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HomeMy WebLinkAbout2022-07-26 VLHA Minutes Vail Local Housing Authority Minutes July 26, 2022 3:00 PM Town Council Chambers and Hybrid on Zoom 75 S. Frontage Road - Vail, Colorado, 81657 PRESENT ABSENT Steve Lindstrom Kristin Williams Craig Denton James Wilkins Dan Godec STAFF George Ruther, Housing Director Martha Anderson, Housing Coordinator Missy Johnson, Housing Coordinator 1. Call to Order 1.1. Zoom Meeting 1 (pre-executive session) There is a quorum present. Meeting started at 3:07 p.m. 1.2. Zoom Meeting 2 (post executive session) 1.3. Call to Order 2. Citizen Participation 2.1. Citizen Participation There are no comments. 3. Approval of Minutes 3.1. VLHA June 28, 2022 Minutes MOTION: WILKINS SECOND: DENTON VOTE: 3-0 APPROVED 4. Main Agenda 4.1. Colorado Housing Policy in Action Presenter: Representative Dylan Roberts Tabled until a later date. 4.2. Vail InDEED Finance Overview Presenter: Carlie Smith, Town of Vail Finance Historical look back to how Vail InDEED was funded and where some of those funds came from. Usually, the Vail InDEED program is funded with a $2.5 million transfer from the capital projects fund, however, in 2020 we also added funds from the sale of a parcel near Chamonix Vail and savings from Solar Vail. Each year, any unused funds are reappropriated and they roll forward the following year. The InDEED purchases are approved by the VLHA. The Town of Vail Housing fund is funded separately with a transfer from the Capital Projects Fund as funds are needed. If a Town of Vail owned property is then sold back to the community, we will use Vail InDEED funds to cover the gap in the deed restriction purchase. Wherever the remaining funds are, they will go back to the capital fund. Some of Vail InDEED funds were appropriated to be used for Residences at Main Vail in 2021, $3.5M. There was an excess amount Vail InDEED funds. In 2022, the Town has invested $287,000 in Vail InDEED deed restrictions. Currently, there is not a specific fund for Vail InDEED. There is a Housing Fund that tracks all community housing funds and including Vail InDEED and tracked through project codes. Housing Staff will work with Carlie Smith to separate the housing program dollars to track those three funds to create more transparency to the public on a quarterly basis. Sales tax housing fund, $4.5M is allocated but a specific use has been allocated and is in the Town Housing Fund These include: - VHLA balance sheet basic admin/authority budget and excludes the housing funds - Housing Fund InDEED funds are tracked within this fund, along with other community housing projects - Capital Fund tracks Town of Vail owned housing, employee rental units VLHA member requested the above tracking to include the committed and closed Vail InDEED funds. Wilkins moved to leave the regular meeting and enter executive session. 3:24 p.m. MOTION: WILKINS SECOND: DENTON VOTE: 4-0 APPROVED 4.3. VLHA 101: 2027 Strategic Housing Plan Presenter: George Ruther and Steve Lindstrom Tabled until a later date. 4.4. EHU Leave of Absence Request for Review Presenter: Martha Anderson, Housing Coordinator and George Ruther, Housing Director Review of memo in request from a TOV staff for a leave of absence from a TOV staff that currently lives and owns in deed restricted housing, which requires owner occupancy. There is a provision that allows the owner to leave for a pre-determined amount of time as approved by the VLHA but the renter must follow the guidelines of a qualified tenant to be consistent with the Housing Guidelines. The VLHA will review the proposed lease, employment verification responsibility and financial terms and dates of the lease. Guidelines prevent the VLHA from allowing beyond a one year of absence. The owner will need to apply again for the extension of the second year. If something were to change or not meet compliance, we would pursue whatever remedies are available to us. Motion to grant this one -year leave of absence and instruct staff to communicate that to the individual subject to review of lease and employment with opportunity to apply for the extension with no guarantees. MOTION: WILKINS SECOND: DENTON 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 Lindstrom mentioned upcoming events relevant for Authority members including a presentation by Dylan Roberts at the Avon Public Library and a joint session nd with Town Council on Tuesday, August 2. 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: Real Property Acquisitions. Presenter: Martha Anderson, Housing Coordinator and Missy Johnson, Housing Coordinator 7. Any Action as a Result of Executive Session 7.1. Any Action as a Result of Executive Session directing staff to pursue the direction that were given 8. Adjournment a. Adjournment 4:05 p.m. MOTION: WILKINS SECOND: DENTON VOTE: 3-0 APPROVED 9. Future Agenda Items 9.1. Land Banking (sale of GRFA) Investment Banker Discussion Update to Vail Housing 2027 Continuation of VLHA 101 Colorado Housing Policy in Action 10. Next Meeting Date a. Next Meeting Date August 9, 2022 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.