HomeMy WebLinkAbout2023-03-14 VLHA Agenda
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Vail Local Housing Authority Minutes
Tuesday, February 28, 2023
3:00 PM
Vail Town Council Chambers
PRESENT ABSENT
Steve Lindstrom James Wilkins
Craig Denton
Dan Godec via Zoom
Kristin Williams via Zoom
STAFF
George Ruther, Housing Director via Zoom
Martha Anderson, Housing Coordinator via Zoom
Missy Johnson, Housing Coordinator
1. Call to Order
1.1 Zoom Meeting 1 (Pre-Executive Session)
1.2 Zoom Meeting 2 (Post-Executive Session)
1.3 Call to Order
Meeting called to order at 3:08 p.m. and a quorum was present.
2. Citizen Participation
2.1 Citizen Participation
No comments.
3. Approval of Minutes
3.1 VLHA February 14, 2023 Minutes
Presenter(s): Missy Johnson, Housing Coordinator
MOTION: Godec SECOND: Williams PASSED: (3- 0) ABSTAINED: (1)
4. Main Agenda
4.1 Resolution No. 4, Series of 2023, a Resolution Authorizing a Professional Services
Agreement with Sherman & Howard, LLC for Public Finance Consultation
Presenter(s): Missy Johnson, Housing Coordinator
Vail Local Housing Authority Meeting Minutes of February 28, 2023
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MOTION: Williams SECOND: Denton PASSED: (4 - 0)
5. Matters from the Chairman and Authority Members
5.1 Matters from the Chairman and Authority Members
Presenter(s): Steve Lindstrom, Chairman
Lindstrom mentioned an open contract from Dominic Mauriello regarding the research and next
steps for discussion of the development entitlement process.
Ruther mentioned that on March 7, 2023, The Timber Ridge Redevelopment Committee will be
presenting the proposed plan and proforma for the development to the Town Council Meeting.
We will also talk more about a development funding approach.
Ruther mentioned an additional item that the Authority may be interested participating. On March
7th, 2023 the Council will consider a resolution authorizing and approving a memorandum of
understanding between the Town of Vail and other Municipalities and County in conversations to
being the conceptual planning and due diligence work, that begins to formulate and create a
planning committee for the EagleVail State Land Board Parcel.
The authority has interest in reviewing the list of EHUs and Vail InDeed residences in Town of Vail
for a future meeting.
Wiliams made a motion made to exit regular session and enter executive session.
MOTION: Williams SECOND: Denton PASSED: (4 - 0)
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(s): Missy Johnson, Housing Coordinator
7. Any Action as a Result of Executive Session
7.1 Any Action as a Result of Executive Session
The Authority returned to the regular session of the VLHA meeting at 3:35 p.m. with all members present
with the exception of Wilkins.
Williams made a Motion to direct the staff to move forward as discussed in executive session.
MOTION: Williams SECOND: Godec PASSED: (4 - 0)
8. Adjournment
Craig Denton made Motion to adjourn at 3:37 p.m.
MOTION: Denton SECOND: Godec PASSED: (4 - 0)
Vail Local Housing Authority Meeting Minutes of February 28, 2023
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8.1Adjournment 5:00 PM (Estimate)
9.Future Agenda Items
9.1 Vail Housing 2027
Land Banking
Investment Banker Discussion
Review Retirement and Remote Worker Policies
Review Chamonix Vail Deed Restriction
10.Next Meeting Date
10.1Next Meeting Date March 14, 2023
Vail Local Housing Authority Meeting Minutes of February 28, 2023
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RESOLUTION NO.5
SERIES 2023
A RESOLUTION AUTHORIZING THE CHAIR OF THE VAIL LOCAL HOUSING
AUTHORITY TO SIGN A SCOPE OF PROFESSIONAL SERVICES AGREEMENT
BETWEEN THE VAIL LOCAL HOUSING AUTHORITY AND MAURIELLO PLANNING
GROUP, LLC.
