VOTE: 3-0 APPROVED 4.2 Four Seasons EHU Recommendation Kristen Kenny provided an introduction for Andrew Sellnau, Asset Manager for Extell aka Ex Vail LLC and Four Seasons. Extell is looking for VLHA input regarding their existing EHUs. Extell is a New York based real estate developer who purchased and recently remodeled and upgraded the Four Seasons resort. The existing 28 EHU dorm rooms (56 beds) were identified as an area for improvement. Since 2016 they have only utilized about 45% of capacity and never have hit full capacity. Housed employees tend to move to other rental properties or quit. The dorm rooms are beds only with ability to have a hot plate or instant pot, otherwise meals are in the hotel or elsewhere. Extell is proposing to move 13 units (26 beds) off site and convert that space to hotel keys. The remaining 15 units will remain onsite. Two options were presented: 1. Master lease properties to sublet to their employees 2. Offer existing employees funding or down payment assistance to place a deed restriction on an owned/purchased property. Extell's goal is not to just check boxes but provide housing which meets the employee's needs. Extell wants to encourage long term employees since the seasonal market has become more a year round resort. Discussion ensued with the Authority. Policy question, per Ruther, is there an approach to house employees which hasn't been reviewed. The Authority is not in favor of master leasing units, too many variables. Transportation may need to be included in off-site units. VLHA stated to Sillman the Town currently has an EHU exchange program which could be used. The Authority agrees it is worth pursuing other housing options since existing dorm units are not meeting the resort's need and goals. 6. Matters from the Chairman and Authority Members 6.1. Matters from the Chairman and Authority Members 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, 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 No items were reviewed. 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 3.57PM (estimate) MOTION: MOFFET SECOND: MORALES VOTE: 4-0 APPROVED 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 Meeting Minutes October26, 2021 ATTACHMENTS: Description VLHA October 26, 2021 Minutes Vail Local Housing Authority Minutes T � F &) October 26,2021 3:00 PM Virtual 75 S. Frontage Road-Vail, Colorado,81657 PRESENT ABSENT Steve Lindstrom Molly Morales, arrive post meeting Mary McDougall 3:16PM Greg Moffet James Wilkins 1. Call to Order 1.1. Call to Order A quorum is present, Lindstrom called the meeting to order at 3:OOPM. Morales was absent for meeting. Moffet made a motioned to leave the regular meeting and enter executive session. MOTION: MOFFET SECOND: WILKINS VOTE: 4-0 2. Executive Session 2.1. 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 3. Any Action as a Result of Executive Session 3.1. Any Action as a Result of Executive Session Moffet made a motioned that staff continue with Vail InDEED negotiations as discussed in executive session. MOTION: MOFFET SECOND: WILKINS VOTE: 4-0 4. Adjournment 4.1. Adjournment 3:16PM Moffet motioned to adjourn the meeting at 3:16PM. Morales joined meeting at 3:16PM after all discussions and votes occurred. MOTION: MOFFET SECOND: WILKINS VOTE: 4-0 5. Future Agenda Items 5.1. . Land Banking (sale of GRFA) • Investment Banker Discussion - Long Term Housing Funding 6. Next Meeting Date 6.1. Next Meeting Date December 14, 2021 November 23, 2021 and December 28, 2021 meetings are cancelled however they will be held should there be Vail InDEED applications for review. ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 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