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HomeMy WebLinkAbout2023-10-24 VLHA Agenda 1 2 3 Vail Local Housing Authority Minutes Tuesday, September 26, 2023 3:00 PM Vail Town Council Chambers and via Zoom PRESENT ABSENT Steve Lindstrom Craig Denton Kristin Williams James Wilkins Dan Godec via Zoom STAFF George Ruther, Housing Director Missy Johnson, Housing Coordinator 1. Call to Order 1.1 Call to Order Meeting called to order at 3:03 p.m. 1.2 Zoom Meeting 1 (Pre-Executive Session) 1.3 Zoom Meeting 2 (Post-Executive Session) 2. Citizen Participation 2.1 Citizen Participation no comments 3. Approval of Minutes 3.1 VLHA September 12, 2023 Minutes MOTION: Godec SECOND: Lindstrom PASSED: (2 - 0) OBSTAINED: (1) 4. Main Agenda 4.1 Capital Improvement Policy Proposal Presenter(s): Missy Johnson, Housing Coordinator and George Ruther, Housing Director Johnson presented a drafted red-lined copy of the Town of Vail Employee Housing Guidelines with suggested edits related to proposed capital improvement policy changes. The edits were drafted based on the authorities recommendation to update capital improvement policies to continuously meet the need to deliver housing goals. The housing staff acknowledges that any future edits, resolutions and/or suggested amendments to Master Deed Restrictions will also either need to be accepted by the current owners or be put into place for future owners. The fundamental change is that maximum resale price would still be calculated and capital improvement costs to be credited. There would also be an expectation that there are certain systems in the home that must be in working order, otherwise that cost amount would be deducted from the cost of the home. 4 Town of Vail is currently in negotiation for a property to purchase and the inspection is taking place to determine if any non-functioning systems i.e. a working water heater. There will not be a negotiated sales price and the process is meant to more so equally balance the scales of the sales process. The next steps are to draft edits to the Chamonix Community Housing Guidelines and additional documents, memorandum of acceptance, future deed restrictions, and to arrange for current EHU owners to join in providing feedback. The community outreach to price capped homeowners will be arranged prior to the next phase of editing documentation. Lindstrom pointed out a few areas to best clarify a few things. 1. In looking at the list of capital improvements and prices associated that the team shall make note of process to inflate the capital improvement numbers over time, possibly annually. 2. He noted also to differentiate between maintaining and improving the home. Currently, special assessments are considered and have been included in the maximum resale price. Godec pointed out to consider special assessments and differentiate between a special assessment that is a repair vs. an approvement. The housing guidelines document does include a compliance piece but could be expanded upon in the future and incorporated in Transfer or Deed and/or a Memorandum of Acceptance. 5. Matters from the Chairman and Authority Members 5.1 Matters from the Chairman and Authority Members Lindstrom reported to the Authority about updates at the most recent PEC meeting and next steps for changes to the housing zone district. It was a 3:2 recommendation to forward the plan to council. Ruther noted that the plan is coming along and on the Oct. 3 Town Council agenda. The content will be more detailed at the Oct. 17 Town Council Meeting. Not all of the changes need to go to the Town Council for approval but eventually an implementation plan will be formulated internally. This process does put the Town of Vail in a good position should the Town pursue funding opportunities through Proposition 1-2-3. It focuses on helping the private sector which helps us to tackle housing challenges. Godec summed up his conversations with future owners of Timber Ridge Redevelopment. Williams updated the group regarding the success, attendance and panel participation from the housing conference she recently helped to facilitate in Big Sky on behalf of Cross Harbor Capital and Lone Mountain Development Company. The regionality of the participants and attendees was well received. Ruther believes the State Land Board will be in front of the Eagle County Commissioners and Avon Town Council regarding the State Land Board Parcel on Oct. 10. At 3:40 p.m. Williams moved to exit the regularly scheduled meeting and enter executive session. MOTION: Williams SECOND: Godec PASSED: (3- 0) 5 6.Executive Session 6.1Executive 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; developing strategy for negotiations; and instructing negotiators regarding: Real Property Deed Restriction Acquisition. Presenter(s): George Ruther, Housing Director 7.Any Action as a Result of Executive Session 7.1 Any Action as a Result of Executive Session The regularly scheduled meeting reconvened at 3:54p.m. Williamsmoved to direct staff to continue with negotiation under the direction that the Authority has providedin Executive Session. MOTION: WilliamsSECOND: GodecPASSED:(3-0) 8.Adjournment 8.1 Meeting adjourned at 3:59p.m. MOTION: WilliamsSECOND: GodecPASSED:(3-0) 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 10.1 Next Meeting Date October 10, 2023 6 7 8 9 10