WHEREAS,the Vail Local Housing Authority (the “Authority”), is duly organized
and existing under the laws of the State of Colorado;
WHEREAS, the Vail Town Council has asked for acycletime reduction ofzoning
and development review procedures;and
WHEREAS, the Authority has selected Mauriello Planning Group, LLCto provide
a scope of services to facilitate the cycle time reduction ofzoning and development review
procedures;and
WHEREAS, the Authority wishes to authorize the Chair of the Authority to execute
a scope of professional services agreement with Mauriello Planning Group, LLC for work
associated with creating a reduction of time for the zoning and development review
procedures;and
NOW THEREFORE, LET IT BE RESOLVED BY THE VAIL LOCAL HOUSING
AUTHORITY OF VAIL, COLORADO, AS FOLLOWS:
The Authority hereby authorized the Chair of the Authority to enter into a scope of
professional services agreement with Mauriello Planning Group, LLCon behalf of the
Authority in substantially the same form as attached hereto as Exhibit Aand in a form
approved by the Town Attorney.
This Resolution shall take effect immediately upon its passage.
Introduced, passed and adopted at a regular meeting of The Vail Local Housing
th
Authorityheld this 14day of March, 2023.
______________________________
Steve Lindstrom, Chair, VLHA
ATTEST:
____________________________
Martha Anderson, VLHA, Secretary
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EXHIBIT A
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RESOLUTION NO. 6
Series of 2023
RESOLUTION APPROVING THE PURCHASE OF A DEED RESTRICTION INTEREST IN
PROPERTY (TYPE III DEED RESTRICTION) IN THE TOWN OF VAIL LEGALLY
DESCRIBED AS PITKIN CREEK PARK UNIT 7N, EAGLE COUNTY, COLORADO WITH A
PHYSICAL ADDRESS OF 3961 BIGHORN ROAD, UNIT 7N, VAIL COLORADO; AND
SETTING FORTH DETAILS IN REGARD THERETO.
WHEREAS, the Vail Local Housing Authority (the ÐAuthorityÑ), 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 ÐDeed RestrictionÑ) on the property legally
described as Pitkin Creek Park 7N, Town of Vail, Eagle County, Colorado with a physical address
of 3971 Bighorn Rd Unit 7N, Vail Colorado (the ÐPropertyÑ); 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 $119,700.
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
th
Housing Authority of the Town of Vail held this 14 day of March 2023.
Steve Lindstrom,
Chairman of the Vail Local Housing Authority
ATTEST:
Melissa Johnson,
Secretary of the Vail Local Housing Authority
Resolution No. 6, Series of 2023
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STATE OF COLORADO )
)
COUNTY OF EAGLE ) SS.
)
HOUSING AUTHORITY OF )
THE TOWN OF VAIL, COLORADO )
The Board of Commissioners (the “Board”) of the Housing Authority of
the Town of Vail, Colorado, dba Vail Local Housing Authority (the “Authority”), met in regular
session, in full conformity with law and the rules of the Authority, at 75 S. Frontage Road West,
Vail, Colorado, being the regular meeting place of the Board, on Tuesday, March 14, 2023, at the
hour of 3:00 p.m. Upon roll call, the following were found to be present, in person or by
telephone, constituting a quorum:
Present:
Chair: Steve Lindstrom
Commission Members: Craig Denton
Dan Godec
James Wilkins
Kristin Williams
Absent:
There were also present:
Housing Director,
Town of Vail George Ruther
constituting all the members of the Board.
Thereupon, the following proceedings, among others, were had and taken:
Commissioner ______________ introduced in typewritten form a
resolution, which resolution was thereupon read by title, copies thereof having been distributed
to all members of the Board and to those members of the public in attendance, and which
resolution is as follows:
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RESOLUTION NO. ______
A RESOLUTION OF THE HOUSING AUTHORITY OF
THE TOWN OF VAIL, COLORADO, EXPRESSING THE
INTENT OF THE ISSUER TO BE REIMBURSED FOR
CERTAIN EXPENSES RELATING TO THE
ACQUISITION, DEVELOPMENT, CONSTRUCTION AND
EQUIPPING OF THE TIMBER LINE APARTMENTS
PROJECT FOR THE PURPOSE OF RESIDENTIAL
WORKFORCE HOUSING.
