HomeMy WebLinkAbout2023-04-11 VLHA Agenda
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Vail Local Housing Authority Minutes
Tuesday, March 28, 2023
3:00 PM
Virtual Meeting Via Zoom
PRESENT ABSENT
Steve Lindstrom Craig Denton
Dan Godec
James Wilkins
Kristin Williams
STAFF
Missy Johnson, Housing Coordinator
1. Call to Order
1.1 Zoom Meeting 1 (Pre-Executive Session)
1.2 Call to Order - Called to order at 3:03 p.m.
1.3 Zoom Meeting 2 (Post-Executive Session)
2. Citizen Participation
2.1 Citizen Participation - No comments.
3. Approval of Minutes
3.1 VLHA March 14, 2023 Minutes
Presenter(s): Missy Johnson, Housing Coordinator
MOTION: Williams SECOND: Godec PASSED: (4 - 0)
4. Main Agenda (15 Minutes)
4.1 2022 Year-end Financial Housing Update
Presenter(s): Carlie Smith, Finance Director
Smith presented a look at the year-end Housing Fund. A reminder that the Housing Fund
became a real financial statement fund this year with the collection of the .5% Housing Sales
Tax. Prior to 2022, it was wrapped up into the Capital Projects Fund. It collected nearly $5M for
2022.
Smith explained the Residences at Main Vail Opportunity Fee as a fee that is part of the
agreement with Triumph (Development) to build the Residences at Main Vail. This portion will
be paid out at the end of the project. While it is appropriate that this comes out of the Housing
Fund, Smith will provide more background regarding how this decision came to be.
Additional community driven projects come out of the Housing Fund through the purchase of
TOV Employee Housing and the sale of a residence.
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Smith continued to review the Vail Local Housing Authority Income Statement and Balance
Sheet.
The 2023 Budget and quarterly update will be presented at a future meeting.
4.2 Resolution No. 8, 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 Vail Das Schone Condo Unit A-17, Eagle County, Colorado with a
Physical Address of 2111 North Frontage Road West, Unit A17, Vail Colorado; and
Setting Forth Details in Regard Thereto.
Presenter(s): Missy Johnson, Housing Coordinator
Motion to approve as presented.
MOTION: Williams SECOND: Godec PASSED: (4 - 0)
4.3 Resolution No. 9, 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 Vail
Das Schone Condo Unit A-1, Eagle County, Colorado with a Physical Address of 2111 North
Frontage Road West, Unit A1, Vail Colorado; and Setting Forth Details in Regard Thereto.
Presenter(s): Missy Johnson, Housing Coordinator
Motion to approve as presented.
MOTION: Williams SECOND: Godec PASSED: (4 - 0)
5. Matters from the Chairman and Authority Members
5.1 Matters from the Chairman and Authority Member
Presenter(s): Steve Lindstrom, VLHA Chairman
Authority discussed recent news articles including the success of Habitat for Humanity and
movement in Eagle as well as the article in the Colorado Sun regarding the modular home
factory to be built in Grand Junction.
6. Executive Session
Kristen Kenny Williams made a motion to Motion to end the regular session to move into
Executive Session to Executive Session per C.R.S. §24-6-402(4)(a)(e) at 3:07 p.m.
MOTION: Williams SECOND: Wilkins PASSED: (4 - 0)
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
Presenter(s): Steve Lindstrom, VLHA Chairman
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The authority re-entered regular session at 3:34 p.m. and Godecmade a motion to
authorize staff to move forward under the guidance of the authority as discussed during
executive session.
MOTION: GodecSECOND: WilliamsPASSED:(4-0)
8.Adjournment
8.1Adjournment 5:00 PM (Estimate)
Motion to adjourn at 3:46 p.m.
MOTION: GodecSECOND: Wilkins PASSED:(4 -0)
9.Future Agenda Items
9.1
Vail Housing 2027
Land Banking
Investment Banker Discussion
Review Retirement and Remote Worker Policies within Deed
Restrictions Vail InDEED and GIS Mapping
10.Next Meeting Date
10.1Next Meeting Date April 11, 2023
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RESOLUTION NO. 10
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 PHASE III SUBDIVISION PITKIN CREEK PARK UNIT 11D, EAGLE
COUNTY, COLORADO WITH A PHYSICAL ADDRESS OF 4051 BIGHORN ROAD UNIT
11D, VAIL, COLORADO; AND SETTING FORTH DETAILS IN REGARD THERETO.
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 legally
described as Phase III Subdivision: Pitkin Creek Park Unit 11D, Town of Vail, Eagle County,
Colorado with a physical address of 4051 Bighorn Road, Unit 11D, Vail Colorado (the
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 $138,500.
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 11 day of April , 2023.
Steve Lindstrom,
Chairman of the Vail Local Housing Authority
ATTEST:
Melissa Johnson,
Secretary of the Vail Local Housing Authority
Resolution No. 10, Series of 2023
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