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Home My WebLink About2023-01-10 VLHA Minutes VailLocalHousingAuthority MinutesJanuary10,2023 3:00PM TownCouncilChambersandVirtuallyviaZoom 75S.FrontageRoad-Vail,Colorado,81657 PRESENTABSENT SteveLindstromJamesWilkins CraigDenton KristinWilliams DanGodec STAFF MarthaAnderson,HousingCoordinator MissyJohnson,HousingCoordinator 1.CalltoOrder 1.1.CalltoOrderat3:03p.m.withaquorumpresent. 2.CitizenParticipation 2.1.CitizenParticipation Therearenocomments. 3.ApprovalofMinutes 3.1.VLHADecember13,2022Minutes MOTION:WILLIAMS SECOND:GODEC VOTE:4-0APPROVED 4.MainAgenda 4.1 ResolutionNo.1Seriesof2023,AResolutionAdoptingaBudgetandMaking AppropriationstoPaythecosts,ExpensesandLiabilitiesoftheVailLocalHousingAuthority, foritsFiscalYearJanuary1throughDecember31,2023 Presenter(s):CarlieSmithFinanceDirector Smithpresentedthe2023budgetforAuthorityapproval.Sheansweredquestionsfromthe AuthorityregardingspecificbudgetbucketsandconfirmedthattheAuthoritymayincreaseor decreasethebudgetedexpensesinthefuture. Smithconfirmedthatshewouldfollow-upbyprovidingthebudgetofestimatedhours pertainingtothefeesandquarterlyupdates. Thegroupagreedtoeditthe2023BudgetedTransactionsinProfessionalFeessothe MunicipalCapitalMarketGroupTimZarlingoischangedtoreflectageneralplaceholderfor thetopic,asaguestimate,asthegroupcontinuestoexploreopportunitiesinbankingand bonds. Discussionensuedaroundthebudgetandtopprioritiesfor2023.Theentitlement streamliningisthetoppriorityasitishappeningacrossthestateandthecountry.Thegroup iscommittedtoworkingwithcommunitydevelopmentandanoutsideprofessionalfor assistance. butifthe Authorityweretoissuebondsinthefuture,thatwouldbepartofanaudit. Amotionwaspassedtoapprovethebudgetfor2023. MOTION:DENTON SECOND:WILLIAMS VOTE:4-0APPROVED 4.2 TimberRidgeRedevelopmentandWestMiddleCreekParcelUpdate Presenter(s):GeorgeRuther,HousingDirector RutherwasunavailableforthemeetingsoSteveLindstrom,Chairman,providedaquick overview. Asofnow,WestMiddleCreekpassedsecondreadingatTownCouncil.Nextitemsinclude soilsamplesandsiteprepwork. TimberRidgeismovingthroughabudgetingprocesswithanupdatetoCouncilintwoweeks. 4.3 CooperativeHousingInformationUpdate Presenter(s):SteveLindstrom,ChairmanandDanGodec,VLHABoardMember Godec,Lindstrom,RutherandCogginmetwithRichMorriswhoisalocalresidentwith experienceinco-opsanddiscussedadditionalwaystobridgeownershipissues.Heiswilling tovolunteerhistimetofurthereducatetheAuthority. Godecexplainedthebackgroundoftheco-opbuildingownershipandbenefitspossibly providedfortenants.DiscussionensuedaroundthevariancebetweenHOAandaco-op whichwouldlesseningthefinancialcommitmentandlesseningtheriskinresidential ownership. 5.MattersfromtheChairmanandAuthorityMembers 5.1.MattersfromtheChairmanandAuthorityMembers Presenter:SteveLindstrom,Chairman Williamsremindedthegrouptowatchforadditionalinformationasfollow-uptothe implementationoftheadditionalsalestaxpassingandtheformationofanRTAtransit system.January1,2023. DylanRoberts,thenewStateSenatorhashitthegroundrunningintroducingsomenew housinglegislationandthedesiretobealeaderinrefiningtheentitlementprocess. Denton,metwithAmyReid,DirectorandMikeSeguin,newChairmanoftheVailBoardof Realtorsanddiscussedtheopportunityforcollaborativeefforts.Sequincomestotheboardwith desiretohelpwithresidentialhousing.Reidhasgoodideasandtheyunderstandthevalueof beingmorevocalaboutwhatisneededforresidential/workforcehousing. Theauthoritywilllooktoapresentationandcollaborativediscussioninthefuture. WilliamsremindedthegroupaboutthedesiretoscheduleapresentationfromTmMcGuirewith ElevateatafutureAuthoritymeeting.ThedatawouldlikelybeverygoodforVBRtounderstand aswell. atGrandHyatt-Vail.Habitatis goingfrom8homestartsto24homestartsin2023. Godecremindsthegrouptobeawareofthefundingsources,beinthequeueand understandingcriteria.Privateequitygroupsareinterestedinworkforcehousingtomeet demand. 6.Adjournment 6.1Adjournment3:40p.m. MOTION:WILLIAMS SECOND:GODEC VOTE:5-0APPROVED 7.FutureAgendaItems VailStrategicHousingPlan2027 LandBanking InvestmentBankerDiscussion VailBoardofRealtors(VBR)Discussion EagleCountyGISAnalysisbyElevate CrossHarborCapital 8.NextMeetingDate 8.1January24,2023 MeetingagendasandmaterialscanbeaccessedpriortomeetingdayontheTownof Vailwebsitewww.vailgov.com.Allhousingauthoritymeetingsareopentothepublic. Timesandorderofagendaareapproximate,subjecttochange,andcannotberelied upontodetermineatwhattimetheVailLocalHousingAuthoritywilldiscussanitem. Pleasecall(970)479-2150foradditionalinformation.Pleasecall711forsignlanguage interpretation48hourspriortomeetingtime.