WHEREAS, the Housing Authority of the Town of Vail, Colorado, dba Vail
Local Housing Authority, a public body corporate and politic of the Stateof Colorado (the
“Issuer”), is authorized and empowered by the provisions of the Housing Authorities Law, being
Part 2 of Article 4 of Title 29, Colorado Revised Statutes (the “Act”), as from time to time
supplemented and amended, to issue revenue bonds, notes or other obligations for the purpose of
providing residential housing that substantially benefits persons and families of low income; and
WHEREAS, the Board of Commissioners of the Issuer (the “Board”) has
determined that it is in the best interest of the Issuer and public interest and necessity to finance
the acquisition, development, construction and equipping of approximately 284 units of
residential workforce housing in 7 buildings known as Timber Ridge Apartments (the “Project”);
and
WHEREAS, the Issuer has determined that it is in the best interest of the Issuer
to finance theProject through either: (i) the execution and delivery of Bonds; or (ii) by any other
means legally available to the Issuer; and
WHEREAS,the Board has determined that it is necessary to make capital
expenditures to acquire and construct the Project prior to the time that the Issuer arranges for the
specific financing of such Project; and
WHEREAS,it is the Issuer’s reasonable expectation that when such financing
occurs, the capital expenditures will be reimbursed with the proceeds of the financing; and
WHEREAS,in order to comply with the provisions of the Internal Revenue Code
of 1986, as amended (the “Code”), it is the Issuer’s desire that this resolution shall constitute the
“official intent” of the Board to reimburse such capital expenditures within the meaning of
Treasury Regulation §1.150-2.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF
COMMISSIONERS OF THE HOUSING AUTHORITY OF THE TOWN OF VAIL,
COLORADO:
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Section 1. All action (not inconsistent with the provisions of this resolution)
heretofore taken by the Board and the officers, employees and agents of the Issuerdirected
toward the Bonds and the Project is hereby ratified, approved and confirmed.
Section 2. The Issuer intends to finance approximately $150,000,000 to pay
the costs of the Project, including the reimbursement of certain costs incurred by the Issuer prior
to the receipt of any proceeds of a financing, upon terms acceptable to the Issuer, as authorized
in a resolution to be hereafter adopted and to take all further action which is necessary or
desirable in connection therewith.
Section 3. The officers, employees and agents of the Issuer shall take all
action necessary or reasonably required to carryout, give effect to and consummate the
transactions contemplated hereby and shall take all action necessary or desirable to finance the
Project and to otherwise carry out the transactions contemplated by the resolution.
Section 4. The officers and employees of the Issuer are hereby authorized and
directed to take all action necessary or appropriate to effectuate the provision of this resolution.
Section 5. The Issuershall not use reimbursed moneys for purposes
prohibited by Treasury Regulation §1.150-2(h).
Section 6. This resolution is intended to be a declaration of “official intent” to
reimburse expenditures within the meaning of Treasury Regulation §1.150-2.
Section 7. If any section, paragraph, clause or provision of this resolution
shall for any reason be held invalid or unenforceable, the invalidity or unenforceability of such
section, paragraph, clause or provision shall not affect any of the remaining provisions of this
resolution.
Section 8. All acts, orders and resolutions of the Issuer, and parts thereof,
inconsistent with this resolution be, and the same hereby are, repealed to the extent only of such
inconsistency. This repealer shall not be construed to revive any act, order or resolution, or part
thereof, heretofore repealed.
Section 9. The resolution shall in full force and effect upon its passage and
approval.
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2:
PASSED AND ADOPTED this March 14, 2023.
HOUSING AUTHORITY OF THE TOWN
OF VAIL, COLORADO
(SEAL) Chair of the Board of Commissioners
ATTEST:
Member of the Board of Commissioners
56528865.1
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